Building Association the Logical Answer.

From the viewpoint of the man who wants to save money, a building and loan association is the most attractive thing in sight. It pays six per cent, compounded twice a year. Its security is real estate, the most solid security imaginable.

For the man who can save so little that he hardly thinks it worth while, the building and loan association is the logical answer. It can put his money at work accumulating for him, and earning interest for him even if the amount of his investment is only one dollar a month.

Therefore, if a man has no object but simply to save money as a matter of sheer thrift, there is no better way for him to save than by subscribing to stock in a building and loan association to the limit of his "margin."

But most men, when they start saving, have a definite object. And one of the best of all possible objects is the object of building and owning one's own home.

While a man's money is his own, and money invested in a building and loan association is just as much his own as though put into a savings bank or some other safe place, so that it may be withdrawn when convenient and used for any purpose the owner sees fit-still, 90 per cent of all investors and backers of this enterprise will have before them the one great thought of building homes. The capital of the company will be constantly loaned and invested in such enterprises of individual home-owners, and, as paid back, reinvested again in homes for other people. Not homes to be rented at a price. Not homes to be resold to someone else at a profit. But homes for men to live in, to house their families in-homes where families may lead the kind of life that God intended they should lead-the home life, and do so without the fear of disturbance, ejection, or the interference of some uninterested landlord. A process like that will give every city the beautiful distinction of being a thriving city.-Bridgeport (Conn.) Telegram.

The Safety of the Republic Lies in Its Homes. The guarantee of the future of this country is the great percentage of Americans who own their homes.

Every young man ought to make that one of his highest ambitions. His first money ought to go for a payment on a home and he should join a building and loan association.

out.

Good real estate never decays, never burns up, never wears

Wall Street cannot play with it.

The burglar cannot carry it away with him.

Buy some good real estate.

If you have enough money to start it, build a home.

Join the army of "Home Owners."

Encourage the Home Builder.

Speaking in a metaphor, the soul of the Federal farm loan system, instituted in March, 1917, may be said to be the long life of the note given by the borrower to the government's bank. Given an extended period, the debtor, tiller of the soil, is enabled to make provision for a systematic release of his obligation. The anguish of a contracted maturity which may be affected by a succession of bad crops is not present in his enviable case.

It is attractive and interesting to be told that the twelve banks with their original capital of $9,000,000 have increased that capitalization to nearly $22,000,000 and have paid off $1,200,000 of Federal subscription. There has been distributed $412,000 in dividends. The reserve and surplus amount to more than $1,000,000 and there are nearly four thousand farm loan associations. The number grows as the principles of the system are diffused among the farmers, while the loudly-preached delinquencies to Federal home loan bank which would furnish facilities and capital amount to about 1.4% of the amount due the banks.

The success of this benefaction among the agricultural classes argues strongly for its institution for the use of the working classes of the cities, the object being to encourage home building and owning. With but little trouble there could be articulated to the admirable system of building and loan companies sufficient to install and operate the machinery until it became self-supporting. Such a plan would not interfere with legitimate commercial banking, which, of necessity, deals in short-lived paper and makes its profits by rapid and continuous turn-over of its money. Nor is it socialistic, as incomplete thinkers argue. it is the very antithesis of that scheme of government. building, it may be said, is an excellent antidote for the Marxian poison. Home owners form a stability, a structural strength, a sobriety of thought in every community, and their rise and spread should be encouraged.-Cincinnati Enquirer.

Stop the Leaks.

Indeed,

Home

The bill before Congress which provides for a new 21⁄2-cent piece is not in good favor in banking circles. It is the ha'-penny feature that is unpopular. Its tendency would be to raise the cost of minor services, and place an extra tax burden on the spending public. A 2-cent piece would be of value, but the extra half cent might very easily prove a burden, and used in gross would be anything but a negligible quantity. Apropos of this half cent which the introducer of the bill carelessly throws in for good measure the Wall Street Journal recalls that the late E. H. Harriman once pointed out the importance of these differences so casually and carelessly assumed to be negligible. He asked an operating traffic officer of the Union Pacific how much freight the road was getting from a wayside station his car was passing. "Oh, two or three cars a week," replied the official, easily. "Which do you mean," said Harriman, "two or three? There is a difference of 33 per cent." His vision was wider than that of his subordinate. His mind had instantly multiplied that wayside station by all the collecting and distributing points like it on the railroads of the United States. He knew what the difference between two and three cars meant. It might mean the difference

between prosperity and a receivership.

Take the average person, and let him figure out how many little leaks he has in his finances. If he would only stop and think, that by joining a building and loan association he would put a stop to waste, he soon would be on the road to independence.

Pleasant to Contemplate.

Friend "What's up, old chap; you seem pleased?" Home-owner-"I'm trying to figure how much rent I'm paying myself. The landlord has given my neighbor another boost, so why shouldn't I give myself a little more?"

Montana League Organized.

