The gold leaf. [volume] (Henderson, N.C.) 1881-1911, 1890-02-20

at Cooper's Wednesday $3.50 for all
grades of his tobacco, his highest selling
for $50. Mr. Beck was highly pleased and
bets high on D. Y. Cooper all the time.
The WaterwOrks Question.
According to advertisement the
Town Commissioners met last Satur-
day afternoon to open the sealed pro-
posals for the construction and opera
ton of system of waterworks in the
town of Henderson. A number of bids
were put in ranging in price from 81, 800
to $4,000 year, the specifications call
ing for from so to 70 fire plugs or n.y.
drants. A committee was appointed
to go over and consider the several
proposals, and report at the next regu-
lar meeting. The committee met in
the office of Mr.. A. G.. Zollicoffer Mon
day and Tuesday nights and canvassed
the matter thoroughly. Mr.. J. l..
Ludlow, civil engineer, of Winston,
was in town and was invited to meet
with the committee. Together they
formulated an ordinance embodying
such features as seemed to them adapt
ed to the wants and necessities of the
town, and Mr.. Ludlow was given an
option on the same. His figures were
very reasonable while the agreement
calls for a complete system of water
works in every particular. The mate
rial is to be Of the best quality, the
machinery the most approved pattern,
the work frst-class, and the service
bang up every way.
However, the matter has not been
definitely determined in favor of any
body yet, and it may be that no one of
the bids will be accepted.
Calvin Barnes, from Wilson county, sold
a big lot of fine tobacco at COOper's yester-
day for fancy prices. His check called for
the neat sum of s., 1929. Hurrah for WI.
son county and C0Oper's aodreh0ase!
BUILDING AND LOAN ASSOCIA-
TIONS.
Great Factors In the Growth and
Property Of Towns and
Communities.
At no time perhaps has such interest
been manifested in building and loan
associations throughout the country, or
have there been as many in existence
as now. And while there may be good
features in all, the North Carolina
Building and Loan Association of Char
lotte, is considered by many to be the
best that has yet been offered the pub
lie. From the Wilmington Star of re-
cent date we take the following;
Hundreds of the people of Whining
ton are stockholders in one or more OF
the Building Associations now in sue
cessful operation here, and it is certain
that nine-tenths of them read with a
keen relish everything they see in the
newspapers pertaining TO these organi-
cations. For this reason the Star
prints all matter Of that kind within its
reach that can serve a useful purpose.
In this connection, it may be stated
that the Building Associations in Char
lotte are among the most prosperous in
the country, and the following encour-
aging facts are taken from recent
number of the Necs::
"The Mechanics Perpetual Build
ing and Loan Association of Charlotte
has closed up its third series, and On
March LIST will oprn the fifteenth series
of stock. The career of this Associa-
ton has been one of success from the
very start. It has been ably differed
and its affairs have been conducted
with remarkable success. The Asse-
citation has just closed up the third
series. and the result is highly crafty
ing; being important, too, in demon
the value of Building and
Loan Associations to a community.
The winding up of the third series of
the Mechanics Perpetual shows that
the stockholders in that series realized
10 per cent. profit on their investments.
The series was wound up in five years
and eleven months.
speaking to Neps reporter to-day,
an officer Of the Mechanics Perpetual
gave several illustrations of the money
saved to various parties by an invest
ment in Building and Loan stock. One
colored woman was paid s400 in cash,
and another s1.1OO. at the closing of
the third series; money that they
would otherwise never have saved.
The building and loan is the best kind
of savings bank, and the Associations
here have worked wonders in the way
of enabling our people not only to save
up money but to build homes.''
None of the Wilmington Associa-
tons have been in existence long
enough to close up any of the series OF
stock, but the Homestead and Loan
will close its fourth year next August,
and will, according to conservative es-
Inmates, wind up its first series before
the end of its sixth year. Some of the
directors place the time at FIVE and a
half years.
1t is gratifying to be able to state
that the Wilmington Homestead and
Loan" the * Citizens" and the g Me-
ckanics' and Home. - are all doing well,
aud their progress is highly satisfactory
both to borrowers and borrowers.
An Association has also been recently
started by the colored people, and that,
too, it is confidently believed, will
prove both useful and profitable to its
stockholders.