Arizona republican., 1914-02-15
\ REAL ESTATE

tuuditu III SuCll d icliS ptliOQ ol oP7 eration.
 Under these circumstarees a brief sketch of the history of the Building and Loan association is of interest. The Phoenix Building and Loan as sociation was organized November 10, 1889 R. H. Greene, of the present firm of Greene & Griffin, who had come here in August of that year from Peoria, Illinois. In his old home Mir. Greene had been connected with two prominent Building and Loan associations. one of which, the 1 Commercial Travellers, was organized by him, and is still one of the leading organization of it's kind in Peoria where there are five such institutions. Through his Peoria connections, and other eastern business relations, MT. Greene was able thus early and after , wards to secure a large number of members in the association which he l had organized here and who have continued and increased their invest ! ments By this means. also, large amounts of eastern capital have been placed at the disposal of and loaned to Phoenix investors and thus enabled them to build homes here and in the valley.
 i The Phoenix Building and Loan as sociation was the pioneer company in the early upbuildng of the city and vicinity and during the twenty four years of it's active existence has been a most valuable asset to the city and factor for it's upbuilding. Many who would otherwise have been unable to | obtain homes here, were enabled to do so and have since become thorough l Phoenicians, firmly established as re- sidents here while otherwise they might have passed on to reside in | other sections The policy of the company during that period has been as liberal as good business judge nent would permit and vast amount Of good has resulted to individuals 9nd to the community at large by reason Of tne many homes tEat were built through it's assistance. Many ol these were paid for in mont fly irstallment5 using the rent none; that would have otherwise gor Q to lantllords Interest rates were small compared to those charged by sim.a l organizations and requests for loan' on bond snd mortgage were receWa1
 m consistently increasing quantities. White tlc Phoenix Building and Loan association has ceased to aJ business under the old name and l: absorbed hy the H me Builde"7. tht consolidation in which it cont:nue' is under the same management thai handled it's affairs in so many years of successful business and that has upbuilt the Home Builders in re markedly short period of time
 The Home Builders company is op erating along the same lines as diC the Building and Loan and as it ha itself done, but upon much broade scale and with wider scope. Througl this company homes are sprlngng ul ] in every part of Phoenix and thei [ claim is that there no longer exist a reason for one to pay rent to an other than himself. Wonderful has been the growth O Phoenix and it's recent growth an' , progress emphasizes the equally re d rnarkable growth of the Home Build
 CTS which started only four year
 ago with q capital of but s11,000 am
 now embarks on it's larger caree
 with assets of S575,000 ana wit
 stockholders residing in practicall
 all sections of the United States
 the strongest concern of the kin
 to be found within the borders 0
 Arizona. Its progressive policies an
 it's sound business management to
 gether with the added capital nov
 at it's disposal will enable it to en
 ten still more largely into the up
 building and constant expansion 0
 Phoenix and to take advantage of tn
 present large and constantly growth
 opportunities as would otherwise b
 impossible. Already it has large an
 important projects in hand and 3
 occasion warrants such projects wi
 be enlarged and still others will b
 undertaken
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