Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1910-04-27
B. & 1. ASSOCIATIONS
hat Building & Loan Associa-
Ions are Doing in the
4 Progressive City of
4 Charlotte

4 silent powers which perform
Bzir4noiseless operations with the
t results-iit is the same way
th the best artificial influences;
Marlotte is one of the:lsading types
q the progressive Southern city
"a the Building & Loan Associa.
5ns of Charlotte have done more
{ 1bn any one thing else to maks
arlotte grow.
There are four Building & Loan
5soeiations i'm Charlotte. The first
"a most important and oldest one
1.-THE Mechanics Perpetual b. d. i
sociation with 26, 800 shares and
bets of Sl,lO0,oOO. Loans of over
8nillion dollars all secured, and
Ter 90 per cent on improved real
late with not over two-thirds loan
q the value, Mr.. s. Wittkowsky,
Resident and Mr.. r. E. Cochran
#cretary.
The Mutual 3 & L, Mr.. John r.
rr, President, and Mr.. E. K,
eesler, Secretary, with about, II,
shares, assets over 100000
B #th almost as much loans well Sc
RFed.
3Then the Charlotte B & L, Mr.. ].
q Vanless, President, Mr.. Wells
bwn, Secretary, with about 5000
ra and assets of over sl5O,Ooo,
A about as much in loans.
Then new one, the Mecklen-
rg, Mr.. JohntD. Ross, President
H A. G. Craig, Secretary, with
= .ut $4,000 shares and about $780,
% assets. These various Associa-
lns. make up the sum of about
5 per capita invested, of the pop
alton of the city. They pay 20
hts per share each week.
mir. Sam Wittkowsky is the lead-
Spirit among the many good
rkers in this powerful business
kerprise that is doing so much
q Charlotte, and it is sight well
Mrth seeing to go to the Office OF
Mechanics Perpetual Building
q loan: Association on a Saturday
Skrnooa and see. the stream of
Bplee 5ce.niag in with their pass
: Ia and pa ing in their weekly
Ses they have to form line aud
8often looks like 8 perfect rsgi-
en of people old and young,
bite ana black, as many negroes,
kiopg to siif ii, and AIr. tknss=l-s
|ys that his, aIene, has built up
Even negro hurches-and mum
krs of negro lodges and societies.
la he says that there is no better
|curity than. a negro church-as
jeyw.n surely pay their dues on
huYch. They have also built up
|,lieres, SaaitAriams and other asa-
Ii buildings which adorn this
,yeIy city. .None.lof tie money in
his sort of Investment lies idle, but
, is at once put into house and
oes right back into circulation
aehg the carpenters, lumbermSn
Id supply mcn and very soon a
lw house stands up to testify to
! blessings, and in that house Is a
$ppy family saving rent i'll their
Gn home. This encourages thrift
I'D saving. In a few weeks the
Iational Building & Loan League
I'm meet at Charlotte. This League
1iil be one of the greatest events
Ter held in Charlotte and far more
enefcial than any political body
hat ever met there. In fact tn:
tate political convention is to ne
lid there too soon, and it is COM
letely chined down by this Nation
League with able representatives
Bom all over the United States,
aom Maine to California. The
late League of North Carolina
klI meet also about same time of
le National, and it will be priv
kge to attend both meetings,
there one can gain such interest
&d enthusiasm, as ehere will be ad-
kesses made on all practical phases
i this good work, by brainy men
tho know what they are talking
bout.
The I3 g. L Association is the cor
erstone of progress and prosperity,
BIT only because it builds up homes
hid encourages economical invest
henG, but there is nothing which
hhances the value of real estate
Ike it.
Ard it gratifies me to say that no
|ne man in Charlotte has done SO
huch for this valuable work, as Mr..
lam Wittkowsy, to whom this sort
l. work is indeed labor of low
as A. S. 7.