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

n0ur policy has beer" said the Secretary,
MI. Uhich, 80 MAKE, the rate Of premium
low. as compared with sonne others, but
we have endeavored TO save by avoiding
riska and pursuing conservative course.
We will probably be ready to close In q
year aud three, quarters from now. The
officers have remained the same all the
way through, having been reelected every
time.n VIM. O. Handlan 10 President,
VIM. Roth, Treasurer; and 81. Q. Ulrich,
Secretary. The new board Of directors,
which was chosen on last Monday night,
has been published In the 1sTRLLieEScER.
THE La BILLIE PERPETUAL
Association Is another wofkingmen's or.
ganization. II was started on the first OF
January, last year, with membership Of
3S6; 1t has now al. Under the series
plan, series A and B have been issued.
At the end OF the seventh quarter, there
were 2, 070 shares OF stock, of which ], S02
belonged to series A, and 1888 to series B.
The ex penses for year aud three.iourths
have been 81, 273 50, receipts S49. 0s9 So.
The shares are $50 each; premium 20 per
cent; weekly dues 25 cents on each share.
The average net profit on the investment
has been IL per cent. Although the Asso-
citation is named Perpetual, Il Is with the
option OF the directors whether new se.
ries shall be issued At any time. The off.
GERS are the same as those OF the La Belle.
TIE RIVERSIDE
Association has for its president, State
Treasurer.ele Thomas o'Bien; Treas.
urer, ]. T. Holman Secretary. George W.
Hannah. 1t was organized in May 1877,
and began operations In June following.
There were 1000 shares OF stock, Of $3.50
each to begin with. The capital stock
amounted to $50 600, and the original
membership was 42S The weekly dues
are % cents, and INTEREST," 10 payable weekly
instead OF quarterly. The total receipts, at
the end Of the thirteenth quarterly set
Element, in September, were $40, III, S8;
disbursements Sl70. 0S3 TO- The Associa-
ton started out on the basis Of running six
] and quarter years. The constitutional
premium Is 20 per cent. eve have had
. no losses" said Mr.. Hannah. "We have
not made bad loan. There Is no demand
Tor money now, and nothing doing in
building matters. We have no real estate
on hand now except lot or two out Of
town. Our weekly increase, however
shows up 10 the SUN OF Ss66 in the last re-
) port
TIE CENTRAL ASSOCIATION NO. 8
J is the successor Of Central Nos. and 2
!, It was organized in December, 1878. VIM
j, O. Handlan is now President; John T
, Miller, Secretary; and Oscar Sandrock
Treasurer. This is likewise perpetual
. association, on the series plan; and series
!, A, B, O and D have already been issued
, The number OF stockholders at one time
va, over 500; It Is now nearly 700 The
capital stock is $3.50 900, divided into
shares OF $3.50 each; aud the interest, which
is payable weekly, amounts 10 10 cents on
each share. The reporter inquired oil
Mr.. Handlan what was the reason
|, there was nothing doing at this time
, amongst tho building associations In the
way OF loans or building. "Well," said
that gen tleman, sit Is quite dull now; our
demand dropped off two months ago. /
think that during the. times people were
paying high rates to the associations, q
good many stockholders became delini-
quent and consequently lost by them
This created q fear or distrust among that
class OF people and TO great extent they
quit investing. However, when times are
good, 1t seems that good many come 10,
and when times are bad they drop out"
Mr.. LETTERS, the new Secretary OF the
Nail City Building Association OF Wheel.
ing, was called upon but was not prepared
to furnish any special information con-
corning that organization without consult
ing the books. He has not been long in
charge OF the husiness.'
There seems to exist general feeling
smopgst officers OF the different associa-
tons that investments in them are
good and profitable, Notwithstanding the
tendency to depression in loans and build.
ing affairs Just now. some Of the associa-
tons keep sharp eyes on the speculative
interest.