Note 481 — Chapter VI

Amid the great outburst of feeling in favour of Co-operative Production it is difficult to distinguish in every case between the investments of the funds of the Trade Unions in their corporate capacity, and the subscriptions of individual members under the auspices, and sometimes through the agency, of their trade society. The South Yorkshire Miners’ Association used £30,000 of its funds in the purchase of the Shirland Colliery in 1875, and worked it on account of the Association. In a very short time, however, the constant loss on the working led to the colliery being disposed of, with the total loss of the investment. The Northumberland and Durham Miners in 1873 formed a “Co-operative Mining Company” to buy a colliery, a venture in which the Unions took shares, but which quickly ended in the loss of all the capital. Some of the Newcastle engineers on strike for Nine Hours in 1871 were assisted by sympathisers to start the Ouseburn Engine Works, which came to a disastrous end in 1876. In 1875 the Leicester Hosiery Operatives’ Union, having 2000 members, began manufacturing on its own account, and bought up a small business. In the following year a vote of the members decided against such an investment of the funds, and the Union sold out to a group of individuals under the style of the Leicester Hosiery Society. It became fairly successful, but scarcely a tenth of the shareholders were workers in the concern, and it was eventually merged in the Co-operative Wholesale Society. Innumerable smaller experiments were set on foot during these years by groups of Trade Unionists with more or less assistance from their societies, but the great majority were quickly abandoned as unsuccessful. In a few cases the business established still exists, but in every one of these any connection with Trade Unionism has long since ceased. In later years renewed attempts have been made by a few Unions. Several local branches of the National Union of Boot and Shoe Operatives, for instance, have taken shares in the Leicester Co-operative Boot and Shoe Manufacturing Society. The London Bassdressers, the Staffordshire Potters, the Birmingham Tinplate Workers, and a few other societies have also taken shares in co-operative concerns started in their respective trades. Full particulars will be found in the exhaustive work of Benjamin Jones on Co-operative Production, 1894.