The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1909-11-08
Report Of Building and Loan
Associations of State.
Their Resources Total Nearly
Ten Million Dollars.
GAIN OF A MILLION.
And Seven New Associations in
the Past Year.
Are Town Builders andPeculiar.
ly Interest Wage Garner.

| Bank Commissioner J. N. Dolley to-
day issued a statement of the condition
erd resources of the building and loan
associations OF the state that makes a.
remarkable showing in it's way as the
state bank statement recently issued
from this office. the total resources OF
the 81 associations of the state is nearly
| 10 millions of collars. an incl ease OF
about a million over year ago for the
| 81 associations then in existence.
! The Building and Loan association is
the greatest of town builders. Pro-
perly managed and conducted it offers
| the best chance in the world for the
man on a salary to save money or to
own his home The B. & L. builds mora
houses in small towns than any other
ere agency. The man in moderate cir
/ cumstances with an ambition to save
money is always interested IN b. q L.
news. In Kansas the B. & l.. associa-
tons are under the supervision of the
| bank commissioner just as are the state
banks. The object of the state is to
see that these organizations are con-
Quoted along sane and safe business
lines for the protection of the middle
classes of people who largely support
them.
The statement of the B. & L. associa-
tons of Kansas at this time makes
fire showing for this important branch
| lions of the ten million total resources
| is represented by loans on real estate
The associations own real estate valued
at SILT 164 and now have 1850, 1873 cash on
| hand They have $SS4,295 in Individual
| profits. 90
There are B. & L. associations in 80
!, out Of the los counties in the state as
| follows:
Wyandotte. 6; Crawford, IA; Shawnee.
| 3; Leavenworth, 3; Cowley, 3; Dickin-
o. HronnyUn06 r.
| vey, 2; Lyon, 2; Neosho, 2; Reno. 2;
Riley, 2; Saline, 2; Sedgwick, 2; Wilson.
| 2. And one each in Allen, Atchison,
Barton, Bourbon, Chase, Cherokee,
Cloud. Finney. Ford. Franklin. Harper.
Johnson, Kingman, Miami, Montgom-
| cry, Pottawatomie, Sumner.
| The report shows the total resources
| of all the associations to be So, 469, 1884. 10
as against SS,54S289.8 5 a year ago. A
| gain of 1921, 09430. There were 81 asso
| Citations in the state a year ago, while
| there are So associations represented in
| the above report.
! A man with a little money or prop
erty can go to a bank or trust company
or individual and borrow enough more
| with which to buy or build a home.
Many new houses are built this way,
especially in the larger and more pros
porous cities. But the man on salary
| who has no resources except his weekly
pay check and who wants to own a
| home naturally turns to the B. & L.
He can save the money then to buy a
| lot and then he can borrow the money
| to build his house. In all the pro-
| gressive states of the west the B. & L.
| has probably been the most important
| factor in building homes. The progress
| Of the B. & L. is the sure Index of the
| progress of the town or city. Kansas
/ has So of these organizations. When
| the state has 100 of them, well con-
Quoted by the best men in every COM
munity, and supervised by the state.
| her growth will just twice as rapid as
| at the present time. And Kansas is
| going a head now at a marvellous rate.
| If the bank statement is an index of
/ the business interests Of the state the
lib. & L. statement is an index of the
| interest of the great mass of wage
earners of the state, which goes to form
| the greater part of the whole and is
therefore more vital in its Importance.