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Port Jervis daily union. (Port Jervis, N.Y.) 187?-1888, October 03, 1888, Image 1

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lUCr. Cleveland, in big meSBag;e,for w b icb I Bincerely honor h im , h a s challenged th e protected indastrieB of th e country to fight of e x te r m in a tio n ; t h e fight Is to t d e a th —S enator V est TO a S t . L ouis D em oCBAnc C lub . Hnifin W e dem a n d t h e rednction of letter post­ age to one ^ c e n t per ounce.—REPUBLICAN N ational P latform . V^OL.XVI. No 233 SPECIAL SCHOOL MEETING PORT JBRVIS, ORAKGK OOUNTY, IS. Y., WEDNESDAY EVENING, OCTOBER, 3 1888 TOTING TO PCBCBCASE T H E GER­ MAN litriH E K A N CHURCH. T h ree F la n s Subm itted by th e B o a r d of E d u c a tion—^Tbeir R e p o rt as to T itle B e ad—The M otion to P u r c h a s e K i r k ’s Grove Defeated—^The Germ an U n thernn Church P l a n th e n A d o p ted. There was a large attendance of tax payers at the special District School meet­ ing held at the Church street school house last night. The meeting was called to order by the clerk, B. Ed. Schofield, and, on motion, Ifiiomas Sharp was elected chairman. The call for the meeting w ^ read by the clerk. Thereupon a proposition from James Creegan was handed np ofEering his va­ cant lot on the south-east corner of King and Lumber streets, for school purposes at the price o f $3,500. The purpose o f the special meeting was to enable the district to decide upon one of the three properties proposed by the Board o f Education for school purposes. These were Kirk’s grove, the German Lutheran church on the corner o f Thomp­ son and Water streets, and the O’Connell property on the comer o f Water and Lum­ ber streets. The report of the Board o f Education in reference to the titles of the various lots was read. The history of the title to Kirk’s grove was recited and shown to be good, and the title of the German Luth­ eran church property was n ext considered. This consists of two lots, 50 feet front by 100 feet in depth to the comer lot. The title is through an absolute conveyance, and, with the leave o f the court, the church congregation can convey a good title to the district The other lo t which is occupied by the church building, was conveyed to the church for church purpcaes only, and a serious quration presents itself whether that body can now convey it ; whether on the church ceasing to use i t the title does not return to the Farnum estate. The report goes on to say that conditions o f a similar character have been held to in­ validate titles when conveyance was made in hostility to the condition as to whether applying this property to educational pur­ poses was or was not a violation of the deed’s conditions would be a controverted point on which lawyers and judges would differ. If the district took the lot, it must meet the difficulties connected with the title. Bepresentatives of the church, how­ ever, are willing to bear the expenses of perfecting the title. As to the O Connell property, the Board, eported that the present line ef Lumber street does not coincide with the line as originally laid out. The fence includes a portion of Lumber street, but the title to what they propose, to w it: 100 feet front on Water street extending back to the river, was good. After the report of the Board had been read, Mr. May arose and moved that the first proposition, appropriating $5,000 for the purchase of Kirk’s grove, be adopted. Thereupon a very animated dis­ cussion followed between those who op­ posed and those who favored the plan. Some opposed it on the ground of its be­ ing located on a much frequently traveled street, where scholars would be continually annoyed by the passing of vehicles, etc. Others spoke of the expense of maintain­ ing the wail in the rear, along the bank of the Delaware river. Others objected on.; the ground that the plan proposed the greatest total expenditure of any of the plans submitted. Others objected on the ground that Water street was originally laid out through this property, and that a portion of it might be taken at any time for street purposes. This objection, how­ ever, had been fully met and disposed of in the prebminary renort of the Board. C. E. Cuddeback, E. C. Beirne, M. C. Graham, L. E. Elston and L. C, Senger, all participated in the discussion, as op­ ponents of the Kirk’s grove. Mr. Peter Gillen made a strong plea for Kirk’s grove on behalf of the residents of that portion of the town, claiming that their prefer­ ences should be