The Daily Alaska empire., 1937-07-22
BUILDING LOAN
 OFFICER LAUDS
 ALASKAN FIELD
Vice-Pres. Tobin of Central Ohio s. & L. Addresses
 Directors, Local Concern

Stressing that right now is the most favorable time within his knowledge for the establishing and developing of savings and home loan institutions, especially those operating under a Federal Govern ment charter, Don l.. T'obin, of Columbus, Ohio, addressed a group of directors and members of the six -month-old Alaska Federal Saw ingS and Loan Association of Ju- neau, following dinner here last evening at Percy's Cafe.
 Mir Tobin is making a roundtrip vacation voyage to Southeast AL aska cities aboard the Canadian National liner Prince Robert, in company with Mrs. Tobin and their small son and small daughter. MT. and Mrs. Tobin attended the dinner given in their honor here while the steamer was in port, north bound. MT. and Mrs. T. A. Morgan were host and hostess.
 Are Shown Sights
 Following the arrival here of the Prince Robert, and preceding the dinner, the Tobin family and two of their friends from Columbus who are also making the tour, were driven out the highway and shown Aux Bay, Mendenhall Glacier and other sig ght ts in the Gastineau Channel district by MT. and Mrs. Morgan.
 Opening his remarks, MT. Tobin declared that this, his first, trip to Alaska has left him with a pro- found impression of the immensity of the country, and the relative tininess of mankind when com pared to the huge area. T think I will still feel pretty small, even when I get back to Ohio, after gazing on your mighty mountains, rising sheer from the sea-" he said.
 His Promotion
 His IT years in the home loan field, much of which was spent in helping to promote a $300,0O0 con- cern into the billion dollar Central Ohio Savings and Loan Company of which he is now President, have left him, MT. Tobin stated, with realization of the worthwhile nature of savings and loan work.
 Not only is savings and loan institution a profitable business venture, it is also a worthwhile addition to any city. Those con- nected with it can well be proud of their part in the rearing of the backbone of the life of the city and the nation, homes."
 Government Insurance
 The insuring, by the Federal Gov ernment, of savings deposits and of mortgages gives the greatest opportunity yet known in the sav- ings and home loan field, he de- clared. From what knowledge of the Territory I have gained, Alaska would seem to present a wonderful field for the development of just such Federal Association as you nave instituted in Juneau. If you VIII remember to build slowly and soundly, with each of you directors taking an active personal part in the promotion of your institution you cannot fail. A parent company | With branches in Alaskas principal cities would seem to be real neec Of the Territory. There is nc reason why your institution should not develop to fill that need.
 Your first dividend, declared a four per cent, is high" he con. tinued, but I advise you to main, tain 1t. Just watch your expense, and you should be able to do so The savings and loan idea is { sound, and not a new idea. Tn, principle came to the United State from England and has developed in all parts of the world. The frs such American institution was es abolished in Philadelphia 1O6 year