The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1891-10-16
BUILDING AND LOAN MEN.
The Executive Committee of tho National
League Meets Here.


The Executive Committee of tho National
League Meets Here.
The executive committee of the
League of Southern National Building
and Loan Associations met at Hotel
Roanoke yesterday afternoon. There
were present John Hanson Kennard,
president OF the league and chairman of
the executive committee of tho New
Southern Building and Loan Associa-
ton, New Orleans; e. III. Paramore, Sec
rotary of the league and Of the league
executive committee, OF Huntsville,
Ala; 0. G. Cole, of the New South Ma
tional, Cumberland Gap, Tenn; M. II.
De Vault, secretary of the lIolston Ma
tional Building and Loan Association.
Bristol; Bird M. Robinson, Holston Ma
'tional Building and Loan Association,
Bristol; John OtJ, c. II. Clark, d. b.
Jesse and Capt c. A. McHugh, of tho
Iron Belt Building and Loan Associa-
ton, of Roanoke.
The committee was in session during
the entire afternoon at Hotel Roanoke,
and one of the most important matters
considered was the passage of the re-
cent alien land law of Texas and it's
effect on the business of the building
and loan associations of the league. At
the discussion 1T was decided to with
draw all agencies from Texas, and all
,holders of stock in any of the associa-
lions belonging to the league will be
notified of this.
license law in Mississippi was dis
cussed at some length. The agency
question was also considered, with the
conclusion that more rigid discipline
In the management of agents was
needed, and it was decided that any
agent blacklisted by any member OF
the league shall be ineligible to do bus.
iness for any other association belong
ing to the league.
This organization, though only
year old, has already accomplished
much in the, way of facilitating the bus.
mess of building and loan associations.
= vile, Ala, August 90, 1890. z. II. Para
more being largely instrumental in
securing the first meeting. At this
meeting the following associa lions were
represented: The Iron Belt, of Roanoke,
by d. B. Jesse; the Farmers. of Nash
vile, by w. II. Raymond; the Farmers
and Mechanics, of Bowling Green, Ky.,
by j. +. Carpenter.
The second meeting was held at
Atlanta, September Is, 1900, and a more
perfect organization perfected. bill
was formulated by the league and,
through the efforts of w. II. Raymond,
passed the legislature of Tennessee.
This law regulates State inspec ton of
building and loan associations, requires
deposit of from S25, ZOO to $50, 900 as a
security for shareholders and bonds for
allofiicers handling the funds of asso-
Citations. 1t is one of the objoc of the
,league to secure similar legislation in
the other States in it's territory.
The members of the executive COM
mittee who are here now are all we'll
known, active business mon of promi.
nence in their respective communities.
Mr.. Kennard, president Of the league,
is e young man and Virginia occupies a
warm place in his heart, as he was
educated at Roanoke College.
w. G. Hall, of the Southern Mutual
building and Loan Association, of
Atlanta, Ca, and one of the prominent
mem bers Of the league, is expected to
arrive In Roanoke to day. Another
session of the committee will be held
this afternoon at = o'clock. After tho
meeting the gentlemen composing the
committee will be driven around the
city by several prominent citizens.
"Aou conference III session.
WINSTON, Oct Isl Special THE
Colored North Carolina NJ. L Confer
ence opened here to day with large
attendance, Bishop Warren, of Denver
Colorado, conducting the opening exer-
ciscs. DIR. Spencer, of Philadelphia
representative of church extern sion
work, and DR.. Gray, of Chicago. repre-
sentative of the Freedman's Aid and
Educational Board, both white, are in
atte ndance.
Still the Gold Comes.
New YORK, Ocs. l5.-[Speciall-Gold
arrivals by yesterday afternoon and to-
days steamers were $50. 600. Tho
total gold received from Europe to dato