Perth Amboy evening news., 1918-12-03
JAMESBURG B. & [. ASSN.
HOLD ANNUAL MEETING
Election OF Officers and Reports show
Association Is in F1ourishing
COnditkpn

Association IS in F1ourishing
Condition
BIZ Special Correspondent.
JAMESBURG, Dec. S:-The forty
ninth annual election of the directors
of the Jamesburg Mutual Building &
Loan Association of this place was
held in borough hall on Fridav night
and was well attended.
Clarence NJ. Thorne was chosen
chairman and Jacob Hausser and H.
A. Edwards ~tellers. The directors
chosen were as follows: William H..
vanderveer. Freehold; c. oscar Eric
son, Helmetta; John Waddy, Willard
Forman, David L. Kirkpatrick, Albert
LANCE. Howard NanDyke. Jameshurg.
Auditors. Joseph NJ. Perrine. Milton
1. voorhees,. William f. Paxton.
A good attendance was present at
h meeting.
Secretary Baremore addressed the
shareholders on the condition of tho
association. A steady increase had
been made n the fact was made
known that the local association has
never solicited an investment or
charged a borrower a premium.
Following the election OF the di-
rectors, organization was affected by
the election of the following officers:
President, William c. Crosby; vice
president. John Erhart: secretary,
John III. Baremore: assistant secre-
tary, George ID. Hutchinson: trcasur-
er, Condit NJ. Dawson.
1t was recommended that the SAL
airy of Secretary John II. Baremore
be increased 500 and that of Treas
urer Condit NJ. Dawson 500: Assist
ant Secretary Hutchinson $50 and the
pay of the auditors SIS, an increase
of IS per annum.
The report read by Secretary Bare
more follows: Receipts: In hands of
treasurer last report, ~S1.470.92: re-
ceived i~nstallments. SS2.469; interest.
~$29.172.44: fines. S977.SO: transfer.
fees. S63.50: membership fees, SAB;
repaid mortgage loans. S57,750; re-
paid stock loans. $500: maturcd
mortgage loans. s33,4O0: matured
stock loans, $3.50; rent OF borough
hall, $24: real estate sold, $I.164.T5:
interest on deposit, S237.23: interest
on Liberty bonds, $3.50; repaid in
surance premium. $50; demand notes,
$5S.000. Total. 69.0o7.54.
Disbursements: Paid mortgage
loans. s95.100; stock loans, $4,000;
withdrawing members. $~22.169.76:
matured stock. sixteenth series, SILL
900; interest on sixteenth series since
maturing. $3.50; maturing shares sew
enteenth series, SOS, $50; interest on
seventeenth series since maturing.
5000; demand notes. $25.0 900; inter-
est on demand notes, $I1S.Sl: ala
ries. secretary. $500: assistant secre-
tary. 1920; treasurer. 1915: auditors
$50; printing and supplies. $l34.73;
recording mortgages, s52.5f: rent
borough hall. SIS: telephone, s15;
premium bonds of officers. $44: burg
larry Insurance. s28.1S: liability insur-
ance. $40: purchase Liberty bonds,
$1,000; insurance for borrowers. s33.-
50; expenses on appraisals, $500;
filing annual report. 81; purchase
real estate. $1.164.75: dues building
& Loan Association League, So: cash
in hands of treasurer, S5,32S.22. Total
$269. OO7.54.
Assets: Mortgages and notes, s474,-
500; Liberty bonds. $4,000; interest
on Liberty bonds. S45.52: office furni-
ture, $3.50; installments unpaid. ST.
507; interest unpaid. $1.3S2.29: fines
unpaid, $124.65: insurance premium
unpaid, $57.40: cash. s~5,32S.0S. Total.