In the old days, glass bottles were reused that's why it says to rinse and return. When I was a kid, you returned bottles and earned a few cents. It was a great way to recycle, keep our roads and paths litter free, and pick up some candy money.
Agricultural cooperative societies have been around for hundreds of years. Farmers can pool their resources for marketing, packaging, transportation, and delivery. There are many of these cooperatives still around. Some are marked with the name of the area. One milk bottle I saw recently was marked Birmingham Cooperative Society and offered for 2 pounds or $2.50.
To find out more about your specific bottle, try the Bottle Research Group of the Society of Historical Archeology or the Encyclopedia of Manufacturers Marks on Glass Containers. Both can be found online.