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WELLAND PROGRESSING
[Welland Telegraph, 9 January 1891]
During the present week a local board has been formed in Welland in connection with the Canadian Mutual Loan and Investment Company. The prominent features of this company are a safe investment for money and borrowing facilities, whereby members of the company are assisted to build and own their homes. The successful working of building and loan companies has been time and again demonstrated in the Old Country, where they have been in existence for upwards of a century. In the United States they have been operated for upwards of sixty years. Six thousand associations are at present assisting the enormous tide of emigrants to establish their own homes. Mr. L. Durham Johnson, the general superintendent of agencies, has succeeded in establishing a very strong local board. The following gentlemen are appointed:
- President- Mr. G.L. Hobson
- Vice-President- Mr. Robt. Cooper
- Sec.Treas-Mr. F. Swayze
- Solicitors-Mr. W.M. German
- Valuators-Major L.C. Raymond, Mr. Geo. H. Burgar, Mr. T.D. Cowper
- Directors- R. Morwood, Ross & Co., W.H. Crow, F.G. Hutton, VS, Dr. Schooley, Dr. Glasgow, J.R. Sawle, H.D. Lock.
The secretary-treasurer, Mr. F. Swayze, whose business energy admirably qualifies him for the post, will furnish the requisite formulas to any of the public desirous to obtain membership in the newly formed board. The excellent pamphlet issued by the Canadian Mutual Loan and Investment Co. simply and thoroughly demonstrates the working of the scheme, which is already making rapid strides in Canada. The company whose head office is in Toronto, has men of Dominion-wide reputation in close connection with it. We find the name of J.J. Withrow, Esq., President of the Toronto Industrial Exhibition, as chairman of the board of trustees, coupled with the names of His Honor, Judge MacDougall and Wm. Badenach. We wish for this new Welland enterprise all the success it deserves.
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