davidaulloa/AmericanStories huggingface dataset:
The sun., 1919-05-11

Building and loan associations differ
from an organization such as The Thrift
in that they are essentially copartner-
ships. II the building and loan asso-
citation Is we'll and conservatively man.
aged the home buyer may hnd that he
has been able to pay for his home In
instruments as in the Thrift plan and
at the same time has secured the Use of
the necessary money at a lower rate of
intereut than 6 per cent. There are
many successful building and loan or
CARNATIONS in Greater New York
which are shr,wdly managed and which
have been operated to the advantage OF
all concerned.
On the other hand II ths building and
loan association selected by the home
that before he has completed the pur-
chase Of his home he will have been
compelled to pay as high as Is or 20
per cent. for the money he obtained.
II selecting a building and loan asso.
citation the prospective home buyer
should make careful inquiries as to its
past history and as TO the character OF
its officials as we'll as the scope OF its
operations. AS general rule the asso-
citation which is most searching in its
examination Of the prospective borrower
IS the best one to do business with.
Few people realize how important SEEM
ingly intimate personal details are to-
the officials charged with determining
who should and who should not be grant
cd building loans. For Instance. It would
not seem important TO most men that
the official Of the institution or asso-
citation which is to lend him the money
TO build or buy house should know the
number and sex Of his children, his
wife's tastes and hobbies and other SEEM
ngly irrevelant facts, yet these are all
matters OF vital Importance An official
who has had years OF experience in this
sort OF research and who has rarely
made mistake recently said:
The more details We know about
prospective borrower the better we are
able to determine whether or not he will
The sun., 1919-05-11

the money to pay OF the mortga ges
when they fall due. or where he can
have them renewed at their expiration.
1t is not sufficient to trust to the
brokers or owners assurances that the
mortgages need not worry you. as the
holders will always be ready to renew
them indefinitely" The broker or owner
may be unreliable, or he may speak In
entire good faith, but in either case the
man who attempts 10 purchase hand
SSme home on a shoestring will find his
path beset with peiils.
There are so many factors which en-
ter into every individual case that It is
almost impossible to lay down hard
and fast rule in regard to the proportion
of the total value of the home which
should be available. The rule followed
by the Thrift, a Brooklyn corporation
patterned after the Berwick Society of
Berwick, England, which was probably
the first building and loan society in the
world, is that the prospective home
owner should have at least from 20 to
20 per cent. OF the value of the home In
cash, or from % to 80 per cent. OF the
value of the home In land.
The Thrift Is Incorporated under the
banking laws of the State OF New York
and is under the' supervision OF xhe
State Banking Department One OF the
chief objects Of this institution Is TO en-
courage the purchase of homes, and 1t
has financed the purchase or erection of
thousands Of dwellings in the counties of
Kings, Queens and Nassau, to which its
loaning territory Is limited.
AS an illustration OF the working OF
the Thrift plan. and as an example Of
one way OF financing a home buying
project, take for example the case Of a
man occupying a house in Brooklyn for
which he pays q rental of $3.50 a year, or
The sun., 1919-05-11

II the timid. pessimistlc element who
will want to wait and see before carry
ing out a proposed building operation.
Therefore II a new building is in con-
temptation the directors can help start
the reconstruction movement into action
by getting under way at once with the
work
Not only should they have their plans
prepared and let the contract; they
should give the widest publicity to the
fact that they are to have a new building.
This publicity in daily papers, in letters
to investors. TO other banks, folders to
deposltors and prospective depositors,
would have the electrical effect of caus-
ing positive and favorable action on the
part OF other owners.
I'm practically every community the
bank reflects the prosperity and progress
siveness of its locality, or the lack OF
these elements, Not alone in regard to
investments is the banker looked to
for guidance he is generally relied upon
TO take the initiative in all civic i'm
provements. Let a bank build a new
business home; that is an outward evil
dence OF prosperity, and other owners
will hearten and follow suit. If a bank
metaphorically pulls a long face and de-
fers improving Its property all the faint
hearted and some Of the lion hearted, taxi
ing their cue therefrom, will hold OF
and wait for the bank to act.
THE great part the bankers can take
In this period OF reconstruction TO COM
plement the admirable work they per.
formed In war times will not be in SOL
emn conclave In closed directors rooms.
For such ms need new banking quarters
It will be the open diplomacy of practical
demonstration in the form OF a new
building erected now while the outlook
TO so many is uncertain, a building that
will be not only a lasting asset TO the
hank, but civic and moral asset as
well. Financial encouragement and en-
thusiastio cooperation extended at this
time to the building trades will also be
necessary and will exert most encour-
aging and helpful influence In satisfac-
tor!ly meeting the serious conditions
which surround us to-day"
The sun., 1919-05-11

