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MORAL EEFECT OF BUILDING AND LOAN ACCOUNT IN THE COMMUNITY IT IS LOCATED (Aii u<l?lr?<HH < l<"l I v I iHtforo i|i?* HovohUi Anuuitl M?-?(iiik <?f U?u Hon III Otroliiut HulMing <????! I/?mii I.??ku? hi .\l>>H-vilii\ H. "?i ?luiif lioih, i>> < '?|?l , W. M. HIihiiiioii, <lir<'4ioi' himI ntot**rnvy for ll?? liuil<lili|c ami JjOMii .Ahmh IuUoii, of ( 'itiiMlrn, H. <*. { it Ih a pleasure lo respond to your Invitation to ad drains thl? com* volition of the Houth Carolina Hull ding # Loan I ?*??? h and to ad viuii'o some suggest Ions on the "Moral Kffect of a 1 1 il i I <1 1 1? k & Loau Amount," the subject assigned to mo. Tfit h is a congenial atmosphere which J find myself and after thirty yeitfs of ucllvc service ill t hij? work i am a |?ro?iou?n'd enthu siast on i h I h subject; un<t I do not hesitate lo advance tho opinion that an AaHOcintlon cpndm t <>il on broad ami liberal ki'oiiihIh Ih entitled to rank with tho Church and School Uoon.i in it h meat work and In the wtiolceojno and elevating influence which It Ih exercising with the cltl/.on. Tho work of ( >m> three should go Hand In hand, The School room develops tho youthful mind. Tho Church expounds Uh teaching of truth, purHy and vlrtuo. The Building and Loan Association fur uishes tho homo and thereby produces an atmosphere In which tho t oachings <?f tho School Room and tho church develop a higher citizen ship and a higher moral character. This I'm ay seem an extravagant statement i <> ono who has not gone deep down into tho merits of thin system and studied Hs influence and benefits In a community, for most poisons consider these Associations exclusively from tho stftudpoln'l of a profit on tho stock hold in it at* an investment While tho question of profit Ih ono necessary for successful initu .igomcjit it nhould not ho tho ho lo consideration and an Association' should not ho an instrument of op preftslon hy means of which high rates of Interest, fines and penalties are levied upon tho borrower for tho benefit of tho Investor. The original conception and purpose of tho Building and Ix>an plan wa? tiio co-operation of its members In providing homoH for each other and this la sllll the purpose and aim of a well conducted and true Association, ThoKo familiar with tho early h latory of tho Building and Loan Ab Boclatlon find It interesting to follow Its growth and to contemplate i l?o influence it has had In the development of our country. Tho first of thoBe AHHoclatlons in tho United States was estab 1 ishod in the state of i'onnaylvanla In 1831 and to-day Pennsyl vanla has more than l,f?00 AKSociatlons with a membership of nearly half a million and with assets of nearly |200, 000,000, 00. The official roporta for tho year 1011 hIiow that there were in op eration in the United HtateB 6,099 aaBoclatioua with a combined mem bership of 3,332,289, and with a combined capital $1,030,087,131.00, and thla large capital Ih devoted to building homes for the citizens of 'his greut country. Wo all realize that South Carolina baa JiiHt fairly atarted her ma terial development and tho field la ripe for Immenao poHHlbllltlea In Building and Loan work, and we should not neglect tho opportunity. Our people should he educated to the great advantages of these A# Hoclatlona and tho simple and economical methods hy which homcB are providod through them. They should be favored under tho law and legislation should be enacted by which they should he relieved from the burden of taxa tion, tor an agency that provides capital to produco property for tax ation should not itself ho taxed. It will be admitted that the highest degreo of domcntlr i><ipptn^nu and oontontimuit , the loftiest Ideals and tho purest lives are found In those families which gather around their own hearthstone and fireside at night. Wo all know the inspiring ambition of a young couple on their marriage Is to build their own homo. Wo see and hear them st inly ing and discussing plans and their faces light up with anticipation and their hearts go out to each .other as they picture in their minds a cozy little cottage? their home. .Just then and there a purer life and a higher citizenship starts its growth. The moral effect of the home is in evidence. Tho homo Is made possible through tho Building and Loan Association and there i?y mi! moral etrect is produced. The home I i f ? ? . the family lift* Is what Ih required to cultivate and grow orderly livt'H, pure thoughts. kindly and unselfish dlispositions, pure lIveH and highest citizenship and whatever agency makes pos-; slble and provides the home produeos the moral effect. It Is umiHual to fln<l a business itiHtitution which ho completely con stitutor It Keif the guardian or trustee for the borrowing elasR among its members ;ik do these assoclat 1 oiih, and out of this