Omaha daily bee., 1901-02-18
IDEALS IN BUILDING LOANS
Make workineman Director and
Have Faithful Attendant mt
Meetings of Hoard.

| DAYS session OF the annual convention OF
United States Building and Loan associ
alton opened with a fair attendance. A
paper on New Conditions-How Shall We
| Meet Them" was read by s. Simms Of
| Pontiac, III.
During the afternoon session papers were
| read as follows: "a Comparison OF the
Statute Laws OF the Several states Relat-
ing to Building and Loan Associations"
| by Gerald Fitzgerald. Grand Rapids, Mich;
Benefits of the United States and State
Leagues" by Joseph X. Gamble OF phila-
delphia; Pending Changes in Plans and
Management" by John z. Huffman Of New
| Orleans; THE Future and Betterment Of
Building and Loan Associations" by c. H.
Reynolds, Dubuque, Ia, and "Watchfulness,
tho Prime Factor in Successful Building
and Loan Associations" by c. B. Gillespie
| OF Dallas, Tex.
The following officers we're elected: Presi-
dent. George n. Kostmayer. New Orleans;
first vice president G. s. Hartough Kan
sas; second vice president Gerald Fitz-
gerald, Michigan; third vice president
James Clarency. Philadelphia; secretary
H. r. Cellarius, Cincinnati; treasurer. Jo-
seph X Gamble. Michigan.
Putin Bay was selected as the next meet
ing place OF the association.
Robert 7. Corson OF phiIadelphia a
staunch supporter OF the parent system OF
mutual associations so strictly adhered to
In the Quaker city. in paper advocating
hrst principles, thus described an ideal as
ISOLATION:
An ldeaI association, to my mind, would
Dc one I'm which the partnership and CO.
o,,, t s.ion IDEA is developed to an extent. 1
M am irec To say, is unusual. but which do
| not believe impossible. The members at
an, drerent times by assignment of the presi-
ueI,, VINO would best know what use he
could make of the material at hand serv-
ing as assistant to the secretary or
.Ieesurer at the monthly meetings. as
members of the auditing or loan committees
and In other ways that suggest themselves
Much that is perfectly legitimate in the
way, way or expenses. where this is not done.
souIu pe saved to the association. and with
pront too, to the member. who thus gains
eNperienee s,I Tor himself while assisting in the
management of the association. Too many
members OF building associations are
utterly ignorant of what is done in the
association; too many deem their monthly
payment all that is necessary or expected
Oh mem and are not some of us. building
associsti as tion officers responsible for this
The building association is a home-buiIder.
lts pisn meets the needs OF people Of small
g ehrhings ana II will accomplish for them
What no other Institution can Its simplicity
is an advantage to the wage Garner. and its
Workings can be readily understood by
iiinf' innt ,bd and h he, knowing others who need
Yust lne heIp the building associa ton lends
Is the most useful of managers II too
frequently happens that men are soupbt
SaI Si.er as directors or managers who, It is
Iahcled, would be of use 60 the associa tion
on account Of their standing i'm the locality
~, ~ Which the association is doing business
think names are OF S,,,, such men as directors,
Duilding association unless they are willing
10 devote their time to the affairs OF the
association In many cases men who's.
names are carried as directors never at
TEND .end a meeting and take no interest in the
association
Take your workingp,o, ayor 4, /, T., 80. =.
wen known, make him a director, he may
not be familiar with the rules of pariia-
nehtary practice but he will be regular in
VIII soon accommodate himself to the situa-
uon, ana In time be of more value to the
association than the merchant who rarely
attends and who has no friend TO whom n
| ouiIdins association is necessary
Hon. Gamaliel Bradford Of Boston read a
paper on THE Moral and Social Effects of
savings In which he traced the develop
ment OF thrift and the home among Euro
pean races and the beneficial effect of those
carry examples on the people of the United
states. He said in part:
The present condition of tho I-,ited
states at the opening of the tventieth n
century may well be described as one OF
tthhs the Wonders ytmrn @ Of the The world What is to be
Slesses Tes,n anv anG reputation 9Spg Separated into
any claims OF rsnk 'aTsdg and Birth and without
an experiment such as the world has never
yet seen. The question is whether its de-
| Nelopment shall be that of seIf-heip OF
| Individual character, of n continuance OF
| those qualities which have made the Anglo
| Saxon race what IL Is; or whether by
Capitalization. by the looking to govern
ment support and officialism by the adj
| vent or milltarism or OF socialism the
| country shall be led away from the tradi-
\ tons or the race and assume those
characterizing the races OF continental
Europe. and still more OF Asia
IL Is our pride and glory that q century
! ago we established the constitution and
the union OF states upon the highest prin-
| ciples which have been worked out In the
| individual battle for freedom. The danger
before Us is. that In the immense evoiu-
| zion or wealth and material power, which
| has resulted al least In large measure from
the adoption OF those principles we may be
| led TO undervalue and forsake the prin-
| cipes themselves. The history of the
| through periods of great prosperity, to
luxury and loss OF principle. to decay and
ruin Nothing in modern development is
more striking than the annihilation OF
space and time through the great scien-
| tific discoveries OF the century 1t seems
certain that political evolution in one di-
rection or another must proceed with a
| correspondingly increased rapidly The
Vital problem before us Is whether the
principles OF education, morality and ma
| tional character have been advanced to a
| point which will enable us to meet and
! turn aside the dangers. which, from their
very obviousness, may furnish the means
| OF escape.