The daily telegram. [volume] (Clarksburg, W. Va.) 1901-1926, 1912-09-23
IlSH
Credit Societies Attract Atten-
ton Of Taft Who Seeks
Information.

coPENSH AlGEN, sept 2s-The sue
eessful operation Of the Danish Credit
Societies IS attracting widespread In
terest, and the latest seeker after In
formation concerning these orgaaniza-
dons IS President Taft President
Blem, head Of the largest society, and
an expert on their organization. is
preparing a report for the CHIEF exec
live OF the United States. At the
same time other Americans are In
seresting themselves in the societies
Dr.. Pearson. OF Ohio University, and
formerly commissioner Of agriculture
II New York state, has been here for
ONE time studying their methods.
Dr. Maurice Egan, the American min
! 'ster, is also preparing report on the
societies for the American govern
ment.
The fundamental law for the soci-
/ les was passed in 1919, shortly after
he adoption Of the Danish constitu-
! ito. The system is worked on the
cooperative principle. A society Of
( landowners is organized with the OBJ
ject Of borrowing money Jointly. 1t
hints its own money according TO
daily requirements, in the shape Of
/ ash bonds on which interest and in
;taTIments are to be paid with mortg-
age security in fixed property under
unlimited responsibility and with a
.eserve fund as an auxiliary support.
During recent years the societies
ave even arranged to give loans,
which are exempt from installmeut
payments.
The bonds are put on the market
the usual way and are subject to
the ordinary fluctuations Of the stock
exchange. Until the organization OF
he societies it was almost impossible
% borrow money in Denmark, no mat
er what security was given, for there
vas scarcely any gold and silver in
he country and most OF the trading
vas done in actual commodities. The
;redit societies remedies this condi-
ION and the people who had money
o loan were no longer afraid to part
with it.
...&
If, Christian x. should ever lose his
rown as King OF Denmark he could
make a good living with bicycle re-
,air shop, and he already has the
promise of at least one customer.
While driving with his sons recent
the King ran down a cyclist with
lis carriage. Although the accident
vas entirely due to the carelessness
the bicycle rider, the king stopped
he carriage and went to the assist
lnce of the young man, who> was un-
INJURED, but whose machine was
mashed.
His majesty. who is very fond OF
yelling and who repairs his own ma
hine, saw at once that he could put
he broken bicycle in running order
gain. The young man seemed quite
helpless and stood looking on with
us hands in his pockets while the
/ ing worked for ten minutes repair
aS the damaged machine When the
ling had finished the work the rider
sked for his card. promising to pat
'OniZe MIN whenever MS maCnlQe
leeded repairs AS the young man
stocd with wide-open mouth looking
10 the kings name engraved on the
ard, the royal party drove away.
During the coming session of parli-
nent the chief interest will be cen
cred on the introduction of the gov
,rnment measure for the abolition Of
plural voting for members of the
Lansthinget, the upper house of the
Danish legislature. The Conserva-
ives viii lose heavily by the abolition
Of plural voting, and the present gov
eminent will not gain anything, while
he radicals will have their voting
strength greatly augmented.
BY the original constitution of Is49
plural voting was prohibited, but in
1866 a measure was carried permit
ing heavily taxed voters more than
one vote for members of the upper
house AS counter demand the
Conservatives in the lower house will
seek a measure for Proportional rep