The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-04
TO B. { |. SOCIETIES
CENTRAL BODY PROMOTERS
+ ISSUE LETTER.
Advantages of the Proposition Elk.
plained-Purpose Careful Scru-
tiny of Legislation.

The following letter has been sent to all
the building and loan associations in Essex
County:
AT a meeting of a committee appointed
by the chairman of the conference called
to consider the ACCESSIBILITY of forming an
organization comprised of representatives
OF the various building and loau assoc;a
tons conducting their business in the
County of Essex and contiguous territory,
the undersigned were appointed to com
municate TO said associations the plan and
scope of the proposed organization. IN
pursuance of such authority we hereby
submit to your association an outline OF
the general scope of such organization.
1T is not proposed to interfere In any
respect with the internal administration OF
the various building and loan associations
represented In the central body, nor to
adopt general rules conflicting in any. way
with the plans, purposes or methods OF
such associations. The object of such
central organization shall be confined to
promoting the welfare of all associations
incorporated under the Building and Loan
Association Act, and this object, 1t is sub
mitted, can be attained more fully through
union and cooperation than through the
efforts of the Individual associations work
ing wholly Independently of each other.
IT is proposed to form a central body
which shall meet every two or three
4nonths for the purpose of discussing sub
Jeets of general interest to building ano
loan associations. 1t is planned to have
addresses delivered by authorities on the
various phases of the building and loan
association movement, and to have a gen,
eral discussion of such matters as anec'
means of the information impaired
through the resulting interchange of views
solutions of the numerous perpleXing ques-
tions which inevitably arise at times in
the administration of all building and loar
associations will be arrived at, and new
light thrown upon the adjustment %of'suct
difficulties as lend TO hamper the growti
of such associations.
THE committee also feels that the vel
fare Of the various associations requires
the exercise of some supervision over such
proposed laws affecting building and loar
associations as may be introduced into the
legislature. So long as associations refrain
from cooperating for their mutual bene'
nj the power exercised by nose aGtlns
be weak and futile in influencing legisla
ton; but If the associations should decide
to cooperate In the promotion of theiI
general welfare, they will become a power
for good In their opposition to vicious
legislation and their advocacy of legisla'
tion beneficial to their mutual interests.
THE fee required of the associations
which decide to join the proposed centra
body will be but nominal ~(probably rang
ing from two to five dollars per year,; tht
benefits to be derived from such coopera'
your association will lend Its support t
this movement, and will assist in the
formation of a central body in its power
to promote the growth of such influence:
as tend to strengthen associations of thii
| character, and equally strong in the powel
to oppose such influences as tend t.
weaken and enervate them.
"A meeting will be held on Thursday
January 80, 1908, at Reliable Hall, 261 Or
ange street. We trust that your associa
ton will be represented at such meeting
by a committee of not more than five Is
members, authorized to vote on behalf o
| your association on the questions arising
relative to the organization of such pro
posed body"
The letter is signed by Michael ]. Roche
Nathan Kussy and Edw. ]. Maier, the
subcommittee.