Evening Republican, Volume 18, Number 27, Rensselaer, Jasper County, 31 January 1914 — Remington Also Wants to Build—Needs More Money. [ARTICLE]

Remington Also Wants to Build—Needs More Money.

Commenting on The Republican’s suggestions that a building and loan association is needed in' this city The Remington Press says that one should also be organized in that place, Where many with some money desire to build homes and can not borrow from the bank. The Press says: “It has come to pass when there are no respectable houses to rent that can be had and there are any number of people living in what might be termed shacks for all the. conveniences concerned, and these same people or many of them would like to build homes of their own if it were so they could do it in a w£y. they could handle it. Most of them are .paying nearly enough rent for the traps they occupy to keep up the loan dues and If It were being paid in on their own property instead of helping support some owners of miserable property it would do them some good. Ow’ners will frequently do little or nothing toward keeping up or improving these properties. It is now next to impossible to borrow money from the banks or private individuals and a building and loan association, while it exacts big interests, is about the only solution to' the problem. Remington has had one or two such associations and they have been of immense value to the people and another one could now easily be organized.” If recollection serves us rightly Brother Bartoo erected his first home in Rensselaer through a building and loan Association and he speaks from experience in the value of building and loan associations in starting home building. Renssdaer is ready for the organization of one at this time and all who have been interviewed express a willingness to become investors in* order to supply the money needed by those who desire to become borrowers. The Republican is informed that the last building and loan association organized here was on a serial plan and that not a cent was lost by poor loans. It has also been stated that the Ooodland Building and Loan Association, which has been organized for 21 years, has never had to foreclose on more than two or three borrowers. Rensselaer and Remington both need this aid to helping its worthy people erect homes and delay In organization .should not be permitted.