considered. After along and warm debate the motion was finally submitted to a vote and lost. Thereupon L. E. Elston arose and pro- poeei the purchase of the lot 70x100 feet of the German Lutheran Church Society, including the church building, at the price of $4,000. Mr. McCormick moved, as an amend­ ment, that the vote be taKen on the whole proposition as recommended by the Board of Education. Mr. L. 1 . Elston offered to withdraw his motion in favor of Mr, McCormick, but this was decided by the chairman to be unnecessary, and the amendment was carried without much discussion. The motion as amended was carried by a vote of 39 to 22 Mr. Cogo moved that i f the church peo­ ple cannot give good title within three months that the Board of Education call another special meeting of the district for the purchase of another property. M. D. Graham moved as an amendment that the time be extended to 6 months. The amendment was carried. The question as amended was then carried. Mr. Cuddeback then moved that the recommendation o f the Board of Educa­ tion in reference to raising money to pur­ chase the property and improving the same be adopted, and that the whole amount be raised on the issue of bonds. The motion was put to vote and carried. Mr. Cogo then moved that in case the dis­ trict purchase the property, the Board of Education be authorized to sell or rent the dwelling house on the lot as they think best Carried. Mr. Carr moved that in the event o f the purchase of this property the whole amount he raised in annual instalments of $1,000, except one, which shall be $1,050, the instalments to commence in the year suc­ ceeding the time when the title shall be perfected, and that the bonds to be issued by the Board o f Education shall be sold at not less than par. Carried. Adjo^urnment was then moved by Mr. Shier and carried. R ink, th is Tillage, tkig even­ ing. Col. C lark E . Carr of Illinoig a n d H o n . S a m n e l M o rrla of Troy, N. T., w ill T H E CO N N E C TIC ra ELECTION,S. M a g n ificent R e p u b lican R e tu r n s from M a n y Towns. N orwich , Conn., Oct. 1.—In the town election to-day the Bepublicans swept everything, except the office of town clerk, which the Democrats had before. The Bepublicans regain control of the Board of Selectmen, which they lost a year ago. N ew H aven , Conn., Oct. 1.—Town officers were elected in mosi of the towns m Connecticut to-day. Local questions only were considered, and the result has no especial significance; but the Demo­ crats are not pleased over the returns from manufacturing towns, which, so far this county is concerned, give largely in­ creased Bepubhcan majorities. Particu­ larly is this true of towns in the Naugha- tck Valley, where the wage-workers are thoroughly interested in the tarilt issue. GOOD SPEA K ERS. The Harrison and Morton Club of Deerpark desires to say that at no time during this campaign will they present any speakers to a Port Jervis audience who are not able and well fitted to torcibly present the issues of this campaign. To» night they offer two very able speakers. Pour years ago Hon. Samuel Morris was a Democratic alderman in the city of Troy, When Jas. G. Blaine was nominated for President, Mr, Morris became one of his ardent supporters. He is one of the most brilliant Insh-American orators in the country, and his eloquence and wit make him one of the most popular speakers in the country. His speech here in Port Jervis made him many friends, and as soon as his name was announced on the list of speakers for Harrison, application was made to have Mr. Morris sent to Port Jervis. He comes with Col. Clark E. Carr, who is one of the greatest speak­ ers in the country. The people of Port Jervis will not again have the opportunity of listening to so good a team as we will present at the Kink to-night. AT T H E V. M. C. A. BOOMS. All members of the Hailroad Y, M. C. association are invited to attend the concert to be ^ v en by the Erie orchestra in the Association rooms, on Friday even­ ing, October 5th. There is no expense connected with this entertainment, each member being entitled to two tickets free, and has permission to use the extra ticket for either lady or gentleman friend. After the concert the Ladies’ Auxiliary will serve fruit All members are asktsd to get their tickets at once of the Geneial Secretary. Members o f the Ladies’ Auxiliary are ad­ mitted without tickets. DEERPARK DEMOCRATS GET T H E USUAL SNUB A D M IN ISTE R­ E D AND RUBBED IN . W ill til® L o y alty of tlie D e e rpark Dem oc­ racy Stand tlie B e st o f ^Repeated Snubs—Greene L ikely to be K n ifed by In s u lted D e e iiiark. We wonder how Deerpark Democrats like the treatment which they received at the hands of the Assembly convention held at Middletown on Monday last. We know that fidelity to party nominees is a strong characteristic of Deerpark Democ­ racy and that over and over again after being disappointed and beaten in conven­ tion they have returned to their homes and done faithful and legal party service for the party nominees. But we are cur­ ious to see whether the loyalty of Deer- park Democrats will stand the severe strain put upon it at the Middletown con­ vention. Deerpark went to that convention with a solid delegation. They presented a can­ didate in the person of Mr. Kinsilaof in\ contestible merit and it is universally con­ ceded that the nomination rightfully be­ longed to them. But in spite of these ad­ mitted facts Deerpark’s candidate did not receive one outside vote, but this was not the worst Not only were their claims ignored but Deerpark was shoved aside rudely and without ceremony and was given plainly to understand that she had no right which the convention would re- Heretofore it has been considered good policy, while ignoring Deerpark’s claims and denying representation on the ticket, to do so in a manner calculated to soothe the soreness caused by disappointment to flatter, conciliate and promise something for the future. But for some reason this is no longer considered necessary. Either the Demo­ cratic vote of this township is regarded as unnecessary to Greene’s success at the polls. He depends on the loyalty of Deer- park Democrats to stand Arm in spite of the insul’B which have been heaped upon them. At any rate the claims of Deer- park were curtly dismissed without a word o f extenuation or excuse. If this does not result in a good sized bolt we shall be greatly surprised. F r o tection’ vs. free tra d e -will be di«- CQBsed b y <C!oL C lark E . C a rr of I llin o is an d H o n . Sam u el M o rris of T roy, N. Y,, a t th e R in k , tills! T illage, To-N ight. MORTON’S ACCEPTANCE. T h e L e tter of th e R e p u b lican Candidate Received by tlie Com mittee. The Hon. Levi P. Morton sent a letter signifying his acceptance of the nomina­ tion for vice-president, tendered by the Bepublicau Convention, to the Hon. M. M. Estee and others of the committee yesterday. Mr. Morton defines his own position on all important public questions as identical with that of the Republican party. His statement of the Bepublicau position on the tariff is among the best and most ef­ fective that we have yet seen,and it will be eminently satisfactory to all Republicans. He affirms that all tariff modifications must consider, primarily, the interest of the protected industries. The revenue can be reduced, but it must be done in such a manner as not to injuriously affect our protective system. He deprecates in the strongest language any experiment at a purely revenue tariff, Mr. Morton also commends the Repub- publican policy m relation to silver and Its bearing on the National curreucyi and also its advocacy of a judicious settlement of the public land policy, of coast de­ fenses, etc. It it an admirable letter and will prove a valuable campaign document. —If your grocer does not sell it, he does not display enterprise and you should patronize one who considers your welfare selling by Tulip soap. Who sells “White Satin ?” Every de Who desires to sell the very Best Fi —New stock of ladies’ muslin under­ wear at G. U iy’s at very low prices. BARGAINS F O R 30 DAYS. Nicelice 100 roomoom houseouse on Sussexussex St.t. “ up , 2 ( 1 r h on S S “ up town,” one on Ulster Place 8 rooms, 2 on Orange St,, one on Broad St., one Front•nt St.,t., onene onn .Jerseyersey Ave.,ve. 3 on Main S o o .J A St. and one on Elizabeth St. J no . L. B onnell . COL, CARR AT COOFEB HALL. A G rand M e e ting and a Rousing Speech L a s t M o n d ay N ight. The wholesale dry goods men of New York city, many of whom voted for Cleveland four years ago, held a tremen­ dous mass meeting in Cooper Institute in that city Monday night. The enthusiasm was unbounded. Col. Clark E. Carr of Illinois, (who, by the way, is to address the people of Port Jervis at the Rink to­ night j, was the principal speaker, He gave them a rouser. The New York pa­ pers say that Col. Carr received an ovation of tremendous applause at the close of his speech, and the Chairman in the name of the meeting thanked him for his eloquent words, Don’t fail to hear him at the Rink to­ night. d numeroirs diseases which more trouble families at times. Sold every­ where. Price only 25 cents a package. le on Save money and time by having Laxa- M dor always on hand, and using it for the numerous diseases which more or less YOU OUGHT TO SE E T H I S . ^ is^lkrt ^ S o ? ^ w i l l sdT ° S ? $1?300* talent. They went home J o the bal, • - . . , . ation and wild solo until it was quieted with a dose easy. D. of Dr. Bull’s Baby Syrup, which at once removed the flatulence. rooms, lo t 45x200, w ill sel 'This is a very desirable location cheap at, the price. Terms HolbrooU, Port Jervis, N. Y. Music.