and observed consistently by successful societies since that time are as
follows:

1. Earnings of capital stock limited to legal or current rate of interest.

2. Surplus earnings to be returned to members in proportion to patronage.

3. One vote for each member regardless of amount of stock owned. No
proxy voting permitted.

In addition, the majority of societies adhere to the following principles:

1. Business to be done for cash.

2. Goods to be sold at current market prices.

3. Education given in the principles and aims of cooperation.




CONSUMERS' COOPERATIVE SOCIETIES IN NEW YORK STATE

The Extent of Consumers' Cooperation.

The Tenth International Cooperative Congress, held in Switzerland in
1921, disclosed the fact that since the last Congress, in 1913, the
number of cooperators in the twenty-five countries represented had
increased from approximately eight million to thirty million and that
cooperative trade had increased correspondingly.