HOUSES AND HOMES
Or, What Co-operation Can Do
who visite Edinburgh should fail to see the workmen's dwellings
which have been erected there on the co-operative principle.
They present a picture of comfort and an example of what judicious
combination can accomplish, particularly interesting and
seven years ago, a few earnest working men, prompted by the
deplorable want of suitable housed, and a desire to improve the
condition of their class, formed a Co-operative Building Company,
with a capital of £10,000, in shares of £1 each.
earnest action, the practical aid of fellow workmen was gradually
obtained; and the position of the undertaking - so far as mere
figures can indicate a result which embraces incalculable moral and
social benefits - may be thus summed up:
- The entire capital is
subscribed by 836members, 400 houses supplying healthful
accommodation for at least 2,000 individuals, have been built and
sold for £70,000; and an average profit of over 15 per cent has been
paid every year.