—They had been to the open and heard the finest music by the leadini talent. They went home to the wild solo until it was quieted with T H E CONVENTION AT GOSHEN. D e m o crats Assemble and N o m inate County C a n d idates. The Democratic convention for tbe nomination of candidates to the county offices assembled at the Court House in Goshen at 12 o’clock to-day. The convention was called to order by Chas.A. Dunning, Chairman of the Demo- crat’c county committee. Supervisor Wni. L. Clark of Greenville was made Chair­ man. Supervisor Webb of Hampton- burgh and John Wilkin of Wallkill were appointed committee to escort Mr. Clark to the chair. Chas. 0. Sweczy of Wallkill and David S, Mack of Monroe were chosen secreta- taries. The convention then adjourned until 2 p. m. 2 p. M.—The Convention reassembled. An informal ballot for Sheriff was taken with the following result: Thad Mead of Deerpark 38, Geo. W. Sayer of War­ wick 25, Richard Tuttle of Minisink 15, William A. Halsey of Crawford 3, Chas. Ketchum of Cornwall 5, L. L. Purdy of Wallkill 2. The first formal ballot resulted: Mead 38, Sayre 32, Tuttle 16, Halsey 15. Second formal ballot: Mead 48, Sayre 38, Tuttle 10, Halsey 15. Third ballot: Mead 53, Sayre 46, Hal­ sey 8. Tattle’s name was withdrawn on the third ballot. Fourth ballot. Mead 56, Sayre 50, A. S. Cassidy of Newburg 1. On motion of G. E. Ketcham the nomination of Mead'was made unanimous. The convention at 4 o’clock was ballot­ ing for County Clerk. It is understood that County Judge Wilkin will appear before the convention and state that his mother had recorded his birth in Oct., 1818, while his father made it 1819. He will recommend that a nomination be made for the judgeship by the convention and it is understood that the delegates from the eastern end of the county will put A. S. Cassidy of New­ burg before the convention. A g r a n d R e p u b lican .la l l y -will b field iu th e R ink, th i s village, th is even­ ing. Col. C lark E . C a rr of lU iuois and H o n , Sam u el M o rris o f Troy, N. Y., w ill A RATTLING SFEECH . T h is is W h a t CoL Carr’s A d d ress in New York M o n ady N ight is Called. Colonel Carr of Illinois, who speaks at tbe Rink this evening, addressed an audience in Cooper Union, New York, last night. This is what the New York Press says of his speech * Colonel Carr made a rattling speech in the time alloted to him, in which he made so f : salth t that sir sage’of the protective tariff la tbe country had increased in wealth tnree s much as it had iu the previous irs of its history. Mr. Carr also ined his audience with a number of )us sketches of early life in Illinois in “ the good old Democratic days.’’ He kept his hearers in constant good humor, id was frequently interrupted with ap- ause and cheers. At the expiration of his hour the audience wanted him to go on, but Col. Carr said he must give way to others and sat down. A GRAND AUTUMNAL EXCURSION. At this time of the year an excurion to New York and the sea shore is one that will be greatly appreciated by the people of this vicinity. Now that their summer duties are ended, a little recreation in the way of a cheap excursion, will be hailed by them with great delight. The Erie have arranged a grand three days’ autum­ nal excursion to New York and the sea shore at extremely low rates. A special train has been arranged for this occasion, leaving Port Jervis at 10.33 a. m,, Satur­ day, October 6th, arriving in New York at 1.25 p. m. Returning the special train will leave New Yoris at G. p. m., October 8th, arriving at this place at an early hour in the evening. The rate has been placed at the remarkably low rate of .