$40 a month. In these days of high
rents this Of course is an exceedingly
modest amount to pay for rent. but the
same proportion will ho.d in cases where
the rent is many times the amount given
above.
A Concrete Example.
The house which rents for $3.50
year. we will assume. can DO purchased
for $4,000. OF this amount the pur-
chaser is able to pay $500 in cash. He
then can obtain the balance from Tho
Thrift at per cent. payable In monthly
instalments. II the advance Is granted
for twelve year period, his payments
would be $31-S1 per month or s3sl.72
per year.
In addition to this, he would of course
have to pay the taxes and the insurance.
AS the rate OF taxation varies from
year to year the exact amount cannot
be ascertained In advance but the cost
for taxes and insurance for q house of
this value would be about $40 a year,
making tota' yearly payment Of about
$471, or $39.26 a month. Thus by the
payment of 50 a month more than he
now pays for rent, he will. within twelve
years, IL the instaEnents are regularly
paid. become the absolute owner of his
home, whereas II he had remained a
tenant during the same period, he would
have paid his landlord almost the same
amount OF money without becoming the
owner Of single brick of the house.
To illustrate the monthly payments
required to finance a more expensive
home buying project at per cent. the
following table will show the monthly
instalments required TO pay of each
$1,000 OF the loan with interest sor' the
periods specified:
The sun., 1919-05-11

be successful in meeting his obligations
For instance. an income of $4,000 a year
and five daughters may be in one case
factors which will lead to bankruptcy
in few years, whereas the same type OF
man with an income OF $4,000 a year and
two or three sons may be on the high
road to prosperity"
Girls Sometimes Liabilities.
"In the present state of society girls
are much more of liability to the head
of family than boys. Boys. after a
few years, usually become self-support-
ing. while girls. as n rule. continue to be
an expense until they are married, and
perhaps even after that.
AS the sex and number of a mans
children affect his desirability as a mort
gage risk, 80 also do his wife's tastes
and inclinations. If she Is fond of So
ciety and has a desire to live beyond
her husbands income. needless TO say
he will be a bad risk. II can only
see one member OF a. family I would
rather that It be the wife. Women as a
rule are less guarded in business
transaction than men. and in a short
lHttTNleW are apt 10 let 1aCtS Slip tnAt
a man would have succeeded in conceal
ing. On the other hand a prudent and
sensible wife is one of the best assets
that man can have when he is in
search OF credit"
Buying a home and buying real es-
tate for an investment are two entirely
different matters. In buying home 1t
cannot he too strongly stressed that in
nlnety-nine cases out of a hundred the
owner forced TO sell at short notice will
receive less than II has cost him. In
place of this financial loss. however, he
has received from his home benefits
whose value cannot be measured in
terms OF money.
Makes for Good Citizenship.
Ownership of a home tends 20 make
a man a better citizen and a more val
liable member OF society. In addition
to this II tends TO increase his self
respect, thereby greatly enlarging his
The sun., 1919-05-11
SAYS BANKS SHOULD
HELP STARTBUILDING
N. F. Hoggson Urges Them to Erect
New Quarters and Loan Money 20
for Construction Work

