Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1910-05-25
EIGHT THOUSAND DELEGATES
PRESENT AT BUILDING AND
LOAN CONVENTION.
GROWTH OF ASSOCIATIONS
HAS BEEN REMARKABLE
Plan Introduced in This Country by
Three Engishmen-Every Section of
Union Represented in Annual Con.
ference at Charlotte, N. c.-DetaiIs of
the Convention.

Charlotte. N. C., May 2o-Amaze-
nent, no doubt, would be expressed by
Sam. Pilling, jeremiah Horrocks and
DR.. Henry Taylor, the three English
men who, upon adopting America as
their future home, brought with them
from England the idea of and started
the first building and loan society in
the United States in 1881, if they could
have been present here today at the
opening of the eighteenth annual con-
vention of the United States League Of
Local Buildingf and Loan Associations.
Little did they think. perhaps. when
they organized the first society in
Frankford. now a part of Philadelphia,
that the idea would grow into the pop
ularity and power it now possesses.
At today's convention were delegates
from all corners of the Union repre-
senting about 5000 associations with
membership of nearly two millions and
total assets of almost $4,000, 000 the
league win discuss at its sessions to-
day, and those to be held tomorrow,
matters for the protection and promo
ton of building association interests.
Governor W. W. kitchin himself
came to Charlotte to welcome the dele
gates to the state. Mayor T. w.
Hawkins extended a welcome for the
city and S. Wittkowsky, on behalf Of
the North Carolina Building and Loan
Associa ton. Jay w. Sutton. of Sault
Ste Marie, Mich, president Of the ma
tional organization responded to the
address of the governor and First Vice
President James NJ. Mackay to the
other addresses.
| Besides the addresses of welcome
and the responses President Sutton
made his annual address. and the other
officers submitted reports.
A number of addresses were deliv-
cred on subjects relating to the bust
ness of the members. w. NJ. Allen, OF
Fitchburg, Mass, spoke on Auditing;
OF what shall it Consist?"; Alexander
Moore, of Port Huron, Mich, on stat
us Of Investors and Borrowers in In
solvent Building and Loan Assocla-
tons; Ex-Governor Winfield t. Dur
bin. Of Indiant, on Corporate Surrey
Bonds. Preferable to Personal Surety
Bonds" Charles O'Connor Hennessey
of New York City, on Law Governing
Withdrawals: What should 1t be?'
and George F. Gilmore, of Omaha, Nep''
on Postal Savings Banks"
1
Tomorrow's sessions will be devoted
to addresses and miscellaneous bust
ness. DR.. ]. NJ. HURT, of Pomona,
Cal. will speak on Dividend Law;
L. L. Rankin, of Columbus. O" on
distinguished Features Between the
Serial and the Ohio Plan; Q. B. Eaten
Of Winston Salem, IN. c., on The
Building and Loan; an Institution for
the People," Konrad Kicker, Of Chi
cago, on 1.-THE Opinion Of Foreigner
on the American Building and Loan
Association. and George W. Cliffe, OF
Philadelphia, Pa, on proper Legis-
Ilation for Building Associations and
How the Same Should be Secured"
Many social events have been plan
med for the, entertainment of the dele
gates and those who accompany them
Growth is Shown.
Phenomenal growth and prosperity
of building and loan associations WERE
shown in the report of Secretary Gel
larius. There are 5,713 Of these instl.
tutions, with 2.N1S.651 members, ane
assets of ss56,22S.719, an increase fol
the year Of ia associations, $3.50
/ members and s72,156,996 in assets.