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Excerpt from The People's Banks of Their Organization Under the Recent Law
The two corner-stones on which, in Mr. Schulze's opinion, the edifice of the successful People's Banking Association rests are: 1. The solidarity or personal responsibility of all the members for the Society liabilities and 2. The form ation of a Society Capital in the form of business shares, which are the property of members, and a reserve fund, the exclusive property of the Association. The writer will not undertake to condense or repeat the explanations given in the following translations, but would say a few words in defence of the first principle, - that of solidarity, to which it is foreseen the most determined Opposition will be made in this country. The principal objections are reviewed somewhat as follows in Mr. Schulze's work on People's Banks hereinafter mentioned.
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Excerpt from The People's Banks of Their Organization Under the Recent Law
It is believed that this problem has, in Germany at least been solved by the adoption of this system Of Association Ship. P\u'blio and private charity or money assistance, how ever creditable to the givers, was found to be worse than useless. The classes whom it was intended to benefit came to regard it as their right, - as a sort of conscience money paid by classes from whom they had suffered injustice and it afforded no stimulus to industry or thrift. Therefore it was that the first banking institutions, founded on charity and not on the principle Of self-help, invariably failed. Their capital was collected by gifts or gratuitous loans, was lent without proof of ability to repay, was received as assist ance due from richer classes. The founders received, instead of thanks, increasing demands; and it need not be said that such institutions, being without any true principle of life, soon fell.
About the Publisher
Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com
This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.
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- EditorialForgotten Books
- Año de publicación2018
- ISBN 10 1332446442
- ISBN 13 9781332446445
- EncuadernaciónTapa blanda
- Número de páginas64
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The People's Banks of Their Organization Under the Recent Law (Classic Reprint)
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Paperback. Condición: New. Print on Demand. This book delves into the history of the Peoples Banks, a system of financial institutions established in Germany in the 19th century. These banks provided accessible credit and financial services to the working and lower-middle classes. The author, an expert on the topic, provides a comprehensive examination of the banks' founding principles, their impact on the German economy, and their subsequent spread throughout Europe. The book highlights the important role the banks played in fostering economic growth and social mobility during a time of industrial expansion. By exploring the historical context, economic theories, and social implications of the Peoples Banks, this book offers valuable insights into the development of modern banking systems and the enduring legacy of these institutions. Forgotten Books publishes hundreds of thousands of rare and classic books. This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works. The digital edition of all books may be viewed on our website before purchase. print-on-demand item. Nº de ref. del artículo: 9781332446445_0
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The People's Banks of Their Organization Under the Recent Law Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781332446445
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The People's Banks of Their Organization Under the Recent Law Classic Reprint
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PAP. Condición: New. New Book. Shipped from UK. Established seller since 2000. Nº de ref. del artículo: LW-9781332446445
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