' — OCEAN CITY SENTINEL. OCEAN riTY. X J.. THURSDAY. OFPFMRFR S -1921 SEVEN' < ni'N'TY BANKERS -hawing (OUNTl BANKERS -howhig people how they can Is- rela-

HEARD ADDRESS pro i iil and there ure today throughout [i,. State quite a number of banking l,...i-,ition» that have lurtcd bulling loan associations in connection aitb tho lank and. on the uthor hand, .,me localities the memliers of the ! • of directors of the building and •elation* have orgaidzed banks , roection with their association-: ,,i <ec there seems to lie harmony between the two nnd the nsso- • vn* are proving to tie » great ud- ; to the banks and trust comt The hulk of the "money that i _ : into the building and loan u.-><v , • • ions com M from the small share- . • - and would not- find its way in- •> banks, and would not, therefore, m rirculatton for which money i- . nied. gji-^the payments being n , > to the association* the money t . . into the hanks and trust com- ' |l. ,-s and consequently Into legiti- 1 . i. circulation. • VVItcre hanks ami. trust companies ' . a building and loan association ' , .itcil with the institution It has 1 i,. found that avantualy a large imtij of the members of the a--ocia- ' liar have become depositoi - in that 1 hank -or trust company. ••It is a well-known fact that the ' , |h-: mis who practices systematic saving i- thriftier, a better citizen, a letter artisam, better in every way than ' the iwrson who does not. It is ul-n a 1 . known fact that the person that opens an account in the savings ile- ' paitmeni of" any banking institution ' will use money for unnecessary things ~ at a time when it would he far better ' for him to use it to increase Iti.- s.n - ! i-u- llut the hne who has suhscrils-d ' for five or more Muirrs in the building ' ar.d loan association will meet his 1 monthly payments even if he has to ' it or go without something that • ■•.ires, or sfcive off creditors, who 1 I- i|.~ are a gTcat deal more entitled 1 •• Me money. Such .a person will 1 have his- pwn home while the 1 other will remain a renter and perhaps ' • • • i become a home owner. ' Tenantry and poverty may be neer- nry for the maintenance in any ' r« try of royalty and nobility but 1 home owning ami the .possibility of " i- dependence for every one should ills- " tinguixh a republic especially these r I oiled States of which we are a [Kirt. " "For a long time It- was thought . • . nessary that there Ire a proper divi- < 1 I n of society with among other i . <es the very wealthy and the very *' 'Andrew Carnegie made the -Milling statement that it is a disci. -re for any one to die rich but let "J us add an amendment thut in this country of ours with its btfundloss oppin i unities no one should live and die ^ ' ftich man. poor man, l>egger man, ° thief.' We need none of these as such . ! if we do away with the second. — , the poor man — we should Ire able to abolish the third and fourth— the beg- 6 car man. and thief — for it is estimated that half of the crimes of the men and fifty per cent, of the vires of the women are caused by poverty. "Many persons andqome nations are iesirotu of maintaining the old unequal order of tilings and the only remedy for its faults proposed is some form of socialism which most of us think is a remedy worse than the dis"Cannot, we find a solution of the ai difficulty and of the misery, crime and tl • ice caused through inequality by ti

