Each co-operative institution will become a school of business in which each member will acquire a knowledge of the laws of trade and commerce.

The great advantage to labor arising out of co-operative effort has been apparent to me for many years.

In a condition of society and under an industrial organization which places labor completely at the mercy of capital, the accumulations of capital will necessarily be rapid, and an unequal distribution of wealth is at once to be observed.

Labor can and will become its own employer through co-operative association.

The seeming antagonism between capital and labor is the result of deceptive appearance.

The production of wealth is the result of agreement between labor and capital, between employer and employed. Its distribution, therefore, will follow the law of its creation, or great injustice will be done.

The employee is regarded by the employer merely in the light of his value as an operative. His productive capacity alone is taken into account.