DOI Page / Citation link:
https://doi.org/10.11588/diglit.6523#0168
certainly be prosperous : but the majority of weaver
families continue in a state of indebtedness from
generation to generation .... After giving him a
grounding in character, efforts should be made to
secure to him the benefits of his labour. The greater
portion of the weavers' profits now goes to the seller
of cloths and not to the maker of them .... The
great point in the task of relieving weavers is to
secure to him the profit which now goes to enrich the
middleman. This can only be done by applying to
weaving the principles of productive and distributive
co-operation." Bulletin, June, 1912, pp. 303, 304.
III. Political Effects
Professor Lees Smith, engaged by the Government
of Bombay to lecture on Higher Commercial and
Economical Subjects, made the following remarks
on the bearing of Co-opei-ative Banks on Self-
Govern ment :
" They could scarcely over-estimate the ultimate
importance, not only to the economic but to the
political life of this land, of a widespread system of
co-operative agricultural banks. Here they had the
beginnings of representative institutions. They would
find that all political philosophers had insisted that
in order that a people might secure the ability to
work representative institutions, it was not enough to
merely confer these institutions upon them. They
families continue in a state of indebtedness from
generation to generation .... After giving him a
grounding in character, efforts should be made to
secure to him the benefits of his labour. The greater
portion of the weavers' profits now goes to the seller
of cloths and not to the maker of them .... The
great point in the task of relieving weavers is to
secure to him the profit which now goes to enrich the
middleman. This can only be done by applying to
weaving the principles of productive and distributive
co-operation." Bulletin, June, 1912, pp. 303, 304.
III. Political Effects
Professor Lees Smith, engaged by the Government
of Bombay to lecture on Higher Commercial and
Economical Subjects, made the following remarks
on the bearing of Co-opei-ative Banks on Self-
Govern ment :
" They could scarcely over-estimate the ultimate
importance, not only to the economic but to the
political life of this land, of a widespread system of
co-operative agricultural banks. Here they had the
beginnings of representative institutions. They would
find that all political philosophers had insisted that
in order that a people might secure the ability to
work representative institutions, it was not enough to
merely confer these institutions upon them. They