Illinois News Index

Wilmette Life (Wilmette, Illinois), 11 Jan 1934, p. 1

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Savings Mass Meeting at Stolp Audi- toriunm Places Approval Upon Community Enterprise, At 'a, mass meeting held ini the auditorium of Stol p school Tuesday night, definite stepswere taken for the form ation of the First Federal * Savings and Loan Association of Wil- mette, which. will be under direct fed- eral supervision as a member: of the Federal Home Loan bank. Trhe meeting. was sponsored by Wil- mette Chamber. of Commerce,, which h as taken*theinitiative in presenting. the plan to the people of the, village. The speaker was O. R. Kreutz, field organizier for Illinois and Wisconsin, who presented ini minute detail. the working of the pr ôposed organization, e paining .that sme schpln o the financing of homes becamne a ne- * ce ssity whecn the usual channels were closed and home owners Touti4 theni- selves unable to .renew mortgages or negotiate new ones., He gave a stert- ling figure as the total of mortgages. t ow in effect on Wilmette properties, and showed the disadvantages of the old metbod of having a mortgage fail due in a lump sum. The new plan, he explained, caîls for a montl- ly reduction systematically continued until the sum is fully amortized. Not Part of HOLC many questions wnicn ine peaçe answered to -theý satisfaction of the audience. One point upon which, emphasis was laid is that the local organization will,,have absolutely no connection with the Home Owners Loanl corporation, which is a tempor- ary relief agency 1set u to bridge the gap between the breakc-down of the old system and the establishmient of a permanent substitute that would be more advantageous to the citizen who must . borrow on bis home. 2-Optional SavinghS share, designed .Particnlarly for, professional, nien or Loan ssocition to Açlbrn Counc lI LoanAssciaion R.om With Murais, othes. hos0încme~ re rreglar Definite arrangements to have mural thus preventing. the followlng of a stated paintings depicting outstanding events savings plan. The subscriber, makes in the history of. Wilmette adorn tche lump sum payment. at perlods ukonven- council room at the Village hall Nvere lent to hlm, until the. payments and facomp1eted this week when -Villagt crued divideflds pay out.. The dividends Mna erCM.sbncnfre tl are comp o unded semi-anminally.-"aaeC .Obr ofre et 3-Prepaid share, which is designed artists, retained under CWA sponsor- for the investor who.desires a lump mui Iship, on preliminar y plans for the pro- investment to be lef t undisturbed, with- out. takl.ng divIdends but having thenI ject. credIted to his ivestmeflt. P'or exaxnple, The next ipratse rlmnr $500 *là lnvested. and' remaine iuntouched to actual executioni of the painting$ until the ýaccrued divldends brlng 'Its 1iîb .erc o itue eii total, value to $1,000. wl easac.o itrsrmns 4-Fuli pald Income .share, for, the Cent of the earlier history of~~~ Investor Who wishes to make a lump lage., These, the ar tists hope, wilI e sum investmnent and, withdraw the di - loaned by resi dents whio may possessi vidnd asthy bcoe de.such views. These pictures may be1 UnsxceIIeJ IDnvet > brought to the offices of Manager Os- Teeinvestments, iwaasrtd, born at the Village hall with the as- are as attractive, as thïe highest, type surance that they will not be mnarred of bonds, with tht added feature that norIost, being-used1 merely to afford (Continued'on page, 37) a basis upon which the artists niay ______________________- execute their designs. Rotarians Back .Bo ok Campaign for CCC Campers Cooperation in providing books and magazines for the young men billeted, at the Civilian Conservation corps camp at Harms and Glenview roads west of the village was promised by the Wilmette Rotary club at its meeting Wednesday of last week. The community service committee of the lubwas requested to assume In response to an appeal published in WiILMEm .LiFE last week a large supply of books. and magazines was donated by villagers and taken to the offices of the Wilmette Chamber of Commerce at 1137 Central avenue. Many more books and magazines of alI kinds are needed to provide suffi-, cient reading 'material, for the 1,885 young men at the barracks, during the winter months when work on, the Skokie Valley development . is f ré- quently interrupted because' of severe xeWc4WAiion iiews .....am Society Pages. 30-33-3435-36 Tentative plans contemiplate an ac- curate historical record of the village frônm its eariest beginniings.. These would take form in tîree general classifications: 1. Francois Quilmette and lis Indian wife Archangel, who,- obtained the first land grant lere; 2. Incorporation of the Village of Wil- mette in 1872; 3, The niodern.Wil- mette. Welf are Board Issues Anneal for Clothing openK, asi a -..- . .- - -r' istered with the CWA and have not been called for~ work come to the office for odds jobs to help .supply their needs while waiting assignment. As many of the men now employed on CWA projects are not properly clot.hed for work in the open, -there is an urgent need for warm clothing, such 'as underwear, sweaters, jackets and overcoats. The Welfare board is undertaking to collect and distrib- U .te such clothing, and sends out an nted during thet ýe job was dont. Postmaster General Orders Al Matter Put in Houa. Boxes Must Contain Postage Postmas.ter Uefleral. shall Dé feuvev and apply to such receptacles." The teetl in the new order is con- tained in the f ollowing provision: "'When a carrier finds ,dePositedi such a mail box or other mail1 reteptacle mailable inatter on, which no. postage bas.been paId, addressed to.or lntenàd for. the person in ,whose fbox At is de- posited, he shalli take 'such ýMatter to« the post office to -be held for postage. . According to tle order, th.e regula- tion applies also to mail boxes on rural routes. - redecoratio HALLS CWA worl p school were the forcei smas vacation. the few wl -WA workers. ited spacei can ci Chief Postmaster joseph E~. Shantz, bas, rec.eived from the office of the Post- master General Farley at -Washington an order that will undoubtedly effeet acange in the metbods o hs ç~spss concerns: which have been making personal .delivery of state-, ments- ofacons circulars, sale-, buis and other mailable .matter. Ti practice came into vogue as a inatter of economy following the advent of 3-cent letter postage, and 'in making ,suchi deliverie's'tbe private nmail boxes have been utiliied. The new order is intended to. discourage the, customi. The point is emphasized that the privat:mail boxes or Qther re- ceptacles provided by citizens for* the rec . ail are intended to facil- W t eelivery of mail when city or village letter carrier service is supplied. The point is made also that the boxes often contain so much ex-, traneous matter that carriers 'have difficultv in inserting mail. That the United States Postal department las control over private mail boxes is set forth in, the following regulation:

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