The age-herald., 1901-10-20
BUILDING AND LOAN
 ASSOCIATIONS Popular and Safe Method of FL nanciering by the Masses AMAZING ARRAY OF FACTS Entirely co-operatlve-DoIIars Invest ed in This Plan Do Double Duty
 and Act With Perfect Safety,
 Assuring Accumulation
 
AMAZING ARRAY OF FACTS

sociations in the older states of the union is something remarkable and will prove an interesting study for those who may be inclined to habits of economy. In some sections just now, these associations are numerous energetically managed and popular with all.
 It is not the. spirit of speculation that gives them such preference, but the idea of conservatism and safety-the make home' idea
 The state of Ohio has an inspector of his last annual report he says that these organizations are larger and stronger l than ever before. In that state seven hundred and sixty-three associations show. assets of s1O6 5O2111 Cincinnati leads all other cities of the state in point of assets. It's associations show s2soe5. sso. to equal s107.74 for each man. woman and child of that city. The assets of all as- sociations in Ohio increased ss, OOO. .0OO, ,oOooO over last year.
 | It Is fact worthy of note that more individuals in the United States are in- terested in the stocl1tof building and loan associations. than in any other class of corporations.
 l To illustrate: s,679 national banks with | raid ,,y, oayttaI of ecEo oon noo ,.o o~-,.. s and controlled by 2SS,oOO stockholders: | 5,61S building and loan associations. with | $6o7 11s.07e paid up capital owned and controlled by 2.5oooOO stockholders. The paid-in capital of the Building and Loan Associations of Ohio Is found to be an amount greater than the combined capital of the banks of Texas, Louisiana, Arkansas, Mississippi, Alabama, Georgia, South Carolina and North Carolina
 Birmingham had several building and loan associations of high standing. These have been in operation for number of years, and through their aid hundreds of homes have been built here and in oth- CT cities and towns of the state, and l hundreds and thousands of dollars have | been saved up and returned to their mem bers with good profit.
 Yet Birmingham is far behind the older cities in it's investments in building and l loan stock, showing less than seven dol- lars per capita in these holdings. It has | been suggested that the spirit of specu- lation which has prevailed in rapidly growing Birmingham, has perhaps been instrumental in lettering moro thought full study of the opportunities afforded by these associations here. However. they are growing and are prosperous.
 Building and loan associations have a two-fold purpose-home building and saw ing They. enable persons of moderate means to become the owners of homes by a succession of small payments. The plan is not new, but Is old, tried and successful. The first of these insti- tutions- was established at Birmingham. England. as far back as 17S1; and the object was to enable the thousands of iron workers in that industrial center to build homes for themselves, hence. the glory and strength of England's Birm- ingham
 l The first American association of the kind found it's home in Philadelphia (an- other industrial center) in 1881. and since then the system has fiourished in Penn sylvania, and has spread all over the country.
 l Entirely cooperative, dollars invested under this plan do double duty; and ever act with perfect safety.
 | As a check against extravagance they stimulate the habit of saving by compul- sion. Such securities enable working peo- pie and men and women of small means to become owners of real estate by a much more certain and rapid system established fact that any man is great gainer in happiness and self respect in be- coming real estate owner. The magic of property always enables one to work harder and feel the load less. Such men by small methods benefit themselves and their families and are builders of the community and truly part thereof. He who becomes an owner feels himself an intergal part of the community and is ever more ready to assume full share of his responsibilities as citizen.
 These associations have a strong edu- cational effect, ever teaching and fully impressing practical lessons of business and economical methods. Therefore building and loan associations are public benefactors and deserve every encourage ment and support by the people and by the state.