Evening Republican, Volume 18, Number 20, Rensselaer, Jasper County, 23 January 1914 — MANY WOULD BUILD BUT NEED MONEY [ARTICLE]

MANY WOULD BUILD BUT NEED MONEY

Lot Owners With Some Gash Make Fruitless Effort to Building- & Loan'‘Needed.

The Republican office was visited Thursday by T. W. Grant, of, the Grant-Warner Lumber Go, who came to ask our aid in the organization of a building and loan association. Mr. stated that there were a large number of persons who wanted to build houses this spring and summer who owned lots and had some cash but not sufficient to build their homes. They have made fruitless efforts to borrow money from banks hnd individuals and from building and loan associations at other places but have been unable to do so. The lumber companies are unable to carry these people, much as they would like to do so. The writer has talked with others about, this same matter and it is probable that from 15 to 25 houses would be erected here this year if money was. available. There is a scarcity of houses and there are at this time some twenty-five families who are looking for houses into Which to move in the spring. More houses are needed, badly needed, and if they are not built some people will have to move to other towns. The organization of a building and loan association at this time could not supply all demands but it b probable that *it would supply the money needed by four or flvciwho wish to build and would be in snape to supply several more next year. The building and loan associations have helped a great many renters get homes in the past and will help a large number, again and since the employment of mo-, ohanlcs in the building so materially affects business, we believe that aliqost all of our business men will become investors and thus help to swell the fund available for use this year. This is a matter that is of such pressing importance that a canvass should be made at once and the association started by the first of February.