Omaha Daily Bee Newspaper, November 11, 1894, Page 16

THE OMAHIA DAI LY BEE: SUNDAY, NOVEMBER 11 nier. mad For this stylish Drawer Chef 1t is finished antigue, well and well worth $10.50. PRICE, $9.45. le Parlor Cook Stove; ha on top for ¢ For this new st large oven, 2 1id; modern improvements, EASY TERMS. $10.00 worth of Goods, $1 week or $6 $25.00 worth of Goods, $1.50 week or $6 month, $50.00 worth of Goods, $2 week or $8 month. $75.00 worth of Goods, 52.50 week or $10 month. $100 worth of Goods $3 week or $12 month. $200 worth of Goods, $4 week or $15 month. month, oking, and all reduced from $17.50. We place ning tomorrow 100 plush and tapestry Par lor Suits from one of the Dbest faotorfes in the east these suits are worth ev- ety cent of but our price will be 39.50 B —. aroans 1 Garpes. L§ A5 worth § .65 | 28 worth .50 54 worth 1,00 Just hard-u; from & in recelved manufacturer on sale begin- morning the cast 500 hard wood ex- tension table finished §1 $5.80 tables; with es full set of leave antique, worth price tomorrow our 4,000 yards Heavy Stair Carpet. 3,000 yards Ingrain Carpet. 2,000 yards Brussels Carpet 75 worth 1.25 2.38 worth 5.00 1,000 yards Velvet Carpat . 500 Smyrna Rugs...... 200 Moquette Rugs 2.95 worta 7.50 260 Kasmir Rugs ... 2.50 worth 4.50 100 pair Irish Point Lace Curfains.. 2.86 worth 7.50 200 pair Noltingham Lace Curtains.. 1.25 woith 4.00 3,600 Window Shades ... 24 worth .75 | 225 pair Tortieres . oo vveusonos 2.50 worth 6.50 B RATUEN RS TR e e e e 0 DO AWOTLIES 00 .45 worth 1.00 as 200 Hassocls. oo vesee Send 10 cents to cover pistage on big '94 catalodue, e e e We will offer, b tomorrow our ent of Wardrobes at reduced prices; special mention 1s made of a lot of fifty that are worth $16.00; our price beginning temorrow nning stock greatly FOR OMARA. OLE AGENTS On sale begin:ing tomor- row, 2000 yards Ingrain Carpet; these are all sam- ple rolis from one of the largest mills in the east patterns are all stylis nd new; price should ¢ per yard, but we them for 38¢ will 500 Base Burners........ 358 Oil Heaters. . . 450 821t Coal Heaters.. ... . 210 Cannon Stoves 5) Wood Stoves . 185 Ol Heaters 340 Cook Stoves. . 68 Laundry Stoves 48 Ranges [5 holes 35 Parlor Cooks . . 1,000 Joints Pipe. 1,000 Elbows. .. . 2,000 Dampers. . . 15-4317 EARNA M S MAMMOTH INSTALLMENT HOUSE. Write Dr Baby Cirrirge and Stovs Catalogues, mailed free. Open Monday and Saturd Just arrived is Great § Stoves, which for than the iron; eve anteed to fectly; price $13 ut s 1 Soves, L $41.65 worth 675 worth 5.00 worth 3.50 worth 4.25 worth 4.90 worth .. 8.00 worth 3.75 worth . 10.00 worth 9.45 worth . .09 worth .09 worth .08 worth 1y Evenings. perate In time for ale—600 Onk will be sold the cost of y one guirs per- should "~ be will be $22.60 12.50 10.00 6.50 §.50 850 16.00 7.00 19.00 17.50 The Empire Infested with Anarchists, THE TWO HOUSES Congressmen at ¥ Year—The Emperor and His Connection (Copyrigat The war with China is taking away from Japan, for a time, a class of men who have materially disturbed the government to the Soshi. on the face of the globe. & cross between striker, and though they e part of the empire, I have never seen them described in peuliar feature of the modern Japan, and are the product of the old feudal sytem married to the modern civilization. during the middle ages. The Daimios, or no- bles of the country, owned the greater part of the land, and each had a number of soldiers | or Samural about him. all soldiers, and the Daimio was expected to | support and the Dalmios gave up their estates men were out of a job. different branches of trade. ber went into the army. Some were employed in the new government, and today the class is practically bowever, are these bands of Soshi, who are young sell themsel est bidder political meeting is filled carry sword-canes, and during el papers are of Soshi a8 to how one prominent man, by his Soshi, man, two ' fought During my stay in Japan one of the mem- | bers of Parllament was waylaid by the Soshi | of Kis opponent and well pounded other was attacked about ing, while on his way in a jinriksha to the | house of Soshi. ink and sulphuric acid at him, and it struck | him on the shoulder, but fortunately did no damage. of his own Soshi with him, and these men | who threw handed him dent occurred on the 224 of last from my notes which I took at the time I record how twenty of a polltical newspaper and stoj itors. have some of they go about over the country cases they ride on riges, and \These Soshi anvl it ganized to L cleties of them who work together for their | mutual bevefit, and who are, in fact uf thugs, assassins, their food