CO OPERATIVE MOVEMENT IN GERMANY Part 2

Herman Schulze

• Herman Schulze born in 1808

• Founder of urban co operative bank Herman Schulze

• Schulze bank are also called Popular Bank

• Founder of shoe makers co operative society in Germany Herman Schulze

• The book Principles of Banking written by Herman Schulze

• Paid management was the characteristics of Schulze societies 

• Dr Ben Hardi was the companion of Schulze in organizing friendly societies 

• Liability of schulze bank - Limited liability

• Schulze founded the first credit association in 1850

• Herman Schulze started the first loan society in 1850 at Delitzch

• The rate of dividend was high in schulze type of societies 

• In the Schulze bank the personal contact between the members was not possible 

• The reserve fund of Schulze bank is maintained by transferring 15% - 20% of their annual profit 

• The interest for loans granted in lumpsum varied from 5%-6% in schulze bank

• The dividend rate paid by schulze bank was 10%

• The schulze bank was organized on a democratic basis 

• There was very close supervision for the use of loan in schulze bank

CO OPERATIVE MOVEMENT IN GERMANY Part 1

• The birth place of  Co operative credit movement in the world - Germany

• The birth place of co - operative land mortgage bank - Germany 

• The birth place of co - operative Urban bank - Germany

• NEUHEIMAT is a group of persons joined together on no profit basis for acquisition of houses in Germany 

• The first consumer co operative society in Germany was ERMUNTERUNG

• Co operative insurance in Germany known as ALTE-VOLKSFURSORAGE

• Workers association in Germany known as HOMESTEADS

• DESWOS is the association for social housing in Germany 

• Investment banks are first originated in - Germany              

• The Prussian central co operative bank in Germany established by was Dr Hass           

                  F W Reiffesen

• F W Reiffesen is the father of co operative movement in Gemany

• F W Reiffesen Born at ham in Germany

• F W Reiffesen Born on 30th March 1818

• FW Reiffesen known as apostle of co-operation

• The motto of All for Each and Each for All was first used by F W Reiffesen

• Poor people committee organized by Reiffesen 

• Reiffesen organised credit society with unlimited liability in rural area 

• Reiffesen union was started in the year 1877 

• F W Reiffesen started his first Credit Society at An Houssen

• Village society  was the first society started by Reiffesen 

• F W Reiffesen started village society in the year 1862

• Heddesdorf loan society was considered as the first co operative of Reiffesen tradition

• Reiffesen founded the Heddesdorf society in1864

• In Reiffesen type societies the value of share is very low

• Major portion of the profit was transferred to Reserve fund in Reiffesen societies 

• Reiffesen gave more importants to moral and material well being of members. 

• The object of a Reiffesen bank was economic emancipation of farmers 

• The area of operation of the Reiffesen bank was limited 

• The membership of Reiffesen bank was limited 

• Deposits accepted from members and non members in Reiffesen Societies 

• Interest paid by Reiffesen bank was 4% - 5%

• The only paid servant in Reiffesen  society was the Accountant

CO OPERATIVE MOVEMENT IN ENGLAND Part 3

• Father of Co operative education - Dr William King

• Dr William King known as - christian socialist

• The christian socialist were responsible for passing of Industrial Provident Societies Act in 1852

• Dr William King born in - 1786

• The first co-operative journal in the world The Co operator 

• The Co operator Written by - Dr William King

• The Co operator published in the year - 1828

CO OPERATIVE MOVEMENT IN ENGLAND Part 2

• First successful co operative society in the world - Rochdale equitable pioneer society

• Rochdale equitable pioneer society also known as - Toad Line 2 Stores

• Roachdale Equitable Pioneer Society started on - 21st December 1844

• Rochdale pioneers entered into wholesale trade in the year 1855

• Formation of co operative principles was the main reason for the success of Rochdale Pioneers

• The women member in Rochdale Equitable Pioneer Society is - Eliza Brierley

• First president of Rochdale Equitable Pioneer Society - CHARLES HOWRAH

• First secretary of Rochdale Equitable Pioneer Society - JAMES DALY

• At first 28 Members joined together to form Rochdale Equitable Pioneer Society

• The working capital of Rochdale Equitable pioneer Society - 28 Pounds

• The members in Rochdale pioneers were engaged in flannel weaving 

• The book Weavers of dream written by - David J Thomson

• The book The History of Rochdale Pioneers written by - George Jacob Holyoke

• The book A century of co operation in Rochdale  written by - Henry Brown

CO OPERATIVE MOVEMENT IN ENGLAND Part 1

Co operative Movement England

• Co operative party is a venture in England 

• Father of co operative movement in the world - Robert Owen

• Father of co operative movement  in England -Robert Owen

• Father of British Socialism - Robert Owen

• Robert Owen born on - 14th May 1771

• The word Co operative Society first used by Robert Owen in his book the Economist

• The book, The Economist published in - 1821

• The book new view of society written by - Robert Owen

• The Village co operative was founded by - Robert Owen 

• The book " Principles of Environment " written by Robert Owen

• Doctrine of Circumstances is the idea of  - Robert Owen

• Labour exchange, Labour colonies, Labour note are the idea of - Robert Owen

• New Harmony is the co operative colony started by Robert Owen in USA

• Robert Owen is known as -Utopian Socialist

• No competition, No money, No profit is a statement made by - Robert Owen 

• Co operative wholesale stores started in England in 1863

• " Owen did not invent co operation but he was the inspiration for the co operative Movement " said by CR Fay

CO OPERATIVE PRINCIPLES

• The word Principle derived from the Latin word Principium

• The first society started by Woodviek and chaton in the year 1760

• George Davidonic said that co operative Principles  " They are set of rules which govern the life and activity of co operative organization "

• In the words DG Karve Co operative Principles is the " way of organizing and conducting and conducting co operative activities "

• In 1934 ICA appointed a committee to examine the Rochdale Principles 

• This committe submitted the report in 1937 at ICA Congress Paris and divide the Rochdale Principles into two 

         1 . Essential Principles  

         2 . Non essential Principles 

1. Essential Principles

• Open membership
• Democratic management
• Limited interest on capital
• Payment of dividend on proportion to transaction

      2. Non essential Principles

• Religious and political neutrality
• Cash trading
• Education 

• In 1964 the central committee of ICA appointed a committee to redefine co operative Principles 

• The chairman of the  committee was DG Carve 

• The committee submitted the report in 1966 at Vienna congress 

• The accepted Principles were

1. Voluntary and open membership
2. Democratic control
3. Distribution of surplus
4. Limited internet on capital
5. Co operative education
6. Co operation among co operatives 

• The sixth Principle co operation among co operatives known as Carve Principle and Principles of growth 
• In 1995

• The seventh co operative Principle Concern for community accepted by ICA in the year 1995 at Manchester