Building association representatives from the principal cities of Montana met at Helena on February 16 and perfected an organization to be known as the League of Montana Home Building and Loan Associations. The direct incentive was a desire to secure a revision of the Montana state laws to facilitate the operation of home building and loan associations, as was pointed out at the meeting by State Bank Examiner H. S. McGraw and other speakers, among whom were: J. Miller Smith, Helena; Dr. James Chapel, Billings; M. M. Murray, Butte, and George B. Hopkins, Helena.

S. H. Russell, Missoula, was elected president; James E. Murray, Butte, first vice-president; Lloyd Lipp, Billings, second vice-president; George B. Hopkins, Helena, secretary-treasurer. The board of directors consists of the officers and Gordon O. Shafer, Great Falls; A. J. Lochrie, Deer Lodge, and F. B. Reynolds, Billings.

The next meeting will be held in Butte in September.

Nerve Surmounts Difficulties.

Difficulties have developed man-and the world. The thing that looks like old, dull, blue misfortune is usually a blessing with a mask on.

Difficulties develop you. The man who rides on a cushion all his life becomes fat, flabby and no account.

Trouble is of small consequence unless you are a coward at heart. Even then there is a chance for you to overcome it if you try.

Meet difficulty face to face and the old devil starts to back up. Fulton proved it when he built his steamboat. The Wright brothers proved it when they built the flying machine. The submarines commenced to get sick as soon as the depth bomb got working.

Saving may seem difficult at the start, but if you have the necessary pluck you can easily overcome all obstacles and lay the foundation for real happiness. If you need a little help link your fortunes with a building association and you will find the task easy.

Ninety-nine times out of 100, difficulty is only a rock in the way to your chance. Grab your nerve and jump over it.

Good housing spells ample house room, abundant air and sunlight, sanitary plumbing and sewage. It insures health, happiness and contentment, with the willingness and ability to do useful, remunerative labor. It makes for an ambitious people, cultivates good humor, amiability, modesty, and fosters that virtuous domestic life which constitutes the sum total of human enjoyment, and upon whose existence and integrity is founded the welfare of society and that of the state.-Clark.

Τ

Financing Home Building.

ADDRESS BY K. V. HAYMAKER.

THE HOME LOVING INSTINCT.

◄HE desire to own a home is one of the natural primal instincts of every real man and woman. A rented house can never be a home in its broadest, truest sense. No family can acquire that deepseated, heartfelt affection for a rented house that it naturally develops toward a home which they own. What incentive is there for a man to preserve or adorn or embellish a rented house when he knows that his landlord may any day order him to vacate?

But when the place which shelters him and his loved ones is their own, when no one has the right to order him to move out, then the place, however lowly or humble it may be, is indeed a home; then every member of the family becomes instilled with love for the place in which they live. They bevome interested in its adornment, and beautifying. Every tree and flower and shrub which they add to the place, every day they live there, adds to the tender, loving associations entwined about it, until "home" becomes one of the sweetest words in human speech. The gratifying of this deep-seated desire to own a home and the toil and sacrifice and self-denial by which it is won, refines and elevates and ennobles men. It instils in them a self-respect, and instils in others a respect for them that makes them better men and citizens, better husbands and fathers, gives them a standing and position and influence in the community as freeholders or householders, that can never be attained by mere renters or tenants.

DANGERS OF TENANT HOUSING.

One of the most alarming tendencies of recent years in this country has been in the increasing ratio of our population living in rented houses. These rented dwellings range from the sumptuous apartments and flats found in most of our larger cities, down through the ever-cheapening grades and conditions to the horrid tenements found in our city slums. Students of social conditions cannot fail to see in this growing tendency toward tenant housing a distinct lowering and impairment of the ideals of family life. It is certain that a rent-paying tenant misses many of the vital factors that go to make up the highest and most useful type of American citizenship. We frequently hear people boast of the vast wealth and wonderful resources of our country, but we must bear in mind that the most valuable item of the nation's assets is not in its material wealth, nor in its vast industries, nor its mines and factories, nor its farms and its railroads, but the most valuable item of a nation's assets are its manhood and its womanhood, when this manhood and womanhood are of the proper type and character. When they are strong and healthy physically, bright and clear mentally, pure and clean morally, and when they have that devoted love for home and country which we call patriotism; but a citizenship which is lacking in physical health, and mental vigor and clean morals and patriotism, it is no longer an asset, but becomes a nation's heaviest and most dangerous liability.

The character of our citizenship in all these vital respects is so largely the result of and so greatly dependent upon its housing conditions that the great problem of providing proper homes for our people is one of the most vital questions which can engage public attention. The ultimate unit of our national organization, the foundation upon which the whole fabric of our government is builded, is the family, and the family kingdom is the family home. Our national character and the ideals and purposes of our government, are merely a composite picture of the ideals and aims and aspirations that are taught and learned and lived around the firesides of our American homes.

A citizenship made up of renting tenants is always lacking in patriotism. A man is not apt to acquire a very profound love for a country of which he owns no part. Robert G. Ingersoll is credited with saying that “A