San Antonio light. [volume] (San Antonio, Tex.) 1911-1993, 1923-08-19
SAN ANTON|ANS
IN LARGE LOAN
ASSOCIATION
Central Building and Loan
Association Has $751;
100000 Capital.
TO OPERATE HERE
E. E. Dix Will Be Active
Head Of ORGANIZATION;
Others Well Known.

A number Of well known San An
tonic capitalists and business men
have formed one of the largest loan
associations in South Texas according
to announcement last week and will
shortly open for business here under
the name of the Central Building and
Loan Association with a capital of
$25.O00,O 900.
The incorporators of this associa-
ton are men of large business OK.
perience and appreciate the opior-
tunity for great and far reaching de-
velopment with San Antonio as the
center. The men who have orsaniz-
ed. the association are. all San An
tonians.
The organization will he under the
management of II. j. Wv0tOn, VITO
is an experienced building and loan
man. T.. T.. Dix. CAPITALIST of this
city, who is qualified in rem estate
values and who has acquired Tor.
tune, second TO few al Texas, will
be active president Of the association,
Associated with Mr.. Wooton, secre-
tary-treasurer, and Mr.. Dix. president,
will be George Cannon, OF the law
firm of Hardy and Cannon, in the
Gunter building, who has been TAX
ing care of the legal matters per-
tanning TO the organization of the as
ISOLATION, Willard Cunningham, who
is capable accountant of this city.
and DIR. c. G. Cross. who has been
connected with the H.. ]. Heinz Com
pany. Heinz Company sent DR..
Cross to take charge of a branch
house for them at Houston, but after
visiting San Antonio and seeing its
superior attractiveness he decided to
move here instead of Houston, and
with Mr.. Wooton, will be active in
the association. giving his entire
time TO the business.
Building and Loan is Popular.
"The people of the United States
are awakening to the unfolding of
the building and loan idea with in
terest in its operation and with won
der at its success" says Mr.. Wooton.
land the more than 1900 building and
loan organizations of Pennsylvania.
with assets in excess of S625 900. 600
have increased their assets more than
SIT 100000 during the last year. The
first building and loan association in
the United States was organized. in
that state. Does the building and
loan bear acquaintance There is no
higher rated business in the world
today than building and loan as
ISOLATION, and / know of no business
that i would rather pass on to pos
farlfx- than N nant n
ization of this character. not organ
lied to make rich the promoter, but
to give TO the wage Garner and
small business man, an avenue for
thrift and economy by helping him
to save and reach that vision enshrined
in the heart of every. man and wo-
mana home.
again. the Wall Street Magazine
contains this reference TO the invest
ment feature, which is true: Build
ing and loan associations have come
to be recognized us an integral part
of the financial system of the leoun-
try, if only because of the part they
play in the BODYBUILDING world, but
in recent years they have forged
ahead in another way: That is. as
Investment institutions offering a
good investment return on monies left
in their care Building and loan as.
sociations provide ideal facilities for
the practice of thrift.
They offer plan which encour-
ages the saving of money and makes
it easy and convenient. At the same
time they employ these savings in n
way which is profitable to him who
saves. The dividends which small
sums will earn are an item of in
come obtainable in no other way.
There is no safe form of investment
by which small savings can be made
to- draw interest at so profitable a
rate as is obtained in a building and
loan association. The Home Savings
and Loan association OF Nevada, Mo-,
with S1S,000,000 Of assets. last year
paid its members nine. per cent divi-
dends. This is the, class of service we
shall give to the wage Garner, or bust
ness man of San Antonio on any
sums large or small"
The five men who are the incor-
porators of the association will give
literally of their time to its success
and their purpose will be to popular
ize the building and loan in the city
and state and TO make of this the
| lorUact np0opizofion &c itS Lind IN tho