tfvely well off? i t abqut you ami you will siT that moM, J' j. t other factor"''"1 . ' """ g and especially the n.^mt' V't^Tg i, fortune have Is-ni much simpljfle.1 in I. the last century and r penally dure l"g the lar. fifty, yea,-. One of the , | simplest agtmri.-. for u s competency or a home is fouqd in the ; "peiatioi, of huihiiiig and loan assoy diiltim- a- Ci-nerplfy conducted in the . .'int.- of New Jet -oy where the system - ha- l>eeii brought to a state of pir- , Trite first building and loan asso'terteil by men in very • '.'v,!"".". W"'k " of ,ifp un'ler great . difficult,,.,, their first object I icing y, at . •" acquiring h,.,,.... fnr it. members, i. "" 'nought apparent I y being given to , the possible opportunity of its mcm. ? 1,1 " ar'l"»'ing wealth, hut as the sysI 'teen developed in America it . has born discovered that for the Invcs- . tor us well as the hottie-builder, building and loan a-soclations offer great i opportunities— the investor lieing ben- | efited without injury to the Is.rrower - way but rather helping the . borrow jug member it* securing, his. house, ami the perfect association is t the one that takes care in the best . manner of the intere-ts of both classes . +» you Banket- and Building Loan . Association men. for most of you are ( connected with an association some , where in the 'ettunty. I would say— , 'tell your people to save; tell them that they w Hi he healthier, happier r and hotter in every way if they will . save; tell them that even the slightest etToit if long enough continued will them out of the slough of povI rn, : tell the younger ones especially, , that a little e\tn» effdrt in their youth, .: i hood will re-ult in their having such a sum at interest |,v the time they reach , middle age that it will make it un- . necessary for them to work the rest-of < their live,. Tell everyone that the op- ! <■■■ compound interest is to Is- found ;i in their home town or locality and that 1 this wonderful opporttlhity hamcome through the successful management of the local building and loan association and that it is pot necessary to invest to securities thai seem to offer a largor quicker return because there is nothing that will bring better results' ban e few dollars invested regularlyducted by their own friends and acquaintances.' ; i "Suppose a persi.fl should invest five dollars in an association for four con- i secutivo maturing period* and invest ; the amoyint at each maturity at 6*» . , that he receives back from the association he would have fifteen thousand j i dollars by tlte time he was sixty years , old if he started at. say fifteen. j t Five shares for the first period >1,000 Five shares and interest on ; >1,000. Ten -hares 2,000 , 6 original, 5 on first >1.000 and 10 shares on >2.000.20 shares 4,000 Total shares carried, 40 . X.000 ' , >15,000 | And if he wanted to go on for ; , another peri oil it. would be >16,000 , Total >31,000] • "Did it ever occur to you gentlemen,) I what an important place the building!: and loan associations occupy among I the financial institutions of our coun- 1 1 especially east of the Mississippi j i

a- River ? V Would you beljevc that the id resources of the buihling and hum associations in the_ L'nited Stat.- , iy amoufiteil to ovei two billion six hun- < dreil million dollars on the first of | ■* May. 1921. And uf that amount one | ig l.filiofi five humlreii and fifty million or it, more than one-half i5 in the five ; r- States spoken of sometimes as the te building ami loan association belt; Pennsylvania with over four hundred it' and eighty million, Ohio, four hundred >- and sixty-three million; Ngw Jersey, ic three hundrfcjl and sixty million; Tllinn ois, one hundred and thirty-seven milts; lion; and Indiana, one hundred and ten million. >- "In this territory there 'are almost y three million memberships; over one it million in Pennsylvania; nearly one It- million in Ohio; ono-h^lf million in New Jersey; two hun.lreilaVul seventy0 five thousand in Illinois; and two huhI- dred and twenty-five thousand in - Indiana. it "On May 1st, 1921, there were in , -- the United States, 8,633 associations. I- There are now over 9,000 — .*,.691 of it which' ure in the belt, and of these I- New Jersey has 1,033 or nearly one- ; r fifth, an increase in the last thirty; e months in this Stale of 243 associa- ! s . tions. j ■ "Of the New Jersey associations t there were in the second Congressional - District, 72—26 in Atlantic County, 19 in Burlington, 12 in Cumberland and a ; 15 in Cape May. e Total assets fn the District, $18,273,e 1 424 — Atlantic County >7,749,549; Burl- - ington. $5,028,604; Cumberland, $2,n 803,193; and Cape May, $2,692,078; r with a memliership of 34,225— Atlantic II County, 13,761; Burlington, 8,703; t Cumberland, 6,758; anil Cape Mav, 1 5.003. "Total number of shares held by -, the alsive shareholders or members, i, . 287,272, of which Atlantic County had - 129,018; Burlington, 79.595; Cumberi land, 11,662; and Cape May, 33.997. it "Since the State report was issued. - June 30th, 1920, from which I obtainf eil most of the data here given, there - boon organized in the District, I t am informed, 11 new associations — 8 I I in Atlantic; 1 in Burlington; and 2 in! t Cape May, Wildwood Crest and p Strathmere. f "Following is a condensed state-' i ment of the associations, members, t shares and assets for the past six - ye#rs in New- Jersey: «ii»i» :%t zw.sii tjsj.iis hu.im.m: I»I7 771 jjJ.Ml =.«,,« IU.ZIS.SU l- 1»1» «5I 1S4.M4 *!»IS.!4» lW.Z7o!oil . !»rt I0M i^'ooi I'ooo'4,S i^ooo'So U "The report for *1918 shows ^hat A i only 593 associations reported as the " • report covers only nine months • the fiscal >var was changed to termt; inate June 30, instead of October 31st In comparing the resources of the I I different financial groups of New Jer- • J ' sey, I find the building and loan associations stand third: rr-.urXTs**"*"'** U IIM.7M.0W i , : 117 National Banks wltk total J »«.«••. MS.741.IK-0 1 • 71 B. and L. Aaaodatlons with total raaoowa MO.SOO.OOo Z7 Savlr.c, Hnnka with total ^ I 77 Stata Banka with total , p 1 "In only four years since 1898 when ■ tlte first accurate ^statistics of the f 1 and loan associations were compiled, has there been a backward ^ ' step which occurred during the years 1898, 1899, 1900, ami 1901. ' was a total decrease . In a ,, assets from $600,136,739 to $565,- - r! 3x7,966, nearly 35 million since which f ; , time, however, every succeeding year I . | been greater than that precedii it.

