The Contemporary Review, Vol. 47

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Excerpt from The Contemporary Review, Vol. 47: January-June, 1885The Companies were probably ia their original conformation not so much trading societies as trade-societies instituted for the pur ose of protecting the consumer or the employer against the incompetency or the fraud of the dealer or the artisan, and equally with the intent of securing a maintenance to the workman trained to the art, according to the notions of early times, by pre venting his being undersold in a labour-market by an unlimited number of competitors. Furthermore, the Companies acted as domestic tribunals, adjudicating or rather arbitrating between master and man, and settling disputes: thus diminishing hostile litigation and promoting amity and good will. They were also in the nature of benefit societies from which the workrnan, in return for the contributions which he had made when in health and vigour to the common stock of the guild, might be relieved in sickness or when disabled by the infirmities of age. This character speedily attracted donations for other charitable purposes from benevolent persons who could not find any better trustees than the ruling members of these communities, and hence arose the numerous charitable gifts and foundations now entrusted to their care. They also possessed the character of modern clubs. They were institutions in which individuals of the same class and families assembled in social intercourse.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.