Ninth Annual Report Of The Commissioner Of Labor 1893

Excerpt from Ninth Annual Report of the Commissioner of Labor, 1893: Building and Loan Associations Building and loan associations have existed in this country since about 1840, although the first organization of the kind of which there is any record was organized at Frankford, a suburb of Philadelphia, January 3, 1831, under the title of the Oxford Provident Building Associa tion (a); but the decade from 1840 to 1850 can be considered as being the real period for the permanent inception Of such associations. It is not essential in this place to trace the history of the origin, growth, and Spread of these associations, for such historical data have been given in the works cited. The chief purpose of the investigation was to ascertain the financial and economic conditions accompanying these associations, the magnitude of the business conducted, and such facts as would tend to enlighten the public on a unique private banking busi ness, of which but little has been known beyond the mere knowledge of the existence of such institutions. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.