The Oakley herald. [volume] (Oakley, Idaho) 1908-1961, 1920-01-09

lost by fire, or through decay, and to take care
of the increase in population Consequently we
found ourselves about million homes snort Vi
requirements.
This situation was met or. rather, the govern
nent attempted to meet 1t, by inauguraung the
own Your Own Home Campaign" Everyone
vas urged to build homes because homes were
needed and because it was necessary TO supply
work for the many thousands OF workers VINO
were released from the war activities but LOT
reasons that many were at a loss 10 explain
there were not and have not been as many homes
built as 1t was confidently expected there would
be. The real reason for this fact to my mind' IS
that while everyone was urged TO Duhu hoihe
no method Of financing the home building PROF.
ects was devised, nor even suggested, by the gov
eminent.
To meet this deficiency in the governments
campaign publicspirited citizens In number OF
cities dubbed together and furnished limited
amounts of money to he loaned to home builders
The response to this offer was so great that the
funds available did not reach half way Ihere
were several applicants for loans to every loan
that could be made.
Thus after nearly year of campaigning on the
part Of the federal government, the state govern
ments chambers of commerce in thousands or
cities and by organizations made up or pRnc
spirited citizens little has been accomplished.
Every man Of family wants home of his own.
He knows that he build home for himself
it, But he also knows that before he can build
the home and move into 1t he must have GER
tain sum of money, small in comparison with the
cost of the home, but large enough so that it is
rather difficult to get 1t together. It's that first
payment that has balked the desire of thousands
upon thousands of families to have hosuss of their
own. 1t is to make it possible for everyone to get
together in any easy manner sum sufficient to
build a home that l have suggested to builders,
bankers and the public generally the formation in
every community of "Own Home Savings clubs"
and these clubs are already springing up in many
localities.
The initiation fee in "Own a Home
Savings club" is the desire to own home.
The dues, payable either weekly or month
w. are what the who desires n home feels
that he spare from his income.
The benefits that the member derives from
his club are many. First, he viii have home
of his own. Second, he will money.
Third he will have comfortable place in
which to live; it will cost more monthly
than he pays in rent and after term of
years he win have the greatest of assets-a
home Of his own, all paid for and readily
convertible into cash.
The Inauguration of a "Own q Home Savings
club" is simple. All if requires is initiative on
the part of the bankers of the country They are
the ones who must start these clubs. And after
they are started predict that being member of
an Gown Home Savings club will be as popu-
lar as owning a Liberty bond two was during
the
Before considering the reasons why "Own a
Home Savings clubs will be popular let me ex-
plain more fully how the plan Is conducted.
bank that inaugurates a club should make 1t
separate department, just the Christmas
Savings clubs are. Special pass books calling for
the deposit of certain sum at stated intervals
should be given the members. Tables showing
exactly how long it will require the depostor to
rIata he q needs q ot
his own should be prepared. And knowing what
that sum must be is the vital part of this PLAN fol-
II gives the club member definite objective. Take
away this objective and make 1t Just a plan te
save Systematically and the club will fail. 1t was
having such an objective that made the partial
payment plan of buying Liberty bonds success
The purchaser of a bond knew just how much hi
was required to and exactly how long Il
! would take to accumulate that amount
! BY first helping the members of the club to Sc
| ect the type OF home he wants, and knowing the
| cost of that home, the bank can fix upon the sun
required as the fir payment. For instance II {