Despite the unusual factors affecting
building construction at this time. in
dications point to the greatest building
revival during 1919 this country has ever
experienced" says Noble Foster Hogg-
son. president of Hoggson Brothers, in
n discussion OF the building situation in
the Bdnker'S MGOGsine.
For the past four years the volume
OF building construction mas steadily de-
clined; and for more than twelve
months there has been but a small
amount of non-war building
Our country is underbuilt to the ex-
tent OF over 40 per cont: OF dwelling
houses alone moro than half a million
are needed. In New York city the rent
able space Is SO per cent. below the
demand.
PLANT extensions, Industrial housing,
office buildings. lofts. apartments, hotels
and residences are needed in many parts
OF the country. A vast amount OF
public utilities is Immediately necessary.
There Is also need OF n great amount
or bank building. In many parts OF the
country our financial institutions have
been carrying on their work in crowded.
Inadequate quarters, waiting for a ia
vorable time to erect new buildings or
modernize their quarters by remodelling.
I'm the Industrial as we'll as the do
nestle and commercial fields building
should now SEQ tho beginning OF great
activity. New factories must DO built,
plant extensions are an economic neces-
sity. war plants. instead OF being aband-
oned or strapped. will in most cases be
altered for peace work Housing for
employees, which received great impetus
during the past two years, will be car
ried out on yaster scale than we ever
thought possible. Employers have rec
ognized the actual money value return
in providing decent housing accommo-
dations for their employees. 1t Is fatu-
Gus 10 believe that employers have not
pIofited by the lessons OF the war They
have learned that Contented workmen
arc the best possible Investment; that
high labor turnover is unnecessary and
expensive. and that proper housing IA
The sun., 1919-05-11
PLANS HOMES FOR PATERSON.

Charles II. Benjamin, architect and
designer. Of Paterson. N. J.. and New
York, is preparing plans for three large
residences in the exclusive section Of
Paterson which will rank with the finest
in that city. Robert ]. Edwards, Pater-
son contractor. will erect the dwellings
in Park Manor, a restricted section on
the northerly side of Broadway Hill.
Ground has already been broken for
two OF the houses one of which will be OF
the English half timbered type and the
other Colonial type. The erection OF
these homes win be the beginning OF an
extensive plan OF development OF one Of
Paterson's finest residential sections.
The sun., 1919-05-11
variety of choice or so many speculative

variety of choice or so many speculative
opportunities These arise from the fact
that the holding has frontages on four
main thoroughfares and tint the dag
nal layout OF the local street system
brings each OF these streets in close
proximity to the others. which tends to
give the side street lots the higher val
ues that obtain in the main thorough
fares, two OF which are the routes of
the principal Manhattan, Brooklyn
Jamaica. Flushing and Corona electric
surface lines.
For the man or woman who possesses
the gift Of forethought this property per-
mits rare opportunity. Students OF
real estate values and OF the trend OF
population will find It a most interesting
and perhaps profitable study
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11
Enver Pasha.

The statement that Enver Pasha,
late Of Turkey, has been traced to
Transcaucasia, where ne is reported
to be living among the Tartars, will
hardly lead anybody to congratulate
the Tartars on their new reighb6r.
Enver Pasha is not a desirable citi-
zen. and just at present the new. gov
eminent Of Turkey has an account to
settle with him as well as the British,
for IN addition to crimes committed
IN the name of his country, Enver
Pasha's. career In Turkey was com
pleted by the discovery, after !. his
flight that he had plundered the
county of a huge sum ofsmoney which
had been deposited in the banks by
the Committee of Union and Prog
ress. Put then, Enver Pasha, in SYM
pathy, education and upbrihgihg ~
more than half German.--C Christian
Science Monitor. 81. ~. ra...1.s .......s.
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11

