1893 - State Library Information Center

IRFAU OF STATISTICS01' I,AI;".R AND iMÛSTHMioOF Nf-AV JFR. C ,F.Y,< 1 1! A JS. 11, ; • 11\ i ;\ ii •; i MYI AJST,Chief.

SIXTEENTH ANNUAL REPORTof theBureau of StatisticsofLabor and IndustriesofNEW JERSEYFor the Year Ending October 31st1893?7H•90/L3I 'TRKNTON, N. J,:MACCKHI.LIHU SL

Contents.PAGE.INDEX TO SUBJECTSLETTER OP TRANSMITTALixxixINTRODUCTIONPART I.—United States Census Returns, 1800 1-51What the Manufacturing Statistics contain 3-6Contribution to Wealth of Country 5Comparative Summary of Manufacturing Statistic?, UnitedStates, lKfo), 1890 6, 7Comparative Manufacturing Statistics, New Jersey, 1880, 1890, 7, 8Leading 8tate Industrie?, Product, Capital, Wages and Employe*9-12Female Employes in Specified Industries 12-14Children Employed in Factories 13,14Comparative Number of Men, Women and Child Workers inManufacturing.... 14Flax and Sorghum Cultivation 15Value of Farm Productions 15, 16Cereal Acreage.. lfi, 17Live Stock, Milch Cows, and Dairy Products 17Farm Values, Acreage, Ownership and Number of Farms 18, 19Table I —General Statistics of Manufactures, totals for UnitedStates, by States and Territories 20-23Table 2.—Statistics of Leading Industries, Comparative forNew Jersey and United States 24, 25Table 3.—Statistics of Manufactures, by Specified Industries,New Jersey 2(>-41Table 4,—Statistics of Agriculture, by Counties—Farm Acreageand Values 42Table 5 —Classification of Farms by Acreage and Tenure, byCounties 43, 44Table 6.—Live Stock and Live Stock Products, by Counties 45Table 7.—Miscellaneous Crops of Farms, by Counties 4(5Table 8—Cereal Production, by Counties 47Table 9.—Statistics of Manufactures, totals, by Counties 48-51PART II,—Social Development and the Functions of Bureausof Labor Statiatios 53-69(Hi)xxi

ivCONTENTS.PART III.—Free Public Employment OfficesIM(JK.71-7.SPART IV.—-Woman's Work and Wages 7

CONTENTS,PART V.—Co-operative Building and Loan Associations—Continued.PAQB.Gross Resources and Net Assets, Total 162Indebtedness, Total 162, 168Receipts and Disbursements, Total, Itemized 168-165Losses and Defalcations... 168, 164Shares Cancelled and Issued Daring Year \ 65-167Shares Matured During Year 167, 168Fines Paid During Year 160, 170Interest and Premium Ratep 168, 170-173Formulas to Transfer Gross into Monthly Premium Rates 172, 178Mortgages and Loans, Size of. ....*..,... 178, 174Arrears, Total 174Outside Loans 174, 175Dwellings Acquired 175-177Statements by Secretaries of Associations: Orville Co-operative,Park Ridge Washington Township, RutherfordMutual, Fieldsboro Mutual, Woodlmry Real Estate,Montclair, Newark Hearthstone, Mutual Land andHom«, North End, Roneville, West End, and New BrunswickAmerican 178-184Number of Associations in the United States, and Facts Relatingto Membership Thereof. 184-187Appendix I.— Detailed Statistics of New Jersey AMBociationp... 188-481)Summary 1.—Classification of Association*, Net Assets IKS-UK)Summary 2,—Classification of Associations, Number of SharesOutstanding 191-198Summary 8.—Classification of Associations, Number of SharesPledged 194-1MSummary 4.—Classification of Associations, Membership 197-1&OSummary 5.—C'assification of Associations, Borrowers 100-208Summary 6 —Number of Series, Shares Outstanding, Issuedand Canceled During Year, and Bhareholdwre.. ...*.,„ 204-207Summary 7.—Number of Shareholders and Borrowers, Male,Female and Corporations r... 208-210Summary 8.—General Statistics; Shares and Shareholders;Net Assets and Profits; Amount of I)«bta Owing bv Associations,of Receipts and Disbursements; Current OfficeExpenses 211-280Summary 9.—Investment of Assets, Arrearages, Dues inAdvance 281-238Summary 10—Maturity of Shares, by Associations, DuringYear 280-248Summary 11.—Interest and Premium Rates, by Associations,During Year 244 247Summary 12.—Premium Plans, by Associations 248-251Summary 18.—Periodicity of Issuing Shares, Maturing Valu*of Shares, and Installment Dues Payable 252-254

viCONTENTS.PART V.—Go-operative Building and Loan Associatione—Continued. 1>A(J K.Summary 14.—Mortgage and Book Loans to Single Stockholder?5?JV>-*J:>7Summary 15.—Placing of Loans During Year—Radius of DiHtance-*»» ->'•»Table 1.—List and Location of Associations, and Names ofSecretaries; Dates of Organization; Plans; Frequencyof Issuing Series; Number of Series Issued, Runningand Matured; Installment Dues Payable; MaturingValue of Sharesl.'0 U81Table 2.—General Statistics, by Associations, Showing Age ofAssociations, Dates of Reports, Total Number of Sharpsin Force and Pledged, of Shareholders and Borrowers ;Amount of Net Assets, of Dues Paid on Shares in Forceand Net Earnings; Debts Owing by Associations, andReceipts and Disbursements During the Yearlisu-.'tunTable 3—Statistics, by Associations, Showing Nature of Investmentof Assets; Arrearages; Dues in Advance; AggregateLoans to One Stockholder; Loans to Non-Stockholders;Securities in Default, Amount and Losses ; Placingof Loans; Interest and Premium Rates; PremiumPlans; Rebater:tlM~:{s:5Table 4.—Statistics, by Associations, Showing Total Numberof Shares in Force, Issued and Canceled During Year;Shareholders and Borrowers—Males, Females and Corporations;Houses Acquired During Year by Borrowers... .'tN4-4or>Tabled.—Statistics, by Associations, Showing Total Numberof Shares Outstanding in Specimen Series ; InstallmentsPaid per Share ; Net Holding Values, and Profits ; WithdrawalValues and Withdrawal Profit?40(M:wAppendix II.—Decisions of New Jersey Courts of Chanceryand of Errors and Appeals in Lincoln Association v.Bowen, on Fines and InterestII1-117Appendix III.—Papers Read Before the New Jersey Buildingand Loan Association League, January, 1894 ; PremiumPlans, by Alex. Christie; Apportionment of Profits, byJames Warrington; Defects in Building and Loan Associations,by Win. B. Smith, J. L. Jamison, and J. J. Burleigh44N-WKHow to Provide for the Payment of Maturing Shares, byHon. Seymour Dexter 4118-471PART VI.—Labor Legislation of New Jersey, 1804 47~>-47i>Repealing Act to Appoint Commissioner of Minep 17f>Further Defining Duties of Factory and Workshop Inspector, 475, 470Relating to Employment of Labor by Corporation*? 47*1, 477Providing for Free Text Books in Public Schools 477, 478

CONTENTS.viiPART VI.—Labor Legislation of New Jersey, 1894—Continued.PAGE.Further Regulating the Appointment of Commissioners ofPilotage and Pilots 478, 479PART VII,—Building and Loan Association Laws of NewJersey 481488

INDEX.PAGK.Acts of legislation, New Jersey 473-479Building and Loan Association 481-488Labor laws 473-479Agriculture, Statistics of New Jersey 3, 15, 19, 42-47Books, Free School Text-Books, Provision for 477, 478Booth, Charles, Work of 62, 03Bounty Legislation, Besults of. 15Building and Loan Associations of New Jersey, Cooperative143-471Age of association 158, 159, 188-190, 282-323classification by 159in United State? 186Advance payments 174, 211-288, 325-382Arrearages 174, 282-288, 324 381Assets, gross 102, 231 237, 324 380net153, 156, 160, 161, 188 190, 211-237, L'82-322Borrowed on shares, number of. 153-155, 157, 204 207, 211-227 281! 322,385-405Borrowed money 162, 103, 212 230, 283-323Borrower*?, classification by 157, 200-203male, female, corporations 155,208-227, 385405number of. 153-155, 200-227, 385-405United States, in 186Burleigb, J. X, on defects in 467, 4«8Business depression, effect of. 152, 153, 178on savings banks 154Canceled shares, amount paid on 1(53, 165, 214 230, 285323number of 105-167, 204 207, 384-401Capital, net. See Asset*.Cash on hand 174, *tf I -2:i7, 324-381borrowed and repaid 162, 163, 212-228, 283-323Christie, Alex., on premiums 419-455Classification of associations, summarized 156-158, 188-203Comparative statistical summariep 148, 150, 153-158, 101, 168, 172,173, 177

INDEX.Building and Loan Associations of New Jersey, Oo-operative—Continued.PACK.Corporation?, shareholders aud borrowers 155,^08-210, 88-V 405Court decisions—Chancery and Errors and Appeal? 441-447Counsel fees in , 184Current expense? 1G3,165, 214-280, 285-323Debts of association? 102, 103,212-230, 283-323Defalcations 164Defaults in securities 164, 820 883Defects in, papers OD.. 401471Delinquent association? 145,147Depression, business, effect of. 152-151, 178Dexter, Hon. Seymour, on maturing sham*IOH-471Disbursements 103, 214-230, 1?S3323DiscountHby 102, 108Distance of making loan?, radius of, , 174, 258, 255), 320383Dues, interest and fine? 103, 168-173, 178, 213-238, 324383advance...... ., ..174, 232-238, 324383installment 211-227,282 322Dwellingp, acquired through 175 177, 180, 385 405in United States 180Earnings, net 107, 108, 211-227, 239-243, 282-322Expensep, current , 103, 105, 214-230, 285-323Female shareholders and borrowers155, 208-210, !iS5-405Fines paid103,109, 170, 213 %\Harrear?109, 232-238, 324-HH3court decision on 442, 440, 447reasonable, when collectible 442,440, 447Firms. See corporations.{._. Foreclosures 104, 32038,*Foreign association?.... 144Forfeited shares 100, 107, 384-405Formulas for finding premium rates 172, 173Homes acquired 175-177, 180,3*5-405in United State? « 186Homestead Association, plan of. 147, 180-182Increase and decrease in business 153, 154,161), 101, 204, 207in number of associations 145, 147, 153Indebtedness of associations 162, 163, 2!2~:0, 283- 323Installment dues211-227, 252-254, 261 281, 282 322, 4074MInterest and premium.. 168,170-173, 213-238, 244 247, 324 883on matured shares 168, 239-243Interest, when begins to run 444Issued, shares 165-167, £04, 206, 384-404Jamison, J. L., on defects in 464466Lapsed associations 145,146, 148share* 106,167,384-405Largest association?159, KJO

INDEX,xiBuilding and Loan Associations of New Jersey, Oo-operative—Continued.PAUK.Laws of New Jersey, building and loan 481 488League, New Jersey, papers read at 449 471List of associations 260 281Location of association? 2P>0 281Loans, amount Utt, 1G5,17a, 174,1KG, '214-237, % 5 2n7, 2-H 38'2average of outstanding 173,174, 25>257during year \ 214 237, 283 323in United Statep 186out of State 174,175.32H 383placing of, distance 174, 25S, 259, 326 383real estate 173,174, 231-237, 2)5 ^7. 324-381repaid 163, 213229, 283-323aingle stockholders, average to .173, 174, 255 257, 325 382smallest and largest 173,174, 2fi6 257stock 173,231 237, 255-2o7, 324 381to non-shareholders 174, 175, 325 382undelivered U>2, 212 228, 255-2*>7, 283-323Local associations, number in United States 186Losses in 1(53,164, 326 383Male shareholders and borrower? \55, 803-210, 385 405Matured series and sharep.. 167, 168, 2*9 243, 2ft 1 281interest OD 168, 239 243payment of. 183,468-471profits on , .....168. 239 243Maturing values of sharep 252 254 261-281Maturing shares, how to provide for 183,468 471Membership 151-151,155, 157,186, 197-199, 205 227 282322, 38V405Mortgage loans , 173, 174, 231-267,255-257,324-381National association? 140, 151, 186Net assets 153, 156,160,161,186 160,211 2*7,2*2-381New incorporations 145-147Non-resident shareholders 151, 152Number of association?, comparative Bummary 148, 151), 153Organization of associations, dates of. *...... 260 280Out of existence, associations • 145, 146,148• Outside loan? 174, 175, 32f> 382Paid-up shares 154,156Perpetual association149,150,158,252 254. 2WV280PUdged flharep 163155, 157, 194-196, 201 207, 211 227, 282 320, 385 405Placing of loans 174, 258, ?5t), 326 383Premiums, interest and UH, 170-173, 213238. 214 217, 3:6 883formulas for 172, 178in arrears170173, I'M SHS, :*2& S82legality of.44J-J-445plans 2*8251, H5M :W3, 449-456rate? 170-17:', 214-247, 326 383unearned 162, 2122.8, 283-323

xiiINDEX.Building and Loan Associations of New Jersey, Go-operative—Continued.' PAGE.Profits, net 168, 109, 211-227, 230243, 282322, 406-430apportionment of. 455 401Real estate owned by association?...174, 231-237, 324 ,'JSlloaoe 17U, 174, 231-237, 2n5«257, 324 ."581Rebates allowed in..,.. ....,247-251,220-383Receipt?..... .......163, 105, 213220, 28:? 323Redeemed shares ;.... 166, 167, ;?S4404Resources, groflg 102.231-237 324-381Salaries paidKi3, 105, 214 230. L'K:J-;123Savings banks, business of. 154Secretaries, names and residence of. 2o, -81statements by I 78-1S4Securities in default104. ;i2i> :;.S3Serial associations 14!), 150, 252-2A4, :"

INDEX.xiiiBuilding and Loan Associations of New Jersey, Co-operative—Continued.PAGE.Terminating associations 149, 150, 158, 252-254, 260 281final report of Fieldsboro 4 179United States, associations ir, number 184187local associations in 186membership fact? 185 187national associations in 180Unverified statements, associations making 147Years in operation 158, 159, 186, 188-190, 282-324Warrington, Prof. James, on apportionment of profits ,....455-461Withdrawn shares 165-167,384-403Withdrawal values. 169,406-439Women as shareholders and borrowers 155, 208-210, 385-405Worth, net. See Net Asaets.Values of shares 406-439Burleigh, J. J., on building association defects 467, 468Business Depression, effect on building and loan associations.,. 152-154,178Capital Employed in Manufactures. See Censup.Census Returns, 1890, U. S \\ 51Agriculture .- iJ, 15-19,42-47bounty legislation, result of. 15cereal crops, acreage lt>, 47comparative statistics, 1880,1800 ll>, 17farm acreage. ' 18,19, 4244tenure 18,19, 42-44valuep 18,19,42farms, number and size of. 18,19, 42-44flax, bounty 15crop.. 15, 4(>land, improved 18,19, 42-4live stock, value and productions 16,17, 45miscellaneous crops • 4productions, value of 15-17, 42sugar, bounty..—. - ........15crop 15, 4(>Manufactures 3-14,10 41, 48-51comparative summary, 1880, J SIX) (>-8United States 0, 7New Jersey 8child labor, extent of and df create in 12,14cities, inHcapital employed in, total, 1880, 1890 u-8United States.,..,...G-7New Jersey.. 8

xivTMDKX.Census Returns, 189O, U. S—Continued.IMiemployes in, total number, mso, lHiK)'» HUnited States . 7New Jersey *male, female, childrenI-Ifemale labor, extent of • 1~\ 14general statistics by States and Territories of. 20-1: {increase in 7. 8leading New Jersey industries1M.S, 2i, L'5materials uaed ID, total, 18801800 8United States.,....., f> t>New Jersey..... 8specified industries, general statistics.....* ,.. 10 i:i ( :M U)tables of, what they show ....,,.........,..,. ..,;*, 4, nwages paid in, total, 1880, 189i)f> sUnited States.. r>. 7New Jersey 8wealth of country, increase of. f>Oereal OropB Hi, 47Character of WorkingwomenChild LaborChristie, Alex., on building association prerniutiipmVl-H, s;t, sj4lt> •!':»Co-operation.Corporations.See Building Associations.See Building Associations; Labor Legielation.Court Decisions. See Bnilding Associations.Depression in Business, effects of. , , WlAftS, J7KDexter, Hon. S., on building aseociationpion J7iDwellings Acquired in Buildinar Associations 17., 177Boonomist, future work of n i 2, «I4Employes,See Oansus. Womea'a Work.

INDEX.XVPAGE.Employment Offices, Free Public 71-78Desirableness of. 73-74France, successful operation in 76-78free municipal registry offices in 77, 78labor exchanges in 78, 77Paris labor exchange 76, 77Ohio, establishment of, in 74-76Recommendations as to, by Labor Bureau Convention 73, 74Sovereign, J. R., on , ,, s .....73Faotory System, effect of. 81,82Factory Inspector, to inspect mines 475,476Farm Statistics 3,15-19,42-47Female Labor. See Census. Woman's Work.France, Free Labor Exchanges in 76-78Free Public Employment Offices 71 78Free Text Books in Schools, provision for 477,478Homes Acquired from Building Associations 175-177Industrial and Social Development. See Census. Social Development.Interest, when begins to run on mortgagee... 444Jamison, J. L., on building associations 461-460Labor. See Census. Woman's Work. Building Associations. LaborLegislation.Labor Legislation, New Jersey 473 479Corporations, employment of labor by.. * * ...470, 477Factory inspector, to inspect mines 475, 476Free school text-bookp, provision for 477, 478Labor organizations, corporations and « 470, 477Mines, commissioner of, abolished 475Pilots, further supplement to establish and regulate 478, 479Labor Organizations, Corporations and 476,477Labor Statistics, Functions of Bureaus of 53-69

xviTN1)EX -I'AOgLand, Improved, in farms, decrease 18Laws. See Labor Legislation. Building Association*.League, New Jersey Building and LoauLive Stock on FarmsM\)~U\\H; > 17,45Loan Associations, Building, and. See.Male Shareholders and Borrower*. Hee Building Annotation*,Men, Wages of. See Census. Woman's Work.Manufactures, Statistics of. See CensusMines, Inspector of, abolished • 475Modern Industry, characteristics of 62,63Ohio, public employment offices in 74-6Pilots, Act to Regulate»7M7OPublic Employment Offices, free 71-8Public Schools, free text books in 177, 178Savings Banks, effect of depression on 154Savings of Working WomenW, r.M-124School Text Books, free public 177, 178Social Development and Functions of Bureawi of Labor 53 t\\)Antiquity of political scienceAfl

INDEX.PAGE.Smith, Wm. B., on building associations 461 464Sovereign, J. R., on free employment officep 73V. S. Census Returns, 1890 3-51'Wages. See Census. Woman's Work.Warrington, Prof James, on building apsociatione 455 461Wealth of Country, increase in 5Women in Building Associations. See Building Associati m*.Woman's Work and Wages 79 141Bureau investigation, objects and results ...., 84 86Changes in, effect of factory on , ,.,,..,..81, 82Displacement of the man worker 81, 82Increase, relative, of malo and female workers ,8H, 84Wage-earnerf, number of men, women and children 83, 84Workingmen, age of. 87, 01-94age began to work 87, 91-94board and rent 89, 112-120character of 90Gonjugal conditions , ........89,113-117cost of living of. 89, 90, 121-124home condition? 89, 113-117hours at work 87,88,04-98income 89, 121-124nativity 87,91-94number reporting ...„»... , ........86, 87regularity of employment 83, 99-112rent and board 89,112120savings 90, 121-124seatP, provision for 88,9498United States Labor Bureau on 85,92years at work ...87,99,112wage rate*? 88, 89, 99 112work time 87,88,94 98

STATE OF NEW JERSEY, OFFICE OF BUREAU OF ]STATISTICS OF LABOR AND INDUSTRIES, >TRENTON, October 31st, 1893. JTo His Excellency Geo. T. Werts, Governor:SIR—I have the honor to submit to the Senate and GeneralAssembly, through you, the Sixteenth Annual Report of theBureau of Statistics of Labor and Industries.CHARLES II. SIM MERMAN,Chitf.(xix)

Errata.Page 8, third line from bottom, read " 27 leading cUHHitled itduHtrh^. 1 'Page 163, Eeventeenth line from bottom, read " Ones, inltrnt and tine* "Page 366, fourteenth line from top, read "summary on page /M."Page 173, third line from bottom, read "Total reporting, ce; i>W; " thirteenthand fifteenth lines from bottom, read "average aiortgagPH."Page 262, first line, read " 0. A,Allison."Page 284, twelfth line from top, read >( (rlounester CityImpnivrnunt."(XX)

Introduction.On the second day of April I was commissioned as Chief otthis Bureau, after a service of twelve years as Secretary; so thatin assuming the position I was not without experience orknowledge of the work and details of the department. But witha very high sense of the duties and responsibilities resting uponme for the continued usefulness of the Bureau, the work ofpreparing the sixteenth annual report was undertaken andprosecuted with all the energy that an earnest zeal to promotethe objects tor which it was created and the means at commandjustified.Unlike every other department of State government, thiBBureau originates its own work, and the official head is obligedto determine what can best be done in order to comply with thelaw under which it exists. The preamble to the act creating theBureau reads: " Whereas, as guardians of the public welfare,the State authorities are called upon to consider and in all legitimateways endeavor to improve the physical, mental and moralcondition of the citizeus of the State, especially those whose dailytoil contributes so largely to the prosperity of manufacturing andother productive industries." The act provides, that " the dutiesof such Bureau shall be to collect, assort, systematize and presentin annual reports to the legislature, on or before the last day ofOctober in each year, statistical details relating to all departmentsof labor in the State, especially in its relations to the commercial,industrial, social, educational and sanitary condition of the laboringclasses, and in all suitable and lawful ways foster and enlargeour manufacturing and every other class of productive industry,with the view to their permanent establishment upon a prosperousbasis, both to the employer and the employed."As will be seen, the duties imposed upou the Bureau are uotonly important, but necessarily embrace a very wide range ofsubjects and involve a study of the whole field of political and(xxi)

XXJJINTRODUCTION.social science. This comprehends the eolation ot tho induwtrialproblem and the ultimate organization of industry upon a morecomprehensive or scientific basis.Whether this is practicable or not, there are very low who

INTRODUCTION.xxiiisummary of the returns from 3,877 individual working womenand girls regarding their work and wages is given. This chapteron woman's work and wages forms the most important in thisvolume—questious which, for two generations, have been theserioiiB concern of every country of any industrial development.The usual tabulations of statistics from our co-operative buildingand loan associations, as required under the legislation of1890, ate published in Part V. lieports have been received fromall except two local associations. But in several instances thesecretaries of these associations have exhibited a decided disinclinationto furnish their statements to the Bureau, and a considerableproportion of the returns were not verified. Generally,however, our association officials willingly report all the requiredinformation, notwithstanding-no extra compensation is obtainedfor this extra work. These data, summarized and in detail for1893 below, show the increased prosperity of this successful cooperativemovement, although the rate of increase, for well-knowncauses, has not been as great as that of the years immediatelypreceding. The 297 associations, known to have been in activeoperation in the fall of 1893, had 93,889 shareholders, owning634,163 shares, valued at $38,836,487. All but a fraction of thetotal gross resources, which exceeded these net assets by $1,989,-025, was loaned to borrowing stockholders, who aggregated22,910, and owned 173,767 shares pledged for their loans.In the appendix to Part V., extracts from the more importantpapers read before the State league of building and loan associationsare reproduced ; also the opinions of the Courts of Chanceryand of Errors and Appeals in the case of the Lincoln Associationof Jersey City v, Bowen, on the questions of interest and fines.Attention also is directed to the brief outline ot what appears to bethe most practicable plan of providing for payment of maturingshares, by Hon. Seymour Dexter, author of one of the standardworks on building and loan associations.No court decisions on questions affecting the interests of wageearnershave been reported duriug the year in this State. Thecurrent labor legislation, which is not extensive, and the lawsgoverning building associations in New Jersey, are given in theconcluding parts of the present report.

xxivINTRODUCTION.I desire to acknowledge the services of James T. Morgan, theSecretary of the Bmeau, who by experience as a practical woilcingman,as well as by education, is well qualified for the position.I also acknowledge the valuable services rendered by JosephFischer, chief clerk and statistician, in the preparation of thereport, especially the part relating to building and loan associations,which is mainly hie work.As all the earlier reports, prior to that for the year 1885, arenow out of print, those who may be in possession of any of thesevolumes, from 1878 to 1884, inclusive, and have no further uaefor them, will confer a favor by returning thorn to the Bureau.

PART I.U. S. Census Returns1890

PART I.U. S. CENSUS RETURNS, 1890.General Statistics of Manufactures and Agriculture for NewJersey, as Reported at the Eleventh U. S. Census.Through the courtesy of Hon. C. I). Wright, the Commissionerof Labor in charge of the U. 8. Census office, the Bureauis enabled to present in this report the preliminary generalstatistics of agriculture and manufactures for the State of NewJersey, as returned at the eleventh U. 8. census, 1890. Asimilar course was followed with the data obtained in likemanner in 1882. collated as per the returns at the tenth U. S.census; for such statistics not only indicate the industrial conditionof the laboring classes, but show the progress of ourmanufacturing and every other class of productive industry, tofoster and enlarge which was one of the duties imposed by thecreative act on this Bureau.The figures presented herewith are preliminary, and subject tomodification for the final report of the Census Department.With the exception of mining and quarrying, which forms thesubject of a separate report, the tables of " statistics of manufactures"below include the data for all classes of mechanicaland manufacturing industries as reported at the eleventhcensus, namely, the totals, by Statos and Territories for theUnited States,* and by specified industries for New Jersey.These tabular statements include only establishments whichreported a product of $500 or more in value during the censusyear ending May 31st, 1890. This was also the basis of thereturns at the tenth census, 1880, but the inquiry was not soextensive, the following industries being then omitted, but areincluded in the totals for 1890, viz.: bottling; cars and general• From Extra Census Bulletin,, No. 67.(3)

4 STATISTICS OF LABOR ANI. TNI.USTKIKS.Bhop couBtrnction and repair, by steam railroad companies;chin* decorating; clothing, women*, dressmaking; cofhns andburial oases, trimming and finishing; ->tton cleaning andrehandling; cotton ginning; cotton waste; drug grinding;druggists' preparation., not including prescription.; gas ilium,-nating and heating; hay and straw baling; and millu.ery,custom work Petroleum refining formed the subject ot a separatcreport at the census ot 1880, and the statistics were notincluded in the report on manufactures. In deta.ls, the investigationat the beginning of the past decade was also much morecircumscribed, viz., the aggregate capital and the average numberof hands employed during the census year not being subdividedaa under the current inquiry. The present tables show : 1st,capital, excluding the value of hired property, under the subheadsot land, buildings, machinery, tools, and implement*, nndlive assets; 2d, miscellaneous expenses; 3d, average number ofemployes and total wages, the employes being subdivided intoclasses ot officers, firm members and clerks; operatives, skilledaud unskilled, and pieceworkers, the males, females and childrenof each class being shown separately; 4th, cost ot materialsused; 5th, value of products.No previous census inquiry has embraced the cost incurred inmanufacturing operations other than wages and materials used.With the exception ot a few special inquiries, the question usedat the census of 1880 concerning capital was as follows : " Capital(real and personal) iuvested in the busim-HS." The inquiryat the eleventh census was more in detail and intended toinclude all the property or assets strictly pertaining to a manufacturingbusiness.The question respecting employes and wages used at thetenth census generally called only for the "greatest number othands employed at any one time during the year," also " theaverage number of hands employed," without designating thedifferent classes; while the question used at the eleventh censuscalled for the average number of employes to bo reported byclasses of officers, firm members, clerks, operatives, skilled andunskilled, and pieceworkers.The cost of materials used is the reported cost ut the place ofconsumption. The value of products ia the reported value at

UNITED STATES CENSUS, 1890.the factory of the total product for the year, not including anyallowance for commissions or expenses of selling. The diflercncebetween the apparent coat and the value of manufacturedproduct aa presented cannot be taken as a correct indication ofmanufacturers' net profits, because many items of expense enterinto the mercantile portiou of the business, which branch is notwithin the scope of the census inquiry.The products of one industry frequently become the materialsfor another, the repetition being continued through several processesof manufacture, thus constantly adding to the total valueof products by the duplication and inclusiou of the cost of theoriginal materials. This duplication is unavoidable, and isstatistically correct; but the reported aggregate value of productscannot be considered as a correct indication of the contributionto the wealth of the country by manufacturing processes. Thetotal value of products reported tor the United States in 1890was $9,370,107,624; but the contribution to the wealth of thecountry is more nearly shown by deducting from this amount$5,158,868,353, the cost of materials used, leaving $4,211,239,271as the increased value of the raw materials.*The introduction to Extra Census Bulletin, No. 67, from whichthe foregoing remarks are largely taken, further observes that itwas found impracticable to make a complete canvass of the entireUnited States for the collection of statistics pertaining to thegeneration of electricity for lighting and power purposes; thedata concerning this industry were, therefore, confined to theState of New York, the city of St. Louie, Mo,, and the Districtof Columbia. A large number of reports was received fromdentists, which purported to represent only the mechanical work;but it was evident that in many cases operative dentistry hadbeen included. This fact, combined with the strenuous objectionon the part of the profession to give any information whatever ofthe character required by the census schedule, caused the furtherdiscontinuance of the effort to obtain reports for the mechanicalbranch of the profession.The individual returns were classified by the Census office accordingto the product of chief value; but some differences, which* From Extra Census Bulletin, No. 67.

STATISTICS OF LABOK AND [NDUSTIUES.will appear upon comparison of thene dutn with correspondingclasses reported at the CCIISUH of 18S0, are duo to chanson in theclassification. Great care was exercised in UHfli^nin^ (he individualreports to the different CIUBHCB, and eopioufl cronn referencesare made in the cawo of those general claflnefl in which Home ol theproducts are common. When different hranchen ol the Hiime industryfollow immediately in alphabetical order, tlieno cross referenceshave been omitted. When two or more plantH owned bythe same corporation, firm or individual are located in the samecounty or city, and isugugud in the aame industry, they are tabulatedand counted a,H one establishment.Owing to changes in the form of inquiry and the inclusion atthe eleventh census of certain industries omiltod at the census of1880, as stated above, the data reported at the two census periodscannot be considered as an exact indication of the growth ofmanufacturing and mechanical industries during the decade*Differences in classification may also account for the apparentincrease or decrease in specified industries, ua compared with1880. These qualifications should be taken into consideration inreading the following comparative suimnaricH for the wholecountry, as computed by the U. S. Census oilice, and for NewJersey. Without this caution some very erroneous conclusionewill be arrived at.The following comparative nummary HIJOWH the totals lor theUnited States in all classes ot tuauiittivtnvm UH reported lor thetwo census periods:ITKMN. 1WN). \HHiKNumber of establishments reporting:ifi. r vi

UNITED STATES CENSUS, 1890.The true increase for the decade, however, in the opinion ofthe Census office, is more nearly shown by the following comparativetable, in which the statistics for 1890 do not include thedata for the omitted industries in 1880 referred to above, withthe exception of petroleum refining and the elimination of certaindata duplicated under the head of u mixed textiles" :ITEMS—UNITED STATES.Number of establishments reporting....CapitalMiscellaneous expensesAverage number of employes (aggre)rwages te)......*..Officers, firm members and clerks—Average number...Total wagesAll other employes—Average number... ..................Total wagesCost of materials usedValue of products.1890.322,624$6,138,716,604$015,056,6434,476,094$2,171,356,919426,139$372,005,0014,049,955$1,799,351,918$5,018,277,603$9,0.54,435,3371880.*253,502$2,780,766,895t2,700,732$939,462,252ti tP27.27120.7665.74131.13$3,395,925,123 47.77vaiueoi products. $*#,uos,3/ jpij,oiv,iwi/tuo $5,349,191,458 69.27 u».*i• The difference between the totals stated in the table and those published in the reports of the tent] thcensus is caused by the elimination of data duplicated under the head of "mixed textiles," such dati tahaving been included in the totals for the different branches of the textile industry, also by the inclusioi lionof petroleum refining.f This item was not reported at the census of 1880.I Not reported separately at the census of x88o.The comparative summary of the absolute totals for NewJersey, as given in the census reports for 1890 (preliminary) and1880, which, for the reasons already stated, do not accuratelyindicate our industrial progress, makes the following showing:

STATISTICS OF LABOR AND INDUSTRIES.ITKMS—NEW ,!KR8KY. 1800. 1880,Number of establishments reportingCapitalAverage number of employes (aggregate)...Males above 16Females above 15Children....Total wagesOfficers, firm members and clerks-Average numberMales above 10Females above 15Total wagesAll other employee—Average number•Total wages *...Males above 16—average numberTotal wages .„..,•,»,.,Females above 15—average number,,Total wagesChildren—average numberTotal wagesCost of material usedValue of products$240,81)0,078\Htl t MV2*l3/>770811 HI ,007$72,187,108:w,mr>$705,585$35:1.1807177,128H(i,78727,09912,1521105,285,779$2fi4:W3*AH these data are exclusive of « large foluicco factory, which employed un Hvcrragr number ofupwards of a,ooo, including 1,474 femalca, and oruittect from ihr 1 en»us rotum*, iBy.»,f Omitted items not reported separately at the census of 1H80,So far as can be judged from the data available', there werenot lees than ten classified industries reported in 1890, whichwere not included in the 1880 returns for New Jomoy, aggregating631 establishments, with a capital of #25,^54,000; employee,10,625; wages paid, $5,673,400, and a product of $:U,508,000.Making allowance, as far as practicable, for this onuHnion in the1880 census, it would appear that the per cent, incrouflo duringthe decade was as follows: In number of OBtahliBhniontB, 21 percent.; capital, 113 per cent.; product, 80 per cent. ; employes,40 percent; wages paid, 95 per cent. TheHo niton of increasefall short of those estimated by the Census oflice lor the UnitedStates, as above. Under the circumstances, however, suchcalculations are very liable to erroneoun results.Below will be found, under Summary of Statistic of Manufactures,a list of the 26 leading classified imluBtrioa of NewJersey, based on the total output of products, exceeding $4,000,000per industry during the census year 1890, and showing the num-

UNITED STATES CENSUS, 1890. 9ber of establishments, value of products, aggregate capital, numberof employes and wages paid. Side by side, the aggregatesfor these industries for the whole country are reproduced fromExtra Census Bulletin 07. These industries in rank, accordingto value of products, for this State, are:1. Silk and silk goods.2. Foundry and machine shop products.3. Petroleum refining.4. Carpentry.5. Slaughtering, wholesale, exclusive of meat packing.*6. Liquors, malt.7. Hats and caps.8. Iron and steel.9. Chemicals.!10. Masonry, brick and stone.11. Boots and shoes, factory products.j:12. Dyeing and finishing textiles.13. Cars, general shop construction and repairs by steam railroad companies.14. Flouring and grist mill products.15. Cotton goods. ||16. Woolen goods.\17. Bread and other bakery products.18. Leather, patent and enameled.19. Slaughtering and meat packing, wholesale.20. Tobacco, chewing, smoking and snuff.21. Glass.22. Clay and pottery products.if23. Lumber, planing-mill products.24. Jewelry.25. Fertilizers.26. Sewing machines and attachments.27. Plumbing and gas fitting.Bearing in mind the caution already given, that too much reliancecannot be placed on the comparative totals of any industry,as returned at the 1880 and 1890 censuses, owing to change inclassification and form of inquiry, the following comparativesummary of data for these two periods for the industries, 16,which, as reported in 1890, severally turned out products valuedat $5,000,000, or over, is given for New Jersey :* H meat packing were included, HR in 1880, the rank would be fourth.t If the kindred branches of fertilizers, paints, &c, were included, the rank would be fifth.I Inclusive of custom work, &c, ranks tenth.j| Inclusive of hosiery and knit goods, ranks twelfth.ft Inclusive of worsted goods, ranks tenth,fl Inclusive of brick and tile, ranks tenth.

ISDCSTBY.NO. OF ESTABL1SBMEXTS.VALUE OFPRODUCT(000 omitted)AGGREGATECAPITAL(000 omitted).AVERAGE NUMBER;OF EMPL/-YE& j(aggregate). ITOTAL WAtrES(00 omitted).Silk and silk goods 132 106 $30,760 $17,122 $16,810Foundry and macbine shop product 249 188 21M7 11.283 19,0S5Carpentry „ 598 319 14,752 3.99b 4,454Slaughtering and meat packicg, wholesale * 50 31 17,814 20,720 1,826Ltquora, malt- 34 49 10,108 4 553 10,185Hats and csps- S7 79 8,534 6.15*2 2.65«Iron and steel 22 40 8,13v* 10,342 9.025Maaoarr, brick acd stone.-. 235 69 7.402 S54 2.046Boots aid shoee ^.- ............ ->S3 39s S.05- 5.263 3.281Dreisg and finis&ing textiles 41 1* 6.183 3 3#> 5,197Fioaring and grist-mill products. 228 481 5.92S 8,460 2S1*>Cotton goods- .... H 24 5903 o,040 13520Woolen good* 21 27. 5,652 4,984 3.SUB d and bakery products 453 3V 5,546 2.7$> 2 (&), ".. 34 2' 5.2!^ 2,^10 3.745and ponerj pFodoete: *V» 4^ 5.16*5 2.5^ 5.47S16 95i7.43175)•1.7753.2*511.3449.099225l,15o1,4733 8793 9612 52u73S2.7282.05735i7.9i;1 o,4327.0457461.3956,6884.0-V33 8986.2513,8647075,6834.22S2,1355>4 ! >4f>2s' return* are""*12,5498,2052,6565S21.12i.5,5674,7927163,7572.19%*9364.83*;3.57^^"$71,76179,57753,17*36.25814,08935,68221,62331.04028.74220 576336120 54314.81312.6472S tf2725,^7oc !i!lJ77* 34 32512 °773 7434,93721.13618 0842,82114 2279.25*32*S5613.1009.9'U3S4S13.00011.015^ lao */io

UNITED STATES CENSUS, 1890. 11It is a question, however, what constitutes a leading industry—whether its rank, as such, should be gauged by the value of goodsturned out, the capital invested, the amount of wages paid or thenumber of wage-earners engaged therein. Much less can it bedecided, oft-hand, by means of such census data, which is themost beneficial industry to the community. How differently anindustry may rank when measured by any one of the three itemsmentioned, is apparent from the following summary, based onthe total amount ot wages paid in 26 New Jersey industries,where such amount exceeded one million dollars in any one iudustryduring the 1890 census year:RANK A8 TONPKCIFIKI) INDl'STKISS.IIFoundry and machine shop productsSilk and silk goodsjCarpentry .,,..* iHats and caps•Masonry, brick and stone .,,ICars, general shop, construction and repairsby steam railroad companiesGlassClay and pottery productsBoots and shoes, factory productsIron and steel ,Sewing machines and attachmentsDyeing and finishing textilesCotton goods..., ,Clothing, men's*Petroleum refiningBrick and tilePlumbing and gas fittingPainting and paper hangingWoolen goodsJewelryLiquors, maltPrinting and publishing, newspaper, book,job ,Bread and other bakery products28 22 18179 23 22Chemicals' 24 25Lumber, planing-mill products ' 23 25 26Leather, patent and enameled18 26 27"52 1 ! 21 2 14 3 37 4 410 5 1513 r> 821 7 522 K 10n« 9|10 1326 11 142612l 12 1615! 13 (>•....! 14 Hi3 15| 2029 16 927! 17, 2130| 18| 2316! 191 1204! 201 2416 21 32* This includes both custom work ami factory product, separated in census returns$919,693 nnd $»»05i,QX4, respectively ; employes, 1,714 and 3/164, respectively.$7,957,700.7,170,1005 317,6003,568,2003,104,9002,877,5Oo!2,862,7002,590,700:2,488,900]2,162,300"2,124,4002,057,6002,054,3001,970,700'1,618,5001,529 5001,507,6001,483,8001,481,3001,417,4001,408,9001,408,4001,264,7001,184,8001,180,3001*166,20013,43217,9177,0456,6883,8985,2335,8404,6285,4554,0563.9473,8645,6834.3702,7034,7982,2422,0314,2282,0061,3952.9722,1351,8841,8271,789Wages paid,

12 STATISTICS OF LABOR AND INDUSTRIES.In only 23 of the 197* enumerated industries in the detailedtables of manufactures below was the average number of omployesduring the census year 2,000 or over. Of these fruitand vegetable canning and tobacco, chewing, smoking and snuti,have no place in the preceding summary, although their mnk,respectively, in number of employes, was 17 and 11); probablythis is due to the large proportion of female employ OH, a likocause apparently having similar eflbcts in other industries.Inclusive of the data from a large tobacco establishment,omitted from the census tabulations below, the average numberof female employes over 15 yearn of agti in the Now Jerseymanufacturing industries aggregated, during the 181)0 censusyear, 39,370, with an aggregate of $10,01)9,000 paid in wages.This means 20.7 per cent, of the total employee, mon women andchildren, and 10.5 per cent, oi the wages paid to the name,$96,510,000. Only a small proportion of the female employesbelongs to the class designated "officers, firm members andclerks" in the census schedules, less than 1,000, the balancebeing operatives, time and piece workers, in the ratio of 02 to38 per cent By far the largest absolute number of females isemployed in the silk and silk goods establishments, 8,834, orabout 23 per cent, of this whole class. This industry, however,does not have the largest relative proportion of adult female tomale employes. In this respect it ranks only 14th in the list of18 industries summarized below. This list embraces all thoenumerated industries in which an average number of 400 ormore females was engaged during the census year. It does notinclude the rubber boot and shoe and the linen thread industries,which have been classed under " all other industries** in thedetailed cerieun table, owing to the limited number of cmtiihltHhmentacomprising them. In 1880 these two industries employedan average number of 438 and 730 females respectively.•There was nlso a number of industries, comprising iO

UNITED STATES CENSUS, 1800. 13AVKHAUK NUUllKt OF VKMALK KM1M.O Y K8OVER 15YEARSSl'RCU'lKU INOUaTRlKS.N *s*a « ata11MK OI'KRATIVK.H) AND I'IKCK WOBKKU8s •I- ^S i o .,£^ Total Time. Pieco.Total, ail industries8ilk and Bilk goodnCotton goods , ,Canning and preserving, fruita andvegetable* «. „,,»...,Woolen goodsBoots and shoes, factoryHats and capsClothing, men's, factoryTobacco, smoking, chewing and unuflShirt*CorsetsClay and pottery productsHoniery and knit goodsClothing, dreHHmakingClothing, woman's, factoryBoxes, fancy and paper..Juto and jute voodsMillinery, ountom189,547*17,9175,6833,6654,2286,4550,0882,(1042,045I /»244,0281,2771,1270089ft41)04836554081 88,389*01, 8,77371 8,391if4• Ili312.i2,1892,0501,7201,0 71,0191,4741,1411,09070U7 0()725574531601472429* Int'hiding a tobacco establishment omitted front census returns.| Vox 36,915 employes.23,0225,9012,95466*1,963740267925878117579249717mi50313f>41742713,8932,812•1371,627879801,360694763979220511]!>

14STATISTICS OF LABOR AND INDUSTIUKS.Compared with the data returned for 18H0, the number ofemployes, men, women and children, makes the followingshowing :15.oOS00av"e5?!>£CDapo>lildiD1880..1890..H(\,7H7144,H«427,099:wf:i7o12,1525,313Total increase or decrease.Per cent ,| 58,057j (17i 12,271i 4(1-(5,839—57This relative decrease in the number of female workers andgratifiying absolute decrease in child labor are Htron^ evidence ofthe efficiency of our later factory legislation—that, in, tho enactmentof 1888 And subsequent supplements, which restricted theemployment of children in this State.Of this number of children, 5,818, but little more than one-half,or 2,678, were employed in the industrial entablinhmontH of theseven leading cities, which contained 20,000 and over o! population,namely, Newark, Jersey City, Paterson, Camden, Trenton,Hoboken and Elizabeth. These cities took in, however, twothirdsof the establishments reported for the State, an wull as ofthe total output and of employes, male and female :TOTAI, WADKH.i 0a!Number of e*(direct(KdATKN.NewarkCITIES.Jersey City ,„Elisabeth ...,Hoboken,2,400600720885fl&8is1ita!l|A2,AA2,7A227 003 MO18,106.00419,278,04115 244,6007.78A.5633,948,782aat948 < H4824 ''ft'212,8«014,08410IM120,A613,847k"3f2('i 857 170ll.A78.0H27,808,2707,UrtM1H < .MK ftf,7 f,u|)'1,727,U722,204,2301s |1 *410,8,12 1,718ll.HIO 2,8218,042 2 107fi,848 !\M'J.HlN 4A1d4.'1nViX©Va>741 |H:I,47O,«A2an*l\m17746;»7,in on«2SA.02H.223lo,48l> ;\M7.iM,aoi

UNITED STATES CENSUS, 1890. 15The statistics of New Jersey agriculture as returned at theeleventh IT. S. census, so far as available, are also given below indetail. These are the usual data of farm acreage and farmvalues in 1890, as well as of farm products in 1889. The tableof " miscellaneous crops for 1889 " is particularly of interest, notfor results shown, but the contrary, apparently indicating thefailure of the State bounty legislation of 1880 so far as itspresent fruits are concerned. In that year the Legislature ofNew Jersey authorized the payment of bounties for flax strawgrown in this State and for flax fibre produced therefrom; alsofor sugar sorghum-cane raised here and for sugar manufacturedtherefrom. Under this legislation there were paid from theState Treasury $5,000 for 1,445,250 pounds of flax straw, grownmostly in Hunterdon county, and the same amount for 142,858pounds of cleaned fibre, up to the end of the year 1882; and tothe end of 1885, for 31,128.97 tons of sorghum cane, raisedmostly in Cape May county, $31,128.97, and for 1,259,535 poundsof sugar manufactured at the then existing Rio Grande SugarWorks, $12,594.85; that is, the total expended in behalf of promotingthe cultivation of fibrous plants was $10,000, and toencourage the production of sugar, $43,723.82.The 1890 census returns, as per tables of miscellaneous crops,show only 2 acres of flax planted, producing 8 bushels of Reed,of 6 acres devoted to sorghum, producing 281 gallons of molasses,and the production of 210 pounds of maple sugar and 134gallonH of maple molasses. In 1879 there were reported to the1880 census: flax seed, 5,283 bushels; straw, 6,108 tons, andfibre, 40,710 pounds. In that year there were also produced1,261 gallons of sorghum molasses, and 2,496 pounds of maplesugar and 334 gallons of maple molasses.ftThe total estimated value of farm productions decreased duringthe decade from .$29,650,756 to. $28,997,349, or $653,407—less than 3 per cent. The fall in these values was more noticeablein some counties than in others, while in a few there wasactually an increase, to a greater or less extent, notably in Gloucester,Burlington, Sussex and Mercer, which are largely agricultural.Apparently this increase, as well as the prevention ofa more marked decrease elsewhere, was due to the gain in livestock and its productions, especially of milch cows and milk.

