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FRIEDRICH WILHELM RAIFFEISEN (1818-1888)

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Originally appearing in Volume V22, Page 818 of the 1911 Encyclopedia Britannica.
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FRIEDRICH WILHELM See also:RAIFFEISEN (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 This preamble was repealed by the Statutes See also:Law Revision (No . 2) Act 1893 .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 See also: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, See also: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: FRIEDRICH WILHELM RAIFFEISEN (1818-1888)
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