The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1908-01-31
100 Representatives Of As.
sociatiOns Arrange for
State Organization.
AN EYE ON LEGISLATION
Intend to Seek lawmakers AS
sistance.. To Call Meeting for
Next Month to Elect and
Adopt Constitution and
Bylaws.

About one hundred delegates from
various building and loan associations
in the State attended a meeting last
night of a committee of ten represen-
tatives of such associations when plans
were submitted and adopted to form d
State organization, for the strengthen
ing of the building and loan movement
in the State, the securing of legislation
TO allow minors to take stock in such
associations in their own names, with
out the appointment of guardians.
which now occasions a great deal of
annoyance, and for the betterment of
general conditions both as regards the
associations and the investors in stock
of the various associations.
Tit committee, Nathan Kussy, Ed
ward j. Maier. Frederick c.. Stickel,
Henry Cort, Max Sacks, Joseph A.
Bray, of Orange; A. H. Van Ness,
Michael p. Roche. Scott German and
s. Arthur Bates, submitted a constitu-
ton and a set of bylaws, which were
discussed at length. The delegates
from the various associations, of whom
fourteen were authorized to vote,
unanimously agreed that the idea was
good, and the committee was requested
to call a meeting the. latter part OF
February to organize and adopt the
constitution and bylaws.
1t was also decided to dra6 a cir
cular letter explaining the objects for
(which the organization is contem-
plated, and a copy sent to every dele
gate representing the various asso-
Citations at a meeting held last Deem
Der, as well as to every association in
the State. The letter will also state
that organization will be effected at
the contemplated February meeting
and that officers will be elected.
Under the plan as proposed no asso-
citation will lose its individuality, nor
will its methods of conducting business
be interfered with. the idea of the
proposed organization being for the
purpose of mutual cooperation in the
field and the creation of q general
movement toward securing more ia
vorable Legislation thar is now en-
joyed by, building and loan associa-
lions. ..es,t t..re~~.~
James J.. Matthews, Of the. Reliable
Building and Loan Association, acted
as chairman OF the meeting, winch was
held at Reliable Hall. 261 Orange
street, and Edward J. Maier, of the
Beneficial Building and Loan Associa-
ton, of 424 Washington avenue was
secretary.
Michael P. Roche, of 776 Broad street,
is the prime factor in the movement,
and when seen by an EVENING STAR
reporter today stated that it was the
best thing that could be contemplated,
not alone for the associations. but for
the youth, the manhood and woman
hood, the rich and the poor of the
State. ut will teach them to save and
we desire a large publicity of the mat
ter said he. I'VE wish to encourage
the boy who earns a small wage to
put aside something, il only ten cents
n week, in preparation to meet the
rainy day that generally to
every life"
Mr.. Roche said that twenty-five Or
CARNATIONS have already expressed
their desire to join such an organiza-
ton, n that, in his opinion, nearly
every society in New Jersey will come
into the fold within the next six
months.