The Newark journal., 1920-01-15

each year to replace those lost by fire or through decay, and to take care of the increase in population Consequently we found ourselves about | million homes short of requirements
 This situation was met, or rather, the govern ment attempted to meet it, by naugurating the .sown Your Own Home Campaign Everyone WAS urged to build homes, because homes were needed and because it was necessary to suppS work for the many thousands of workers who were released from the war activities But, for reasons that many were at a loss to explain there were not and have not been as many homes built as it was confidently expected the2 would be The real reason for this fact, to my mlnd, IS that while everyone was urged to build q nome no method of financing the home building proJ- ects was devised even suggested, by the gov ernment.
 To meet this deficiency in the governments campaign public-spired citizens in number or cities eluhbed together and furnished limited amounts of money to he loaned to home builders. The response to this offer great that the funds available did not reach half way, There 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 ol cities and by organizations made up of public spirited citizens little has been accomplished
 Every man of family wantssa home of his own. He knows that he can build home for himself and his family and pay for it while he is living in it. But he also knows that before he can build the home and move into il he must have eer- tain sum of money. small i'll 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 baked the desire of thousands upon thousands of families to have homes of their own Ii is to make 1t possible for everyone to get together in any easy manner sum sufhelent TO build home that I have suggested to builders lf. lfa- every community of "own Home Savings clubs, and these clubs are already sprinsing up in many localities.
 The initiation fee in an own Home
 Savings club" is the desire to own home.
 The dues payable either weekly month
 Iy are what the one who desires home feels
 that he can spare from his income.
 The benefits that the member derives from
 his club are many. First he will have home
 of his own. Second he will save money.
 Third. he will have a comfortable place in
 which to live; it will cost no more monthly
 than he pays in rent, and after Il term of
 years he will have the greatest of assetS-a
 home of his own. all paid for and readily
 convertible Into cash.
 The inauguration of Own a Home Savings club" is simple. All it requires is initiative on the part of the bankers of the country. They are inc ones who must start these clubs. And after they are started predict that being member of an gown a Home Savings club" will be as popu- lar as owning Liberty bond two was during the
 Before considering the reasons why Own a Home Savings clubs will be popular. let me ex- t,ain more fully how the plan Is conducted
 A bank that lnaugurates club should make 1t T separate department. just as the Christmas Savings clubs are Special pass books calling for the deposit of a certain sum Ut stated intervals should be given the members. Tables showing exactly how long it will require the depositor to accumulate the sum ne needs to secure home of his own should he prepared. And knowing what that sum must be is the vital part of this plan for if gives the club member definite objective Take away this objective and hake it just plan to save systematically and the club will fail It was having such an objective that made the partial payment plan of buying Liberty bonds success. The purchaser of bond knew just how much he was required to and exactly how long |. xouId take to accumulate that amount
 By first helping the members of the club to se- feet the type of home he wants, and knowing the cost of that home. the bank can fix upon the sum reoc'red IS the first payment. For instance. if II