qualified homestead association managers in the city. He was born at Baton Rouge and got his schooling in the State Industrial institution at Ruston. The Crescent City association has assets of over $800,000.

At a recent meeting of the board of directors of the Magazine Building and Loan Association, of New Orleans, J. Philip Lavigne was elected secretary. Mr. Lavigne has made an enviable record with the Crescent News Company in eight years. He is progressive and a great advertiser and has many friends in the business world.

Through the consolidation of the Homeseekers' Homestead Association and the Crescent City Building and Loan Association, New Orleans, one of the strongest home building institutions in that city has been organized in the Crescent City Homeseekers' Association, which name has been adopted by the board of directors of both associations, who are now members of the consolidated concern. P. A. Capdau was elected president; V. E. Silvester, vice-president; Robert Rougelot, vice-president; M. J. Hartson, vice-president, and David Hughes, secretary. The main office of the new association is located in Union street. There will be a branch office at 611 Frenchmen street.

The Dryades Building and Loan Association, of New Orleans, has assets of $611,548; reserve fund, $14,365. W. H. Oertling, secretary.

The Third District Building Association, of New Orleans, shows assets of $502,627. W. F. Scheele, secretary.

¶ The fifty-fourth semi-annual statement of the Shreveport Mutual Building Association shows assets of $1,641,031; contingent fund, $50,000; undivided profits, $13,136. Mr. W. J. Bayersdorffer, president of this association, is also president of the United States League. Philip Lieber is secretary. This is the largest local building association in the South.

The election of the board of directors for the ensuing year was the only matter of business transacted by the stockholders of the Shreveport Mutual Building and Loan Association, who held their annual meeting last month. The directors chosen are as follows: Andrew Querbes, Ben Holzman, S. Hohenthal, William Winter, M. M. Levy, J. C. Abel, H. Braunig, F. G. Snyder, Isaac Barron, Peter Garson, Fred Martel, J. W. Peyton, Jr.; Chas. F. Gordon and William J. Bayersdorffer.

The Jackson Building and Loan Association, of New Orleans, with capital stock of $5,000,000, is increasing its business at a rapid rate. Jacob Nienaber, president; Dan J. Chevalley, secretary.

MAINE.

The Cumberland Loan and Building Association, of Portland, was organized May 14, 1890, and has had a successful career since.

MARYLAND.

The Perpetual Building and Loan Society, of Cockeysville, elected the following officers: President, Peter Mulcahy; vice-president, Joseph A. Carnes; secretary, Wm. B. Pindell; treasurer, Alexander D. Brooks; solicitor, Robert H. Bussey.

The New Building and Loan Association, of Easton, announces that it will undertake to finance sewer connections for those who are unable to do so from their own resources. The plan is simply to contract and pay for sewer connections, the amount to be repaid on the weekly payment plan. This should be a great boon to the owners of property with limited re

sources.

MICHIGAN.

The Mutual Home Savings Association, of Grand Rapids, has just issued a beautiful twenty-fifth annual report, showing assets of $1,961,972; reserve fund, $41,853. They have 4,202 accounts, having 46,000 shares. Use of money loaned: To build 93 homes, $192,200; to buy 36 homes, $46,450; to pay 52 mortgages, $65,050; to pay 33 contracts, $50,975; to improve 10

houses, $10,600; miscellaneous, 44 loans, $60,725. Size of loans: Loans of $3,000 and over, 22, $105,250; loans of $2,000 to $3,000, 46, $107,050; loans of $1,000 to $2,000, 124, $173,675; loans under $1000, 76, $40,025; average amount of loan, $1,590. W. C. Sheppard, secretary.

¶ The Detroit and Northern Michigan Loan and Building Association shows assets of $2,701,957; reserve fund, $59,287. C. D. Hanchette, secretary; F. M. Penniston, cashier.

The mutual home and savings associations of Grand Rapids have made wonderful progress during the past year. The five active associations of Grand Rapids last year received $2,469,467, or about $8,000 every business day. A total of 630 dwellings were built during the last year, and 203 of these were made possible by money supplied by the building and loan associations, and not one single home came back on the hands of any of the associations. In Michigan the gain in assets last year in these associations was the largest ever known, being almost $2,000,000, or about 9 per cent over the assets shown one year ago.

