The morning call., 1893-10-18

mistaken. This has demonstrated that
the principles underlying our building and
loan associations are established on solid
foundations and that they form to-day the
best financial Institutions in the country"
Mr.. Naylor the league secretary. read
paper on Maturity Values" written by
Max Meyberg of Los Angeles. the discus
sion of which was postponed until after
the noon recess.
The first paper of the afternoon session
was by f. ': Wright of San Jose. his SUBJ
ject being THE Advantages Of Borrowing
Money From Building and Loan Associa-
tions." Mr.. Wright claimed that there
had been no stronger factor in releasing
the masses from their servitude than build
ing and loan associations, which gave even
poor people something tangible TO hope
and work for and "a way to invest small
savings most judiciously. The kind Of
debt incurred by dealings with such asso-
Citations Mr. Wright declared to be bene-
fit. and he closed by saying: The present
plan offers to investor and borrower the
safest and best method OF borrowing or
investing money that the world has yet
seen"
President Sbarboro followed with brief
paper on "Tne Benefcent Influence of
| Women on Building and Loan AssOcia-
tions," in which he stated tnat the great
success of these organizations IS without
question due to women. 1T is the mother,
/
! his small wages and buy a few shares. The
devoted wife urges her husband to do the
/ same, as she knows the dangers and diff
! culties Of life III crowded flats and longs
| for a real home for her children. Women
! wage-earners, too, are apt to invest their
| savings with US. and when the statistics
! gathered by the United States Labor
Bureau are made public the number of
women shareholders and the amount of
their investments will prove surprising to
many"
Tie remainder of the afternoon session
| was devoted TO the discussion of Mr.. III ey-
| berg's paper. read IN the morning, which
contained many suggestions of much in
! terest 10 the league. During the discus
| sion two days congress of the building
| and loan associations during the coming
| fair was strongly advocated. The advs-
ability of forming local leagues to report
| 10 the State league was fully shown, and
! the subjects of division of profits and tax
alton of mortgages were given earnest and
tull consideration. The principal speak,
ers on the various topics suggested by Mr..
! Meyberg were Messrs. Clark, DennPry
Scheeline. Blank, Sbarboro. Wright, Otis
! and Naylor, and the discussion was of
great interest throughout. Mr. Meyberg's
letter was finally referred to the CON-
mittee on resolutions.
The first business of the evening was
resolutions. The resolutions presented
and adopted recommended to all the asso-
Citations connected with the league the de-
STABILITY of uniformity in the manner of
conducting their business and special in
vestigaton of the partnership plan" of
distributing profits. The formation of
local leagues where practicable was urged,
and the executive committee was asked to
render all rossible assistance in this mat
ter. 1t was also recommended that the
amount of loans given TO the Assessor
should be not more than the cancellation
value thereof at the time the account is
rendered, and that two days convention
should be held in May next, beginning on
the last Tuesday of the month, two dele
gates from each asso citation being invited
to attend.
Mr.. Wright. Mr.. Ravenscroft and Mr..
BLANK were appointed committee to in
vite outside associations to Join the
league, and it was ordered that certificates
of membership should be issued signed by
the officers.
The papers of the evening were: ''Im-