A study in democracy: being an account of the rise and progress of industrial co-operation in Bristol . Quarters) 523 1889 .\.. 706 1890 983 1891 1537 1892 1576 1593 (3 Quarters) 1220 1594 1629 1895 1841 1896 2628 1897 4154 1898 7027 1899 9453 1900 11182 1901 14562 1902 18671 1903 24213 1904 30214 1905 (3 Quarters) 27351 / 1x8 144 51 124 239207 25 22 20 28 52 no 146 172 240 366 516 614 578 818 775 138 205 276 381 366 324 479 559 664 866 1473 2395 2387 2999 3373456263465384 liRISTOL AM) niSTRICT SOCIHTV INDUSTRIAL CO-OPERATION IN BRISTOL. 221 CHAPTER XVII. NOTWITHSTANDING the
A study in democracy: being an account of the rise and progress of industrial co-operation in Bristol . Quarters) 523 1889 .\.. 706 1890 983 1891 1537 1892 1576 1593 (3 Quarters) 1220 1594 1629 1895 1841 1896 2628 1897 4154 1898 7027 1899 9453 1900 11182 1901 14562 1902 18671 1903 24213 1904 30214 1905 (3 Quarters) 27351 / 1x8 144 51 124 239207 25 22 20 28 52 no 146 172 240 366 516 614 578 818 775 138 205 276 381 366 324 479 559 664 866 1473 2395 2387 2999 3373456263465384 liRISTOL AM) niSTRICT SOCIHTV INDUSTRIAL CO-OPERATION IN BRISTOL. 221 CHAPTER XVII. NOTWITHSTANDING the progressive nature ofsome reforms indicated in the last chapter, therewere tendencies developing during the same periodUDon which comment must be made. On the whole, the policy aimed at was commercialprosperity. The fortunes of the Store in 1892 Vvcre atsuch a low ebb that the immediate necessity was toresuscitate and inspire confidence in the Society as abusiness undertaking. Expediency was an ever-presentconcern in the shaping of policy, and one can easily seethat this elastic consideration, at times, obscured allothers from the official mind. One of the first indications appears with a resolutionas to pricing stock for balance sheet purposes. Now, therecan be but one sound method of dealing with this ques-tion, and that is, only to accept, as an asset, the lowestmarket estimate. To do otherwise is to declare a profitwhich has never been earned, and which, moreover,neve
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