rength of Methodism in America has also been established
for the benefit of the members of M. Harmel's Christian Corporation.
This is 'exclusive dealing 'of an honest and honourable sort, and must
not be confounded with the rascally 'exclusive dealing' known in Ireland
as 'boycotting.' It combines a system of 'privileged purveyors' with an
accumulative savings fund.
The firm of Harmel Brothers, acting for the Corporation, makes contracts
with tradesmen at Val-des-Bois--grocers, butchers, bakers, and the
like--by which the tradesmen bind themselves to sell certain wares to
members of the Christian Corporations, and to them only, at a fixed
discount below the lowest current rate of prices--the wares to be of the
best quality, under a penalty--and the lowest current rate to be fixed
by an average taken from the current rates as given to Harmel Brothers
by four dealers in such wares in the city of Reims, of whom two are to
be named by them and two by the 'privileged purveyor.' Each member of
the Corporation receives certificates, of one franc, ten sous, or ten
centimes in value, from the office of Harmel Brothers, and these are
taken by the 'privileged purveyor' in payment at their face value.
For him they are each week cashed in money at the office of Harmel
Brothers. If the members prefer to pay the 'privileged purveyor' in
cash, or in orders upon their wages, the sums so paid are inscribed on
the account of the Corporation. When the weekly or fortnightly accounts
are made up, a certain percentage of the differences between the current
market-price of the purchases made and the actual price so paid by the
purchasers goes to what is called the 'Corporation profit,' the residue
of the difference being paid over to the member with his or her wages.
The 'Corporation profit' is a savings fund. Each member has a book
showing--with his or her number, and with the full name of the head of
the family to which he or she may belong--the amount of this fund
standing each quarter to his or her credit, with interest at 5 per cent.
This can only be drawn out by the member, on leaving the employment of
the firm, in case of illness or incapacity, or at the age of fifty
years.
An actuary's estimate shows that the share of the Corporation profit
accruing to each member in twenty-five years on an annual estimated
average Corporation profit of 70 francs a member, with five per cent.
interest, would be 3,300 francs. And this, be it obse
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