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Encyclopedia Britannica - Main :: PYR-RAY |
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RAIFFEISEN, FRIEDRICH WILHELM (1818-1888) , founder of the German system
1 The preamble to the Foreign Enlistment Act 187o stated that its object was "to make provision for the regulation of the conduct of Her Majesty's subjjects during the existence of hostilities between foreign states with which Her Majesty is at peace." This preamble was repealed by the Statutes Law Revision (No. 2) Act 1893. z R. v. Sandoval, 1886, 56 Law Times, 526. 2 R. v. Jemeson, 1896, 2 Q.B., 425. born at Hamm on the Sieg on the 3oth of March
Raiffeisen , burgomaster of that place. Educated privately, he entered the artillery in Cologne, but defective eyesight compelled him to leave the army. He then entered the public service at 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 condition of the cultivators of the soil, and did good work
loan banks (Darlehnskassenverein). These banks were called after him, and their foundation resulted in a widespread system
interest
movement
March
Among Raiffeisen's writings are, 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. Wolff, People's Banks. A Record of Social and Economic Success (1895); and Fassbender, Friedrich Wilhelm Raiffeisen (Berlin, 1902).End of Article: RAIFFEISEN, FRIEDRICH WILHELM (1818-1888) If you wish, you can link directly to this article.
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