Morning journal and courier., 1892-03-07
TO OYSTER POINT.
The Proposed Horse Car Line o
 Howard Avenue.

The Proposed Horse Car Line on
 Howard Avenue. The matter of whether or not a branch horse car railway line shall be put down from the junction of Kimberly and Howard avenues to Oyster Point will come before the board of aldermen tonight. Consid erable impatience at the delay is mani fested by people dwelling along the route. Samuel A. Stevens, secretary and treas urer of the road, said it was proposed to run through cars without any change of cars from the green to Oyster Point or City Point as it will hereafter be known, as the line is distinctively city line He also said that it was not expected that tEe line would pay more than it's running ex- penses, but that they would ask the same privileges from the court of common coun- cils as were granted by the board of public works, viz., that they would be allowed to replace the present pavement and not use Belgian brick, which would bring the ex- pense to about $8,000. As they wish to build the,road ns & means to afford easy access to the new park and to accommodate the public in that vicinity, they do not wish to be put to any unnecessary expendi- ture.
 Ten Years of Saving. The announcement of the annual meet ing of the New Haven Cooperative Sav- ings Fund and Loan association calls to mind the first meeting of the association held in Loomis' Temple of Music in the spring of 1881.
 At that time the saving of money by a regular system of monthly deposits ! was something new for New Haven, and it required no little skill and large stock of patience to | explain to the people the advantages to be derived from membership in such a society.
 l The remembrance of the failure of cer- tain corporations which had an existence in Connecticut years ago was still fresh in the minds of some of the legislators, and | when the application was made for a gen. eral law authorizing the organization of cooperative savings fund and loan associ- ations it was refused.
 However, upon the assurance that the new society was based qpon the same gen. eral principles and was to be surrounded by the same safeguards as the associations
 which had been so successful in Philadel. | pnla ana bOStOn, an 1rOQclad charter was granted to the New Haven association and in July, 1881, the first shares were issued
 Since that time hundreds of persons
 have been identified with the association
 many of whom have learned the value ot l systematic saving.
 Some have allowed their savings, witt
 dividends, to accumulate, but generally
 when member finds few hundred dol
 lars to his credit he looks about to secure
 comfortable home, and in addition to hi'
 savings he borrows enough from the asso
 citation to complete the purchase.
 The directors have always adhered t.
 the same policy as that adopted at first
 viz, perfect security with low rates of in
 terest to the borrower and moderate div
 idend to the depositor. In this way the.
 claim that men are encouraged to be thrift and eventually to become owners of prop erty and better citizens than they woult
 have been without the assistance of sue! , an association.
 . However much may be written in regar to the self-support of the great mass of tn E people, it seems reasonably certain tha
 the Cooperative Savings Fund and Loa
 association, that teaches a man how to be f come the owner of the house he lives il j does much toward solving the problem.