STATISTICS OF LABOR AND INDUSTRIES.As will be seen from the summaries below, giving the totals iorthe State as well as for the twelve counties which are largelyagricultural, the acreage of the principal cereal productionsdecreased from 773,375 to 601,357 :1879 \HH\).Barley ... I 240 47BuckwLeat 35,373 13.520Indian corn 344 55fi 207,048Oats 137,422 121,327Rye 100 025 77,245Wheat 149,760 121.570Totals for the State.., 773 375' 001.357The comparative totals, for the 1890 and 1880 censuses, ofvalues of farm productions and live stock, as well as of thecereal acreage referred to, make the following showing for theState at large and the twelve most important agriculturalcounties:VAI.IIK OF FARM IMtOIHJ(TIN.H.TOTAL VALUIC. IA\'K HTOCK .1890.1880. 1890. 1880,1889, 1879.The StateBurlingtonGloucesterHunterdonSftlemSomersetSussexWarrenCumberlandMercerMiddlesexMonmouthMorris#28,997,34*; $29,050,750 $15,811,430 $14,801,4123,618,380 3,593,297 1,831,200 1,592,913237,550 1,955,159 850,890 727,78023 2,048,558 1,595,510 1,571,2031,574,840 1,802,814 1,042,500, 892,819;1,577,750 1,070,871 1,050,240 945,442|1,745,830 1,674,239 1,171,300 1,052,2931,300,920 1,563,120 997,940 907,0001,120,170 1,188,401 024,830 497,0971,718,110 1,023,081 935,030 873,2751,414,640 1,480,147 723,590 791.3552,792,500 2,814,198 1,421,780 1,421,4341,454,840 1,859,403 1,009,090 1)89.002•Barley, buckwheat, Indian corn, outs, rye and wh«K»t.001,357! 773,375f>9,481 07,50845.570J50,155!34, KMrwt,2(>2 (24,794j45,0f>i;32,5 4«|49,480;34.180',50,95308,00452,05570,32332,44752,57743,39301,08247/JO1AB will be noticed, there was a general decrease in coroal iwroage,and, with the exception of Middlesex, an incrcano in the

UNITED STATES CENSUS, 1890. 17value of live stock in the enumerated counties. In all but twoof these counties, the number ot milch cows was augmented, theincrease for the State reaching 9,498. The amount of milk produced,apparently, more than quadrupled during the decade, theincrease being 48,631,170 gallons, and was general; but this tosome extent is due to difference in forms of inquiry for the twocensus periods: in 1880 the returns gave the quantity of railksold off the farms; in 1890 the entire quantity of milk: producedon the farma was stated. On the other hand,the product of the pounds of butter and cheese made onthe farms fell oft considerably. All this points to the conclusionthat our farmers arc becoming more largely interested in theproduction of milk for public consumption, either directly in theurban localities, or as raw material in the butter, cheese and condensedmilk factories. The number of these factories in NewJersey increased from 8 in 1880 to 16 in 1890; the value of theraw material used, from $78,705 to $120,223, and of product,from $108,243 to $146,394, respectively.* Of course, the consumptionof milk produced in New Jersey waa not confined tothis State. The following comparative data for 1890 and 1880will show for the enumerated couuties, and for Essex, which is thesecond urbau county in the State, the number of milch cows, thepounds of butter and cheeae produced on the farms, and the gal-IOUB of milk produced or sold during the respective periods:N U Mil Kit OK Mll.ril l3,l'20,U8'.'.'.'.'. lft',7'2'2l,;nM,42!l 1.171,181.4.^6,475l55 l,05H;lo,f)47 51,220 3,.'-'120,90-J 2U7,9H5, 404,0ft!)rwl.XU,o.')7'.11,204 IK.1MKI 1O.7U7.4H.J110,050l.lHM.Nft0);i,'l23'0(»7,.'ili2r>i)0,K>81,11)0,571I) 10,1 I2i !l,f»H8 1,002,2:55hi-iAnd r»,ww); r>,i:$!) i,H'.)n,oo72S2,040r \),N&[ 1,\\MS :\w*,m\\Moumouth .MorrlH ,,^...tfnnox1/2111 iii'.iijo .|':wm!ir,n•l,o:M' 4.28H 2,ol4,'M7*Scc tnblc ol " Slatistics of ManulucliiiTS,** below.1.1HJ.WJ1,131,1! (ftl 723,013'448081,20060,61821,nn44,9821T..H756008801,274

18 SlATISTfCS OF IJAHOK ANDThese data hardly would bo indicative of the depn'ttnion inagriculture, of which so much haa been heard during (he pantfew years, if it were not for the additional statistic* tabulatedbelow, a summary of which is here appended, showing the remarkablefall of $31,632,993 in the value of farm landu and improvements(fences and building) Binue 1880; of a. di'ereane of97,180 acres in improved land, and of 3,479 in the number offarms. Iii 1890 there were also 3,427 IOHH farms cultivated byowners than ten years before. The average size of the farm hasincreased from 85 to 86 acres, although that apparently 1H of nomoment, as the number of farms of 500 acres and over decreased"from 207 in 1880 to 127 in 1890. The decrease in the numberof farms and in the contained acreage oi improved land is ofconsiderable significance, however, and indicates the disputedcorrectness of the conclusions of the Bureau investigation in 1H90of the abandoned farm movement in this State—that, in, abandonmentfor cultivation, the estimated acreage at that date thusabandoned being between 19,000 and 20,000.The comparative summarized data above returned to am hereadded for the whole State and the twelve principal agriculturalcounties. See page 19. These are followed by the followingtables of U. 8, Census statistics, 1890, in the order named ;TABLE 1.—Statistics of manufactures, totals fur the United KtntuM, by Slatesand Territories.TAHLK 2.—Statistics of the loading New Jerney mtiitiifiidtiriiiK industries,aggregates for the State and United States.TAHLIE 3.—Statistics of New Jersey inanufactureH, detailH, by Hproifiwd indiiHtries.TAHLK 4.—Statistics of a^ricuittirw: Number of farmti, farm ucnuiw«\values and tofcal value of farm prK b.—Oamihwiionof (aims hy HC'«HK« and Uuiure,TABMC 6.Livestock and livestock produdu on UirwH.7.—Miflrellftiieouscropsof farmn in \HH\K8.—Cereal production in I8M; Harley, buckwheat, Indiitrt corn, cmtii,rye and wheat.

• -SUMMARY OF FARM OWNERSHIP, ACREAGE AND VALUE.SUMBEE OFFARUBI iirMBKB OF FARMSCULTIVATED bCWS5EBS-YAtUE OF FA EMS,INOLirDlXG LAND,FEKCtS, BTHLDIKGS.wECo1

20 STATISTICS OF L.MJOK AND INIM:STKIKS,TABLE 1.—STATISTICS OF MANUPAOTURES.-THESTATES, BY STATES AND TERRITORIES—U- S CENSUS, 1890.UNITEDSTATICS ANDTERRITORIESTmul.htnulI United St " 856101 I6.524,47&,SO5 18,2:8,701,4962 Alabama 2H7718 Alask* Mi4 j Arizona 7616 'Arkansas 530786 California 79:1846,192,671 !106,7271:616,629,114,971,614,146,797,102 |7 Colorado 1518 U6.66l.840 'CnnnAQtlout H832' 247,OU4,4H0 :Delaware 1o«8| aii.H96.40011Dlst. ot ColumbiaFlorida2296806]j Georgia 428ft,18 Idaho )4" !H Illinois,,, ........ 2048215 Indiana ,.. 1336418 'Indl&u Territory,,.,.. 20117 ! low* • 744018 Kansas 447119 Kentucky 774620 i Louisiana 261821 jMalne ADIl)22 M«ryl»n«l «l23 ; M usrfach UB.HU UH92824 Michigan 1312726 Mum«8otu 76062$ JMinsffslppi J.H1H27 Missouri. W4f>3H Montana28W2

UNITED STATES CENSUS, 18IK). 21TABLE 1 —STATISTICS OP MANUFACTURES.-THE UNITEDSTATES, BY STATES AND TERRITORIES—U. S. CENSUS, 1890—Continued.AVERAGE NUMBER OF EMPLOYES ANDTOTAL VPAUES.H, firm mem hers and clerk*.STATES ANDTERRITORIES.Males above16 year*. 16 years.Averagenumber.Totalwaged.Wages. | m Wage*.1 United State* i $630,944.068 • 4,711,812 2.282,823,266AlabauiHAlaakuArizonaArkutiHUHCalifornia "Colorado(lonnootloutI)nltiwar»nut. «>r ColumbiaFlorida12 ' Uflorgia1H Idaho14 Illinois..,16 Indiana16 | Indian Territory..,797,fc5,2521,08ft. H>712,984,191l,i»4R,t'26 i 115H99.KH I1,851.676 Il,681U»«9i1,181,067 i4.019.6H96i\5H679.6lfi.liHIB,61M».JM.811,690Iowa ! 6,782.206 IKannau, i 5,868.466 {Kentucky I 16.879,728Louisiana ' 8,760,768Maine5,894,694 •MarylandU).6l«.R47;MaMacl niansaeuiiBiHiH i 6.*,()8H,782 IMichigan lhI 18.848.H8l H12,186.612 .847,647 ! |NwvadaN«w HampshireNHW MnxicnNMW YorkNorth Carolina..North NaioVa....OhioOklahomaI'onutiylviinta..Kliodr Inland..South OarnUnartoiith Dakota .T < M «TttXAHUtahVermontVirginiaWashingtonWHII Virginia...WliooimlnWyoming22,86(1,488-I296.684 I76.6H8122.0413.2198.82W.101' 2lii»7O74!85J8]8«ia4,1S6',271 '2.188.826 '7.4JI.0872,180,657lH|«na*76494.078H65-38'15.972!8.J.642)17,067149,989,2Y.4O418,927*12,fi7H.i2922.178a6l27fi.74H.H8851.63H.78ll9,"913*714,622.264 i66.8«8. 17,8I2.1»6774 :«4.2na.'U3.im 17l,b2

22STATISTICS OF LABOK AND INDUSTRIES.TABLE 1.—STATISTICS OP MAM UP AOTURBS.—THE UNITEDSTATES, BY STATES AND TERRITORIES—U. S. CENSUS, 1890—Continued.AVERAGE NUMBER OF EMPLOYES AND TOTAL WAGI'S-Oontlnutd.Operatives, skilled and unskilledSTATES ANDTERRITORIES.Malt* ftbo?«16 ytars.AlabamaAlaska.Art ion aArkansasCaliforniaColoradoConnBCtioutDel*Dlit. ot OoiumblaFlorid*OenrgiaIdahoIlliauliIndianaIndian Territory9881,489.1,486,817,65840,9081614918,796mm90,1809 10617,48441183.76JI998,8 ,4961499,496784Irt.4lH.HHontoOklahoma.OregonPentiijlvantn.Carolinaonth DakotaTennenwTaxatUtah.7,189(60A19,199,410,807,18i»! 176,7816,670! I,4l6!4()867 10,166

UNITED STATES CENSUS, 1890. 23TABLE 1—STATISTICS OP MANUFAOTURES.-THE UNITEDSTATES, BY STATES AND TERRITORIES—U. S. CENSUS, 1890-Continued,AVERAGE NUMBER OF EMPLOYE8AND TOTAL WAGEB-Continued.STATES ANDTERRITORIES.PI eoeirorkorf -Coo tf nued.United 8t»tei 896.847ColoradoConnecticutDelawareDi»t. of ColumbiaFlorida.28,482,88180,198868,81412,85)7,211 I130,341,035'30,848,616,ltf8,11,161,76917,194,6tf68,091,86484887,671,84889,881,48718,328,890MarylandMamaohuietti.MiohlganMinneiota,MtulMtppiMiuourlMontanaNebratkNtvr J«ri«yN«w MexicoNf w YorkNorth CarolinaNorth Dakota.OhioUklahomOregon..Fenmylvania.Rhode Iiland1,786,63614,136,87693406?278,61464.U6818,63149188677010,96077,47549,1678W, 11687 6836,949S814479,199,407788461670168868188.S89.7S461680,689190,414154,631,91811848194110064 897177,107,8869,876,09867:884,68847,764,16310,219,806126719,86767,800,71866689600338,897,688S871,964 086 I 1,711,577,07193.780187 40 876.460Rottth Carol!nSouth Dakota...TenTezaaUtahVermont.Virginia,Washington.Wilt VirginiaWiioomin....Wyoming157,477658,8079,88068,919979,8101,9404,17068 >S 756,68916199

STATISTICS OF LABOR AND INDUSTRIES.toI5IEs3a-i|i{|q«1g» jo JtquunM,' I i ! i | | j1 ihi 1I 111i i f i ! ? i I;8MO 1QasI i isiiliifi i i ! I iljlJ|J{;|ii 1} }J|2! i4§«::.'tiff 9I

a—STATISTIOS OP MANUFAOTUKES—LBADING INDUSTRIES, U. S. CENSUS, 180O -Continued.AGGREGATES FOE NEW JERSEY.Continued.AGGREGATES FOB THE UNITED STATES.Continued.INDUSTRY.Gars, general shop construction and repairs by;steam railroad companies............ ^ ..Flouring and gri-t-mill products........^. .„Cotton goods......................»...........^............Hosiery and knit goods* .. I.".!Woolen goods.. .»......^..^^. ........„- ,Worsted goods* „«.«.. ^Bread and other bakery products.,..Leather, patent and *nameled,.,..~.......Tanned and curried* .. ..-Morocco*-..*...,............................Tobacco, chewing, smoking and snufff.Glass.............Catting, staining, ornamClay and pottery products..nting*....,Brick and tile*......... ....China decorating*......,.. „LtnaabeT, planing-mitl productsBoxes, wooden pacfring*^....,^.Wood, turned and carred*..«...Jewelry... .„„. w. „] Watch and jewelry repairing*Sewing machines and attachmentsPlumbing and gas-fittinc .. ~.....C c18228s21C45322314U10€0957101174218,0515,9285,9(31,0915,6522,0595,5*65,4302,7«*2,2575,2181805,1662^263769543904,7254,1774,093n^,7672,81613,5201,3523,8111^052,0963^5251,1851,3155,4785,09 J220323383,3042445,2381,641Its5,233'707 i5,6831,277;4,22819542,135!1,739]75763415,840854,fi'S4,7981901,«275503302,0061913,9472,242n$28,7753,36120,5433,42614,S132,84112,6471I.6C24,8223,46928,62750925,96715,295976,2,5662,07514.1741,18021,24415,076,II71618,4709057961,31114310,484321,596121294279707783,6706368727834,502595,327I s$129,462513,971525,59567,241153,57879,195128,4226,502138,28229,27941,0516,09022,05767,77184825,51310,91034,76110,70412,82380,90611$76,192208,474354,02150,608130 99068.08545,7584,10381,?6212,28440,9672,50426,12782,579500120,27113,0187,82622,^476,05716,04329,335108,58563,481!221,58561,£09!79,351!43.59352,7622,0873,8,23745,9873,794,20 296109,15146713,9228,43015,7618,6479,12143,513II$617,977270,357* Not included in above.f Owing to omission ia cense? tables of the largest establishment, employing in 1880 over 2,000 hand.*', the statistics as given in the deta led tablesbelow are inaccurate. In 1880, the product of this indusfan was Tatar d at $5,000,000.182,633284,789158,80213,530178,25645,996221,18524,964101,381326,9522,5454*9,70064,77142,269102,70455,16651,756287,626

26 STATISTICS OF LABOR AJSTD INDUSTRIES.TABLE 3.—STATISTICS OF MANUFACTURES—NEW JERSEY*SPECIFIED INDUSTRIES-U. S. CENSUS, 1890.MECHANICAL AND MANUFACTURINGINDUSTRIES.All industries • -•Agricultural Implement!Artificial feathers and flower* (see also millinery and laoegoods)Artists' materials ,Awnings, tents a»d $nl)*.,........Bags, paper...,Baskets, and rattan and willow wareBelting and hose, leatherBelting anU ho«e, rubberBlaeksmitblngand wheelwrightlng (see also carriages andwagons) ...».Bluing ..Bookbinding and blank-book making (gee al>o printing andpublishing).Boot an" and shoe 'findings..... *Boot and shoe uppers.,'Boots and shoes, custom-work and repairingBoot* and shoe*, factory prod nets.,..,Bottling (see also liquors malt, mineral And soda waters). _.Boxes, cigar.. , 6Boxes, fancy and paper (see *J»o fancy articles not elsewherespecified)Boxes, wooden packing (see also lumber, planing-mlllproducts).Brass and copper, rolledBrass castings and brass finishings (see also bronie oast*ings, plumbers* supplies) ,...,,,,,.«,,,Brass wareBrewd and other bakery productsBrick and tile (see also olay and pottery products)Bridges - -Brooms and brushes•••Buttons ,...Card-cutting and designingCarpentry I ($8Carpets and nigs, other than rag (sue also woolen goods) tfCarpets, raff..,*......... 07Carriage and wagon materials...... 19Carriages and sleds, children's 0Carriages and wagons, Including custom-work and repair-Ing (see also blaoksmithlng and wheelwrighting) 340Cars and general shop construction and repairs by steamrailroad companiesCheese, butter and condensed milk, factory productsChemicals (see also fertilizers, gun powder, high explosives,paints, varnish)China decorating (see also olay and pottery products)....Clay and pottery products (s«e also brick and tile, andchina decorating),.,.,,»»,..*..* ,.»„,.„,...,...,»Clothing, meu 1 i, custom-work and repairingClothing, men's, fantory product.Clothing, men's, buttonholes, factory productClothing, wow»n'»,drossi»*kin|f...r- —Clothing, woma»s\ factory proouotCoffee and spice roasting and grindingCoffins and burial oases, trimming and finishing,..Coffins, burial oases and undertakers' goodsConfectionery»»Cooperage ..Cork-cuttingCorsets,Cotton goods (see also hosiery and knit goods)Cutlery and edge tools (see also files, hardware, tools).,..Dentistry, mechanical ,Druggists' preparation*, not Including prescriptions (ioealso patent medicines and compounds, perfumery andcosmetic*}Dyeing and cleaning ,Dyeing and flashing tgxUItiSB17M088,8008tl,(H6W.iMi,eu,&?4445,10?4IHMR6,09079a40HW667 980• Preliminary a»d •mbjeot to change. Include all classes of mechanical and manufacturing Industries, asreported at ton eleventh U. 8. Otnsus, with exception of mining and quarrying. Lire assots tnalmtaf rawmaterials; s»ock in process and finished product* on hand, and own, bills, and accounts rtnelrahl* «*--••-

UNITED STATES CENSUS, 1890. 27TABLE 3.—STATISTICS OF MANUFACTURES-NEW JERSEYSPECIFIED INDUSTRIES-U. S. CENSUS, 1890-Continued.CAPITAL-flontlnued.AVERAGE NUMBER OF EMPLOYES AND TOTAL WAGES., firm membera and clerki.Machinery,toolmmitImplements.Malei above16 years.Females above16 year*.7,2008,17003,1608,480189U0turn18,612716018,9708616014,76687,11)0963,6641,6684.1P688,186212.HSH)976,88961,9U64.10ti13,688146148738,098643997,498t,688269.47080.A096,94771 13218,67978,768391,83ft14,6606,81768*MJT"467,998188,«761488186447,71091,896US8,94879,68184911,84047,666194,47'860,711W7U40,80749,81141,S4(976,680113,8097f0l698831a,064,98S944,97144,0442)87,929382161124,8649,6344,31636,040as:,71,10487 1)0338,70281,998p lnoludM rent for tenanojr 5 taxes (lneladlnt Internal revenue); lnwrance; repairs ordlnarbuUdlogi and mn i«ohin*rv: amount paid contractor*; interest paid on aash used In the buslneM, and all nun*not titewtftre reported,Spatted, Oort of i»«terial« uied Jnoludes tnol; re»t of power and be*t, and mill »uppli««.

84\n28 STATISTICS OF LABOR AND INDUSTRIES.TABLE 3 -STATISTICS OF MANUFACTURES-NEW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 180O—Continued.AVKRAOI5 NUMBER OF KMlT.OYKB ANDTOTAL WAOKB—ConttniHMl.MECHANICAL AND MANUFACTURINGINDUSTRIES.Operatives. Including skilled and unskilled.Males above16yearstoalnii above16 ynam.All industries.....Agricultural Implements -Artificial feathers and flowers (s«e also millinery and lacegoods)Artists 1 materialsAwnlngm, tents and nulls... ,Bags, paper ,Baskets and rattan and willow vrareBelting ami hums, leather ,Belting and huae, rubber ,Blacksmith! ng and wheelwrlghting (see also carriage! andwagons).Bluing.Bookbinding and blank-book making (see also printing andpublishing)Boot and shoe findingsBoot and shoe uppersBoots and shoen, custom-work and repairing ,Boott and *hoe», factory produutiBottling (see also liquors malt, mineral and soda waters)....Boxes, cigar ,Boxes, fancy and paper (see alao fancy articles not elsewherespecified)Boxes, wooden packing (see also lumber, planlng-mlll products)Bran and copper, rolledBrass castings and brass finishings (see also bronzn castiugsplumbers'supplies)Brass ware..Bread and oth«r bakery product* — —Brick and tile (s«e also clay and pottery products)BridgesBrooms and brushesButtons ,Card-cutting and designingCarpentryCarpets and rugs, other than rag (see also woolen goods)Carpets, ragCarriage and wagon materials , ,Carriages and sleds, children'*Carriage* and wagou*. including rutlng (see also clay and pottnry products)Clay and pottery products (ate also brick and tile, and chinadecorating) „Clothing, mon's, custon>work and repairingClothing, men'*, factory productClothing, men'*, buttonholes, factory product ......Clothing, women'n, dressmakingClothing, woman**', factory productCoffee and splc« roasting and grinding , ,Cofflm and burial cases, trimming and finishing ,Coffins,burial oases, and undertakers' goodsConfectioneryCooperageCorfc.rutting..Corsets ,Cotton good* (M* alto hosiery and knit good*)Cutlery and edge toots (nee also files, hardware, tools)Dantlstry, mechanicalDruggists' preparations, not including prescription* (se«also patent medicines and compounds, perfumery andcosmetics)........ 4 ,.Dyeing and cleaning ,.Dyeing and finishing textiles,..,100,3821-4»S486Wages.M.ttMn.fioa6677,67818il,006149,666H2H!)U8,5H!»H4,615,4401 KI.H7M11,09617H.4I81,61(1,361HIHH*»146,76111.8MNum-bnr-28,029 10,397,9791918878616iiI10I911717884788inWM19&|7606,1888.6406614,784.4•,'JWiiiOl.6196006,66888,1)641,3666,67068,I6D71811,1061,4114.0004104,966166IH.7M24,879181.00047,9611*144109)7841,800m',w'sin80811.4H494.900

UNITED STATES CENSUS, 1890. 29TABLE 3.—STATISTICS OF MANUFACTURES—NEW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 1890—Continued.AVERAGE NUMBER OP EMPLOYES AND TOTAL WAGES—Continued.Pieceworker!.Children.86181840119HWages.I7UU60440200Males above1(5 years.84,815180 .....'26 9819,887 18978,6911,6118,86014,74811,6186108866 86750 V8284! 8I,b8di16.898 13,604a082j"'8,74960711403850 f166060 46664,108 891,830 142Wages*6004,8005,184m4,1608,6141,800|1,10084,718919,58488,87056,1405,0006,49618,80839574194019*01!:!??M §S848,6646UJ,8721,669605^7403884904,160136,56637,96464,669Females above16 years.18.89H65Dtii1113301406948190Wages.Operntlven—Continued.Number.Number.Number.Number.(8,468,619' 6436,6001,800800*60|'87485,80836,7806,88317,86686,4762,6009985,00066,98481,108188,6801,600m40,800349,498116,188Children.Wages.1,1001605,92830098664d14,4003002261,813$188,959,801~ 88,41611,8664,166]40.790]18!H0863,68a1,127,799431,5226,38517,81517',623260,687,8,417,18038*,240.27,544B40.042,474.779514,469824l\7 824,l73,3(14,666510,664476,616316,16211,0467,169,2574H0.SU788,264329,ii7t)110,5961,084,5891,172,8916,036,040192,7161,866,884i!8i|486.9W68 88463888656,669167,002;«MM213717388,866,Is!$863,180,717300,28245.760ia4'O119,81)043,507952fi0 95,201,662,7091,587,16816,70098,96610,82449,800827,0827,a55.40»496,81169,482953.930624,840795,0066,646,9762,826,074765,022212,929696,60028,20014,762.1(27817,242105,689778,178190,8002,886,3876,051,179146,8948,146,795876,5725,165,5877*0,.SOB80tm>3862)0,0006310,81138,254 87,64671,721 308,8843,711,131' 6,188,897

30 STATISTICS OF LABOR AND INDUSTRIES.TABLE 3.—STATISTICS OP MANUFACTURES—NEW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 1890—Continued.MECHANICAL AND MANUFACTURINGINDUSTRIES.£g> Aggregate.I) u tiding*.Dye stuffs and extractsElectrical apparatus and suppliesElectroplatl ng >Engraving and din linkingEngraving, steel, including plate printing (see also llthographing and engraving)Fancy article* not elsewnere specified (see also boxes,fancy and paper)Fertilizers (see also chemicals)Files (see also cutlery and edge tools)Flouring and grist mill product*Food preparations (see also fish canning and preserving,flouring and grist mill products)Foundry and machine shop products (see also Iron work,architectural tur and a ornamental steam fittings and heatIng auparatus).........Fruits and vegetable!, canning and preservingFur goodi (see also hats and cap!, not Including wool hats;Furnishing goods, men's mens (see also shirts)Furniture, cabinetmaking cabinet-making, repairing and upholstery (seealso mattresses and spring beds) -Furniture, chairsFurniture, factory produatGas and lamp fixtures (see also lamps and reflectors)Gaft machines and meters ,Gas, manufactured, illuminating and heatingGas stovesGlassGlass-cutting, staining and ornamentingGlorei and mittens (see also hosiery and kult goods,woolen goods)Glue.................Gold and silver, leaf and foilGold and silver, reducing and refining (not from the ore).Grease and tallow (see also axle grease, soap and candlesHatrwork ,Hand-knit goods•Hardware (see also cutlery and edge tools, tools)....,Hardware, saddlery...Hat and cap materials .Hats and oaps, not Including wool hats (see also fur goods)High explosives (see also ammunition)Hosiery and knit goods (see also cotton goods, gloves andmlUnna, woolen goods)Ink, printingInstruments, professional and soiantlflaIron and steel forglngsIron and steel„,___Iron and steel nails and spikes, out and wrought, includingwire nailsIron work, architectural and ornamental (see also foundryand machine shop products) ,Ivory and bone work »JapanningJewelry (see also watoh, clock and Jewelry repairing)Jewelry and Instrument casesJut* and jute goodsKaolin and other earth grinding....i...Kindling woodLamps and reflectors (see also gas and lamp fixtures)Leather,dressed skinsLeather goods (see also pocketbooks)Leather, MoroccoLeather, patent and enameledLeather, tanned and curried ...Lime aud cementLlquon, distilled ,..„.Liquors, malt (see also bottling) ....«****..,.,Liquors, vinous (set also liquors distilled)i11818 | 88,100218 • '444,*846998 9,810)9911694084601 *67H,fi»7lHaftfi4ti>H(l77,818140,66019,084,080: 067,688199,97614,976109 699,951( 18,160U 819,0*48 90.8004 199.480Btf i 4,810,011H 81,07684 ! 8,744,80410 1 81,184fa70HIf)89684148 616J99J8907488984198188•1199.09090i48H114,050167,0(10.89,6464,906790,7481,806,4 IH90O,MO9.06JJ.7O71,044,0881.BM.14806,000199,8144919140.OS»;O401,681,810806,719101,000197008,80801616 7791,800,898176,88980,897179,461980 846186,8601,811,0008,694,69014,70010,184 64099 076

UNITED STATES CENSUS, 1890. 31TABLE 3.—STATISTICS OP MANUFACTURES-NEW JERSEYSPECIFIED INDUSTRIES-U. S. CENSUS, 1890—Oontinued.CAPITAL-Continued.AVERAGE NUMBER OF EMPLOYES AND TOTAL WAGES.Plant—Continued.Machinery,tools andimplement!.$43,00081,7627,70016,026487,264162,524660,540!38,785!Live assets.1831,697905618,88510,78028,2662,380,618176,9991,081,47684,740*8l,frM58,179a ,3811,6271,95010,014186,48512,920147,0206,827Averagenumber.Aggregates.141488'2201088470707101Totalwages.20,6*031,98127,66886,148691,208285,972836,07641,831rm members and clerks.MaleH above Females above16 years. i 15 years.Wages.5,664,145181,2793,0501,800j80,705(1800MJ.30081,42086000m16408,000163.457817,42994,41586,766 i4?iW504,077Hi), HOI I118,000mi4o700,ooo!118,45036,0007.90

32 STATISTICS OF LABOR AND INIMJKTUIFN.TABLE 3,—STATISTICS OP MANUFACTURES -NEW JERSEYSPECIFIED INDUSTRIES—U. 8 CENSUS, 1890-Continued.AVKRAdK NUMRKIt OK KM | ( I,YKH ANDTOT A I, WAIIKH ConIIHum!.MECHANICAL AND MANUFACTURINGINDUSTRIES.Operatives, Including nkilliMl nnd lMales aboveiff years.Females above16 yearsDyw stuffs and extraotsEleotrlcal apparatus and supplies »Electroplating*••Engraving uiui (lit) Kinking., - • -Engraving, ateH, Including plain printing (see alio lithographingand tjngravlug)•Fancy arttoiHM not «i»«*rhere specified (««« aito boxen, (tinafand papur) • »••Fertili*erB(Hen»l«ooH*»iioiiJi)Flies (see aiso cutitiry and edge tools)Flouring and grist mill products. .... • ...,'Food preparation* (see alio flsh canning and preserving, flouringand griit mill produoti)•Foundry and machine shop product* (see also iron work,architectural and ornamental it««m flUingf ami beaM&gapparatus)•••Frulu and vegetable!, canning and preservingu..Fur goods (see alio hati and caps, not Including wool hats)....Furnishing good*, m«a'i {««« utao «blrti>Furniture, uabinot-maktng. repairing aud uphulttory (•«• aimmattreitKi and uprlDg beds)Furniture, chain ,.*Ftirntiure, Uetorf productGa« and lamp fixtures (•««al»o lampi audr«fltoton)Gai mauhlnei and metun , ...|f*, manufactured, illuminating and heating'tGlaaiGlati-outiing, Rtalntng and ornamnntlng. 4 «Glov*!* and niltltini (RC.H alto hosiery and knit goods, woolengood*) ...,.,.,,,.„..GlueGold and silver, l«ar and foilGold and silver, rttduulng and refining (not from th« ore)r«jt«i»and tallow (««« also axle j{rea»e f soap and oandles),.,, jHairworkHand-knit RoodsHardware (see also cutlery and edge tools, tools)Hardware,saddlery. , ,..,.....,.,,,,, „;Hat and cap materialsHats and caps, not inoludtng wool hats (see also fur goods)...High explosives (see also ammunition)Hosiorj and knit good! (see also cotton foods, gloves andmittmis, wooltin goods)Ink, printing -Instruments, profenslonal and scientific , ,Iron and ste«l forging* ,Iron and steel ,Iron and steel nails and spikes, cut and wrought, Includingwire nails ,Iron work, architectural and ornamental (see also foundryand machine shop products)Ivory and bone workJapanningJewelry fft*e also watch, clock and jewelry repairing;. ,,Jewelry and Instrument oasesjutt and Jute goods.Kaolin and 0other eai trth grinding..Kindling wood wo(Lamps and redeotors (see also gas and lamp fixture*).,Leather, dressed skinsLeather goods (see also pooketbooks)Leather,Morocco. ., , ,,,.Leather, patent and enameled.......... ,...,Leather, tanned and curried ,Lime and cement...,Liquors, distilled ,.,Liquors, malt (see also bottling)ILiquors, vinous (see also liquors distilled)Nitmb«r.is:;.ill'2484WmlU>7dmm(MlSID1ft6744i)1644101'ailm174mMA...s14m1787147m4701040104055] iWages.»0,7,4M(S.HOi.Vttftllft,74&'W94,491DMI.4H4151.4 WMl"l.owHI4101I,W7HI,JM»4lol.MA1"SW1.7JMJt4*.9«71,(49aim79XlNuinher.•49II41744WMI.WIIlort.wo .... , ,1,0*7m,m7W)IrtO1,6744H',7$7,444«,14I1,110m4t«•(niftU.rtftOH.OOUm.mIM.TII16,7114ID

UNITED STATES CENSUS, 1890. 33TABLE 3.—STATISTICS OP MANUPAOTUBBS—NEW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 1890—Continued.AVERAGE NUMBER OF EMPLOYES AND TOTAL WAGES-Contlnued.01illdren.Wages.Mali • above16 yean.Wages.Pieceworkers.Ferna lea above15 rears.Wages.Number.Open tlve»-~Con-tinued.Number.Number.Number,Ohlidren.Wages.10IMMSoIj2"S.S3 a wValue of prodreceipts froiand repairln98$4169907681t86,08378$97,061$667,800744,37444,61040,98621304m388316,66347,9881,67066i10,6663006,48079,9889,889,8093179706,0161694327,61460,600314,6514,819,088699,7785,938,863837,486738688::::::::;i13,6699476308175351661169 ma18 3 88818 4,0988 3,080117 SI,1198 463SO148,9383,8641,4824651817871,9877878906804688,564981946796,85480,3023,10016015,46180018,1731,683,9961,60081,1609,98668,686183,83488,6663,049,5181,4309,84110,76319,719401,637915819611885486JS61116,88069,4683003,9506001841607019,4869,4606,1909008,0708,883447,888106,07610681940tl,9231,6151,5009,08010,4009,967,6001,169,84061,88616,99tf191,66118,610135,42818,96246,88901,214oa (At63,998MS146|3698,605,074486,186683,781168,97846661191,3966,078,104611,57731,666,9551,848,676113,59163,776H 0,81664,8004J»',761110.6973.080116453665,118,163180,808360,69096,'O7O607 807374,6078?'9601 718*769'874J8681,091,408160,760941,661417 9148,189,881946,1706871891i7606,17719,08938i 136I 8819799863484 15,150 151« 4,160i 10066908,60078038343463 ? .40

34 STATISTICS OF LABOR AND INDUSTRIES.TABLE 3.-STATI3TIOS OF MANUFACTURES—NEW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 1800- Continued.CAPITAL.MECHANICAL AND MANUFACTURINGPlant.INDUSTRIES.'•3Aggregate,Total.Look and gunsmithlng • 5JLooking-glass and picture frames 8>Lumber nod other mill product* from lo«» or bo)t«, doorsand blinds (see al*o bo*a«, wooden; packing, woodturnedand carved)IKLumber, planlng*mUl products, including s**h 10Mantels, slate, murblttn.n

UNITED STATES CENSUS, 1890. 85TABLE 3.—STATISTICS OF MANUFACTURES-NEW JERSEYSPECIFIED INDUSTRIES—U. S, CENSUS, 1800-ContinuedCAPITAL-Continued.AVERAGENUMBER OF EMPLOYES AND TOTAL WAGES.Plant—Continued.Machinery,tooli andImplement!. |$10,53614,930•22,10687,816'M,70618,378Averagenumber.Aggregate!.501126TotalWftgCB.$80^3765,624Officers, firm member* and clerki.Malei above16 years. e2787;t18,674,"27,371Females above15 years.Wages.244,780458,«951,976171,900182,31082,80038,482!31,843;88,290110,8121396,680jSI ,96030,6181,75083638,441if"116,600320,74691,040495,70138,60018,18010,5105,01170085,80043,41018,68640,00043,7001013,38811, MM)644,9821,680,8931 7 ^477,6881,639,366'26,2^629,6441191,43764,826267,81393,998;•1,990164,8866,6102.W074,37437404 37,404319816326,500487,706588,8041,709,784429,78482,750131,865186,70139,7507,304,74664,063165,37686,30166,66081,690991,114131,85048,089126,1741,88336,266186,6268,1985.61Q86,01014,91241,79577,1297,0179,05186648645,94618*7149646t,79O96,78880,478'84,16191268 91,2687,76018,98113,6781,870341,18880,05228,8294,9606,0947,603111,09485,4396741,827!8,89880'849664392m149266,6882,08170558102,70833828391'2,842:282;1,180,81237,1713,104,89123,0781140,880144,366179,432231,3571on ainl176,8716,2073,014108,449aw83» w,83»119,768!160,500!388,0251,488,827449,82427«O6516,296186.870J42,4781,618,501181,72784,93570,74850,8791,607,68691,16064189H53;268'6U38,16|21178141a3iI!1616;26|336105'22>1683,6(18198,773AW66,506 .810,0564,424 .10,885 ,39,71213,082 .14,08469,190 .28,02036,1901.928 .1,374 .w,m80,126 6,668 .38,760 .88,655297,686m,m,3,900 .18,368t9,506j.9,m148,918 . 60,45728,68938,507 .8/i 8011,026318,11316,852318"il6128681849,0765001,03444,0976841,8002607 is1,5082,184864750tt891,4611,421,6366,6505,00074708,900109,985503,10097,61085,4001,360,49619,0005,089,564188,60088,116 •10,100266,130••IMS56,267477,3146,4331,3761)28647,079199,789MSJ1.87990,1501,856,187100,62756.99827,388183334566984ISM in17,917430,211!1,865,876k9,6878,44818,46816.U10390,411538,080642,86647,896501,018487657,176,180867,109|8606681;64184;12|167063!10411109,631800,608Zjjg4m8,78076,081IP65,144133,90938,540414831,20045,1961,186s 1,760:::::::: ::::::::::::961 *"~**S0,W821,060680

36 STATISTICS OF LABOR AND INDUSTRIES.TABLE 3.-STATISTIO3 OF MANUFACTURES—NEW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 1800—Continued.AVKRAOE NUMBER OK KMI'LOYKg ANDTOTAL WAGKB-Gontinued.MECHANICAL AND MANUFACTURINGINDUSTRIES.Operatives, Including skilled and utmkltl

UNITED STATES CENSUS, 1890. 37TABLE 3—STATISTICS OP MANUFACTURES-NEW JERSEYSPECIFIED INDUSTBIES-U. S. CENSUS, 1890-Continued.AVERAGE NUMBER OF EMPLOYES AND TOTAL WAGE3-Continued.Children.I1922442482i36b19B6113640Wager$633,1018444601,6546343641003961,432614290860838600796867..............610160768821,7104,8309,080Malet above16rean.4310IS60n71a60216791659982077Wageg.#3008,64011.3097,0207,25251 85870224,26070,6043,240208ib.ooo134,65868,8261609,840224 (91'8804,6004 6184,2931 260Piece worker!.Pent ales above16 years.Num.ber.120 >4178261183Wage*.»200a,(M»o13,87419,8821764,518"15630,894Operative*—Continued.Number.Number.Number.Children.4844Wagei.•8668 686630iM7.866,91,7461i699,637]9,996,81724,2873,196,50865,92628,295S4I,82013B.845874,657251,4'»681,679239,90622.167,«m188,17817,800853,781065,89*8UH.&9S861,7051,606,619724,296128,88168,63a128,87016,474.03*186,0601272,406!112,189'88,60637,867171,'

