Raiffeisen, FRIEDRICH WILHELM (1818-88), born at Hamm, near Coblenz, held various posts in the Prussian government service, but is known as the founder of the agricultural banks on a principle similar to the people's banks of Schulze-Delitzsch (q.v.) now found all over Germany, Austria, Switzerland, and Italy. He wrote several books in exposition of the system. See CO-OPERATION.
Raiffeisen
Chambers's Encyclopaedia, Volume 8: Peasant to Eoumelia, p. 555
Source scan(s): p. 0564