Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1923-09-27

| Inc 25th annual meeting of the
| Maine League of Building and Loan
| Associations was held in this city
yesterday morning and afternoon.
About 100 members were present. At
the morning session Mayor Leon O,
Tebbetts gave the address of well
| come and President Omar w. Tapley
| or Ellsworth responded. l.. E. Thay-
err OF Waterville led discussion on
| the subject of Methods Of Increas-
ing Interest in the Loan and Build
| ing Association Plan" and Thomas
"A. Saunders of Portland gave an in
teresting report on his trip to. the
national convention.
The following were elected officers
Tor the coming year: President, Omar
| w. Tapley of Ellsworth; vice presi =
dent. Harry o. Gurdy of Rockland:
secretary, and treasurer Harry +.
Thompson of Brunswick; executive
committee, A. A. Springall of Dex-
| ter, Sumner W. Johnson of Portland.
| l.. f. Thayer of Waterville. B. E.
| Clark of Bar Harbor, Robert F. Part
ridge of Augusta.
a banquet was held at the Elm
, wood Hotel at lis at which about
125 attended. Hon. Carroll L. Beedy
of Portland. congressman from the
, first district, was the speaker. Con-
on his experiences in Russia.
! After the banquet the meeting adj
I journed to Elks hall, where + l..
keesler of Charlotte. y. c.. gave an
address concerning the spirit of loan
and building associations. and gen.
eral business was taken up. Owing
| to the lateness of the hour, Judge
| f. c. Reynolds, who was to lead a
discussion on the Duties of Di-
rectors.' asked to be excused and it
! was voted that the judge should be
one of the first speakers at the Goth
annual meeting.
The morning meeting opened at
IL o'clock following the address of
welcome and the response Mr.. Saun-
ders told in an entertaining way of
his trip to the national discussion.
Then the following committee on
nominations was elected: Charles II.
| Adams of Bangor, w. H. Bowden of
Waterville, and John II. Sherman of
Portland. The committee went out
| and returned with a list of officers
| that was promptly accepted.
AS Hon. Fred Foss Lawrence of
| Skowhegan, the State bank commits
| sioner, was unable to be present to
give an address, L. +. Thayer, who
was scheduled to speak in the after
| noon, opened a discussion on Meth
DDS Of Increasing Interest in the
Loan and Building Association Plan.
| At the beginning of his talk Mr.
| Thayer asked his audience if they were
| aware of the growth of the association
He said that he was anxious to hear
| suggestions on ways to increase the
| service and efficiency for the people OF
| the State of Maine.
| There should be some we'll defined
| Of hafOra
| people," declared Mr.. Thayer. Il find
| in advertising that the most effective
method Is to give examples in dollars
| and cents Of shares just maturing
| The speaker then asked for a general
| discussion.
| The members responded readily and
among the suggestions offered were
| that the front window be used for ad'
| vertising; that much attention Should
| be paid to the value of real estate
| that people wanting loans are much
easier to get than depositors; that a
! sliding scale Of forfeiture of divi'
dends on shares not kept until maturi-
J ty might be instituted.
| Following the discussion the meet
| ing adjourned to the hotel where fine
| banquet was served. At the close OF
the dinner President Tapley introduced
| Congressman Beedy.
IT used to live in Waterville." de-
clared Mr.. Beedy. smiling. This morn
ing 1 wanted to go across the fields tc
the little house where 1 used to live
The city had all grown up and it tool
me three-uuarters Of an hour to fine
the house."
On the Goth of last July Mr.. ant
Mrs. Beedy returned from a trip te
Russia, where they studied the condi
tions ery,thoroughly. Yesterday aft
ernoon Congressman Beedy's address:
was mainly a story of his visit te
| Russia.
II have been in Russia. land where
there are no building and loan associa
tion," said Mr.. Beedy. MY interest
was aroused in the country some years
ago by something Mrs. Beedy had read
and was telling me about. One day
heard that Senator Borah was going tc
Russia, but when 1 was talking will
him one day in Washington 1 found
that he did not intend to go. I told
him that 1 was much interested in the
country and would like to go there
Mr.. Beedy said that Mr.. Borat