Putnam patriot., 1926-07-16
Is a Home Building and Sound Investment Institution of Sys-
 tematic Saving Speaks Before the Norwich Rotary
 Club Wednesday

Agent John Reardon of the Gros- venordaIe Company. employing hun dreds of hands in North GroSyenor- dale and Grosvenordale, praised the Building and Loan Association both from the angle of a sound savings in stitution and means for the laboring man to acquire his own home in a com prehensiye address before the Nor wieh Rotary Club. Wednesday. July Il. Mir. Reardon is a member and past president of the Putnam Rotary Club. He said in part:
 Dollars For Homes
 Building and Loan Associations have become one of our2 best recognized forms of saving because of the fact that every dollar put into the bank goes for building of homes as a gener- al rule, thereby adding Co the invested capital of the community in which t Is located. 1t is a form of banking that is both profitable and a pleasure to be connected with It is profitable from the fact that your money is in- vested in the finest kind of collateral. and that is real estate.
 
 an that takes advantage of it's liberal but stringent rules and becomes an owner of a home And show me the man or woman who has not dreamed of that eozy cottage. or bungalow. and through the coming of Building and Loan Associations were encouraged to take out shares that were payable and after very short time has elapsed. could see their dream come true tell you, that joy is not theirs alone.
 l. is a neiehborhood one. a town one. it is not alone the individual who owns the home that benefits but the entire nation You have made that home builder a desirable citizen. he will take more pains b find out about his tax rate: he watches the town or city governments more closely; ha aaalyzes more closely the government doings and is alive ta many fhings that would pass over his head if only just a poll tax payer believe Build ing and Loan Associations are one ef the best possible assets te any com munity, they are as sound as any oth- or form of banking, the business is supervised by the state as other banks are, and the rules laid down arc strin- gent.
 Take Out Shares
 My advice to any young man or woman is take out shares in your Building and Loan Association and watch your savings grow. My advice also to you men and women who are looking for safe places for your spare cash is take shares also in your asso- citations, the returns are in keeping with sound banking principles in which your money is safeguarded by first mortgages.
 have been interested in this form of saving many years. I have seen homes built that l believe would not have been so except for such assoeia- tions.
 There was time when banking in- terests in small towns drowned down on them. but that time has gone by, for no reputable man can raise his voice in condemnation of them; on the contrary they are and should be well comed by all banking interests for it's purpose is solely the building of homes and that goes good in any com 
 I am enthusiastic over this form of saving because it is systematic and sound. ! believe there are many thou sands of homes in our country that would never have been built but for these associations. l have backed this judgment for many years myself by investing in them The first thousand dollars ever saved was through them and well l remember how large it look ed to me. SO ! say to the men who give of their time to look after them, you are performing a labor of love and are sncEi a.ll-n nnmr gnnd lime for lhe hem