guardianship starts the growth of this "moral effect" which we are considering and which grows in proportion as the t rust Is well administered. This subject should be treated from the standpoint of the borrow er from the fact that this in the largest class and the one which se en res the greatest benefits. We will present .the case of a borrower who files his written ap plication for a loan to build a cottage. This application should al ways be accompanied by plans and specifications for the building. The papers must be referred to the loan committee, which Is an impor tant one and ahouljl be composed of practical men and those having some experience In matters of building. In handling this application this committee should ascertain the financial standing of the borrow er, tln> size of his family and such other facts as will enable them to see that he builds a home suited to his needs. Care should be ob served that a competent contractor undertakes the construction of the house that it may be built, comfortable, attractive and convenient. If the Committee is tactful, intelligent and considerate It will be able to establish cordial relations between tin? borrower and the Asso ciation during the course of these negotiations. 'The borrower grows to regard himself as part and parcel of the Association, his self es teem and .self appreciation are increased, a moral uplift takes place and a higher, clt Izenshlp is created itl him, and the moral effect of the Huilding and Loan work is again in evidence. The business methods of these Associations too is valuable and ben eficial to its members. The systematic and orderly way in which the monthly or weekly payments are col lected Is an excellent business train ing ami promptness in meeting business engagements is thereby culti vated. Habits of saving and economy are encouraged and wasteful ness and improvidence is checked. a community of savers soon be comes a community of small capita lists and the aggregate wealth from small savings builds up various en terprlses and prosperity follows. The practise of imposing small fines upon delinquents is a good dis cipline but should not be excessive or should not be imposed arbitra rily or for the purpose of profit. This practise should be used to stimulate and to encourage promptness in meeting monthly dues. Members are frequently heard to assert with pride that they have 'paid their dues for in. 15 or 20 years and have had no tine charged against them Tints the wholosom effect of this practise is demon strated It cultivates a desire and ambition to stand our as prompt in meeting business obligations and t benefit of this training is a val uable asset Voting men should be encouraged to join these Associations while habits are easily formed under good discipline. Rvcr so small an in vestment in this stock is an advantage through its business training. In its own small way it puts a Premium on promptness in business nffairs. It encourages habits of thrift, saving and economy It ob structs the tendency to Idleness, ?w orldliness, extravagance, the curse of the generation, and leads into channels which will develop char ac ter, business aliility and success and higher citizenship. Just here 1 shall ask your Indulgence, that 1 may recite a few in- i stances coiniv.:: under my observation in connection with Huilding and Loan work Thirty year.- ago 1 was invited to accept the position as Attorney I and to assist in the organization of the Association which 1 represent here today, and 1 am conscious that my long connection with this work and the daily contact with these earnest and enthusiastic men who wer my co-workers in my early life have exercised an influence which is of priceless value to me. 1 soon became impressed with the advantages of this system and pur chased my own home through the Association. 1 paid in monthly In stalments during a period of ten years a, sum equal to a reasonable house rent and the home was discharged from the mortgage . In t h?* long ago, I had a friend who had recent lymnrried. lie was working on m small salary and living in a rented house. lie owned a vacant lot which he had gotten from his father's estate. He was anx ious to build but did not have the means. This Association had just started its work and its plan was explained to him. The result was he built a home through the Association. H paid for a period of about ten years a monthly Instalment which was something less than he hail been paying by way of monthly rent and , he cleared and discharged the mortgage on his premises. A merchant owned a vacant lot on the main business street of the city sufficient to accomodate two stores He was a man of limited means, so lie built a place of business on one half of the lot and left rho other half vacant. It was explained to him that he could advantageously build another store