The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-01-22
THE ROANOKE TIMES, THURSDAY, JANUARY q, 1891.

Of Richmond; the vice-presideut, Major
N. v. Randolph, and the secretary and
treasurer, Carlton Mccarthy.
A local branch was established in
Roanoke in February, 1890, with the
following officers: j. L. Christian, presi-
dent; A. 5. Asberry, vice-president, and
E. +. Coles, secretary and treasurer.
The directors in the Roanoke branch
are James S. Simmons and A. p. Glad
den.
Tho local branch was organized with
$4,000 subscribed, and made loans
within forty days afterwards amount
ing to $4,000.
The association now has $500, 4S0,
subscribed in Roanoke, AMI has made
loans in this city amounting to $50, $50.
The stock natures in 80 months. Tho
monthly assessment on each share of
500 is 60 cents.
Robinson & Yarrell arc the general
agents Of the association in Roanoke.
For tho past year tho deods Of trust
and securities from the beginning were
ST., 400, and from this source of the year
before they were $4,000, an increase of
S24.SOO
The volume of business for tho past
fiscal year amounted to S26,2o0, and for
the year hefore to $4,000, the increase
being $4,000.
MERCHANTS AND MECHANICS LOAN AND
BUILDING ASSOCIATION.
The Merchants and Mechanics Loan
and Building Association was estab-
lished in 1888, with the following off,
cers: s. NJ. Brophy, president; A. S.
Asberry, vice-president; w. L. Baker,
secretary; T. Ii. Bransford, treasurer,
and l., H. Cooke, solicitor
The present officers are: Hermann
Crueger, president; Prof. William Tay-
lor Thorn, vice-president; James r.
Schick, secretary and treasurer, and l..
Ii. Cooke, solicitor.
The directors are: Charles Pillsbury,
c. Markley, +. n. Wade, Harry Patter-
son, and Jacob Harvey.
The total disbursements for tho eight
years the association has been in exist
ence, are about $50, 900. At the begin
ming of the year there wero 24s shares,
money being borrowed on 17415 of these.
1t is thought this years business will
reduce the 1875 shares in force about so
per cent The shares are Of par value
of S100 each.
The association is conducted on the
plan of the old Washington, of Altoona,
Pa, and has done an average business
vi SiV,Ooo JIG paSb year. Inc SCOck
natures in nine years.
At the ond of the fiscal year, April 90,
1889, the report showed that So, 700 had
same period in 1890, the loans were
$1,000, showing an increase of So,7Oo.
The bonds and mortgages from the
beginning for the last fiscal year were
S34, 900, and for the same period of the
previous year they were Sa5, 800, show
ing an increase of 400.
The volume of the business of the as
ISOLATION for the past fiscal year was
$40, 326.25, and for the year previous it
was S6l.075.S5, the increase being
So, 350.40.
HOME LOAN AND BUILDING ASSOCIATION.
The Homo Loan and Building Asso-
citation was organized July %, 1856, and
thorn is president; George w. Ramsay,
vice-president; Il. Il. Barksdale, score
tary, and c. e. Duffy, treasurer.
The directors are j. r. hawthorn,
George w. Ramsay, George 2. Carr,
e. Didier, C. Is. Bell, j. c. Graves,
Phil McEldowney, George C. McCahan,
w. j. Blair, Jr., and Frank Helvestine.
L. w. Miller is solicitor.
The capital stock of tho company is
not limited.
The par value of the shares is 5000,
and tho monthly assessment on each
share is 81. The constitution provides
for the maturity of the stock in 100
months but if the association does as
we'll in tho future as in tho past the
stock will probably mature in ninety
months.
The association loaned to stock
holders up to July %, 1890, S2l, 636.50,
and for the year previous, ending July
ID, 1889, it's loans were Sl3, 1920, an
increase of S7,S71.30.
SILVER EXPLOITATION.