The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1880-12-09

Ia third one managed by this same corp
OF efficient officers. 1t was organized DC
.ober 10, 1874, having 1000 shares OF $l5t
each, all Of which were immediatel,
taken. Weekly dues are 25 cents, prem
ium 10 per cent and interest payable guar
terly. Il Is the prospect now that this as
ISOLATION will be able TO wind up Its affair
successfully in another year and quar-
ter. The latest quarterly statement oil IL
condition shows the total receipts in six
wears 10 have been $3.50. 900, and total dis.
bursements for the same period
about equal. The losses incurred 10
divers ways will foot up something like
$40 900. There ia real estate on hand now
70 the amount OF SIG, 900. Il has handled
a great deal OF property In q profitable
gay during its existence. Said MI. Sec
retary Conner: ave have averaged a net
prof; OF 10 per cent on the investment,
and | think II we close up by the end oil
seven years, the average will be IL per
GENT. Demands are very SLACK now, and
premiums run low, There Is very little
building being done through associations
still all our organizations have been sue
cessful and are prosperous. Affairs in this
department may brighten up some next
wear. The PRECEDENT Of our association.
Mr.. Berry, is a man Of much experience
and Judgment in real estate matters. He
was ut the head OF the old associations, the
Peoples Mutual and the American, both
Of which were closed very successfully
and probably.
TIE NAIL CITY BUILDING AND LOAN AssocI'
ALTON, 's'
was started in May, 1873. tits conducted
under the series plan, and has now in
operation series A. B aud O. It began
with ABOUT $50 members and has now
about $40. There are 1921 shares in opera
lion now; and the weekly income 10
nearly $500. The constitutional premium
is 20 per cent. Mr.. Geo. w. Eckhart, j.,
the Secretary, remarked that the de-
maud for loans at the present
time was fair. He supposed, however,
that their demand was probably slightly
better than that Of almost any other Asso.
citation 10 the city. The other officers OF
the organization at this time are ]. A.
Duuuing, President; and George W. Msr.
chapt, Treasurer. III
1nE COLUMBIA BUILDING ASSOCIATION
has for i.s Secretary Mr.. Henry O. Morgan,
al the Exchange Bank. The reporter wac
informed by Rim that the COLUMBIA waa
organized April !, 1873, with 1000 shares
Of 500 each, all OF which were taken.
SINGS that time, at the date OF the last
quarterly statement, September 8Osh, the
total receipts had been s3i, 400; loans
Ss4, 700; expenses $3.50, house $50; proper.
" $1,000; stock bought In S7,4OQ. This
association 10 70 run SIX years.
The representative woEkingmen's
building association -
THR La BELLE.
This one was formed October 8, 1875,
and the first dues were paid in in Novem.
Der OF that year. Tie secretary's state:
,nent Of the end OF the 9Th year shows
hal there have been 1885 shares redean.
al . a58 ahares /, nredeemed; 1925 cancelled.
There we're 70 be 1000 shares originally,
mi only 29l7 OF this number were issued.
The total expenses In Ave years have
been S. SOL SO, while the receipts for that
period were SEQ, ss4 Is. The shares are
$50 each; weekly dues 20 cents on each
share; aud premium 20 per cent. A. the
bepinning there we're $40 membersi thNre
afe now 200. The stockholders are al
and many OF them nave
secured homes through the ASSOCIATION