The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1889-01-11
GERMAN COOPERATION.
Nearly Five Thousand Assecis-
tions in Existence.
r.armous Deposits in Popular
gspEs-Prodnctive and Dis
trfbative Societies

,o-soa Chamber Of Commerce goxraai
7. I less than half a century ago
.s,,es schultze- Deiitseh launched his
-. AZ cooperation in Germany, and
80 a. the associations formed upon
~ s,;uciples be advocated number
- than 4s2l. OF this aggregate
,. %xo are popular banks, 81 are so
- a. raw material ti39 industrial
80 agriculturaIl, 80 labor so.
49, 49, ~ Industrial aud 22s agricui-
elis - xarehousinR societies ga In
ss l ana : agricultural), 67s socie-
O. ~ PRODUCTION t145 industrial and
- s--iruIfurail. g. mutual assurance
se.-,stss.s. 5f2 societies OF consumption
snd 81 societies Of construction.
rae regular banks show a vast
.,axth n their operations during the
81 auartsr OF century. Last year
- II these banks forwarded their re-
s.nvts TO the central Office, and com
psrne their principal operations with
lao 4 fair idea OF the immense strides
made may be gained. In 1850 the
hanks givisg returns had 1856 asso-
eistes. whereas in 1857 there were 4S6. :
q7g. the banks numbered - in the
snriier wear and $40 in the later. The
advances to associates in 1850 amount
"a 10 u. sg4, Tes marks, in 1857 to ,sI1 :
s57 Ig5 marks, and the capital Of asso-
eiates amounted only 10 $50 ora
,narks In 1850 compared with TIC. 63e. :
IN marks in 1857. More striking still
are the figures OF reserves and depos-
IL. The former increased IN the pc
nd for which the foregoing figures
are quoted FROM % ,535 marks only TO
no less than 2i,2i4, $50 marks, while
the deposits rose from 3,0i2 ABS marks
10 ~ rs pa marks. To more fully
realize what these sums mean, one
comparison, which il supplied BIZ
4 Paris contemporary will not be
out Of place. The deposits represent,
for So banks giving returns out of 200
which exist. 534 go .e6e francs, whereas
the deposits with the Bank of France
only reach s52 $50 900 francs. with the
Bank OF England us .375 600 francs.
and with the Bank Of Germany 525,-
600 900 francs. 80 that the $50 popular
banks had more deposits than the bank
OF the empire. Allowing a fair reduc-
ton in the average Of deposits for the
banks not reported upon, the total
would exceed the deposits of the Bank
OF England, and II the state funds.
amounting 10 385 900 600 francs. are
deducted from the deposits 81 the
Bank OF France. the deposits in the $50
German popular banks would exceed
the remainder, and be far in excess II
the deposits of the whole 900 banks
were recorded. During 1887 the popu-
lar banks made advances 10 the extent
OF 500 co., 900 marks, had q total dis
count business of 78s, Go, 600 marks
and of current accounts OF 10000. coo
marks. These transactions were con-
fined to associates or members Of the
banks, who may be divided into 2q.91
per cent. for agriculture, 80 90 per cent.
Tor small industries, and the remain
ing 3G.2 per cent. for large industries
and commerce.
The information supplied with re-
gard to the other societies IN not so full
as in relation TO the banks, but the re
turns from the societies OF consump-
ton Consunyereine) ii taken as the
average for the ZIP at work. would
represent business of over i72 ,p0, 600
marks annually. OF the labor socie-
ties MISREPRESENTATION we learn
only i'm reference to the Munich body
that il has assets amounting TO 1853, $40
marks, while all that is stated in the
case OF the warehousing societies
Magazingenossensc is that they
are principally situated in towns. being
chiefly concerned with boots and shoes
planes, tailoring, coal. etc The pro-
ductive societies tProductivegeuossen-
schafteul OF which 5a2 are agricultural
secure the benefit 10 their members of
purchasing raw material "in com
mon, principally manure, while they
also devote themselves TO the cut &c OF
certain foods, and especially dairy
produce. No details are supplied as
to the operations OF the mutual assur.
ance societies (NerSichcrungsgenossen
schaftenl. or OF the societies of con-
struCtiOn RaugenosSenschaf
Incomplete rs this reference is in
respect 90 the operations of the
various combinations which come
under the head of cooperative bodies
in Germany, il is still possible TO con-
olude from them that the system
must be found beneficial in that
country or il would not have been so
extensively adopted In the future
opportunity may be afforded to trace
more infinitely the effects OF the
system on industrial and CONNER
cial operations in Germany, n study
which would be immensely interest
ing, since those operations have
grown TO such an extent that they
can no longer be disregarded and
ignored by British traders or pro-
ducers, and il would he well 10 ascer-
tain II this growth is due-and il so.
20 usbas .,t.... =, -, g.. -. = :