Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-01-11

panv was organized July 1, 1888. Hermann
Schmidt Il president s. Nice: Fisbsr :
yice-presieent, and Charles 4. Loenr y
~ nitsI 4 sSo). 900, OF which Sisl. 100 has
cen subscribed, The pAid.in capital ~
f4s,AsJ: loans, $50, 800; number OF loans,
IS. Of which about 20 were used IN buhd-
ing new homes.
IN BUSINESS POUR TEARS. :.
The Citizens .Bniiding Association; no.
6. was organized December, 1886. with On
Authorized capital of $4,000, OF which
se3. 800 has been subscribed: Fifty.nve
thousand dollars has boon paid In. Sol,ooe
loaned in fifteen loans. about seven OF
which were for new houses. The omceTs
are ]. NJ. Hiltzimer, president b U n
'ey Iee osti,eers Of Citizens BUILDING Asso-
citation. No. 4, are the same as those OF no.
&. except the president, who Is A. y.
Becker. and the authorized capital the
same-s2O0. 900. All of the. capital has
been subscribed, S30. 900 has been paid IN,
and In turn placed on property; tifteen
loans have been made, ninAof when were
{ Mr. Lewis Fl. Blair is president Of the
United Banking and Building Company;
Howard ID, Hoge, vice-president; ana
Samuel &. Elan, secretary. The authorized
csn;tsl Ia S90. 0oO. 600. Of which 81 800, 900
has been subscribed. Since: the company
commenced business last March they have
purchased mortgages TO the extent OF xio1-
700
uoxy- GUARANTEE, AND OLD DOMINION.
The Home Building Company. II. Ca
pors. president, and l.. A. Catlin, cashier
was organized in January, 1887. Inc au-
thorized capital is $500, 000--all OF which
has been subscribed for and $4,000 has
been paid IN; $4,000 has been loanedfor
tin erection of 1876 new houses and Tor lit
ing mortgages on 30 old houses.
The Guarantee Building. Loan and trust
Company has made 140 loans amounting 10
SlOo. 200. The authorized capital STOCK Is
$500, 1000, OF which $ls5,0OO has been SUB
scribed. OF the 40 loans about rs have
been used in putting up new houses. The
officers of the company are: Sol. Cutchins,
president. and w. ID. Rice, secretary.
Charles Z. Miller is president and f. Z.
Tholi is secretary of the Mest-End Build
ing Fund Association. The association
was organized in January, 1881. The au,
thorized capital is 100000, and SlOo,oVo
has been subscribed and paid In. during
the last half year the associatlon Loaned
$50, 900 in rs loans, over bali OF WINCH was
The Old Dominion Building and Loan
Association commenced business in Febru--
ary. 1889. since which time 1t has loaned
about $50, 000 The officers are j.. Taylor
Fllyson. president: Norman V. Randolph,
vice-president, and Carlton Mccarthy;
secretary aud treasurer. The authorized
capital is $40, 600, 900. of which S2,50O,OO0
has been subscribed.
SOLID AS GRANITE.
The authorized capital of the Granite
Perpetual Building Fund Company, which
=. L. 81 <.f EaNr
$500. 600, and the number of loans that
have been made is $50. Of these it is esti-
mated that IT'S were for new buildings. The
amount of money loaned is 5000, 900; the cap
ital subscribed, 1895, 900, and the amount
paid up, $50. 900. The officers of the compa-
nv are John Il. Cooke, president; james X.
Werth, vice-president, and Samuel ii.
Pulliam, secretary and treasurer.
The Capital Building. and Loan Assocla-
ton has an authorized capital OF 81 ,o UNS
600. The capital subscribed IS $270,00O,
and of this $4,000 has been paid In.
About $4,000 is out on loans and about
A5O 900 has been redeemed. Of the ninety
eight loans made about thirty were for
building new houses, and the balance for
the purchase of houses that had already
been built. The officers OF the company
are Charles NJ. Wallace, president, and A.
L. Masurier, secretary
Inc hVohs EhDosA1Ns.
and Title Company has Just commenced
business, but with fine prospect. The
officers are: President, Samuel H. Row.
man: Vice-President, Edward O. Garrison;
Treasurer. George w. Brown; Secretary,
G. Norris Shuman.
Louis Wagner is president, Andrew Piz-
zini. Jr,. vice-president, and nj. K. Bradley
secretary of Educational Building and In
yestment Association Of Virginia. The
authorized capital of the association is
! 81. 900. 900, and of the 100000 subscribe
$3.50, 900 has been placed in Richmond and
Manchester. Eleven loans have been
made in the two cities, five or six of which
were for new houses.
The figures regarding the number of new
houses built by the aid of the several asso-
Citations of the city are in some instances
appropriated, but conservative total
estimate would be 1000. while it is safe. to
assume that as many more dwellings that
had already been erected have been bought
| by money secured from such institutions.
In addition to the benefits the building
and loan associations confer upon those
| desiring TO secure houses, their stock Is re-
| garded as good dividend-paying invest
ment. which, when unencumbered by O
building loan. can be used as collateral IN
borrowing money for business and other
purposes.
The companies are oil making money and
| are doing great work in helping to build
! up Richmond, Manchester, and suburbs.