Richmond times-dispatch. [volume] (Richmond, Va.) 1914-current, 1916-02-29

/, the movies Hi: IL he needs an eX-
ira piow in order TO put, another for
~ acres into cotton, the union Wilt
lend him the money 10 buy il n, q
per cent Otherwise. he would have 10
get the pillow from the country store
ON credit. and IL would pay 20
cent or more of interest upou the
price.
Again, Jones "A poor farmer. has n
tract OF land that IS not much good
Tor cotton, but he could raise ALFALFA
on II and use II for a hog pastur IN
The trouble is that he has no none
TO buy hogs, and in this crncrgen E
Inc country storckceper cannot hcM
him out, while the bank will proba b ltH
refuse 10 advance him money upon u@
improved land. III such an instanjs5
the credit union renders it's GREATEST
service All the members know Jone9
a ahio 'h ss, know know that he is rc@
about that strip OF land. and really
mat his project 10 grow alfalfa uyX
1T is quite practicable. They will 4
the money for him to buy a II
SOW. and they Will be very CD
that he gets a good one for the IN
OF the loan depends upon it I.
Now. not only will Farmclablc
be launched in the hog busia 60
the whole community will krhous
it. That berkshire SOW ancS good
i!y VIII be the subject Of to-day
interest and solicitude. store
makes a success of hog-ln" doIiar
will be many hog farms ,htattvc T.
In word the credit Jana lhIr'i
fail 10 bring men to- courteous
them common !ntercs -AuVcrtiSe-
nate information: tc
n business carried on bsfAYNSNNz
instead of by isolated far.
The organization of crcdiS IL
going forward rapidly in No S
DINA. They have already beeiSe b.
lished in half a dozen countiehS
the division of markets underfS
Camp. is carrying the campais Il
over the state. The cost is exec, Il
~ small. The State charges II, r
Tor ITS aid in effecting tho org e
ton. y notary's fee must be pai IS
50 for filing the certificate of In, E
ration, while II set of books mas
purchased for about Sill. ~
n credit union has only one paiS
oihcei-the trcasurcr--who must be
bonded, and who receives SoJ to $50 r,
year for his services. lie Is usually
one OF the farmers.
Origin of the Scheme
Thc originator OF the credit un. ~
was a German merchant, nam 4 Raj
lessen lie perceived the basic trut
mat the money necessary for de.
Veiopment of rural districts is usualI,
o"ncu among the farmers themselves
Ordinarily much sc ii is wasted, an,
much OF 1t sent by the wealthicr land
owners TO the great city banks. onl.
10 return to the country through f3Sl
rious channels at cXorbitnnt ratesS3 |
interest. To keep this money in q
country, where ii was made, to enco
rage the poor farmer 10 save and :
rich one to lend to his poor neighb
Tor productive purposes. became
objects OF RaiffciSenS existence "A -,
went ut the work with almost red
ious zeal travelling over the c)urtryt
his own expense, enduring ali sci
of hardshlps The German peas
called him good father RaiffetN,
and his memory is still venerateS
them. When he died in 1888 'ere =
~" Of these societies in cXis - q
they are still multiplying at> q
of hundreds every year. !. G
The spirit of fratcrnal go.,
which Rnifcisen preached as
or these organizations. the ptn
community enterprise, seem Il
literally carried around the w., NJ
United States is merely the Il III
try to take up this form OF \ u
ton. Farmers credit unions 9. u
Kind or another arc now succ'F y
Austria and Hungary, Italy, q
France. Scotland. Ireland aud =
as well ny I'm four States Of tn
The promoters OF these organ, S
believe they are 10 have r. great "a
In the agricultural upbuiidinS or
United States.