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New England Artisan, And Laboring Man's Repository
Providence, Providence County, Rhode Island
What is this article about?
Mr. Owen is working with London's Co-Operative Society to establish an Equitable Labor Exchange Bank, using labor notes as value standard. Depot opens 3rd, exchanges start 17th of current month; Owen calls gold/silver 'baser metals' post-establishment.
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Full Text
Mr. Owen, in one of his speeches at a late meeting of the Society, declared that after the establishment of "labor notes," gold and silver should be known as "baser metals" and iron would be called "precious metal."
It is resolved that the depot "for the reception of wealth" should be opened on the 3d of the present month, and exchanges commence on the 17th.
We look with some interest to the result of this novel undertaking. Some of the co-operative plans have been attended with great success in England.—[Transcript.
What sub-type of article is it?
What keywords are associated?
What entities or persons were involved?
Where did it happen?
Foreign News Details
Primary Location
London
Event Date
3d Of The Present Month And 17th
Key Persons
Outcome
depot to open on 3d for reception of wealth; exchanges to commence on 17th; interest in results of novel undertaking; some co-operative plans successful in england
Event Details
Mr. Owen engaged with Co-Operative Society of London to establish Equitable Labor Exchange Bank for depositing and exchanging useful productions using labor notes as standard. In speech, declared gold and silver as baser metals and iron as precious after labor notes establishment. Resolved to open depot on 3d of present month and commence exchanges on 17th.