Summary

Collier's New Encyclopedia — Railway Brotherhoods (1921)

In the latter part of 1919 and during 1920 several of the brotherhoods turned their attention toward Consumers' Co-operation as a means to bringing down the cost of living. “We realize,” said Grand Chief Stone, “that by a continuous demand for higher wages, even though granted, we gain nothing if the cost of living continues to rise. What we want is, not a rise in wages, but a lowering of the cost of living.” The principal brotherhoods had begun, in 1920, the establishment of a series of co-operative banks throughout the country, as a basis for further co-operative enterprises.
Source: Wikisource

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