The co-operative movement in Russia; its history, significance and character . tion these societies,acting as re])resentatives of the bank, have directed tlieirattention to the i>roblem of raising capital locally andsupplying it to the local societies which are in need of it,so that the juoney might remain in co-ojjerative haiulsand not go to assist ])rivate enterprise. All the availablefunds of the various local co-operative societies are con-centrated in the hands of the reiucsentative society,which distributes them fairly among the local balance, if any, after satisfying lo
The co-operative movement in Russia; its history, significance and character . tion these societies,acting as re])resentatives of the bank, have directed tlieirattention to the i>roblem of raising capital locally andsupplying it to the local societies which are in need of it,so that the juoney might remain in co-ojjerative haiulsand not go to assist ])rivate enterprise. All the availablefunds of the various local co-operative societies are con-centrated in the hands of the reiucsentative society,which distributes them fairly among the local balance, if any, after satisfying local needs, goesto the Moscow Narodny Bank, Avhi(;h i)asses it on toother localities in need of money. Thus capital is systema-tically diffused whenever necessary, the strain in one 100 CO-OPERATION IN RUSSIA. place lining relieved by the superfluity of the demand on credit varies according to locality. Inthe autunni, for instance, the call for currency amongstthe peasants is very small, whereas autumn is just thetime when the Siberian creameries are mostly in need.
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Keywords: ., bo, bookcentury1900, bookdecade1910, bookidcooperativemovem00bubn
