The Roanoke times. (Roanoke, Va.) 1897-1977, 1897-01-31
SALEM NEWS
EDWARD JETER, REPORTER.


ncssee has decided that when property is
coniiscated to building and loan nssocia.
tionS, The stockholders must return To
the borrower the amount of money paid
in up to the time of foreclosure, it would
be well for other courts to take notice
We haven't space in this article to dis.
cnss the merits or demerits of the legal
contracts entered into by the borrowers
and lenders, but we do say that nearly
everyone in Salem who has joined these
modern Fleeing machines, gotten up for
the benefit of II few stockholders and sal
aried officers, have either lost, or will
lose their homes. tits time to call Il halt
on these organizations, who ostensibiy
loan money Tor 6 per cent. to the moor
man, and whose-.real profit is about 20
per cent Hundreds of homes in this 10.
cality have gone to fill the rapacious
NAV of this nineteenth century product
of human cunning, which is still further
depletin" the poor mans earnings to en-
ich the pockets of city financiers Build.
ing and loan associations are IL delusion
and snare, aud whatever may be the
decisions of orr Virginia courts, it is get
ting time that the people know it,
The Choral Society met Friday night
for organization at the home OF f.. b.
Wilson, with sixteen members present
About eighteen others have significd their
Willingness to become members of the
organization, but did not attend Oh ac-
count of the Indictment weather. Officers
were elected but not permanently their
election being subject to IL full vote,
which will take place ut the next regular
meeting, which convenes on Monday
night ut Mr.. Wilson's home 4 com.
mittee WAS appointed to select name
for the society, which will report at the
next meeting. james Wiley will proha-
bly, he chosen rs musical director \
full meeting is hoped for Monday night,
when the plans of the organization will
be perfected.
The cold wave has well nigh spent it.
self, tie mercury standing yesterday af-
ternoon ut ~ degrees above freezing
During the three cold days here the Gov.
eminent thermometer registered 3 above
zero Thursday morning, = above Friday
morning, above Saturday morning
Skating is the order of the day, and the
young people have been making merry ON
the ponds and river.
There will be regular service, mt all
the Salem churches to-day, morning and
night, the only thing out of the regular
order being meeting of the presbyter.
ian elders directly after the morning ser
vices, to elect II Sunday school superin
tendent, to fill the vacancy caused BY the
resignation OF J. II. c. Brown, .Jr.. who
has for some time past filled the position
acceptably and faithfully.
During the recent cold spell Joseph
TruXell, a grandson % John \. Gish. had
both ears badly frozen while on his way
from home to the Hanging Rock school
house.
O. l.. Stearnes, the ice king contractor
has iilled quite number of houses this
week with ice. 1t is OF superior quality
and about five inches thick.
Mrs. Hold, of Alabama street, has
gone 70 Rocky Mount TO attend the bed
side Of Mrs. Strayer, who is reported as
being very ILL.,
George Grote, who has been on ii visit
TO friends at the home Of j. y. Saul, re.
turned Friday evening to his home in
New York.
The thichest ice of the season WAS on
Yesterday cnt from the Dirguid dam on
Roanoke river. being seven inches in
thickness.
Friday night j. c. Lan.horne's mill
had TO cease operations on account of the
heavy zee, but resumed again on Saturday
morning.
w. &. Hrrt and County superintend-
ent Il. c. Stearnes are able to he ont again
after a protracted battle with the grippe.
+. y. Nhtescl, the Salem plumber,
has accepted "a position in Bueiield, and
left yesterday evening for the above place.
Miss Bessie Bonsack, after ii visit To
Miss BESSIE Wiley, on Broad street, re-
turned home yesterday.
w. w ballard, .Ir., IL cadet from the
\. NJ. l., is on a visit 10 his parents on
West Main street.
The five children of l.. w Overstrcet,
who have been sick with the measles, are
all improving.
Bowling HUBBARD has been quite sick
for the past few days ut his home in West
Salem.
Jno. y. Garst, the county assessor, has
gone TO Richmond, to be absent several
weeks.