You'll get somewhere with a pipe and P. AJ Start fresh all over again at the beginning! Get a pipe!— and forget every smoke experience you ever had that spilled the beans! for a jimmy pipe, packed brimful with Prince Albert will trim any degree of SSLfedyWtJ^ smokejoy you ever registered! It s a revelation! put a pin in here! Prince Albert can't bite your rEteJT'JJK tongue or parch your throat Both are cut out by our exclusive patented process. So, just pass up any old Ebm idea you may have stored away that you can't smoke a B? pipe! We tell you that you can— and just have the tune « pj of your life on every fire-up — if you play Prmce Albert ■ What P. A. hands you in a pipe it will duplicate in a home-made cigarette! Gee—but you'll have a lot of |^b> fun rolling 'em with Prince Albert; and, it s a cinch fl because P. A. is crimp cut and stays put! i Mnge Albert ^ w""iT^*'**' the national joy smoke

POST OFFICE NEWS Office i* opened mi weekdays 6.15 - A. M.. closes. 8,00 P. M. Money order - department opened from 8.00 A. M. r until 6.00 P. M. Closing time of out- ■ going mails for Philadelphia, Camden and point-, be6.15 A. 51. i 8.45 A. M. I 12 Noon I 1 P. M. 3.45 P. II. 8.00 E. M. Atlantic City nnd I'leasanlville: 6.15 A. M. 3.45 P. 51. 8.00 P. 51. Millvillr. tint-land and Bridgrton 6.15 A. M. 8.45 A. 51. 3.45 P. M. S.00 P. 51. Cape May. Wildwood. Cape .May Court Hituw, Sea Isle. Avalon, IVrmonl and Slone Harbor: 6.15 A. M. 8.45 A. 51. 12 Noon 8.00 P. M. fTre escapes for all types of buildings ALSO REPAIRED AND PAINTED , We guarantee approval of local and State authorities 1 on all our work. i Builders' Iron Work BRWNWIRTH A CO. "L't t» Estlm.it*" L. Leslie Headley Co. BUII.DEK5 Architectural Service 515 EIQHTH STREET iEi|Vit..4».,n, Ocean City. N. J. ami Bud-ler of Altis'.ir RungsConvenient Cottsgrs, Dp-to-Date Mmletti Hotels. Mleriliont iobbrey HUMBERT C. PONTfERE BUILDER 'Ireet OCEAN CITT. I. J. SMITH & DENNIS Builders JOBBING CARPENTER No Job too Latge. No Job too Small House* Closed and Openeil j All Work ( I Guaranteed Harry R. Hayes CARPENTER Jobbing work promptly attended to lor Sale Cotugrs lor Sal* sod Rent ThirU-th id SI. iid Asbuq Ate. OCEAN CUT. I. J. OTIS M. TOWNSEND BUILDER Officr; 8th St. Opposite t. <> OCEAN CITY, N. J. Only galvanized nails ttsed on exterior work

E. A. BOURGEOIS Formerly of Lee A Bourgeois Carpenter and Builder OCEAN city, N. J. t Jobbing Work a Specialty ' ; ' — <1 E . A . BOURGEOIS901 Central avenue t Ocean City, N. J. Phone 471-W f | 1 6.0. Adam «. W Adam M.S.Adauit 1 6E0. 0. ADAMS ft CO. PLASTERING, RANGE SEW BUCK LATING, Etc., Etc. All Work In Masati Line Prompt i Attended To. OCEAN CITY. N J Baggage Called for and Delivered Lncaland Long I)l-iatice. Plume 2Sflw TRUCK SERVICE J. B. THOMSON & SON EXPRESS 732 WEST AVENUE Ocean CIlJT, New Jersey Leander S. Corson BUILDER toaa wcslcv >«(. „ ocaan city, n. a. pmonc. ter-e - SEE ===== w CLOUTING, BRECKLEY AND 11 GODFREY , Contractors anC Painters OCEA - CITY. N. J. 1 Bell Phone 804-R-22