and clothes, day they will do anything. rested you are expected to pay them for the | time they stay in prison luxuries They ti-foreign element of the country. of ‘one | trouble with §10 between them, and the girl had friends bands JAPAN'S SOSHI ASSASSINS would tices would threat conclug Blackmailers and Political Strikers, over OF P/RLIAMENT The r Hundred Dollars & these with Members—Jupanese Prosperity of the Countr: ances— been work stuck 1804, by Frank G. Carpenter.) Te Amon I refer | our | MacCa no other men | MacC They are a Kind of |y anarchist and political | Soshi t in nearly every These are like an they school mobbe letters of travel. They are a Mr. I Dun, men court ho and t Japan, you know, twenty-five years ago much like Europe o i Soshi These Samural were | 2} | down them. When the revolution came | mob, these | They took up with | A large num- | hold for it the m down ing to the r wiped out. Springing from it, men, many of whom are ready to| es and their swords to the high- Every politician has a number | connected with him, and every | with them. They | cctions the | Soshi band | feet | statements | accompanied ther states- | how the the stre H( them The full upon of the another, attacks of and of havin, was his the mot by Soshi, matter out an and on with Thurn | - | was ¢ and o fore ew coach saw with on He told the and an- Parliament, | the morn- man, also a member of 9 o'clock in representatives, One of them by ten of these threw a bottle of red | K He luckily happened to have two after the Soshi of the opposite the bottle and caught over to the police. party him and This inci May, and rlage as it him never dersta that on May 19 the Japane and oshi attacked the d the ed- | New in Japan | He lo them when W Tn some| 1 o of the car- | o' g they follow along on | goghi in m ude been papers The most of these the officlals Soshi with tho outside in others A SET OF PROFESSIONAL THUGS are numbered by thousands, {s surprising how well they are or- Qutside of those who are attached | soliticlans, there are bands or so- | place ties bands | ates blackmailers and strik- | glve their services for and for $2 or 3 a If they are ar- | Some of them the thelr back th and to send a few now and then 1o the Jail are not at all fond of for- hers, and they form a large part of the 1 heard f @ foreigner who had some irl. There was & question of gethel izatiol tanee tion, ment, among the Soshi. must pay. matter was to pay the bill. guaranteeing that by any Soshl in the count AMERICAN dently afraid of them, and it wonder of Tokyo which read ms shown American preparations MacCauley at government was responsible for keeping the in any through look. coward, pounds through the influence of ex-Senator Allen G Japanese Soshi on both sides of the road office | Japanese hundreds upon hundreds of lawyers and doc tors more th brightest government |to stay out surrectionary would be a bad element in case of a revolu- of the new Japan. The leader of one of the called upon the man and told him he He refused. They then said they inform his employers of certain prac- which he had been carrying on, and mix them with lies about others. They ened to assault him, and he finally ded that the cheapest way out of the When he handed him a receipt not be troubled rapidly up to the time of the present war, This will probably carry off a good many of them. THE JAPANESE PARLIAMENT. Speaking of the Japanese Parliament, it is the baby co of the world, and it is one of the most interesting legizlative bodies in existence. It has two houses, which sit in a building not unlike a great seaside hotel in its architectural structure. It is made of frame, and s of two stories. It is situ- ated in the center of Tokyo, not far from where the Shogun laid down the barbarous laws of the past, and just outside of the moats which run round the palace grounds. There Is a wall around it, and when the houses are in session you see about 500 black jinrikshas, ~ with bare-legged men in butter bowl hats sitting in them and wait- ing for their masters, who are inside. You have to go through a narrow entrance, so smail that only one man can get through at a time, in getting to the reception room and also in going into the hall, and this s probably to prevent the danger of a rush by Soshi or others, There are plenty of officers dressed in uniform, and there is as much rcd tape as about the houses of Parliament in London. The two houses do not look much unlike our senate and house. The desks run in concentric circles back from the rostrum, on which the presi- dent and vice president sit, and they are more like school desks than like those of our