charter offered TO any member or the
company whe should, within -four
years, bring fifty adults to the New
Netherlands and establish them along
the Hudson, liberal grant of land, to
be called manor, of which the owner
or PATRON should be full proprietor
and chief magistrate. The settlers
were to be exempt from taxation for
ten years. but under bond to stay In
one place and develop it. In the be-
ginning the PATRON built houses and
barns and furnished cattle, seed and
tools. The tenants for themselves and
their heirs agreed to pay him a fixed
rent forever in stock and produce and.
further, to grind at the owners mill
and neither to hunt nor fish.
Judge Westbrook. In whose Office ]
worked, was counsel and collector for
the PATRONS, notably for the manors
of Livingston and Van Rensselaer,
two little kingdoms In the heart Of the
great republic.
Mr.. Louis Latour of Jefferson coun-
ty. whom had met In the company of
Mr.. Dunkelberg. came during my last
year there to study law in the office Of
the judge, privilege for which he was
indebted to the influence Of Senator
Wright, / understood. He was gay
Lothario, always boasting of his love
affairs, and had little to do with him.
One day in May near the end of my
two years in Cobleskill Judge West
brook gave me two writs to serve on
settlers in the neighborhood of Bald
win Heights for nonpayment of re-It
He told me what I knew, that there
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11
/. ROAD
BUILDING
BENEFITS OF COUNTRY ROADS
Among Other Things They Cheaper
Cost Of transportation Of Farm
Products to Market.

Good roads promote self-respect in
q community. They make possible
social intercourse. They bring thu
benefits of churches and schools with.
in the reach of all. They help to keep
the boys on the farm. They cheaper
the cost of transportation Of farm
products to the markets and thus add
to the farm profits. They add to the
value of farm lands much more than
they cost. They mark the degree of
civilization of the rural community.
This, In short. Is the value of good
roads as seen by the extension service
Of the University of Missouri College
of Agriculture.
The building of good roads is Of the
greatest Importance to community.
What kind of road should be built I
OF what should 1t be constructed
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11


What are the things to be considered
In locating the road? What grade"
should be maintained? How should
the road be drained? What are the
laws governing highway construction?
There are few questions answered
In extension circular SO dealing with
country roads.
Matters of prime consideration In
locating a road are: Easy grades,
good drainage, exposure to sunshine,
elimination OF cuIverts and bridges by
avoiding unnecessary creek crossings
directness and tho number Of farms to
be served for given length Of road.
Whenever possible to avoid 1t, good
location should not be rejected merely
because certain roadway has been In
use for some time. If the location Of
used road is bad 1t should be
changed If possible. In relocating roads
avoid railroad crossings at grades.
The grade of the road is important
for on this depends the weight of the
load which can be hauled economically.
Dy 6ihuC 10 hlCdht tiiC iioC VI ldii
feet for each 100 feet In horizontal
length of road, usually expressed In
percentage. AS per cent grade means
that the road rises or falls 5 feet each
100 feet along it's center line. 1t has
been calculated that on smooth coun-
try road the load that one horse could
pull on level would require two on a
5 per cent grade, three on 10 per cent
grade and four on Is per cent grade.
Engineers usually figure 6 per cent
grade as maximum.
Road work in Missouri has not been
as well managed as other public work.
( Projects have been too narrowly linn
tied to localities, resulting in frag-
mentary effort. Skilled locating and
supervision OF construction have been
generally lacking. The remedies are
First, wider cooperation and the
adoption of broad schemes of improve
ment, preferably with units no smaller
than counties. Second, the absolute
elimination of political considerations
In the spending of money. Third, Sc
curing good engineering advice in the
preparation of plans and requiring
careful engineering supervision of con.
structi0n.
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11


ana make M statement Of all the
time you have given met" s AT
made out the statement very neat
ly and carefully and put it In his
hands.
sThat is well DONE" said he. II shall
wish you to stay until the day after to-
morrow, II you win. So you will please
add another day"
amended the statement and he paid
me the handsome sum Of seven dollars.
I remember that after / went to my
room that night stitched up the open
ing In my jacket pocket, which con-
tanned my wealth. with the needle and
thread which Aunt Deel had put in my
bundle, and slept with the jacket un-
der my mattress. ASA ~ $tit
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11
ENGLAND SPENDS so MILLION
Grants to That Amount VIII Be Die
tributed for Reconstruction OF
Roads and Bridges.

