The Lake County times. [volume] (Hammond, Ind.) 1906-1933, 1918-02-07
THE TIMEa

houses arc built by the same owner the
cost Of plans and specifications therefor
and experimenting the work 10 he y
por cent OF the total cost OF the build
ing.
= The contractors submitted prop
osition Offering 10 construct dwelling
houses on a basis or actual cost. plus
) per cent. or 20 leave the method Of de-
terminine tho price open for competitive
hddins as desired by the owner.
9. a resolution was passed. uuani-
mousi>. that all reasonable means be
employed b. banks. trust companies.
reai estate men, and loan agents 20 in
duce outside capital TO come into the
city to be used for building purposes.
T. A resolution was also adopted
unanimously, recommending that a cam
paiSn he carried on in the city OF Ham
mond urging all persons 10 subscribe 20
building and loan stock IN the severa
building and loans i'm this city, and that
TO this end the members Of the Four
Minute Mems club be asked 10 speak
ar the different theatres. factories and
other places in the city, during Fcek
10 be arranged for such campaign IL
was clearly pointed out that the build
ing and loan associations. II properly
supported. could furnish great amount
Of money 70 help IN the building cam
paien. and that the investment to those
VINO subscribed for the stock. would be
safe end profitable Investment giving
a good return to Inc investor. as we'll as
assisting the campaign for building
purposes.
& To show Nhe enthusiasm with
which this proposition met a call for
subscriptions Gas made 81 this meeting.
and in a fex minutes time $50 shares
were subscribed from amons those pres
ent. From this il is confidently belev-
ed that. II a campaign is put on. urging
the subscriptions for building and loan
stock in the city a continuing source Of
money with which to build dwelling
houses would he created. The commit
tee strongly recommends such = cam
raisn. and urges that it should be pun
on at she earliest possible dale.
In compliance with this request the
committee also report. that the several
and loan associa tons or this
city have met, and agreed upon cam
paign 10 be conducted in behalf OF each
and all OF the associations. beginning
Feb. Il. In conducting this
at least 10000 circulars Will
be distributed. signed by all Of the
and loan associations. setting
forth the merits Of building and loan
stock as an investment, and the urgent
need Of subscribing to assist in the
building campaign.
The several building and loan asso-
Citations have also agreed that after
March 1. 1918. they will make no re-
> f.
-icsble. loan money only for new con-
structIon work. They hope in THIS way
10 encourage and facilitate the erection I
1f new dwelling houses. The commit !
&c believe that III this way at least
; 100000 can be used in building dwell (
.lng houses in the city OF Hammond, /
Turing the year 1918. !
The building and loan associations in /
he city ofeHsmrlond have their places .
~ meeting as follows.
Hammond Building. Loan Savings /
Association. at the Lake County Saw
ngs & Trust Company.
Home Building. Loan & Savings As
ISOLATION 81 the Citizens National Bank. /
Calumet Building. Loan & Savings As
socistion at the Hammond Savings &
Trust company.
Mutual Building. Loan a savings As
ISOLATION at the J. 6. Blackmun d Co.
offices
First Polish Building. Loan & Saw
inEs Association sst the Northern Trust
& Savings Bank
Subscriptions for stock IN any of the
above building and loan associations can
be made al the above places al any time,
Respectfully submitted,
WILLIAM J. WINERY.
Jesse z. WILSON.
JUDGE NIRGIRL s. PETTER.
Committee |