congress. The seats are made 8o that they can be turned up like opera chairs, and some members from the back districts the money they he gave would MINISTER AND THE SOSHI of the government as regards they were evi- has been the of foreigners that they have not put down. They have carried on their openly, and a sigo:board was recently up in one of the main business parts “'Soshi provided here, the day or month in fact, who have much nerve in the matter are minister and the Rev. Clay auley, the head of a school in Tokyo Unitarian minister of great prominence pan. For some reason or other the became incensed at Dr. McCauley, and warned him that he must give up bis They told him that he would be ed it he did not, and they made all to carry out their threat. Dr. went to the American minister, and told him the situation. Mr who, by the way, is one of the best who has ever represented us at the of Japan, was very indignant, and once went to the foreign the secretary of state that action people has shown that moderate for g the men Jun, old up and kneel on their seats or sit cross- legged upon them. They do not keep their hats on, as they do in England, and their modes of prccedure are more like the Reichs- tag than those of our congress. The most of the members dress in European clothes, though now and then you find one wearing a kimono. in order, and that he proposed to drive Dr. MacCauley in the legation carria to the school on the day fixed for the and if they were insulted or attacked way the American government wouid the Japanese government responsible The Japanese officials at once touk natter in hand and the Soshi were put upon this occasion. The streets lead- » the school were lined with police, and esult was that Dr. MacCauley passed unharmed and unmolested by even THE TWO HOUSES. The membership of the fwo houses Is about the same. The upper house is called house of peers, and it contains about members. ‘ll comprises the aristocrats the Japanese empire, and contains, in the first place, all the male members of the imperial family of the age of 20 and up- ward. Thus, the crown prince will be a member of this house when he gets to be 20. It also contains members selected from the eleven princes and ty-eight mar- quises, eighty counts, viscounts twenty-nine barons of the empire. men have to be elected by their own order and their number is restricted. In addition to this there are some whom the emperor has made members on account of their learning and of the services which they have done for Japan, and it is probable that the present war will largely increase this number. . hen there are certain members, who come from the different counties and disfricts in Japan, who have been nominated by the emperor and who are chosen by the vote of the fifteen men in each district who pay the highest taxes. Those who are members on account of their blood or have been ap- pointed by the emperor are for life. Those elected by different orders and by the tax- payers are for seven years. With all this it is questionable whether the upper house contains the brains of Japan. The house of representatives, like that of our own, is the noisiest and the ablest. It also numbers 300, and any man can be a member of congress | who is of Japanese birth and over 30 years of age and pays a tax of not less than $15 a year. A Japanese has to be 25 years old before he can vote, and voters must have a similar tax-paying qualification to members of congre:s, A LAND OF LOW Japan is a land of low salaries. The offi- clals do not get half as much as ours, and the members of the house of peers and of the house of representatives receive 800 Japanese yen and their traveling expenses The yen is now worth about 50 cents, - %0 | they receive in reality only $400 a year. Our congressmen, yon know, receive $5,000, The presidents of both houses receive 4,000 yen, and the emperor appoints the officers of the house of pe and he selects those of the house of representatives from three can. didates who are elected by the house All of the voting in the Japanese Parlia- ment is done In secret ballot There Is a great deal of speech making, and’the repre- sentatives grow very excited when they dis- cuss the measures relating to the goverp- 00 of )W MR. DUN SURPRISED THEM. American minister is by no means a and it would not be safe for a to attack him. He nds fully six n his stockings and he weighs about 200 He has lived in Japan for sears, g been sent there in the first place man, who is his uncle. He speaks the as well as the English, and he smployed in the legation as interpreter onfidential secretary for some time be- his appointment