Grants amounting to $50, 900, 900 will
be distributed by the British road
board for the reconstruction Of roads
and bridges in England In 1919. De-
modified army units will be used to
do the labor. Local highway authori-
ties Will be required to match this
appropriation by at least as large q
program Of road work as they carried
out in the year before the war. Area
taken into consideration, England's
program is thus far In excess Of that
Of the United States, including both
federal aid and state funds.
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11
1tttft ttttff -t.ttNf@ts
Works With Hands and Mouth


Tney were having an argument on
the question Of which was the more
intelligent man or woman. Seven
yeer-old Dorothy was emphatic in her
belief that woman was the superior Of
man. and nine-yearsoldl Joe was quite
as convinced that man was the wiser
creature. To prove her. point she tolii
of mothers accomplishments, ending
with her mendfng ability s's's ss4sis
= JubiIantly Joe rejoiced' at, the chan
nels into which she led the argument.
Eyes. she can darn" he admitted, but
just look how long 1t takes her. Then
look at dad. When he tears anything
all helneedssis a couple of safety pins.
and you women to get out of the. way
90 he can talk while he pins" ses
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11

the fire for an hour or so. have al
ways thought 1t lucky circumstance,
for he asked me to tell of my plans
and gave me advice and encourage
Irent which have had marked effect
upon my career. !. a.....
remember telling him that wished
to be lawyer and my reasons for It.
He told me that a lawyer was either a
pest or a servant Of Justice and that
his chief aim should be the promotion
Of peace and good will In his commun-
tity. He promised to try and arrange
for my Accommodation In his Office In
the autumn and meanwhile to lend me
some books to read while ! was 81
home. 81
Before we go to bed let N have
| settlement" said the senator. sWin
| yeu kindly cit down 1t the table tAega
Greene County herald. (Leakesville, Miss.) 1898-current, 1919-07-11
Aynoa Or
uEN MODEM Or AND l. pARREL or TIE BLESSED ElIS
kEEPRso Up WITH LIZZIE. ETC. ETC hAaf

I Thunder an JehuI 1 wouldn't 60
round the town tryin' to prove that
amt thief" said Uncle Peabody. ut
wouldn't make nc differ'nce. They've
got to have somethin' to play with.
II they want to use my name for a
bean bag let 'em as long as Il. ey do 1t
when l amt lookin'. l wouldn't won.
der if they got sore hands by an by
never heard him speak of it again.
Indeed, although I knew the topic was
often in our thoughts 1t was never
mentioned in our home but once after
that, to my knowledge.
We sat for long time thinking as
the night came on.
That week letter came to me from
| the senator. announcing the day of
Mrs. Wright's arrival in Canton and
asking me to meet and assist her in
getting the house to rights. l did so.
She was pleasant-faced, amiable
woman and a most enterprising house
cleaner. remember that my first
task was mending the wheelbarrow.
81 don't know what Silas would do
| If he were to get home and find his
wheelbarrow broken" said she. SIT is
almost an inseparable companion of
his" ff @
The schoolmaster and his family
were fishing and camping upon the
river, and so lived at the senator's
house with Mrs. Wright and her moth.
err until he arrived. What a wonderful
house it was, in my viewl was awed
by its size and splendor, its soft car.
pets and shiny brass and mahogany
Yet 1t was very simple.
I hoed the garden and cleaned its
paths and moved the dooryard and die
some painting In the house.
The senator returned to Canton that
evening on the Watertown stage. He
greeted me with a fatherly warmth
Again I felt that strong appeal to my
eye In his broadcloth and fine liner
and beaver hat and In the splendid
dignity and courtesy of his manners.
'Tve had good reports Of you. Bart
and I'm very glad to see you." he said
" believe your own marks hav,
been excellent In the last year." I ven
tured. tFkAbt 3t4ff
Poorer than I could wish. Tit
teacher has been very kind to me-" hi
laughed. "What have you been study
ingT a SAP
Latin Il always mentioned tn,
Latin first), algebra, arithmetic. gram
mar, geography and history"
He asked about my aunt and uncl'
and / told him of all that had befallel
US, save the one thing of which 1 hat
spoken only with him and Sally.
81 shall go up to see them soon." h
said.
The people of the little village hat
learned that he preferred to be lie
alone when he had just returned owe
the long, wearisome way from tn
scene of his labors. So we had tn
evening to ourselves.
Mrs. Wright, being weary after tn
days work, went to bed early and, a
his request. i sat with the senator b,