Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1910-10-04
Nebraska
BUILDING AND LOAN REPORT
Secretary ROyse Says Figures Show
Gain in Stockholders.
BOTH GLASSES ARE JOINING
borrowing and Non-BOrrOwinE Take
Part I'm Business of Corporations
of state--NO Changes in
Law 20 Recommend.
(rrom q SOD Correepondent.l

LINCOLN, Neb., oct. s.-(Special. )-Sec-
rotary ID. Royse of the State Banking
Board has completed his annual report Of
the building and loans association business
of Nebraska for the year ending June 30.
Thirty associations were doing business at
that time. The report to the banking
board shows a gain Of 2,s46 in the number
OF borrowing stockholders for the year, the
total number being 1s,O25.. The non-borrow-
ing shareholders increased from 31,T0 to
$3.50. a gain OF 1905. The total number OF
stockholders of both kinds increased from
$500 to 4.7O1. a gain Of $500 At the end
of the fiscal year the following facts are
noted:
Amount Of real estate loans in
force $40 64s, So 50
Appraised value Of real estate
and improvements........... "a, 513, SAG n
Amount Of fire insurance as
signed "A, 80, 100
Amount OF torando Insurance as
Amount OF business done during
the year. 16, 654Ol6SS
At a cost of.,..,..................l. 216, 1894
Condition of Associations.
Secretary Royse said in his report to the
banking board:
During the year the Home Building and
Loan association Of Beatrice went into
voluntary liquidation, wound up its affairs
and quit business.
THE remaining members Of the Schuyler
Building and Loan association, which was
In process of voluntary liquidation, found
II necessary to place it in the hands OF a
receiver to properly wind up its afafirs,
and upon receipt by the State Banking
board of a request for such receiver, the
necessary steps were taken to have one
appointed and placed in charge Of the ASSOC
citation.
II am pleased to congratulate you upon
the growth and condition of the building
and loan associations under your supervi-
sion, as shown by the abstracts, sum
maries and comparisons on preceding pages
of this report
1T IL no longer a question of the per-
manence Of the building and loan ASSOC
citation as a part of the financial interests
of the state, and the proportion to which
the aggregate resources have attained
clearly indicate the Importance of watchful
supervision in thei raffairs and administra-
ton. This is peculiarly true because of
the fact that class OF people are affected
that can lily afford losses from mismanage-
ment or dishonest conduct Of their affairs
There is no doubt but the present build
ing and loan law has had much to dc
with the development of these institutions
them to appeal to the people for support
IT am not ready at this time to point
out any material changes to be made In
the present building and loan law; how
ever II will naturally follow that with
toe rapid increase OF business abuses will
develop, and restrictions become necessary
toat are apparently not needed at this
time
The past period OF prosperity, marked
by rising values everywhere, has been q
great stimulant to this line Of business
The crucial test of stability will come dur
ing a period of financial depression ant
falling prices. Such period will probably
bring out any weaknesses that may exis
or any lack Of provision for proper super
vision.
ION the whole am inclined to submit
this report to you without special common
or suggestion, as the general summary in
dicates a very satisfactory and gratifying
condition generally"