Evening journal. [volume] (Wilmington, Del.) 1888-1932, 1923-01-16
Building LOANS
INCREASE 80 P. {.
1900 New Shares OF
Stock Issued During the
Year
THRIFT WEEK TO
AID MOVEMENT

According TO a report issued by
the Building and Loan Information
Bureau, y new associations we're
formed here during the year or a
gain OF so per cent. The total num-
Der OF shares of new stock issued
was $4,000.
Governor Denney has officially
proclaimed the week OF January II
10 25 as Delaware Thrift Week. This
j. the same date fixed for National
Thrift Week, and during this time
directors Of building and loan asso-
Citations will endeavor 70 enroll as
many new share holders as possible
in their organization.
The movement TO boost building
and loan associations is not only
supported by thrifty men and wom-
en-, but has the cooperation and
support of all citizens who want to
see their town or city grow
Business OF all characters and the
growth OF every community are
benefited by the building and loan
movement. One building and loan
association in Wilmington that has
been doing business for years and
which ordinarily disposed OF 500
shares OF new series OF stock. sold
more than 1900 shares last winter as
direct result OF the movement for
building and loan associations.
Not only have hundreds OF men
and women become interested in
this form OF thrift by joining new
organizations but the propaganda
for Building and Loan Associations
has greatly benefited the old orLan-
izauons. During the year 1922. one
building and Loan Association in
Wilmington which averaged about
500 shares when. new series was
offered, sold 1900 shares. all OF
which is proof OF the desire of Dell
aware citizens TO save for a rainy
day through Building and Loan AS
sociations
Under laws enacted at the 1921
session OF the Legislature. all Build
ing and Loan Associations come un-I
der the supervision OF the Statel
Banking Commissioner It is the
duty OF the Commissioner to make
an audit and inspect the books of
every association at stated inter
walls each year. Because Of this
supervision. shareholders are as
sured that the money they invest inl
building and loan associations will
be protected as far as humanity pos
sible from all loss.
Churches, lodges, clubs, civic or
CARNATIONS and industrial plants are
cooperating with the State League
Of Building and Loan Associations !
.
cessful movement of its kind ever
attempted in the State.
Directors OF the Ninth Ward I
Building and Loan Association. !
have divided themselves into teams
and viii seek to sell $500 shares OIL
stock in the series beginning this
month. The directors made mos;
rnviable record when the association
was organized. The association has
prospered and grown tremendously
for new building and loan assocla- I
ton but under the presidency OF
Howard A. Turner. the directors are
determined that within the next
wear the total number OF shares sub |
scribed for in their organization
shall be close to the 10000 mark.
In the first series taken by this
there were 1896 shares
issued. In the second series $780,
shares were sold. This makes to-
tai for the first year Of 4,95s shares
sold. There were 40 shares with 4
drawn. 55 from the first and IS from /
the second. At the beginning Of
business this year the association
had a bank loan OF $1,000 and il
was carrying nineteen mortgages for
4 total OF s43,50o
Their building and loan associations
have agreed TO hold open the time