About This Book
From the Preface of the book: "The growing interest in cooperative credit as a possible solution of the problem of financing the farmer and eliminating the evils of the small loan business in cities, intensified by the investigations of the American and United States Commissions abroad and the publication of the reports of their findings, prompts the Russell Sage Foundation, through its Division of Remedial Loans, to publish this brief statement of the operations of the Cooperative People's Bank of Canada, written by a Canadian who has been correctly termed "The founder of cooperative banking on the American continent."
ALPHONSE DESJARDINS was president and manager of La Caisse Populaire de Levis and general director of L’Action Populaire Economique.