The Evolution of People's Banks, Volume 102, Issue 1 |
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already American amount annual appointed assembly associations audit authority become board of officers borrowers building called capital caused central chiefly committee considerable convention cooperative societies cooperative stores corporation Counsel course Delitzsch desired dividends duties elected examination existence fact Finally Finck Furthermore German give hand held important included increase institution interest Italy joint larger leader leagues least less liability limited loans marks meeting membership ment movement naturally necessary officers operative organization people's banks perhaps period pointed political position possible practical present probably profits purchasing reason representative result savings Schulze Schulze-Delitzsch secure seems serve share started statute success supervisors surplus syndicate third tion union Universal Federation usually various whole
Popular passages
Page 191 - The members are elected by the general assembly for a term of three years, with the elections so arranged that one third of the members retire each year.
Page 238 - ... scheme of man's devising is going to radically change man's nature so that a large proportion of the community will not consume all their incomes—be those incomes large or small. We see, thus, how erroneous is Prof. Cairnes's definition. 'The aim of co-operation is to get rid of the employer, and divide his profits among his former workmen, who are to become, for the future, self-employed: to organize themselves, in their own way, for industrial purposes, and carry forward production on their...
Page 254 - ... years, therefore, experiment has in most countries been compelled to wait upon legislation. As to the probable usefulness of the credit syndicate to American banking, if such legislation were enacted, it would not be safe to speak too hastily. Prophecy is always unwise. It may be pointed out, however, that there are at the present time in the United States more than 18,000 state banks. Most of these probably would desire to keep their present legal form under any circumstances, but it is just...
Page 9 - ... freely expended for the education of the ' children and the improvement of the workpeople at ' New Lanark, and for the general improvement of the ' condition of the persons employed in manufactures.
Page 238 - Finally there is the Raiffeisen type of cooperation. According to both Huber and Raiffeisen the cooperative movement was a means of elevating the moral tone of economic life.
Page 46 - In order to belong to a credit union which is founded on self-help, on the members' own strength, naturally one must be in a position to be able to help himself . . . for the credit unions, if they are to win a lasting success, must absolutely not get themselves mixed up with charity cases; for they are not designed to support the poor, but what is more important — to prevent poverty.
Page 2 - It was a matter of regret to the writer that he was not able to inspect carefully both extremities of the reef, and examine fragments from many different portions of it.
Page 237 - A definition of a third type was decided upon in 1873 by the cooperative Congress at Newcastle-on-Tyne. Their resolution read as follows : " Any society should be regarded as cooperative which divided profits with labor or trade or both." Thus the line of demarcation was made to depend on whether or not the profits went to those who furnished the capital. In similar vein John Stuart Mill said, " Cooperation is where the whole of the product is divided. What is wanted is that the working class should...
Page 18 - so ignorant or so prejudiced as to say that cooperation alone can attain to the solution of the social problem. But we certainly do see in it a prime factor in that solution.
Page 44 - Rather, the loans, which were always unsecured, were made on the basis of character "to all 'worthy seekers after credit, not limited to any one occupation, or social class . . . ."" Unlike financial institutions today, these credit unions operated on the "unlimited liability
References to this book
Bibliographic information
| Title | The Evolution of People's Banks, Volume 102, Issue 1 Issue 231 of Columbia studies in the social sciences Studies in history, economics and public law The Evolution of People's Banks, Donald Skeele Tucker |
| Author | Donald Skeele Tucker |
| Publisher | Columbia University, 1922 |
| Original from | the University of California |
| Digitized | Oct 20, 2007 |
| ISBN | 0404512313, 9780404512316 |
| Length | 268 pages |
| Export Citation | BiBTeX EndNote RefMan |