STATISTICS OF LABOR AND INPUSTUIKS.TABLE 3.—STATISTICS OP MANUFACTURES—NEW JERSEYSPECIFIED USTDUSTRIE3-U. S. CENSUS, 1890—ContinuedaS1CAPITALMECHANICAL AND MANl'PACTTKINdINDUSTRIES.Aggregate.Total.Plant.Land.Buildings.Soup and candle* (see aim groan* and 1 Allow)Sporting goods •Springe, Htfiel, cnrand oarrmg*Stamped ware (s«« alno tinsmlthlng, eoppersmlthing undslioet-lron working)•Steam fitting and heating apparatus (see also fonndrj 1 andmachine-shop products)Suru'loal appliancesTimber products not manufactured at mill (see also roof'Ing and roofing materials)Tinsmlthtng, ooppersmlthlng and sheK-iron workingTobacco—chewing, smoking and snuffTobHcoo—cigars b i and d cigarettes.. itTools, not elsewhere specified (see also cutlery and edgetools;hardware) ,Toys and gamesTrunk* and vallsai (see also leather goods)Umbrella* and canesUpholstery materialsVarnish (sen also paints)Vinegar and elder |Watch and clock materials,...,..,,.,,,.,,,,Watch cuesiWatch, clock and jewelry repairing (see also Jawelry) IWindow shadesIWire , IWire-work, Including wire rope and cable (see also mattressesand spring beds)' 18Wood, turned and carved (see also lumber, planlng-mlllproducts, Including sash, doom wnd blinds).4'JWooden ware, not elsewhere specified..nWoolen goods (see also carpets and rugs other than rag,felt goods, gloves and mittens, hosiery and knit goods)Worsted goods (see also woolen goods)A 1.1, OTIIRll iNDUBTRllta*• To avoid dlidosing the operations of individual establishments, Industries in which there are less than 8establishments reported are grouued as "All other Industries" ; Km bracing ammunition J, ail* greas« I, babbittmetal and solder 8. bagging ifUi hentp and Jute) I. baking and ynast powders I. belting and bos* (lltmn) Ibicycles and tricycles I, billiard tables und materials a, blacking 3, bone Ivory and lamp black 'J, boot and shoeout stock 2, boots and shoes (rubber)'J, brass 1, nrn«e castings 1, oars (street railroad) I, eellulold and owllutoldgoods I, chocolate and cocoa products 1, cleansing and polishing preparations 1, dot?Us I, Hoth sponging andreUnlshlng 1, clothing horse I, clothing (women's buttonholes) I, rombs l.cordngH mid twine a, conlUls andsirups 1, crucibles 1, dentists'materials I, emery wheels 2, enameled goods 1, enameling U, fall gumls % lifeworks 1, fish canning and preserving'J, foundry supplies 1, furs (dressed) 1, galvanising 'J, goti|tnwd«r M handstamps 2, hay and straw-baling 1, house furnishing goods not elsewhere specified I, lo* (artificial) I Ink(writing) a, iron and steel (bolts, nuts, washers and rivets) 1. labels and lags 1, lapidary work a, lasts 1 'lead(bar, pipe and sheet) 1, lightning-rods 1, lithographing and engraving 9, malt I, nneclles and pins I oakum Itoil (caster) 1, oil (lard) 1, oil (llmeed) 1, optical goods Si, pencil casws «, pencil* (I»R.!> 1, i>«u« 'st!') }, j.hoto"graphlo apparatus 'J, photographic materials 2, pipes (tobacco) 8, rules (Ivory and wood) 9, saws 1, scales andbalances a, sewing machine cases 1, sewing machine repairing i). silverware l.sUiiminr* goods u*»t elsewhere•ptotfled 2, tavldnrmy 'J, thread (linen) I, typewriters and supplies 9, washlng-machin*** ami clothes wrlnn«r* 1watohts2, wot d-preservlnir 1-=1"I•\A•AfiH84m444111818Ti11A4WHMaiH107*a,a(-n\HflMW.HlHartH.7()()l,40J,l'Jrt1,4»5,HH710,1178Htl.'llH\,mfm1 CIA .660251,4U4817,«walMt7'.A4HtUA.HM4r»7.«l)710,1 HO7M,'

UNITED STATES CENSUS, 1890. 39TABLE 3.—STATISTICS OP MANUFACTURES-NEW JERSEYSPECIFIED INDUSTRIES-U. S. CENSUS, 1890—Continued.CAPITAL-Continued.AVERAGE NUMBER OP EMPLOYES AND TOTAL WAGES.Plant—Continued.Ofllcert, firm members and clerkt.Machinery,tooli andImplements.$149,6004200068,600660,6001831,8488,880;4,066123,860'8.668109,836'88,300£6,700,149,040SIS969,164438,4788,476,487e aueti.160,800766,80lj1,028,980!lOfrlj1,038391,709197,469696,066148,66819860913,74846,80067,0011.866,68416.400107 660609014136,06766 086890,600127,887178,1671.0S01888,7614 48919,709,100,188!66,2638,89716833,848184,333388,82719,1668,67096,8816,0626,67*368,8481,7686.88719,89128,4774,64010,66631,003186406,71691406910,416Averagenumber.Aggregates.1811,6036461611,433'361671,81234116888•511368464,328964Totalwagei.$800,63180,608126,681630,904682,0943M876,2768fi&9 ,Q66,281704,272806,88217,690713,6'Jt)98,Pi>867,444274,42812,57577,184204,788118,04a81,086186,346129,797207,6071,4041,481,St 5384,1023,966,184Males above16 years.17,318Wagei.iwjio4,94038,36067,868119,96260086,41918,691337,888Females above15 jean.Number.Number."I*:;*"1isi86,6766,16183,0428096 8,096 29,142 ,171,696 44,848!1&.816'38,411! 167,048 ........16,63089,71026,12641,826.1.404 -77,857 I13,660443,176 14Wagei.•Ill4,80468463030C8338,3401,8001,900'6",768

40 STATISTICS OP LABOR AND INDUSTRIES.TABLE 3.—STATISTICS OP MANUFAOTURBS—NBW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 1800—Continued.j AVEKAUK NUMBER OK FMl'LOYKS AND; TOTAL WAUIC8-Continued.MECHANICAL AND MANUFACTURINGINDUSTRIES.Operatives, Including skilled and unskilled.Males aboveIH years.Keinales aboreIA years.Wages.Sumher.Number.Wages.Soap and candle* (see alto grasie *n

UNITED STATES CENSUS, 1890. 41TABLE 3.—STATISTICS OP MANUFACTURES-NEW JERSEYSPECIFIED INDUSTRIES—U. S. CENSUS, 189O-Continued.AVERAGE NUMBER OP EMPLOYES AND TOTAL WAOEB-Continued.Operative!—Continued.Pieceworker*.Children.Males above16 yean.Females above15 yeari.iChildren.Wagei,•5,6821.87H6,518""2001,038'V.6271922,650104166409Wages.$9,63025,700158,90854,7501,8009 48017! 8,70040, 15,882585; 968,74483169811116,8tO104857,93088,100139"*9Wages.$8,640 .88,1762,476 .Number.Number.Num-Num-2,0006,382 1814,696 1010426014,593 10100Wagei18,2662,000160Zb 6,400190 HI 1844 1,5508 4,6764816004,89850,1724,6762,96078782151086,441 628767 87 18,167 468,890 28 12,490224 606 791 169,141 106,1452.0008,281,9791,417,1676,O0J,P62lFor the latest revised totals for New Jersey by counties, tee Table 9, commencing on page 48.

42 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4. —U. S. CENSUS STATISTICS OF AGRICULTURE —NEW JERSEY. —FARM ACREAGE, FARMVALUES, ETC., IN 1890.COUNTIES.Total [80,8*8Atlantic ,BergenBurlington...,CamdenCape May...,Cumberland.EMSXGloucester...,Hudion.....,,Hunterdon...,MeroerMiddlesex...,Monmouth...,MorrU ,OceanPauaio ,SalemSomertetSuuexUnionWarren77816O938148846061888m,18931841HIM15851640268060786118*017744011696JMJI3,H83,009 1,999,11756.6dH. 88,98388,607 69,680814,972 190.H6461,784' 64,94047,066 86,4911(7«87| 1()7,«8| 75,118139,690 19,67V187,194 118,3811,386 1,160852,482 818,001137,858 118,111186,087, 97,9101WH.H48' 161,519S 13,679 138,69954,750. 81,75667,731' 80,503150,080 139,078174,000 160,793847,740' 191,74886,676 18,847188.54H 164,969Ht)l,89l'1159,868,840;87,60138,977134,1188,79430,676io on I84 848. 185•4,481114,34087,177187,43478,H80!33!H)6 33,!H6 I37,31880,00738,31765,997an6r7l3,079,4809.907.UW)14,819.9606,010,6301,113,6805,095,1706,098,8608,378,0003,148,00013,688,8608,391,9708,1BH.6U)17,(H)4,77«18,888,9903.B45.5408,S8(f,6709,8I0,H009.9M.6607,748,8808,348,8808,106,690ofii»7,878.644 1>16,811,430 *88,997,S4999,880856,770689.750388.4106B.mto8H1.7H0Hft.790426,tWO487.6H04(1.610766,14441H.1101(16.1100lll.HHO4IM10546.6W)110,410168.770684,9401.8HI.860471.H30141,680684,680H34.110H66.890986.6SO7*8.6901,431.7SOt.OOP.WO846.6408W9.6701,048.6601.056,8401.171.A60ai6,WH>907.940466,0661.1(0,790H.618,8801.878,690886,8001.180,170743,6703.897,660618,1103.809,9601,718,1101.414,6403,703,500MM,M0818,490608,4841.574 8401,677,7601.746,8806HI.WM)1.806,980

STATES CENSUS, 1890. 43TABLE 5 — U. S. CENSUS STATISTICS OP AGRICULTURE-NEW JERSEY—OLASSIFIOATION OF FARMS,BY ACREAGE AND TENURE.NUMBER OF FAHMB, CLASSIFIED ACCORDINGTO AORHAGB,WITH AVERAGE SIZE, 1890.CLASSIFICATION ACCORDING TOTENURE, 1890.OLAIS8 I.—CULTIVATED BY OWNERS.COUNTIES.IIITotal .Atlantic IBergenBurlingtonCamdenCape MayCumberlandE«»xGloucesterHudionHunterdonMercer.MlddloexMonmouthMorrUOceanPaisaloSalemSomerietSufiexUnionWarren ,.7781,6092.8148846061,8326991,8981848 109l|&861,6492,6803,4106878611,8208,0891,7744911,696I•84164llti4381649897 99808 98611991784888 788889M8,006 6,807 8,837 10,188 98 84 86 22,442 1,684 2,639 5,625 6,879 6,28164 30- I -119 326 167 134 4 6 78' 684264 672 420 1V8 41 2 61 1,351291411 108 4 6185 419 640 980 17 7 186 1,642143 220 4783 880 241 252 216 2' -,! 74 49096 168! g29 407 ... 7| 669 141 116 160 75584 27 63, l«7i 141 640121 470 836 296225 63j 117 79 91, 1 : ..40 95 307 309 Ki6 2 8185 263 166 46 2568 76 107' 204' 192 1971 1 8178 499 638 481 4 1,221 74 14b; 1; 864 406 23726& 1 ..67 466222 608 1,066 1,106 .. 8,243 17876? §76;;132 *4I 608 668 1 1,122 80 1011 300 869 870139 460 667 438 9 1,801 64 115! 386 448 300847 679 620 779 5 2,064 176 398 698 476 616368 617 662 800 10! 1,966 160 220i 4671 528 679 994 203 172 167 9,6;3 871 891 196 168 129 8118 241 207 195 8732 79 95 204! 174 1071 8183 978 619 661 2 1,066 6S175 887 688 764 268 147 390 1,831 14!&8 176 138 64, 1 l8i! 161 306; 34464 164 2*8 619! 600 lL86 66; 13068 179 47ft 964 9*61 mi 788 9 t140,441 141106, 48 I ..8l0l 449 8 1Si 1 103 299

STATISTICS OF LABOR AND INDUSTRIES.TABLE 5—U. S. OBNSUS STATISTICS OP AGRICULTURE —NEW JERSEY— CLASSIFICATION OF FARMS, BYACREAGE AND TENURE—Continued.CLASSIFICATION ACCORDING TO TENURE, 1890—Continued.01-ABB 11 —BHNTR1> FOB P1X«1> MONEYVAMT1.01.481 111—KBNTKIJ FOB til AUK OPEnixGlouoMterHudioaHunterdonMeroerIllddtaitxMonmoitthMorrisOcean 'Piuualc :BalemBomeriet..,.,Saiiex ,....UolonWarron693164ftl|168 60 6ft,136843 66144173170,161'9008996317141841 97190306 813« ia19 801» 941866 195138 86 18 3158; 1338, 1713to HI 186 .„.?! 1671 711 16 18ftgj 100 m l10 IB491 69 148 ....*4 18 ....10 168, 7 18 ....13 1487 184 9SM _,_10385 16 84| 19S 901174 m 94*093 13 133 '"m

TABLE 6—U. S. CENSUS STATISTICS OP AGRICULTURE—NEW JEBSET—LIVE STOCK ON HANDJUNE let, 1890, AND LIVE-STOCK PRODUCTS ON FARMS IN 1889Total...AtlanticBBCamdenCape May...CumberlandEcaexGloucester .HudsonHunterdoD..Mercer.MiddleMonmouthMorrla.....OceanP&asaicSalemSomerset.SaUnion..Warren10,5562,4487663,9816,493915377,6071,760mi3,4771,9481003272,»45 3,5163.369,6406,1622,991,8313,74216,797,488178,367,218607,872138.04969,046 .383.722 .68,241470,2863.520.1,171.181627,722 .31»,313606.X37 .645m 645,m .128^22.276,563 .297,936613,423 .697.362.4.0M.33& 734.26623,613 160,810~4^7O8,57176.644; 8,8127,6651,1742,0272,8768,650: 5,71611376; 21,4806.611ml 6,8179,89717,6921,0756,2336,717i 6,976j1,781"V.200 1 14,604S,38l406731204"284128188197184381066780596S324CTJOO

46 STATISTICS OF LABOR AND INDUSTRIES.TABLE 7.—U. S. CENSUS STATISTICS OP AGRICULTURE-NEW JERSEY—MISOBLLANEOUS CROPSOP FARMS IN 1889.COUNTIES.WarrenTh« aggregate of ooun-ittas reporting leuth*n 1 acre* Thert were alto Q aoree devoted to •orghutu, ratultlng irfWl galtoni of mo

TABLE 8—U. S. CENSUS STATISTICS OP AGRICULTURE—NEW JER3BY—CEREAL PRODUCTIONIN 1889.BARLEY.BUCKWHEAT.INDIAN CORN.OATS.RYE.COUNTIES.Tot*l ,....«„• ..„..,.„Cape MayMercerMiddlesex ,Monmoath... , ,MorrisSalem...Sutaex ... .......• *~7«ISSO106s%sn «i88481,969 5969630369Mg3,07199105•32996 |16,691sis8*580616,7035679,1433462,35835,97718894,014967,648 8,687,0112JU357327,7486.5344,5871507765716,657184,78918,15813,584HU6513,751s" 523,26330,55311,8901,79322,979,»i i iai,«Mi 3,837,99863,970103,453951,750243,150114,550491,69023,230936,585604 510432,784875,847457,832101.14550t226j590^10898,7 37611877716,907!1,028 19,6814,426 122 764'345| 79881636 9,9692,219 61,318404 10,4001,261 24,619!36,034 581,34111,665 396,1477,793 "" —3,64211,390S352,6-2416,5292,826423612963,773,7,0194,6794,76313,5893,4342,5021,0236,7964461,051I :e |"^74,0492.U70,33 796156,407,28 811:2703,7864,58061,39863,9766*,3U3158,44333,944,18,85016,4272,339&K06470.47116,737,83,100l!ll,S70 1,818,3838910,663!3,9*4'417!7,11611086,J*5&],1523385193,06956,1881,608117,0371,74285,02718,627 234,62711,188 181,7936,316 103,0858!l22 153,4713,738| 41,9362,5901S116,83411,33914,9162,848 2848252)657115,77©18,6061,210325,586aQOCDO

48 STATISTICS OF LABOR AND INDUSTRIES.TABLE 9 — STATISTICS OF MANUFACTURES—NEW JERSEY-TOTALS BY OOU8Tm3~U. S. CENSUS, 189O *CAPITAL.OOUNTIEi.I'lB.lt.Hutldlngi.The State , *Atlantic * I 8'«*Bergen . 180BurlingtonOamden * »,.Oape May * .Cumberland » , «SI6Ratn , » _Gloucester..... 106Hudron 1164Hunterdon • *49Meroer. ..,.„.„.,....., .......,...,, 1000MiddlesexS74MonmoiUbl!)MMorris , 149Ocean , tmPaunio , mSalem ...I................... « 144Som«n«t. |..# .* 1488us«exIts*Union.,...Warrtn...| IJ0I 1M)ReoelrWill ezpl*in t716.4164HB64W144 ».747,6*»6

UNITED STATES CENSUS, 1890. 49TABLE 9.—STATISTICS OF MANUFACTURES—NEW JERSEY-TOTALS BY COUNTIES—U. S. CENSUS, 1890-Continued.CAPITAIi—Contlnued.AVERAGE NUMBER OF EMPLOYES AND TOTAL WAGES.Machinery,>tooli andImplement!.161,807,978289,2801,489,2941,042,6964,698,15972,9461,626,06814,469,704887,33*18,881,481597,8694,893,6921,842,4191,538,6081,174,63680,4449,169,901270,90*847,16C764,8878,290,6s 1 !UHO.BMLive aiieti.U22,16*,279186 1251,66916701646,4749,987,38667,&56a,H08,09887,015,8941,083,88424,779,7061,040,9149,49¥,2872,644,4639986871.879.K8J146,544!16,490,05467f),0066H'i,361671.44C6,278,9353,338,616|0is1$18,468,06229,348877,189384,0891,096,8406 632286',7896,500,37581,9888,403,218127,1601,896,811462,610136,981281,67214,2012,709 09184,888106,79396,694754,980838,173Areragenumber.Aggregates.187,8984662,7884,95212,8841307,20264,4072,26327,6181,71016,8686,9251,4472,99839627,7123,11211,8011,1749,4972,733Totalwagei.•98,778,786171,1791,419,0461,947,7256,681,61046 2083,036'96981,420,1061,030,08616,862.196H95 y758,600.1113,094,804726,5621,417,568102,46213,287,601713,880498,4135,876,468Ofllewi, firm members and clerkt.12,689Malet.43170340976 268784,3881062,1431701,106802171182291,080186189464no308Wagei.»13,419,86324,835188,841251,874894,46012 2»t>265,1246,162,10682,6512,491,148100,2941,126,641261,812128,888189,11417,2681,269,68176,499104,06272,879572,928157.542riant—Continued.Number.Number.Female*.981148872442225922111H3178862644Wagei.$415,2665009,86816.67&7,996117,89872489,2962,368100,9746,00(11,1601,06078032,7971,7651.8491,76818,78710.660

50 STATISTICS OF LABOR AND INDUSTRIES.TABLE 0.—STATISTICS OF MANUFACTURES-NEW JERSEY—TOTALS BY OOUNTIES—U. S. CENSUS, 1890~-Oontinued.AVKIIAUK NUMHKK OF KM VU) VKS ANDTOTAL WAtlKH(Nujtluued.it, including Hklllfd und uimklllfld.Num.bar.TheSuteKW.4H9Atlantic 3«BHrpen . a,(KWBurlington'J.1MOamden • 7,587Cape May * 9*Ourabflrland I i.8»6lEaiex *...., ' 97.74HOlouceuter , l.OfclHudicm * I 16.M7Huntardon i !,*»!•Meroor ..; 10,7ftHMlddleMi I 4,«96iMonmouth * l,l«4iMorrii 1,807Ocean!Hi8Paualo 18,116Saleml.MJ,SoraerBet1.0H7:Bustex * liWlUnion7.4IMWarren\,m\|bfl,M8,468n»,W\1,637,411117.(W7.H754(H,H4710,8!M.(mi4H7.MI8.HI7.WWI.M7.O41ft78,h«47.81M.IM874.H8746l,ft»t867.7H74,W0t7H|)H774ft«

UNITED STATES CENSUS, 1890. 51TABL.E 9.—STATISTICS OF MANUFACTURES-NEW JERSEY—TOTALS BY COUNTIES—U. S. CENSUS, 1890-Continued.AVERAGE NUMBER OP EMPLOYES AND TOTAL WAQES-Continued.Operative*—Continued.Pieceworker*.Males.Femnlei.Ohildren.4,77196704280856067008846187370163141417m81SWagei.•710,3609,8706,69744,127612«5,IM 5IM105,63846,6239i>603 ,6m66,57026,88*1,87820,15679,7,0128,808146759,43319,360Number.Mum-Der.S4.931811169081,21141,21511,042582!3,356|1,044!2288548814121181Wage*.# 13,416,8789,62084,lut405,166754,064]250!H4H.486;6WWJW8 6,WW,JW8485.8501,604,045rt 1.21)4697,81 968,996'J2«50 ,«50104, Klft10,320,91,W| 911W1B7.I238,070!108,234'114,96558,780Wage*.14,018 18,602,1007^450128 23,68719966H 199.66H1,105 222,629 35,978 J4,609 1,816,229411 5.50H1.97H 1 639,664'17,71546J 121,HI!480 89,0613147 eT.'uw'861 «S f ?SIB I *85O147289u50 66062,'45564U548;Wages.166107527 1,95725083 5,688114 21,272281 »|66 8,4 la I4 4921692814.H621,48110 1,(KK)82 6,72528 l,'*6(l21 10013!$1169,866,740! $864,678,671265,4718,087,08718,524,84355,8533,170,49961,902,11799^,085O1HH717l,758,7S18.546,6418,024,87612O9W1194,80125,708,1351,354,272l7000M1 , ,6.V68.0693,681,168554,0686,774,8126,717,72724,446,187186,4737,745.680106,844,7322,601,84179,100,7862,956,63727,451,1496,662,0252,484,5165,421,349,9,2,871,0452,891,9882,156,66114,889,777

PART II.Social Developmentand thepunctions of 3 ureaus °f Labor S tat * st * cs(53)

PART II.Social Development and the Functions ofBureaus of Labor Statistics.The constantly increasing power in the production of thenecessaries and conveniences of life during the past century hasbeen so prodigious, that the problem of the abolition of povertyis forcing itself upon us as one demanding a practical solution.The evidence of thin is seen in the ever-increasing number ofpeople, both as individuals and as organized societies, that arebeing brought into operations to hasten its realization.Innumerable have been the attempts made in the different agesof the world to improve the physical and mental position of man,and to elevate his moral condition. Each age has given itstribute of devotion to this general subject. Each century hascontributed its quota of fervent self-sacrifice to the cause, whichnumbers plebeians and patricians, kings and nations among itsmartyrs. One experiment succeeds another; never does humanityremain inactive. It advances through struggles, wars and revolutionstoward its future destiny, which is doubtless the slow butfinal organization of industry upon a scientific basis, and theultimate establishment of order and harmony in our social relations,wherein discord and disorder now prevail.The history of political economy is in reality but a summingup of the various experiments which have been made by civilizednations to improve the conditions of their people. And thosewho study the subject with assiduity will find that Athens, "Romeand Carthage each contained their army of paupers, causing asmuch concern to the rulers, and giving rise to questions equallyperplexing in the domain of political science, as the moderncities of Paris, Berlin, London, New York and others in theUnited States are now experiencing.(55)

56 STATISTICS OF LABOR AND INDUSTRIES,The idea is somewhat general that the science of politicaleconomy is of recent origin, that the Physioerates or Adam Smithwere its originators. In fact, Adam Smith is often spoken of asthe " father" of political economy. But the institutions ofAthens and Sparta are quite familiar to us, as is also the magnificentadministrative work of the Romans. In both these peoplesof antiquity we may find the origin of nearly all the institutionsof modern government. In the laws of Lycurgus there were incorporatedmore of the aspirations of modern society than peoplegenerally are inclined to believe. Partisan spirit ran as high atRome during the prescription of Sylla, the quarrels of plebeiansand patricians were as venomous as during the Reign of Terror.If we compare the withdrawal of the Roman people to theBacred hill when the land monopoly was the burning question inRome, and which sealed the fate of the Gracchi, with the insurrectionsand turmoil raised by the working people in variouscountries in recent times, the resemblance is very similar.We may say that two thousand years were occupied in fearlessattempts to solve the question of freeing mankind from industrialslavery and the incubus of pauperism on a very extensivescale, by the most civilized and ingenious people of antiquity.History has preserved to us the results of such experiments madeby the Greeks and Romans. And it is not too much to say thatmodern methods of dealing with the same problems arc nothingmore than a repetition of the same experiments, often withoutthe same necessity and with no more ability. Those who cannotsee this fact fail to grasp the lessons of history and to comprehendthat it is but the story of man's progress and development. It istrue the ancients left no works summing up in book formtheir economic science. Their economic systems must bo seenin their institutions, deciphered from their monuments, comprehendedfrom the remnants of their handicrafts and read in theirjurisprudence. The care with which the Romans maintainedtheir aqueducts and highways shows how fully they comprehendedthe primary and most important necessities of civilization.The maintenance of open communication from Rome toYork by an ever-ready relay of horses, shows a higher developmentof the organization of exchange and intercommunication, relativelyto the forces at their command, than can be shown by many

SOCIAL DEVELOPMENT AND FUNCTIONS OF BUREAUS. 57modern nations with Bteam at their service and with volumes ofpolitical economy. The subdivision of labor was not only knownbut highly organized. The rich Romans had slaves to work forthem. The free workmen, organized in trades unions, performedthe public work for the government, such as its temples,aqueducts, baths, Ac, worka which to-day remain unrivaled. Itwas by the aid of the trades unions that the government organizedthe administrative service and its distribution of militaryforces and developed its architectural splendor. As the republicextended her conquests she increased her revenues andexpenditures with her domains and armies. The taxes were collected,part in money and part in kind, from the farmers of thepublic domain. Hence to collect taxes and feed armies becamepart of the work and function of the trades unions, of butchers,pork-butchers and various other trades, as is attested by the lawsrelating to those trades. It is therefore evident that if knowledgeof the political economy of the Romans is not to be found inbooks, it may be discovered by the aid of their jurisprudence;in the labors of legions of marvelous workmen, who left theirwonderful handicraft in Gaul, Spain, England, Germany, Asia-Minor, Syria, Egypt and northern Africa—in fact, in the wholeof the then known universe we may discover her politicaleconomy in her monuments*Rome, Athens and Sparta had their political economy, as England,France aud the United States have theirs; burdensome taxation,usury, bankruptcy, revenue frauds, public stealings, crime,insufficient wages, drunkenness, pauperism and prostitutionalllicted old communities as well as new; and to eliminate thesecauses of excitement and insurrection, the ancients were asanxious and made as many efforts as we ourselves.We find abundant proof in history of the anxiety and fear ofthe economists when confronted by these questions. The Atheniansfeared to take or publish a census of their slaves, lest theyshould know their own numbers, and thereby be encouraged torevolt. The insurrection of slaves under Spartacus made theeconomists of Rome tremble for the security of the state. If thehistorians who wrote at that period did not record their anxietyand fear, it is because at Rome they dared not speak of thatgangrene which was slowly preparing the dissolution of the

£8 STATISTICS OF LABOR AND INDUSTRIES.republic, and for which its greatest and best citizens felt shameand remorse. Similar was the incident of the individual who,during the recent financial panic in the Stock Kixchauge in NewYork, having the boldness to call in question the stability ofsome of our financial institutions there, was assaulted and condemnedby his fellow-meinbers, for fear that the whole wouldtumble into bankruptcy.When subsistence became scarce and the populace becameclamorous, the custom among the rulers in ancient times was todistribute food to the inhabitants of the cities. In England theestablishment of workhouses and parish relief of paupers suggestsidentical action. Wherein do the purposes of the twosystems differ? .In Germany there are establishments for menout of work, as well as for paupers. In France the institutionsof public charity are supplemented by the refuge for homelessworkingmen. Were not we imitating ancient Homo during therecent industrial crisis, by the free distribution of soup and othersupplies to the unemployed in nearly every industrial centre?The recurrence of these social phenomena with such regularpertinacity, and the acknowledged incapacity of modern statesmanshipto deal successfully with them, suggest the query,What have we learned during the past 2,000 years in the scienceof government?The possibility of material wealth now within our grasp ia farbeyond the highest conception of the ancionts; but with it nilwe are still perplexed by the fact that the great majority of thepeople is yet poor; and the tendency of our industrial operationsseems to be in the direction of making them poorer. With themultiplication of labor-saving appliances, the masses not onlycontinue poor but continue slaves to incessant toil. Wealthaccumulates in the hands of a few, while the many are doomed todependence and poverty. Laws to suppress vagrancy disgracethe statute-books of every country in the world, while trampsare everywhere increasing in numbers. The method of dealingwith the unemployed poor may not bo so brutal as formerly, butthe fact remains that their numbers have not been diminished.Probably the persistence of these economic facts has made popularthe phrase, " history repeats itself/' and why it ia that the

SOCIAL DEVELOPMENT AND FUNCTIONS OP BUREAUS. 59oft-repeated prophecy, " the poor ye have with you always/' isso often quoted with complacency in high places.All governments in the past have had to deal with this questionof securing subsistence to the unemployed laborers, and theeconomists would mistake their vocation did they fail to recognizethat the experiment of obligatory industrial insurance asinstituted by Germany and Austria within the present decade,as well as the adoption by railroad corporations and largeemployers of labor of various schemes for insuring workmen, arebut other attempts to deal with this ever-recurring problem*And should our economists fail to study their operation andresults, and to draw correct conclusions therefrom, we shall findthat all such efforts, now beitig brought into use, will prove asimpotent to deal successfully with the difficulties that confrontus, as were those used in antiquity to the discomfiture of theancients. There is but little of real importance known in economicsto-day that escaped their observation. Aristotle saw clearlythe transition from barter to purchase, and we have no betterdefinition of the function and use of money to-day than thatwhich he has given in the first book of his Economics andPolitics. The most complicated phenomena of the division oflabor were investigated by them. In the second book of Plato's" Republic "—an analysis of which the moat learned disciple ofAdam Smith might well feel proud of, and which, twenty-twocenturies after its writing, made the glory and fortune of AdamSmith—the ancient philosopher says plainly : " If in our thoughtswe conceive a state, our first impulse would be to supply ourmoflt urgent wants. Is not the greatest of our wants that uponwhich our life depends, food ? The second want, that of shelter ;the third, that of raiment? And how can a state furnish thesewants ? Would it not be necessary that one should be a cultivator; another, architect; another, weaver; another, shoemaker,etc. ? Shall each one do fer all the others that for which he isbest fitted ? or shall each prepare his own food, weave his owngarments, build his own house, etc.? I think the first waywould be the best. I reflect that we are not all born with thesame talents: that one has more aptitude to do one thing, andanother to do another thing." We may see by this passage thatPlato does more than show the advantage of the division of

60 STATISTICS OF LABOR AND INMJBTRIKB.labor; he also indicates the variety of aptitude, which entails inits consequences the idea of attractive industry, to which moderneconomists have as yet accorded but little consideration.It is observed that the attempts mado by tho governments ofEome and Athens cannot be considered m the resultn of aneconomic system inspired by philosophy, or conceived accordingto scientific premises. The Romans and (Irooks stigmatised thoindustries and despised labor as beneath the dignity of free men.They looked upon slavery as a natural and necoBsary institution,and upon work as intensely degrading, Their civic institutionswere founded upon this principle. There ia no truth in tho statementthat Athens was governed by a democracy ; it was governedby an oligarchy of slaveholders. There wore many more slavesthan free men. Notwithstanding tho writings of their philosophers,slavery appeared on every page of their history to refutetheir claims to freedom and civilization. Nor ia it impossible tofind equally pernicious contradictions in modern timo». Spartahad her Helots, as Rome her slaves, M the feudal ugeH had theirserfs, as we had our slaves in the South, and to-day have wagedependents who are largely restrained from tho exorcise of theirliberty for fear of losing employment.The distinction between tho present status ami that of thepast is the fact that the present order is based upon tho employmentof credit and the freedom of labor, to neither of which theancients made any pretensions. Tho introduction ot theso twofactors indicate the change from more instinct to that of rollertion.The state controlled by instinct is tho past of every civilization.It largely dominates tho present, and may bo summarizedby the term, military civilization, or government by force. ForBay what we may about a government of tho people and for thopeople, it must be confessed that without forcu or legal penaltiesthere is not a government in tho world to day where the peoplewould voluntarily pay sufficient taxes for its support. The mostcogent reason urged by tho opposition to an income tux has been,that those whom it aftects perjure themselves to escape payment,A comparison of the number of physical forces brought undercontrol, and the sum total of tho utilities obtained by their employment,ia the beat standard by which to determine the relativedegree of civilization to which a people has attained. Between

SOCIAL DEVELOPMENT AND FUNCTIONS OF BUREAUS. 61two epochs, or nations claiming to be civilized, the one employingthe greatest number of these forces, aud using them to thegreatest advantage, would, undoubtedly, be recognized as thesuperior one. Applying this rule, we discover the advantageswe possess over the ancients in the production of wealth and thepossibilities of a higher degree of civilization. So far aB weknow, the ancients employed but three of these forces—muscularpower, the power of the wind and the power of gravitation.During what is termed the Middle Ages, two additional forceswere employed—the expansive properties of gas, and terrestrialmagnetism. To these we owe the mariners' compass and gunpowder,the influence of which upon the development of mankindhas been incalculable. During the present century, twoadditional forces have been practically employed, steam andelectricity, by means of which a degree of material progress hasbeen achieved which could hardly have been dreamed of a fewcenturies ago. Since glass has been made into the lens and thewindow pane, and the invention of movable type and the printingpress, everything has changed around us; the ideas, reflectionsand aspirations of men are no longer the same. We knowand make use of immense quantities of raw materials, and evenarticles of food, which were unknown to our ancestors. Of themodern idea of machinery, they had no conception. Cotton, iron,coal, wines, the potato, tea, the beet and sugar cane have becomewith us inexhaustible sources of commerce and wealth; theyulono furnish labor and food to millions of men, cargoes to thousandsof vessels, and freight to railroads. The idea that dominatedthe ancients was conquest, and by conquest they institutedslavery and lived by the labor of others, while the dominant ideaof the present is commerce and industries; that ie, to live by ourown labor. The distinctive characteristic of the civilization ofantiquity is slavery. The irresistible tendency of modern civilizationis toward liberty. The Greeks and Romans claimed tobe civilized, but really oppressed humanity under deceptive appearances.They had no conception of many of the things thatare now considered as indispensable to human existence. Theyhad no windows in their houses; they were without underlinen;of the art of printing they were ignorant; hence, neither knowl-

62 STATISTICS OF LABOR AND INDUSTRIES.edge nor comfort was possibly within the reach of that largobody of society composed of either slaves or free laborers.Another marked tendency in modern society, both in thoughtand in action, is to care less tor generalization, afl conveyed bythe term Natioual, and to give more attention to specialization,as understood by the word Individual. As national convoya thuidea of aggregates, so individual conveys the idea of unit. Andthe broader, more humane conception of the real wealth of anation is coming to depend more upon the limit of wealth possessedby the individual, rather than upon the amount formingthe aggregate or total wealth of the country. Adam Smith, thegreat authority in political economy, called his fundamentalwork the " Wealth of Nations," At that period and until veryrecently, economists occupied themselves with the total production,exportation, importations and exchanges of nations.To-day, the tendency is to inquire into the wealth of the units otttie nation, to see if each individual has his primary wants satisfied.There is a disinclination to measure the wealth o! a countryby the total sum of its productions and exchanges, butinclination toward measuring its riches by the number ot individualswho enjoy abundance, in comparison with the numberwho are depressed by poverty. This change in the point ofobservation by students of social problems requires, that beforedetermining the wealth of a country, a door-to-door canvass shallbe made, to inquire whether each of the inhabitants is in JIOHHORsionof the ordinary necessaries of life, whether each child isproperly fed and clothed, and if the morrow's mwil in forthcoming.The labor of the economist in the future will bo directed to astudy of the needs of each individual, who composes the nation,and the best means of satisfying his wants. Heretofore theyhave been content to study wide aggregates, largo HUHIM, greatresults; now, attention is directed to the individual, the unite, ofwhich the totals are composed. It is the application of thatthought, formerly applied to " nonaentient things," which atpresent is applied to "sentient" man. It is the growth of thosentiment of humanity.Charles Booth, the statistician of London, Kngland, has indicatedby his patient and persevering work the present trend of

SOCIAL DEVELOPMENT AND FUNCTIONS OF BUREAUS. 63the economist. He gives as the result of his door-to-door visitationsin the East End and southeast of London, that of the fivemillions of inhabitants of that modern Babylon, one million anda-half, more than a quarter of the total population, do not earnmore than 18 English shillings per week for the family, and thatduring two, three and four months of the year short time andwant of employment reduce this amount very materially; andthis in the richest city of the world. Another evidence in thesame direction was the count made recently by the authoritiesin New York city to ascertain the number of unemployed. TheUniversity settlements, which are so rapidly increasing in themidst of the most densely populated portions of our own largecities, are giving facilities for observation and study in the samedirection; and the great attention which has beon paid to thecondition of the slums in all the overcrowded districts, both inEurope and in our own country, presents further proof of thetendency of economists to shift their point of observation. Therule has been to recognize only the wealth of nations ; atpresent, we are beginning to recognize the poverty existing as aproblem to be considered. While Adam Smith saw only thepower and influence which her ever-increasing exports andimports gave to the British nation, his disciples see the weaknessand danger that lies in the fact that a vast army of her laborersis without work or food and homeless, and that 40,000 childrenin its great metropolis go daily hungry to school.Thoro IB a demand for more specific information concerningthe HVOH ol the masses of tho people. It is observed that theufltinmtod general wealth of a country is no criterion to judge theconditions under which a majority of its citizens live. Statisticsthat relate only to the general increase of wealth, without determiningtho amounts shared by each individual, are of little itnportaneoin tho study of social conditions. For look where wemay, extreme poverty is greatest in communities where thegreatest amount of wealth iB centered.Thia iact of ineravmig poverty side by side with increasingwealth indicates the true mission of the teachers ot the scienceof social anil political economy, which is to show how the greatestnumber can be brought to enjoy the benefits of our present civilization,that by the application of scientific discoveries and ever-

64 STATISTICS OF LABOR AND INDUSTKIKS.increasing industrial progress so far surpass all previous periodsin the world's history as to allow of no possible comparison withthe past.The terms Capital, Rent, Division of Labor, Hanks, Balanceof Trade, Commercial Treaties, Association, Cooperation, &c,in reality have no significance if they do not tend toward the increaseof knowledge and happiness of the individual, whichalone can secure to the state prosperity and peace. Tho insufficiencyof the generally accepted theories of societury organization,and the need of more accurate knowledge concerning thenatural laws that underlie our social arrangement, is quite apparentto all who give the matter any attention. Lot anywho care to try the experiment, ask the first ten or fifty menthey meet, irrespective of conditions in life, and note the aimwersto queries concerning any one of the dominant questions of theday—money, tariff, cause of hard times, want of employment,&c,—and they will be astonished to find how few there are whoeven claim to have made any study of causes at all. Tho con.fusion of ideas is even greater among the so-called educatedclasses than anywhere else. The fact is that we find men inpublic life who have been taught in the same school, graduate*from the same colleges, and studied tho same books, acting indirect opposition to each other in all matters of public policy,and each justifying his actions by what is called Bound principlesof political economy. About the only matter of agreementseems to be that it is the right of each individual to adopt whatever,in his own judgment, may seem to contribute tuoHt to hinown interests, without any responsibility for its effect upon thecollective well-being, which is theoretical anarchy, pure uiuisimple. And as a result we see practices justified publicly that,as individuals, the great body of society condemns.This, we believe, would be remedied if the study of oconomioscience were confined to ascertained facts, instead of mero opinionsof the writers upon the subject. To illustrate : Why shouldstatesmen differ about the effects of a tariff? If it promotes theinterests of the greatest number, it ought to be demonstrable bysome principle of political science. This controversy ha« beengoing on since the beginning of the government, and while thebasis of conflicting opinions remains substantially the same, ap-

SOCIAL DEVELOPMENT AND FUNCTIONS OF BUREAUS. 65parently the problem is no nearer a solution now than at thebeginning. On one side of the controversy it is contended that,owing to the fact that wages paid to labor are higher in thiscountry than in Europe, without the protection given by dutieson imports, wages and the general conditions of the workmen inthis country would decline to the level of foreign countries.On the other side, the opponents of a tarifl argue that the effectsof a tarift are to restrict the employment of labor, and consequentlyis injurious. On one side it is said that the higher wagesand better social conditions prevailing here tend to enhance thecost of production, while on the other side it is asserted, withequal vehemence, that the higher wages paid here have a directlyopposite effect—that the stimulus of high wages is to increasethe efficiency of labor in an ever-increasing ratio. For more thana hundred years this talk has been going on. Our representativesin Congress have spent months of their time yearly debatingthis question at the expense of the people. Great politicalparties have taken sides in the controversy; campaign orators,writers and newspapers have filled the country with literature onthe subject; at times when changes in the rates were threatened,industry has been paralyzed, and hundreds of thousands of workmenthrown out of employment, on the pretext that the intendedlegislation would be ruinous; while apparently during all theseyoars of controversy it has never occurred to our statesmen thatthu poiutH at issue between them were susceptible of demonstrationi>y moans of statistics. But, except the meagre data obtainedby the Aldrieh Committee, in 1890, through the medium of theNational liuroau of Labor, no attempt has been made to officiallyascertain the relative cost of production by reason of the differingmim of wages. The same observation applies with equalforce to the recurrence of panics, the unemployed, the centralizationof wealth, the growth and power of monopolies; all theseare matters of vital interest to the whole people, yet, the causesthat produce them have not been made a matter of concerted investigation.In evory-day business tho same confusion exists;wo hoar of supply and demand, of over-production, of underconsumption,the extravagance of the poor, fluctuations in theprices of emnmoditiefc and in wages. Any oue of these pretendodcauses may be assumed by those interested in accounting5