$2 from Port Jervis, Tickets will be good for re­ turn passage on any regular train Sunday or Monday, up to the special train Mon­ day, Oct. 8tb. Thi,s will be the last excur­ sion to New York this season, and should be well attended from here. THE ASSEMBLY CONVENTION. It has been deemed advisable to post­ pone the Republican Assembly Conven­ tion, which was called for Thursday, to a later date- Due notice will be given of date and place. O ne small particle in the eye pains the whole body. Use Warner’s Log Cabin Extract. It will cure many a pain. A SUICIDE AT TURNERS A W ELL-KNOW N W AITRESS AT THAT STATION TAKES H E R L I F E . She Becomes Desponilent and M elancholy ami Shoots H e rself in th e Stom ach W ith a R e v o lver—F n l l ParticularB. Josie Irwin, who was employed as waiter in the Brie railway eating saloon, at Turn­ ers, committed suicide Monday afternoon. For some time she had appeared melan­ choly. During the afternoon she went to the house of Mr. Ed. Beattie, who has a tavern at that place, and where her sister lived. Between five and six o’clock she went to one o f the bed rooms in the house and secured a revolver of thirty-two cali­ bre, and with it shot herself in the stom- aefl. The woman lived about half an hour, hut could make no statement giving the reason for her act. She was about twenty-four years old. She had been em­ ployed about the waiting saloon for some Coroner Corwin of Newburg, was sent for and held an inquest Monday evening. At the inquest witnesses swore that Josie had been very despondent during tbe after- noon and recently had acted moody and strangely. Her sister Annie testified that she believed it was a case of suicide and that her sister was temporarily insane, Mr. Beattie testified to the same effect. Dr. Gillett, who was called immediately after the shooting and arrived before death occurred, testified that it was caused by a pistol wound and that the bullet had been shot in her left side between the sixth and seventh rib. The pistol belonged to Mr. Beattie. The verdict was that the deceased came to her death by suicide caused by shooting herself with a pistol at the house of Ed­ ward Beatti^ while suffering under tem­ porary insanity. There is vmderstood to be considerable feeling about Turners over the sad affair. Further developments are expected. R e p u b lican ra lly a t th e R ink, th is evening. Col. C lark E . C a rr of I l l i ­ nois and H o n . Sam n el M o rris of Troy, N. Y., will orate. A BANNER RAISING IN MATAMORAS. Speeches by M essrs. Carr, F u llerto n and B e n n e t o f F o r t J e r v i s . The Harrison and Morton club o f Mata- moras raised a handsome Republican ban­ ner last evening opposite the store of A. W. Balch and listened to several rattling speeches by Port Jervis gentlemen. The banner was raised at 6 o’clock amid much enthusiasm. It is suspended across the main street leading down from the bridge. Hoa. L. E, Carr, H. B. Faller ton and Wilton Bennet, esqs., accom­ panied by part of the young Republican drum corps and a delegation from the Young Men’s Republican club of this vil­ lage went to Matamoras soon after 7 o’clock and were greeted there with rock­ ets, firecrackers, red fire, etc. Dr. Illman, the President o f th e ' Mata­ moras club, called the assemblage to order and introduced Mr. Carr as the first speaker. Mr. Carr congratulated the Re­ publicans of Pike county on the fact that in 1844 there was one Republican vote polled in this county and that now there were 300 or 400. He urged them to re­ newed efforts and then went into a brief talk on the tariff issue. He was fre­ quently applauded and was frequently in­ terrupted by a howling mob of young Democrats from the lower part of the 5th ward in this village. Mr. Carr’s convinc­ ing address was deeply interesting to the workingmen present. Mr. Fullerton followed Mr. Carrbriefly, and the reputation this young orator is gaining was strengthened by his effort last evening. He aroused considerable enthusiasm and at the ending of his re­ marks three rousing cheers were given for Harrison and Morton. Mr. Bennet seems to have many friends in Pike county as well as in Deerpark, for his popularity was attested by c*>eers when he appeared. He sjioke briefly. Dr. Ulman, after proposing three cheers for the speakers, which were given with a will, brought the evening’s exercises to a close. Protection vs. free trad e w ill b e dis­ cussed hy CoL C lark E . Carr of I llin o i s and Hon. Samuel Morris of Troy, N. Y., a t th e B in h , t h is villas®, to - n isb t. ;e, to -n is l —^The dirtiest men iu the world are made the cleanest by using Tulip soap. -Those needing fall jackets will do well to call at Q. Uiy’s and examine his !k. For Sale—Clean good naying business up town, and one down-town. J no . L, B onneix . } “ Puritan\ham is fast takin . over all competitors. Try