Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1898-10-11
Baltimore Building and Loan Asso=
citation.

L
The elegantly gotten up and interest
ing work entitled baltimore The Gate
way 20 the South. The Liverpool of Amer
ica." to which we briefly referred here
tofore. contains the following in regard
to one of its most prominent and sub
%stantial business enterprises:
One of the largest, best managed, SAT-
est and most reliable of the building and
loan associations, is that sterling institu-
ton, the Baltimore Building and Loan
Association, of Baltimore City, whose
home Office is at 3o5 Fidelity Building
This association was Incorporated under
the laws of Maryland in the year 1901
1t is organized upon the national plan,
and, like all up-to-date organizations of
its kind, it is designed and directed for
the especial benefit, convenience and
profit of its own membership, enabling
those who have small savings to be taken
care of. to find a safe and sound place of
investment, those of greater resources to
invest at a higher rate of interest than is
allowed by savings banks, whose profits
must be deducted from the increment,
and to enable members to buy or build
homes upon easy monthly payments, no
larger, as a rule, than the monthly rentals
charged for mere occupation and use of
such houses. All those worthy functions
this association performs most ably, com
pletely and thoroughly, and many arethe
families which it has started well on the
highway to pecuniary ease and compare
tive independence. The first mortgage
assets OF this association are 81, 500, 600.
This association is offcered by a number
of gentlemen whose rank and standing
in the leading business circles of this city
gives their names unusual value and
force, as a guarantee of stability and
strength, to any enterprise with which
they may be authoritatively connected.
OF the same representative class is the
Board OF Directors composed. The exec
utive officers are: w. J.. Sneeringer,
President; Robert Rennert, Vice-Presi-
dent; R. Guy Cochran, Secretary; I. S.
Weaver, Treasurer; e. K. Legg, GenI
Manager; Thomas Gaffney, Actuary,
and Fielder C. Slingluff, General Coun-
sci. Directors are: w. ]. Sneeringer,
Robert Rennert, Thomas Gafney, Fielder
c. Sliugluff, Is. Weaver, E. K. Legg,
James S. Woodside and Jacob c. Stone
burner. These gentlemen are promi-
nently engaged in various departments
of bushes enterprise in this city. Mr..
Sneeringer is head of the wholesale to-
bacco firm of S%neeringer & Co., Mr..
Rennert is proprietor of the Hotel Rem
merit, Mr.. Gaffney is an expert building
and loan accountant, Mr.. Slingluff is a
leading member of the Baltimore bar,
Mr.. Weaver was formerly of C1abaueh,
Weaver & Co., Mr.. Woodside is a we'll
known merchant, and Mr.. ~Stoneburner a
retired merchant. The immediate and
practical management of the business of
the association devolves upon Mr.. Legg,
the general manager, and it is he who su-
pervises all the business operation of the
corporation, both here and in the various
States in which it does business, as Vir-
ginia, West Virginia, Maryland, Della
ware, Rhode Island, Connecticut, etc.
He has been general manager from the
beginning of the associations operations
in 1891, and very much of the spIendidly
successful and prosperous condition of
the associations affairs, as revealed by
its thirteenth ~semi-annual statement, is
sued November, 20, 1897, must be credit
ed to his indefatigable energy, enter
prise and progressive methods. Mr.. Legg
is fully alive to the present and future
possibilities of our city, and with charac-
t%eristic broadness of view and liberal
public ipirit, contributes his voice and in
fuence in favor and support of whatever
has a tendency to bring theresource and
advantages OF Baltimore more fully and
clearly to light. He is a member of our
Chamber of Commerce, a director of the
Powhatan Improvement Company, and
president of the Commonwealth Club
The Baltimore Building and Loan Asso-
citation is one of Baltimore's most useful
and creditable corporations, and richly
merits the splendid support it receives.
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