The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1897-07-29
Meets to Talk About Home
Building
LAST YEAR WAS A HARD ONE
BUT THE FUTURE PROMISES
PROSPERITY
Foraker Expresses the Opinion That
Tariff Taxes Will Help the
Builders of Homes
Associated Press Special Wire.


DETROIT, Mich, July 2S.-The Unit
ed States League of Local Building and
Loan Associations opened it fifth meet
| ing toby in this city, with an attendance
of fifty delegates, representing all me
states, about twenty in number, which
have state leagues of local building as
| sociations. President Michael J. Brown
of Philadelphia introduced Mayor May
bury, who welcomed the league to the
| city.
| President Brown appointed commit
tee on credentials, with Irving Rich of
Michigan chairman, and a committee
| on resolutions, and then delivered his
annual address. He said the motto sug-
gested by President Dexter, viz: 1.-THE
American home, the safeguard of Amer
lean liberties" had been adopted by all
| the leagues of the United States. He
said the past year had not been home
| building, but rather a mortgage creating
period, in which nearly all the people
| had had hard struggle. Wage-earners
of the land had sacrificed dgring the last
few years five billions, or ten times as
much as the assets of all the building
societies of the United States.
The president urged that building as
sociations encourage only simple, con-
sentative and economical methods, and
aid in all matters calculated to aid the
wage Garner in saving money and pur-
chasing homes.
| The secretary, H. F. Cellaries of Gin
lcinnati, presented a comprehensive re-
port. 1t showed that the total assets
of the local building and, loan associa-
tions of the United States now amount
| to $59S, 1885, sos, an increase of SIS, 760, $3.50
during the past year. The total number
| of local asscia tons in the several states
| is ATS; the membership numbers &c.
| 800, an increase of IS, III during the year
| The largest proportionate gains were
made in the eastern and central states
where building association interests are
greatest, and the states showing a loss
| in assets are all located west of the
Mississippi river, except Illinois and
Tennessee.
| The secretary submittedla summary OF
| laws enacted in the various states af-
| fecting building and Joan associations,
which indicated more enactments favor
| able to building associations the past
year than during any previous year.
| Illinois, Indiana, Wisconsin, Pennsyl-
"nia' IN 4ia' 80 80.
INC "i,' .. *. =
| building associations.
| Senator Foraker of Ohio spoke of build
| ing associations as prominent factors
40 o., n W.
$3.50, a,.,a tI
~
- ,.';t,, asia4;a 80 ,rood,,
| 49, 80 ~ -
~ - s.ee ,.,1I Ce. 49,
, -. ,.g,.5
na,i.;a tp,,s,,t .. u;n,o 80 a,.
~, NJ npi 49,,
-. -
ne .....iH. 1e1
y, s5.,au. ~.
iiau1 i,t 1870. 49, 49, -,
~ - -, -
~" ''' . i..s ai.e ue ,l.u..
a., .s,-a
i.eioi en-, ne e ,N,l. ~
w" -, M, Ill. -
uoi a'io Aai.n' my 'aia nv
A.. nc uo' ' 49,, 80
ai.ei .ne eVenins Se' E'' .Su =, vi
ioiio" rs 'io, "a' oiAei e' ~ IVA
esaee T., T. .,' EEL u o q.
49, -, IA. - ,s . .a,, 49, - a,tt,
League .na' All iiia 'tel Ga ilis ~ eitn
Ell reils ioii vi poii.ies We ei,ii,iAa'eu I'm
cohSlUeia tioh' eieiiei III ueDo'e VI ia