as minister. Last Year, when out driving, with his man and his footman on the seat, he three of the most desperate Soshi sword canes in their hands the road in front of him new they did not like hin but he the coachman to drive slowly As saw him they ranged themselves 80 that his car- would have to pass between them, and came opposite one of them lled at the Japanese word for ‘“fool,” | supposing that he would un- it. Mr Dun ral his hat, the politest and most polished of | pald him the compliments of the Year. The Soshi was thunderstruck. oked very sheepish and turned away HERE THE SOSHI COME FROM sked a number of the prominent men pa Including Cou Ito, whence the came, and I was told that they were 08t ¢ disaffected and unsuccessful nts. Thousands of young Japanese have studying professions, and there are and in SALARIES, n are needed. The government are all overcrowded, and the universi- have been turning out gradu- by the hundreds a year. The students have been picked out by and sent abroad to fnish When they have come they have been given positions, and who were not s fortunate have had The “outs” have banded to. and they have formed these organ- which are, to a certain extent, in- in their tendencies. They educations. T, ns. and they form one of the worst features They havg around Parlia- and they have been growing in numbers who have been more accustomed to sittMg | on the floor than on chairs, now and then get | | ment. The emperor has the right to dis- | solve Parliament, and he has dismissed the |last two houses because they seemed in- clined to cut down the expenses beyond the | possibilities of running the government. The | dissolution caused a great deal of excitement over the country, and the new election was much feared by the administration. The | country seemed to be torn up by the dif- | ferent " factions, but this has been ail done away with by the war with China, and the emperor will get the money he wants from | now on. JAPANESE FINANCES. Speaking of Japanese finances, it Is won- derful how the people have come to the a sistance of the government in this war. The bonds have been subscribed for even more eagerly than they were during our civil war, and millions of dollars more money has been offered than is needed. The condl- tion of Japan at the time of the war was per- haps as good as that of any government in the world. The debt was practically nothing and the. treasury had a surplus of more than twenty million dollars. As soon as war declared the people began to in contributions, and patriotism ex- ists to such an extent that the richest men of Japan would impoverish (hemselves rather than see the country lack money. Japan has for the past generation been on the up grade, and its people have been fast growing weaithy. A look over the Japanese stock reports shows that nearly every institution in the country is paying dividends, and some pay as high as 10 and 20 per cent. The railroads have all been giv- ing good profits to the stockholders and the stock is not watered there as it is here. There are now about 6,000 stock companies in Japan, the most of which have sprung up within the past ten years, and some of which began In 1877 g The emperor has great power over Parlia ment, and the constitution s o adroitly worded that he can a independent The laws provide that congress shall vote all the thoney, but that the last budget shall be in force in case a congress s dissolved | without passing news appropriation bills. The emperor can veto all laws, and he can proclaim a law whe Parliament is not sit- ting. He still holds the chief command of army and navy, the right to make war or peace, and to conclude treaties, and he can tonfer such titles and pardons as he pleases Parliament has no right to interfere with his household expenses, and his cabinet go before the different houses and defend the administration. -1 don't know that the laws proyide where congresa shall meet, but the fact that the emperor has called them to Hiroshima, which is,° I judge, nearly miles west of Tokys, shows that he can do as he pleases in thisamatter. "Phese companies efabpace mines, railroads, silk factories, cottona factories, banks and all sorts of mercantdlé firms. In about 500 of the factories steam is now used, and in something like 300 the power is steam and water combined. re);x‘uns as to its business, and it 1s possible to learn just how the eountry stands finan- clally. Since the war: prices have gone up everywhere, and onthe top of all this the rice crop and the tea crop of the pres year are about onesthied larger than us This fills the peoMets of the farmers with money, awd [ it adds millions to the wealth o the country. In estimating the expausem of the present war, the economical liviag of the Japanese must be taken into accoumt.) The clothes for their soldiers cost less than eurs, and they can be fed on one-third the amount quulled vlor any army of the same size in Europe. The government has considerable avadlable prop- send of loans. She owns many good the way :mn of the rallroads, terest above their cost and penses, and which could be sold for something like $60,000,000 necessity. & it A Caduntss s Rev. Bverett 8. Stackpole, been himself a Methodist missionary, has published a book entitied, “Four and a Half Years in the Italian Mission; a Criticism on Missionary Methods.” He believes that the appointment of apostate Roman Catholic priests as preachers of Methodlsm has been » grave mistake, operating ex- 1 am told, in case of D.D., who has of it. | 400 | Ewery institution publishes | | 00-OPERATIVE HOME BUILDING | Srty outside of that which she is gettng in | gs7 Gog g | provoked a general demand for state Instructive Facts Oollected by the National Commissioner of Labor, MUTUAL TH LT IN THE UNITED STATES A Valuable Work Dealing with the Origin, nt Condition of Assoc Development and Pre Bullding and Loan tlons—How They Operate, The ninth annual report of Hon. Carrol) D. Wright, commissioner of labor, is de voted exclusively to the development of build- Ing and loan assoclations in the United | States, | dertaken by the national government, and | is remarkably complete, considering the dif- ficulty of securing the necessary data. There is not only a large variety of building and loan systems in vogue, but an almost total lack of uniformity in reports of assoclations. | Until a very recent period state authorities, while encouraging their development by tho enactment of laws, did not attempt to safe guard them by official supervision. The widespread growth and popularity of the movement, and the attempts of speculators to employ it as a cloak for their schemes, regula which was readily of many states. tion and restriction, granted by the authorities As the movement spreads other states will | doubtless follow, and in a few years official | examination and restriction will'be complete and effective, as well as uniform. Few reports issued by the government treating of an economic subject possesses as great a value as the present work. It covers every phase of bullding and loan as soclations, the various methods in vogue, the occupations of shareholders, the aggregate business transacted in 1893, as well as the number of associations in the several states and their development. The mass of instruc tive statistics is supplemented with a sus. cinet history of co-operative thrift in the United States, and the laws governing as soclations in the various states A summary of the report was published in a bulletin fssued last summer, but it was | meagre and unsatisfactory, and did not do | justice to the comprehensive scope of the | work or the subject matter. The marvelous | growth of co-operative home building, having its inception only fifty years ago, and devel- oping its greatest popularity in the last | twenty years, is a phenomena which astounds | economists and experienced financlers. l'wxn—‘ missioner Wright says these corporations, doing a semi-banking business, conducted by men not trained as bankers, offers a study in finance not equaled by any other institu- tions. ngland, France, and some other countries have kindred institutions, but no where have they grown to such vast propor- tions as in the United States. WHAT THE FIGURES TELL. The number of building and loan assdcia- | tions in the United States in 1803 was| 5,838, of which number 5,598 were local, or state associations, and 240 natlonal. The total dues paid in on installment shares I“: force with the profits on the same aggregate | $450,667,694, of which the nationals n(nyh-‘i‘ A business represented by this says the report, ‘“conducted great sum," aying industries, and among others a large | gyjetly, with little or no advertising, shows which pay a good In-| yhov (}e common people, in their own ways are quite competent to take care of their own savings, especlally when i is koown that | but thirty-five of the assoclations now in ex {stence showed a net loss at the end of their last fiscal year, and that this loss amounted 0 only $23332.20."" Pennsylvania leads all states with 1,079 associations, and is followed In this order Ohio 721, Illinois 669, York 418, Missouri 1 Maryland 240, Kentucky and Massachusetts 115 states North Dakota South Dakota 14, Nebraska 66, Iowa 51, Kan sas 71, Colorado' 42, Wyoming 6, Utah Montana 7. lllinols has the largest number | of national assoclations—38. Of the 5,838 as- | 444 W New Jersey 258 148, California 133 In the thansmissouri reported 5 in 1508, Indiana 5. One a years and d | turity and | part of the cosiations in the country, of shares 9, an average of 4 433.4 shar associations for loans 19 associa to sex 614 were total associations tho number being 20,4 to each ported 3. of a total of 1,2 males and 307,828 ber of sharehold reporting was neer 1882, Omaha April 10, 1883 movement to Nebraska. The ary 1, Kansas in in Dakota 66 assoc national; tionals 1870. 