The Bridgeport evening farmer., 1917-05-19
BUILDING AND LOAN
 ASSOCIATIONS ARE REPRESENTED HERE
Connecticut League Has Fifth Annual Conven-
 tion in Bridgeport.

The Connecticut League of Local Building and Loan Associations met in fifth annual convention this afternoon in the Masonic Temple on Broad street. There were about 125 dele gates and guests present. Lieut.. Gov. c. B. Wilson, mayor, and President George E Crawford of the Bridgeport Chamber of Commerce welcomed the delegates. Responses were. made by Frank Cheney, Jr., of the Cheney Bros. Silk Mills, South Manchester, and c. c. Perkins, secretary of the New London Building & Loan Asso- citation. q
 The leagues president, N. N. Stand ish, in his address. spoke of the suc- cessful manner in which the league had met the conditions for which they were organized. He also stated that the building societies generally throughout England had not suffered on account of the war but were show ing substantial increases, and that it was believed by we'll informed build ing and loan men in this country that our associations would not suffer but rather they would be benefited by the conditions existing.
 
 of the new Federal Land Bank which was started to aid the American farmer. It is believed by prominent Building and Loan men that these associations furnish the true solution of the farmers difficulties and give them the assistance they require.
 MT. Standish recommends the or ganization of a land bank by the as- sociations in this state upon. the lines of the Land Bank of the State of New York; which furnishes funds to the associations of that state.
 Secretary William H. Skinner en- frightened the delegates in regard to Building and Loan exemptions from certain documentary and other taxes, which exemptions were brought about through the activity of the United States League, of which the Connecti- cut League is a member.
 He stated that the assessment laid upon Building and Loan. associations was far more reasonable under the Bank Commissioner than they were under the Building and Loan Commis- sioner, and that the Bank Commis- sioner was very willing to cooperate with the Building and Loan associa- | tions in every way possible for the best interests of all shareholders.
 The following statistics were given by him covering 22 associations in this state:
 Assets June 30, 1915.. s4,53s,224.7 Assets June 30, 1s16.... 4,s72,455.7
 Increase ............s 43s,230.97 Loans in real estate June
 30, 1915 .$4,21S.541.91 Loans on real estate June
 30, 1916 ............ 4,601, ,401.47 Increase ............$ 382, 56 Share loans June 30, 1915 s 183,919.80 | Share loans June 80, 1916 196,289.7a $ 7,369.9a In the United States there are 6,806 associations with total membership of 3,334,899 and assets of s1,4S4,205, S75-an increase of $126,497,975 or 9.3 per cent. over the preceding year. The average amount due to each | member is $455.05.
 Treasurer c. w. Burgess report shows very substantial cash balance. 1 The legislative committee, Attorney P. S. Chapman, chairman, made a very minute report of its doings for the past year.
 An excellent paper prepared by L.. l.. Rankin of Columbus, Ohio, entitled Building & Loan Associations, Ob- jects and Benefits Derived There 1 from was handed to each delegate. An auto ride about the city was then enjoyed by the delegates after which reports were made by the various as- sociations and, committees and officers elected for the following year.