on his lot through the Hulldlng and Loan Association and that his rents from same would take cure of the loan. He built tlie store and it was leased as soon as completed for a sum sufficient to pay the monthly assessments on his loan together with taxes and insur ance. This Association has bult two churches in the city and aided in the improvement of others. In 1893 when the money panic had driven the hank* to the wall and private investor* were afraid to turn loose their money, It supplied from it w monthly collection* the fund* to complete the City traded School, until the school bond* could he sold on the i" 1 1 k. i The*? are only a few of the conspicuous benefits of a well COH* ducted Association In furnishing home*, placet* of business, place* pf public worfbip, public; schools for t in- people of a community Kach Association represented Ik i, bg| fto <l?>u?n hid a iltaillr experience and ha* lent it* aid in building up it* community. Two I nt creating <a*e* which c;l me under my observation were touch lug Instance* Of profound appreciation and gratitude on the part of the borrower. Home years ago a maiden woman with the care of an invalid mother wa* meeting the battle of life by hard labor and living in a rented hou*?. In her de*pair *he approa* lo'd an officer of this Association and atuted her distressing condition. lit* became interested In her case and affected an arrangement by which ?he purcha*ed a small lot and built a modcat but neat and comfortable t hree. room cottage. The woman found it difficult to undorntnucl how It had come about that ?he had a home and t|)at her monthly payment* to the A**ocla lion worn lt)H? than her monthly rem payment* had been. She seem ed to regard It in the light of a dispensation of Providence, After *he whr comfortably settle d In her homo she called on this officer of the Assoclat Ion to thank him for hi* aid, and said to him 1 11 her simple, but ear nest way, "Kvery nlgltt In my prayer* I beg my Heavenly Father to hie** you for your goodness to me in providing me a home." In another ca*e a widow woman with her children wa* living in a rented house. I iy InduHtry and economy she bad Haved enough to buy a small lot In the *uhurb* of the city. Her heart yoarued for a home where *he could gather her children under her own roof, Hhe applied to thl* *amo officer of thl* Association for help. ? In liuiM the borne Was provided by no* an* of n loan. Soon after *he oc cupied her home *he wrote a letter to thl* officer and expro*sed her appreciation in these touching words, "I *hall never forget your kind no** to me, and every night 1 pray God to provide for you a home in ' While thl* poor maiden woman and thl* poor widow woman did not fully comprehend the method through which they had obtained the*? homes, their heart* were full of gratitude which they *o earne*tly ex pre**ed, and they paid a high tribute to Building and Loan Work in a*king the rich ble**ing* of Providence in their dally prayer* for thia of leer of thi* A**oc|aton , The HiiggoHtlon that a man endowed with geat wealth *houId regard himself In the light of a Trustee for till* wealth, and adm!ni*ter it for the benefit of hi* fellow man i* a lofty Idea. It uhpuld not, how ever, be confined to money alone but to buulne** talent* and to bu? Ino** opport unit le* a* well. Let those then who are Identified with Building and Loan work ex tend tills Tru*tee*hip *o as to embrace the force* of capital, business ability and bu*ine** opportunity. Let them labor together to enlarge the field of endeavor and let not t ho cnthuaiaHin diminish until every citizen of this great Republic shall be provided with his i wn home and fireside from which he may each day l*sue 111* prayer of praise and thanksgiving to a Divine Providence. ^ In this great work let u* start at home. We should excite greater enthusiasm in the aunual meeting* of the local Asuoclatlon* through the mean* of short addre**es. Let u* re*olve the*e meeting* Into ex perience meetings. Let the modest citizen state hi* vliew* and opin ion* of the moral and financial advantage* which have come to him through his Association. Start thl* spirit of enthusiasm in the individual a**ociatlon and it will extend to the State League and on to the United State* League. And a* the *plrit grows it will saturate the people, then the Legls altlve bodle*. then the Courts and in time all will join hands in ex panding to Its utmost possibility this grand system of providing homes for and thereby Improving the moral character and elevating the citi zenship of this great country. Would that each membor of thifc convention had the opportunity of attend Irfg one of the annual meetings of the United St ;ites Leagues of Local Building and Loan Associations. J There the picture of this work throughout the United States is dis played before you in its