18} tions in 59 of the follow Bixty Sixty-eight in force, of which by m, and associations had and 1 had 175, assoclation; ,AT9 shares pledgec Taking the summary of the 4, tions, classifying s cross pioneer territory the It is the first work of the kind un- | shares, 3 of each follow the permanent plan associations had issued 404 series tured 11 series, and made in force ssoclations reported 9 issued, 767 areholders 442 member; The females. s all in 1,745, WESTERN PIONEERS. Grand Island is the and loan assoclations in Neb ent ¢ the the state at Nebraska in locals and 1 lal plan number 7 1,809 by females. less than HOMES ACQUIRED. | The beneficial results of building and loan | shown homes and is of soclations the number the associations. other buildings. and 1,187 and 128 128 mortgage tained a ers in Nebraska sentative assc lated as follows Accountants Ak Artisans and mech Corporation officl Farmers, garden Governmen Hotel, Keepers value loss of $8,497 To determine the occupation of sharchold elght tions were selected and tabu asso boarding hi by the 1ations, bookkeepers, clerks, etc nts, bankers, br anics M 5, el kers, ete officials and employes.. .. restaurant use and Housewlves and housekeepers s, contractors, capitalists, and ‘socleties Merchants and dealers Mill and factory employes ns engaged in th esmen and saleswomen ents, foremen, etc The average of age of all assoclations in the United States is 6.2 y. 5 yearsof ag: 94 are unde 589 under and nationals are under of age clations under 5§ and two over 10 y THE The than sixty-eight tion among the b United States. Ass The most up and let of the highest But this plan has | clatl low the in the order of their The loan first the bidder ducts the An of to loan works share cent the this on one 10 per cash ntil his loan is satisfied as follows ments ar It is assumed nonths. If he his he ciation Nebraska years, premium illustration A sharel of an premium repays will be allowed one one-hundredth emlium paid by him in advance for each remaining month, Tue other plan of great popularity awards | re 433 over 5 years in I ars. VARIOUS PLANS. nmisstoner of labor found premium ding assoclations of the clations loan their funds to shareholders in sixty-eight different ways. popular plan desiring borrowers bid premium 15 to put ts variations, In loans. two the plans of from best ler aturing He valu His 1 will loan shure lis 4,614 has reported y of building the pion ssoclation being organized January 9, followed It took eleven years for the Towa Ka, good of association farmer state was organized at Clinton Janu ‘rom Nebraska it journeyed to and in the same year took Watertown. 1893, 4 of the na 91 series 160 shares were Thirty-one 100 shareholders and 1 had more than 500 and less than 700; 28 assoclations had less than 50 borrowers, table, other buildings | acquired by borrowers during the lives of | On this point 4,444 associa- | tions report 314,755 homes acquired and 28,4 Of this number 2,676 hom. and 202 other buildings were acquired In Ne- | braska, 8,093 and 499, respectively, in lowa, n South Dakota. Sixty-four Nebraska assoclations foreclosed at $110,651, and sus. professions Of the locals 2,163 under and fourteen over nsylvania had eighteen forty-six under plans the the the Some ass0- have a fixed premium rate ding borrowers to draw Missour| nols and most western states associations fol low one of two plans. these getting awards highest premium explaing securcs of $200 receives $150 and pays interest on $200 at 6 per cen anthly Ducs, §1; intercst meture befors .5 ce $5.50 lid oak, best shelf for for $12.60, Just has large elsewhere oligh finish, Sells . Ca Price $21.75 worth $50, front and Combination finished antique folding bed in Foldin with wardrobe in back. T R AT A R ST Presents Civen Away This Week. With $10.00 worth of goods, One Set Silver Plated Tea Spo With %25.00 Bot! gogus; e A Beautiful Bisque Figure, With #50.00 worth of goods, A Handsome Picture, With 10 worth of goods, A Genuine Oak Center Table, With $100 worth of