The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1916-03-30
SAsINGS-LOAN DOING BUSINESS
HIKE AND ThkkE WANTS
10 DO MORE
Contributed by sec'y Willard)

I tlAS " NC % uAuCH VI al GU SLOI
lis over year old, that probabl
we are not publishing as much a
we ought for the good of the pub
lie. Yet it is not long since tina
very informing letter came from
Minnesota Secretary Willard to Lake
land Secretary Willard telling vivid
ly of how the women and bank.
there are flocking to the standard Of
Building G. Loan, much to their own
advantage as well as of the city.
1t gives us great pleasure to advise
the public that last week, we added
to our directorate two who are often
! called live wires, Mr.. C. +. Todd and
Mrs Sadie Mercer, and who we are
| sure will make good directors, and
/ be inclined to say to their numerous
! friends, Come over into Macedonia
and help us" build. up Lakeland
| faster. We have read of a single di-
rector in New York concern who
took the greatest delight in telling
how, by his own efforts, he had in
duced a full leo men and women
to join his Savings-Loan and by it's
help become free from bondage to
renting and the owners of their own
homes Who would not like to be
such a director?
Another pleasant and informing
item we Gull from one of Minnesota
Secretary Wizards town papers:
Probably the largest agency by
! which the building of homes in this
city is carried on is through the
Mankato Savings & Building Asso-
station. The business of the year
just closed has been one of the iarg-
est in it's history, it's total loans
amounting to $125,542. OF this
amount $4,000 was loaned in the
three months of June, July and Aug
ust. The long cold winters there
bring most of the building into the
warmer months.) No other institu-
ton in the city has rendered more
aterial aid in it's upbuilding than
this association. 1t S safe to say
that the actual value of the i'm
provements for which it's funds were
| loaned this year amounted to over
100000"
Another interesting item, showing
the good that families as well as in
| dividuals and towns may and do de-
| rive from these savings institutions,
and illustrates what the larger divi-
dends than banks can pay does for
them in drawing membership. An
! old letter from the same Minnesota
secretary says this: Regarding
! your old time acquaintance, the
rather red-headed, speckled-faced
and poverty sought little children OF
the Terwillager family, don't think
any of them came to us except Dave,
who drove hack here so many years,
His only child, Harry E. Terwilling-
er, now young man of 25 or 30,
saved up in here, $50 month at a
time. till he had $4,000. His father
who had little farm on Indian Lake
did not come in till later, and then
saved up $1100. Harry's wife, who
saved here $500 or more, think
could be credited with the start they
got, and the saving spirit inoculated
in the boy.
81 might cite yau to the Pay fam
lily. Have had and do have money
in here. b. F. Pay .(the grand
father, w. H. and B. Franklin (his
sons), both the girls daughters,
and the wives of the sons, son of
one, w. HIS boy. Theq put it in
on some accounts at 5 per month.
never missing, another at SIS per
month and never, for over II years
missing a month. other accounts,
not always regular, but growing ac-
counts always. Fowler & Pay (B.
FRANKIE, some years ago put in regu-
larly $50 month for several years,
and had several 1000 accounts ac-
cumulated in that way"
Just think how much one family
was contributing in this way to help
their poorest neighbors to get homes
of their own, and to build up the city
and their association, too, so that it
is now loaning to its members an
average of $4,000 a month But
even they did not do it for fun, ;"
but for profit, for they were rolling
up fortunes faster than they could
through the banks. And Mr.. Fow-
! Ter was doing it while vice-president
of bank. well knowing where his
bread was buttered best.
We trust some of these items will
convince some of our people that
| this is safeter and better business
han speculation, at least, for part o.
heir funds, and that II is a mighty
| pleasant as well as wise way &c
'rofit ones self, and help ones town
nd withal to give 1.-The boys"
nod boost toward getting homes o
Neir own and cutting off rent
| harcac