Bisbee daily review., 1909-04-08
BUILDERS OF HOMES REPORT
 B|G BUSINESS
Cochise Building and Loan ks- sociatiOn Has Large Sum Available to Loan to Wors- ing Men

The Cochise Building and Lean As sociaticn's annual report. made on March 12, was must encouraging ts the stockholders and should bs 0 the people of the Warren district. ss heretofore buiid'n and loan asSocfs, lions hay come into the district and sold stock 10 build mp other trWus. There is something over s4e.000 ge ing out of the Warren district t'srOuEs building and leans, and very IittJs Of that money returns to B'sbee. The annual r=port If the Cocaise Building and Loan association shows ssf !0ds 1 loaned out. and at their next meeting which will be held on April F. they announce S20.00o available to bs loaned cut
 The Cochise Building and Loan as soc on is a local concern, organ ized for the purpose of building homes 1 for those who are not owners at pres ent. a The following foremost citizens re represent the Cochise Building and Loan Association: George E. Buxton, pres dent: J. E. Curry, vice president: NJ. J. Cunningham, secretary and treasurer: A. T. Sowle, C. W. Moon. c. l.. Caven, c. H. Holz. Jacob Schmidt gnd L. c. Shattuck
 T1e association has two classes of | loans. Stock "A" is loaned to tho miner who is working for any of the ' companies. Stcck ''B'' is loaned Co the stockho' 'dsrs. and when there is no applications from the stockholders | is loaned to any one who tSe directors 1 may see fit to lean to. The .sssoctz ton has notified the stockholders thai there is money in both class "A" and class ''B'' to loan this month and tc get t'seir applications in at cDce, as the association has many applications for loans other than those made by the stockholders.
 The history of all towns that aaSs been built up and are known as tosns cf homes, such as Philadelphia. which is known the world over as tSe town of homes, Is the history of building and loan associations. They hSSs given the wage earner an opportunity to hu'ld a nice home on sman month lv pavr,an's and long while to ra7 it in. were Ctherwiee he would never be able 10 cwn home.
 The Cnchise Building and EcaH AssCciat'on shculd be backed by gy erv business man of Bisbee and the Warren district and all these who are interested in their home town t
 makes better citizens, better schososs less taxes and keeps tAouSands Of collars at home that otherwise would
 20 tn 7sip build uD cther towns. Bg
 buying stock of the local assoeiasiOr money is same. Smell amounts draw l interest and the owner can draw oul
 Ire wage earner cannot get n1oHsl
 to build and he has to own t0t
 Merchants d0 not lose bills whers
 reoTIe own theiE own homes. Thrnugf
 tHe cperat'Cn of such companies th'
 Warren district in a few ysars wiL 6 be tse equal of any for its beSsfy | i anu usements. city parks. coustrJ
 clubs. theaters. street railroads. ctr The peorle would become more sci tied BiSbee would soon have stat
 srd county fairs and in less than 2
 mont1s would be the county seat Q Ccrhise county.
 There is not director of the Ss soeiaticn who draws cent. He buy l stcck as any ctier member and ha prcfit is just the same. The assoc1s 1 ton vas croanized for the TsSsol . ! that other districts were going ahszi | and 1t was found out that it wal [ fu'ldine and loan associations t52 ! were doing it.