Marietta daily leader. (Marietta, Ohio) 1895-1906, 1901-08-17
ANNUAL MEETING
OF the Ohio Building Associa.
tion League.


tions was held in the city of Ports
mouth on Aug. IA and Is, and was
we'll attended The headquarters
were at the Hotel Washington new
hostelrie and one worthy of any city
in the state The sessions of the
League were held in the hall of the
knights of Pythias. Across the front
of the hall was q banner bearing this
inscription Welcome Knights"
and underneath was triangle with
three letters, f.. G. b., at the three
corners. We are not certain what
this emblem meant, but took it to be
good omen and all right. The per-
sonnel of the league was, in intelli-
gence and earnestness, above the aH
erage. Friends of the poor man, yes,
and of the well to do, also, who seek
to own q home and who would never
lie able to do so except through their
instrumentality. Earnest, sharp bust
ness men. The Portsmouth Blade, in
speaking of the membership of the
gathering, had this to say:
Portsmouth has entertained all
manner of conventions in her day
state, district and county. She catches
them ALL from Epworth Leaguers to
Christian Endeavors to Elks, Hari
Garras and Knights of the Sacred
Horshoe; but never has the good old
town opened her gates to shrewder
and moro wideawake body of men
than the bunch that is now doing
business 'in our midst" We allude
to the State League of Building ana
Loan Associations. We have had con-
vontions that brought to our doors
Music, feathers, brass buttons and
nodding plumes, as well as hymns,
psalm tunes and other sacred acces-
ories, but the B. and l.. people bring
nothing of the kind. They represent
business and business shows forth in
their clear eyes, shrewd faces and tux
edo suits, They are men who count,
write, calculate and "hgger" And
net few of them can talk, and, as the
Mill street small boy would put it,
can talk like Sam HILL"
The badge of the League consists
of red ribbon with medallion on it
with picture of modern home
and o. l.. b. A., 1901, underneath.
1t is possible that there has not been
convention in Ohio during the past
year, the members of which repre-
sented as much money or an equal
volume of monetary transactions as
this league of building associations
The latest methods, which are always
the most approved methods, were dis
cusscd the antiquated methods
exposed and held up to criticism.
The figures given show the vast bcne-
fits these building and loan companies
had conferred on Ohio. How the lea
quo had fought for new laws and f.
nally succeeded in securing the pass
age Of the present laws which had
placed Ohio next to the head, Penn
5ylvania being now the only state
that eXcel!s Ohio in the number of
such institutions. The benign inlu-
enco of these Ohio laws can ot be told
tho workings of these companies. all
over the state, can convey an adequate
| idea of the great good accomplished.
The Ohio League of Building Asso-
Citations guards the legislative halls of
the state with tireless vigilance, to
prevent i'll considered unwise legis-
lation, and to insist on such new leg
islation as will advance the cause of
| savings, building and loan associa-
| tions in Ohio. Such organizations
while conservative, can not stand
still, but must move forward and keep
step with the times.
The President, Hon e. r. Hiett,
said in his annual address that "One
citizen out of every fourteen in Ohio
does business with building associa-
tions. The capital invested gives
$25.3G to every man woman and child
in the state. There are 1853 associa-
tions in the state. The gain in as
sets during the year last past was So,
O92 411.SG. The borrowed money ac-
count was reduced from $779, ,25S.S4 to
s544,3OO.74. A system of arbitrary
fees is no longer considered the best
wisdom"
Tho Portsmouth Blade says: There
are six building associations in Ports
mouth, and their aggregate asset.
July 1901 was $S5S, ,SO322. The mort
gage loans amounted to $1250 anC
the unpaid principal of loans $500,
65694. The number of members
depositOrs and borrowers is 4,155
Homes paid for, 1856 The figure
show that one ont of five of our citl
zens is doing business with building
and loan associations"
These annual gatherings of tn
building association workers enabl