, 1866-11-29

| HuUHEE t& ttuI1lE b UAAAh4 Ut AUfANEI UAuA14
In Germany was ovcr 1000 at the close Of
last year; ofthese, 49S sent IN their accounts.
In sufficient time 10 appear In the general r.
port If tho, Central Agency Office. At the
eud OF 1sC5 thts 49S banks had 169. .S6 mcm-
bers, or an average Of 81 members to eac i
society. In the report of the previous year
there were but 135 0lS members in 455 banks,
or :,,e7 members TO each, 50 that there has
been a considerable increase, not only IN the
number Of banks. but In the number OF metu-
4aS banks Of 1876 made advances TO the
amount Of el0, 1856 $50, or An average Of more
than +-0:So for each bank The fo9a a
s% msas a'eh s dc.'rcd We'd from sas-'e secunne aae
lated reserves and Investments made
By the members, and amounts TO 500
. very respectable figure assu1edly for work.
ing mems banks. The amount And natuLe oi
actcristic and deserve attention; linus
Gl,t73, ls3 Is derived from loans and nearly
Gl,mHD Gum deposits OF three times =.
much ~ the original capital Of the banks
| rcposcd in the banks and their solrency- II
! Is this confidence and tho money It placed =.
: their disposal which enabled the directors to
). alyaues more than Elo, or, 90 during ias, ,s,
: whose accounts had been sent IN sufiicisnoI
= time. SURPRISING that the remaining ~
y y banks which have not figured In The rcpof
did business equal to q third only of tn
silssf Is *fs9a fse ne! s'Ts profit of 5's
= q as banks has been CSC, ,0U, or more tbs,
i - PER cent. reserve included, on the eapt
:. tai. The co. operative ASSOCIATIONS OF pro
!. . duct!ou and consumption have been tar les
= developed In Germany than the eo-oper1ttv
= =. credit associations. There were ISL scott
r. !. tics fer consumption, and 100 other cooper
n e.ivc o:tesiations In 1865. as compared Wit
- 81 and 1s3 In 1864. The lao other co-opera
tive socsttIcs consist Of &c for production
14S for the purchase in common Of raw MI
tsrials. and 50 which combine the two Of
n. 5ccts Of purchasing in common tho INV nj
=. tcrtnls and tEcn selling the products IN Ct
of operative stores What Is remarkable vii
~ rcEard 10 the cooperative pTincip
~ that uf cooperative credit association
= In this country and in France the coop
rativc principle has developed itself primo
rally In the form Of societies Of productic
. and consumptlon-associati for ~
les tnal credit being very little known. hard
I'm think this distinction Is due 80 much
.xt chance q to that peculiaIlty in the Germ,
'!e- @ rot Of an idea or 3 principle Cntdit Is I
les mort powerful lever in the present econou
.1v- nf The world, and when the working class
on. I have rcady made fund In thcir banks tn
~ will Eavr more Freedom and more power
."e 80. the establishment aCd extension Of co-opcl
af- tive societies Of production and coosum
the tion.
}nr tlayc written 50 much on the subject
~ tie po>itieE, the attitude and prospects
" thr working classes, that I hare little sps
: oe lctt to notice the declaration made at I
Inc {@or,uTa;fcu banquet last night by Earl D
Of ly to The etfec, that hts Government WOE
will te willing to consider The clatlls OF t
tor American t;pycrntiicut on account OF
OH Alabama in 4 friendly and falr spirit, q