Evening star. [volume] (Washington, D.C.) 1854-1972, 1931-04-14

continuing the business from year 70
year instead Of winding up business 81
the end Of q series and beginning again
with another series as the companies
usually operated in those far-on days.
The plan was adopted from Philadel.
mia. where all details were Obtained
for starting operations. Mr.. Hartmg s
store was soon outgrown as Q meeIns
Mace and Disner's Saengerbund Han,
IN Eleventh street between r and @,
saw the drafting Of the constitution and
on May IA the launching Of the organ
Station on its long career. The aSsocia-
tio1 started on with the following OF
Charles Herman, president: George
walker. vice president: Gustav Hartig,
treasurer: Leonard Eckert, secretary;
Henry II. Bergman, assistant secre-
tary.
OLA Way Of Paying Dues.
Meetings were held once . month.
Menbers' names were called on alpha
betically and as each member was
called be or she would step up ana pay
their monthly dues. After all names
had been called the money was counted
bv the directors and checked with the
records Of the secretary and treasurer.
The money was then offered TO pros.
pectiye borrowers for the purpose Of
buying hcmes.
The associations first ONCE was
above the German-American National
Bank, at Seventh and Z streets NORM
west. where Hecft's store now STANDS.
In 1884 the association moved to the
first foor Of the Pacific Building, now
q part Of Hecht's store. In those days
ofice hours were from 3 to 0aily.
Fourteen years later, in 1898, the aSSo-
CATION moved again. this time to the
second National Bank Building, At 300
Seventh street. occupying One-half o.
that building until March, 1907, when
the association purchased its own nome.
the McGovern Building. at 62e + street
northwest. That same year the COM
pany took another interesting step. Up
Is that time all the records had been
kent in the German language but after
that they were changed to English.
IN 1918 the MCGOWAN Building was
torn down to make room for . new and
modern banking building, which has
been the home once Of the association
ever since.
Sacks with Firm Fifty Years.
Some unusually long terms Of serv-
Gee are revealed among the officers and
directors of the company. OF its or
ganizers, Eckert J. Sacks Is stiu active
being president of the association.
John J. Clipper, the auditor, has been
q director for 80 years. Carl J. Berg
mann. for "a years assistant secretary,
Is now the treasurer. John Henderson
has been director and appraiser for
2S years. CHRISTOPHER Rammlihg has
been on the directorate for 20 years,
while John, Waldman has been d.
rector for Is years.
The association within the past four
years has lost three prominent ofncials
by. death. II. II. Bergman, one OF
the organizers, was director ana treas
urer for ~ years and president Tor
years. He died In June, 1880.
Another honored member was J. A.
MaedeI, secretary, attorney and presi-
dent for 80 years, who expired In Sep
tember, 1927, while Louis q. Oster-
mayer. secretary for n years, died IN
July. 1927.
Company's Present Onicers.
The present officers, In addition to
Mr.. Sacks, are John Henderson, vice
president; c. J. Bergman. treasurer,
and Hermann II. Bergman, secretary.
The directors include:
John Waldman, G. Rammling, John
II. Clipper. James r. Ellis. 9. Chester
Caywood, Max Walten. Joseph N. Saun-
ders and Clyde H. Miller.
Assets the first year were $5o.624.So;
IN 1891, s567, 400. 40; In 1901, $1,000
T3e.O7; in 1911, 1922 $685.: In 1921.
s3.A3l 1857 SO, and in 1881, 97,530, 005.14.
Loans made since organization total
sos. 097, 500; total stock paid in since
organization, $40, 706 $50, and total divi-
dends and interest paid since organiza-
ton 1882 T01.