The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1892-03-06

its inception in the year 1885, Since
that time our list of regular tenants
has been steadily depleted. aud
rapidly during the past few years has en-
abled us to keep our houses constantly
rented. L believe that an examination OF
the books of the leading rental agents OF
this city will show that in the past five
years there has been wholesome exodus
of old tenants into new homes. When 1t is
remembered that not less than q thousand
new houses are built in this city annually
and that 80 per cent. of the builders up TO
that time have been renters, 1t will he seen
what an enormous drain constantly ex-
lists upon the great army of patrons OF
rental agents. 1t is a pleasant fact. how
ever. that with all the building of new
homes. rents have not deprecated at all,
but. on the contrary. there seems to be
disposition on the part of tenants to pay
larger rents than formerly for good. COM
Portable dwellings with modern improve
ments. This regard as being due to the
excellent times that We are now enjoying"
ASSOCIATION NOTES.
The Acme association. of which w. II.
Stringer is secretary. is still rapidly in
creasing Its membership. 1t is ono of the
largest of the downtown societies.
The Advance association reports a steady
and growing business The outlook for
spring building has never been better
among the mem bers of this progressive and
growing society.
The Bellefon taine-street association ex-
poets to build large number of homes for
Its members the coming season. The de-
mand for money is unusually brisk and
large number of loans are assured.
The Centennial Saving and Loan Asso-
citation is doing one of the best businesses
of the MANY South-side societies. It's funds
are In active demand. md the demand for
loans promises to be unusually brisk this
year.
The East Mchigan-street association
Will wind up Its bupiness the latter part OF
this month. the shares having matnred In
five years and nine months. The members
expect to reOrganiZo ut once and start
new society bearing the same name as the
one inst maturing.
The Courthouse Saving and Loan Asso-
Citation, which was organized few weeks
ago by county officials, Is meeting with un-
expected success. There has been q steady
and strong demand for shares of stock, and
the society has made money from the start.
All or the county officers are directors.
The Franklin Building and Loan Assocla-
tion of which w. A. Rhodes is secretary. is
doing large and very prosperous business
1t has several thousand shares In force and
its weekly collections mount high into the
hundreds of dollars. The funds are in con-
slant demand and its members are building
many new homes.
The DANA association has inst ended it's
third year of existence. and enters upon
the new year with excellent prospects of a
steady increase. This society does q gen
eral business all over the city and does not
con!ine its efforts to any special locality.
The indications are that this Will be the
most prosperous year In its history.
The FOuntaln-sQuare Saving and Loan
Association, as its name implies, makes it's
headquarters at the end of Virginia avenue
where there is a very large population, the
majority OF whom are owners Of their own
homes The society. although one of the
youngest in the field. is doing . very pros
porous business and Is receiving accessions
steadily.
The Economy Saving and Loan Associa-
ton. of which J. L. Francis is secretary
has attracted q large membership to It's
books By its excellent plan of work and
liberal inducements to borrowers as vel.
as investors. The coming building season
promises 10 be a profitable one. as a large
number of the mem bers of this association
have sigDIfed their intention of building.
The Indiana Central Saving and Loan
Association growing steadily. The di-
rectors are all well-known business men,
who give the affairs of the society much
personal attention. This. In turn. is aiding
the building MP of a large and progressive
association. The membership has dou ed
within the past few months. and there
promises TO be an unprecedented demand
for money during the coming building
season.