The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1895-04-02
N LOAN.

Referring to the Dec. 31st, 1894, state
ment of the American Home Building
and Loan Association of Richmond,
Va, Just filed with the Auditor of State,
which we publish in another column of
this paper, would say we consider their
statement a splendid showing for the
first II months of it's existence. The
Association comes to us well recon
mended for it's fair dealing with the
shareholder, and with a plan that en-
bodies all the essential elements that
appear to be equitable to all.
The american Home" has now en-
tered upon its second year of successful
operation; has over Is, 900 shares in
force, and upwards of one hundred
local branches established in the thriv-
ing towns throughout Virginia, West
Virginia, North and South Carolina,
District of Columbia, Delaware, Mary
land and Pennsylvania.
The American Home" Building and
Loan Association, of Richmond, Va,
claims for itself that the officers, from
it's President down, are gentlemen of
high character, that have the conf
dence and respect of the community in
which they live, and are known to be
successful and substantial business
men, and we refer to the whole bust
ness community of Richmond, Va for
a verifcation of that fact.
The management being in the hands
of reliable and competent gentlemen,
assures the successful future of the e
terprise. Mr. Otis FL. Russell, the Presi-
dent, late postmaster of the Clty of
Richmond, has been for twenty-four
years in the service of the government,
and during this time, has handled $43,-
900, 600, probably the largest amount Of
public money yer collected by any
Officer in Virginia. Major A. W. Gar
Der, the Vice President, is an old Staun-
ton man. and is well known through
out the Valley, as we'll as in Richmond,
as most successful in all enterprises
with which he has been connected.
Col. J. A. Pattee, the Secretary and
General Manager, is a veteran in the
building and loan field, and was prob
ably the pioneer in this line in the
State; at least as far as Nationals"
are concerned. Thomas E. Swain was
born in Philadelphia. Pa. in 1847, was
nephew of the late VIM. M. Swain, the
founder of the Philadelphia Public
Ledger, which was afterwards pur
chased by George W. Childs. He was
educated in New York City, moved to
Indiana, where he became identified
with the Big Four Railway, where he
remained until 1889, when he became
connected with the @. & 0. Railway
as Travelling Auditor, and which posi-
ton he still occupies.
S. s. P. Pattes0n, the General Attor
ney, is a native of Virginia, having
been born in Amherst county, D3cem-
Der 18th, 1856; was admitted to the bar
in 1877, and has resided in Richmond.
Va, for the past seventeen years.
During that time he has been in the
active and successful practice of his
profession. Mr.. Patteson has had q
number OF years experience in the
building and loan movement in this
State.
With such a personnel in it's directory
and a plan 80 attractive, it may be ex-
pected for this Association q continual
ton Of the success that has marked it's
progress in the past.
The Association dOts not speculate.
AllmOney receivedfrom payment upon
stock is loaned to members upon first
mortgages on real estate as fast as re-,
ceived, which is repaid in small month
~ payments, equivalent to the actual
mouse rent for such property. Loans
limited to 81, 200 each.
1t is the policy of the AS 5ociation to
employ only agents of the highest
character to represent it.
For further particulars and agency
contracts, address, j. A. PATTEE,
Sec'y and Gen1 Mang'r.
Box SIS, Richmond, Va.