them —Bluestone for sidewalks and curbs, lontracts made by Geo. W, Hoagland. T H E GAZETTE^CON UNDRUMS. They are too E asy—Ask us Som e thing H a r d e r. Our esteemed contemporary, wfio al­ ways tells tbe exact truth, has been so anxious to find out our opinion of the Senate tariff bill that they have been fairly beside themselves m their anxiety to learn it. In its article on the subject in Monday’s paper we miss the stunning headlines that •have startled the community in the late issues of that paper, and we find the plain simple “ Conundrums for the Union 1. In view of the many millions re­ quired to pay the expenses of the Govern­ ment, the interest on the public debt, the enormous amount of pensions, etc., for which millions must be raised by means of duties on imports, does the U nion really believe tha preaching so , when? 2. In view of the fact that so many millions must be raised, every year, by tariff taxation, and of the fact that from The U nion is politely requested to make direct and explicit answers to these quea- To the first any school boy will tell you that England, which is a free trade coun­ try, with a debt of three times as large as ours and a standing army of over 7 times as large, has no trouble to do it. Now, we would ask the Oasetie if Eng­ land can do this, are you so unpatriotic as to say that the people of the United States cannot do as well ? To the second, your maxim of “ exact truth ’’ must have led you to your custo­ mary walk, while the “ devil” let the question slip in. You say “ the fact that from $100,000,- 000 to $145,000,000 surplus is raised each year. ” The fact is no such sum is raised. During the present year the estimated receipts festimates by Dem­ ocratic officials,) will be $440,000,000,and the appropriations, as figured by Speaker Carlisle, are $420,000,000, leaving the surplus at $30,000,000 instead of $100,- 000,000, as stated by our contemporary. Quite a difference for a question pro­ pounded as a “ fact.” If we were disposed to quote Democratic authority, we might quote Thos. Jeffer­ son’s views as to a surplus and protection, but such Democratic views are at variance with the latter day Democracy,and might shock its sensitive nerves, so we will spare you. We trust that these “ direct and explicit answers,” will meet with your approbation. R e p u b lican ra lly a t th e R ink, th is evening. Col. C lark E . C a rr of I l l i ­ nois and H o n . Sam n e l M o rris of Troy, N. Y., w ill o r a te . W I T H F E N ^ N D SCISSORS. Item s of a M o re o r Less Local N a tnre Con­ densed for t h i s Column. -The first snow o f the season here fell —F ob S aie —Penney’s Union House Enquire o f the proprietor, Isaac Penney. -s27dl5t. —Instantaneous photographs of the firemen’s parade for sale at Lundelius photo studio.—dtf. — We hope a good many Democrats will go to the Rink this evening, and hear the able address that CoL Carr and .Hon. SSamuel Morris will deliver. —A good many friends of Delaware Hose Co. expect to accompany the boys to Middletown to-morrow. They leave on the Mountain express at 7.42. —All members of Delaware Hose com­ pany are requested to be at the hose house to-morrow (Thursday) morning at 7 o’clock, sharp, in full uniform. By order of Foreman. —Marvin Kimball of Matamoras is the agent for Port Jervis and vicinity for the common sense pillow sham holder, the story o f the Wild West, bibles, books, magarines etc.—o3d2w. PERSONAL. Horace Tuthill, a former Erie conductor, is in town on a short v is it He is now en­ gaged as foreman in A. Northrup & Co.’s iron, roof and ceiling manufactory in Pittsburg, Pa. ■Get rid of that tired feeling as quick as possible. Take Hood’s Sarsaparilla, which gives strength, a good appetite and health. -The miners throughout the entire coal regions of Pennsylvania all use Tulip loap—unmistakable proof that it is good But a few decorated toilets sets for $2.