The Idaho Springs siftings-news., 1920-01-02

lost by fire, through decay and to take care
of the increase in population Consequently we
found ourselves about million homes snort Oh
requirements
This situation met, or. rather, the govern
ment attempted to meet 1t, by inauguratng the
Gown Your Own Home Campaign" Everyone
was urged to build homes, because homes were
needed and because it was necessary to supply
work for the many thousands of workers VINO
released from the war activities But 1or
reasons that many at a loss to explain
there We're not and have not been as many homes
built as confidently expected there wouio
be- The real reason for this fact, to my mind' Is
that while everyone was urged TO build n nome
no method of financing the home building prof.
ects was devised. even suggested. by the gov
ernment
To meet this deficiency in the governments
campajgn public-sprited citizens In number OF
cities cubbed 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 There
were several applicants for loans to every loan
that could be made.
Thus after nearly a year of campaigning on the
mart of the federal government, the state govern
ments, chambers of commerce in thousands OF
cities and by organizations made up of public
spirited citizens little has been accomplished
Every man of family wants home of his own.
He knows that he can build home for himself
and his family and pay for 1t while he is living in
IT. But he also knows that before he can build
the horne 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 it together It's that first
payment that has baked the desire of thousands
upon thousands Of families to have homes of their
own 1t is to make 1t possible for everyone to get
together in any easy manner a sum sufficient to
build home that haye suggested to builders.
bankers and the public generally the formation in
every community of "Own Home Savings clubs
and these clubs already springng up in many
localities.
The initiation fee in .Own Home
Savings club" is the desire to own home.
The dues payable either weekly month
w. 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 comfortable place in
which to live; it will cost no more monthly
than he pays in rent. and after 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 Home Savings
club is simple All 1t requires is initiative on
the part of the bankers of the country, They
tba 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 during
the war
BEFORE considering the reasons why "Own a
Home Savings clubs" will be popular let
nlain more fully how the plan is conducted
A hank that inaugurates club should make it
i. separate department, just as the Christmas
savings clubs are. Special pass books calling for
tho depost of a certain sum at stated intervals
should be given the members. rabies showing
.oot1v how long it will require the depositor to
,cnmulate the ne needs to secure home of
lie own should be prepared And knowing what
ho+ sum must be the vital part of this plan for
II qives the club member definite objective. Take
tive ofld maxi fIISt nlar,
- systematically and the club will fail. 1t was
having such an objective that made the partial
nayrnent plan of buying Liberty bonds success
The purchaser of bond knew just how much he
was required to save and exactly how long II
,.ould take to accumulate that amount.
~ erst helping the members of the club to
lect the type of home he wants, and knowing the
cost Of that home, the bunk can fix upon the sum
.snnired rs the first nayment For instance If