Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1893-09-16
AIEv ANDpTA q AZETTE AND VIRGINIA ADVERTISER

tary, Leonard Marbury: Treasurer,
S. II. Lunt.
Board of Directors: A. H. Smith,
A. A. Warfeld, J. D. Stanton, J. NJ.
Hill.
MECHANICS BUILDING ASSOCIATION, NO. t.
President, W. H. Smith; Secretary,
Leonard Marbury; Treasurer, 5. II.
Lunt.
Board of Directors: Ashby Miller,
A A Warfeld, John I. Sweeney.
MECHANICS BUILDING ASSOCIATION, NO. D.
President, Israel C. O'Neal; Secre
tary, Leonard Marbury; Treasurer,
S. H. Lunt. Worth Hulfsh, R. W.
Arnold, A. A. Warfeld, 4. H. Smith,
THE GERMAN COOPERATIVE BUILDING AS
ISOLATION.
The German COOPERATIVE Build
ing Association, which has been in
existence for over twenty-five years,
enjoys the reputation Of being one of
theforemost, observation-disclosures
Gus in this city 1t started in March,
1868, and has successfully wound up
and closed Nos l, ,, and 3 to the mu
tual benefit and entire satisfaction OF
all connected with it Nos. and 5
are still in operation with No. 6 in
prospectus. 1t has loaned over a
million dollars, and has built hun
dreds of new houses, and improved
and beautifed as many more. 1t has
taught and still teaches, young and
old, the art of saving, laying by a lit
tie fund by degrees for rainy days,
apt to occur. 1t has helped and still
helps tenants to become their own
landlords. The main object of this
Association is to assist members in
acquiring homes, paying monthly on
their houses instead of rent.
The average yearly dividends have
been over six and one-half per cent,
a splendid result on a thoroughly
safe investment, showing an economic
management on truly cooperative
basis-only two officers, Secretary
and Treasurer, receive a small annual
salary.
ANY member can Withdraw and
sever its connection from and with
the Association at any time they feel
so disposed, and receive every cent
paid in with the full dividend declared
to date, while outside Building and
Loan Association require from 30 to
80 days notice for such Withdrawals.
Another great advantage these Alex
andria Building Associations have
over others, is that member can
take his receipt book to any Of our
banks and get money advanced on,
leaving the book as collateral, or if
enough money is paid in to amount
of one loan, it can be gotten from the
Association without giving any other
security.
The officers are: NTessrs. Isaac
Eichberg. President Justus Schnel-
der, Secretary: NJ. b. Harlow, Urea,
surer. Board Of Directors Messrs.
E. L. Downham, e. L. Price, J. T.
Nails. Robert Aitcheson, Fora Hill,
and Thomas HOY. Attorney. Albert
Stuart.
The Alexandria Perpetual Building
Fund Association, the officers OF
which are Messrs Park Agnew, Pres
ident; Justus Schneider, Secretary;
NJ. B. Harlow, Treasurer. Board OF
Directors Messrs. w f. Creighton,
Thomas Hoy, Levy J. Hurdle, ". Z.
Graves, Fora Hill. Attorney, James
r. Cation.
1t is managed and operated on the
same economic and cooperative plan
as the German. 1t has successfully
started last year its second series
with over 1,400 shares. There is an
active demand for loans, which are
readily supplied.
Building Associations conducted
like these on truly cooperative,
economic, equitable plan, are Il bless
ing to any community. 1t showers
its good deeds all over the city. 1t
creates better citizens, makes happy
homes, spreads contentment, and
stems vice.