The Butler County press. [volume] (Hamilton, Ohio) 1900-1946, 1922-01-27
MANY HOMES
BUILT IN 1921
Ohi0ans With Good Construction
Record For Last Year Will
Celebrate "home-0 Owning
Day During Thrift Week.
PUBLIC SAVING MONEY NOW

Most Home Financing Done Through
Building, Loan and Savings Corn
panies, Whose Depositors Have
Not Lost a Single Penny During
the Last 1s Years Benjamin
Franklins Birthday viii Find
ohioans Practicina His Doctrine
of Economy.
Columbus, o. Especially -Ohioans
! can truly celebrate Home Owning
| Day this year, inasmuch as they built
| six times as many homes during 1921
as they did the previous year Home
| Owning Day" has been observed for
| the last few years in connection with
the observance OF Thrift Week"
which has become period OF national
celebration throughout the United
/ States during the latter part OF Jan.
uary.
Ohio is the second greatest home
|
of her largest cities, Toledo, is the
| greatest homecoming city of any OF
the 30 largest cities in the country.
| More than one-half the homes owned
! In Ohio are unencumbered
The best investment any man can
make is to own his own home. accord
ing to financers Every man who can
possibly do SO should get busy right
now TO reach this goal, these author
tiles advise. Ownership of even a
! modest plot of ground and an equally
| modest home makes you feel that you
are "a part owner of the United
States" according to many home
owners.
How Homes Are Built.
Homecoming in Ohio is financed al
most entirely by building, loan and
| savings institutions There are more
than 700 such institutions in the state.
with combined assets of $545 500, ,211.
Despite the magnitude OF their opera
tions, not single depositor has lost a
penny OF his money in any of these
| institutions during the last Is years.
Last year more than one million Ohio
ans We're patrons of building and loan
institutions, Building, loan and saw
ings institutions are, primarily legal
ly safeguarded financial institutions.
from which the laws OF Ohio undertake
| to eliminate all possible speculative
features They are controlled by a
splendid code of laws first enacted
about 1892 There is legally estab-
lished Building and Loan State De-
partment, with corps OF capable and
expert accountants This department
examines the sworn annual reports
from all associations and the exam
iners or accountants annually inspect
and audit the books Of the associa-
tions The State superintendent of
| Building and Loan Institutions sees
that the laws relating to these in.
| stitutions are enforced The state
recognizes the need for such institu-
| tions and secures the savings or the
| public by the proper safeguards Be
cause of the real need for such insti-
tutions and the good they 10. the
state also exempts them from the
state corporation tax and for the
same reason the federal government
eNempts them from the federal in
come tax, while depositors, are ex
empted on incomes. up to $500 90 ac
cruing from building and loan stoci
and deposits
Farmers Also Are Aided.
These Institutions seek to estab
] iish a fair and equitable relation be
| tween the money saver and the bor-
rover who offers real estate secur-
ity, paying to the one fair net in
come on his money semi-annually
and TO the other loaning money at a
fair rate of interest on easy terms
OF payment They accept the pub
hes money in small sums by the
week or month. or in large lump
sums. They are conducted econom-
icauy and their patrons get the full
benefit OF their earnings Therefore
| they pay larger and fairer rate or
income to money savers and in
vestors than do banking institutions.
Building and loan funds are loaned
almost exclusively on real estate
| AS result, money placed with build
| ing and loan institutions aids in
building up the home community,
making it one OF homecoming and
home-loving people. In recent years
these institutions also have given
attention to farm loans, and they
offer unusual advantages to the
farmer in the matter of long time
loans fair rates and partial pay
ments. Loans were made to 1855
farmers in Ohio last year
Hundreds of home owners who
have financed their homes through
building and loan associations are
enthusiastic about saving money in
these institutions, which are oper-
eted for service rather than profit
alone. Such home owners urge those
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