Catoctin clarion. [volume] (Mechanicstown, Md.) 1871-1940, 1894-12-06

CHURCH Work CONVENTION - A Church
Work Convention Of the Reformed churches
of Frederick County, Md, was held Nov. Is
-15, in the Reformed Church at Creagers-
town, Md. Tie following topics were dis
cussed. On Tuesday evening, The Christian
Ministry; Wednesday afternoon, Christian
Worship, Motive, Manner and place; We'd
nesday evening, Church Discipline; Thurs.
day afternoon, Systematic Benevolence /;
Thursday evening, Personal Accountability.
Interesting and instructive addresses upon
the above topics were delivered by the min
listers present, to appreciative audiences.
The sessions OF the convention were well
attended, especially the evening sessions,
The good people of Crcagcrstown showed
their appreciation of the convention by list.
ening attentiyely to all Of the addresses ana
by treating the ministers present with royal
hospitality. In addition to the pastor, Rev
G. A. Whitmore, the following ministers
were present and took part in the discussion:
E. r. Eschbach d. D., Revs. Atvill Conner,
A. B. Schafiner, w. sykes and J. r. Lewis.
The Ministerial association ofthc Reform
ed Ministers OF Frederick county, held the
regular b-monthly meeting on Thursday
morning at 8 o'clock. A paper on "The
Conditions for Continued Church Member
ship" was read and afterwards discussed by
the members of the Association.
The visit by the members of the Conven-
ton, in Bro. Whitmore's charge was thor
oughly enjoyed, and we trust that their
presence and addresses inspired the good
people of Creagerstown with increased zeal
in the Cause of the Master.
BY a member present.
AN INTERESTING DECISION Ed.
ward Stake has filed an opinion which is of
importance to building and loan associations.
In 1891 the Hagerstown Mattress and Uphols
try Company borrowed S. 900 from the Mid
die States Loan, and Construction Company,
of Hagerslown. After keeping up the
monthly dues for several years, the mattress
company offered TO pay off the loan and ten
dered the sum of $3,12660 but the Middle
States Company demanded $3,735.98. The
Middle States Company denied the right of
the Mattress Company to participate in any
dividends on the stock held by it before the
same has matured. becau sc they paid off their
loan. They also denied that the contract
was usurious, and contt nded that a subscrip-
ton Of extra shares to stock was required as
premium, without which loans would not
be made. The court says: "A building as
ISOLATION in its relation With it's members is
not lender and the member is not Dor
rover of money. All the members are part
ners in joint stock enterprise. The Stock
holders who are commonly but incorrectly
called borrowing members are simply re-
ceiving in advance the future value of their
stock Tor which advancement they pledge to
the association their stock IN the enterprise
and mortgage their real estate, and in re-
dempton of the stock and real estate they
are to pay the legal interest at stated periods
on the amount advanced to them, and in ad
dlion, with the members who are not recciv-
ing advancements, make payments is stated
installments of an equal sum toward the ex-
penses of conducting the association, and
another installments and a just proportion of
all the profits and earnings ofthe association
equal the amount advanced to them and in so
doing redeem the stock and also the real
estate mortgaged.' The case will in all
probability 60 to the Court of Appeals.