66 STATISTICS OF LABOR AND INDUSTRIES.for social and industrial delects, with about equal propriety, BOfar as any scientific explanation of them is concerned. And theassertion is not infrequent, that production, consumption andexchange are mere matters of lottery.When we consider that the organization of industry is substantiallythe a&me in all of the leading commercial countries iuthe world, there ought not to be any great difficulty in determiningthe relative cost of production in units, if undertaken bygovernment authority under the supervision of competent men.The United States government, by a census every ten years, approximatelyshows the aggregate yearly increase of wealth inthe country. The necessity of knowing how it is distributed isquite as important. Without this no just estimate can bo madeof the practical working of our societary organization. It hmbeen computed that 31,000 individuals possess f 86,000,000,000of the total $62,000,000,000 of the aggregate wealth, as shown bythe last census report. Whether this is true or false, there are atpresent no means of determining, but the fact, that such a statementcan go uneontradieted, is a just cause of alarm to all whodesire to see government by the people perpetuated.To the thoughtful mind the acknowledgment of an overproductionis susceptible of but one explanation, which is, that it isan evidence of mental stupidity on the phrt of those who are responsiblefor it, as well as an economic waste to society thatpermits it.Within the past year we have experienced another greatfinancial crisis, extending through all the great commercial countriesof the world, in defiance of all the theories upon which ourcommercial activities are based. The effect of this has been toprostrate industry, bring distress to millions of people who havebeen thrown out of employment, and bankruptcy to thousands whohave spent a lifetime in pursuits that are everywhere recognizedas legitimate and beneficial to society at large. Had an epidemicof cholera visited the country the public would have immediatelydemanded the enforcement of sanitary regulations to stampit out, nor would there have been any differences of opinionamong our learned sanitarians as to what should bo done. Yetin remedies for relief from the distress caused by the panic, ourstatesmen appear as impotent as though there were no such thing

SOCIAL DEVELOPMENT AND FUNCTIONS OF BUREAUS. 67as organized industry. The President of the United States imputedthe cause to the silver purchasing act; but that act has beenvoid for months and the good predicted to come from its repealhas not appeared. Although at the last general election thepeople by a very large majority decided in favor of a reductionin the tariff rates, it is now contended by a large number ofrepresentatives, that the mere proposition to carry out this expresseddemand has destroyed the confidence of the people inthe future.Much more might be said in proof of the need for a betterunderstanding of the laws that underly our social organization.And while admitting that political economy may not be reducedto a positive science by which we can determine with mathematicalprecision the effects of the laws it treats of, it is contendedthat by an analysis of the elements that contribute to thecreation of wealth we may determine, at least approximately,their relation to each other and define the laws that controlproduction, exchange and consumption. When these areunderstood a scientific solution of the problem of the distributionof wealth is possible.There is no doubt about the capacity of our productive forcesto supply every demand for all the necessaries of a comfortablesubsistence for every man, woman and child in the country. Theproblem that has perplexed statesmen for the past generation isnot that of production, but of consumption, or, how to find amarket that will consume sufficient to keep our productive forcesin activity. Poverty, the distress from the want of employmentnow existing, is not caused by there not being enough food,clothing and houses to meet the demand; on the contrary, it iseverywhere alleged that the hard times are due to an overabundanceof these things. It is the acknowledged right ofevery man to have an opportunity to earn a living; yet there aremillions of men in enforced idleness, who are willing and anxiousto have work to do, but owing to some undefined cause theyare deprived of this right to work. The fundamental principleunderlyingour government, and which shapes our politicalinstitutions, is the declaration, " that all men are created equal;.that they are endowed by their Creator with certain unalienablerights; that among these t^re life, liberty and the pursuit of

68 STATISTICS OF LABOR AND INDUSTRIES.happiness;" and "that to secure these rights governments areinstituted among nieu."The preamble to the constitution of the United States note forththat its purpose is "to f >rm a more perfect union, establishjustice, insure domestic tranquillity, provide for the commondefence, promote the general weffire," etc. Article I, section 1,in the constitution of the State of New Jersey, contains thefollowing: "All men are by nature free and independent, andhave certain rights, among which are those of enjoying anddefending life anl liberty; acquiring, possessing and protectingproperty, and of pursuing and obtaining safety and happiness."These declarations constitute the basis of our political organization.Oar political institutions are founded upm the equalrights of all men. Politically, "an injury to one is the concernof all; " but in our Bocial and industrial organization it is quitedifferent. If one citizen is defrauded of his political rights byanother, or by a foreign power, the whole of the moral and, ifneed be, the military forces of the government are brought intoaction to redress the wrong. But the fact that a million of menare defrauded of the right to obtain a living does not concernthose who have abundance. Our political institutions arealtruistic, our social arrangements are founded on egoism.Politically, our ideal is the greatest go*xl to the greatest number.Socially, we are divided into a mass of warring atoms. Ourpolitical institutions are founded upon principles embodied inthe constitution and laws of the country, defining tho rights andduties of the citizen and made obligatory uj>>n all rnon; whilein our social and industrial organization these are loft to thecaprices of the individual, without any comprehensive ByHternthat insures order and harmony in the varied interests incidentto our activities. Hence, we have class arrayed against class,those engaged in one kind of industry combined against thoso ofanother; while there are numerous organizations purporting tobe formed for the only purpose of protecting their member** fromibeing spoliated by reason of their individual helplessness.These considerations indicate the true purpose of a laborbureau, which is to study society, the relation of tho individualmembers that compose it to each other, and give in detail what*ever deductions the facts justify. Labor bureaus had their origin

SOCIAL DEVELOPMENT AND FUNCTIONS OF BUREAUS. 69in the aggressive labor movement just subsequent to the CivilWar. The demand for their institution was first formulated byWilliam II. Sylvis, at the session of the National Labor Congressheld in Chicago in 1868, at which time a formal declaration ofprinciples or platform was adopted. He remarked that " wemay formulate declarations, but they amount to no more than thedeclarations of other bodies of men, nothing more than ouropinions. Facts are what we want; we want to base our demandson well-defined data, and until these,are obtainable noundisputable demands can be made. That labor is the most importantof all material interests, that upon it all other interestshinged, and that, if there is any virtue in giving to any interest aseparate and distinct department of government to protect andnourish it—and there certainly is—labor is the interest of allothers entitled to that consideration." The demand for theestablishment of a bureau was unanimously made a part of theplatform. That was the beginning, since which thirty-two Statesbesides the National government, and six of the principal governmentsof Europe, have instituted bureaus of labor statistics.And while they have not received all the financial assistance fromlegislators their importance justifies, they have very materiallyinfluenced the discussion of social problems, proving the wisdomof Sir Thomas Brassey's saying, in 1885, that " good statistics oflabor were the basis of all social reform."The objects of a labor bureau are purely scientific; its purposeis to make a sociological investigation with a view notmerely to make au exposition of the present state of society, butto aid society in its upward progress.The work of a labor bureau is essentially sociological; thereforeit differs from that of all other departments of government.Its purpose is not the mere acquisition of knowledge, for sociologyhas for its object the good of the people. It is the businessof a labor bureau to study society and explain the laws that underlyand govern social movements. It assumes that socialmovements are subject to general laws, and therefore, whenunderstood, a solution of all questions afiecting the general welfareis possible by scientific processes.

PART III.Free Public EmploymentOffices.(71)

PART III.Free Public Employment Offices.At the ninth national convention of the officers of the IT. 8.Bureaus of Labor Statistics, held at Denver, Colorado, May 24-28, 1892, it was unanimously resolved that " the Commissionersof Labor of the different States recommend to the Legislaturesof their different States the consideration of the advisability ofcreating free public employment offices, under State control andsupervision."This recommendation was the result of an earnest discussionof the evils of private employment agencies, which have beenextensively established in all our large centres of industries, andagainst which legislation has been directed apparently withouteffect. The " intelligence-office " system had been investigatedby bureau officials in a number of States, where their operationshad been especially mischievous. Mr. J. R, Sovereign, the Chiefof the Iowa Bureau, summed up the indictment against them inthe following words :" Some of the practices of private employment agencies are very inimical tothe interests of the laboring people; they invariably receive applications foremployment and advance fees far in excess of their ability to supply situations; the advance fee of a poor, needy applicant is received with as muchpleasure when the chances of securing a position are a thousand to one against;the applicant as under any other circumstances ; they nearly always advertisefor ten times as many laborers as are needed. They advertise for laborers andmechanics to go to the State of Washington or some other remote part of thecountry, under the vague promise that steady employment and good wageswill be secured. In addition to the usual registration fee, the applicants mustbuy railroad tickets, out of which the agencies receive additional commissions;it makes no difference whether there is any employment for them at the pointof their destination or not; the railroads get their pay, the agencies get theirfees, and employers get a surplus of laborers, in consequence of which wagesdecline, many are unemployed, and thus trampism is superinduced through nofault of those honestly seeking employment.' 1 (73)

74 STATISTICS OF LABOR AND INDUSTRIES.It wa8 asserted, with much force, that the laboring man out ofemployment could receive no benefit from private employmentagencies, however well they might bo managed, unless he hasmoney to pay for it. The laboring man who needs a .situationmost is the man without a dollar. He must sell his labor, starveor go to jail. Nothing is a greater strain on the morals of alaboring man than to be out of employment and money at thesame time. It is the first duty of government to make it easyfor people to do right, and hard lor them to do wrong.*The plea in behalf of public employment agencies was all themore favorably received by the representatives of the Bureaus ofLabor Statistics, because they were no new idea or untried experimenteven in this country. Free public employment oflices hadbeen established in Ohio under the act of April 28th, 181)0, in thecities of Cincinnati, Cleveland, Columbus, Dayton and Toledo,under the general supervision of the Commissioner of the Bureauof Labor Statistics, and found very beneficial both to employerand employe. They are intended to aid those seeking help oremployment all over the State, without expense to the applicants.The respective municipalities pay for the salaries of those managingthe several local employment agencies.The act is an amendment of the law creating the ofHce of theCommissioner of the Bureau of Labor Statistics, and is as follows:Said commissioner is hereby authorized and directed, immediately after thepassage of this act, to organize and establish in ali cities of the first CIRHF,and cities of the first and second grade of the second clasa in the Bute of Ohio,a free public employment office, and siall appoint one superintendent for eachof said oflices to discharge the duties hereinafter set forth. Haid superintendentsshall cause to be posted in front of their said offices, on a sign-board or ina suitable place on the building where ouch offices are located, the words" free public employment office. 1 'It shall be the duty of such superintendent to receive aii applications for]abor of those desiring employment and those desiring to employ labor, andrecord their names in a book kept for that purpose, designating opposite thename of each applicant, the character of employment or labor desired, and theaddress of such applicant. Each of said superintendents shall be providedwith such clerical assistance as in the judgment of the commissioner may appearnecessary for properly conducting the duties of their several offices. No*Mr. Sovereign, Ninth National Convention of Labor Bureau Officials,

FREE PUBLIC EMPLOYMENT OFFICES. 75compensation or fee shall, directly or indirectly, be charged to or received fromany person or persons seeking employment or any person or persons desiringto employ labor through any of said offices.Said superintendents shall make a weekly report, on Thursday of each week,to said commissioner of all persona desiring to employ labor and the classthereof, and all persons applying for employment through their respectiveoffices, and the character of employment desired by each applicant; also of allpersons securing employment through their respective offices and the characterthereof, and a semi-annual report of the expense of maintaining such offices.Said commissioner shall cause to be printed a weekly list of all applicants andthe character of employment desired by them, and of those desiring to employlabor and the class thereof, received by him from the respective officesaforesaid, and cause a true copy of such list on Monday of each week to bemailed to the superintendent of each of said offices in the state, which said listby the superintendent shall be posted immediately on receipt thereof in a conspicuousplace in his office, subject to the inspection of all persons desiringemployment. Raid superintendents shall perform such other duties in thecollection of labor statistics as said commissioner shall determine. Any superintendentor clerk, as herein provided, who, directly or indirectly, charges orrecives any compensation from any person whomsoever in securing employmentor labor for any other person or persons m provided in this act shall bedeemed guilty of a misdemeanor, and be fined in any sum not exceeding fiftydollars, and imprisoned in the county jail or workhouse not exceeding thirtydays.The superintendent of each of said offices shall receive a salary, to be fixedby the council of the city, payable monthly. The clerk or clerks required inany of such offices shall receive a salary of not more than fifty dollars permonth; provided, the compensation of such superintendents and clerks soappointed shall be paid out of the city treasury in which such free public employmentoffice may be located.Its prime features provide, first, for the collection of statisticaldata relating to the industrial interests of the State; second, toassist employers to secure employes; third, to furnish workingmenand women, when out of employment, free and reliable informationas to the kind and character of employment to be had.By carrying out of the objects of the law, observed the OhioCommissioner of Labor Statistics in his 1890 report, the entireState will be benefited, and the government certainly cannotundertake a more charitable or honorable and praiseworthy actthan that of securing employment for her willing yet needy citizenlaborer. And in his succeeding report, 1891, the Commissionerviews with considerable satisfaction the result of the workof these offices, which, from the time their doors were first thrownopen to the public, have been of such pronounced beneficial char-

76 STATISTICS OF LABOR AND INDUSTRIES.acter to their patrons. From January 1st, 1891, to January let,1892, the first complete year in operation, the total number ofpersons wanting situations was 34,371, of whom 21,457 weremales and 12,914 females. The total number of employee wantedby employers was 23,208, of which number 9,695 were males and13,513 females. The total number of persons who secured employmentthrough the offices was 15,525, or 6,967 males and 8,558females. The total " help wanted" was 67.52 per cent, of"situations wanted/' For the entire time that the five officeswere in operation, June 26th, 1890, to January 1st, 1892, fourout of every nine applying for work received it, and for everyfour vacancies there were fire applicants ready to fill them.The " Ohio experiment," however, is not an original idea, buthas been in successful operation in France fora number of years,An account of the various classes of institutions existing in thatcountry for obtaining work people ior employers and employmentfor work people was published early in 1893 in & office duTravail, a periodical issued under the auspices of the Ministry ofCommerce, Industry and the Colonies. A synopsis of this paperis given in the report on "Agencies and Methods for Dealingwith the Unemployed/' an inquiry undertaken by the LaborDepartment of the Board of Trade, and laid before the House ofCommons, England, on April 28th, 1893. This report has beenissued in pamphlot form, and comprises a mine of valuable information,generally, as to the efforts made in various ways, currentand historical, to deal with distress and other evils resultingfrom want of work.*Of the French agencies, those similar to the Ohio State employmentoffices are the labor exchanges (bourses du travail) managedby trade syndicates, and the free municipal registry offices.The idea of a real exchange for workpeople was first mooted in1848, but did not materialize until 1887, when the MunicipalCouncil of Paris decided to establish a central labor exchange,where any of the working classes u should have premises andoffices to which everyone may comu without fear of having tosacrificemore time or money than he can uftord. The free andpermanent use of the meeting-rooms will enable workers to dis-*Eyre and Spottlswood*, East Harding Street, London.

FREE PUBLIC EMPLOYMENT OFFICES. 77cuss more fully and accurately the numerous questions whichinterest their trade or affect their wages. They will have fortheir guidance and instruction all means of information and correspondence,the resources furnished by statistics, a library withbooks on economy, industry and commerce, and the course ofproduction in every industry, not only in France, but in thewhole world."* The example of Paris has been followed byseveral municipal towns, and labor exchanges are multiplyingfrom year to year. The " General Council of the Paris LaborExchange," however, was dissolved towards the middle of1893, owing to the refusal of certain trades unions attached tothe exchange to comply with the law of 1884, regulating theright of organization of these unions. A statement has beenpublished u showing the number of applications registered andthe number of persons for whom permanent or temporary employmentwas obtained during the year 1891 by the trades syndicatesbelonging to the Paris Labor Exchange"; from which itappears that 37,142 applications were registered, of these, 29,429were placed permanently and 2,814 temporarily.The exchange had a central hall, holding 3,000 people, andlarge rooms in w T hich workers on strike could meet, committeerooms where syndicates deliberated, offices to transact businessand a library with books of reference and many newspapers.About 270 associations were privileged to use the building,which, however, as stated, at present is closed.The most important free municipal registry offices are those inParis; those outside the Department of the Seine, with theexception of that at Bordeaux, being comparatively unimportant.They are established in the various districts of PariB (Arrondissement)and supported by a subsidy from the municipal council,being generally managed by two officials, who receive a smallsalary and are under exclusive official supervision of a Committeeof Control. Registration of applications for work takes place onpresentation of a document stating the address, together withcertificates, work-books and references of candidates. In addition,for the greater convenience of employers, a desk is put intho waiting-room on which are placed printed forms to be filled* Report of Labor Commission, 1886.

78 STATISTICS OF LABOR AND INDUSTRIES.out by those seeking help and put in'a box opened every evening.After the closing of the office, those applying for work, inthe order registered, are notified by letters, which eeive as introductionto employers who have called for workmen.

PART IV.Woman's Work and Wages(79)

PART IV.Woman's Work and Wages.Our industrial development, from the domestic to the factorysystem, has been accompanied by marked changes in the socialrelations and in the means of family support. Before its advent,manufacturing was a domestic industry carried on principally inthe homes of craftsmen, assisted by the various members of thefamily. But with the application of machinery the old-timemethods became obsolete and artisans were forced to seekemployment in factories and shops, owned and managed bycapitalists. In the nature of things, this has made it impossiblefor the other members of the family to aid in providing for thefamily needs, without following the husband or father to thefactory for wages.Notwithstanding the great number of female wage-workersnow employed, it is« doubtful whether, in reality, the factorysystem has materially changed the importance of woman's laborin manufacturing processes. Many now living remember thetime when the cloth, linen and stockings for family use wereentirely produced in the home by the various members, and whenthe carding-machine and spinning-wheel were a necessary part ofthe family outfit. Within the past generation, however, inventionshave made machinery almost human, needing generaldirection only and little manual strength. This has not onlytransferred, but has opened to woman new and wide fields oflabor; in many cases it has made it preferable to male labor inthe production of articles where formerly men had no competition.The deftness of hand and quick perception of mind are inher favor. This extension of field and displacement of the manworkerby the woman-worker increase with new inventions5 (81)

82 STATISTICS OF LABOR AND INDUSTRIES.and the simplification of processes of manufacture. Meanwhileit has lessened the field of what was formerly regarded as exclusivelywoman's work. They do not Bpin ; they do not maketheir husband shirts or stockings; they do not make butter andcheese. These articles are now factory products, and the familybuys them cheaper than they could be made at home. Economyof human labor forbids that women should attempt to competewith machinery by practices that were necessary in our grandmother'sdays. The daughter of the house no longer findsremunerative employment in her home; the factory offersinducements in better pay.This is not so much a matter of choice as of necessity, growingout of the displacement of hand-work by machinery, the domesticfor the factory system. Modern civilization Ja tending in thedirection of enlarged opportunities and of a greater independenceof woman. She is now, in a great variety of industries and professions,an active competitor with men ; in some lines of manufacturethe female already outnumber the male workers. Whatthe ultimate effect is to be is yet a query. A study of the presentsituation is favorable to the conclusion that women have been thegainers by the change. That the factory system is superior tothe conditions which it superseded is apparent, and with wholesomefactory laws to restrict the hours of labor and to induceproper sanitary regulations of establishment where they are employed,it is believed that the opposition 'and prejudice whichmanifested itself in the beginning will entirely disappear. Theadverse side of the future outlook is the fact that, in the fields oflabor which women have entered, the tendency is towards loweringthe rateB of wages of men. Yet, recognizing that the increaseof the products of human labor ought to result in a benefitto all and lighten the whole burden of toil requisite for our support,it would seem that the remedy lies in the equalization ofthe compensation of both sexes for like work. That this mustbe the outcome of our industrial evolution can hardly be questioned.Nor can there be any doubt, if our social and industrialprogression is to advance in like degree, that the equalization ofwages must be in the direction of an increase of women's compensation.

WOMAN'S WORK AND WAGES. 83It is scarcely within the range of probabilities that the numberof female wage-earners ever will equal that of the opposite sex;nor do statistics indicate that the ratio is increasing, althoughthe absolute number of women industrial workers is continuallyadvancing. In 1880, the superintendent of the tenth UnitedStates census stated the fact that the ratio of increase, 29.03per cent, from 1870 to 1880, in the number of females pursuinggainiul occupations was higher than in that of males. The totalnumber of both sexes returned at the census of 1880 was17,392,099, of which 2,647,157 were females, or an excess of277,795 over 1870. The data tor 1890, at this writing, are notavailable, except the manufacturing statistics,* which only notethe average number of hands employed during the respectivecensus years, of males above 16 and of females above 15 years ofage, and of children under these ages, These returns show thatthe absolute number of both men and women hands engaged inthe mechanical and manufacturing industries of the countryhas largely increased; but leaving out of consideration children,whose employment the enforcement of our factory-inspectionlaws apparently haB lessened considerably, they also show thatwomen comprised 16,8 per cent, of the adult employes in 1870,20.8 per cent, in 1880, and 18,4 in 1890, It may be that differencesin classification, and inclusion of omitted industries, will,to some degree, militate against strictly just comparisons betweenthe respective census periods, but hardly to an appreciable extent,on account of the large totals involved :Year. Men, Women. Children.1870 1,615,598 323,770 114,6281880 2,019,035 531,639 181,9211890 3,745,210 845,428 121,194The ratio of increase in the number of women employes wasmuch less than that of men from 1880 to 1890; while duringthe preceding census decade it was larger ;INCREASE PER CBNT, IN NUMBER OF—Period*. Men. Women. Children1880 over 1870 24.3 64.2 58.71890 over 1880 85.5 59.0 |33.4• Extra Census Bulletin, No. 67.f Decrease; see above,

84 STATISTICS OF LABOR AND INDUSTRIES.In New Jersey the average number of hands engaged duringthe respective periods in manufacture was:Year. Men. Women. Children.1870 58,115 11,198 f*,2391880 , 80,787 27,099 1?,1521890 144,864 ?P,370 6,313The increase per cent, in the number of the respective classesof employes during these periods was :Periods. Men. Women. Children.1880overl870 50 112 1281890overl880 67 46 *57* Decrease; see above.This, if accurate, simply means that the number of adult maleworkers has increased faster than the adult female workers inour manufacturing and mechanical industries, but not in allgainful occupations, necessarily. Whether this has any relationto the decrease in the employment of children is an as yet unanswerablequery.During the progress c f the preparatic n for the Columbian Fairat Chicago, the Bureau received so many applications, fromnumerous sources, for information about the earnings and generalcondition of women employed in industrial pursuits inNew Jersey, that it was determined to make a special investigationof the subject, as extended as the means at the dipposal ofthe office warranted. To have investigated all the conditionssurrounding this large part of our industrial population wouldhave been impracticable. The inquiry was confined to the matterof wages and cost of living, principally. For this purpose,appropriate schedule blanks were placed in the hands of specialagents, who visited the homes of the workers and their places ofemployment, wherever access could be obtained or informationgathered. By this means returns from 3,877 individual womenand girls were collected. These comprise wage earners engagedin 80 general industries, approximating 400 specific occupationsor trade subdivisions. While this number of employes is not alarge portion of women wage earners in the State, or even of the

WOMAN'S WORK AND WAGES. 85employments reported, it is believed that the returns are representativeones and reliable. These returns come from all overthe State, principally from urban localities, and comprise a farlarger number of workers of this class than ever before has beencollated by the Bureau.The difficulty of obtaining information from our female operatives,especially, has resulted that this field of inqury has beenbut little exploited. In 1888, the Bureau succeeded in getting buta few hundred replies to a similar investigation as was conductedthis year. During the same year the U. S. Commissioner of Laborinvestigated the condition of 17,427 working women in 22 citiesof the country, including Newark, in this State, from which 625women, engaged in 34 distinct industries, were reported. Thereport, the fourth annual, had f>r its special object to discoverwhat cities had to offer to working women in the way of manuallabor—women who work upon light manual or mechanical laborani in stores. It contains a most thorough presentation of allthe facts bearing on the subject of inqury, which, to a certain ex*tent, was limited. So far as this State is concerned, territoriallyand industrially, the present investigation has been more extended,but confined, primarily, as stated, to work and wages and expenditures,although taking in other incidental items, as will be seenby the summary tables following, which are supplemented inTable 3, by data relating to piece workers—the quantity of workproduced in a given period of time, and prices received by thepiece; and in Table 4, by returns from 47 establishments, employing8,533 women, showing the hours of daily work time,period of wage payments, and the weekly wages by classes ofemployes.The main facts el.cited from the schedules for individual employesare comprised in the six summaries following:Table 1, Summary 1.—Nativity and age. This shows, byindustries, the birthplace of the individuals reporting, their ageat beginning work, their present age, and the number of yearsthey have been at work.Table i, Summary &.—Work time. Under this, by industries,the daily and weekly hours of employment, the daily time of

86 STATISTICS OP LABOR AND INDUSTRIES.beginning aud quitting work; the time allowed for meals, andprovision made for seats when employed or unemployed.Table 2, Summary 3.—Wages and regularity of employment.The data here are tabulated under subdivisions of occupations:Periodic wage ratee, full time and yearly earnings; the averagenumber of days employed, and number of individuals out ofwork on account of sickness or want of employment, with theaverage number of days lost. The wages are given by rangeand averages, as well as classified by number of individualsreceiving the same.Table #, Summary 1.—Conjugal and home conditions. Tabulatedunder industries, and showing the number of individuals,single, married or widowed, who own homes, pay rent, board orlive with parents or others, and those who assist others from theirwages.Table 0, Summary #.—Rent and board. Tabulated by industries.The average and classified amounts paid for rent andboard per month and week respectively.Table &, Summary 3.—Income, expenditures and savings, byindustries. The average amount of iucome and outlay audexpenditures for subsistence, clothing and miscellaneous items;the number of individuals having a surplus or debts; the numberreporting savings and the amount thereof, and the classifiedtotal amounts of expenditures. It is not pretended that themoney items, so far as income and expenditures are concerned,are correct to the cent, for the case is extremely rare, even withadult men, where an exact sum of wages is kept throughout theyear, and rarer still of an annual budget of expenses. The basicreturns were as accurate as under the circumstances could becollated, and the averages reduce the possible slight errors to aminimum.As already noted, this inquiry takes in 3,877 working women,of whom 3,119 were engaged in manufacturing and mechanicalindustry, mostly factory workers. The balance, 758, comprised

WOMAN'S WORK AND WAGES. 87book-keepers, domestic servants, laundry workers, schoolteachers, saleswomen and miscellaneous employes in mercantileestablishments.Of the total number of women reporting, 3,176 were born inthe United States, or nearly 82 per cent. Ireland was the birthpJaceof 206; Qreat Britain of 154 ; Qevrnauy of 144, and Italyof 86; the small balance claiming other foreign countries. Thelargest foreign element seems to be among the following: Silkoperatives, 123 out of 330; of those engaged in domestic service,109 out of 250; flax and jute workers, 46 out of 67; electriclamp makers, 87 out of 216.The bulk of the workers comprises young women, their averagepresent age being only 21.8 years. The ages range from 12to 66:Individuals.Under 15 years 10115 to 20 1,50120 to 30 1,855HO to 40 28140 to 50 9450 and over 36That is, 42 per cent, are under 20 years of age and 89 per•cent, under 30. Those employed in domestic service, dressmakingand as railroad car-cleaners seem to constitute the olderworkers.The average of the ages when these women began to work,not necessarily but generally at their respective occupations, is14,9 years; and the range from 5 to 59, for domestic servants.The next widest range is for cotton-mill operatives, from 7 to 50.Both of these are extremes, as will be seen from the classifiedlist, which gives 1,665 individuals who began work under 15years of age; 2,036 from 15 to 20, and only 176 when 20 yearsand over—nearly 43 per cent, under 15 and 96 per cent, under 20years of age. The average number of years at work has beenbut 6.6; the number of individuals who have worked, under 5,being 1,739; from 5 to 10, 1,302; 10 and over, 836.The average daily hours of work are 10J; weekly, 63; whilethe range is from 9 to 15, and frond 57 to 93, respectively. Thisapparently high range is due to a few employments like domestic

88 STATISTICS OF LABOR AND INDUSTRIES.service, 8£ to 14 daily; dressmakers, 6J to 13; saleswomen, 5Jto 15; laundry workers, 8 to 14, and milliners and miscellaneousemployes in mercantile establishments, 8 to 13. Only 835, orless than 22 per cent., ordinarily, have less than 10 hours perday. The hour of beginning work ranges from 6:80 to 7 A. M.,and of quitting from 3 to 11J o'clock P. M. The bulk begins at7 o'clock or after, 3,124; and quits at from 6 to 7 o'clock, 2,879.The time allowed far meals ranges from J of an hour to 2J hours*1,145 having less than one hour and 2,732 one hour or more, theaverage time being f of an hour. The number of those obligedto stand when employed is 1,918; when not employed, 334, ornearly 50 and 8 per cent., respectively. In 527 cases, or about13 per cent, of the whole number, no seats are provided.All except a fraction are paid weekly wage rates, the averageof which, full time, is $5.50, or but little less, $5.48, when theperiod wage rate for all reporting is reduced to weekly time.The range is, of course, the extremes, from 50 cents paid a fewgirls as domestic servants to $20 for some special workers,mainly forewomen. The classified rates will better indicate thegeneral wages received than either the range or the average :Individuals.Under $3 219$:Uo $4 381$4 to $5 745$5 to $6 752$6 to $7 804$7 to $8 373$8 to $10 449$10 and over.... 154In other words, 1,345, or about 35 per cent., receive less than$5, and 2,097, or 54 per cent., less than $6 per week as full-timeThe average number of days' employment during the year was249, or 58 lost time, exclusive of Sundays and legal holidays.An average of 14.6 days was due to sickness in case of 1,058employes, and of 36.6 days to want of employment by 1,944.This lost time brings the average yearly earnings, for the wholenumber of working women reported, to $265. The range ofyearly earnings ran from $12 to $1,175, which are extremes, as

WOMAN'S WORK AND WAGES. 89noted above in connection with weekly wages. The classifiedlist shows that 979, or 25 per cent,, received less than $200;2,682, or 67 per cent., under $300; and 1,295, or 33 par cent.,$300 or over:Individuals.Under $100 ....„ 109$100 to $200 870$200 to $300 1,603$300 to $400 866$400 to $500 327$600 and over 102As in similar previous investigations of this kind, it iB shownthat the great majority of the women herein reporting were singleand unmarried, the number being 3,582. Only 111 were marriedand 184 widowed. There are 1,012, or about 26 per cent., whoassist others from their earnings. Those who own the homes inwhich they live number 58; while 137 pay rent and 585 board;the balance, 3,097, live with their parents, or others. Thus ifcwould appear that by far the larger proportion of young girlscome directly or indirectly under home influence, and a considerablenumber contribute to the suppDrt of their parents'household. The average rent paid is $7.17 per month ; of board,$8.03 per week.The average income of the 3,877 women was $266, while theaverage earnings from wages reached $265. Tfois is explained bythe fact that in some cases there was income from other sourcas.Toe average expenditures amounted to $257, the proportion contributedto subsistence, clothing and miscellaneous items being$162, $59 and $36, or 63, 23 and 14 per cent, respectively. Asabout 80 per cent, of the young women still live, what may becalled, " at home," in many cases being to some extent supportedfrom their parents' income, too strict inferences cannot be drawnfrom these items, except, perhaps, clothing, for which over onefifthof the earnings went.The classified total outlay for the year was as follows:315 individuals spent under $100.867 individuals spent $100, but under $200.1596 individuals spent $200, but under $300.909 individuals spent $300, but under $400.138 individuals spent $400, but under $500.52 individuals spent $500 and over.

90 STATISTICS OF LABOR AND INDUSTRIES.Of the total number, 309 reported a surplus above expendituresand 107 debts above income. The average amount of savingsUr the past and former years by 355 individuals was $133.There was no attempt made to investigate the " character " ofthe working women, either as a class or of those included in thepresent tabulations, for this was foreign to the end of the presentinquiry. Nor is it believed that such an investigation is practicable,or one of the duties of this Bureau. Both the MassachusettsBureau and that of the National government, referred toabove, collected a few statistics of a negative nature on this eubject,and Commissioner Wright*, from da f aat his disposal, statesthat u from all that can be learned one need not hesitate inasserting that the working women of the country are as honestand as virtuous as auy class ot citizens. All the facts are againstthe idea that they are not virtuous women. The statistics showthat a very large percentage of them live at home. They areliving in whatever moral atmosphere there is in their homes.* * * The virtuous character of our working women is allthe more attractive when the cost of their virtue is recognized.With their poor pay, if they continue virtuous, they are themore entitled to our applause, and certainly one must recognizethe heroic struggle they make to sustain life, to appear fairlywell and to remove what every honorable minded man andwoman seek to remove, the appearance of poverty. All the helpsthat are thrown around them in our great cities, all the kindnessand the care of benevolent employers, all the influence of thechurch and school must be increased, and these, joined with theheroic efforts of the women themselves, must gradually deepentheir character, strengthen their purposes and help them to gaina more generous livelihood."* Fourth Annual Report, 1888, U, 8. Commissioner of Labor, pp. 76, 77.

11 f 11f1139 Sif faIII .ffiio. g B S S J B J g S o S g U I Total number reported.- *_ i8| United State*.I Great Britain.I Ireland.Germany.Si :Italy.Other foreign oountrlei.!§6 » o> MM Si o.Range.Under 15 years.15 to SO year*.IM0ISS S___>8SO years and over.Range.S I Average age,O» IUnder 15 yean.f 3s gI 15 to 20 year*.| 80 to 40 yean.140 to 50 years.S3P50 years and over.[ Average.*. - _ -, SS SS ,. Si

92 STATISTICS OF LABOR AND INDUSTRIES.o paw RjvaX oi•sjTOi 01 0% gsa tsS S S3 3H OC «'iiveX g japan•eSvjOAVueAO pan uvaX og•sjwalogotoH ^•SJWBJC o* oi 08•u»ei 08 oi og I•jwaiOE o% 9\ I•sjwaX gi japan |S 8_„_.______-•98 8 »8VJSAV I'J8A0 pat uvai OS••JWiXogo^fli29.03819.783 2ssid3a31.7$3a8 £ 2 ?31.0093a31.S$3a32.63 3SS19.33X23.73a19.0as3317.5s3a33R83•sj«aigx"Pan*a8v aSvjaAy•a8a«HS 3 3 S 3 3 2 2 3 2 3 3 S 3 3Bajjmnwa aSfyajoj Jeqio•Ximii 8'/(IVUH9Os

TABLE 1.—COLLATED STATISTICS FROM FEMALE EMPLOYES—WORK AND WAGES—Continued.SUMMARY L—Nativity and Age.PLACE OF BIRTH.AGE WHEN BEGAN TOWORK. PRESENT AGE. .NUMBER Of YEARSAT WORK.NTTMBKR OF r.4X8 BOSH INNUMBEROF XITDIVIDTTAILBMT.MBEB,OF INI>rVTl>TJjiLSOCCFFATIOHS.3OaMilllneraOverseeing, ForewomenPaper Makera, Wall... ....Pen MakeraPottery Operative*Phonograph Xaker*,RugMakenBilk Mills Operative*Sewing Machine Factory Operative*..,Sewing Machine Operator* .......SaleswomenSuspender Makera1 s11 j.i51 »;....uf 8| i;14 1436! 37116 8740 40» 343S0 307no 10438Sub 37113 ISShoe Factory Operatives, Leather 194 110Shoe Factory Operatlrea, Rubber.....School Teachers78•6 , 2S j §10. 13 to IS. 13 to 34. 13 to 17....... 114 to aIS 1 13 to 17....! 15 to 19..." 1....! 8 to 3426 5 13 8 to 304 It to IS1 ....'.... 10 to 6812 .... 16 10 to 302....12 to 142 11 to 3010 to 39fage.16.719.4M.615.714.416.016.018.6n.s17.614.513.216.118.019.0•*3I i106|3605 361&1710S1161355-3516 .40 .13769»-917960S3181 .ioandmAKssw16 to 4310831917939615172369469i127330S5261015138186409351563o

B j fgi j3 g6 «f f 8- »_-, & £3 £S S S o3 a s a5 55 5 SIs a s Ms s s:S 1 5 S"18 8; gijgg^si s8 8tI Total number reported.| United States.I Groat Britain.| Ireland.I Germany.Italy. ~~~I Other foreign countries.Range.Average age.Under 15 years.116 to SO years.20 years and orer.Range.5 8 "S I Average age.I0D CDls!8P. Q• siI Under 15 yeaj-s.ft 8 8 815 to 20 years.I 20 to 30 years.•Ol W «• QOgfe 9 15JULJLAaNVI 80 to 40 years.I 40 to 50 years.I 50 years and orer.Average.Under 6 years.6 to 10 yean.10 years and over.sg*•Q HOQII

9 5 S 9*1111 Him ii s 5 * 51 s j nI. 3 i3 S3 8 Ia 5.l8 g 8 IS.Total namber reported.Range._sJLiLAversge.1*1 *fÔP M>a S i•• M •"«M 8 *Si « S« *•-• S!8 S S 8 8a *w < Q « - i C « j o o - a t o go g o »3 «SSi:1Rauge.Average.Under 8.1 ^ 8 to 9.9 to 10.10 and over.Range.Before 6.I 6 to 7.S S £ 5 £ S * $ £ 81 g 17 and alter.*?M « M H- «i % : : s8§ S K IS »: S as K s| j g ? Mi : S : *o» v en ° o»5 S S Z •^ to a\ ^ o> -Iiii•IQ§96 d&V

I50H to 1- Total number reported.o> » £ I* 88S£ 8 g 8 8 S ac 88 8 II 8 . I 3 S 8 « |,| 8_S_ * 8 :» a s ^ s B B § B; la £ £I Under 8.I 8 to 9.19 to 10.10 and over.Range.wod50gmo03d5; 8 S MCP w €Before 6.|«to7. , |P ,SiS ff! : : 52 J •109134I 7 and after, \\ S IRange.: i : M ; : | Before 6.« i| 6 to 7.8 B S K 8 KphRange.! i i I j ;: 5 M s : : i: :Average.Lens than 1 hour.3soe Q s B gs !S »1 hour or more.: : : :i B 1 : :S 1 : i I s :: : : : i :: : :::| :\ I M I s iWhea employed.When not employed.Number having uo 8provided.,3SSiOjowo83 IHO I2.6 CINV

98 STATISTICS OF LABOR AND INDUSTRIES.. i -popjAOjdS5«0 I «i«dii ou 8ujA«q JoquniN2*3 •—-" ~~* fl i p»A*otduia ion uoq^vij

TABLE 1—COLLATED STATISTICS FROM FEMALE EMPLOYES—WORK AND WAGES—Continued.SUMMARY 3.—"Wages and Regularity of Employment.i PERIODIC WAGE-RATE-FULL TIME. WEEKLY WAGES (REDUCED)—FULL TIME. YEARLY EARNIKGS.| OUT OFI EMPLOYMENT.Dally.Weekly. Monthly. Number ReceivingNumber ReceivingNoWork.OCCUPATIONS.Book-keeping 33If I *\ S3Buttons, Pearl55 7.2CardersFinisher.8.0Drillers 7 6.7Forewomenl'll.OButtons, Ivory 11 4,6 -Box Making, Paper .. 99Cigar 6Cotton Goods ...» 344Spare Weavers 51Spinners 434.0 .2.0 -6.5 .4.1 .4.6 .Weavers 30 .Speeder Tenders 23 8.4 .Trimmers 13' 6.7 .©offers. : 11 1.9 .Reel Tenders 9 2.6 .Spare hands (card room) 5 4.6 •Drawing Tenders........ 4 2.0.Stubbel Tenders 3 11.0 .Smash Fixers 3 12.0.Warpers 3 6.6.Drawers-in % 5.0 .Sweepers 3 1.0 .Sewers ?j 9.5 .Ticketers i 7,3.4.55| 8 7052 10 007 90|7 8 3011 13 0069 5 96.6 4 67.344! 5 50!.,,. ....511 4 10,43 4 00}....99 1 7 90!S3 6 10]18* 4 09'11 3 6091 4 095i 8 8041 4 005 65 ...7 66498 ....570 ....2 005.96....4 ».„.'$2.00 to $12,006.00 to 11.006.00 to 13.007.60 to 9.008.00 to 9.0012.004.00 to 7.50§sS5;2.#0 to 10.804.30 to 6.002.00 to 11.002.00 to 9.002.00 to 5.503.00 to 11.003.00 to 9.004.00 to 4.252.00 to 4.002.00 to 5.00 4 0».... I ll 2 4 33.00 to 5.00i 3 80.... 1 2 3! 13.00 to 6.001 4 00.... 3........ 14.00 to 7.12 5-5........7.00 to 8.00 7 66....!....4.94 to 5.00 4 98 ....5.00 to 6.00 5 70,.S-00 2 0014.75 to 6.00 5 95!..-...,.S.CS to &-00 4 19 ....' Iito2! 3I ....00.S* 53 3§ §si sover.•catiii!S 2 5 $100 to »634 $8441 8 33 13 295 to 624 4llLll.... 9 12. 295 to 56*5 4661.8 17.... 824 to 417 887.71.... 370 to 417 884 1 .1 624 634.173 to95 to 425 277234 to 260 243,77 to 469134 to 42377 to 276142 to 469160 to 446173 to 20386 to 31296 to 250145 to 20395 to 232141 to 352250 to 389186 to 247227 to 26092 to 103225 to 315146 to 206SSI199182370390191U.172192185 ..156!Ml ..832!.27§i....179 ....80 586 3*29| 68 I7 280... 279... 2791 307277 II3G6-...» 5432 278 19 8688a! 40 16 12... 269 34 32 142 332 20 18!3293 14 17258 ' 9 22 4383 8 17287 fi 126823132548546212121012363 441 182 "48*'*3 184 UO3o

TABUS 1.—COLLATED STATISTICS FROM FEMALE EMPLOYES—WORK AND STAGES—Continued.SUMMARY 3—Wages and Regularity of Employment.PERIODIC WAGE-RATE-FULL TIME.WEEKLY WAGES (REDUCED)—FULL TIME.YEARLY EARNINGS.OUT OFEMPLOYMENT.Dally.Weeklj.Monthly.Number ReceivingNumber ReceivingSick- | Nonees. ! Work.OCCUPATIONS.litssai! 1!SaaS'• B• zCotton Goods—Con."Knotteral.....",..' A 6 3.5....Not Cl&saLfied. | 3111.1.....Cigarette Fhoto Makers... j &4 6.0 .Cutter* .90 7.1.....Frame Filler*.11 4.5 ....Mounters | 10 54 ....BamJitien .1 6.5 ....Hanger*....6 6.1 ...Corset Makers... 158 4.7,...Joiner*.... 46 3.7 ....Centers 36 4.8 ....PrMiHudL.... 8 5.S ....Lace Trimmers 5 8.5 ....WalstSewers.. 14 S.I ....Embroiderer* 7 6.8....Steel Maker*....4.3 .Cagers56 ....Seamen..fi-6 ....Ironer*...214.0 ....Binders30 .. .Examiner*8.5 ....Buttonhole Makers...... €-0 ....Boner*.....3.0 ....Not Classified-. .^..^^! 34 $.*'.'.'.'.Clothing (Men's) Operi'r's 33 13-4 ....Sewer* 30 10.8....Vest Maker*..... 3 7.0 ....1£ !6 *4 80 .21, 4 86.54 4 102U 4 6011 310.10 4 30 .. .7 3 70 ...6 3 96....158 58045 S3*36 5908 6005 730 .14 4 00 .7 8 00 .4 560 .630 .8 00 .10 60 .6 60 .886 .600 .3 34 .34 58023 6 34 .20 540 .3 4 60 .M.aOtolfi.OOJ2.50 to 9.00*4 80.4 86J3.00 to 4.50a95 540-- -- 70;.-..Dto 6.00 3 95;....3.00 to 12.00 6 80....5 ! si ! S16 28; 71 13 -io! l] ....I' JU 24.00 W 8.00 5 »;....I...-I H 31 10;....6.00to 6.60 5 90 ....!-...I.... ! 9 ~"Oto 6.6^ 8 00'....!........! S4.00to 11.00 7 203.50 to 5.70 4 00:....8.00 8 00....5.50 s eo- s !::::•5.G0to 5.50 5 20 ........8.00 8 00.... ...10.00 to 11.00 10 50....5.00 to 6.00 5.60 ........5.50to 11.00 885........6.00 6HOS.OOto 3.60 3 24;.... S4.00to 13.00 5 80 ...-•....] 13.3.00to 12.00 5 24-...J 3 9S.OOto 13.00 5 40'....; 3 64W 4 50.... ...J 153 46, 3 IS5 - . . . . ; . . . . • . . . . | . . . .•216 to 1234'$230127 to 459 237 ....132 to 346 180 ....158to 337 206 ....132 to 198 140 ....176to 236 171 ....132 to 176 164 ....100 to 246 175 ....134 to 464 271 ....176 to 330 346 ...., . ..240to 330 29a .... ....: 14,335 to 316 289 ........ 3 al«8to 463 519 .... 1 2 ....176to 463 321 .... 4 10408 408275 275 4237 to 347 242300 to 3

Total nuraber reportedAverage_S| N umber receivingAverage.Number receiving.&Average.8 8 8 S8SS888SS88S:o 5 SSSSt a 8 8 »Under »3 00.18.00 to HM,H 00 to »6.00.S 0S0000 o o S o ôoooooocoooUnder *100.00.$100.00 to $200.00.tflOO.00 to 1800.00.$800.00 to UQ0 00.$400.00 to $600.00.Average number of dayi employedNumber of Individual!.Average number of days.s101-ss;;'Number of Individuals.Average number of days.

