The Mount Holly news. [volume] (Mount Holly, Burlington Co., N.J.) 1891-1942, 1902-08-26
Notes and Opinions.

The Democratic party is still out with
lanterns hunting for an issue. We sug-
gest that it start the idea that the Ameri-
can people are overworked and on the
verge of nervous prostration because of
too much business. We do not see how
that stubborn fact of universal prosperity
can be combated except on these lines.
We are too busy. We need a rest. We
will get 1t with the Democratic party In
power. 1t is great scheme Won't
William J. Bryan strike the keynote in
his own inimitable way9-PGtersoa Press.
1t is just possible that the man who pre-
diets that the automobile has come to stay
is mistaken. The same thing was said Of
the bicycle few years ago, but to-day the
wheel is used by but few persons as COM
pared with the great number that rode 1t
two years ago. The automobile is
novelty and SO long as 1t remains as such
it will be used and hankered after by
thousands who have heretofore been salts
fed with the horse. When the auto comes
within the reach of the average man and
the streets are crowded with them, there
is apt to be a revulsion of feeling and
then the horse will return to its kingdom
State Gazette
Rumors have obtained currency that a
merger of all the trolley lines in New
Jersey may be accomplished If such a
combination should be made, how many
years would pass before journeys could be
taken from Fort Lee to Cape May at
moderate expense, in reasonable time and
without riding behind a steam engine from
the Alpha to the Omega of the wayfaring2
Trolleys have gained possession of many
OF our States, and in too numerous cases
they have interfered with public and pri-
vate rights; and the efforts to set up pro-
per barriers against them for the public
welfare and under the plain meaning of
the laws have been too often defeated.
~. Y. Tribune
The directors of the building and loan
association of Passaic having permitted
William Malcolm, its defaulting secretary.
to walk off to some unknown part of the
universe, leaving the men and women
whose savings he stole to get what salts
faction they can out of tears and impreca
lions, ought to be made to make good the
deficit in the associations treasury.
Had they given careful attention to the
business of the association that the law
required them to, Malcolm's populations
would have been discovered before they
had gone far enough to bring ruin and dis
tress to the hundreds of frugal people
who entrusted their savings to the keeping
of the association officers. State Gazette.
The civil service rules adopted by Sec.
rotary Shaw and Pension Commissioner
Ware will meet with general approval.
Employees of the Treasury Department
and Pension Bureau must not only not
gamble but must not borrow and must
pay their debts. The new rules announced
by the chiefs aforementioned are not to
be found in the pedantic regulations of
the Civil Service Commission. but they
are most creditable in every way. They
will tend toward the development of
honesty in employees and produce better
service to the government. Employees In
most if not all of the great private cor
porations are compelled to pay their debts
upon pain of dismissal from service. It
is good rule to employ in every vocation
even in the matter of employees in city gov
ernments. and there is a suggestion in #
for governing boards to act upon that
would add to their popularity Camden
Courier.
The Jersey City Journal, discussing
building and loan associations, saws: 'Itis
a remarkable fact that majority of the
people find difficulty in understanding the
principle that produces the building loan.
and look upon it as some kind of mystery
when it is a simple arithmetical PROPOSE
ton. Shares in building loan schemes are
generally made for 5000, and it would take
man 200 months to save 5000 if he put his
money In stocking at the rate of one
dollar month. BY forming neighbor-
hood corporation and appointing several
men to act as officers and to collect the
money, each months dollar from a num-
Der of persons can be loaned as a lump
sum to one borrower, who pays interest
on the money and the interest is added to
the fund. This profit reduces the time
from 200 months to about $50 months. or |
ten years or less. The neighbors interest
ed in the scheme serve without pay and
all the profit is divided. That is the basis
of legitimate building loan associations.
The imitation organizations have expen-
sive offices and high salaried officers, with
branch offices, and anyone ought to be
able to distinguish one from the other.
The loan organization is a benefit to its
members and the community in which It
exists. The other kind 10, as rule, a
benefit to Its officers while it lasts"