The Richmond Virginian. (Richmond, Va.) 1910-1920, 1913-11-02

OF the fact "of what do these ad.
vanced methods consistY"
tst.-A genuine system of co-opera'
ton for mutual aid and betterrnent
in finance. producing and marketing
2nd.-intensifying OF acreage an6
yield by the application Of better ant
more improved methods.
3rd.-The strenuous conservation OF
every phase Of resource. tThcy say
we waste more than they produce,)
4th-EducatinE the farmer to bust
ness methods in buying and selline
and handling his records and &C
counts.
5th.-In the continued thought for
rural uplift work. The inaugurating
Of cooperative schools. sven churches,
club rooms amusement halls. libra
rjes, Fairgrounds, etc.
To a~nalyxe these; First. in regard
10 cooperative effort in finance, mar
kettnr and production. Their are
three popular system OF banking
which should he mentioned. because
they are fundamentally the basis or
starting roInt of all cooperation:
ti.) The Elaiffeisen system Of "un-
limited liability"
10 The Schulze-Delitzsch system
Of limited liability"
t3-) The general land mortage"
system with amortization features.
The Ra{freiseu system If rurau
banking operates as follows;
A community. ucighboYhood or
county organize themselves into A CO.
z~rerative banking society with capt
Eal stock. the membership Of these
.4re4 utgat4ans AVERAGES from twenty
70 forty each. when one man
Wishes 70 borrow tho obligation is
anon him to satisfy the loan commit
t,a uf The bonn fdo need which he
may have. This dome. the note or
lii is made in the name of the soci-
ptv and every member is thus bound
gotAttr,- .zvfarnt- Of tht-fsan- of the
borrowing. This note or hill is
raafseouuted with an affiliated State
hank several Of which i'm each coun-
nv act as agents for the country So
~rtat,as. bath to receive their deposits
and furnish funds for thetr loans The
anti bank borrows its money from
state institution. usually at Az
10 51s Der cent. and IN extending lts
loan IL its rtstonpr adds Ia If uer
cent Ia cover the expenses only. aa
tines country hanks are not operated
for nraft INIT orlv fo and far mutual
hareNt and nrotcrt{1u
The second system-that - Schul2e-
Is identical with the Raft
f4isen system. exeept that these hanks
nr s,r{atf.a arc founded vitb shara
cantta4 ana are called "nntted la
ha5tv. hayka Whan loans re- erartad
n4emba the security ia me state or
dlsrountinv bank IL The entire canttal
afrek If IRIS cnurfry l,ank ar anrfetv
frat them the nrn-rated remaining
liability Of the stock second
y7ha third gvsfnu, has hut 1ttle
Afract connection ,v{tb cifbar NJ Inc
ntbers II ~ taas ca.nneratfye hnt
i. ~ an fsctors ,,saa In I-1rona tba
,ncet rotrpt1a1 in fha a~a,x1onmpnt Of
.nrcraf arr3rntturo ,{z, RI. "tord
y,rrtnrc" a,,sta, Tbnsa ,rsttu+iors
are very large and influential win
aoo ~ sfnn ana aho mb{rb c~an,taI l.
,,soa ~ rorfnrn h,3+ one function
~ tnartug 81 ,nnr., n, torrs
,nortaoa
T., ,,-t1l tn rna1uy chaerya4 trot ,bosa
saun at,,jsn 20 ta.rm ta.tf
49,. - - 80 - - - -.
ar+betoss -. twnortant f,rctInns
L. ~ 49, thm pa4tyateau
coh'.I,a' nat$tsaoh srs,au1E ~ ioans
- aasItltaa m1v~ ~ -
- - 80 80, -,
na,i1s 10. 80, 80, .n ., 1eD,,ss
- - -
- - ~ .t"S eh'tt =
-. err~n,ar - ~
I'' a2 iui3, ~ 49,
s - ~ 49, ~
49, - - ~
nv oxa,S ' w .-Stoa
sa1I. : ~.