Distributing Co-operative Societies; An Essay On Social Economy by Luigi PizzamiglioDistributing Co-operative Societies; An Essay On Social Economy by Luigi Pizzamiglio

Distributing Co-operative Societies; An Essay On Social Economy

byLuigi Pizzamiglio

Paperback | February 4, 2012

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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1891. Excerpt: ... CHAPTER V. SOME QUESTIONS RELATIVE TO THE CARRYING ON OF DISTRIBUTING CO-OPERATIVE SOCIETIES. (a) Whether one ought to sell on credit. There is no greater danger for co-operative societies than the practice of selling on credit. By ready-money payment distributing societies have the great advantage of not incurring losses through bad debts, of having a simple system of accounts, a less complicated administration, of not involving the society in the costs of legal disputes, and of shutting the door on remonstrances in case the credit be denied, qualified or disowned. Further, by cash payment the society has no need to buy wholesale on credit, and is thus certain to obtain the lowest possible prices, and may, with very little capital, have a large circle of business, while its operations are always safe. In the provision system (MarJcensystem) the society which sold its tokens on credit would find 55 itself incommoded in paying the purveyors, which would lead to the reduction granted by them being diminished. While the consumer finds it very advantageous to buy on credit, the private tradesman willingly sells on credit at a short term of payment, in order to hold the debtor bound, and to assure himself of a certain custom. Thus the debtor is not absolutely free (" he who is in debt is owned by others "), and he often finds in the credit which attracts him, and which favours and encourages improvidence, his own ruin. The tradesman, in order to protect himself from every risk proceeding from credit, is accustomed to raise the price of the goods, and this rise has been estimated at twenty per cent. of the price: thus even those consumers who pay ready money must pay something in addition for the benefit of bad payers, and a privilege, as it were, is formed for...
Title:Distributing Co-operative Societies; An Essay On Social EconomyFormat:PaperbackDimensions:44 pages, 9.69 × 7.44 × 0.09 inPublished:February 4, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:021746484X

ISBN - 13:9780217464840