The Roanoke daily times. (Roanoke, Va.) 1895-1897, 1895-10-31
THE IRON BELT.
JAS. IL. Terry Elected Director and e
B.Jacubs Secretary.

THE IRON BELT.
JAS. IL. Terry Elected II Director and E.
Is. Jacobs Secretary.
At q meeting Of the board OF directors
Of the Iron Belt Building and Loan AS
ISOLATION hold on the Goth instant, Jas.
r. Terry was elected as 3 director to fill
the uneXpired term made vacant by the
death of Col. John OFT mir. Terry will
assume active charge of oil of the cons
pany's real estate and will superintend
the renting, repair and sale thereof.
e b. Jacobs, who has for the last
year been the efficient assistant to the
secretary, and also the actusry of the
Association, was elected on the Goth in
slant to succeed Mr.. OFT as secretary.
The association is fortunate in hav-
ing in its service and being able to ad-
vance to this important position q gen.
tleman OF Mr.. Jacobs ability and wide
business experience. For seven years
prior to his connection with the Iron
Belt Mr.. Jacobs occupied positions OF
Importance and trust with the Norfolk
and Western railroad.
The association has issued the follow.
ing circular to its members in relation
to the appointment of its new secretary:
ITO the Members of the Iron Belt
Building and Loan Associations:
THE directory Of the Iron Belt an
nounce, with deep regret, and sense Of
personal loss as we'll, the death Of John
OFT, the valued secretary of your as
ISOLATION, who, since the org aniza,ion of
the company, has so acceptably dis
charged the exscting duties of that
office. To fill the office thus made
v,cant the board has appointed Edward
Jacobs, the assistant to the late
secretary, and the present actuary of
no To
man OF high character, for several years
personally known to every member Of
your board of directors. He brings to
the discharge Of hi, duties wide bust
ness experience and thorough knowl.
edge OF the principles of the building
and loan business. Having been identi
fed with the company for the past year,
Mr.. Jacobs has, by his efficient work,
especially during the serious illness of
his predecessor, demonstrated his entire
fitness for the office. For the future
the actuarial work Of the company will
be devolved upon the secretary, and the
Office expenses will be correspondingly
curtailed.
THE management will continue In
the future the conservative policy that
has characterized the Iron Belt Build
ing and Loan Association in the past
During the long period of business de-
preston, your Association has promptly
| met every demand for stock loans and
/ Withdrawals, and, whenever the security
was adequate, have also allowed all APP
plications for loans upon real estate
coming from its members. During that
time they have not thought it wise to
prees for new business. Persuaded,
| however, that the revival in business,
especially in the manufacturing and
industrial towns, will now warrant good
and safe results, we have begun vigor-
GUS canvass for new business, through
reliable and experienced agents. The
results have been most gratifying. The
times are now ripe for an active Canvass.
The Association Is prepared to make
| quick loans to its members whenever
the security is entirely adequate under
| the rules.
I'VE invite the cooperation Of all
of our members in the WORK of enlarg-
ing our business, but especially that of
our local agents. In the future all COM
municstions should be addressed to the
Iron Belt Building and Loan Associa.
ton, and all checks and remittances
made payable to e. B. Jacobs, secretary
"PEYToN L. TERRY,
president.
"HENRY S. TROUT.
~. G. DAVENPORT,
rs. w. JAMESON,
Executive Committee.
Roanoke, Va, Oct 90, 1885,"