The St. Charles herald. [volume] (Hahnville, La.) 1873-1993, 1920-02-07

Tort by fire, through decay and to take care
of the increase in population Consequently we
found ourselves about million homes snort Vi
requirements.
This situation met, or, rather, the govern
ment attempted to meet it. by inaugurat1nS the
Own Your Own Home Campaign EVer!ohe
was urged to build homes, because homes were
needed and because it was necessary 10 supply
work for the many thousands or workers WIN
were released from the war activities But 1or
reasons that many were at d loss 10 eApiail
there were not and have not been as :,any homes
built as it was confidently expected there would
be- The real reason for this fact to my mind is
that while everyone was urged to build nome
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. philosophical citizens N number OF
cities dubbed together and furnished limited
amounts of money to be loaned to home builders
The response to tlfs offer so 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 a year of campaigning on the
part of the federal govern ment, the state govern
ments, chambers of commerce in thousands or
cities and by organizations, made up of pubic
spirited citizens little has been accomplished.
Every man of family wants home of his own.
He knows that he can tuild home for himself
and his family and pay for 1T while he is living III
IT. But he also kn3ws that before he can buiid
the horne and move into il 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 homes of their
own 1t is to make it possible for everyone to get
together in any easy suanner a sIm suinclent 10
build home that Fave suggested to builders
bankers and the public generally the formation in
every Community of "Own Home Savings clubs
and these clubs are already sprlnging UP in n;ihy
localities.
The initiation fee in an "Own Home
Savings club" is the desire to own home
The dues payable either weekly or month
" are what the one who desires home feels
that he can spare 4rom his income.
The benefits that the member derives from
his club are many. First. he will have a home
of his own. Second, he will save money
Third he viii have comfortable place in
which to live; it will cost more monthly
than he pays in rent. and after a term of
wears he will have the greatest of assets-a
home of his own. all paid for and readily
convertible into cash.
The Inauguration Of Gown Home Savings
club" is simple. All it requires is initiative on
the part of the bank ars of the country. They are
the ones who must start these clubs. And after
they are started predict that being member of
an "Own a Home Savings club" will be popu-
lar as owning a Liberty bond or two was during
the war.
Before considering the reasons why "Own
Home Savings clubs" will be popular. let me ex-
Main more fully how the plan is conducted
hank that nangurates clb should make 1t
n separate department, just the Christmas
Savings clubs are. Special pass books calling for
the deposit of a certain sum at stated intervals
should be given The members. Tables showing
exactly how long II will require the depositor
accumulate the sum ne needs to secure home of
his own should b. prepared. And knowing what
that sum must be Is the vital part of this plan, for
II gives the club member definite objective. Take
away this objective and make it just plan to
save Systematically and the club will fail. 1t
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 save and exactly how long ii
wonld 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 sum
..nuirad as the first payment For instance ii a