Re: Financial innovation | <– Date –> <– Thread –> |
From: balaji (balajiouraynet.com) | |
Date: Fri, 16 May 2008 14:47:59 -0700 (PDT) |
Brian, The Bank was different, certainly, although its main purpose was to serve as credit vehicle for the Kirtland LDS community. It was insufficiently capitalized, and when the economy turned sour in 1837 there was a run on the bank. There were many reasons the Mormons had to leave Kirtland for Missouri shortly after, but the bank failure was one of them. Subsequent attempts to create internal financial mechanisms within this community were much more successful, especially after the exodus to Utah. Charles Utah Valley Commons http://groups.yahoo.com/group/utahvalleycohousing/ Utah Valley Commons, a cohousing community to be located south of Salt Lake City and within commuting distance of Utah Valley State College and Brigham Young University, welcomes participation by individuals and families interested in: co-housing, eco-village development, permaculture, and sustainable living in general. The UVCC has no religious or political affiliation, and includes (at the moment) LDS and non-LDS individuals and families. Everyone is welcome. At present we are early in the planning stage, and no site has been selected. The list will serve as forum for discussion, and will lead to practical expression in the form of eco-village and/or co-housing development in or near Provo, Utah. Our models are Eco-Village at Ithaca (http://www.ecovillage.ithaca.ny.us/), Champlain Valley Co-Housing (http://www.champlainvalleycohousing.org), the Wasatch Commons (http://www.econ.utah.edu/~ehrbar/coho/index.htm), and Earthsong Eco-Neighborhood (http://www.earthsong.org.nz), suitably modified to local conditions. "The future is not what you expect." James Howard Kuntsler "If it is man's privilege to be independent, it is equally his duty to be inter-dependent." M. K. Gandhi http://groups.yahoo.com/group/utahvalleycohousing/ http://www.utahvalleycommons.com/ >> the same call for financial innovation was made in the 19th century, >> in the hay-day of the Associationist movement. People like Albert >> Brisbane and Horace Greeley tried to set up lending programs that >> would operate within the "phalanxes" (what we call "cohousing") and >> thus avoid the perils of conventional banking. The Mormons tried >> something similar in the 1830's in Ohio with the "Kirtland Savings >> Association." Unfortunately, their efforts did not bear fruit -- >> the Kirtland Bank exploded quite spectacularly -- and the >> cohousing-like phalanxes all collapsed, one by one, leaving >> mountains of debt in their wake. > > Were the bank failures different, or did they fail for similar reasons? > > > Brian > _________________________________________________________________ > Cohousing-L mailing list -- Unsubscribe, archives and other info at: > http://www.cohousing.org/cohousing-L/ > > > >
- Re: Financial innovation, (continued)
- Re: Financial innovation Matthew Whiting, May 16 2008
- Re: Financial innovation Brian Bartholomew, May 16 2008
- Re: Financial innovation balaji, May 16 2008
- Re: Financial innovation John Faust, May 16 2008
- Re: Financial innovation balaji, May 16 2008
- Re: Low cost housing John Faust, May 18 2008
- Re: Low cost housing Sharon Villines, May 18 2008
- Re: Low cost housing John Faust, May 18 2008
- Re: Low cost housing Marganne, May 18 2008
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