36 rXFORMATION REIwATING TO CO-OPERATION AND ASSOCIATION 



The first agricultural savings and loan society, organized about two 

 years ago at Centerville (New York) had 157 members at the end of 1916 

 and a capital in shares of S 23, 276. It had then granted fourteen mortgages 

 on agricultural real estate for a total sum of §32,800. The co-operative 

 society for insurance against fire in Sullivan county, founded four years 

 ago, had then issued 504 policies, still active, for a total value of S 1,211,395, 

 The business of the year yielded a profit of about $5,000. 



Finally the organization department took partictilar interest in the 

 application of the Federal Farm Loan Act and conducted an intensive work 

 of propaganda in order to induce Jewish farmers to form, in accordance 

 with the law, national associations of agricultural credit. 



