The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1891-02-18


BUILDING Assoc1ATIoNs.-Doubt-
less but few persons think of the
rapid growth and multiplication of
Building Associations. This gener-
alton saw the beginning of this
plan of saving and home-buying
for the poor. yet it has spread over
the entire land, and now associa-
tions by the hundreds exist in the
large cities, and one or more may
be found in every town and village.
Shareholders in these institutions
are numbered by the hundreds of
thousands, and the greatest of the
shareholders represent new homes
and happy families, which now dot
the land all over. Building Asso-
Citations have become very popular
with the masses. They are patron
lied and fostered by the wage work
ers, the middle classes and the rich,
and all alike share their benefits.
Their rapid increase has attracted
the notice and received the helpful
influence of leading financiers and
philanthropists, and the various
State legislatures have given them
most careful consideration, enacting
wise laws for their protection from
the entertainments of powerful com
binations of capital and for the
protection of those who place
their small savings in their control.
The primary object, and indeed,
the chief object of the Building AS
sociation, is to encourage and foster
home building among those of small
means. a man or woman working
for small wages, and willing to de-
ny themselves in order to secure a
home, may take one, two or three
shares in the Association, paying
fifty cents, one dollar, or one dollar
and fifty cents a week, in a few
years possessing neat and COM
Portable home worth form 1000 to
$4,000. On the other hand, if a
poor man has been saving on this
plan a year or two and sickness ov-
ertakes him, compelling him to quit
work and lose his situation he can
draw out from the Building Asso-
citation a snug little sum, to keep
him along until he gets well enough
to work again, and he can make an
other beginning without being
loaded with debt and be happy in
the consciousness that he has been
able to- keep the spectre of want
from his wife and children.
Again, if he is a business man,
going along in a small way, and
keeping up three or four shares.
and is overtaken by a dull season,
or, by what is as bad, inability to
collect that which is due him, it
may save him from wreck to be
able to draw out and take his $500,
$500 ar $500, of savings to his own
creditors and tide himself over the
trying time.
Building Associations have thus
helped thousands of men, hence, to-
day they have strong hold upon
the affections of the people. They
afford a safe mode of laying up
money against the rainy day, and,
at the same time have it earning
something. Building Associations
have proven themselves to be as safe
and remunerative an investment as
can be found, their percentage of
losses being as small as any and
much smaller than many. One
thing that commends it especially
is that, it is located at home, con-
trolled by men whom you know,
and whom, as shareholders, you
help put in charge of your interests
Your interests are theirs and thus
you have the best pledge possible
for careful operation of the bust
ness. Lockland, Reading, Wyo-
ming and all the surrounding villa
ges are full of evidence of the good,
wisely conducted Building Associa-
tions can do, and we believe our
citizens generally would do we'll
to foster these excellent institutions
Mama Valley Ne,cs.
The Huntington Gazette says of a
former resident of Pomeroy, whose
father now resides in Mason City:
'John Rau has sold the business
block occupied by Snider Bros.
bakery, to the Odd Fellows Lodge
for 81 900. Rau bought this building
and the one adjoining it about a
year ago for $4,000. He has sold
both of them now, getting for one
$4,000 and the other $1,000. A
very clever speculation.
GLENwOoD ITEMS. Prank Lurk-
field and wife left this place for
n