Edgefield advertiser. [volume] (Edgefield, S.C.) 1836-current, 1911-02-08
CHARLOTTE NEWS.
Blessings of Building & Loan
Associations and Ad-
vantages Of Good
Roads.

city of Charlotte N. c., as it is one
of the cleanest and most progress
sive cities in the South. There is
always something doing there in
the various matters of Religion
Education--Manufacture--Com
merce and Politics as Charlotte is
the usual place for holding the State
Democratic Convention-and it
transpires that even now the Pres
ident of the State Senate and the
speaker of the House are both from
Charlotte.
A Banquet was given last week
by the Trinity College Alumni As
sociation of Charlotte in honor of
DR.. William Preston Few who is
the successor of DR.. Kilgo, now
Bishop. The many friends of Mr..
D. A. Tompkins will be pleased to
know that he is very much improv-
ed in health and that he is now able to
attend to his affairs and was one of
the speakers at this Banquet and
delivered practical address on
Education. Among the many perma-
nent Institutions of Charlotte, the
one that leads them all is Building
and Loan Association work; and
the leading spirit in the noble enter
prise is Mr.. Sam Witthowsky, a
man now beyond the three score
and ten years but still in full vigor,
with a bright mind, warm heart
and full of good fellow ship, and a
fluent speaker. When a mere boy
he came over here from the old coun-
try poor and friendless and not able
to speak a word of cur language.
By hard work he has amassed a
fortune and has been and is now,
of great service, to his fellow man,
in aiding them to obtain homes and
become self sustaining and prosper
ous-the Building 6 Loan pc
that benevolent philanthropy
does not degrade but heis
ones self respect and love of !
Only a few know that i'm Pen
tVanfa alone there are over
b d L Institutions with capi
IT'S million dollars; and over !.
in the United States with a capital
of over 900 millions, equal to the
paid in capital of all the banks COM
bined, and during the past panics,
when many banks were trembling
in their boots, the Building d Loan
Association went serenely along,
owing to their deep rooted security,
with capital all invested and were
a source of great strength to the
banks. Our banks are doing a
great service to the public making
it SO much easier to obtain money at
less rate than the old cotton factor
system. Along with these institu-
tions our Building & Loan Associ'
alton is doing much good in fur
nishing homes for I cannot better
illustrate the benefits of the Asso-
citation than to quote from a most
admirable address which MIR. Witt
kowsky made at the State League
of Maryland, in the city of Balti-
more last week, as follows:
A Day Laborer.
''A day laborer pays rent per
week, say 81. or $50. per year. 1t
takes series years and 20 weeks
to mature, hence in 6 years and 20
weeks he pays the landlord in rent
1892. Say house renting for 81.
per week would sell for $500. Let
him take two shares in a b. d l..
association and borrow 5000 and
pay over that amount on the pur-
chase money on his home leaving
800. still owing to the former own
er of the home.
HE will pay to the B. & L. as
sociation as follows:
"Dues on two shares at 25 cents
per share is per week 90 cents. In
terest per week on 5000. at 6 per
cent 80 cents. Let him pay weekly
or lay aside interest to the vendor
on the $500 balance due on the pur-
so
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