Corpus Christi caller and daily herald. [volume] (Corpus Christi, Tex.) 1911-1917, 1912-08-17
COOPERATIVE CREDIT
SYSTEM OF GERMANY
csrmar Warmers Hsys WsiSsd Over
10000 esrsi c. operative Banks
Into National oreanisstien.

ffis.U Thousand and odd fGrai 80 1p-
-foilf- hant- lniu nsilunsi sfssnits
tlon that places behind fhs Osfman
asrigaliurisf ~ today nnancial power
20 ufuprniious aiEr be- shown n5 inu be-.
VsaiiEaliDh Nhifn s bslna conducted
lhf Amhs-sndnt ielshman nf usfIin In
connection ath president rafrs 90
tore t1 sEubnsh CD operative ofedf
in %. Tinted States f1r ths b.usnt ~
the American fafmsr
Tue .f.ss fssai e"-oi,sfsilt, i.,ns
he oefIasnY hsH re- membership ~ 'fss
than . hundred people ID IL conduct
"a Almesi as fsmii1 affair and rt.r
msrii,efa b. personally acquainted whh
ai thr other members hatuffiiI tnf
Determination ~ su0h nmii'd cope
'sould prove Individually sn inslanln
Isant factor ln the nnRuclai wpfld 10
lqolrhlj davned upon the German
fefmsrs utter the operative hanh
iden had taAtn suhsianilal root in
thai oouniff. ihai 81 their afgnnisa
iinnH wtrs 81 securs commanding
position Boa fhn banking world they
must concentrate thsu strength
thfpush unlrns Consequently. fhf
leadors 80 me movement uudsfioa.h
fo comhlnr thr various rural htnts
ia serh pfntinse
a central oo cooperative hanh waa 81
tehushsH m each province mHioisd
simply AZ au eulareod pliuUn 10 mo
i0cai banks Tho members belonging
to tHf central banks were SOC htal
hanks ThrY suhscfibci tn atott boz
mo central banks to fufm iht capital
Their surplus funds Nefp dapnstrd
with tho trnfIal Dsuka AOmp money
N aecurei aiso from l,lns from nui
ia, hansa aud some num i.ana "a
snueed hy the tWn nrnorsl leuuul
iAnhp which ore IL psri ~ thU t,u. priA,
iivo banh organizations ana aro to the
protineial central BANKS what those
tanks atr to tho io, ti banker nf thc
locai h.snFs ore iu ihoil members. tho
farmers
The ohlef function " these ,cnirsi
i.anhs IL io ssuauto che eFedn rrclr
cf ms ioeai hsnks Tho test pfos
peritY atlondiug iht lo,ai banks rltca
them ha "a whole. muncs enough Co.
nuan,o the fsrm,fs with 900 iho lnnns
whiNh thri rruulrH However, thif
prosperity s NOE equally divided one
hank nnia itsot with larHc eHf
plus at uue tim, AMI anothDf nant s
in need of loan in m.ri thc .nlis
made up,m "a hs Ha mrmhrfs. Tho
surplus 90 iht nnr hanh h deposited
with thv central ianh 0f that ptut lnrs
ana b. ln turn. ioaurd hN ihr crnimi
bank tu she other Iotal banh friullnH
additional funds Surplus funds not
Required ~ the pcai hanks far i0aus
ere invested el,hfr Niih iho rrner,i
central hanRs of in securities The sem
trN hnnks iUau money lo me iaCal
hanks M two WAYS upun current sc.
couui aud foe nVcd psfloaB loans un
cuffcnt account hHwc,cr forum a etcat
nsivtli, ui che uusinvss
\ step hlsher than these provincial
hanks afe the senrgl central tanks
These banAa oNtsnd gh,h opsusiiona
o,vf the eutife eupifr lhrrc arg tNr
81 theso hanks the Csntul AerNul.
turai l.osn llanh ~ arrmen, at n.fnn
and the National lianh fsc Co.epem-
tive sooictios at psrmstadt rhosr
banks ssaAt i,..na a. ihs ,sistfai uo.
operative haebH and ferelse lhe'f de.
poal,s ee,lng a. caual,aess jas, ar
the pfo, neial hanks hs o. enc lucel
hanks
lu 1909 these provincial and renerai
centrai tanks. so total business of
-S~~rF tss s'p This gives al hi.a- -isg
siuc ~ the GO operative errdu system
az uefmAny and II iis importance teI
She Ocrmap farmer
Financial cooperation Was not the
only ncca feli amOns the many eo
operative smiciics a was "a Nroai
movement a new thror, which thoueh
immensely auccrssful in its original
mrm. rcquir'd development and diree
uru 49, 10 vNivndgi 0Vcr the enplrr ant
ees Httcd a. me di0crirs csndiiicns
ct various communities AiSo the en-
operative idea Ia CernAay Was not
confined epiirri, 10 nnanoial oosopera
tlon Thcrv were dlstrleutlsp 80 cp-
erAtiN. soeleslrs dais,ing NsopefatiVt'
s,ess,i.,s and other Kinds, The work 4
ias olassc- ~ CcrmNuo .touna an lase /
which would ala ,hem IN huSmg. ~
sclilew. and IN hAnkmG. INC uicuhera
In this nationwide movement telt thc
Heci ~ s0.opegstion aWong thcm
SELVES A. result rroVineial orrRni.
aAslcns were sormsa 90 fsropogase the
co-vpegatiso idcA, y e,iucste me pso- 4
pie in ths movement and % act An a
gcnerai defense association iNr thc 81.
tre membership % chs cs.operatlNci
movement The poo, metal oreaRiaA'
,tons were In turn combined IN MAJ
tionai gc,irfaslons sas thes ~cre term. 4
eal and these e~e maintained a sep'
arNsa e>lssensr lor tasne years They
evVn worked AZ crsss purposes Ia wan>
instances HAT the natural similarity
~ their motives 6nalp lea ~ eon.
solidAtion ans ssss@s thgrc y bus thr'
enc rational le~sOreslsp Ntthena,
Federation ~ fnefms.Aae IN isss
IA ~ 49,. ssa.a..l allln.s A.. a.. Att.