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| Directors and officers of Z.C.M.I, 1880 |
It has been
pointed out that the title "The Proclamation on the Economy" of an item in circulation on the Internet (
posted on this site earlier) was not the original title of the document. It was part of a letter to the Latter-day Saints reviewing the progress of the church's economic cooperative system Z.C.M.I. (Zions Cooperative Mercantile Incorporated).
Z.C.M.I was set up by the political organization - The Council of the Fifty in March, 1868 as a "co-operative covenant" among Mormons to sell goods "as low as they can possibly be sold" with "the profits be[ing] divided among the people [Mormons] at large." Concerns over the economic impact of the transcontinental railroad and economic tensions with non-Mormons prompted its creation.
Brigham proposed a boycott of all "Gentile" (non-Mormon) merchants, which was sustained by the Salt Lake City School of Prophets, and later sustained in General Conference. The church opened the first store in 1869 and the next year began a manufacturing enterprise which became known particularly for their boots, shoes and "mountaineer" overalls.