Show ID ff M 4 A tl 1 I Z 11 F AV 0 ER S z mu much ch good done in holland by raiff eisen ogoal l acal banks S a t S t I 1 I 1 L ia brittl fleri ea atye 16 help I 1 P at a low 0 interest run on an wi 1 K t 4 t 1 ft 0 F C 0 4 ay iy tide the R beasa peasants Peasant 1 ears I 1 over hard times the ha gue quite a feature in the cob of holland la Is the 90 bjoin blanks anus in ald aid of the peasantry which havo have so materially contributed to keep the people out of the clutches of the usurers rs it la Is to a german the mayor of a small village benefit la due tho popularly called vater avater Ralf fel sell sea ay ay iy tho the people saw tho the straits tb to fajth which the small farmer Is often re cedi spoor poor seasons and other mis fo Adnes and how bow it Is often impossible for him to obtain credit for continuing his work except at ruinous interest ile ho saw how the local tradesmen bolders bo liers and grocers often ate ja took advantage 0 ozithe Im impossibility poss af ibo 1116 farmer 1 paying ing for his i everyday neco necessities how they kept on selling him goods on credit giving bad wares at high prices as the farmer could not possibly take his custom elsewhere and gradually he got more and more entangled and saw his debts mount up until his small farm ad fifa could no longer be called hideo nylia then on an evil day every i thing would be sold for a small sum um to come some insistent creditor and the I 1 leavatt proprietor would be forced back into the ranks of the farm laborer father Rae Raef nelsen felsen who loved his children t thought deeply over Ws problem had and conceived a scheme by velch ahby might in guiv act ba tided over t uolar lie he began in a small way by organizing a operative cooperative co society for buying cattle it if for example the members of this society bought a cow they did not havo have to pay the full price at once but in small instalments installments ile he ha had d so much success alth this that taa he soon boon was waa able to brid organize nize a society on an a much larger scale which extended loans for all purposes the beneficial i effects were soon visible and so BO many man s demands for loans came in that he determined to make some slight nus atlon in his original plan and to found loan and savings banks soon the fame of the institution v I 1 T t r N r fl V A 1 4 i t plead abroad and his example was followed aidt anly ut in Holl aind alid as ails bif own diw n ame will live on jn Irk these ons ions which he himself called into ping for they theyer the everywhere known raiff elsen eisen banks th Q etteen et yeen them and ordinary 1 abanks batiks Ter roii nany while the idea of a bank generally ene rally is to in alto abood profit 3 give its i and 3 flyg glasa a hiell percentage to its share i lilyers alders the Raif felsen ban bank kohly ohly tries a give loans loana at as ag low jow ia a percentage tago i s in need of them nd tha only sal salaried arted of the aalt 1 the cashier while all the cherp gl help bell for nothings nothing hc ashier be ready to confer customers band to pay mp P ney j even derx he only gets a salar sa larar X generally general ly jt it to 1 about 6 orans 20 a x year and I 1 n not a angje I 1 case dopp does lit it exceed floring florl ng 99 abear the board boards ot nd committee ot ol control I 1 ara all chos alko n arom bom among rn ona the c of the gli t standing lu in the village the i cost of getting such i ank into working opla order la Is very low there is the deed to be drawn P P W ww 1 V y athi tie locality from 40 to GO 60 florins florans flor ins then good safe has to be aught bug ht about des ea I 1 jr books paper etc dd no not atly i crease tho tolaf sa tea a about b ou tl cove wal el affa hit lr thoa rho itch goverline go rit at gives ve s h a B i 5 florins florans a yoa yar r lo io p oy which has joined oath iya c co 0 6 1 a bankst pich ach are u under e r 0 v e r n ent t is super n e islon there arp r afi three i r t a anka i in ill the e dg 6 i C it the ie sma small 1110 A local it ba banks aro d aall i fe ed ith one the ille total capt cap 1 n invested in them l Is fl flor or is in a H provinces holland such loc local ra iffe laen banks dve ave beo been n |