- 98 left at Hoagland’s Crockery house. b e ^ & tier^ can PRICE THREE CENTS A USEFUL INSTITUTION T H E CO-OFERATIVE FR IN C IFL E S AF- F L I E D TO MONEY MATTERS. O u r B u ilding and Loan Associations R e ­ view ed a n d R e com m ended to th e F a t - I’onage and E n c o u ragem e n t of O a r Citizens, We were much impressed by the Ga­ zette article o f Monday about building and loan matters in general and the Orange County Building and Loan association No. 2 in particular, and have to-day made a few inquiries on our own account. We find that there are three suci Asso­ ciations in our village—the Orange County Building and Loan association, the Port Jervis Building and Loan association, No. 1, and the Orange County Building and Loan association No. 2. The first named association is now wind­ ing up its affairs, after a long and s u c c ^ - ful career, and will go out of busmess gradually as its stock matures and loans are paid off. This is not in any sense a confession of failure. Tne mission of that association is ended and its legitimate successor is the Orange County No. 2, which has nearly the same officers, board of directors and stockholders. The first named association ceased issuing stock several years ago and will consequently by the operation of its own rules, soon cease to exist. The Port Jervis Building and Loan as­ sociation, No. l,that has itsplace of meet­ ing in the Farnum building is a staunch concern that has been in existence a full generation and has done an incalculable amount o f good. Its net assets are over $100,000 and it paid out during the past year over $14,000 in cash to the holders of matnred stock in sums from $400 to $2000. The Orange County Building and Loan association. No. 2, meets in the May build­ ing and was organized two years ago by the officers of the old and successful “ Orange County ” for the purpose o f suc­ ceeding to its business. It now has net assets of nearly $25,000 and .aas issued 1365 shares of stock. This deservedly popular institution is destmed to a great future. As the Gasette well said these Associa- r,ions represent the application of the co- iperati-^ principle to money matters and we are convinced that for that reason alone the wage earner owes it to himself and to his family to make a study o f their operations and take advantage of the only really great plan of co-operation that has taken deep root among the common peo- We confidently recommend either of these concerns to the confidence of our people. Both are operated by the most substantial and trustworthy of our citi­ zens and are sound and reliable concerns. One o f the advantages claimed by build­ ing and loan men is that such concerns almost totally destroy interest to the bbr- rower. Only 3 per cent, is the rate of interest charged on loans to members. This interest together with premiums paid for the loans, constitute the profits of the concern and every year the profits are cal­ culated and distributed around among tbe borrowers and non borrowers alike, ac­ cording to the number o f shares he holds. Since the borrowers pay but three per cent and get part of that back on the division of the profits, it is easy to see that his rate of interest is reduced below 3 per cent ; and, as a matter of fact, instances are cited where the rate of interest ac­ tually paid for the use of money has been a little over 1 per cent. This is explained by the fact that bor­ rowers also share in the profits of the con­ cern, equally with the non-borrower. The interest received by the non-borrowers, who allow their stock to mature, is calculated by expert building and loan men to be be­ tween 3 and 4 per cent. This , does not furnish an overwhelming inducement to moneyed men to take stock, but the fact remains that nowhere else can a man put outfro] ------- ----------- - ---- ’ a a man >m one to twenty-five dollqrs each inthnth and haveave itt bear interestterest fromom thatat mo and h i bear m fr th date of deposit and have the interest, in addition, compounded every month. Th^e tion, compounded every i associations benefit borrowers and gh ourinve us to the conclusion benefitted to thegreater borrowers although our investigations lead us to the conclus that the bond irrowersare --------------- degree. Another equitable feature is that fore­ closure of mortgages is never instituted is in default six months, lisfort Six months in whici rally his resources and prevent the loss of his property. And it is certain tflgt fore- In case of sickness or other misfortune, one has at least six months in which to many 0 rowers to admit of 1 harsh rules. One last feature must be mentioned that makes these Associations, in the words of one individual whom we interviewed, “ safer ihan a bank,” All of the money collected at the monthly pay time, is paid at once out under the supervision of the Board of Directors in loans to members, withdrawal of stocks, etc.,so that no bank account of any amount is carried. At sale monthly meeting, the cash on is put up at auction to the highest bidder until it is wholly exhausted, both Republicans and Democrats uniting in the lolicy o f avoiding an uninvested surplus,

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