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Show THE HOME OWNERS Figures of the activities of the building and loan associations ol the United States are always interesting because they form an indext of the prosperity and progress of the people of the country coun-try in moderate circumstances. These associations, as everybody knows, finance the building of homes by persons who are unable io pay cash . Of course there are now many other methods of financing fi-nancing the building and purchasing of homes, but the building and loan associations occupy a very important place in home financing financ-ing and their activities are always significant from the standpoint of the modest home owner. According to H. F. Cellarius of Cincinnati, secretary of the national association of these organizations, 500,000 American homes were bought or built last year on mortgage loans secured trom building and loan associations. There was a thirty per cent increase in residentialb uilding in the country during the same year. There are more than 12,000 of these associations in America and their assets amount to more than five and a half billion dollars. Ten million Americans hold stock in these organizations and the increase in assets during 1925 amounted to $743,238,95 7 or 15.6 per cent, while the growth of membership in the associations was 1,332,645. The growth of institutions of this kind is indicative of the prosperity pros-perity of the workers of the United States. So long as the number num-ber of home owners increases so rapidly there is little danger of bol-'hevism bol-'hevism in America. The American worker is rapidly becoming a capitalist, and he is going to be slow to risk his assets and his opportunity op-portunity for betterment for the promise of a Utopia which he knows has never yet been made possible in a world of human shortcomings. |