TABLE L—COLLATED STATISTIOS PROM FEMALE EMPLOYES-WORK AND WAGES—Continued.SUMMARY 3.—Wages and Regrularity of Employment.OtoPERIODIC WAGE-RATE-FULL TIME.WEEKLY WAGES (REDUCED)—FULL TIME.YEARLY EARNINGS.OUT OFEMPLOYMENT.Daily.! Weekly, i Monthly.Nximber Receiving.Number ReceivingSickness.NoWork.>OCCUPATIONS.2rofrofo c? o •Klectrlc LampsTupping CarbonsTreating GarbonsSealing-luPutting In Carbon a....Refining FiberTesting Carbons .. .Trimming WifeTesting LamesIn*p*ctin« FiberPlalnlog FiberAccounting for Work..Socketing LampsInspecting Lamps......Sorting CarbonsInspecting BulbsSplitting Fiber. .Cutting Carbon*Trimming PKTUPressing Paper...Not classifiedElectric Motors, not cl&m•ifiedFlax and JateFl*i Spreaders. „,..,..Winders.Twisiers *.Spinner*.Bailers5S 5.4!.i? !:?]"J» 4.0!.10 5.8 6.7 .6 6.1!.10 S.8UU 3 4-« 6.4 .*! «•?•61:1 :I VI.l» 4.4 .67 13.4 .......3 to.O -..•-.».*229.01010.0.... ...917.0 .......3 9.0 ......I is. 316. 23-I 15'1 n$5 0*7600.500 ,4 45.5 30 .490.635 .460 .14 .350 .464 .580 .635 .450 .4 70 .535 .162 .4 60 .5 U) .6 40 .4 50 .i#1.86 to»l0.OO4,50 to 10.004,33 to 6.872.60 to 5.402.8U to 6.M)3,40 to 6.0CS.80 to 6.803-70 to 6.W5.40 to 6-002.30 to 4.603.40 to 5.504,10 to 7.603.40 to 8.104.15 to 5.943.86 to 7.208.90 to 8.802.97 to 4.344.30 to 4.9Ul.»J to 4-655,£9 to 6.301.86 to 6-60f 1*5 02600 .&{« .4 455 204 90 .5 35 .4606 14 .3 504 64 .5 SO .6 35 .4 60 .4 70 .5 3i .3634 60 .3 006 404 505 3 87...., 3.42 to 5-70 8 87 ..,.,7« 57 38 76 7 7 3113' 13i 2....5 6' I....5 l! Si....1 l| 31....I 2-...J 5 8. lj67 5 30....!...... 3,00 to 8.00 530....3 4 80 ....!...,.. 4,00 to ' '4 5 28...... 5.00 to 6.00 5 28 .10 §00 ...J...... 4.25 to 5-50 5 00.9 5 50...J 5.00 to 5-70 5 50 t f »!3 4 75 ...J 3.60 to 6.5 4 75.... 1 1 I 1 .... .........1ft 1 !!!III 1s:3II If87 to t520 $264! 2 : 60 125, 37| 1 1168 to 620 278 .... I 16 § .... 1812 to 357 249 .... .... 14! 1L,1S7 to 260 _. ... .141 to 303 259 .... 2; 11, 6.,..141 to 282 226 .... 4, 111....!....132 to 351' 266.... lj 6j 4;....196 to 300 224> .... 3 3 \ .265 to 319 281 ........ 4 3.106 to 235 166 ....156 to 261 217 ....196 to 354 280 ....161 to Sin 2*9 ....199 to 271 219 ....166 to 347 226 ....174 to 459 247;....14*2 to 2tH 113 ...*SlOto 2c5 238 ....98 to 229 149 1! 3 13f* to 3^0 3;?9 ....j.... ...87 to 324 2!5 l! 7 10160 to 258 174|.132 to 384 249.... 15 44 8 .177 to 250 218 ..«:. 1; 2 .... .250 to 295 256.... .... 4 .... .168 to 225 22? .... 1? 9 .... .1S2 to 291 204 .... I! 8 .... .177 to 3CS 290.... ,...' 1 2 .' 278; 291J1 272!I 291271; 281269287; 279270 .279 18 23203 1 2297 2 4270 4 34276.283171081110564494642114 152 2512 13 3618 33 248 2 2416 187 2515 1414 15\6 243411 2391 3224 7 2427 11 3078i 22128 11 31 178 234 1524IE 24123 B94 18Wo©H £d i—•

ITotal number reported.wo> Mur«eSb»»«(»w» -jtSttfeowAww ^?°g^^ | Yean at Work (average).§88 8S8g§8gSS§8 S8S8SSSS 8888S9s•l"riCOaOCOOJCNumber of individuals. J ^ j"- — 3? IAverage number of days. I **COT

esoNumber rtoetnag55 55 5 5 55555 5 5555 5soixsixvxg

TABLE L—COLLATED STATISTICS FROM FEMALE EMPLOYES-WORK AND WAGES-ContinuedSUMMARY 3.—Wages and Regularity of Employment.WEEKLY WAGES (REDUCED)—FCLL TI5SE.YEARLY EARNINGS.OUT OFEMPLOYMENT.ooNumber ReceivingNumber ReceivingSick- | Noness. Work.OCCUPATIONS.Knit Good*—Con.Loopers.............Folder*Buttonhole MakersOperators...Lamps, Metal and Glass..Wrappers. MetalNot classified, Metal....Mot classified, Glass....LaunderingShirt Iron ergCollar IronersLtnen TrooersLinen FoldersStarehers.-..Domestic LaundressesSorters........Not classified.Lace* «»......MendersDrawers.....Operators...Het Threaders ,Manager ,Not classifiedlaad Pencils.,16.006.007.008.70fXtsoolsop|9.10,2.50 toUl.OO 3 7$' Sj3.50 to 6.001 3 70 35.50 to 6.00 6 (X) ....3.50 to ll.OQ 6 60 13.00 to U.00 5 564.50 to 11.00 9 304.00to e.oo, 5 Baa! 336.0U6003.001001.50 to 8.005 45|tS.OO 1 6 004.00 to 8.00 5 833.IX) to 9.00,3.00 to 12.00 4 S3l3.50 to 6.501 4 708.CO to 2.35 2 158.00 to 9.00 73.00 to 3.50 213.00 123.60 to 6 00 a2.00 to 5.00 3 Ml 34'5 ,9 33 ', ° ! °SI?,' 84 ....3 ....18 77 71 ....2 ....4139i to $495' 143:121 to S76( 198197 to S05 3859*2 to 496 347153 to 572335 to 573\U to 338845 to158 to176 tom to204 to153 to88 to 590167 to 347bSto US199 to 384to 178!m8 1338 '130 to 284U to 256 i 166 j 2 1 34 1 109....53 16 131 .... 7101 4,' ''309...! 273J1 273...j 275... 272...! W...' 3011 296.... 364berEaAveri16; 249 125 27•,«31 6014 1043, 251 188 ""2| 4171810 5 3052 4 54cT>•o!...^ * 3o' 800 6 1 IB

: : : ; Number receiving,j : '. :Average,SS SSKS&. « *. 01 tn8_88SKbi— jr, —fTp? 1 - Number receiving.

ISiSi?! :s!iS::?i if f \Total number reportedYean at Work (average)Number receiving.Average. |Number receiving.Average.888888•6.00 to *6 00.*6.00 to 17.00.*7.00 to 18.00.|8 00 to J10.00.110.00 and over.38! 3!BS8Jli SBS89MII |8tftOO.OO and over.Average number of day* ewployNumber of individuals.Average number of daysNumber of indivldualo.Average number of days.101 asiv J

TABLE 1—COLLATED STATISTICS PROM FEMALE EMPLOYES—WORK AND WAGES—Continued.SUMMARY 3.—-Wages and Regularity of Employment.O 00PERIODIC WAGE-RATE-FULL TIME.WEEKLY WAGES (REDUCED)-FtJLI* TIME.YEARLY EARNINGS.OUT OFEMPLOYMENT.OCCUPATIONS.Phonograph*—Con.JapannersCylinder Inspector*DnpbeatoriPolishing Sapphire*....Wire Brash Maker*..,.Not classified „..,.Weaver* »Cob WindersPringer*Preasero »Ko otter*Brasher*SpoolersPackersHeRobber Garment*. -Dotsclassified.....811k MilsWindersWearers.Oonbler*..Warpers-Pickers ...Spoolers..StackersDWeekly. Monthly. \14.50 14 50.4.604 SO 1 ..4.504 50 .3.008 00.,6.004.60 to 16.60; 6 30 ....3.50 to 8.00; S as ....6.00 to 8.00 7 »!....4.00 Vo 6.60 5 3»L...4.00 to 7.00; 5 50....5.00 | 5 00]....4.503.50006-504W.3 50.7 OG.6 50 .5.00 to 8.50: 7 tt .3.00 to 10.00 6 803.00 to 10.00 6 75 .3.00 to 10.00 7 36300 to (5.60 6 28§.00 t» 10.00 8 756.00 to 7.00 6 604.80 to 7.00 S»4.5* to 10.00 6 tt .7.08 to 8.50 7 75-.o % £111Number ReceiTiog£ 5 S2 I a ! 23 8 • §2 9 91 19 91 61 617 31 49!14 X64 183 13 IS3 2ti::::$189 $189 .189189ia»|.836250 to $252116 to 360 260 ....847 to 360 3031....116 to 209 257!....139 to 301 307 .236 to 236 :::£u2 302231 23!163 16) .346 346 •302176 to 295 260108 to 540 304134 to 478 343106 to 500 338153 to 306 2S2215 to 640 369306 to 357 342S44to 357 300176 to 431 878357 to 430, 393Number Receiving j .2I 5 2 3£ i : 56 10 43 a2 ..... .i 2. 1 BIIII5 1NoWorki 5 ' 1 S 1=3 5S Bs B J S- • S I S5 2i§! 253 .i 253 .— j : S5«p.....!....• 272J202301 .... 209 .2 25 83 107 21 3881124 29 6£ ... 26529 23 7 258... 306 .11 2722, 306 ,...... J06.1 .... 8701U..J 295as ja «s 1 i I% 543 §44 543 544 546 649 82 I 17' 402 15 7 665 SO 25, 3' 402 271I SO1! 61 18157, 1373 1032 154 324 23a; 32! 34j 37GOoS3CDH1 4m

Number reoeMng.Average.i Number receiving.Average.Number receiving.sAverage.s s gk'g s ssiss'skss sssssssslSSS £2 8 3823 *£££ 8g £ 2Range.Average.Under 18 00.I $8.00 to M.OO.I M 00 to 15.00.I I5C0 to IS.CO.16.00 to 17 00.$7.tOto»8 0U$8.00 to $10 00£5 «3o »4•10.00 and over.ft 2 8 lii ^ ISS o S SSS S SSSSSSSS S SSS Range.o oisM 2 *. : î| Under $100.00.|[•100.00 to $200.00.$aoo.eo to 1800.00.$800 00 to $400 00.1400.00 to $500.00.$500.00 and over.l ATe " g ' nuniberI Number of Individual!.S 8I Average number of days.++ m *+ v-»- »-ti I Number of individual!.S ft g 82S S S$S2SSSS «.»«.». | Ayerage number of day..601

TABLE 1.—COLLATED STATISTICS FROM FEMALE EMPLOYES—WORK AND WAGES-Continued.SUMMARY 3 -Wages and Regularity of Employment.OCC0PATIOHS.Suspender MakersStenographersSiines, LeatherTampersHeadersSlayersFittersPastersButtonhole Makers..Button SewersLining ClosersBattoners-Edge StitchersVamp Tapper*.......Heel Pasters.LinersPolishersMachine Operators..Lining Makers.Trimmfrs....FinishersNShoes, Robber, not e s•ified.... ....School Teachers..Shirt MakersI: 1 j 1ia 9.2...124 6.5li n.a,8 6.06 5.57 7.8:6 4.8i.7 7.4 .6 2.8.10 10.5 .5 a.a-..3 4.ri .3' 1.6..3 3.y;.4 as.6; 3.0 .ft 7.6 .3 ! 2.0.2 2.0.3i 483' 6.3 .22 6.7 .99 6.8.PERIODIC WAGE RATE—FULL TIME.Daily. Weekly. Monthly.12 16 003, 8 33t24i 6 7lj.i !X3 1O» :iifWEEKLY WAGES (REDUCED)—FDLL TIME.•3.00 to 17.00 16CO ...7.00 to 10.008 33 ....2.50 to 10.00 5 713.50 to 10.005.00 to 7.006 905 >b4.W to fc.Ottj 5 735.00 to 8.00 6 SO2.50 to 8.00 5 73.50 to 7.50 5 33.00 to 7.00 4 86.00 to 8.002.50 to 8.f«U 4 3)4.00 to r.oo4.W to. . . .l iYEARLY E\RN1NGS.Number ReceivingI Number Receiving3 , 8 33 3 . 3 §g se s s1J3 2,5 5a....; 4 5 1$152 to!357>266 ....329 to 460, 383 ....!j s90 to 408 242 2 41 1147 to 355 277 .... 31S6 t > 291 2-'8 ....I to'a'2i0 to 262i,H3 to 244 .3 1 I....111;l2 ....5 70 .......4 art'.-.. 1 -....6.00 to 6 504.00 to 8.U0 5 7a....3.75 to 4.50 4 203.50 to 8.W 6 9)....3.00 to 7.50 5 90...3.00 to 3.75 3 41 . ..4 00 to 5.50 4*1....2.50 to 9.00 5 15 i3 .1 ....1 ....3 ... -13...i 1 1-. .J....... '"'6 '.'.'.'. '."'.'.'.'.'1 ... .... I ....83 6 9«!... 3.2V to 8.64 5 98...., 1 -. £9 37 131 7IW 21*3900 7.00 to 9.75 9 17! j j 1 ..991 5 851 .. J I-M to 12.00 5 feoi 5' 11 17; 13 31 UI .I I ....3 ....i21....147 to153 to164 to90 to197 to164 to18** to12139 tolt>4 to139 to126 to1WJ to9% to2 a5 I §OUT OFEMPLOYMENT.8' 5«5|*t> 5 73-1\ 6 3uL6 75 -5 30 .4 I10 6 82 .6 430 .3 5 70 .3 4 50 .2 63a3 6 75 .3 4 SO .6 590 .5 5903 3 44 .2 4 81 .2? 5 15 .Sickness.•D i -"5NoWork.3 O ==- I I230 4 32221 1 9 1 3;... 291! 250261219281 .249177246211 .289182 .243176249 '.255172 .264248 ....140 ....256247156 to 39J; 254 .... 1 &:)' 22 ...ITS to 700; 370 .... 1 3 V6 352 to 612 271! 4 18 40 3«> 3253 46 24.524J 7 b84 152 202 603 72 122 702 211 121781 4I 31241 42 101120*"3 30107 47.512 498 1025 487 514 266 544 3310 485 ovi2 18'6 532 533 523 5*5 444 463 521 12... 28(1 35 10 32 232 18 i 3 3.4 20 7ii4 274 10 ! 8 82 25

8gSSoScco SSSoooSSSo So osI 2IIIOx^V

i©t£ v< »-»••*.*,•.«.-a | Total number reported.: ; t : : ; : ; : Nuaiber Teeeivi»g.!:Average.i I It. tf M^^^^Q^, 1 ^»«^reoelvlog.n t> 88SSS^S£SAverage.I Number receiving.Average.8 k23 &U> O I—'gggsssssSo?888Range.Average.Under 18 00.IM.00 to «i00.| MOOtotfi.00.| $6.00 to *6 00.118.00 io 17 00.i «?.QQ ta 18.00.{ »8.00 to $10.00.I $10.00 and over.I3 iM5i!14 8iii§.4SBSRange.2 3j AverHgo.I Under 1100.00.I 1300.00 to $800.00.$800.0(1 to $400 00.$600.00 and over.1 Average number of daye employed.I Number of individuals.1 Number of Individuals.Average number of tlay*.>ioavjasi811

TABLE 2.—COLLATED STATISTICS PROM FEMALE EMPLOYES—SOCIAL CONDITION, INCOMEAND COST OF LIVING.SUMMARY 1.— Conjugal and Home Conditions.INUMBEB OF INDIVIDUALS.OCCUPATIOHB.1O3oBook-keeper*211213Button Makers, Pearl635565Button Makers, I Tory117Box Maker*, Paper6759Box Makers, Cigar666Cotton Mills Operatives......Cigarette Photo. MakersCorset MakersClothing (Men's) OperativesCigar and Tobacco WorkersCompositors, PrintingCloth WearersCasket TrimmersCar Cleaners, RailroadDomestic Service344641582318912131294ISO311641561418712131283811 14i ! l12It151011308541611610611822241&4151161061

TABLE 2.—COLLATED STATISTICS FROM FEMALE EMPLOYES—SOCIAL CONDITION, INCOMEAND COST OP LIVING— Continued.SUMMARY 1—Conjugal and Home Conditions.NUMBER OF INDIVIDUALS.OCCUPATIONS.DressmakersElectric Lamp Workers - „Flax and Jate Worker*.,, ...Gingham Mills Operative*Glass WorkersGlore MakersHat (Men's) Operative*...... ,Hosiery Makers....-..- ................Knit Qoods Maker*., .Lamp Workers, Metal and GlassLaundry WorkersLaw Makers863166763641210182313510736661985657S212954931S49424523111131111111513113 :1 33 71g6513244si58 9142 14749 4954 549 16 69144 381 ..........227310>oaDOHSOLead Pencil Makers*Metal NoTeity Makers .46604658I123961752 6Mercantile Bfctabiisiunenta— miscellaneous employesSI492142 1

TABLE 2.—COLLATED STATISTICS FROM FEMALE EMPLOYES—SOCIAL CONDITION, INCOMEAND COST OF LIVING—Continued.SUMMARY 1—Conjugal and Home ConditionsNUMBER OF INDIVIDUALS.OCCUPATIONS.3oMilliners.Overseeing, Forewomen..Paper Makers, WallPen Makers ,Pottery Operatives.....Phonograph Maker*..........Bug MakersSilk Mills OperativesSewing Machine Factory Operatives..Sewing Machine OperatorsSaleswomenSo&pender MakersShoe Factory Operatives, LeatherShoe Factory Operatives, RubberSchool Teachers311114358301102830512124•0714231064019121116030111£a!S4105SO13623121261282111222934016278105162181772516163OJ

* * s?Illffjf.fiad08 8 S S 6 S 8Total number reported.£ 9 ft S 8 3BBingl*.£ B Koi! ! l ^te -a •-• oti'ay reut.Board.18 8 23 $ K'SLive vrlth parents orother*.Asslit other* fromwages.QNY noavq; ,911

TABLE 2 — COLLATED STATISTICS FROM FEMALE EMPLOYES —SOCIAL CONDITION, INCOMEAND COST OP LIVING—Continued.SUMMARY 2.—Rent and Board.REST PAID PEB MONTH.BOARD PAID PER WEEK.OCCUPATIONS.Book-keepenu....Button Maker*, Pearl.........Button Makers, I ToryBox Makers, PaperBox Makers, CigarCotton Mills OperatiresCigarette Photo MakersCorset MakersClothing (Men's) Operatives.Cigar and Tobacco Workers..Compositors, Print! ng.........Cloth Wearers.Casket Trimmer*...Car Cleaners, RailroadDomestic Serrioe.f289005 876003 25340s163331510112 803903003003503602833003 85 ....1XTTMBM PATH*©3oI s2g200410103op•HCO

TABLB 2,—{JO&LATBD STATISTICS PROM FEMALE EMPLOYES — SOCIAL CONDITION, INCOMEAND COST OP LIVING—Continued.SUMMARY 2.—Rent and Board.RENT PAID PEB MONTH.BOARD PAID PEB WEEK.OCCUPATIONS.2TF1CBXB PAYIHSNUMBKK PAYING332SDreasmakers...,...,..Electric Lamp Worker*Flax and Jute Worker* -GtBgb&sQ Mill* Oper*tlre*. -, ,Glass Worker*. ,G1OT« Maker*..,..Hai(Men'«) OperaUTMHosiery Maker*.... ^Knit Goodg Maker*•IS1*6 9L7 90o2S8 00930700a 413802 632 253663302 9415Ump Maker*, Met&I and &Ia*s...Laandry Worker*.Lace Maker*Lead Pencil Makers,Metal NoreUie* Makers.MercaJtffJe E*iabli»bmeDU—Ml»c Employe*..8 TO10 006 CO9 m133443003 503502 2&3 303 97121211I

TABLE 2.-COLLATED STATISTICS PROM FEMALE BMPLOTES — SOCIAL CONDITION, INCOMEAND COST OP LIVING-Continued.SXJMMABY 2.—Rent and Board.RENT PAID PER MONTH,BOARD PAID PER WEEK.OCCUPATIONMillinersOverseeing, ForewomenPaper Makers, WallPen MakersPottery Operative*Phonograph Makers.Rag Makers8Uk Mill Ope retire*Sewing Machine Factory Operative*...Sewing Machine OperatorsSaleswomenSuspender MakersShoe Factory Operatives, LeatherShoe Factory Operatives, Rubberflekool Teachers."I33 | 7 301 ! 6 002 7 60& 9408 0010 00NUMBXEPAYING2161o261262647821L39116$3 768 003363 973502 443653 003803003 002803308 60IWTTSIBXB PAYINGS213§313120447il24113j1! 3; oo

TABLE 2. — COLLATED STATISTICS FROM FEMALE EMPLOYES — SOCIAL CONDITION, INCOMEAND COST OF LIVINGh-Oontinued.^SUMMARY 2.—Rent and BoardRENT PAID PERMONTH.BOARD PAID PER WEEK.OCCUPATIONS.Shirt MakersThread Mills Ope ratlresTin Plate n p**mtWfm ,. Jx ...... .,Worsted Mills Operatlres.,Miscellatteoa*—29 occupations, not classifiedNumber reporting.6117Average.$10 00 ...9 00 ....9 006 71Under $5.NTKIU FAYINGi1 s56$10.00 and over.3IilI1!517913S2Under $3.00.$2 50 1 i3 263003602 503261%22§626108o1gI,!9$5.00 and over.1121I—iSo3en HTotal*.13717 17 «22958*$3 0312r . -19186318

l2 s Ifa B s 3Hi inwwoi S- c •; 5 3I 8 * * § S 0S &ilff f i3 ? : i i i^Number reporting.•a88888SgggSg8SSi8S 8 888588888888S888888888888Average Income.Total.Subilitenc«.Clothing.8 8 8 8 8 8 8 8 8 8 8 8 8Surplus.Debts.cmo5iiS MNumber reporting.8 8 8 8 8S g g gAverage amount.Under 1100.00.QOJS_B_« 81100.00 to *200.0Q.» ft s 8 w H 5!$300.00 to $3U0.00.$800.00 to $400.00.cc • E w$400.00 to »60000.$600.00 and over.8ISlONV

122 STATISTICS OF LABOR AND INDUSTRIES.i1•00009* olOO'OOM•00-008* OUO'OOS*S S3" S 8 35 £ 3 3 S3 *•3 $ 8 2S •S " " : :S| SB ss 3 t»« » S » MCD'SE 1SIH33s00gBJ3 Sa « I 8 33 S8 3 3 3 88 8 8 8 8 3 S 8 S 3 8 3 3 88 8 8 3 3 3 8 83 3 3 8 ? 8! o£88 8 8 3 8 8"g S 8 8 8 8 3 8$ g 8 3 3 3 3 8 8 8 3 3 3 3I|38JiMlI!

IB* 8g J S g g g * * s g » g S g g g888888888888Number reporting.Arerage income.888 8 8 8 8 8.8 .8 8ESSSSSSSIS'BSSS8_8 88888888S8S8g g g g g g g. S. 8 g g 8 S 88888888888888 8to • o»ToUl.Subvistenoe.Clothing.Other Items.Sarplui.QWOa;IINumber reporting.2 S 8 Sg 8 g §Avenge amount.Uoder MOO 00.•100.00 to *800.00.$200.00 to tSOO.OO.$800.00 to MC0.00.SoO$500 and orer.8STQKV

TABLE 2. —COLLATED STATISTICS PROM FEMALE EMPLOYES —SOCIAL CONDITION, INCOMEAND COST OF LIVING—Continued.SUMMARY 3.—Income, Expenditures, Savings.AVERAGE AMOUNT OF ANNUALEXPENDITURES.NUMBEREXPORTINGCLASSIFIED TOTAL EXPEND-ITURES.NUMBER ESPOBTtNG•-3OCCUPATIONS.Shoe Factory Operative*, LeatherBhoe Factory Operative*, RubberSchool TeachersShirt Makers.......Thread Mill OperativesTin Plate Operatives... « >.«...Underwear (Women**) Workers.Worsted Mill* Operative* .Wateb Factory Operatives. .....,..,..»..,„ ..Miscellaneous—39 occupations, not classifiedTotal13483as9963354 00370 0027100337 00I279 00354 00195 00IS 196 003,877 :501067691309 00350 00177 003500037000$147 00190 00340 00171001P2 00156 00157 00152 00176 00177 00$56 0054 0067 00n*1 5 00auO35 0047 0033 0033 0077 00; 36 00CO GO] 38 00 .73 00 28 00 .60 00 11 00! i516.8 U09 00j 2;77 CO18 108 00166 00.^46 00 417 >715.15231481g 1 8212316......3:SI 244 11257 00 $163 00 $59 00 $36 00 309 107 355 -$1*3 00 Mb Sffl 1,696 909 13830-17>1COH•25H»—iH* Inclusive of former years.

WOMAN'S WORK AND WAGES. 125TABLE 3.—COLLATED STATISTICS from FEMALE EMPLOYES—PIECE WORK.Cigarette Photographs.PlaoeofEmployment.Occupation.WagesperWeek.PriceReceivedfor thePiece.Constitutionof aPiece.Quantity Produced.Elizabeth; Cutting; photosI Cutting photoi$4 004 60i Gutting photosGutting photo*...», 4 004 6%Cutting ptaotoi5 (K)Gutting photos 540j Gutting photos 522Mounting photos 4 921 Mounting photon... 8 9tfMounting photos.., ' 450; Mounting photos.., I 540Silvering photos' 6 IM)060606W0606083388SB331,000 photos1,0001,000"'•1,000 "1,0001,000""1,000 «1,000 ••1,000 M1,000 «•1,000 "66,700 photos, per week.75,000 "66,700 "78,000 " "83,600 "M90,000 "87,000 " "14,875 "12,000 "13,625 "20,000 "Corsets.NewarkJoiningJoiningJoiningJoiningJoiningJoiningJoining.JoiningJoiningJomlugJoiningJoining ,CordingCordingCordingCordingCordingCordingCordingCordingPress hand...Prees hand.......Press handPress handPress hand...PresBhandPress hand .,Lace trimmingLace trimming ,Lace trim mlngLace trimming ,Operating on corset waists.()p«rattng on corset waists.Operating on corset waists.Operating on corset waists.Operating on cornet waists.Operating on cornet waists.Operating on corset waists.Operating on cornet waists.Operating on corset waists.Operating uti corset waists.Embroidering.Embroidering.Kmbrolderlug....Corset maker....,Corset maker....Corset maker.,..Corset maker....Corset maker....Corset maker....Corset maker....Steelmaker......Caging$4 404 506 U06 HO6 006 005 506 606 005 004 95fi 50fi 505 606 006 006 006 Hi6 006 006 756 606«J06 756 606HO6 006 5011 0010 004 006 00a bo5 004 764 (ida &o6 704 644 254 508 008 005 006 004 904 954 958 504805 006 505 0010 2020252020th25B0202054002084012110810(5542020203020602030U corsets..12 «la '•121213121212121212Viialala u30 1280 1216 14416 14416 14402 14416 14402 14415 14415 14403 120612U12121212121212W12gin121212121350 ; 144 pieces..07 loage..264 corsets per week270 "288 " '|300 "240264""•264it208240< «»297• «i830» »«1*9»

',126 STATISTICS OP LABOR AND INDUSTRIES.TABLE 3 —COLLATED STATISTICS from FEMALE EMPLOYES—PIECES WORK—Continued.Coreseta.PlaceofEmployment.Occupation.WageiperWeek.PriceReceivedfor thePiece.Constitutionof aPiece.Quantity Produced.Newarkt,,

WOMAN'S WORK AND WAGES. 127TABLE 3.—COLLATED STATISTICS from FEMALE EMPLOYES—PIECE WORK—ContinuedCotton Goods.Quantity Produced.Millvllle.. Speeder tender ,Speeder tenderSpeeder tenderSpeeder tender,....,.....,...Speeder tenderSpeeder tenderSpeeder tender....Speeder tender....Speeder tender$6 179 207 307 128 008 »S9868867 60Sewer *8 00Sewer . ...! 6 00Sewer | 6 40Bleaching*0 113* 1 hank of jam.. 46 hanki per week.Ufc 1*i 00 | 1,000 outs cloth.. i 4 cuti per week.SO ! 100 " 80 " ••20 100 «• 182 "Eleotrio Lamps.Tapping carbons $6 43Tapping carbons j 6 88Tapping oarbons 6 06Tapping carbons7 IBTapping carbons... 6 00Tapping oarbons 6 77Tapping oarbons 4 65Tapping carboo* 1086Tapping carbons i 6 06Tapping carbons. I 6 33Tapping oarbons | 7 81Sealing in carbons 4 07Sealing In carbon* I 8 61Sealing in carbons | 4 60Sealing in carbons 6 09SealingJ»carbon* .... SSISealing in carbons...., & 42Scaling in carbons 4 24l Sftaimgln carbons 8 66| Pulling on aarbons & 29Putting on carbons, 6 48j Putting on carbons 6 06Putting on carbons 4 71Puttingon carboha 4 84I Pulling on carbons 6 76i ReflnlniK fibre 4 87Kerltitng fibre 4 44Rtifinliig fibre 6 32Refining fibre,.., ., 6 90Refining fibre 6 90Refining fibre 8 40| Rpliulng fibre................. 4 64| Running fibre 8 91j Refluing fibre I 6 82! Testfng carbon* / 4 41I Testing carbons ; 6 78I Testing carbons 8 87Testing carbons 4 90Working on wires 6 06Working on wir«s . 6 19Testing and cleaning lamps .. & 96Testing and cleaning lamps .. 6 68Testing and cleaning lump* .. 6 07Plunlngfibre.. i 4 44Planliigfibre 8 89Piaof tig fibre 6 44Planlngflbre I 4 34PianJnflflbre ; 8 88Planlngfibre 4 98Socketing lamps »...' 7 17$0 80 100 carbons... 2,712 carbons per week.SO | 1002,940 "20 100 " 3,08020 1008,68820 I 100 '« 3,60020 100 " 8,88420 100!a,2741SO 100 " 6,43420 100 " 8,08020 1002,68420 10(18,t56420 1002,08420 1U0 " 1,80620 1009.26020 ; 100 " 2,64420 i 1002,66720 I 100 " 2,71220 100 " 2,11812

128 STATISTICS OF LABOR AND INDUSTRIES.TABLE 3.—COLLATED STATISTICS from FEMALE EMPLOYES—PIECE WORK—Continued.Electric Lamps.PlaceofEmployment.Occupation.perWeek.Socketing lamps *6 83Socketing lamps 7 28Socketing lamp*,.., ..... fi (54Socketing Inmpii 4 95Socketing lamps 8 10Socketing lamps 6 79Cutting «arbons..... , 4 66Cutting carbons. | 4 90Wrapping bulbs ; 6 05Unwrapping bulbs 8 88Testing lamps ; 6 86Splitting fibre j 8 74Splitting fibre 2 97Splitting fibre 8 30Splitting libra, first splitter....' 4 84Pressing tissue paper j 5 89Pressing tlMiie paper J 6 80Prftsslng tissue paper 6 88Cutting carbons I 4 20Cutting carbons 4 90FlUing-ln getterI 4 OSCleaning bulb*-.....,........*> 8 87PriceConstitutionReceivedof*Quantity Produced.for thePiece.Piece.$0 10 100 lamps.... 6,880 lamps par week.10 100 "7,280 * r10 100 "6,64010 100 "4,96010 100 "8,100 "10 100 "6,79018 1,000 carbons.. 86,880 carbons18 1,000 '• 87,738• 01 76 bulbs...,, 26,248 bulbs12 1,000 "05 100 lamps 18,720 lamps07 1,000 fibres.... 68,484 fibres07 1,000 "48,474 "07 1,00047,19009 1,000 817,008 "01.' 1 pound..., 893 poundsI464 "14361,000 carbons.. 82,840 carbons1,00037,7*8 ••1,00086.802 "76 bulbs,... 6,881 bulbsGinghama.Camden..Gingham wearer.....»6 00Gingham weaver.....Gingham wearer......8 COGingham weaver6 00Gingham wearer 6 00Gingham wearer6(H)Gingham wearer7 00Gingham wearer,4 00Gingham weaver 4 80Ginghamwearer...,........,,! 6 00Winder , 4 50Winder 6 00Drawer-ln4 00Dr&wer-ln6 00Skein winder6 5Skein winder 6 006tf666666666603083448 "48 "48 "48 "48 "48 "48 "48 "1 pound..1 warp...6 50 I 01 to02j«, 1 pound..Hat Trimming:.9 pieces perweek.16 "p •* '*9 '•11 "18 " •«7 to 8 "35 pounds per day.38 "17 warps per week.60 pounds per day.40 to 60 pounds per day.Newark. Hat trimming.. |9 00Hat trimming 6 00Hat trimming 6 6«Hat trimming 6 00Hattrimming | 7 00Hattrlmmlng 7 00Hat trimming................J 8 00Hat trl naming H 00Hat trl naming 7 00Hat trl mining 6 00Hat trl mraln m 7 00Hat trimming 12 00Hattrimmtng 6 00Hat trimming6COHattrlraming , 6 00Hattrimming ' 8 00Hattrimming , 9 00Hattrimming 10 00Hattrimming 8 00Hattrimming ; 10 00$0 604212 lmts12 J|12121212121212121212 •12 '12 '12 '12 '12 '18 '48 12 '42761 266084421 0026 601 266080601 0060100216 hats per week.148 " "68 "171 " ••112 " "67 ••160 "200728868886814424019210824096386

WOMAN'S WORK AND WAGES. 129TABLE 3.—COLLATED STATISTICS from FEJMALE EMPLOYES—PIECE WORK—Continued.Hat Trimming.PlaceofEmployment.Occupation.WagesperWeek.PriceReceivedfor thePiece.Constitutionof aPiece.tjuaiitity ProducedNewark.Hat trimming.Hat trimming.Hat trimming-Hat trimming.Hat trimming.Hat trimming.Hat trimming.Hat trimmingHat trimming.Hat trimming.Hat trimming.Hat trimming.Hat trimming.Hat trimming.Hat trimmingBinding ,$8 008 0010 007 007 00800U 0012 0014 0010 0016 0016 0016 0016 009 0020 00$0 8440501 005084501 00 801 001 00 503 001 00 8406IS hiitSIS

130 •STATISTICS OF LABOR AND INDUSTRIES.TABLE 3—COLLATED STATISTICS from FEMALE EMPLOYES—PIECE WORK—Continued.Shirts.PlftO©ofEmployment.Occupation.WagesWeek.PriceReceivedfor thePiece.Constitutionof aPiece.Quantity Produced.Elizabeth.......Paterson,.Shirt joining *6 40SUtrt joining 6 60Hhlrt operative 4 60Shirt joining 6 60Shirt joining...5 50Shirt operative,6 00Shirt Joining,..6 00Shirt joining ..6 60Shirt operative6 60Shin buttom...6 00Shirt operative5 00Shirt operative6 00Shirt operative,4 60Shirt operative.4 50Shirt operative4 80Shirt joining. 6 60OL.1-A Shirt *_-.~_A*~ operative* ft. 6 40 At\Shirt operatWe6 60Shirt operative600Shirt joining4 80Shirt operative6 50Shirt buttonholesl'J 60Shirt operative6 00Shirt operative6 00Shirt buttonholes7 00Shir* operative6 00Shirt operative7 60Shirt joining4 66Shirt operative .6 40Shirt joiningH 90Shirt buttonholes6 50ghtrt yoke and neckband 760•0 08H251)7101005108"08082080180928100280 W1886*071607122419 shirts19 "12 bodies12 shirts12 "12 pairs sleeves.12 shirts4

WOMAN'S WORK AND WAGES. 131TABLE 3.—COLLATED STATISTICS from FEMALE EMPLOYES—PIECE WORK—Continued.Shoes (leather).PJRceofEmployment.Occupation.WageiperWeak.PriceReceivedfor thePiece.Constitutionof aPiece.Quantity Produced.NewarkNew Brunswick.NewarkVampingVamping..VampingTampingVampiagVamping.Sawing ButtonsPasting heels$6 007 (J(J8 00600BOO7608 006 00$0 60I 30601 20603(11608K60 pain60 "60 "00 "60 "60 "60 "1 block ,720 pain per week.860 "960800""u7301,600 "8,300 "171 pieces "Silk Goods.Jersey City Winder $10 00Paterson Winder 6 00•• VftrnVBT.. 6 60Jersey City Weaver 6 00Hoboken t Weaver 6 00I Weaver ; 6 00Paterson \ Weaver 6 00Jersey City Weaver 6 00Paterson i Weaver I 7 60Hobokmi Weaver 7 00" Weaver 6 00WeaverH 00Weaver7 00Paterson ........Weaver7 00Hoboktm , WWeaver6 00Paturson i Weaver 7 20Hoboken i Weaver.. 7 60" i Weaver.. I 6 00Paterson i Weaver 8 00Wearer I 9 0044Weaver 10 00Hoboken Weaver 8 (JOPaterson 'Weaver., 8 U0Iloboken Weaver 6 00Weaver H 00Weaver 7 00Weaver 7 00Paternon. Weaver 1(100Hoboken Weaver 7 00Weaver 6 00Paterson Weaver 11 dOWeaver H 00Hoboken Weaver 6 COWeaver 7 00Paterson Weaver 6 00" Picker 8 00" Picker 7 60Picker 10 00Hob.jken Picker 6 00Union Hill Warper 10 00Hoboken Winder 6 00Paterson Winder 7 50Iloboken Winder 6 00" Winder 6 00Paterson Winder 7 00Hoboken Winder 6 00" Winder 10 00Winder 7 00Pateraon Winder 9 00lHoboken WindnrR 0044Winder 8 0044Winder ....j 8 0044Winder i 8 00Paterson • Winder ' 9 60Winder 7 0Winder7 (H)Hoboken Winder 8 006o to 12oI2o$5-005c6c and 8c6o and 7c60c, 70c5oand 6c$3.027o and 8ctic and 7cKo,10c6a and go1 pound 14 to 33 pounds per day.1 " 8 to 10 "60 yards 65 yards per week.1 yard..1I dot hdkfs..., 11 yard60and 65 yards.,lyard1 "1 ". Idoz.hdkfs....,6c and 7o lyard ,$7.20 40 yards1 7c, lie I 1 yard6c and 6c 1 "5c to lie I 60 yards 90 "?8 to 123 ; bO to 100 yard* .. iw -1001201001 to 2 doz per day.100 yards per week.124 " "100 "100 " "100 " "110 "1 to 2 dozena per day.108 yards per week.40 " "86 "120 "7c to 86c 60 yardstic and 7c, 1 yard$1.60 1 dozen 1 dozen per day6c and 6c 1 yard 110 yards per week.7c to 9c * "6c to 8c7c to 8c6c to 8c7c to 85clie6c and 8cfie and 7c6c01kj to 0lJ>$01J46 to 2610 to 166 to 26& to 12106 to 256 to 265 to 2612 to 206 to 256 to 266 to 126 to 1212 to 1710 to 166 to 12g«•yardI "1 "10 yards ribbon1(> '•10 " "lyard100 yds, 100 ende1 pound1 "I1 «'1I11I "1 "1111"

132 STATISTICS OF LABOR AND INDUSTRIES.TABLE 3,—COLLATED STATISTICS from FEMALE EMPLOYES—PIECE WORK—Continued.MiscellaneousPlaceofEmployment.Occupation.PriceWages 'Receivedperfor theWeek. •Piece.Constitutionof aPiece.Quantity Produced.VlnelandNewark^