Time of delivery of mails through "1 5 lock boxM) MS -v. M.; $30 A. M.; J t I2(i0n...m: P. M.; 1.15 P. 51.: ( I. and 6.45 P. 51. There nre two ■Ieliverie* of mail by carriers, one in the morning am! the - other .in the afternoon, with the exception of the business section which has three deliveries, morning, noon and ^ One delivery of parcel post daily. „ r S SENTINEL ad* bring result*. Plans and Eatimntes Furnished £ All Work (Inaranterd LEWIS COSSABOON 1 Contractor and Builder 156 Ashury Avenue OCEAN CITY Phone Theo. F. Hildreth Electrical Contractor Jobbing Work a Specialty v Office: 1032 Central Avenue OCEAN CITY. N. J. George \V. Htirrls Contractor, Builder and Jobbing * Pl*»« P,-«. ttunzalnw, a Specialty No. 13 W. Fourteenth Street OCEAN CI I Y. N. J. BaUTbuoe. 04 J Bell Phone 852-W W I L L I A M UNCLES* Contractor 1 MARBLE AND TILE office 24-A N. New Jerttey Avenue > Atlantic City, N. J. Store Front*, Bath Rooms, Porches, Fireplaces

401 ASBURY AVE. i Fancy Groceries Delicatessen Fruits and Vegetables Light Lunch and Ice Cream ' Phone I77-M William T. Carwithen ! J ; 'b Wm. H. Powell General Contractor . Grading and Street Building ^ Thirty-fourth St. and West ave. OCEAN CITY. N. J.

Our Wall Paper j is a veritable find. We aim to please the particular. Just come down and inspect our numerous designs. 11 you art critical it may lake you a long time to decide — there are so many patterns to choose from — but the point is that you can lie suited exactly right and at prices that will appeal to you. ALFRED R. SMITH 1048 Asbury Ave. Ocean City New Jersey

(Bid defiance to the storm- modern heating- t " keeps r. the winter's storm breaks around your home you want to keep I warm. Maybe we can assist you In that regard. A* plumbers we suretyknow our business. We charge modestly for our services. HANS BURKHARDT 649-51 Asbury Avenue OCEAN CITY, N. J.

Real Estate and F0R Company $6.50 Fidelity Trust Comrinv lildwotnT'Tiile aod Trosi Co. . CORD WOOD Title Insurance Abstract, of Title J0Seph McGuigatl & Soil Conveyancing " ° Fire Insurance PALERMO, N.J. Service All Wolk Gtiammre - n r. , , , i ■■■■ . Money to U,.njn OoodJ.rrt B. L. SM1TH E CAMPBELL offices in Smith & Campbell Nationl Bank Building MOUSE AND SIGN Cape May Court House PAINTERS N- J* -J4J Asbury Ave. Ocean City, N.J R. H. JOHNSON PLUMBING COMPANY i» now in in New Offices 817 asbury avenue f where patron* sod friend* will be cordially welcomed

John Marts Lumber Co. Ninth Street and Haven Avenue OCEAN CITY. N. J. Lumber Millwork. Moulding. Building Pjper. Plssler Board. Nails, Sub Weighs etc. Estimates Furnished. Prompt Delivery. J. E. WELCH THE BUILDER COR. SCVCNTH STREET SND WESLEY AVENUE OCEAN CITY, N. J. CI NIHIL CONTRACTOR JOSEPH BROADLEY PLUMBING and HEATING 731 Asbury Avenue Ocean City, N. J.' Phone 85-M

SALE Bungalows and collages ready built or oailt to ordsr. POPE R'S Estimates given on alterations and repair work. COMFORTABLE Vxbinsc, H. B. COOPER, Jr. ^TTAOES BUILDER 29th and central ave. Ocean City, N. I.

S B SWAN j. g. TROUT SWAN and TROUT RRSCTtCat CARPENTERS /^^and BUILDERS lOSOSSBUHYAVENUrra, .'i^^^3ocean city. n.j. jobbing a specialty

WIRE KRAUSS To Wire Your House PHOXB No. 177-W 411 ASBURY AVENUE OCEAN CITk" NEW JERSEY

YOU 8H0ULD HAVE A Reliable Builder To erect your Ocean City cotUge. You tannot spare the time to took after it closely yottreelf aud must depend upon the honesty of the contractor. I have built for a large number oi people and could refer you to sny or all of them. Send for the list of names and photographs oi the houses. Otis M. Townsend OFFICE pun nrD OCEAN CITT. sth 8l opposits r. o. E3 w I LULn n. j.

Any Kind *ny Where Joseph G. Champion Building Contractor OCEAN CITY. N. J. Tenth Street and West Avenue ......... j