The Building and Loan Association of Hancock has changed its name to the Detroit and Northern Michigan Building and Loan Association. W. H. Faucett, Charles Smith, W. H. Thielman, W. B. Hoar and C. D. Hanchette were elected directors for three years, and the following officers were elected: President, S. B. Harris; vice-presidents, Henry L. Baer and P. H. Paine; secretary-treasurer and attorney, C. Hanchette.

MISSOURI.

John Kickham, former sheriff of St. Clair county, and former sewer commissioner for East St. Louis, for the tenth consecutive year was reelected president of St. Patrick's Mutual Loan and Building Association, of East St. Louis. Frank Wall was re-elected secretary, and M. P. McCarthy,

EUROPEAN TOUR

of members of

United States League of Local Building and Loan Associations, 1914

Sail from New York, July 31st, following the

National Convention, Washington, D. C., July 29-31, 1914

To attend the

International Congress of Building Societies and Building and Loan Associations, London, Eng., August 11-12, 1914 Headquarters: Hotel Metropole, London

treasurer. The association is thirty years old and has about 300 active members.

¶ The annual meeting of the stockholders of the Jackson County Mutual Loan and Building Association was held at Kansas City. The reports showed total assets of $1,145,579, including. a surplus of more than $247,000. The earnings during the past six months were 41-5 per cent, besides which $1,200 was added to the reserve account. The old board of directors was unanimously re-elected, as follows: John Bayha, Leon Block, Alfred Hart, Alexander Hyman, J. W. McCurdy, N. J. A. Rindskopf, H. C. Schwitzgebel, Nathan Schloss, Fred S. Seligsohn, Luke F. Wilson, R. Wolfson. ¶ The American Home Building and Loan Association, of St. Louis, is growing rapidly, having assets of more than $100,000, having increased in assets in the last six months over $30,000. Louis F. Yeckel, secretary.

The Mound City Building and Loan Association, St. Louis, at its annual meeting, held last month, elected the following officers: S. J. Stewart, president; Has. Hackel, vice-president; James M. Rohan, secretary-treasurer; E. Brueneman, G. H. Donnewald and James M. Rohan, real estate committee; A. H. Donnewald, chairman finance committee; Henry J. Walters, chairman building committee. This association has been in successful operation since 1883, and has made loans to date amounting to $911,095, and has paid its shareholders $222,604 in profits.

MISSISSIPPI.

The fourth semi-annual statement of the Biloxi Building and Loan Association shows assets of $26,431. V. J. A. Tucei, secretary.

ΜΟΝΤΑΝΑ.

The annual meeting of the stockholders of the Pioneer Building and Loan Association, of Gallatin county, was held at Bozeman. The reports showed the association in good condition after a prosperous year. All the officers were re-elected, as follows: A. B. Carow, president; J. H. Baker, vice-president; W. W. Livingston, secretary; S. G. Phillips, treasurer: Geo. D. Pease, attorney; P. C. Waite, George H. Willson and E. H. Fisher,

trustees.

NEW JERSEY.

John H. Burke, known as "the man who made Lyndhurst," died at St. Mary's Hospital, Passaic, where he had been ill with pneumonia only two days. Mr. Burke served as town clerk, member of the township committee and Freeholder. He was a director of the Rutherford, Carlstadt and Harrison building associations. Mr. Burke leaves a wife and six children.

The Sunday edition of the Newark Call of April 5th had a special Building and Loan edition. This is a large publicity proposition for the home building and loan movement of Newark; in fact, the entire State of New Jersey will find it a great benefit to building associations of that section. This was prepared by Mr. W. E. Ehlers, editor of the Building and Loan Department of the Call, which has an interesting department each week.

The Fourteenth Ward Building and Loan Association, of Newark, closed its twenty-eighth year of business in encouraging thrift and the construction of homes, with assets of $2,088,048, represented by first mortgages on improved real estate. The substantial position the association is in and its steady growth are indicated in the report of A. M. Linnett, president, showing an increase of $270.578 in assets over the preceding year and the transaction of $1,476,557 of business at an expense of but $6,112. Profits of $10,158 were paid on shares withdrawn during the fiscal year.