WOMEN'S WORK AND WAGES. 133TABLE 3.—COLLATED STATISTICS from FEMALE EMPLOYES—PIECE WORK-Oonttnued.Miscellaneous,PlaceofEmployment.Newark .Elizabeth..New BruatwtQk.Oocupatlon.Phonograph!, polishing?,wax oylinden ,.)Phonograph!, polishing/sapphiresj\ Phonographs, polishing/I sapphires {(Rubber garments, operat-?\ ing on machine )^Rubber garments, operateI Ing on machine \\ Rubber garments, operat-J') ing on machine (SRubber garments, operat-/( ing on machine .....).; Thread winderThread winderTypesetting.,Typesetting.\ Typesett' Typesetting,I Typesettingi Typesetting,I Typesetting..I Typesetting..1 Typesetting..WagesperWeek.$6 508008 008608 008 00b 009 008004 003 00H 504 004 00000760650PriceRecelredthePiece.960505SO36253013,1418,14303536SO3585 35Constitutionof aPleoe.144 cylinders...1 sapphire...1 "I garment,..11118 hanks18[,000 ems1,0001,000 '1,000 •1,000 •1,000 '1,000 1,000 ''{or*0Quantiiy Produced.1,152 cylinders per week.160 sapphires per week.160 '« •' '43'garments per w«ek.81 " "8217 '• "10 to 16 parcels per day.8 to 14 " "20,000 ems per week.> it12,000 '< •«17,600 '16,000 '< ««20,00024,000 4 1 H1 n30,000 '26,000

STATISTICS OF LABOR AND INDUSTRIES.TABLE 4—ESTABLISHMENTS —WORK TIME AND WAGES.NUMBER OF DAYSESTABLISHMENT IN OPERATION PROMJUNE J, 1S92, TO JUNE 1, 1893.NATURE OF BUSINESS.iiCorsetsWaists..H04BOB304806Silk RibbonsSilk RibbonsSilk RtbbomBilk Dress Goods..Broad 8hk8088958188088t68082702888088061H28I Pearl Buttons..Pearl Buttons..I Ivory Buttons..i Pearl Buttons..102807102102101011814Fancy Dress Goods, Saddlery and Harness Trimmings..800aoo800226181315' Wall Paper8122351617Paper Boxes...Paper Boxes...3188138138131819SO2138Soft Fur Hats.Soft Fur Hats.Shoes.,Shoes..Shoes.,310296800270240200270554033Rubber Boots and Shoes24Mechanical Rubber Goods80026Sewing Machines.,26Book Binding806*7Purse Bag and Pocket Books..300U0038Knit Underwear8119fi4S9Gingham Goods86880880Hjdraulio Hose80780781Fancy Woolen Yarns80883Pine Worsted Yarn*....39788Un87Electroplating -M>.ta( Goods Nbveftfe*Canned Goods..Oanned Goods..Stamping Patterns and Fancy Articles...812200806276266812200Children'* Clothing800Clothing, Custom Wore248Cigars.Cigars.807888

• (WOMAN'S WORK AND WAGES. 135TABLE 4—ESTABLISHMENTS —WORK TIME AND WAGES.(Continued)HOURS OF DAILY LABOR.sa9101010101010101010101010101010101010IQ1010910iox1010*10101010109101010910101010101010101010101010101010101010101091010%10IOM10101010109101010toao910 510 510 510 610 fiHi 510 510 910 610 10 510 510 910 1010 510 610 51010 510 1010 610 510 610 6mi 8*10 610* fi10 510 610 910 610 99 510 910 510 6

136 STATISTICS OP LABOR AND INDUSTRIES.TABLE 4 — ESTABLISHMENTS — WORK TIME AND WAGES.(Continued )RANGE OF WAUES PER WEEK.NATURE OF BUSINESS.Corsets....Waists .Silk..Bilk RibbonsSilk Ribbons ,Silk Ribbons ,Silk Dress (lood*..Broad Silk ,Pearl Buttons.,Pearl Button*.,Ivory Buttons.,fearl Buttons.,Fancy Dress GoodsSaddlery and Harness Trimmings...Wall PaperPaper Boxes ...Paper Boxes ...Soft Pur Hats..Soft Fur Hats..Shoes..Shoes..Shoes.,Rubber Boots and ShoesMeohanloal Rubber Gv)ods ,Sewing machines ,Book BindingPurse Bag and Pocket Books..,Knit UnderwearGingham GoodsHydraulic HoseFancy Woolen YarnsFine Worsted YarnsElectro Plating ,Metal Goods NoveltiesCanned Goods...Canned Goods...Stamping Patterns and Fancy A rHoles.Children's Clothing...,Clothing, OuMtom WorkCigars.Cigars.$16.00 toU8.006.60 to 9.6010.00 to 16.0012.00 to 20.006.60 to 18.007.10 to 20.0013.00 to 35.007.50 to ».6O12.00 tomoo9.00 to0.00 to14.50fl.Ofl to14.8813.43 to34.004.60 to6.00 tn 16.009.00 to 16 008.00 to 26.0010.00 to 83.007.00 lo10.00 to9.00 to6.00 to6.00 to8.00 to5.00 to6.00 to8.60 to9.00 to8.00 to10,00 to7.36 to7.00 to9.00 to9.00 to6.00 to18.0B16.0018.00«0.0()16.0018.0016.0013.0018.0016.0018.0026.0016.0016.0015.0030.0030.0030.0018.0010.00 to 17.0010,00 to 80.0010.00 to 16.00$6.00 to3.76 to4.60 to4.00 to8.60 to7.006.00 lo6.01 to6.00 to8.50 to6.10 to8.00 to5.00 lo3.00 to8.00 to7.000.00 to5.006.00 to8.50 to4,00 to5.00 to4.80 to6.00 to6.004.50 to12.006.00 to5.00 to4.50 to8.00 to4.00 tofi.Otf8.00 to5.00 to$6.70 ' $3.198.86 !8.60 to 8.00 !1M to 12.00 ' 8.005.60 to 18.00 ! 6.6 to 4.006.608.003.00 to 4.004.806.008.00 to 6.008.008.00 to 460

WOMAN'S WORK AND WAGES. 137TABLE 4 — ESTABLISHMENTS — WORK TIME AND WAGES.(Continued.)WEEKLY WAGES OF WOMEN.i8030020289491443•6 708 86800ia oo18 0011 0010 0011 806 006607 00•6 066 606507 008 0010 009 009004604 0015 806368 607 006607 608 008 46t&OO6 006607 007 60iIt 66400 1 18 96600 i...., !..6 60 ! 7 1 6 00 L•2 7610 008057007 5080018 0010 0016 007 007006 0060S6 006 007 0016 006 0010 006006 0014 0086966019 00 94. 8 00i,19 6 001861 6.00 underlj 6 506 6.00 to 10.0019 009 008506.00 to8005 604.00 to 6.0010 006 67008604 008 006006006006366 00600480500I88 6.60 to 6.004.50 to 6.00l! 19 004; 18 71lOt 7 5016 4.60 to 9.0080060060090015 00107856006006 004 007961.00 to 7.603 8 00941 5.00 to 9.0019 6 00

138 STATISTICS OF LABOR AND INDUSTRIESTABLE 4.—ESTABLISHMENTS—WORK(Continued.)TIME AND WAGES.NUMBER OK DAYSESTABLISHMENTS IN OPERATION PROMJUNE ls 1892, TO JUNE I, 1888.NATURE OF BUBINESS.424gSteam LaundrySteam Laundry818818818818454647Medicated P\art«B.Hemstitching WorkPottery, Sanitary...Tile800106126800806

WOMEN'S WORK AND WAGES. 189TABLE 4,—ESTABLISHMENTS—WOBK TIME AND WAGES.(Continued.)HOURS OF DAILY LABOR.NUMBER EMPLOYED,WHEN W4GES AREPAID.110109109aIO'*id9109§i1010109109I§41058&6i*g546116084d|151515076012aVJaO741515WeeklyWeekijBi-WeeklyWeeklyWeeklyWeekly

140STATISTICS OF LABOR AND INDUSTRIES.TABLE 4.-BSTABLISHMENTS--WORK TIME AND WAGES.(Oontinued)Staam Laundry....Steam Laundry ....Medicated PlaitenHemstitching WorkPottery, Sanitary ..Tile

WOMEN'S WORK AND WAGES. 141TABLE 4.—ESTABLISHMENTS—WORK TIME AND WAGES.(Continued.)WEEKLY WAGES OF WOMEN.*111 0011 006 006 0014s4027 00 267 60 , 6$10 609fiO6504 606 00600I18 008 005 003 60$7 60660•7 00ft 001iji1 »« 0.1 46016 00

PART V.Co-operative Building andLoan Associations ofNew Jersey.(143)

PART V.Co-operative Building and LoanAssociations of New Jersey.The report of the Bureau for 1892 gave the number of associationsia existence in this State, near the close of that year, at291. Of these, 7 have dropped out since then, aud 14 newassociations have begun operations, making the number enumeratedin the present, 1893, report, 298. This latter numberincludes three associations from which no returns have beenreceived :Trenton, People's,New Brunswick, People's.Paterson, Iron and Silk.In case of the latter two associations, statements were promisedby the respective secretaries, after several reminders, but failedfor some reason to materialize. From the Trenton association'sofficials the Bureau has had no information. As was stated inthe last report, this association was incorporated in the Mercercounty clerk's office in 1890, but has no office in Trenton atpresent, and, practically, is but a branch of a national, of thesame name, located at Geneva, N. Y.The new incorporations, up to the end of June, 1893, whichhave started operations during the year, are, with date of incorporation:Bergen county—Building and Loan Association, Fort Lee,December 27th, 1892; Building and Loan, Bogota, March 31st,1893; Saddle River Township Building and Loan, Fairlawn, May1st, 1893; Progressive Building and Loan, Hillsdale, May 1st,1893.(145)

146 STATISTICS OF LABOR AND INDUSTRIES.Caraden county—Eastern Union, Camden, February 26th,1893. This is a so-called national.Cumberland county—Columbian Perpetuul, Millville, October19th, 1892.Essex county—Beneficial, March 18th, 1893 ; Court House,June 23d, 1803; Improved, April 12th, 18.93: ami the MutualLand and Home, which was incorporated in January, 1892, butdid not go into operation until December, 1898. All these associationsare located in Newark.Mercer county—People's, Hopewell, March 18th, 1893.Middlesex county—Citizens', December 22d, 1892 ; and PerthAmboy, October 20th, 1892. Both in Perth Amboy.Union county—Garwood Building and Loan Association,Garwood, November 24th, 1892.The following associations were incorporated during the pastyear, but have not been organized for business :Cape May county—Avalon Home Builders, Avalon borough,February 1st, 1893.Cumberland county—Farmers' and Tradesmen's, Vineland,June 2d, 1893.Essex county—Columbia, Newark, May 18th, 1893.Hudson county—No Interest, Jersey City, May 18th, 1893.Middlesex county—Fidelity, New Brunswick, April 15th,1893.Union county—Mutual Land and Building Syndicate, Lorraine,June 1st, 1893.Of the old associations which have ceased to exist, there werefour terminating, or one-series concerns, whose shares reachedtheir matured value :Fieldsboro, Burlington county, Building and Loan.Flemington, Hunterdon county, Building and Loan, No. 3.Perth Amboy, Middlesex county, Workingman's.Raritan, Somerset county, Building and Loan.The Fidelity, of Camden; Progressive, a colored men's associationof Newark, and Aldene, of Jersey City, all serials, haveclosed up business. No reasons for such a course have beenreported. The American, of New Brunswick, a terminatingassociation, ceased to receive installment dues in June, and is(•xpected to be wound up in the course of the year.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 147The net increase in the number of associations during the yearhas been 7. Of the 19 new associations incorporated, 13 havebegun operations, in addition to one incorporated in 1892. Inthe latter year there were 37 new incorporations, 27 of whichare now in existence. In 1892 there were 11 old associationswhich dropped out, including the winding up of 2 terminatingconcerns. In 1893, the number was 7, including 4 terminatingassociations which matured their shares. The comparative statement,by localities, of the number of associations in existence in1892 and 1893, and of the new associations incorporated and inoperation in 1893, follows on page 148.All the statements of reporting associations are tabulated inthe detailed tables below, NOB. 2, 3 and 4. In case of two of thenon-reporting associations, the totals for 1892 have been usedfor the summaries; the Trenton People's has not been included.Of the 295 associations from which statements have beenreceived, those from 77 were either entirely unverified or onlyincompletely verified—a fact noted in the foot-notes to Table 2.In 1892 there were 51 secretaries who failed to comply with thelegislative requirement to send in returns verified by both treasurerand auditors. These unverified returns include those frommost of the newly-incorporated associations, from which, generallynot yet being a year in operation, strict and full reportshardly can be expected. But with the larger number of theolder associations this failure to have the statements to theBureau duly sworn to is due to carelessness or negligence of thesecretaries. The office frequently has requests for the financialstanding of particular associations, but invaribly refuses to giveother information than is contained in the detailed tables of theannual reports, where all the data received are compiled. It is,therefore, to the interest of the associations to have their officialstatements legally verified. It is to the interest, also, of theshareholders of the respective associations to insist that auditorsmake a bona fide audit, and that the results are attested as thelaw prescribes.The 14 new associations of 1893 comprise one " homestead/'the Mutual Land and Home, of Newark, about which more issaid under "Statements" below; 2 other terminating; 4 perpetual,that is, where each Bhare or block of shares virtually con-

148 STATISTICS OF LABOR AND INDUSTRIES.LQCATIOS,Atlantic countyAtlantic CityHam m on tonBergen countyBurlington county....BurlingtonMount HollyCamden countyCamden ,Gloucester CityCape May countyCumberland county.BridgetonMilmlleE«*ex countyNewarkGloucester county....Hudson countyJersey CityBayonneHobokenHunterdon county...Mercer countyTrentonMiddlesex county.. .New BrunswickPerth AmboyMonmouth county...Morris county.........Ocean countyPaêaic countyPatersonPassaicSalem countySomerset county.....ftuHsex countyUnion countyElizabethPlainfleldWarren county..incorporated in 1892TOTAL IN OPERATION.1893.83'22017233121287246562749 3831284188fi311814a34I17o22Total.... f298 I1892.832ltt18238121 286236-24975030H13741784i)1181438f>1IB92291* Terminating t Including the Trenton national, is above noted.\ Including four terminating.NEWASSOCIATIONS,I&8a©o19 I J1-4*1*l•i"*1% Inclusive of one

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 149Btitutes a series, and 7 serial. Of the latter, the Eastern Union,of Camden, is one of the national associations incorporated inNew Jersey but doing the bulk of business outside.The nationals generally work under the perpetual plan, but ofthose incorporated in this State there are 3 serials and only 2perpetuals. One of the two State associations is a serial, theother a perpetual. As will be noticed from the summary tablefollowing, on page 150, the totals for 1893 show 268 serials, 23terminating and 17 perpetual associations. The latter have beengradually increasing in number since 1886, when there were but3 in this State; while terminating concerns, comprising 28of the 163 associations in operation that "year, and a larger proportionbefore that period, appear to be becoming smaller actuallyas well as relatively.There are no foreign nationals lawfully doing business in thisState, none having complied with the provisions of the act of1890, which requires a deposit of $30,000, with the Bank Departnient, of cash or approved securities. How far illegitimate operationsare here conducted the Bureau has no authentic information.The nationals incorporated or re-incorporated in this State underour building and loan association law number now 5, exdusive ofthe two " State " associations, the State Mutual, of Camden, andthe New Jersey Building Loan and Investment Company, ofTrenton. These latter do business entirely within the State, orgauiztngbranches in the different localities, while the nationalshave but a fraction of their business in New Jersey. Thenationals are :Eastern Union, Camden.Mutual Guarantee, Camden.Chosen Friends' Home, Newark.People's, Trenton.*Mutual Land and Building Syndicate, Jersey City.This number is exclusive of any which may have been incorporatedsince June, 1893, to which date the Bureau's records onlyextend. Neither does the list given include the Avalon CityBuilding and Lpan Association, incorporated in Cape May countyin 1889, but transacting its business mainly in Philadelphia, Pa.,* No information.

1892. 1891. 1890. 1888COUNTIES.*Atlantic.Bergen.Burlington.Camden..CamdenCape May.Cumberland .EssexNewark ....Gloucester.Hudson. .Jersey City..HobokeaHunteidon.Mercer.Trenton..Middlesex .New Brunswick..Perth AmboyMOD mouth .Morris.Ocean.PassaicPassaic.SalemSomersetUnionElizabethWarrenTotal 17 1254 24 13 |236 27 12 ! 220 30 7 185 I 28* City tot*lt included in county totals.§I 2!

OO-OPERATIVR BUILDING AND LOAN ASSOCIATIONS. 151where the office is located, it does not appear to have any of thenational characteristics, however. In two cases of the nationalsnamed above, the New Jersey office seems to be merely nominal.All such enterprises have one general or chief office, and branches,or subdivisions, in all localities where there is a prospect of doingbusiness. These branches are managed by agents, usually workingunder commissions on business secured. The Bame methodis pursued by the State associations mentioned above. Therecan, of course, be little of co-operation in such a system; and itis a serious query, therefore, whether our present legislation evercontemplated this extension of the building and loan effort, andwhether it can be safely done under it. Outside of these objections,however, the plan has some good features, and could btfmade of real advantage under proper legislative restrictions.Statistically these associations disturb the symmetry of thetables. Their data are tabulated under the counties in whichthey have been incorporated, which is the only practicablemethod; but in reality their business is transacted all over theState, and, in case of the nationals, largely outside of the State,as observed. The latter, with one exception, are, as yet, comparativelyinsignificant; but the tabulations of the two u State "associations make the totals of the various items for the respectivecounties, in which the principal offices are located, considerablylarger than they should be, especially in the sum of theshares. The branch counties are not credited with the businesswhich really belongs to them. The State Mutual, of Camden,and the New Jersey Association, of Trenton, are reported eachto have in the neighborhood of 100 branches scattered throughoutthe State. The total number of shares outstanding is 17,811and 19,976, respectively, which appear under the Camden andMercer totals. But this is of no practical moment, as the businessall belongs in the State, which is the case with only aboutone-seventh of the transactions of the nationals. The fournationals reporting had 27,529 shares outstanding, with $248,712in net assets. The Avalon City Association, referred to above,largely composed of Philadelphian membership, may increasethese figures on towards $283,089 in assets and 28,394 shares.Three of these associations, only, reported the number of sharesowned by New Jersey shareholders :

152 STATISTICS OF LABOR AND INDUSTRIES.NetAssets.Eastern Union, Camden $11,247Mutual Guarantee, Camden 168,751Chosen Friends, Newark 64,871TotalShares.1,75421,3623,221New JerseyShates.' 2932,668816Total $244,869 26,337 3,786Taking this as a basis of calculation it is estimated that the 5associations in question have 2,700 foreign or non-resident shareholdersholding 24,500 shares, valued at $242,000, and 200 borrowerswith 2,000 pledged shares.* To this extent the figuresgiven below will have to be modified if stricly New Jersey dataof the 297 associations tabulated are to be taken into accountonly. Outside of this, it is probable that any further transactionsbeyond the State by our other associations are more than counterbalancedby the interests held in them by shareholders whoreside in the border States of Pennsylvania and New York.fThe usual comparative summary of principal data of the NewJersey associations in operation during the past four years, asreported, is given below. In cases, where from a few of theassociations one or more of the items were not forthcoming, themissing figures have been calculated on the basis of the returnsfrom the other reporting associations. Except where otherwisenoted, this method has been followed in all the succeeding summaries;this, owing to the large totals involved even for the separatelocalities as well as to the comparatively insignificantamount of missing information, is practically liable to inappreciableerror. It must, however, be remembered that the statementsof the different associations are for their respective fiscalyears only, the close of which rahges from the beginning to theend of the calendar year. This, as a matter of fact, brings themean near to the close of the State fiscal year, and the figures,therefore, may be considered approximately correct for statisticalpurposes generally. But they only to a slight degree indicate theeflects of the current business depression, which had not yet been*Exclaaive of the Trenton People's Association, national, not tabulated forreason stated above.fit appears from Summary 15, below, that 15 associations either loan orsend money outside of the State. Of these only 10 are strictly local associationând not all of these had outside transactions during the year.

\CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 153felt at the date of the bulk of the associational reports, on whichthe statements to the Bureau for the current year are based. Sofar as the tabular totals below, as a whole, are concerned, theonly evidence of the panic seems to be in the lower percentage ofincrease in the number of shares issued and in the increased cancollationrate. This tendency was more marked in particularlocalities and, especially, a&sociations, whose fiscal years closed inthe fall or after. As will be noticed in the summary followingthere has been no actual decrease in the main items of numberof outstanding shares, shares pledged, shareholders and borrowers,or in the amount of net assets, but the absolute increase hasnot kept up with the rate of the preceding years. The aggregateshere reproduced are given in detail by associations andlocalities in Summaries 6 to 8 and Tables 2 and 4 below. Thedata take in only those associations in active operation at theclose of the year, and do not include associations organized afterJune, 1893.1893189218911890YEAR.Increase—1892-3 ..1891 2..1S90-1Average—1893...1892....ISO!1890....J29#2751125771(5181ao2 8•ca»2.0991 7751 5391 339324236200746.165634,163.571 66551877437,77362,49852 88881 0042,1351,9711,9141,723T3HI.a173 767153 81313162011198719 95422,19819,633585529486431'o•s93 S8987 76278,72>71,7266,1279.0376,9993162992U0283i22 910|33 836,48721 752 29 9h9.76719 255 26 606.37310 t»64 22.048 8921,1582,4972,391787571663.846,7204 3h3,3943,562,481116,958103,41394,45291,039* Exclusive of perpetual and inclusive of terminating associations.f Data for 297 associations ; from one Trenton national no information.X Data for 200 associations, one new association, Camden, not having begun operations tillDecember.

154 STATISTICS OF LABOR AND INDUSTRIES.In 1892 the rate per cent, increase over the previous yearwas: In the number of associations, 6; aggregate shares outstanding,10; pledged shares, 15; shareholders, 11; borrowers,12; net assets, 16. For the current year these rates have been :In number of associations, 8; shares outstanding, 11; pledged,13; shareholders, 7; borrowers, 6, and net assets, 14.The report of the Commissioner of Banking and Insurance forthe year ending January let, 1894, gives the total resourcesof our 25 savings banks in active operation to have been$37,729,102, of which $34,266,298 was due to depositors, asagainst $30,776,787 and $36,488,246, respectively, for the previousyear, showing the marked effects of the financial disturbanceson deposits. The number of depositors at the end of1893 was 137,897; of 1892, 140,772. The reports of the trustcompanies, on the other hand, at the close of business, December30th, 1893, exhibited an increase of depositors and in depositsfor the year, when there was due the 28,670 depositors the sumof $9,997,963.With the rise of nationals and kindred schemes has come theidea of " paid-up" or "pre-paid" stock—that is, the dues onshares, instead of being paid in advance periodic installments,are deposited in bulk. This practice prevailed in England evenbefore expressly authorized there under the statute of 1874, andwas held to be legal.* It appears to be permitted under Section5 of the New Jersey Building and Loan Association law(Rev., p. 92), which provides that " the right of membership inall associations * * * shall consist in the periodical paymentof such sum of money * * * or in payment of a principalsum specified in such constitution, to be repaid by the company,in such way and manner as shall therein be designated, withinterest not exceeding seven per cent, per annum." f None ofthe local associations reported any prepaid shares; but twonationals and the two State had outstanding at the date of theirstatements to the Bureau a total of 1,454 :* People, ex rel. Fairchild, v. Preston, Superintendent of Banks, Earl, J MN. Y. Court of AppealB, January 16,1894, referring to Scott's CaBe, affirmed bythe House of Lords. L. E. (9 App. Oases) 523.•[Query: Six per cent at present ?

COOPERATIVE BUILDING AND LOAN ASSOCIATIONS. 155N. J. Investment, Trenton 654State Mutual, Camden 43Mutual Guarantee, Camden 790Eastern Union, Camden 7These are included under the totals reported in the summaryabove, which shows an aggregate number of 634,163 shares. Inthe fuller summaries, which precede the detailed tables below,all the items already summarized are given by localities andanalyzed. Summary 7 shows the classification of shareholdersby sex and corporations, associations and firms. As was statedin previous reports, the exact number of shareholders reportedreally means the actual number of " open accounts/' and is inexcess of the number of separate individuals. It frequently happensthat the same shareholder is interested in several associations,or in different series of the same association. Even in thelatter case many of the returns do not show individuals, but onlyaccounts ( a books "). This duplication, therefore, necessarily reducesthe number of individual shares below the aggregate, ascompiled, by several thousands. The aggregate of shareholders,as given above, 93,889, comprises 68,385 males, 24,294 femalesand 1,210 corporations, &c, or a relative percentage of 73, 26and 1. In 1892 this percentage was 72, 27 and 1, and in 1891the figures were 7t, 25 and 1.Of the 22,910 borrowers, 17,660 were males, 4,958 females and292 corporations, associations or firms, or 77, 22 and 1 per cent,respectively, which relative percentage varies but slightly fromthat of the preceding yeârs—77, 21 and 2. The ratio of male tofemale borrowers, as might be expected, is greater than that ofmale to female shareholders. This also varies considerablybetween the different associations and localities, as do also theratio of borrowers to shareholders and of pledged to free shares.To some extent, when the whole State is considered, there is alsoa variation from year to year, as may be noticed from the followingcomparative statement:1893. 1892. 1891. 1890.Per cent, of shareholders, borrower? 24 4 25 25 24" shares pledged 27.4 26 9 25.3 26Average number of shares per shareholder 6-7 6.6 6.6 61" " " pledged per borrower. 7.5 7.1 6 8 6 6fshare? 2,135 1,971 1,914 1,723pledged 585 529 486 441per association - shareholders. 316 299 290 283borrowers 78 75 71 66

156 STATISTICS OF LABOR AND INDUSTRIES.The classification of associations by counties, according to netassets, number of shares outstanding and pledged, as well as ofshareholders and borrowers, is given in summaries 1 to 5, below.The totals for the current year, with comparisons for the previousthree years, as well as a classification, for 1893, bycounties, of associations according to number of series running,are herewith appended :NUMUKR OF ASSOCIATIONS HAVINGYEAR.189318921891.1890297200272254a POT319T52221H 9Si84 09 7494 71 7088 70 5972814838:U21« 4a>

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 15760NUMBER OP ASSOCIATIONS HIVINGPLEDGEDYEAR.18931892.18911890.29126326725003 .•gfe4845554833313334I33 4835 4830 5044 45I65655453 58540 52934 48625 431NUMBER OF ASSOCIATIONS HAVINGYEAS.r-i CDO

153 STATISTICS OF LABOR AKD INDUSTRIES.NUMBER OF ASSOCIATIONS* HAVINGBUNNINGCOUNTIES.mIsCDCQObt)AtlanticBergenBurlington...OdmdenCape MayCumberlandEssexGloucester....HudsonHunterdon..MercerMiddlesex....Monmouth...MorrieOceanPaesaicSaletnSomerset.....SussexUnioDWarrenTotal.812ni363111411168447145239323120* Incluaiyeôf terminating and exclusive of perpetual.1151034532142 158201731876574927189311834117229723 16These classifications, as well as the averages, go to show thatthe size of our associations is increasing, but, notwithstandingthe rise of the national and State movement, only gradually.The local New Jersey enterprises are still, for the most part, comparativelysmall. This is not to be deplored. On the contrary,as the Bureau often has pointed out, with an extension of field,both as regards membership and territory, the cooperative characterof an association is sacrificed. An increase in membershipis to some degree unavoidable, perhaps advisable, in a permanentassociation as it increases in age.As will be seen from the following classified table, threequartersof our associations are not over 10 years old. Theylargely have come into existence during the paBt decade, the beginningof which marks the revival of interest in this cooperativemovement. It lias been of continuous growth since then, not

Co OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 159only in New Jersey but in the United States, According to thereport of the U. S. Commissioner of Labor,* the average age ofthe 5,598 local associations in this country is but 6.3 years. Inour State this average is 8.8,and the raDge from £to 39ft years:COUNTIES.AtlanticBergenBurlington..,CamdenCape May...CumberlandE^sex.Gloucester...HudsonHunterdon.Mercer.*Middlesex...Monmonth..MorrigOcean ,Paasaic.Salem.,SomersetSussexUnionWarren13.73.813.512.114.616.16.218.36.59.012.97.212.95.710.07.226.04.53.07.514.03 to 24itol72 to 31| to 344 to 261 to 2810 to i 3Ito201 to 171 to 39}1 to 241 to 234 to 710Itol423 to 323 to 63I to 2411 to 1703P531822114731815©os©23451341O474224-ifS"820173L8765749271893118341172Total• 8.8to 39| 327910842 36 297The classified summaries above give? only three associationswhich have over $500,000 in net assets and five which have over10,000 shares in force, while eight have a membership of over1,000 each. The three largest associations, measured by assets,are: the Union Mutual, Paterson, age 10 years, with $694,796;People's, Harrison, age 20 years, $647,428, and Greenville, JerseyCity, age 17 years, $507,921.. These associations had the samerelative rank in 1892, when the amounts of net assets were: $627,-m *Ninth Annual Beport. See below for summary.fThe Mercer Building and Loan Association, Trenton. .

160 STATISTICS OF LABOR AND INDUSTRIES.587, $588,306 and $477,287, respectively. There are five associationswith net assets less than $500,000, but over $400,000,namely: Fourteenth Ward, Newark, $483,580; Building,liayonne, $466,419; Mutual, Passaic, $424,943; Mutual, Newark,$421,675, and Harmonia, Elizabeth, $414,729.The five associations which have over 10,000 shares outstandingare: Mutual Guarantee and State Mutual, Camden; NewJersey Investment, Trenton; Union Mutual, Paterson, andPeople's, Harrison. The first is a national, with but a smallportion of its shares owned in New Jersey, and the two followingare " State " associations. In addition to these the following have amembership of over 1,000: Greenville, Jersey City, FourteenthWard, Newark, and Merchants', Bridgeton.The comparative summary, by localities, of aggregate netassets and number of outstanding shares, for 1892 and 1893,with the respective increases or decreases for the current year,follows, on page 161. The only two counties that show a netdecrease in number ot shares are Hudson and Hunterdon,8,423 and 430, respectively. The loss in the latter is accountedfor by the maturing of a Flemington terminating association ;the prevalence of this form of association in Jersey City, wherethe net decrease was 5,671, also to some extent explains thefalling off in the former county. So, also, that in New Brunswick,Middlesex county, of 233. In Atlantic City the decreasewas 554; but both Atlantic and Middlesex counties show aalight net increase. The only decrease in net assets was inHunterdon, of $17,299, and in Warren, of $371. The largestnet increase in amount of net assets is shown in Hudson county,$797,318 ; the next in Essex, $774,497, and the third in Caraden,$583,894. These three counties rank in the same order as tototal net assets, namely, Hudson, $7,659,990 ; Essex, $7,616,034;Camden, $3,780,537. Passaic county follows with $2,506,014.In number of shares outstanding, Essex comes first with 186,557;then Hudson, 125,126; Camden, 95,495;* Passaic, 52,524—anaggregate oi 409,702 for the 153 associations in the four counties,in which are located over one-half of the total number in theState. These hold nearly two-thirds of the aggregate shares and* A considerable portion of these is held in other counties as well as outsideof the State. See above. *

COUNTIES.ASSOCIATIONS.1893. 1892. IncreaseNUMBER OF SHARES.1893. 1892. Increase.NET ASSETS.1893. 1892. Increase.Atlantic8 814108 13952156 $973,6.80 $911620 $62 060Atlantic City335,382 5 936 -f554 4U.4T0403,8057,665Bargen *20 16 4 24816183726,444 864.206 655,797 208409Burlington.......17 1824163 23,036 1,780 1.1793441,080,749 98 595Camden....!......31 31 n 9549568,010 274853,780,537 3196.643 583,894Gamdea City..21 21 82,168 55,195 26.973 2.997,946 2,536,618 461 328Cape May8 865.062 4,614 418 299,305 275,481 . 23824Cumberland717,541 15,044 2,497 1.128,582 986640141,9*2Essex..(55 621365571296476,910 7,616.034 6,841,537 774497Newark52 49 110 183 106,276 3.907 6,374 347 5,865 945 508,402Gloucester7 79,997 9,796 201 708,580 613,492 65.088Hudson49 50 n125126128549f3.4"?3 7,659,990 6,862.672 797318Jersey City38 39 $6 014 91,685f5,67) 5,592,097 5,126,855 465,242Hnnterdon.......2 3 n 4,415 4 825f430 281,778 299.077 fl7,299Mercerti 23,714 12.828Trenton18 17 i21,960 11.337 10.886 429 165 315,219 11394610 623325.618 235.06290.6568Middlesex8931 1 2640026,149 2512,170.177 2,063 371 106 806New Brunswick.914,930 15,1631.361,598f2331.248 319Monmouth3 1484813,129840,213114.2791,719751.270Morris14 789 4 590292.76988,943199229 69418 181515 105312795563075462109450Ocean14 145252449,9902,506,014185052,534Passaic334 37,884 36,0271,769 695 2,139.796 366,218Paterson.Paseaic: ,313,857 13 2631,857 689.262 1,503 988 265,707599,135Salem.54 846 4 630594 330,50190 127Somerset1 1n 5.024 4,477 216 267,03430787622,625Sussex17781 767 547 2651023860028,434169Union99 39 794 35 767 14 2.180 20918.1318,37927 492 25,360 4,0271,8883771.605.2431416,740 291J822Elizabeth22,1322 648 2,421188.503173904Warren Total...J297 £290 634,163 571,665 227174 275|37 L•City totals included in county totals. f Decrease. |Also People's national, Trenton, from which no $33,836 information, 487 and62,498$29 not 989,767 included aboye.$3,846,720©©dW3rxnOoGO

162 STATISTICS OF LABOR AND INDUSTRIES.net assets. All of which indicates a considerable change withinthe past few years in the relative importance of the building andloan association movement in the different counties.The total gross resources of the 297 associations, as shown insummary 9 below, foot up $35,826,112, or $1,989,625 more thanthe net assets. In 1892 this excess amounted to $1,779,514, intotal gross resources of $31,769,281. As was then stated, theexcess "is due to the indebtedness of many associations, inclusiveof advance dues, unearned premiums, or of loans sold toborrowers beyond the legitimate income derived from share duesand debtors' payments. Loans generally are advanced in installments;but the face value of the mortgages is the full amountbid. Very often theae demands are satisfied, wholly or partly,by cash borrowed from individual creditors or the discountbanks, Canceled shares also frequently are liquidated in thisway, or they are left outstanding and the money which would goto pay them off' is loaned out to new borrowers. But none ofthese items is a part of the associational net worth, or net assets,which consist of the installment dues on shares in force, arrearagesand profits. The share-installment account constitutes aliability of the association to its shareholders, but is an indebtednessof an entirely different nature, legally, from that of theitems mentioned above. It is very questionable, also, whether abuilding and loan association, under the New Jersey statute, hasa legal right to borrow money, or to sell loans beyond its legitimateincome from shareholders and borrowers."The indebtedness, as explained, for 225 associations reportingin 1893, exclusive of net assets, unearned premiums and moneyundelivered to borrowers, amounted to $1,379, 421, which, probably,is very nearly the correct total for the State. The amountof unearned premiums, $167,732, owing to 38 associations, andthat of undelivered loans to borrowers, $393,042, by 96 associations,is more likely to be below the true figure, as no informationwas given respecting these items by a number of associations.This, probably, accounts for the fact that the total of allthese items of indebtedness, $1,940,196, is $49,429 less than theexcess of gross over net receipts, as noted above. In 1892 theoutstanding indebtedness, less net worth, unearned premiumsand undelivered loans, was $1,311,038 by 226 associations, or an

CO-OPERATIVE BUILDING A#D LOAN ASSOCIATIONS. 163average of $5,801. In 1893, the average is $6,131. The cashborrowed during the year by 155 associations, discounts frombanks to meet demands from their borrowers or pay off otherliabilities, aggregated $2,576,961—that is, an average of $16,625.The repayments, some part of which was on account of previousyears' discounts, totaled, for 160 associations reporting, $2,468,-524—an average of $15,116. In 1892, the discounts, by 148associations, amounted to $2,316,559, or an average of $15,652;and the repayments, $2,190,067 by 149 associations, or an averageof $14,700. It is thus seen that a considerable amount ofthis species of indebtedness overlaps from year to year.In 1892, of the total building and loan association receipts, forthe State, not less than 18 per cent, was the result of these discounts;in 1893, not more than 16 per cent.; but just about 30per cent, of the aggregate income of the 155 borrowing associationscame from this source. Barring the question of the legalityof this practice, this cannot be called excessive; the objection ismainly directed against its abuse by some associations whichappear to do a regular money brokerage business, the discountsbeing out of all proportion to income from installments.In summary 8, below, the separate items of receipts and expendituresare given, by localities, for the associations reporting.The totals are:Total Receipts of. 290 Associations, $15,962 658, averaging $55 044Dues " 273 "9,089,326,33 293Returned Loans to 2342 081.710,11459Disbursements of. 289 "15 134 750, ' 52 366Cancelled Shares of..... 276 "3 421033,12 391Loans made by 278 "7,282767,26 197Current Expenses of...282 "150 364,1 . 533Salaries of. 272100,877, ' 371Secretaries cf 26871,954,l265Treasurers " 228 "21 9.55.96Approximately, therefore, the aggregate receipts and disbursementsfor the 297 associations in operation were $16,3^5,000 and$15,533,000, respectively. In 1892, for 291 associations, $14,-210,000 and $13,455,000, respectively. If the discounts, as abovenoted, are deducted, the income from payments by shareholdersand borrowers could not have been far from $13,758,000 in 1893.In 1892, they were calculated to have been $13,455,000. Theaggregate losses reported for both years make but a fraction of

164 STATISTICS OF LABOR AND INDUSTRIES.a percentage of these amounts. In 1892, these losses, $6,054, for12 associations, amounted to but little over four-hundreths ofone per cent, of the total receipts for the State, and were theresult mainly of depreciation in property or of failure to realizethe full amounts due on foreclosure of securities. There wereno defalcations. In 1893, losses were reported from 15 associations.In 12 of these the result was due to depreciation in propertyor of foreclosure; in 2 to defalcation, and in 1 to speculationin investments outside of the State. The amount of loss onthese latter has not been reported and was incurred by a terminatingassociation, whose winding-up thereby has been delayed.The two defalcations, in Camden and Elizabeth, were $4,000 and$610, respectively. The total losses in 14 associations reached$8,411, or about sixhundredths of one per cent, of the receiptsfor 1893 in the State.There were 61 defaults by borrowers, and consequent foreclosureproceedings, in 37 associations. The amount of 2 securitiesinvolved has not been reported. The balance, 59 securities,aggregated $97,389, which is about three-tenths of one percent, of the total real estate and book loans outstanding for theState. The securities reported in default in 1891 and 1892,respectively, amounted to $59,289 and 87,390. The defaults andlosses for 1893, distributed among the counties, were as follows :SECURITIES IN DEFAULT.COUNTIES.IIa.2pgaOBAtlanticBergenBurlington....CamdenOape MayCumberland .EssexGloucester....HudsonHunterdon ..Middlesex....PassaicUnionTotal 3722 31 110 19305483133225151101$1,079 002,800 00700 0021,100 00t4(H) 004,(550 0014,400 008,400 0024,200 003,900 001,200 004,000 009,0(K) 00t$97,380 00$100 00*4,590 00233 001,292 0023 00340 00482 00J.700 0035 008010 0015 {$8,411 00* Including «4,000 embezzlement, f Amount of two not reported. % Amount of one notreported. \ Defalcation.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 165The disbursements, or total outlay, of the associations in 1893took up over 95 per cent, of the income from all sources. Theoutlay for loans, approximately, was 50 per cent.; that for cancelledshares, including those withdrawn, redeemed, forfeitedand matured, 23.6 per cent., and that for current expenses 1 percent, of the disbursements. These items constituted 47.6, 22.5and %9 per cent,, respectively, of receipts of reporting associations.As will be noticed from the summary above, a few associationreturns of the separate items of expenditures are missing.The totals of outlay as given; $7,282,767 for loans, and $3,421,-033 for cancelled shares, are therefore below the real disbursementsfor these accounts, which, calculated on the basis of theaverages, approximately, amounted to $7,780,000 for loans, and$3,681,000 for cancelled shares. In 1892, these calculations were$7,160,000 and $3,958,000, respectively.The average current annual expenses and salaries for the associationsreporting in 1893 were $533 and $371, respectively; andthe respective average salaries of secretary and treasurer, $265and $96. Calculating on the basis of averages, the total annualcurrent expenses for all our associations would have been$158,300, of this $110,187 being for salaries. These, probably,are somewhat below the true amounts, as among the associationsnot reporting were a national and the 2 u State " associations;while the averages include the returns from 3 nationals, whoseaggregate current expenses came to $20,169, and salaries to$6,820. If the latter two totals are disregarded, the averageannual current expense item for 279 locals would be $467, andthe average annual salary item for 269 locals, $349 ; less than 24and 14 cents, respectively, per outstanding share for all thestrictly local associations.The number of shares cancelled during the current aesociationalyear (1893) in associations now in operation has been106,855, which is 68 per cent, of the number issued, 183,134, andnearly 17 per cent, of the number outstanding at the close,634,163. In 1892 these figures were 89,474 cancelled and 172,-666 issued—that is, the cancelled equaled 52 per cent, of thenumber issued and 16 per cent, ot the number outstanding atthe close of the respective associational years. Of the numbercancelled the destination of 105,087 is reported, namely, with-

166 STATISTICS OF LABOR AND INDUSTRIES.drawn voluntarily by shareholders, 85,636; forfeited for nonpayments,11,828; redeemed by the associations to get clear ofsurplus moneys, 1,337, and matured, 6,286; or 82, 11, 1 and 6per cent., respectively. In 1892 these respective percentageswere 84, 7, 1 and 4. The details, by associations, of thene dataare given in table 4, below. There it may be seen that but fewlapsed shares are credited to the strictly local associations. Inthe following summary the totals of these items are stated bycounties, and the comparative aggregates for the State for thepast three years. As will be seen, the net increase in the numberof shares, the difference between the number issued and cancelledhas been, according to this summary, 76,279; while the differencebetween the totals outstanding in 1893 and 1892, as persummary on page 154 above, is 62,498. A similar discrepancynecessarily occurs each year, and is explained by the lapsing ofold associations, and by the fact that a portion of the Bhares ofsome of the new associations, compiled in the previous report, lessthan a year in existence at that time, has been counted again inthe following table this year, their first completed associationalyear:

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 167CANCELLED DURING TEAR.COUNTIES.OJO•sPSsiiAtlanticBergenBurliugtoi'...OamdenCape MayCumberland.EssexGloucester....HudsonHunterdon...MercerMiddlesex....Mon mouth...MorrieOceanPaesaicSalem.,.SomersetSussexUnionWarrenTotaJ, 1893..Total, 1892.,Total, 1891..2,2298,3564,21439,5061,1164,59534,96'i1,97629,309362,i5,':oo4,5848,10577847819,37189585016010,36375183,134172,^56155,0*51,8633,9902,84010,1006622,515*2*,3081,631«311313,7983,275J,3515791211,659579132144!4,61014781,1723,9282,4767,9-95332,2*722,0261,36620,992981,9432,9297165771211,5934071321304,: 09341106,8^5 85,63689,474 75,39973,287| 68,1334*217018185628,8921,7574826623711,8286,578€024484709828128121,33781982160016341,4701292801,99720316065559172464]376,286. 4,4743,016* Balance unaccounted for.The matured shares were distributed among the 47 associationsof 13 counties, comprising 50 series, 3 associations terminatingeach two series. No terminating association is included.Counties. Associations. Series.Atlantic 4 4Bergen....* 1 1"Burlington 6 6Oamden 13 15Cape May 4 4Cumberland 2 2Essex 4 4Gloucester 5 5Hudson 1 1Middlesex 1 1Monmouth 2 2Salem 3 3Union 1 2

