The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1897-07-29


States League of Local Building anC
nua1 meeting today in the city council
chamber with an attendance of so dele
gates, representing all the states, abou
20 in number, which have state league:
of local building associations. Presi.
dent Michael J. Brown of Philadelphia
introduced Mayor Maybury. who wei
coined the league to the city and ac-
claimed Detroit as a city of beautiful
homes, more of which, he said. were
owned by their occupants than in any
other city in the country.
"A mans home indicates his charac-
ter" said he, whether it be a palace
or a hut. Men are led into habits OF
thrift and influenced to build and own
! their own homes by the system which
your league represents.
President Brown appointed a COM
mittee on credentials and then deliv-
cred his annual address.
He said the motto suggested by Pres
ident Dexter, viz, The American
home, the safeguard of American lib
critics. had been adopted by all the
leagues of the United States. The
president quoted a statement of Will
| liam George Jordan that Uncle Sans
people have 1883 dwelling houses,
which would make a double avenue
reaching round the globe, with consid-
cradle 10 spare.
Referring to the question of a CEN
trail bureau of information, as dis
cussed at the last annual meeting in
Philadelphia. the president said that
| the difficulty of securing necessary
! financial support would render the
scheme impracticable. He said the past
year had not been a home building, but
rather a mortgage creating period, in
which nearly all the people had had a
hard struggle. Wage earners of the
land had sacrificed the last few wears
s., 900, 000 600, or ten times as much as
the assets of all the building societies
Of the United States.
I'VE have lived" he said, "off of
those who had savings to spend and
homes to mortgage, and the govern
ment has gone into debt by issuing
bonds to raise money, all of which is
charged against the account of the peo-
pie, to be paid gradually. My advice
to any young man desiring to enter
trade would be TO urge him to embark
in a business that low tariffs and free
trade can injure only indirectly; to
enter trade that enjoys natural pro-
lection, and is not dependent upon
written law for protection. | believe
Americans secure work at home that
is now being done abroad" .
The president urged that building as
sociations encourage only simple, con-
servatiVe and economical methods, and
aid in all matters calculated to help
the wage Garner in saving money and
purchasing homes.
The secretary, H. F. Ceilaries of Gin
cinnati presented a comprehensive re-
port. It showed that the total assets
of the local building and loan associa-
lions of the United States now amount
to $59S, 1885, 695-an increase of SIS, $780,
$50 during the past year. The total
number of local association in the sew
eral states is 4.776; the membership
numbers 1910, 300, an increase of 90, III
during the year. The highest proper
tionate gains were made in the eastern
and central states, where building esso-
citation interests are greatest, and
states showing a loss in assets are all
located west of the Mississippi river.
except Illinois and Tennessee.
The secretary submitted a summary
of laws, enacted in the various states
affecting building and loan associations,
vorable to building associations the past
year than during any previous year.
Illinois, Indiana, Wisconsin. Pennsyl-
vania, California, Massa chusetts, Ala
bama and Tennessee passed laws ia
vorable to the progress and perman-
hence of building associations.
Security Found in Local Building
Associations" was discussed by Addi- |
son B. Burke of Philadelphia, editor of
the Public Ledger.
FORAKER APPLAUDED.
Senator Foraker of Ohio spoke of /
associations as prominent /
factors in bringing about the prosperi-
ty that everybody is expecting. They /
come closer to the people, he said, than /
any other factor in their effort to save. I
He closed with a prediction of a speedy (
return of prosperity under the operat-
ton of the new tariff bill. Senator For
aker was heartily appiauded
AT the afternoon session papers were
read by Judge Fl. c. Royce of Terre
Haute, Ind: T. 3. Linsley of Three
of the Omaha Bee, and w. A Shop
pard of Grand Rapids, Mich.
The delegates enjoyed two hours of
recreation in the form of trolley rIcz
around the city at the close OF the af-
LernCon session.
Politics tonight cast a ripple of dis
cord over the annual convention of the
United States League of Local Building
and Loan associations.
The disturbing element crept in
through what was considered an in
udicious reference made in President
Browns address in which the president
Inferred that the low tariffs and free
rade were a decided injury to the
.ountry's business"
Remarks of this character did not
AXE we'll with several delegates of the
faith. They said nothing
tbout it during the day sessions, but
,hOrtIv after. tnp evening session had
begun, the following resolution was
offered by Delegate E. L. Peel of Jack
ION:
Resolved, That it is the sense of
he league that all matters relating to
ither religion or politics be eliminated
rom consideration, either in debate or
,apers which may be read and that
he secretary is hereby requested not I
o print anything whatever of politi-
al or sectarian nature as a part of
he proceedings of this league
A WARM RECEPTION.
There was a warm debate over a
notion to refer the resolution TO the
on resolutions.
John f. McGinnis, of Alton, Ills, said
he idea of bringing in politics ought
0 be condemned by every honest man
resent, whether he believed in pro-
ection or free trade, gold dollars or
ocalled 80 cent dollars. He protested
trongly in the name of the great west
was wrong for the highest officer or
he humblest member to bring politics
1to the convention
An amendment was offered TO send
he resolution to the committee with
to report the same at once.
ut this was strongly opposed.
A resolution was offered by Judge :
.