Word: profitable
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...year, cares not a particle for the "Co-operative Principles" but he is unwilling that nay sentimental consideration for the Co-operative movement should risk the great University branch of service which has grown up here. The Society is from his point of view a profit sharing, trading concern; practical business reasons urge its immediate incorporation. S. CUNNINGHAM...
...vote to pay the President $800 a year, and the Secretary $10 for every Directors' meeting attended. Any scheme which seeks to secure to the consumer the middleman's profit should pay its way; it should not be based on charity. To accept in the form of dividends upon one's purchases, the result of the unpaid labor of President, Secretary, or Director, is to accept charity. H.R. MEYER
...specific harm that is likely to befall, and if they stop to think a moment, they will see how absurd such a supposition is. Is it conceivable that members of the Faculty, who are legally bound by the conditions on which they receive their stock not to make personal profit out of the business, whose interests are closely bound with those of the students, who are peculiarly subject to popular opinion, and finally who are under the control of the President and Fellows of Harvard University, would do anything dishonest or even contrary to the wish of a majority...
...Society are invited to examine at the office of the Society are not anything which the proposed stockholders will be bound by, but which they may change at any time. The only limitations on the powers of the stockholders are: (1) that they shall make no personal profit as stockholders, and (2) that they shall divide profits each year into dividends and capital, the relative amounts of each being, however, as the Directors determine. The members cannot be sure then that, if they vote away their control, the present method of management will last for more than...
Finally, it may be pointed out that this change does not effect the real purpose of the Society--to save members the profit of middlemen. This saving will be as effectively carried out under the incorporation as in the past...