168 STATISTICS OF LABOR AND INDUSTRIES.The number of series matured during the past four years, withthe time of maturity of the shares affected, is shown in the followingclassified summary:NUMBER OP SERIES.NUMBER OF SERIES.MONTHS.1892-93.1891-92.1890-91.1889-90.MONTHS.81891-92.1890-91.1889-90.1091181201221231251 (i126J127128129130131132133134134*1351361256133421111111313101311112211455153112411326223*A 50 oent.-per-month association—$200.00.137138139140141142143144145146147148149161*218TotalCO t—11312612311g|-l342226116211214311114611322122111146The average annual simple interest rates for the average termsof investment, as stated in detail in summary 10 below, rangedfor the matured series from 5 to 11.10 per cent. In 1892, forthe 62 series, from 6 to 18 per cent; and in 1891, for 46 series,from 5 to over 12 per cent. This information, more in detail, isgiven in the following summary for the three years mentioned :18931892...;1891$1I506246NUMBER SERIES lbRATE5 6 7 8to to7 to8 to6I 7 913 106 134I WHICH AVERAGE INTERESTPER CENT. WAS9 10 11 12to to to to 14 189 10 11 12 138 17 7 179 15 10« 32 2 1 1124

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 169These associations certainly seem to be good investments forfree-share owners who make no defaults in their payments andremain to maturity. What part of the profits a shareholder whowithdraws should receive, to what extent one who defaults in hisinstallments should be punished by fines or forfeitures, are questionsof practical management that gauge the liberality of anassociation. Forfeitures, too small withdrawal allowances andtoo heavy fines, are not co-operative any more than high interestand premium rates for the borrowers. Lapsed shares are hardlya feature of our strictly local associations; but a less liberalspirit is shown in the way of fines or paying off those who dropout. This subject has been discussed too frequently in theBureau reports to need repetition here, except as regards that offines. The total amount of fines paid during the year wasreturned by 225 associations reporting at $38,033, which is theannual interest, at 6 per cent., on $633,900. This leaves out olconsideration the 52 associations from which the items of fineswere not separately reported, and which held about one-sixth ofthe total number of shares outstanding at the close of the year.Making allowance for these non-reporting associations, the totalamount of fines received was not less than $45,000* for the year.This would be nearly one-half of one per cent, of the dues paidin. The amount of fines of associations reporting, by counties,was as followp :*The fines in arrears also amounted to $14,154, as may be seen below.12

I170 STATISTICS OF LABOR AND INDUSTRIES.COUNTIES.QQao1% 8 a? 'NumberreportipaidecOrcrecVKOAmountAtlanticBergenBurlington....CamdenCape MayCumberland,Essex,.Gloucester..HudsonHunterdon.,MercerMiddlesex..Monmouth..MorrieOceanPassaicSalemSomerset...,SussexUnionWarrenTotal.5IT)\)24i'i4r>2 74;;l411H1Hi411225$1,1001,124] ()()54,\ { M4d,'>128],.'J221 ()."),'i? 2i/2921 (>">l'i!2184

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 171par. On only a fraction of loans, therefore, borrowers paid nobonuses. These ranged from 25 per cent gross ($50 per $200share), in Jersey City, and .735 per cent, monthly installment, inMillville, towards par, as stated. The highest averages were 17per cent, gross, and .41 per cent.* monthly installment, of twoBergen county associations.The classified summary following 1 shows the highest averagepremium rates, gross and installment, received in the severalcounties, by 157 and 52 associations, working, respectively, underthe gross and monthly-installment premium plans:GROSS—PER CENT.MONTHLY INSTALLMENT-PEE CENT.COUNTrKS.AtlanticAtlantic CityBergenBurlingtonMount HollyBurlingtonCamdenCamden CityCape MayCumberlandK6aex•Gloucester .... ..Hudfton. .....Hoboken...HunterdonMercerNew BriimwlckMonmouthMorris *OceanPassaicSalem...SomersetSussexUnionElizabethPlainfield .WarrenTotal, 1893Total associations.5 and under.Total, 1892 170 101•19.1 per cent, gross, nearly.36123210754838191422536211310231071215718124334738:?842232421118222110525 to 10, inclusive.i342542i2982i2221769445310 to 15, inclusive.111121l71315 to 20, inclusive.112Over 20.1.05 and under.11.05 to .111, inclusive.14311l.,....! 11132114j1411^ j .11 to .175, inclusive.;*i(j82I111418__ 1 .175 to .25, inclusive.4 .13l352176Over .25.i12 s1l46Total associations..,l8410114 Ii19i1114l5243

172 STATISTICS OF LABOR AND INDUSTRIES.An ea&y, approximate comparison between these rates can bemade, as 5, 10, 15, 20, 25 per cent, gross, &c, is equal to about(a little over) »05, .11, .175, .25, .33 per cent, monthly installment.For example, the total number of associations receiving therespective highest average premiums in 1893 and 1892 wouldcompare about as follows, the heading being the gross per cent.:1892.I GtOBBI Mo. Installment,/Grosp\ Mo. Installment,5 ;:;amiunder.105o101.2NUMBER ASSOCIATIONS5 10to to10

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 173Or, to transfer these prenjium rates into an annual nominalinterest rate per cent., plus the regular interest rate of 6 percent. :PLUS INT.GROSS. MO. INST. AN J LY. AN T LY.$10 (5 %) = 10 + cents (.06 '/') = .6 % = 6A %$20 (10 %) = 22 + cents {All %) = 1M % = 7A 2 %$30 (15 f*) = 35 + cent* (J75 7c) = 2.J- # = 8. 1 %$40 (20 %) = 50 cents (.05 %; = 3.- 1 % = 9. %The largest mortgage on real estate was taken during the yearby a Oamden city association, for $18,700, as may be seen insummary 14 below; in Jersey City one was executed for $17,000.In 1892, the largest was also made in Camden city, for $22,000;in 1891, in Jersey City, for $20,000. The smallest real estatemortgages in 1893 were $50, in Burlington city, Camden city,Millville, New Brunswick, Elizabeth, and in Essex and Monmouthcounties, outside of the cities. Altogether there were 9associations whose mortgages during the year were of the valueof $500 and under; 2 from $4,000 to $5,000 and 1 from $5,000to $6,000, In tjhe past three years the mortgages have ranged asfollows:1898. 1892. 1891.$500 and under,500 to $1,000,1,000 to 2,000,2,000 to 3,000,3,000 to 4,000,4,000 to 5,000,5,000 to 6,000,96091451621associations,auuuu175190441421associations,uaut

174 STATISTICS OF LABOR AND INDUSTRIES.$1,359; in 1891, $1,310. This goes to indicate that the tendencyis to larger loans to single stockholders. The bond and mortgageinvestments comprise nearly 92 per cent, of the total grossresources of the associations, varying in the different localities.The real estate loans amount to over 96 per cent, of the totalloans, mortgage and book inclusive, $33,968,492. This is thesame proportion as the year before, when this total was $30,037,-753. The value of real estate owned by the associations, mostlybought in on foreclosure, is $105,788; cash on hand at the closeof the respective 1893 fiscal years, $752,570; other investments,$699,262, which includes arrears and the investments notreported in detail. The total arrears in 263 associations reportingaggregate $367,328; while the advance payments, largelydues, in 181 associations reporting, amount to $187,502. Theseadvances include $68,693 of 3 Elizabeth associations, for themost part practically deposits.IQ a number of associations, especially in Jersey City, thepractice prevails of not separating, in the secretaries' reports, theprepayments from the regular installments periodically due fromshareholders. In many instances, there is no account even ofarrears. All this is irregular and unsound. Advance?, that ispayments made before due, are really borrowed money, andshould not be counted among the net assets of an association ;while, on the other hand, arrears are legal debts owing to theassociation and belong to the net assets. In a good proportionof the associations in the State the details of the arrears are notseparately entered even in the books, as may be noticed fromsummary 9 below. While 263 associations report aggregatearrears as above given, the amount of back dues, interest, finesand premiums only total $254,552; dues, 212 associations,$140,870; interest, 186 associations, $92,840; lines, 169 associations,$14,154; premiums, 51 associations, $0,688.The number of associations which loan to others than shareholders,when the latter make no demands for the money onhand, is 84. Of these, 41 report such loans outstanding duringthe year, to the amount of $495,784 ; the balance presumably havingnone. lu 1892, the number was 49 and amount outstanding,$458,326. The nutnber of associations having such outstandingloans, and the amount, by counties, in 1893, is as follows, thedata for 1892 also being added :

CO-OPERATIVE BUILDING AND LOAN ASSOCIATION?. 175Number Associations,I1893. Ia0800 CQBurlington...Oamden ,Cape MayCumberland.EssexGloucester....HudsonHunterdon,..Mwcer ,Middlesex...,Monmouth.. ,MorrisOceanSalemSomersetUnion3 oli1119210258ISoB$25,569 00! 364 955 00' 312,930 00 185,989 0013 260 0053 560 ooi18,128 00,8 040 00102,54320,018 oo1009,018 0(t14 300 0018S74 00IS 500 0029 500 0014 261335i)1I- 9$8,573 002-\as 00(> .S00 0012«,r>l»13,97349,130J 4.00010,77077,41356,7505.30020,30000 000000000000000022 OOti 0019.000 00Total.8441$495,784 0049$458 326 00There are 15 associations which have loans outside of theState, which, however, are not all on account of the 1893borrowings ; and, when made by local associations generally, areto non-residents oi localities near the border counties. In 1892,the number of associations sending or loaning money out of theState was 22, and 17 for the year previous. As a matter of fact,our local associations are very conservative in going outside oftheir respective localities. Of the 268 associations reporting theradius of distance of placing loans, only 11 went beyond 50miles. Probably one-half did not go outside of the city or township,and but few even outside of the county or what practicallyamounts to the same thing for the associations in the borderlocalities. These data are given in detail in table 3 and summary15, bleow.There were 2,532 dwellings acquired during the year by theborrowers in 223 associations reporting. These data, togetherwith those reported for the previous two years, follow. Theyare tabulated under the localities to which the respective associationsbelong; but all the dwellings were not necessarilyacquired in the localities as stated. And while such returns are

176 STATISTICS OF LABOR AND INDUSTRIES.to some extent estimates, especially for the larger associations,they probably are not far out of the way. The number of thesedwellings, for 1893, if the non-reporting associations are takeninto consideration, hardly can fall below that given, and islikely to exceed 3,000 for the whole State. In 1891, it wasestimated that 2,700 dwellings were the result of our associationalactivity, and in 1892, 3,000.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS 177Atlantic countyAtlantic City ,HammontonBergen countyBurlington countyBurlingtonMount HolyCam den countyCamden CityGloucester CityCape May countyCumberland countyBridgetonMillTilleVinelandEssex coantyNewarkBloomfleldBellevilleGloucester county..Woodbury ,Hudson countyJersey CityArlington.....BayonneHarrisonHobokenHunterdon county.,Mercer countyTrentonMiddlesex connty..New BrunswickPerth AmboySouth AmboyMonmouth county.Morris countyOcean countyPaasaic countyPaternon ,PaseaicSalem countySomerset county...8omervilleSussex countyUnion county. Elisabeth. ..„„.......».PlainfieldWarren county.4121813232114179115543225134233321321151273116123148255231142101154330024523417*'59143481195845421214*14896915242310962852660431226117970301923018414156ll1411432216149382I136l14212714 10313126278203412470132L34629910401030487382371375426264636018202513524686021816459613618313417l212101179251312322313629116229220381026112112501662915101028521833104335406262156411231486624430504271911236015211961302613Total..223253220924001731906• City totals included in county total*.

178 STATISTICS OF LABOR AND INDUSTRIES.STATEMENTS BY SECRETARIES.*AllendaU, Orville Co-operative.—Fines were only $1.10 for theyear, with a total ot $35,029.32 from receipts, of which $8,213came from does. We never fine members unless they are habituallyslow. When they get in arrears, they are notified that theirmoney is subject to their order and will only earn interest, havingceased to be members in good standing.Park Ridge, Washington Township.—The consideration for priorityof loans is paid monthly. Loans, which may be repaid atany time, are made on the basis of 6 per cent, annual interest;the premium is only 1| to 6 per cent.; but cannot exceed 6. Finesare only 4 cents.The association meets on the second Monday of each month,and payments due at that time may be made at any time duringthe month—& privilege not allowed in other associations withoutincurring a fine.Anyone, including women and minors, may hold shares, andmay borrow on their stock without mortgaging real estate, ormay withdraw at pleasure. Each member has one vote. Sharesare $200 each, payable in monthly installments of $1; entrancefee, 10 cents per share.This association has enabled quite a number to secure theirown homes. It is known as a borrowers' association in everysense of the word; the borrower builds his own house ; the associationdoes not speculate in anything. It owes no debts; haspaid all withdrawals, notwithstanding the winter's financial stringency.Rutherford, Mutual.—Notwithstanding the hard times and consequentenormous withdrawals, we have weathered the storm.The average premium of loans relinquished has been 45J cents;upon new loans, 40J cents; upon all outstanding loans it is 88Jcents. The current working expenses of the association are under2J per cent, of the capital.* Including extracts from associational reports. These statements are givenf >r what they are worth; the Bureau does not thereby indorse them.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 179Fiddsboro Mutual—Th* following is the final statement of thisterminating association, dated December 17th, 1892, or threemonths after the close of the eleventh year. It began operationsin October, 1881, and matured its 155 shares outstanding at$286 in 135 years, or $65.86 profit:RECEIPTS.Balance at last report $647 92Dues, interest and fines 777 84Loan returned200COReal estate 400 00$2,025 76DISBURSEMENTS,Loans $842 82Secretary's salary 12 00Treasurer's salary 5 00Rent 3 75Printing 2 75Real estate 5 00Balance 1,154 44ASSETS.$2,025 76Loan? $29,667 02Duefrorr shareholder? 311 95Cash balance •. 1,154 44$31,133 41155 shares sealed at $286 $31,133 30Undivided surplup • 11$31,133 41Woodbury, Real Estate.—Prompt payment on short notice alwayshas been accorded those who desire to withdraw, at a fair rateof profit in interest, while those holding stock to maturity havelikewise been promptly paid, at a better rate. The eleventh seriesmatured on 141 months' payments, which produced to the investorsan average rate of interest in profits of a little over 7 percent.The association always has recognized the fact that the borrowersfurnish the life-blood for its business, and therefore hasalways endeavored to treat this class of stockholders with greatconsideration, by aftording them liberal inducements to build andborrow, in paying a proportion of taxes on their properties, and

180 STATISTICS OF LABOR AND INDUSTRIES.by advising them not to pay a premium beyond 16 per cent, fortheir loans. Through its operations, since its organization, assistancehas been given in paying for six hundred homes.Montdair, Building and Loan.—Trie premium on all mortgageloans is deducted in advance, and has been for the year : highest,5.5 per cent, on $600; lowest, 1 per cent, on $7,000; average,2.8 per cent. Premium on stock loans only is lu cents per monthon each $100, and is paid monthly.The seventh annual report shows total receipts of $120,218.41,of which $87,412.99 was received from the shareholders and representsthe amount, of new business. The assets are now over aquarter of a million dollars, all of which is loaned to membersof the association, upon bond and mortgage or upon shares. Theloans upon bond and mortgage are all upon property within thetownship of Montclair, except about $22,000. And no loan uponshares exceeds the amount of dues actually paid by the borrower.The report gives a list by book numbers of the open accountsand the number of shares upon each book; also, a list of thebooks upon which there are advance payments or arrears. Wenever have had occasion to call in a loan or foreclose a mortgage,and at present with loans of $257,862, there is only $45.89 interestoverdue, and the total dues, interest and fines in arrears is only$292.93. The profit credited to the different series averages about8J per cent, per annum upon the amount of dues paid.Newark, Hearthstone.—The holding value of the first series,numbering 724 shares, on which $84 has been paid per share, is$107.52. In order to reduce the free shares, 478, of this series,an amendment to the constitution will be submitted to the shareholdersat the annual meeting, authorizing the payment of 8 percent, interest, making the withdrawal value thereof $107.52 pershare.Newark, Mutual Land and Home.—The association, incorporatedin 1892, has 48 members holding 48 shares. As this is ahomestead enterprise, different from any others in operation inthe State, the following extracts are reproduced from the " introduction" to its printed constitution :

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 181The Mutual Land and Home Company is formed for the purpose of providingall who become members of it* with comfortable homes amid congenialsurroundings at the lowest possible cost.The company, under the supervision of the board of incorporators, is subdividedinto groups of one hundred and fifty members each, each group beingpermitted to establish for itself such modification of the following commonplan of operations as may nofc injuriously affect the general interests of thecompany :Every member on joining pays the sum of two dollars as first iDstallment onhis entrance fee. As soon as bin group is completed the remainder of his entrancefee often dollars becomes payable in four monthly installments of twodollars each. He then also contributes regularly the sum of one dollar perweek.As soon as the entrance fees and dues foot up the needed amount a plot ofunimproved land, to be selected by the members, in the suburbs of Newark, orany other city where groups may be located, will be purchased, large enoughto cut up into at least one hundred and fifty ordinary sized lots. As soonthereafter as fifteen hundred dollars, or some other fixed sum to be determinedby the members, again accumulate in the treasury, those who desire a housestep forward, lots are cast, and the winner selects from eight or ten standardplans adopted by the group the kind of house he wishes to have built. Thisis erected, the winner moves in, and until the association winds up pays anequitable monthly rental into VM treasury. This increases the income of theassociation. A second allotment is made in thesame way when the fixed amounthas been again reached; and BO accumulation from dues and rents, allotments,erection of houses go on at an ever increasing rate until one hundred and fiftyhouses have been built. The company then gives each member a full, cleardeed to his house and lot and the group goes out of existence.Under a fair estimate the lifetime of such an association, where no specialeffort is made to hasten its maturing, figures out to about twelve or fourteenyears. The association is, however, free to speed maturity by any plan that itmay consider safe and desirable. Thus, by holding the corner lots until theend of, say, the ninth or tenth year, enough may be realized by a direct sale toprovide the remaining members with houses at once and so terminate theassociation.It being a fraternal association, the interest of one is the concern of all.Should a member desire to leave he gets the value of his interest in the association,what he has paid in less his just share of the expense, and plus his justshare of whatever profit may have accrued. Should he have taken a house, hecan transfer the house to anyone acceptable to the asssociation.The standard plans of the company are such as provide houses at a cost closeto fifteen hundred dollars. Should a member desire a larger or costlier house,he is left free in his choice, but it will be necessary for him to secure the additionalamount needed himself, as well as have his plan approved by the association.There may be some who may not specially want a house and yet woulddesire to join such an association for the purpose of profitably investing theirmoney. For such an excellent opportunity is afforded.

182 STATISTICS OF LABOR AND INDUSTRIES.The drawing of lots for the chance of getting a house is not obligatory untilall who specially desire houses have been provided. When the time for allotmentarrives and no one steps forward as ready to take a house, drawing becomescompulsory upon all who have not yet taken houses. A member drawinga house need not necessarily occupy it himself, he can sublet it to any one unobjectionableto the association. When the association dissolves every memberis free to sell or otherwise dispose of his house as he pleases, provided heinflicts no wanton injury upon his neighbors.Newark, North End.—This is an interest-premium association,the premiums having ranged from 30J to 45 per cent. In somecases, the whole of the premium has been paid off by the borrowerat once; but generally only ten per cent, of the amount,and the balance at the rate of 2 per cent, per month for fiftymonths. After that, only the regular dues. The main difficulty,so far, has been too many withdrawals, and inability to get asmuch money as it is desirable to lend.The section of the constitution providing for withdrawals is:Any non-borrowing shareholder wishing to withdraw from this associationmay do so by giving a written notice to the secretary five days prior to themeeting of the shareholders, which shall be on the last Wednesday of eachmonth, of intention to withdraw, etc. During the first year of his or herrespective series of stock he or she shall be entitled to receive the actualamount of the installments paid in, less any fines he or she may owe, and aproportionate share of expenses during the first year of the respective series.After the expiration of the first year, interest at the rate of five per cent, perannum; after the expiration of the second year, interest at the rate of six percent, per annum; after the expiration of the third year, interest at the rate ofseven per cent, per annum, and for each succeeding year at the rate of sevenper cent, per annum. The rates of interest herein mentioned are to be allowedonly on the amount paid in each year, and not on the total amount which mayhave been paid in, so that the amount paid in each year receives only onecredit of interest. And in addition to the above rates of interest at the expirationof the third year, a dividend to each non-borrowing stockholder of two(2) dollars on each share owned by him or her, and at the end of the sixthyear a second dividend of five dollars on each share so held, and after thesixth year such further dividends as the earnings of the association will warrant.Newark, Roseville.—The association was organized as a terminatingconcern with a limit of 2,000 shares, which were all subscribedfor at the second meeting; and for some time thereafter,as fast as any one dropped out, others were ready to subscribe,thereby keeping the shares issued up to the full amount. Before

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 183two years it was found that money was accumulating, with veryfew or no borrowers on hand. Therefore it was decided to makethe association serial, beginning the third year with a new seriesand designating it the third series. This is why there is no secondseries. All new series were limited to 1,000 shares.At the close of the fiscal year 1892 we found we had 871 sharesstill outstanding in the first series and with about 140 shares onlyborrowed on. This series was being surrendered very slowly, asthe weak holders had generally withdrawn. Hence we had toface the fact, that unless some provision were made to get thisstock cancelled we should have about $100,000 to $110,000 toraise at its maturity, and it was accordingly resolved to offer toredeem first series stock at each meeting at its full earned value,less such per cent, as a holder might bid for priority of payment;and further, if no stock or not enough should be forthcoming touse up $2,000 per month for this purpose; that we set aside suchamount as a sinking fund for its payment at maturity or whenpresented for redemption. Thin has been an inducement forsome of the holders to turn in their stock of the first series andtake out shares of later series.For the nineteen months this plan has been in operation wehave redeemed $28,028.73 worth of stock, and have placed to thecredit of the sinking fund $7,000, making the total amount usedand set aside $85,028.73. But the demand is not up to theanticipation.We try to make the sinking fund earn some interest by placingit with trust companies, and we have some out on bond andmortgage, with privilege of calling it on six months' notice.Considering the times, there is fair demand for money forloans, and we now have nearly $5,000 loaned in advance; thereare also more surrenders on late series than we have had heretofore.Of course the sinking fund plan leaves us with less moneyto loan, but as soon as we get this first series out of the waythen we shall have more plain sailing, as there are less shares inthe other series, with more borrowers, viz., in the third serieswe have 179 shares out with 70 shares borrowed on; fourthseries, 97 shares out with over 60 borrowed on; fifth, 230 outwith about 85 borrowed on; and so on.

184 STATISTICS OF LABOR AND INDUSTRIES.Newark, West End.—The board of directors has fixed thefollowing schedule of counsel fees. On a loan of $1,000 or less,the counsel is allowed to charge $30, and $2.50 for each additional$500, aB follows:Loan.Couanef's Fee.$1,000 00 $30 001,500 00. 32 502,000 00 35 002,500 00 37 503,000 00 40 004,000 00 45 005,000 00 50 00This charge includes search; drawing bond and mortgage;acknowledgment of mortgage; recording mortgage; tax search ;Supreme Court search.Where a survey must be made, deeds drawn, or a Chanceryexamination obtained, the counsel is authorized to charge anadditional fee. These are seldom necessary. In case a title isvery much involved, and unusual labor on the part of counsel isrequired, the board reserves the right to fix the counsel's fee.New Brunswick, American.—The association, terminating, havingtoo much money on hand purchased $20,000 worth of bondsin various enterprises, outside of the State. The bonds depreciatedin value from 70 to 50 per cent. This has caused delayin winding up the association. Since June, 1893, no dues, onlyinterest from borrowers, have been collected.ASSOCIATIONS IN THE UNITED STATES.The ninth annual report of the XL S. Commissioner of Labor,Hon. C. D. Wright, comprises a report on the building and loanassociations in the United States. It comprehends every State exceptVermont, in which there is only one enterprise of this kind.The following preliminary summary shows the number of associationsin the different States and Territories, and the generalresults:

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 185NUMBER.AlabamaArizona , ,Arkansas ,CaliforniaColorado ,ConnecticutDelawareDistrict of ColumbiaFloridaGeorgiaIdahoIllinoiPIndianaIowaKansasKentuckyLouisianaMaineMaryland...MassachusettsMichiganMinnesotaMississippi........MissouriMontanaNebraskaNevada—.—New HampshireNew Jersey *New MexicoNew York........North CarolinaNorth DakotaOhioOklahoma........OregonPennsylvaniaRhode Island8outh CarolinaSouth DakotaTennesseeTexasUtahVirginiaWashingtonWest VirginiaWisconsinWyomingTotal..STATES AND TERRITORIES.Local.234m1254215212621314631429817113126292*7115 72823034976611628653902457181141,0766481461395761454395,598National.Total.274S21334615213 292 2312 43438 6691681 445897217 1482 28292401153 7515 972 321714 366870117288528 418113 256721, „., 1173 1,0796483 1717 78217323 416831756426240 5,838The various facts relating to membership, as shown by shareholdersclassified as males and females, assets, value of shares,13

186 STATISTICS OF LABOR AND INDUSTRIES.total profits and number of homes acquired, are all brought outin the following concrete statement:LocalNational.Total.Number of associations .Number < f shareholders, malesNumber of shareholders, femaleNumber of shareholders, tot a)Average number of shareholders perassociationNumber of shareholders who are borrowerePercentage of shareholders who areborrowersNumber of sharesTotal net assetsAverage shares per shareholderAverage net assets per shareholderAverage value of sharesTotal profits..Average size of loansHomes acquired5,598a710,156a263,38861,359,3666244.5c402,212C29.83dl0,381,031$413,647,228e7£e$303.11439,75$74,402,969f$l,133386,35961,637.1

COOPERATIVE BUILDING AND LOAN ASSOCIATIONS. 187under 15 years of age. There are but 433 over 15 years of age.These figures certainly show that the building and loau associationsof the country are entirely modern institutions and havereached their great proportions during the last ten or fifteenyears. This, in connection with the fact that they have netassets of over $450,000,000, have made total profits of more than$80,000,000, have helped to secure probably over 400,000 homes,and are semi-banking institutions conducted by ordinary mennot trained as bankers, but jet have met with remarkably fewlosses, shows conclusively the strong hold which building andloan assooiations have taken upon the public.

-»!?!iffIBO O OIS:5qIAverage amount of netaesets per association.$3,000 and under.$3,000 to $5,000.I $5,000 to $10,000,IGOII$50,000 to$100,000.I$100,000 to$200,000.$200,000 to$50U,000.$10,000 to $50,000.iI i : | Over $5C0,0O0.1 j : I^,00 M bO Number associationsreporting.Average number of yearsinoDerationin operauon.soixsixvxg 881

SUMMARY 1.-BUTL.MNG- AND LOAN ASSOCIATIONS OF NEW JERSEY - CLASSIFICATION OFASSOCIATIONS ACCORDING TO NET ASSETS, BY COUNTIES—Continued *COUNTIES, f§1INUMBER OF ASSOCIATIONS IN WHICH THE AMOUNT OFNET ASSETS ISaaa5S«»•IIIs•3sloo4todEssex*Newark tGloucester..Hudson JJersey UBayonneHarrisonHobokenHunterdon.......Mercer?Trenton^.MiddlesexNew Brunswick..Perth AmboyMonmouthMorris* See Summary 8, below, for totals.$117,170122ff84101,226152,245147,160222,357357,298394 812140,88961,309108,526126,070190.65793,357I 97,5^0fCity totals ineiaded In county totals.17132810 ]6 127 14 1210 1581I 1211191.......£ Includes 1 National. § Includes 1 State.16552493331273]7756.2 6.118.36.5 656.113 512.924.55.712.95.7o!Z5COo HoGO

iwEv00, below, for totalt.00I E1IWarrenElisabethPUunfield: 1 'd2.0*aSussexSomersetSalem! i ip1JIoo• : :J1D0-I5"co0oK>Bqo O £4k W O>k •£•• COo< — o h-i-.CC th- M »- co :; |I 11! :to. . i: I I5 £ ?, S:% c5 S:- ILO I-- j»_ COto tO «vl (-» rfi. OS W W ^1 H-H_»•! : :^ Ien 35 |CO CO *-> CC H-t* CO |M i-*iUAverage amount of netassets per association.$3/00 and under.$3,000 to $5,000.$5,000 to $10,000.$10,000 to $50,000.$50,000 to$100,000.$100,000 to$2'.0,000.$200,000 to$51)0,000.Over $500,000.Number associationreporting.8WgoASSOCIATIONS ] IN WHICH THE AMOUNT OFNET Ab BETS ISta CnCC *bAverage number ofin operation.yearsa^v xoavj &o 06 [

SUMMARY 2.—BUILDING AND LOAN ASSOOIATIONS OF NEW JERSEY —CLASSIFICATION OFASSOOIATIONS ACCORDING TO NUMBEB OF SHARES OUTSTANDING, BY COUNTIES.*COUNTIES, fNUMBER OF ASSOCIATIONS IN WHICH THENUMBER OP SHARES OUTSTANDING ISLABGE8T AND SMALLEST NUMBER OF SHARESHELD BY A SINGLE SHAREHOLDEE.21NUMBER OP ASSOCIATIONS IN WHICH THELARGEST NO. ISSMALLEST NO. IS§T3AtlanticAtlantic City.Hammonton..1,764.1,794 .2,823 .10010064fc:c8> OBergen.,1,241 j551217BurlingtonBurlingtonMoorentown t...Mount Holly....Camdec;CamdBoi .................GloaceBter City ....«!!!!!!""!!1,4211,2996272,7233,0813al31,66130434501841150145906213172I2920 !Cape May..Cumberland,Bridge tonMillTille* See summary 6, below, for totals.633J2,5064,0281,793| 'fClty totalB incladed in eoanty totals.55!150 ,150 1 .77 1X Including 2 National! and 1 State.ii1

SUMMARY 2.—BUILDING AND LOAN ASSOCIATIONS OF NBW JERSEY — CLASSIFICATION OFASSOCIATIONS ACCORDING TO NUMBER OF SHARES OUTSTANDING, BY COUNTIES—Oon'd *CDtoNUMBER OP ASSOCIATIONS IN WHICH THENUMBER OF 8HABES OUTSTANDING 18LARGEST AND SMALLEST NUMBER OP SHARESHELD BY A SINGLE SHAREHOLDER.COUNTIES fNUMBER OP ASSOCIATIONS IN WHICH THELARGEST NO. IS SMALLEST NO. 18IsBloomfieldNewark!HudeonJArlingtoiBayonne.HarrisonHobokeoJersey CltyJ.HunterdonMercer!TrentonfMiddlesexNew BrunswickPerth A no boy....South Amboy.Monmouth...1,4581,666.1,1921.403* See summary 6, below, for totals. f City totals included in county totals. t Including 1 National, I Including 1 State.10010040743 22o73742912126 11i>w os

SUMMARY 2.—BUILDING AND LOAN ASSOCIATIONS OF NEW JEBSEY—CLASSIFICATION OFASSOCIATIONS ACCORDING TO NUMBER OF SHARES OUTSTANDING, BT COUNTIES—Oonfd*COUNTIES fIII§8Morris.. 1596Ocean 1515Passaic 2,918Paterson 2,706Pasaaic | 4,619Salem 1,615Somerset •SomerrilleSussexUnion.Elizabeth...Plainfield ....Warren1,25616507812,3413 0562,2261,324Total, 1893 j 2,135Total, 1892..1,971Total, 1891,.1,914• See summary 6, below, for totals.NUMBER OF ASSOCIATIONS IN WHICH THENUMBER OP SHARES OUTSTANDING IS§CO j -ô I o5 2•::•2 1l Il11l35 55 93 48 33 1332; 61 f 87 44 35 639i 52 80 50; 28| 7f City totals included in. county totals.131610LARGEST AND SMALLEST NUMBER OF SHARESHELD BY A SINGLE SHAREHOLDER.~ NUMBER OF ASSOCIATIONS IN WHICH THEa3aS402015015050354040153184031836304300207/13LARGEST NO. 18107210792971068 8SL. 2111! 53 23;1011 55 1684| 43| 14SMALLEST NO. IS3aa08171332421isli8i 1223267250 1 10260 10

=3* a0i i3t i SAverage number of sharespledged per association.100 and under.I100 to 200.200 to 300.I300 to 400,400 to 500.I500 to 1,0 .JO.OO K,J2^ COK,W5 8IOver 1,000.Number associationsreporting.

SUMMARY 3.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY —CLASSIFICATION OFASSOCIATIONS ACCORDING TO NUMBER OF SHARES PLEDGED, BY COUNTIES—Continued.*NUMBER OF ASS0CIATI0K8 IN WHICH THE NUMBEROF SHARKS PLEDGED ISoCOUNTESS, fS 6t>03 a!IEssex!Belleville ...Bloomfield..Newark XGloucester.ArlingtonBayonneHarrison.Hoboken..Jeriey CityJHunterdonMercer! ,TrentongMiddlesex.......New Brunswick .Perth AmboySouth AmboyMonmouth* See Summary 6, below, for totals. f City totals included ia county totals. t Including 1 National. g Including 1 State.642251493321387315uo >oaO

SUMMARY 3.— BUILDINO- AND LOAN ASSOCIATIONS OF NEW JERSEY—CLASSIFICATION OFASSOCIATIONS ACCORDING TO NUMBER OF SHARES PLEDGED, BY COUNTIES—Continued*14'S.SNUMBER OF ASSOCIATIONS IN WHICH THE NUMBEROP 8HARB8 PLEDGED 18Morris....OceanPassaicPater ROHPassale..SalemSomersetSomerrill« »Sussex............UnionElisabeth.Plain fieldWarren «..COUNTIES, t514H057946fil1,61451135449313368897453843185O O2S21321E3 *«3117 133242117 922S•w oTotal, 1S93.-.Total, 1892....Total, 1891.-.-*See Summary 6, b«low, for toUls.fCiiyJ-otuls incladtd in coaotj totals.5855294864845333133333530292631192219766565534034291263268

3TJMMARY 4 —BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—CLASSIFICATION OFASSOCIATIONS ACCORDING TO MEMBERSHIP, BY COUNTIES *AtlanticAtlantic City..Hammonton..Bergen.Burlington....Burlington....Mooreitown..Mount Holly..CamdeDjGloucester Gity..Cape MayCumberland.....BridgetonMillville..COUHTIES-t5-2aa357312385161221265108474577114593909413T3apoNUMBER OP ASSOCIATIONS IN WHICH THENUMBER OP SHAREHOLDERS IS* See •ammuies « «nd 7, bi—

SUMMARY 4.—BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY—CLASSIFICATIONASSOCIATIONS ACCORDING TO MEMBERSHIP, BY COUNTIES-Continued.*OFNUMBER OF ASSOCIATIONS IN WHICH THENUMBER OF SHAREHOLDERS ISCOUKTIEStEssex*Belleville...Bloomfield.Newark J....Gloucester..ArlingtonBayonneHobokenJersey Cityt —HunterdonMercer^TrentOB§.......MiddlesexNew Brnnftwick.Perth AmboySouta AmboyMon month•See summaries 6 and 7, below, for totals, t City totals incladed in couity totals. t Including 1 National. \ Including 1 SUte.

SUMMARY 4.-BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY —CLASSIFICATION OFASSOCIATIONS ACCORDING TO MEMBERSHIP, BY COUNTIES-Continued.*NUMBER OF ASSOCIATIONS IN WHICH THENUMBER OF SHABEHOLI>ERS ISOo6HCOUNTIES tHPOSoMorrisOceanPassaic....Pateraon..Pat-sale ...SalemSomerset...Sussex,....,UnionElizabeth .Plainfield*Warren....2H2395 -41940? ..572251205263.17037151627120531171342117 92200OQTotal, 1893.Total, 1892.Total, 1891*See summaries 6 and 7, below, for totals.316299290fCity totals included in county totals.373140338771575528374018182846 837 629 4280273267

SUMMARY 5.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY — CLASSIFICATION OFASSOCIATIONS ACCORDING TO NUMBER OF BORROWERS, BY COUNTIES*NUMBKB OF ASSOCIATIONS IN WHICH THE NUMBEROF BOHROWEHS ISAtlanticAtlantic City....H am m on ton....Bergen. ] 299Burlington.Burlington,.MoorestowtoMt. Holly XCamdeDjCam dentGloucester City..Cape May..Camberland.Bridge ton .....Millill* See summaries 6 and 7, below, for totals. t City totals included in county totals. % Including 2 Nationals and 1 State.10012051

SUMMARY 5.— BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—CLASSIFICATIONASSOCIATIONS ACCORDING TO NUMBER OF BORROWERS, BY COUNTIES.—Continued*OFBelleYiUe..........BloomfieldNewark*Gloucester..HudsontArliagton......BayonneHarrisonHobokenJersey CityJHunterdonMercerf...TreatQDg..COUNTIES, f665580916839127207123581154775NUMBER OF ASSOCIATIONS IN WHICH THE NUMBEROF BORROWERS IS5844 1721l34 1538321* See summaries 6 and 7, below, for totals. f City totals included in county totals. X Including 1 National. - § Including 1 State.30163OB§1if612249443133

SUMMARY 5.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—CLASSIFICATION OFASSOCIATIONS AOOORDING TO NUMBER OF BORROWERS, BY COUNTIES.—Continued*too toKUMBER OF ASSOCIATIONS IN WHICH THE NUMBEROP BORROWERS ISOOUNTlH&fMiddlesexNew Brunswick .Perth AmboySouth Amboy......Monmouth.,Morris.,Ocean.PassaicPateriou.....Passaie.......Salem.SomersetSomerrilleSussex.•See summaries 6 and 7, below, for totals.83ill501059598858112763548323 1f City totals included in county totals.

SUMMARY 5 — BUILDING AND LOAN ASSOCIATIONS OP NEW JBRSBT—CLASSIFICATION OFASSOCIATIONS ACCORDING TO NUMBER OF BORROWERS, BY COUNTIES.—Continued.*UniODEliz*beth«..Plainfield....WarrenTotal, 1893....Total, 1892...Total, 1891...COTJNTIESt• See summaries 6 and 7, below, for totals.o oI8i9914851787571NUMBER OF ASSOCIATIONS IN WHICH THE NUMBEROF BORROWERS IS11422(0202204t City totala included in county totals.8504938161114>O§162712682^2

204STATISTICS OF LABOK AND INDUSTRIES.SUMMARY 6 -BUILDING and LOAN ASSOCIATIONS OF NEWJERSEY-NUMBER OF SERIES, SHARES OUTSTANDINGAND CANCELED, AND SHAREHOLDERS.SERIESRUNNING-tNUMBER OF SHARKS OUTSTANDING,AND PLEDGED.CANCELEDCOUNTIES.*AtlanticAtlantic Ci'y..Hammonton..BergenBurlington....BurlingtonMoore»town ..Mount Holly...Camden|jCamdenjGl'cester City.Cape MayCumberland.BridgetonMillvilleBellevilleBloomfieldNewarkffGloucesterHudsonÂrlingtonBayon&e.........HarrisonHobofeenJersey Citytf...Hnnterdon....2017226422261281192253329321017756-21733504141841763272914186218139P13o14,10816,3823,729124,81624,1632,6981/2538.1G9I32,229 1,86370fl 5651,037 8348,6504,214338291,4403,9902,84048821765fi95,495 39,506" 10 10082,168 j 36,7081 7 9403,202 6fil 517. 5,06217,5418,0567,071136,5572,1195 487110,1839,9976 125 1263.97412.20212 0786 6,8886 80,0144,4151,1164,5951.6151,7566622,5151,0721,11534,962 25 3086981 4671,485|27,594 21,7171,9761,03129,309 31 2311,789 1,0692,852 1,7(583,283> 8 084970' 42419,899 24,397362 98Ị5ft3(>()2l2034,3601,374§1458078429,40(528,702444542,080543(5419,6542315515,877345?1,9227201 084199640§4,408264t•8?1 Oow4,049l.WVO1,4724,4497,7427612372,23419,07516,555l,0»81,4795,2072,5042,102410476!M>1.54534,9503,284 3336,0781,1208H4H3.4031,89520,0721,313* City totals included in county totals.+ Exclusive of perpetual associations.tlneroage of number issued during year over number canceled. See above, p.} Decrease.I InclusiT© of 2 National and 1 State association A.% Inclusive of 1 National.PKR CENT.OF OUT-STANDINGSHARES.o>-a bi)t>s35»73917322010 i271918342929:$229:u26283229282728283030WJ"OD3?1()1428331718241741441721:w202425332726112445'232714238iis&.9S15 o3o131022161118IT81006101914131518221720162527142fi6802

M ooTotal.f— oweooosO

• * *1206STATISTICS OF LABOR AND INDUSTRIES.SUMMARY 6 -BUILDING and LOAN ASSOOIATIONS OF NEWJB^BY-NUMBER OP SERIES, SHABBS OUTSTANDINGAND OANOELED, AND SHAREHOLDERS-Oont'd.SER IESRUNN] NG.fNUMBER OF SHARKS OUTSTANDING, CANCELEDAND PLKDGRD.COUNTIES.*Mercer?TrentongMiddlesexNew Br'nsw'k,Perth Am boy.South Amboy..Monmouth...MorripOceanPassaicPalersonPassaicSalem.SomersetSomervilleUnion. ElizabethPlainfieldWarrenTotal, 1893.,Total, 1892..Total, 1891,.297291275113F8172954911327853627105219114013152,0991,775L539§'8 o8? >,97t938725579101442.730784478155.005 73 287.2li>,40211, KM)1,309||2211 2801181,76431)94007,7127,04558431071K540105,7533,24115424770,27983,182*City totals included la county tot«l«.tExclmire of perpetual asMOciafcionn.t Increase of number issued during year over number oanoeled.$ Inclusive of 1 State.I Decrease.•sbo[pled§Borro3,0182,4f>98,181fi, I8fl1,4*.) I7724,5(>0i,r>i3oo-)14 3889,2544.H523,5341,41598(113311.7CU8,771l.O7fl801173767153813PBR CENT.OP OUT-STANDINGBHARRS.Pledg131231352528313240272435322830182932243327 420.9year,U)q"Sa640717a14201632374'225181717£220222124~2a30I3•s1I18121018U12222321123.31812101819171881,718 l.'UO'in 25 3 30 14See above, p. lfifl.

