Wheeling Sunday register. [volume] (Wheeling, W. Va.) 1882-1934, 1884-11-23
BUILDING ASSOCIATIONS.
what They Are Doing in Wheeling
and About Il.
Rise and Utility oflocai Association, the
Honest POoeMen's fiends---hea's
Notes Gathered From Nome
and heigh6Oring Asso-
ciatioas.

Building ASSOCIATIONS must certainty poS'
ssss much good to End favor with the Peo-
pie as they do. They seem to have become
permanent institutions and are fourishing
in wonderful manner, especially in the
cities OF the central portion OF our country.
In looking over our exchanges we find that
a majority of the metropolitan papers, in
their Sunday edition, generally devote one
or two columns exclusively to these inSti-
tutions. Few people have any idea OF the
magnitude of the work done and OF the
capital controlled by these associations,
and we imagine it will surprise quite
number of our own citizens 10 knox that
the half dozen We have in Wheeling repre-
sent a capital stock Of between three and
four million Of dollars and that their repre-
seutatives hand in tully one-hslf Of the deeds
received at the Records Office.
That they have been ben.f !ial to Wheel
ing the numerous dwellings, storerooms,
&c, erected throughout the city
by their aid will testify,
and it is also a well known fact that the re
pairs, improvements, etc, which so speedily
IoIIowed the disastrous food Of last Febru-
ary were brought about to great extentby
these Associations. That they have also
been beneficial and profitable to the indi-
yidual members is a fact beyond dispute,
and is best shown possible by their present
popularity and BY the fact that men and
women why have gone through one generally
connect themselves with another.
There are also in the knowledge OF the
writer scores Of persons in our city living IN
houses OF their own who would never have
had homes had not our building Association
afforded them an opportunity ofpurchaslng
them in few years by the payment weekly
of Just about what they paid to their land
i loi5: n rents.
The first organization of this kind !"
Wheeling was the German Land and LOAF
Association started about the year 1867
and which. after prosperous career OF SIN
wears and nine months, wound up Oy paying
a handsome dividend to its stockholders.
Since then we have had numerous assOcia-
lions under various titles, all OF which, with
one or two exceptions, have proved very sue
cessful, ard have psid dividends OF from
10 to Y per cent. per annum. The iall1re
oF the executions being due almost alto
gether. if not entirely, 10 miSmanagemeni
upon the part ofthe officers.
The active associations of our city at the
UresCnt time are the Citizens, Crescent
Standard, Mutual, Economy, La Belle and
one or two others whose titles We do not re
call.
Il is quite interesting to visit one Of
these associations at their regular meeting
and note the different people as they pass in
and out. A crowd made up Of "all sorts
and conditions of mankind" men, women
and children, of ali colors, ages and sizes;
children and servant girls, who pay in TWEEN
ty-Gye or fifty cents a week, up to mer-
chants and spectators, with fifty or hun
dred shares.
NEWS NOTES.
The Standard is managed by c. III. Ber-
~. PRESIDENT and Charles Conner, secre
tary; two citizens who have had success
full experience of over twelve years in build
ing associations, it meets every Wednesday
evening at 1918 Market street, has sold
about three thousand shares at a par value
of one hundred and fifty dollars, and has
had its money sold ahead tor some time
hack, o. premium Of ten cents. II Sr.,
organized about eighteen OF twenty months
since.
The Crescent meets every Saturday even
ing at 1918 Market street, and has as Pres
ident, Thomas o Brien and George G. Han.
nan, Secretary. This association is run
upon the old plan, has disposed Of over three
thousand shares, and is selling money at a
good premium with plenty of buyers.
The Murual has disposed Of about three
thousand shares at par value Of two hun
bred and sixty dollars 1t has had good
dc ma I'd for money at weekly premium OF
al out twenty cents, aud has been sold ahead
!tr several months. The members Of this
association expect il to run out in aboul
Twelve years. 1t meets every SATURDAY. eve
Ling at 1916 Market street, and has officers
VIM. c. HaRdlan President and J. +.
Miller Secretary.
The Citizens Association has been in eS
is;ence about seven months, and has been
remarkably successful The demand for
money at a good premium has been con
stanily increasing, and has always been
ahead of the supply. This association is
probably the largest in Wheeling, it having
disposed of about thirty-6ve hundred shares
and to this number it is adding each week
The PAR value of its shares are one hun.
bred and fifty dollars. This association
meets every Tuesday evening at IL Main
street. r. +. Criswell is President and C.
H. Collier Secretary.
President }. Z. Hanes and Secretary n
G. +. Goering are the officers Of the Econ
Omy. which meets every Tuesday evening al
1906 Market street. 1t has disposed o. be
tween two thousand and twenty-five hun
bred shares, the par value OF each share be
ing one hundred and thirty dollars. 1t hs,
had constant demand for its money at Q
weekly premium OF ten cents per share.