The Birmingham age-herald., 1921-02-25
RAPID GROWTH OF CITY MAKES HOME
 COMPANY ENLARGE
Capital Stock Goes From Six to Nine Million Dollars Yes
 terday - Demand for
 House Building Reason
By RICHARD F. JOHNSTON

ShoWlng the groWCn or birmingham and the demand for housing on the part of it's people, the Alabama Home Building and Loan assSiation voted yesterday to increase it's, capi- tai stock from $6,Oo0,OOO to $9,0O0,- 900.
 The increase was demanded by the growth in demand for paid-up and monthly installment stock of this home building concern, which is re- ported to be greater than it has ever been.
 Previous increases in capital stock made necessary by the growth of Bir- mingham were as follows:
 Twelve years ago increased from s2,o0O,o0 to s3,O0o,0o0.
 Seven years ago increased from $S, 100000 to S6,0o000o
 All the increase in stock voted 12 years ago had been taKen up by citi- zens of Birmingham and. in order to keep pace with the city's demand for housing investment, the increase voted yesterday became necessity.
 JANUARY RECORD
 Illustrating the amount of money that is being put in building and loan associations at this time in Birming- ham, the Alabama Home reports the sale of $5oO.000 of monthly savings stock in the month of January. De- mand for this nature of investment was never quite so keen.
 As examples of the aid extended to securing business homes, the Alabama Homes cites the recent financing of two garages, a downtown hotel, large printing shop and number of suburban brick stores. Aid is extended these enterprises on precisely the same basis as when extended in the pur chase of private homes. The real estate and first mortgages is the uniform plan.
 This company, like other modern building and loan associations. not only lends money for the purchase, repair and building of homes, but fur nishes plans and gives expert advice to the homeseeker free of charge. Recent public statement of the per sonnel of the company's stockholders shows that they come from every strata of life, the richest as we'll as the people of moderate and very mod
 
 loan association is a clearing house of the community home seeking people of all classes.
 ATTRACTS ATTENTION Success of the Birmingham buil1- ing and loan associations has attracted attention far and wide. Tuscaloosa and Anniston have been visited by Bir- mingham building and loan managers at invitation of parties in those places contemplating the institution of build ing and loan associations and they have been also invited to Andalusia and Gadsden on the same errand Numbers of inquiries from the east asking how the Birmingham institu- tons are conducted have been received. This is regarded as especially sgnifi- cant, inasmuch as the east is the birth place of these institutions and they are most numerous there. Such cities as Baltimore and Philadelphia have been built by building and loan asso- ciations.
 We had to make the increase, {" said W. V. NJ. Robertson, Jr, because the $6000000 of stock was exhausted. It had been taken up and in order to accommodate the people who wished to invest both in the paid-up and monthly installment stock, we were forced to make the increase The growth of Birmingham is the reason"