An Example of Communal Currency: The facts about the Guernsey Market House

Third Edition, Newly Revised and Enlarged Demy 8vo, Cloth, 600 pp. 6s. net
The Two Aspects of the Question, Credit to Agriculture, The Credit Associations of Schulze-Delitzsch, Raiffeisen Village Banks, Adaptations, Assisted Co-operative Credit, Co-operative Credit in Austria and Hungary, The Banche Popolari Italy, The Casse Rurali of Italy, Co-operative Credit in Belgium, Co-operative Credit in Switzerland, Co-operative Credit in France, Offshoots and Congeners, Co-operative Credit in India, Conclusion.
We may confidently refer those who desire information on the point to the book with which Mr. Wolff has provided us. It will be a most useful thing if it is widely read, and the lessons which it contains are put in practice. — Athenæum.
The book is the most systematic and intelligent account of these institutions which has been published. — Banker's Magazine (New York).
It is the most complete book on the subject. — Mr. G. N. Pierson, late Dutch Prime Minister and Minister of Finance.
There was manifest need of just such a book.... A mine of valuable information. — Review of Reviews.
This is an excellent book in every way, and thoroughly deserves the careful attention of all who are concerned for the welfare of the people. — Economic Review.
STUDIES IN ECONOMICS AND POLITICAL SCIENCE
Edited by the Hon. W. PEMBER REEVES, Director of the London School of Economics
No. 21 in the Series of Monographs by Writers connected with the London School of Economics and Political Science

Those who during the past thirty or forty years have frequented working men's clubs or other centres of discussion in which, here and there, an Owenite survivor or a Chartist veteran was to be found, will often have heard of the Guernsey Market House. Here, it would be explained, was a building provided by the Guernsey community for its own uses, without borrowing, without any toll of interest, and, indeed, without cost. To many a humble disputant the Guernsey Market House seemed, in some mysterious way, to have been exempt from that servitude to previously accumulated capital in which the whole creation groaneth and travaileth. By the simple expedient of paying for the work in Government notes—issued to the purveyors of material, the master-workmen and the operatives, accepted as currency throughout the island, and eventually redeemed out of the annual market revenues—all tribute to the capitalist was avoided. In face of this successful experiment, the fact that we, in England, continued to raise loans and subject ourselves to drag at each remove a lengthening chain of interest on public debt, often seemed so perplexingly foolish as to be inexplicable, except as the outcome of some deep-laid plot of the money power.