The Wilmington morning star., 1940-09-16
Modern Business Home
Is Opened By Willetts
10 House Cooperative B. And
L.. And Willetts Realty
Company

The Cooperative Building a n d
Loan association and Willetts Real
ty> company will reopen for bust
ness Monday morning in their new
quarters at the same location at
124 Princess street.
There will be a public opening
from Z until 10 p. m. so as to give
the public an opportunity to look
over the new building.
The new equipment in the build
ing enables the association to rem
der a service surpassed by none
and the telephone system provides
facilities for giving customers i'm
mediate information.
The changes will give the asso-
citation more room, which has been
badly needed, as a result of the
tremendous growth of the organi-
cation during the past five years.
Completely rebuilt, the building
has newly plastered walls, a light
green interior, with walnut board
encircling the lower part of the
walls, tile-tex floors, fluorescent
lighting, a beautifully designed
steel counter, finished in walnut.
New facilities for serving the
public include a complete set of
desks and furnishings to match,
featuring a lobby set of varied CO.
lors for the convenience of custo-
mers.
Outside the building is finish
ed in modern style, with fluores-
cent lighting silhouetting blue let
tering against a white background.
and at night displays a most
unique and dignified appearance.
The ceiling of the new quarters
is the very latest in cello-tex and
gas heating equipment is arranged
SO that machinery may be set up
for air conditioning in the summer.
The association was founded in
1898 and was organized by Thomas
H. Wright, who served as secre-
tary and treasurer until 1888, when
Frederick Willetts succeeded him.
Willetts had been serving as as
sistant secretary up until that time.
Wright, though still active as a di
rector, now owns and operates the
Acme Fertilizer company.
Willetts says the Cooperative
Building and Loan association is
now prepared to render a service
in taking care of an anticipated
growth in business and at present
is making more loans than it has
in its history. It is anticipated tina
approximately a half million dol
lars in loans will have been made
by the association during 1910.
Officers of the association are:
Joseph H. Hinton, president; who
has occupied this office for 81
years; James E. l.. Wade, com
missioner of public works, vice
president; Willetts, secretary anc
treasurer and executive officer o.
the association.
Willetts has been identified fol
a number of years with the state
and national leagues, having
served as president of the NORTH
|Carolina Building and Loan league
in 1886. He has also held severa
national offices.
E. Moseley Fonvielle is assistan'
secretary and treasurer and ha:
been general assistant to Willetts
for a period of five years. Attorn
eys for the association r K. o
lBurgin and Cyrus D. Hogue, both
of whom have been directors ane
attorneys for the association fol
over 20 years.
Directors are: j. H. Hinton, T
A. Henderson, L.. R. Hummell
James E. L. Wade, C. D. Hogue
C. B. Parmele, J. H.. Hinton, Davie
S. Harriss, K. o. Burgin, Fred
erick Willetts, and Thomas H
Wright. The association has beer
operated for AZ years with a recore
of never having a loss.
Willetts has acknowledged re
ceipt of the following letter from
Dan C. Boney, insurance commits
sioners: Permit me to join tn
many friends of the Cooperative
Building and Loan association Il
extending sincere good wishes ant
congratulations on the opening o
your very attractively modernizee
home.
THE improvements which have
been made are in keeping ane
within themselves an indication O.
the splendid progress and develop
ment accomplished by you:
,,.oo;,+;o, TIpop r~oference IN fhf