immensity by the report of the Secretary which cover* it* Krow'1' frmn y*>ar to yoa r. ? with ? k-s ? mem bersfttp WeTT up Tn the millions and It* capital well up in the billion* This report is followed by addresses from eloquent and enthusiastic workers in the many Association* of the United States and foreign countries. When you leave these meetings you are possessed with feelings which came over you when you have attended some unusually spirit ed and- attrractlve church service or some unusually pleasing and grat ifying school exercises or some high class and inspiring public ad dress. Your pulsation Is quickened, your heart has grown warmer, your soul has expanded and your citizenship is more lofty, and you are convinc ed that the Building and Loan Association Is sceond to no Institu tion on earth, and is doing for the materal comfort of man what the Church is doing for his spiritual growth and advancement. The moral effect is in* evildence before you and your thoughts turn In gratitude to the great system which is accomplishing so much for mankind Bicycle Repairing Tube Vulcanizing Work that Satisfies is the only kind we do. If you are hard to satis fy, bring your work to us. To Deliver Promptly is Our R ule. H. E. BEARD & CO. 921 Broad St. Camden, S. C. Join Crowd Now at CONNELLY MINERAL SPRINGS HOIEl N'rw M a nimrnii'iil, <-rratl> Im proved l-'ltfiric and other Mi><lrrii Convt'iitrniTs. A spW-mlul minor. il \vat< r for Mal*"ia, 1 m!iK<-st ion. NVrvousross. 1{h<>n ma t ism. and all Blood i ns !**.i ii'oiis ' i >r .1 ?? p.* :ry f . > r its ? line v tr: lies v!,' t ' f atr. u.-<-:iu ats. !*i ? ?? m. i ry -Ri<-roiin?l for .ill. No . "iisumidivis t.iKcn, An : <{??.! 1 plafi- to > i ? ? ? n . ! \n . r \ .!? Ht Ion from <t.mil;>o:n; o VI J S-M-cia! low rates now Jul\ an?l August J ?; to 10 p?-r \v<-?>k temlii r $ K to JS ami low.-r l>v mnn:h W rite for spetMai rat'*. to fa m ;l its in'! ] -art i to WM. JEFF DAVIS. Ohhc ? nml Proprietor. X'onnrlly >j".r N . < The Busy Corner Where Everybody Stops You'd be surprised to know how many people do practically all their trading in the Drug Line at our store. If it's in the Drug Line we have it, and you may rest as sured that the quality and price is right. Take advantage of our phone service. We fill and deliver phone orders promptly and satisfactorily. No extra charge. Prescriptions accurately com pounded. Leave your prescrip tions to us and they will be filled promptly and accurately. A complete line of sick room supplies, such as rubber goods, hot water bottles, icc bags, syringes. Zemp & DePass "The Busy Corner Drug Store" COLLEGE OF St. Genevieve I \>K YOUNG LADIES. Asheville, North (.Carolina. Located in "Land of the Sky," 3,000 feet above sea level. Un surpassed climatic conditions, with mild winters. Five Schools, including, Music, Art, Languages, Expression and Homo Economics. Ideal Home Life. Individual work. Instruc tors hold degrees from European and American Universities. En vironment of Christian culture and refinement. References re quired for admission. Write for Catalog. Delightful accomodations for a few select families during sum mer months. Terms on request. MONEY TO IA)AN ON REAL ESTATE ? EASY TERMS E. C. vonTrMckow. Let The Chronicle sell you your carbon paper and legal blanks. Funerals Directed Wc supply the best of burial goods, con duct funerals and relieve families and ? ? ' ?> . . . ' ? . ? ? ' friends of many unpleasant duties ince dent to death. We are always prepared to serve those who need our service, . mmmmmmSmmmmmmmmrnrnrn mm B. R. McCREIGHT, CAMDEN. S. c. THE EVER IMPORTANT QUESTION How to Economize and Make Housekeepers Happy? GROCERY BARGAINS We buy in large quantities therefore are in position to make some very low prices. From June 1 5th to June 25th we have decided to cut the prices and you will note below the wonderful bargains we are offering: 6, Bars Octagon Soap 25c 20 lbs. Standard Granulated Sugar. . . .$1.00 Barrel Best Patent Flour $5.50 6 Pounds Laundry Starch. . 25c Best Hams, per pound. ! 22c Large stock of Fruit Jars and Jelly Tumblers at Right Prices. Agent* for Arab Horse Feed. If you keep a cow you wank result*. We have the agency for LARRO COW FEED ? the feed that will make richer milk. Trv one *ack ?t*d be convinced. Springs & Shannon An Oil Stove is a Perfect Y ' y' - r *? Joy in Sununer They radiate so little heat; can be placed any where it is coolest. They are ideal for the coming season, and are specially ad i aptable for use in the summer house or camp. Come in and let us give you a les son on keeping cool while cooking in the summer time. We carry in stock one, two and three-burner stoves, with or without cabinets; and you can buy these with or without ovens. Malone - Pearce - Young Hardware Company For Best Service SEE J. B. ZEMP DRAYAOE Kerosine, Gasoline, Wood and Coal.