People's Co-operative Banks; For Workers In Towns, And Small Holders, Allotment Cultivators, And…

Paperback | January 11, 2012

byHenry C. Devine

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1908. Not illustrated. Excerpt: ... CHAPTER XVII COUNTERFEIT CO-OPERATIVE BANKS MY exposition of the Co-operative Banks movement would be incomplete without some reference to schemes for exploiting the interest it has created in Co-operative Credit for the purpose of enriching their authors. " Characteristics of these Promotions.--Some of these schemes have been pure frauds. Others, though not fraudulent in a legal sense, have been floated with bombastic pretences of philanthropy, and simulated interest in the welfare of the people. It is astonishing how readily working people and others are "taken in" by plausible persons whose principal stock-in-trade consists of:-- (a) A good knowledge of the catchwords of the movement. (b) A thorough appreciation of the credulity of "the man in the street," and unlimited assurance and impudence in trading upon it. I venture, therefore, to give a little elementary advice, which, though simple, seems most needful. Do not believe everything that men say in praise of themselves, as sometimes the opposite is the truth. Inquire, either personally or from those you can trust, and who have greater facilities of finding out the facts and "no axe to grind " :-- 1. If those who offer to look after your savings have done anything to warrant financial trust. 2. If their character and disposition do not posi tively unfit them for such a responsible trust. In other words, if they do not need very careful looking after themselves. This is a real and not a merely theoretical evil, and I therefore earnestly press upon those interested in the "condition of the people " problem to " beware of imitations" of true Co-operative Credit. It is easy enough to ascertain whether a concern is conducted upon co-operative or personal profit lines bv applying to its constitution and pr...

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This historic book may have numerous typos, missing text or index. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. 1908. Not illustrated. Excerpt: ... CHAPTER XVII COUNTERFEIT CO-OPERATIVE BANKS MY exposition of the Co-operative Banks movement would be incomplete without some referen...

Format:PaperbackDimensions:48 pages, 9.69 × 7.44 × 0.1 inPublished:January 11, 2012Publisher:General Books LLCLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0217246656

ISBN - 13:9780217246651

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