The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1900-07-25
STATE B. AND L. LEAGUE
THE NINTH ANNUAL CONVENTION
HELD IN THIS CITY.
Papers of Interest Read and Officers
EIected-A banquet ut the
Grand i'm the Evening.

The Saving and Loan Association League
of Indiana held its ninth annual meeting In
the rooms of the State Board OF Agricul-
ture yesterday. There were about thirty
delegates in attendance.
The most of the morning session was
taken up with the reading of the presi-
dents. secretary's and treasurer's reports
The only address made i'm the morning was
that of the president, c. a. Bookwalter, of
this city. Mr.. Bookwalter said recent legis-
lation affecting building and loan associa-
tions had been satisfactory to both bor-
rowers and investors, and the associations,
he thought, had reason to congratulate
themselves on the laws. 1t is true, he said,
that many associations within the last year
had taken advantage of the statute provid-
ing for voluntary liquidation, but only
small percentage of such associations, he
maintained, were Unidentified with the local
field. Like all other institutions. building
and loan associations had been materially
affected by the downward tendency of in
terest rates. According to his best informa-
ton large majority of the associations
doing business in Indiana were loaning
money at less than per cent, while many
CT the larger institutions of this city were
loaning their money at per cent.
The report of the secretary, A. l.. Gutheil,
of Shelbyvile, showed the league to have
a total membership of sixty-two. The re-
port of the treasurer, A A. Young, of this
city, shows the league to have balance
OH hand of s156S4 Two associations were
reported in arrears.
MR.. ROYSE'S PAPER.
At the afternoon session l. H. C. Royse,
OF Terre Haute, read a paper on Trust
Companies Their Relations to Building and
Loan Associations" Mr.. Royse said that
the trust company is one of the most con-
sentative and least liable to failure of all
the banking institutions; that while really
a bank it does not attempt to do the bust
hess most prominent in commercial banks,
and it does not cover the ground of the
savings bank. mortage bank. bond and
stock banks, and is friendly neighbor to
the building and loan associations. cooper
ating with it i'm cordial relations. rather
than as an unfriendly competitor.
In speaking of the trust department of
trust company Mr.. Royse said: 1.-The trust
company Is perpetual, there is no danger OF
change in the administration or trustee.
If IL takes trust ii can be depended upon
to carry 1t through. The trust company
never gets sick, never dies, never goes on
pleasure trip, never takes vacation,
with competent officers and employees,
specially trained TO the work.
Mr.. Royse was followed by Judge K. NJ
Hord, of Shelbyville, with paper on Mar
RED Women as Borrowers in Building and
Loan Associations" Judge Hord declared
that dealing with married women as bor-
rowers is fraught with more risk and haz-
ard than any other class of customers.
"A married woman, as rule" said Judge
Hord. has a keener desire to own and
occupy her own home than the average
man similarly situated. Married women will
exercise more rigid economy and make
greater sacrifices than men to secure a
home and to pay her dues; but when con-
tronted with a threatened or attempted
foreclosure of a mortgage upon her home,
there is no other customer who will so
readily take advantage Of technicalitieS or
be more inclined to invent a technicality
that never existed to save and protect her
home" Judge Hord said that the poets and
artists have clothed all angels in female
earb. but i'm dealing with the realities of
business that must be met by building and
loan associations, they will not be au-
thorized in dealing with women from
either the standpoint of the poet or the
artist. I'VE must deal with married wom-
en-" said he, las human beings composed OF
flesh and blood. with all the passions. i'm
pulses and inclinations known to frail hu-
mainly, and in all our contracts they
should be so framed as not to permit an
unfair and unjust advantage to be taken
through a mere technicality of law; while
otherwise you should deal with her fairly,
openly and honestly"
A WOMANS PAPER.
A paper written by Miss Anna f. Card
will, of New Albany, on ''womens Con-
nection with Saving and Loan Associa-
tons" was read by the secretary. Miss
| Cardwill being unable to be present.
Miss Cardwill said that to the average
woman a saving and loan association &C.
cupies position about midway between a
bank and lottery. THAT it is based upon
sound rules of political economy and math-
ematiZed certainty" said she, las well
as upon a brotherhood of interests is not
within their ken. 1t is desirable that this
knowledge should be acquired by all wom-
en- in any way interested in the associa-
tons. Possessing it, the future of all
properly conducted associations would be
assured.
State Auditor Hart was on the pro-
gramme for a paper on THE Indiana
Building and Loan Law, It's Effects etc"
but owing to a prolonged session of the
tax board ii was impossible for him to be
present.
The following delegategs were appointed
ing and Loan Associations: Judge I. III. c.
Royse. of Terre Haute; John G.. Harring-
ton, Richmond; Judge X. NJ Hord, Shelby
Vile: John WeIch, Indianapolis
The following officers of the association
were elected for the ensuing year: Presi-
dent, L. II. {. Royse, Terre Haute; vice
president, i. b. Orr, Anderson; second vice
president, John r. WEIGH. Indianapolis;
secretary, A. l.. Gutheil. Shelbyville; treas
uTer, A. A Young Indianapolis
The cor1mittee on nominationes reported
{. A Bookwalter's name for reelection
president, but he declined to serve an
other term. saying that his business would
prevent him from giving much time
as he would like to the office The president
will appoint executive committee some
time In the future and they will be notified
of their appointment by the secretary.
After the election of officers the meeting
adjourned until March. 1901
BANQUET At THE GRAND.