Goldsboro weekly argus., 1908-10-01
BUILDING and loan.
Charlotte is Moving For a
Fourth One Among
Her Citizens.

MGi UIllLCllO.
The efficacy of Building and Loan
A ssociations as home builders-Ends
its highest exemplification in what has
been accomplished for the develop
m enr OF Charlotte by Building and
Loan Associations.
We copy the following from the
Charlotte Observer:
ttThat Charlotte is destined to NJ ain
tain her lead as the foremost building
and loan city in the South is svidene-
ed by the fact that fourth association
is now being organized in the city.
There are already three large assecia-
tions here-the Mechanics Perpetual,
the Mutual and the Charlottee-and a
charter for fourth will be applied for
in a few days. Effort is being made
to recruit the mem bership of this new
body particularly among the young
men of the city. One hundred names
are desired for the application for the
charter. Mr.. j. Frank Flowers, chair
man of the organization cemmittee OF
the organization committee Of the new
association, has sent our circular let
ters to select number of young men
who are asked to become charter MEM
bers. This letter follows:
"'My Dear Sir: You have been Sc
ected as one Of hundred young men
of Charlotte to join in the organization
of building and loan association.
There happened to be Is gentle
men present about week age when
this matter was discussed, and it w as
the unanimous opinion of those pres
ent that such an organization could
be formed by and among the younger
business men and be operated with
profit and value to the community as
well as to the interest of the incorpera-
tors.
"'We do not feel that it is nsces-
sary for US to endeavor to go into the
merits of these building and loan as
seen the immense benefits accrue to
this community from the three that
have been operated here in the past
and are doing SO much for the Gblic
good at the present, but do desire to
ask that you give the matter careful
consideration, and we trust that you
will decide to become one of the origi-
nal incorporates OF this institution.
we are very desirous to have enc
thousand shares subscribed when the
= Soh .I.c
within the next few days, and we feel
that we will be successful in this 'ef-
fort. Some one will doubtless call on
you within the next few days to talk
this matter over with you, but If net.
do not feel that have been sighted fer
the reason that it will be rather diff
cult tor few men to see one hundred
in the short time we have to complete
this canvas. We are sending you here
with blank on which we would like
shares you will be willing to take in
the original series and return it to the
writer, or hand it to any one who may
call on you to discuss the proposition.
eve feel that there is an exsep-
tional opportunity for this association
to be operated successfully, and we
have selected you as young man ef
energy, ability and standing in the
community, and one whose name will
add greatly to the prestige of the new
organization.
" We believe that if you will become
one of the original subscribers to the
stock of this associa ton, thus becem-
ing one OF it's first owners and pro-
moters, you will soon be proud of your
early associations with it, as we be-
lisve, with your help and cooperation.
that it can be made big success
sit is not to be gainsaid that the
growth and present prosperity of Char
lotte is due in large measure to the op-
portunities and advantages offered by
the three building and loan associa-
tions. Nothing more can be said for
the new association than that it follows
in the footsteps of It's predecessors
THIS DATEaIN HISTORY.