goods, An Blegant Oak Rocker. the bidder the of the mium recal loan to nember the b full amount of the loan of having the premium deducted maturing value, as in the other ilustration, a ‘member secures $2,000, requiring ten shares of sto il a premium of 10 cents a share He receives the full $2,000 piyments are as follows num, $10 re. out “. ! num L premium, $1; total p. month, $21. These payments ¢ | the loan is settled by the shares o1 by repayment. LOANING METHODS, he purchase of a share,” says O sloner Wright, “binds the sharchol the necessity of keeping up his due thus secures to him not only all the 1 of a savings bank, but the benefit stantly accruing compound interest, omplishes the first feature of the of a building association. The sec that of enabling a man to borrow mon building purposes. Ordinarily, a holder who desires to build a house, a | secured a lot for that purpose, muy money from the association of which a member. nen ntinu maturit example of the Of the were issuing held tion of his house, of five shares in having as its He must be the his assoclation, each maturing value $200, from plan — St pres rence, that the borrower instead the Fop oan of havip, onthly. His ‘monthiy Dues, at $1 a ; interest on $2,000 at 6 per cent pe hare, ans ts each e unti} of the ommise ler to and heneflly it con- Thig motive ond is ey for shares nd hap borrow he ik Suppose a man who has secured his lot wishes to borrow $1,000 for the erece holder sharg His five shares, therefore, would be worth, whej matured, $1,000, the amount of money he desires to borrow. The process by glving [ he ¢ of borrowing money from: moneyed institutions. In a loan association the money auction, usually in open meetir or at who put on the the time of payment of ducs. wish to borrow bid a premium the regular rate of Interest charge the one who bids the highest prem awarded the loan. The man who build his house, therefore, and desi; in the association, must bid the b premium, and then the $1,000 will be to him. ' To secure this §1,000 he giy assoclation a mortgage on his propert pledges his five shares of stock. To this debt he dues, until such repre 193 19 18 time as the constan ment of dues, plus the accumuint profits through compounded intercst tures the shares at $200 each then, he surrenders his shares, a gage on his property is canceled.” That Is what a bullding association theory, and that is tice. Those assoc.ations which stick to this simple plan result in the greatest and the most satisfaction to the entire bership. Those which borrow moncy celve deposits at interest, in addition dues, complicate the theory. They the difficulty of management, add an e of speculation and of danger, and m may not, come out all right. With the cation ory there is no risk and no doubt of t sult. Assoclations organized to pay to officers, to Increase the busine real estate dealer, to furnish builder, or to do anything but missioner Wright sets forth so cl legitimate purpose of these mistakes. The principle of limiting t shares which any one shareh 1s cardinal in the The Nebraska ings to ten shares in each name, but a holder may hold any above ten in the name or names of pe His voting power is limited number of shares, ten or under, n his and generally ten shares by proxy. country at large asgoclations’ allg to each shareholder, regardless qumber of shares held, and 2,538 per share. Limiting the ! shares diminishes the danger of th how | ment falling into the control of an uns: Joan | lous clique. When shares arc well the directors do not get together and ve officers $200 a month salari other extravagances of which a roc lapsed assoclation in Illinols s furnis bject lessor d the 10, of the is 42 ass0 10 work hat arly no less iy num money offer loan and al- s, lots for 11 face in )t §1 100 ma — England has the advanta of rallroad travel, sengor of the 40,000,000 conveyed durk first six months of the year wi traveling on the trains. in of us in fustitutions, can model building assos law limits the which which n borrow {his money differs from thas avings and other building and up ag night Those above and lum 18 wishes to res to borrow $1,000, must have five share: of stocls iighest loangd ves IEQ v, an cancel is constantly paying hi: monthlg t pay- ion of ., mas At thig time, morte is 1 all it should be In prace closegt orofy mem| o thy Increas lemenk ay, o : aksos which confines iteelf to its true thes e res alariey s of Kom o ® Coma as the are ber of ack holde shards number he chooses other to the name, in the oW one of the low . on number o! crup ; ..ucrr‘ e the and indul i ly cols ing safot In 1893 not & single pi ng killed wh