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RAIFFEISEN, FRIEDRICH WILHELM (1818-1...

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Originally appearing in Volume V22, Page 818 of the 1911 Encyclopedia Britannica.
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RAIFFEISEN, See also:FRIEDRICH WILHELM (1818-1888) , founder of the See also:German See also:system of agricultural co-operative See also:banks, was 1 The See also:preamble to the See also:Foreign Enlistment See also:Act 187o stated that its See also:object was "to make See also:provision for the regulation of the conduct of Her See also:Majesty's subjjects during the existence of hostilities between foreign states with which Her Majesty is at See also:peace." This preamble was repealed by the Statutes See also:Law Revision (No. 2) Act 1893. z R. v. Sandoval, 1886, 56 Law Times, 526. 2 R. v. Jemeson, 1896, 2 Q.B., 425. See also:born at See also:Hamm on the Sieg on the 3oth of See also:March x818, being the son of Gottfried Raiffeisen, burgomaster of that See also:place. Educated privately, he entered the See also:artillery in See also:Cologne, but defective eyesight compelled him to leave the See also:army. He then entered the public service at See also:Coblenz, and in 1845 was appointed burgomaster of Weyerbusch. Here he was so successful that in 1848 he was transferred in a like capacity to Flammersfeld, and in 1852 to Heddersdorf. Raiffeisen devoted himself to the improvement of the social See also:condition of the cultivators of the See also:soil, and did See also:good See also:work in the planning of public roads and in other ways. The See also:distress of the years 1846-41, the causes of which he discerned in the slight amount of See also:credit obtainable by the small landed proprietors, led him to seek for a remedy in co-operation, and at Heddersdorf and at Weyerbusch he founded the first agricultural co-operative See also:loan banks (Darlehnskassenverein).

These banks were called after him, and their See also:

foundation resulted in a widespread system of See also:land banks, supported by the See also:government. In 1865 the See also:state of his See also:health compelled him to retire, but he continued to take an See also:interest in the See also:movement he had originated, and in 1878 he founded at Neuwied a periodical, Das landwirtschaftlicheGenossenschaftsblatt. He died on the r ith of March 1888. Among Raiffeisen's writings are, See also:Die Darlehnskassenvereine als Mittel zur Abhilfe (Neuwied, 1866; new ed., 1887); Anleitung zur Geschafts- and Buchfahrung landlichen Spar- and Darlehnskassenvereine (new ed., 1896); and Kurze Anleitung zur Griindung von Darlehnskassenvereinen (new ed., x893). See A. Wattig, Friedrich Wilhelm Raiffeisen (189o); H. W. See also:Wolff, See also:People's Banks. A See also:Record of Social and Economic Success (1895); and Fassbender, Friedrich Wilhelm Raiffeisen (See also:Berlin, 1902).

End of Article: RAIFFEISEN, FRIEDRICH WILHELM (1818-1888)

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