The Owosso times., 1922-04-21
BIG NAVY WINS DESPITE REF. KELLEY
OWOSSO CHAMBER
HOLDS LUNCHEON
Several Noted Speakers Ad'
dressed the Assembly on
Various Subjects.

OWOSSO, April 21-The Cham
Der of Commerce held its weekly
luncheon and meeting Tuesday
noon at the armory.
Mr.. Caldwalder spoke for a
short while on the platform and its
securities of the OwoSso Building
and Loan association.
AT present there is $4,000 worth
of first class mortgages in the
hands of the association. said Mr..
Caldwalder In spite Of the slump
in building since the organization
of the association in 1920.
Also this company pays 6 per
cent on what is termed past book
stock, while outside companies
only pay 5 per cent. On prepaid
stock our home company pays 6
per cent, said Mr.. Caldwalder,
while outside concerns pay only 4
I per cent, and ON every 500 share
taken out. 20 per cent dividends are
paid.
To become a member of this as
sociation will cost but 25 cents per
week, while outside. companies ask
So, and to become a shareholder
costs But $75. for each share. Be-
cause of the money being invested
and at the lapse of five years the
per cent interest makes up the
balance of your payment OF $25,
this being left with the company.
This. he declared. was q better
investment for money than the
banks, because of the association
loaning 81 2-3 per cent on the
actual value, although the asso-
citation or company at present is
loaning about AZ per cent on actual
value.
At the conclusion of Mr.. Cald-
walder's speaking, Mr.. Blood spoke
briefly on the same subject. tell
ing of the people who had been
able to build homes in, Owosso
through the money loaned them
from the association. and said,
"that is my belief that this asso-
ciation should be fully backed by
the Chamber of Commerce" No
individual derives any benefits or
salary who is connected with the
company. it being organized only
for the good of the city. and Its
people.
Mr.. Blood also asked that the
business men in the city back the
organization up. and become share
holders.
Afterward Mr.. Sheck was intro
duced to the Chamber of Com
merce. He announced the meeting
of all blooded stock breeders of the
county at the armory Thursday
evening at $3.50 o'clock a banquet
will be served and he extended an
invitation to all Owosso business
men, and said don't forget your
ladies, as they are cordially In
yvited.' t..., siy
Following Mr.. scheck. Mr.. Alex
Anderson, head Of the National
Community service throughout this
state and Indiana, spoke for
short while to the members, prais-
ing them. and especially the COM
mittee on their work towards COM
munity service in Owosso. saying
he was glad to see Owosso as city
with q vision of community life.
and that he would be glad to assist
with the work If need be.
Mr.. Anderson will also speak
next Tuesday at the Chamber OF
Commerce luncheon here. upon re-
turning from his trip in other cities
in Michigan.
Mr.. Seagmiller afterward brought
up the question Of the adoption OF
eastern time, saying that the fac
tories of the city did not show re-
spect for the vote of the people,
upon their adopting 1t and 1t also
showed them as poor losers.
Mr.. Conn made the motion but
afterward had it withdrawn, that
the city stay with standard time,
but advance business hours 80 min
utes earlier. 1t was also suggested
that the city have another vote
upon it. Commissioner Stebbins,
however, knocked this a hard one
when he asked the Chamber OF
Commerce, how it would look to
have another election for Brandell,
because he was beateh by Rosea-
Gear in the election of "commis-
sioner of public utilities? 1t is the
same proposition" he said. After
a heated discussion both pro and
con, Mr.. Dewey suggested the only
honorable way out of this Is to
have a petition drawn up and
signed by tire people in favor of
eastern time, then resubmit 1t to
the commission. Results should
be had by May TO-" he said. Thus
the fans for eastern time were CIV
on a raw Of hone