¶ William McKenzie, known as the "father of East Rutherford," died at his home there recently from paralysis. He was seventy-three years old, was born in Glasgow, Scotland, and came to this country when a boy. He was president of the East Rutherford Savings and Loan Association. He leaves a wife, four sons and one daughter.

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FIRE AND TORNADO INSURANCE.
AGENTS WANTED.

Insurance Co. of North America.

PHILADELPHIA, PA.

Capital, $4,000,000.00

EST'D 1792

Assets, $17,816,188.57

Surplus to Policy Holders, $8,884,871.95 This Company was doing business when George Washington was President.

W. N. JOHNSON, Gen'l Agent

B. L. WEST, Ass't Gen'l Agent

76 West Monroe Street, Chicago, III.

The Conservative Savings and Loan Association

ORGANIZED DECEMBER 39

W. B. Johnson, Gen'l Agent,

Dear Sir:

76 West Monroe St..
Chicago, Ills.

In re Tornado of March 23, 1913.

We desire to congratulate you and the Insurance Company of Horth America for the prompt and very satisfactory manner in which you adjusted our tornado losses aggregating over $80,000.

In deciding upon a company with which to transact business of Buch vast importance to our Association, it is gratifying to know that we selected one of such strength and reliability.

NEW YORK.

¶ The Irish-American Savings and Loan Association, in its constantly growing successful career of nearly thirty years, has, according to its last statement, amassed a subscribed capital of $6,530,810, with assets of nearly $2,000,000. It has never paid dividends of less than 62 per cent on maturing shares, and the members of this association are paid 4 per cent on the money that they can draw at any time. The records of the Irish-American Savings and Loan Association show that deposits of $1 per week amount to $520 in less than eight years; that in the same time $2 per week amounts to $1,040; $3 per week to $1,560; $4 per week to $2,080; $5 per week to $2,600; $10 per week to $5,200, and $20 per week to $10,400. The wellknown officers of the Irish-American association, responsible for its success and development, are: Wm. J. Forsyth, president; John Hughes, vice-president; James Hanrahan, treasurer; Joseph W. Dooley, secretary; Wm. J. Frawley, assistant secretary.

The South Brooklyn Savings and Loan Association, of Brooklyn, shows assets of $1,161,582. James H. Strain, secretary.

¶ The Pioneer Building, Loan and Savings Association, of Troy, is soon to celebrate its twenty-fifth anniversary. From a very small beginning it has developed into one of the most important savings_institutions of its class, having a surplus fund a little under $50,000. Elmer E. Stanton, secretary.

Hon. Eugene Lamb Richards was appointed Superintendent of Banks of New York by Governor Glynn.

NORTH CAROLINA.

In discussing the work of the building and loan association the Davidson Dispatch refers to it as "the greatest town-builder." Such associations are indeed town-builders. In Winston-Salem, as well as in other cities, they have had much to do with community growth and progress and their record of achievement is one of which the entire citizenship may well be proud. The building and loan idea is constantly growing in popularity, a fact that is significant and encouraging. Other conditions being similar, the city with the most home owners is the best city and one of the most potent factors in making possible a community of home owners is the building and loan association.

The Lexington Building and Loan Association continues to grow. At last accounts 364 shares had been sold in the new series and there were good prospects for other sales. The 500 mark, set by Mr. C. E. McCrary and Captain Thompson, is in sight and it looks like they are going to make it. The income of the association is now sufficient to build a thousanddollar home in Lexington every month. That will help.

The Mutual Building and Loan Association, of Charlotte, has assets of $888,346. E. L. Keesler, secretary.

Insurance Commissioner James R. Young returned from Dunn, in Harnett county, where he addressed the business men of the town in regard to the operation of building and loan associations. A building and loan organization has only recently been formed in that town, and the people are very enthusiastic over the new enterprise.

ОНІО.

The North Fairmount Local Loan and Building Company, of North Fairmount, Cincinnati, has increased its capital from $600,000 to $1,200,000. The Covington Building and Loan Association increased its capital from $800,000 to $1,500,000.

The Reading Building and Loan Company increased its capital stock from $1,000,000 to $2,000,000.

The West Side Savings and Loan Association, of Cleveland, shows assets of $1,700,168. Jacob Haller, secretary.