The commercial. (Union City, Tenn.) 190?-193?, 1922-04-14
BUILDING and LOAN
ASSOCIATION HERE
Lions Committee Booking Subscrip-
tions for Capital Stock.

tkOuo lOI OoplIo1 otOOh'
The meeting last Tuesday wa
turned almost exclusively into a bus
mess session. Mr.. Ellsworth mad
a general report on the operation o
a building and loan organization
He made some Investigations at Full
ton last week. The organization wa
started there with capital of 500,
600 and has been increased severa
times since. At Mayfield the income
there is $4,000 a month. There il
reason for a building and loar
organization in Union City, and fol
such an organization a capital stocl
of $20O,0 900 is recommended. Mem
berships are confined to a limited
amount of stock. For $1,000 in stock
a monthly payment of Sc is made
which at the end of nine years
amounts to $64S and this entities the
member to the payment of $1,000 in
cash Loans are made for building
purposes, which are paid in to the as
sociation in the shape Of installments
for period of years. By that means
hundreds of homes can be added to
the city and the citizens can easily
become home owners. Surely an as
sociation is needed in Union City.
The committee heretofore appointed
to investigate the matter was retain
ed to make campaign for organiza-
tion and subscriptions of several
thousands of dollars were made be-
fore the meeting closed.
A resolution indorsing and eulo-
gizing Mr.. r. R. Rose for establish
ing livestock and trading days in
Union City was passed unanimously.
Mr.. Rose is man of indefatigable
energy and enthusiasm and he is for
Union City. He has undertaken and
in large measure succeeded already
in making first Monday and third
Saturday special days in Union City
for general trading and shopping.
He proposes to make these days red
letter days in Union City and to make
Union City one of the greatest trad
ing centers in the State. He is heart
and soul in the work and he is to be
depended upon to deliver the goods.
The Lions bank on Mr.. Rose and the
newspapers and business men are
giving him fine support. Rose and
Union City will be heard from if they
hold together, and there are no pres
ent prospects of separation.
Mr.. Hugh Smith suggested the
discussion of street improvement in
Union City. The appointment of
committee of investigation was pro-
posed, and, according to some Of the
members Of the Board of Aldermen
present, this committee is not to in
terfere with the work of the board |
but to coordinate with the board in |
developing some improvement plans.
Dr.. Turner appointed the committee
as follows: Chas. Dietzel, H. NJ
Oliver, H. o. Vincent.
A committee to assist Mr.. Rose in |
publicity work was appointed as fol-
lows: W. F. Tate, J. w. Kerr, E. H.
Marshall.
W. G. Reynolds made a talk on
the subject of livestock, emphasizing
the fact that this is one of the most
important industries in the State,
and that livestock is two-to-one in
1estment for all corn and feed grow
srs.
Mr.. Bob Fox, of Obion and Mr..
Curry, of Troy, were present and in
yited to speak. Mr.. Fox is interested
n the jeff Davis Highway and sug-
yested that w. G. Reynolds be ap-
pointed to represent the Lions at a
Meeting of the JEFF Davis Highway
at Jackson, Miss, Mr..
Reynolds was duly elected to this
commission.