This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 Excerpt: ...of life and property against a possible mob. There were six of these institutions in 1885, and there are fifteen to-night. There is no mistaking the significance of that. A building and loan association is organized only when there are enough men with a surplus of money to make them profitable. Six were sufficient to ...
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This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1910 Excerpt: ...of life and property against a possible mob. There were six of these institutions in 1885, and there are fifteen to-night. There is no mistaking the significance of that. A building and loan association is organized only when there are enough men with a surplus of money to make them profitable. Six were sufficient to do the business of this town two years ago--we have fifteen now. And the working people of Atlanta are paying now for homes or for savings through this one agency, perhaps $10,000 a month, or $120,000 a year, that they paid for something else when liquor was in Atlanta. Where six building and, loan associations were sufficient to do the business of this town, that is, to furnish money to build homes on installments, fifteen are required now. Take the question of banks. There was one savings bank here in 1885; to-day there are four, or, I believe, five. One man testified to me that he has $60,000 in his bank, the earnings and savings of the working people in this city. His bank did not exist in Atlanta two years ago. Where did that money go then? We had, in 1885, $1,300,000 banking capital and surplus. In the last two years we have added $1,325,000 in capital and surplus, making $2,625,000 in banks, against $1,300,000 two years ago. I do not believe there is a record like that in any city in the South. In two years we have more than doubled our banking capital and accumulation, and that, too, without counting the bank of Mr. Gould, now building on Decatur Street, or the new bank whose charter is advertised for by Messrs. Adair, Fitten, and others; the bank of my good friend, the Hon. David Mayer, who will soon have in a bank in this town a comfortable fortune, that was formerly in the wholesale liquor trade. There is nothing more necessary to At...
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Add this copy of Complete Orations and Speeches... to cart. $49.33, good condition, Sold by Bonita rated 4.0 out of 5 stars, ships from Newport Coast, CA, UNITED STATES, published 2012 by Nabu Press.