COOPERATIVE BUILDING AND LOAN ASSOCIATIONS. 207SUMMARY 6.—BUILDING and LOAN ASSOCIATIONS OF NEWJBBSEY—NUMBER OF SERIES, SHARES OUTSTANDINGAND CANCELED, AND SHAREHOLDERS—Oont'd.NUMBER OF SHAREHOLDERS.NUMBER OFSHARES HELDBY ONESHAREHOLDERAVERAGE NUMBER OF SHARES.AVERAGE PERASSOCIATION.PLEDGED.3HI£borrowers.om&4lareholI©PQnallest.11>holder.iII3,0092,6164,5272,44ft9356003,2158743957,5525,6981,7187538225261703292251,499889252211857 26264 3098 241,5591,132381190 2521816730833352f>35201922263123 13427872251BOH187300359292395419407572753206263170477561in 6010595889886811271905484231001002052055020100402015015060354040151l^.iy'l111111111113,388. 2887,320 3311,460 4371888 S7S1.194 2521,403 5611,6501,5961,5152,9182.7064,6191,6151,2561,6507813033395051,940446S851795026603907.99.25.86.16.44.74.65.53.96.96.68.16.46.1 6.46.2 5.94.68.410 95.4ft.S5.S3.65.35.86.29.28.222.78.15.843181945464829S3575075146058006612,6275113714931336,3104,6475434111,6851830102262818148 363716162712059914861743184031811136 12,3413 0532,2261,324114673421766.35.98.26.46.96.6ie.fi5.969097453843093,889 22,910 24 487,762 21,75278,725 19 2552525316299290777571318300207iii2,1351,9711,9142813043166.76.66.67.57.16.8585529486

*$* I ifIssiLlMliEa^ sss §_».ii_is85_i_ii§Corporations,firms, Ac.S «^K £ gsS gBSl_l_IMCorporationsfirms, &c.ao sonsnvig

SUMMARY 7.-BXTILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—SHAREHOLDERS ANDBORROWERS-MALE, FEMALE AND CORPORATIONS, BY OOUNTIES-Continued.GloucesterCOUNTIES.*HudsonfArlington. ... ...» .BiyoniiB ••» ...... >Barrifton .. • »..

ss.Fr-I ? Illis sQi IO CO£ si! S_jS g IIITotal.iS alts EMale.SB1 2Female.Corporations,firms, Ac.Total.IS(^ OQg|ICOMale.Female.$0QHoCorporations,firms, &c.^1 -*i -

ftdtd82CDj stOJ-J*- 1 COfrPhJ -•3 O toooCNumber of associations.Shares in force.CD 03 CQShares borrowed on(pledged).pi5OW50 ^co^ totSasS l+* toTotal shareholders.u3 25 brfBorrowers.3to""^1H-* 00 CDNet worth (net assets).S3OInstallment dnes on sharesin force.Net profits on shares inforce.QOQXI5# 8iioixvioossv

SUMMARY 8.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS.—Continued.AMOUNT OF DEBTS OWING BY ASSOCIATION'S.TOTAL OUTSTANDINGCASH BORROWEDDURING YEAR.CASH REPAIDDURING YEAR.LOANS UNDELIVEREDTO BORROWERS.UNEARNEDPREMIUMS.AtlanticAtlantic City..Eammonton.,Bergen.Burlington....Burlington....Mooreetown...Moont Solly..O0UHTIEB.*Camden ,21Cunden -....*. .,Gloucester City....• City totalB included in coanty totalspremiums and undelivered loans.212,91.162|19,009\a§I3$54,06620,246'33,2454 3116 43,76(7 1212 18,475!2214 3131..2,639,6,000I$15 56612.9662,600117 : 34522 9854,87514,66042,47538,4752,000m qoa533 $6,300214 8001,50012 125,7406 26,521l2,3252 19,150j10 39,10071 35,0152.000:$68641,9265,1002,600|33 07524,700;3,334LI2,7495,3993,6291,77023,25621,322f Inclasire of dqes in adraQce and amount owing on cancelled shares, bat exclusive of net wortb, unearnedIao£0Im

SUMMARY 8.— BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS—Continued.AtlanticAtlantic City .„Hammon ton...........Bergen.COUNTIES.*BurlingtonBurlington.., „. ,„....«.« ««...« —MoorestowB ....Mt. HollyCamdenCamdenGloucester City ^.. „RECEIPTS DURING ASBOCIATIONAL YEARS.fDUES, INTEREST ANDREPAID LOANFINES.&2!I8 $387,120 8 $253,1021105,1203152 714 8 107,90825 2762165,098 299,80257,26920 584,587 17 328,965 11 108,92817 435.270 17 29137416 72,66868,653 2 44,429 22318 03331,130 2 17,4987,580107,621 36936415,85031 1,650.436 31 1,132,483 28 378,96621 1,306,957 21 J 913,374 19 277,5362 66,512 2 i 57,954 2 6,676* City totals included in county totals. f Total* inalude discounts.

,9 sswg 2•H IS?! 19 0 OII?QQaCOtd§ LNumber associations.Ot COCM ^ _ GO4* ao O^2 HITotal amount reported.fNumber associations.O h>s: -;25sTotal amount reported.CQM I— 1CO K> K> -vl CD tg CO OP11 w O ^ toasOcotoSoNumber associations.Total amount reported.Number associations.Total amountreported.Numberassociations.CD 00 JZJg a osi00IIAmountreported.I—i$ a. noJN umberassociations.Amountreported.l02 CDJOOi> "^ to w oo8 8 s"i § salNumberassociations.i a i 'Amount | §reported.• >IOQnz

SUMMARY 8.-BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS.-Continued.NO. OF SHARKS.NO. OFSHAREHOLDERSNET CAPITAL AND PROFITSooiCape May....Cumberland.BrideetoDMillvilleBelfevifieBloomfipld .Newark^C0UNTIK8.*5,0627 17,5412 8,0564 7,07165 136,55722 2,1195,48752 110,1839.907§I3i1,4795,2O7J2,594,2,102!I41,6475391,54534,9503,284914;4,1541,81811,65318,202423,14,5991,780.140S* City totals included in county totals. f One National, in which larger portion of shares held by non-residents.54f62616C3,49564C$211,501874,690463,918320,1626,048,04->89,028191,0375,061,061$57,804253,880129,69197,9021,507,9892o,mo93.5811,313,286551,788 156,702Cdooen

SUMMARY a—BUILDINGJAND LOAN ASSOCIATIONS OF NEW JBRSBY—GENERAL STATIS-TICS: SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTED-NESS, RECEIPTS AND DISBURSEMENTS—Continued.AMOUNT OF DEBT8 OWING BY ASSOCIATIONSCape May.Cumberland.Bridg< geton..,,..Millville..EssexBelleville...Bloomfieid.Newark..Gloucester.,COUNTIES.** City totals included in county totals.premiums and undelivered loans.TOTAL OUTSTANDING.1i$5,89l|I3511'2,899532241CASH BORROWEDDURING YEAR.I•SI0305.451 473,190 110,339 2277,264 3614,725:.I$500900900707,7332.00010,193631,080CASH REPAIDDURING YEAR*OI$2003,900900LOANS UNDELIVEREDTO BORROWERS.666,475 231//00 113,500 1582,515 IBaI$1330100314' 612,2233 971 .72,648 3;UNEARNEDPREMIUMS.l!g O3S29621,222f Inclusive of dues in advance and amount owing on cancelled shares, but exclusive of net worth, unearned19,1011816Wo 53S

SUMMARY 8.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERAL STATIS-TICS: SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTED-NESS, RECEIPTS AND DISBURSEMENTS-Continued.RECEIPTS DURING ASSOCIATION AL YEARPUBS, INTEKEST A2U)FINES.REPAID LOANS.OoPiCOUNTIES.*Gape MayCumberland..Bridgeton,......MillillEssexfBelleyille...Bloomfield..Newark^....Gloncesfcer.,* City totals included in county totals. X Totals include discounts.7246552I$108,124402,240199,596152,4843,980,43344,5G3122,3243,395,218724602243|$63,914285,084132,306117,6522,050,82734,99683,1501,713,313m ao623501241ao31$8,112101,72554,66032,500709,4164,18623,805655,315259,818 7 172,085 7 73,302^ One national, ID which larger portion of shares is held by non-residents.toCD©OtI

PiIt8*3srhiir*• • 1 " • •: ; s : * ;• • • • • *Hi !!! i:SNumber ftssociations.Total amount reported.!£ MNumber associations.Total amount reported.a,Bo oborrowed I_-»giSj< g rf *• coiv- 5b e >f» >- X co MCjO W tO H- 4(—11I—Jto * o> o'A. Cl-«o t« to iciNumber associations.Total amount reported.Number association?.iTotal amountreported.si•5 CO K- Oi 1 OO JO t-BH tfk. »O

SUMMARY 8-BUILDING AND LOAN ASSOCIATIONS OF NEW JERSET-GENERAL STATISTICS:SHARES AND-SHAREHOLDERS, NET ASSETS NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS—Continued.NO. OF SHARES.NO. OFSHAREHOLDERS.NKT CAPITAL AND PROFITS.©oArlingtonBavonaeHarrisonHobofcenJersey Citytf..Hanterdon..M«rcer...,Trenton..Middlesex..New Brunswick..Perth Am hoySouth AmboyCOUNTIES.*493**318,4125,'.263,97412,20212,0786,88886,0144,41523,71421,96026,40014,9305,9722,806a©-a6,67S1,1293,3183,4631,89526,0721,3133,0182,4598,1816,1 m1,4947722'o1,£3iI15,888519l,5f.(>1,86063110,8037763,0002^5164,6272,4459:i56003,:^261183*04131232,2102313292251,499889252211-2CDo$7,659,990145,010fi67,0727i4ft6,394,8125,592,097281,778429,165325,6182,170,1771,361 598404,004238,010* Ci'y total-* included in county totals, fl On« National, in which larger portion of aharps is held by non-residents.People 1 *, of Trenton, no data, and omitted. ft Data iiot reported ia one association with $258,325 Assets.,1IIIs15,893,089, a116,354'544,37757I,*90330,40814,303,879'£32,020l,4-,302300,804187,388$1,676,90128,656122,695142,70664,4041,288,21849,758tf33,194H18502,067316,296103,20050,622** From one association, theSZStr 1oCOo a>-3l—io

SUMMARY 8.— BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS.-Continued.oAMOUNT OF DEBTS OWING BY ASSOCIATIONS.CASH BORROWEDDURING YEAR.CASH REPAIDDURING YEAR.tonCOUNTIES.*Hudson^.. ...ArlingtonJBayonne ,HarrisonHobokenJersey Citytf..Hunter don...Mercer....Trenton.MiddlesexNew Brunswick..Perth AroboySouth Amboy4233|2132$390,5786,5325 910175204371,7366,22322 56810,89311,6081,090112439 32II29paoS031,163.962!24 8984 50029,10(17,000;1,061,66918,50030.65113,50023,84823,8484031213129,98825,488• City toUlB included in county tot*\B. t Inclusive of dues ia adv&nee and amount owing on cancelled shares, but exclusive of net worth, unearnedpremiums and tradelirered loans. f 1 National, in which larger portion of shares is held by noc-residenta.woto

SUMMARY 8.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS—Continued.RECEIPTS DUBING ASSOCIATIONAL YEAR Ja©DUES, INTEREST ANDFINKS.REPAID LOANS.Ht—iCOUNTIES.*aHudsonÂrlingtonBayonneHarrison....HobokenJersey City ITHunter doD..Mercer....Trenton..MiddlesexNew Brnnawick -Perth AmboySouth Amboy*City totals included in county totala.463321100,863298,154300,209124,9272,K51,80035$3,776,349100,391250,152195,485678,219405,369118,86178,6864432213425H7$1,930,46152,85467,368199,032104,4941,447,00168,66941,82413,390398,384287,41616,44149,296JTota!s include discounts, f One National, in which larger portion of shares is held by39222I3014$522,21124,664211,11767,1858,220397,42511,30021,04114,700136,01689,7385,07823,420oCOmOHI

SUMMARY 8—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSBY-GBNERAL STATIS-TICS: SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTED-NESS, RECEIPTS AND DISBURSE MEN TS-Contixmed.DISBURSEMENTS DURING ASSOCIATIONAL YEAR8.COUNTIES *o50Hudson*!" 46 $3,548,683 45 $976,613 42Mercer.TrentonMiddlesexNew BrunswickPerth Am boy.Sooth Am boy.•City total* inc)u ied in county totals.•f shares ia held by aon-residcnt*.f Totals iDclade repayment* of money borrowed by associations.% One National, in which larger portion2on

SUMMARY 8.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS.—Continued.NO. OF SHAKES.NO. OFSHAREHOLDERS.NET CAPITAL AKD PROFITS.Qo6MonmouthMorrisOceanPassaicPatersonPassaicSalemCOUNTIES.*Somerset ,SomeryilleSussex•City totals included in county totals..914,8484,7891,51518 52,524143 . 37,88413,8574,8465,0243,300781§£4,5601,54360514,8SS9,2544,8521,5341,415986133t3,2158743957,5525,U981,718753822526170I857264981,5591,13238119021816723^5$840,213292,769127,9552,506,0141,769,695330,501267,03418],04126,510•a$669,544250,957100,5782,052,5921,459,011555,266263,842229,752156,60023,754$170,66941,81227,377453,422310,684133,99666,65937,28224,4412,756so•3todoi5totoCO

SUMMARY 8.—BT7IU>INGr AND LOAN ASSOCIATIONS OF NEW JERSEY—GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RBOBIPTS AND DISBURSEMENTS.-Continued.AMOUNT OF DEBTS OWING BY ASSOCIATIONS.COUNTIES.*TOTAL OUTSTANDINGS3aoICASH B0KB0WEDDURING YEAK.SO1CASH REPAIDDUBINQ YEAB.IgoLOANS UNDELIVERBDTO BORROWERS.q53 O81P5UNEARNEDPREMIUMS.I23COSVMonmouth...Morris „..,.Ocean ,Passaic...Pater SOD.PasBaio....SalemSomerset..Somerrille..Sussex..*City totals incladed in coanty total*.premium! and andelirered loans.14 n222$65,280)77198,22094,4 72.51220,47710$40,4159,075117,22953,36939,96035011$18,7068375108,67946,81939.96C$5,742,.5,8854 5 20427,15711,48114,623$2842843.2652130021,3002718527,1851,95930302,265!3,1106700451|f Inclaaire of does in ad ranee and amoant owing on cancelled shares, bat exclusive of net. worth, unearned

SUMMARY 8.— BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS—Gontinued.RECEIPTSCUBING ASSOCIATION A L YEAR.JaooDUEF, INTEREST ANDFINES.BEPAID LOANSMonmouth..MorrisOceanPassaicPaternon .Paasaic....SalemSomerset ...Somerville..Sussex ......COUNTIES.** City totals included in county totals. % Totals include discounts.31I3931171331398,216120,83637,0051,348,609911,136357,984130,626121,74288,16617,531gO .III*$186,01982,23821,17816 924,241133 702 906221,33571,71878,01351,00912,098aSi$40,8057,73611,400213,012137,57072,67235,33014,37314,3732,000Wo ototo

1 tng00 C* Oi "eft **-! "^1 ->l to O ONumber associations.Total amount reported.Number associations.d!z|BTV00 O v ^ h - J C O O O OTotal amount reported.Ss8 S iS's"! S S w§ h- Li 3 O GO 00 ONumber associations.CO M COTotal amountreported.So»co fflIO-1 ~G>•wôi - CS«« w °< °» g to oo 5J J§ co t-o co gI—« IO OJOIO00 0O'c?« oNumberassociations.Amountreported.Numberassociations.Amountreported.NumberassociationsAmountreported.CD CDsiSitd siCD3o00CTMV50 soixsiivxg

SUMMARY 8—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY-GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS—Continued.NO. OF SHARES.NO. OFSHAREHOLDERS.NET CAPITAL AND PROFITS. 9Union ...Elizabeth.Plainfteld ..WarrenTotal, 1893Total, 1892Total, 1891 ,Average, 1893.Average, 1892.Average, 1891..COUNTIES*.• City totals included in coanty totals.Trenton, a National, no data, and omitted.17 92J2972902710Q39,79427,4924,4522,648634,163571,665518,7772,1351,9711,914§111,7068,7711,076861173,767153,813131,620^85529486CD"3,£38oH6,3104,64754341193,88987,76278,725316299290I1,6851,33010214822,91021,75219,255787571f Data not reported in five associations with $1,271,661 assets.2 Data not reported in six associations with Si,429,986 aseeti.I$2,180,2091,605,243277,210173,904133,836,487£9,989,76725,606,373116,95S103,41394,452•aS3out$790,363;f330,623213,500130,704§125 543 127[[23,617.86020,484,12787,77781,93375,587•8Of |218,485-f-103,25963,71043,200^$6,873,774|f6,085,6596,133,41023,62121,12422,629X From one association, the People's, ofg One association not reporting.bjgto2$fcOto

SUMMAJRY 8.—BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERAL STATISTICS:SHARES AND SHAREHOLDERS, NET ASSETS, NET PROFITS, INDEBTEDNESS,RECEIPTS AND DISBURSEMENTS—Continued.to to 00AMOUNT OF DEBTS OWING BYASSOCIATIONS.Union.......Elisabeth...Plainfield....WarrenCOUNTIES.*Total, 1893.....Total, 1892......Total, 1891Average, 1893..Average, 1892..Average, 1891..TOTAL1682225226187•City totals included in couaty tot&la,premium! and undeiiTered IOKDS.5 389 1 14.182.13 810| -I-CASH BDRROWffD CASH REPAIDDURING YEAR. DURING YEAR. TO BORROWERS.o§aa{355$205,095$227 920|3$209 570'§i$43,345: 8 $395,565162 8329960089,200!22 2612064,000 i4,0006,20028,62117,844$1,379,4211311,0381,002,1256,1315 801!15514814113,097*$2 576,9612 316,5591,999 67916,62515,652 .i1601491419,147 j$2,468,524;2,190,0671,749,11315116J14899;1,896$393,0424.,09438 $167,7324 ? 141f InclusiTe of dues in advance and amount owing on cancelled Bhares, but exclusive of net worth, unearnedOUTSTANDING.LOANSUNDELIVEREDUNEARNEDPREMIUMS.I'IGO1-3mWoc|H

J 8 J* co QO cr>S oo ? *§ P3 ,„,=!I ill8aIgo•" 00OQ "lnibmmto to toCi 00 -'sP MGi Oi O I •-* N> «e -4Number associations.Sa5so ô031> s;0 03 03A 4- Ol M O SGl CD i» Ct *- 4 «O•** O Ci O Ci« rfk it- M CO ^ H - 00j+* to toTotal amount reported.^No. associations.^ II toTotal amount reported.No. associations.Total amount reported.2to wiH IT 1•SNOIIVIOOSSVONV

uO g 32 S S£>5W2 wetor a41S|BIS;ISSiNumber of associations.•! s?j£ siS I liTotal net worth (net assets)^p Total resources (grossfew jo assets).a? Amount.K tdo oCOH^»o w •-*oos COSSooS325Per cent, of investments.• CDM8CO. o ^«oo g!& 2ss ^Book loans (stock), ascollateral only.O*4COsisReal estate.^ 32 a?2 OBtf»0O- -I' Oo5OK5 M.•siCash on hand.COt^ _O j35 M-.P Other assets4coenIs 22 iv»too ^ I'SNOIXVIOOSSYQNV

SUMMARY 9.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENT OF ASSETS,BY COUNTIES—Continued.AtlanticAtlantic City ,Eammonton..Bergen.,«Burlington...Burlington ..... .Mount Holly ~~CamdenCamden CityGloueetter Gity» «..*« M »..^«.Cape May....CumberlandBridgeton „.._ ..Millrille ^* City totals included in county tot*l

SUMMARY 9.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-INVESTMENT OP ASSETS,BY COUNTIES—Continued.Essex.....Newmrk,.GloucesterHudson.Jersey City....HobokenHunterdon.,Mercer...Trenton..MiddlesexNew Brunswick..Perth AmboyCOUKTOEBL*65 5249381o1$7,616,034€,374,347708,5807,659-9906,592,097394 812281,778429 165325s6l82,170,1771,361 598404 0043$8.O41,521|6,736,732725,1338,345,8926,161 250406,617289,404458 821343.699IJ2.190 2491 363,421412.909BOND ANDMOETGAGE,E3OB$7,398,1136,189,164667,6677,735 6065,t)75, ( .«87379,000262541393 6n8308.0051[l ,973.1581 244 955INVESTMENT OP ASSETS.31P CQ2§&9292929189916911 392 $336,524 $63,87891 283,843 56,20710,336129,270103,3377,4805,64414,08884 55371,98217.226 15,4426,035; 8,670113 929' 9,03392,944 4 64'9,000 775•City totals included in county totalg. f Inclusive of arrearage*. gOne email association not reporting details of investments,for one association not reporting. V Partly inclusive both of mortgage and stock loans : Middlesex, $225,190.$143,205121,84214,456217.839151,49917,3818734 8592.32645.3267 38327,514u$97,47383,34818,686178.424158,4452,75620,34627 63618,66348 95413,49328,5903 Data for 1892oo6hitdI—(ODO§§to

StTMMABY 9.~BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—INVBSTMBNT OP ASSETS,BY COUNTIES—Continued.ARREARAGES.DUES INADVANCE.EssexNewarkGloucesterCOUNTIES.*HudsonJersey City *Hoboken ;HnnterdonMercer..Trenton- ~, ,MiddlesexNetr Brunswick „Perth Amboy-* City totals included in county totmliTOTAL.aga63! $51,97450 40,8447| 11,67335,25'165,57047.8492,7562 20,346157319,96518,663'24,4847,26010,089'62493121$26,63120,7254,42032,77722,56618723,70212,73812 1123,6291,27

SUMMARY 9.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-INVESTMENT OF ASSETS,BY COUNTIES—Continued.INVESTMENT OP ASSETS.9BOND ANDMOETGAGB.H•COUNTIBS,*I08a 0OB8-9nIoO

I•§ 11 nli ?! honSIg«3I-* CO CO O3 r- Ol «-» CO CDAssociations.Amount.O5 g

SUMMARY 9.—BUILDINa AND LOAN ASSOOIATIONS OF NEW JEBSEY—INVESTMENT OF ASSETS,BY COUNTIES—Continued.INVESTMENT OP ASSETS.O ot1BOND ANDMORTGAGE.Union ,Elizabeth..PJainfield..Warren..Total, 1893Total, 1892COUNTIES*Total, 1891 271Average, 1893**Average, 1892**Average, 1891**17173 904297 $33,836,487290 £9 989,76725,608*373116 958103,06894 4483oS$2,180,209 £$2,458,760 £$2,333,4651,605.243 1812 2OJ §1751,790277.210 283,624 247,073193 372 170 20026,m 1132,88345831,769,281 ||29,025,14027,084,9051 ^24,847,905120 : 627 119,575109,308, 102 85099 9401 91.690919687O !$52,38825,58415,68713,95092 $1085,334912 1,012 61391.2 1 803.24150713,7372 9642"5A$2,5002,5004,643T3ao$35 94113,80513,3632,700$405,758 $752,570330,358, 717154339,397 532,866$29,54015,5257,5011,879$699 262684,016561,6964,316 2,757 2,4611140 ; 2 490| 2 3751252 2 335; 2,077•City tot»ls included in county totals. f roclusire of arrearage?. {One small association not reporting details in inFestments. ^ Partly inclusiveboih of mortgage and stock loana: Middlesex. S225.190; Paiem, $41,574; Union, $201,840—a total of $1,425,597; also, $516,654 not ba*ed on stock.I Partly mortgage and stock loans included, a total of $1,250,946; also $480,700 not based on stock. % Paitly mo tgage and stock loans included—a totalof $1,871,281. •• For associations reporting.!ma5>o

SUMMARY 9.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENT OP ASSETS,BY COUNTIES- Continued.j00ARREARAGESDUES INADVAKCK.FINES.PREMIUMSH>UnionElizabeth..Plminfield..COUNTIES.*125IOa$21 TOfi6,8700§1152Ia$6,5001,5283,997a oB9| $8 2104 5,32821 2,683§10! $1203945156oMIa§OS313 $72 9076 71,0442 181ODOWoWarreo.1,63036 i53TotaJ, 1893,....,,,,Tota), 1892Total, 1891Average, 1893f...Average, 1892t...Average, 3891t~263 $367,31:8245 283,052222 246,7901,3961,1551112212 $140,870190 109284157 92,538665575525\S6 $92840163 64590 1339 45 1311499|396'325169 $14,254142 10,0985,71514028$7,0889,170617613922922 L181 $187,502175 191,071143 1349751,0361,0929443 s•City toUls included in county totals.t For tasociations reporting.

SUMMARY 10.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-MATURITYOP SHARES.LOCATION AND NAMES OF AJBSC CIATIONS.§NUMBER OP SERIES MATUREDSERIES.DURING YEAK."3 a3§Bai

SUMMARY 1O.— BTJUJHNGr AND LOAN ASSOCIATIONS OF NEW JERSEY—MATURITYOP SHARES—Continued.NUMBER OFSERIES.SERIES MATUREDDURING YEAR.ASSOCIATIONS.Camden county.Camden City—Artisans*..Camden.~City-ExcelsiorFranklin.German CentennialMechanics' and Workingmen'eMutualNorth Camden ~People's-South Ward.,Gloucester City—United MutualHaddon field—Mutual* Dries, 50 cents monthly.Dec., 1873July, 1867May, 1874July, 1870Sept., 1873April, 1876Febt, 1871April, 1872Oct., 1879Mar., 1871June, 18-59Aug., 1866Feb, 187420261923201722ii;14:223427!19J"833827,19'23;2019222114223226196C*Sn201110191i/Sept., 18P2\Mar., 1893Mar., 1893July, 189310 Sept., 189310' Jan., 189311! Mar., 189310! Dec.. Ib92IOI ;10: Nov, 189211: JUUP, 1893n:AprD } 18939.0110.179.149.299.858.7510.178.4910.467.079.01.8.24i

SUMMARY 1O.-BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-MATURITYOP SHARES—Continued.§NUMBER OFSBBIBP.SERIES MATUREDDUKING YBAB.QoHLOCATION AND NAMES OF ASS CIATION.Cape May county.Cape May City—Saving FundDennisville—Loan and BuildingSonth Seaville—Loan and BuildiDg. ......Tuckahoe—Building and LoanoJan., 1867Feb., 1881Feb., 1872Mar., 18701k, ! CD. r 4 i—i26, 2412 122V 2123 23*3a311111110.July, 189 iOct', J87211a334148140130W 3fo >25Cumberland county.Bridgeton—Merchants 1 and Mechanics'.Millville—SecurityApr., 1870 23' 23Nov., 1874 18; 3611UiBee, 1892Sept., 189314114359 0057 00200200COooEssex county.Newark—CentralExcelsiorGermanMutualJune, 1881 12 7 6May, 1869 | 24 7. 7June, 1881 j 12 7 f>May, 1867 | 26, 79j 42Apr., 1893Nov., 1892July, 1892Oct., 1893141137133129|59 00 7.07 20063 00! 7 97 20067 00 9 02 20071 00 10.17 200

SUMMARY 1O.— BUILDING AND LOAN ASSOCIATIONS OF NBW JERSEY—MATURITYOP SHARES—Continued.LOCATION AND NAMES OF ASSOCIATIONS.Gloucester county.Clayton—BuildiDgMollica Hill—Loan and Building.Paulsboro—Loan and BuildingWilliamstown—MonroeWoodbury—Real Estate..Hudson county.Harrison—People's...Middlesex county.Jamesburg—Mutual -Monmouth county.Asbury Park—Building and Loan...Long Branch—Building and Loan...IftMar, 1880Jan, 1876Mar, 1872Feb, 1870May, 1871131721 i2322Sept., 1873 ! 20iI \| Feb., 1869 | 24f ;Feb, 1874 < 19Dec., 1869 j 23,NUMBER OF8KKIE89 81720 n!12;18 822 1120 1120 10;16 ill8ERIE8 MATUREDDURING YEAR.ISept, 1893Sept, 1892Apr., 1893Sept., 1892Nov., 1892Sept., 1893Jan., 189318925§aI138 1 |62 00141 59 00133 67 00146141354 0059 00135 65 00143 ! 57 00132i 6800134| 66 001§5« P.U12Is1og19 01 $2007.07 2009 02 2006 03| 2007 07 2008 49 2006 61| 2009 29 2008.75) 200GOHowoQQ

organiIsite ofSUMMAEY 1O.-BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-MATURITYOF SHARES—Continued.ooNUMBER OFSERIES.SERIES MATUREDDURING YEAK.mLOCATION AND NAMES OF ASSOCIATIONS.Salem county.Ouinton—Buildinsr and Loan*Salem—Franklin ,Woodstown—Union..... ,»PNov., 1870Apr., 1861Jan., 1870tion.£.IOQ3223"8 pOQ

Number associationsreceiving no premium.,Associations not reported.

IIP ** ^ O ® SWPSi!£ so =og5!6 per cent.5.4 per cent.5 per cent.4 5 per cent.S32 S§24 per cent.3 per cent.8Not reporting.i—igIVQgHighest average inany one association.IHighest.1Lowest.Number of associationsreceiving no premium.Associations not reported.'SMoiiYioossy

OSH* tO CO *6 per cent.5.4 per cent.5 per cent.4 5 per cent.I|4 per cent.3 per cent.Not reporting.to3CO3CObxHighest average inany one association.9§cIa00Highest.goa 1^233!TLowest.Number associationsreceiving no premium.Associations not reported.

SUMMARY 11.—BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY—INTERESTAND PREMIUM RATES—Continued.INTEREST BATES—NUMBERASSOCIATIONS MAKING LOANSDURING YEAR ATPREMIUM RATES, PER CENT.|0?LOCATION,*Sussex county..05§•a5IS-5 8S o>S3 *Union countyElizabethPJainfield10512^; .075 m12 g3 g; .065 m15 a; .105 m15 g6 g; .105 m.50 p; 02'D10; .025 mWarren county..7.50 g8 75 0Total, 1893...Total, 1892...Total, 1891...256239214•City totals included in county totals,interest-premium associations.2115281746f tn means monthly; g gross dedu tive.g One for call loan only; other loans, 6 per cent.5710352836ree

Atlantic county.Atlantic City.HammontonBergen county.Burlington county.,BurlingtonMt. Holly ôlly . ,...Camden county..Camdec. »„,Gioucester City....Cape May county..SUMMARY 12,— BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-PREMIUM PLANS.LOCATION.*TOTALNUMBER.8322017233123GROSS INSTALL 'INTEREST PRE-DEDUCTIVE. MfiNT f MIUM, GROSSAND INSTALL-1I 12311 8I13(J15....MENT.Ji4..... i1220'13!1 •;..1,1Cumberland county.BridicefconMillill. . • = , :* City totals ineladed in eoaaty toUle. f Inclusive of gro«s amount, payable in instaHmente; bnt when not noted to contrary, monthly installment?.% Combination of the three methods. ?1 being Interest-premium. $3 being "grow, payable in installments, and 1 weekly. ^1 being interest inadnnce. ** Included under groaa d«daotire.to00sto

SUMMARY 13.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—PREMIUM PLANS—Continued.TOTAL GROSS INSTALL- INTEEEST PBE-NTJMBEB. DEDUCTIVE. MENT.! MIUM, GROSSAND INTSALL-MENT.JLOCATION.*Essex county65 4 59 4IllNewark . „ ..5222•j4822Belleville.....Gloucester countv7 4 6 4 1Hudson county4929 14 **16 3 3 tf2Jersey City38 14 24 n **10 3 3 tti \Hoboken.....1332 l21Arlington , ,.....1 2 lttiHarrison . . . ....2 2Hunterdon conntv92IVf proer oountv1 7 1 1Trentoni 1 3 l i* City totals included in county totalB. f Inclusive of gross amount, payable in installraents; but when not stated to the contrary, monthly initalimontp.£ Combination of the three methods. g Inclusive of 2 gross, payable in installments, and 1 interest-premium. || Homestead association.% 1 being interest-premium. ** Inclusive of 1 gross installment and 2 weekly. ft Included under gross deductive.Associationsreporting.Allowing rebaiiTotal number.Rebates.Total number.Total number.Rebates.Gross or instalIment.Not reported.Oo3bda800COOooCDSO

SITMMARY 12.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—PREMIUM PLANS—Continued.tooMiddlesex county...New BrunswickPerth AmboyMonmouth county..Morris countyOcean countyPaesaic county.PatersonPaasaic.-..Salem county..LOCATION.*TOTALNUMBER.o a5ts!

11SUMMARY 12-BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-PREMIUM PLANS—Continued.LOCATION.*finss€*x county . . . . .TTnion countv ... .Elisabeth «Plainfield,•„»«.*....„.,TO! \ALNUMBER.Warren county...Total 1893 ... ...2295151211211 48 U81 3 3 **3 3Total, 1892282 56 tf208 51 68 4 3 2 9•City totals included in county totals. f Inclusire of gross amount, payable in installments. J Combination of the three methods. § Inclusiveof 1 net. | Of these: Gross deductiTe, 207 ; gross or installment, 3 ; net, 1. % Of these: Gross, payable in installments, 6; interest premium. 2; andthe balance on the Massachusetts plan—«o many cents periodically per ihare. Of the latter: Monthly, 68; weekly, 3; bi-weekly, 1; monthly or weekly, 1.** Incuded under gross. ft Including interest premium, interest in advance and net, 1, respectively.Associationsreporting.11792iAllowing rebai53GROSSDEDUCTIVETotal number.Rebates.$13 5INSTALL-MENT!Total number.141INTEREST PRE-MIUM, GROSSAND INSTALL-MENT!Total numberRebates.aGross or instal•*s• | Not reported.

SUMMARY 13.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—PERIODICITY OPISSUING SERIES, MATURING VALUE OP SHARES AND INSTALLMENT DUES PAYABLE.toOxtoNUMBER OFNUMBER OF ASSOCIATIONS IN WHICHINSTALLMENT DUESPAYABLESERIES.*SERIESABE ISSUED.MATURING VALUE OFSHARES ISPERIODAMOUNT.GOAtlanticBergenBurlingtonCamdenCape May-...COUNTIES.Cumberland ..»EssexGloucesterHudsonAssociations.820173186o71249 4"8I9414017741512395556Qs as64128119293756250-i107 63285 272'5.111Annually.6914241 51 3°il 624Exclusive of perpetaal and inclusive of terminating associations.Ull, l. § Various.Seini-annually.531Quarterly.93 1Monthly.33iIrregularly.9,9813$3001i8l'O(M8CM7191186578tl43' 3Monthly.8191731Semi-monthly.761726 4Weekly.1Various.18 1f Including one aeries (oldest) of a Newark association only.55-819112787627261250 cents.61%134: 18X IncludingiI93m Hi

: • * •Salem 1 3Somerseto560 1toia Coto>Passaicd00 M_i003O; _iJO C30 MLOM:MorrisMonmouthMiddlesex00 CD 00MMM OiHJ goH» U*. Ol>—* CO GO^-« 05 M: M- to to

SUMMARY 13.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—PERIODICITY OF ISSUINGSERIES, MATURING VALUE OF SHARES AND ISTALLMENT DUBS PAYABLE—Oont'd.COUNTIES.Suaaex ....„*„..............Union,...Wairea.,..Total, 1893Total, 1892117298291NUMBER OF2\.191.j1 I* ExclaaiTe of perpetual and inclusive of terminating association.!. f Including,elation only. | Including bi-weekly, 1, % Including Tarious, 2: 92,1.2231212,6662,262NUMBBR OF ASSOCIATIONS IN WHICHMATURING VALUE OPSERIES ABE ISSUED.SHARES ISto.5*3 a2,099 t& 1611,775 t9; 1643815....273^1268 15INSTALLMENT DUES PAYABLE.16263a :a iHi§5 2522AMOUNT.161 ....255|i253!2 3a ao oO "513! 2412; 22£ Including one aeries (oldeai) of * Newark asso50s! S

SUMMARY 14.—BUILDING AND LOAN ASSOCIATIONS OPSTOCKHOLDER.NEW JERSEY—LOANS TO A SINGLEOUTSTAND-ING LOANS.8TOCK LOANSDURING YBAB.JREAL ESTATE MORTGAGE LOANS DURING YEAR.AVERAGE, CLASSIFIED BY ASSOCIATIONS.ooOOUHTM8.*0a08€0-oJfsbdAtlantic.Atlantic City...Bergen..,Burlington....CamdenCamden City...Cape MayCumberland..EssexNewark1,1661,5109331,1131,1007C68051,7921,8541,039$6,0004001,2001,5003,5003,6005414005,0005,000J500$101525121220255102510lo14,0004,0005,00010,300|18,70018,7004,0009,00011,000|11,00010,600Gloucester....4,0002,27117,000, J004,000Hudson2,6152003,000 20017,000Jersey City.....1,08217,000200Hunterdon....* City totals included in county totals. f For lo*m>, both mortgage and stock. % As reported by Secretaries. Or$1004001005050501005050100100135139l15126|2110&

SUMMARY 14— BUILDING AND LOAN 4.SSOOIATIONS OP NEW JERSEY—LOANS TO A SINGLESTOCKHOLDER—Continued.OUTSTAND-ING LOAN8.STOCK LOANSDURING YEAR JREAL ESTATE MORTGAGE LOANS DURING YEAB.|AVERAGE, CLASSIFIED BY ASSOCIATIONS.COUNTIES.*aS3a03osMercer..Trenton..8,000$1002002lMiddlesexNew Brunswick...7,5007,60050505 l6Monmouth..25 14,00050Morrip........lOj 5,0002002Ocean900|100 2,00040011Paseaic.—..PatersonPasaaic2,0002,0001,2006,0006,0005,000100 ...100 .....2lSalem1,470 ': 1,65597Somerset.. .•City totals included in county totals.1,122 60o| 25 5,000t For loans both mortgage and stock.100X AB reported by Secretaries.

SUMMARY 14—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—LOANS TO A SINGLESHAREHOLDER—Continued,OUTSTAND- STOCK LOANS jING LOANS. DURING YEAR tREAL ESTATE MORTGAGE LOANS DURINGYEAR.|AVERAGE, CLASSIFIED BY ASSOCIATIONS.©6ISussex.,UnionElizabeth .PUiBfield .WarrerTotal, 1893...Total, 1892..COUNTIES.*fl,164J,3971,3352,4T51,243$1,461$1,369aCO$140) $251,000!6001,000200 200$6,0005,000Total, 1891..1,31020,00062•City totals included La county total*. f For loans, both mortgage and stock. t As reported by Secretaries&$2,10013,0006,0003,6004,800$ 8,70022,900$GO050..50 ...600 ...200.$50,20i £42116051o89 6119190CO03-O454443©_ |116 1 214j 22 1oit267459t" 1o>05

SUMMARY 15.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY-PLACING OF LOANSDURING THE YEAR.OOUNTIRS.Atlantic.BergenBurlington...CamdenCape May.....Cumberland.EssexGloucester.,,..HudsonHunterdon..Mercer.*• Thai reported. Not included elsewhere.iI82017318765749281111462121t Not reported; 1 National.3811114122222RADIUS OF DXBTAHCB—MILES.so 2gOS-a £+3 O14Ia'•35IsI sto0000s3QQooQQ

SUMMARY 15.—BTJIIiDING AND LOAN ASSOCIATIONS OF NEW JERSEY—PLACING OF LOANSDURING THE YEAR—Continued.COUNTIKS.Number of associations.1 and under.s5 to 10.RADIUS OF DISTANCE—MILES.10 to 26.25 to 50.50 to 100.Over 100.Within city ortownship.*Within county.*Within state.*ing.Associations not re8.aMoney loaned or seout of state.Middlesex.-MonmoQthMorris........ . «Ocean -.-»PassaicSalem......Somerset....Sussex.UnionWarrenTotal, 1893Total, 1892Total, 189118931183411722982912721132283630311126865276* Thus reported. Not included elsewhere. f N. Y. Saving* bank, 1.422114546461212230472218138i764433*1111338283011122221832 1130 :35;35Jt152217oasO1to

260 STATISTICS OF LABOR AND INDUSTRIES.TABLE 1— LIST OF BUILDING AND LOAN ASSOCIATIONSOF NEW JERSEY.LOCATION AND NAMES OP ASSOCIATIONAND SECRETARY.ATLANTIC COUNTY.BERGEN COUNTY.BURLINGTON COUNTY.252610111212413"13*1414*15161718192021222324Atlantic City—Loan and Build'g, T. G. Garrett.*Mutual, Carlton GodfreyPeople's, C. L. ColeEgg Harbor City—Bdg. and Loan, T. H. Boysen.Hammonfcon—Loan and Build'g, W. R. Tilton..Workingmen's, J. C. AndersonMays Landing— Bldg. and Loan, E. D. RileyPleasantville—Mutual, Isaac AndrewsAllendale—Orville Co-operat'e, David Pickene..Bogota—Building and Loan, R. J. DyattCarlstadt—Mutual, Adolph KruegerCloster—Harrington, E, K. SextonEnglewood—Mutual, M. E. 8priogerFairlawn—Saddle River, J. G. PrazisaHackensack—Mutual, Frank PitcheiFort Lee—Building and Loan, Charles DuBois..Hasbrouck Heights—Bidg. & Loan, E. M. AnBonHillsdale—Progressive, W. P. Barstow, JrLodi—Bldg. and Loan, Herman Sonntag, JrMidland Park—Franklin, Thos. HoltOradell—Bergen County, C. H. StormB.......,...»Park Ridge—Eureka, J. W. NorrishWashington Township, J. J, Wortendyke...Ramseys—Bldg. and Loan, D. S. WanamakerRidgefield—Building and Loan, G. S. WoodRidgewood—Building and Loan, O. W. ReedCo-operative, Hudson CampbellRutherford—Mutual, C. E. TolhurstJan.,Feb.,March,June,Dec,jjan,April,April,April, 1889.March, 1898.May, 1890.Feb., 1888.May, 1887.May, 1893.1869. Serial.1889JSerial.1884.i8erial..1884.i8erial.1871. [Serial.1877.'Serial.1890. Serial.2870.'Serial.SerialPerpetual.SerialSerialSerialSerialMarch, 1887. jSerialDec, 1892.June, 1890.April, 1893.May, 1892.Feb., 1891.March, 1888.Feb., 1890.(SerialSerialPerpetual.SerialSerialSerialSerialMarch, 1890. jBerialAug., 1890. {SerialNov., 1889. SerialMarch, 1885. SerialFeb., 1891.May, 1876.iSerialSerial.......Beverly—Building and Loan, E. C. Reed...... Jan., 1868. (Serial.Bordentown—Bldg. and Loan, Wm. H. Wilson.. March, 1880. ISerial.* Died Bince report.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 261TABLE 1.—LIST OP BUILDING AND LOAN ASSOOIATONS OPNEW JERSEY—Continued.NUMBER OPSERIES.8EBIE8 MATUREDDURING YEAR*INSTALLMENT DUESPBR SHARE.a'85103aAnnuallyAnnuallyAnnuallyAnnuallySemi-annually...AnnuallyAnnuallyBiennially1748927173910 Sept., 1892.48916 Nov, 1892.10 Nov., 1893.Nov, 1892129132130128Monthly..,Monthly..Monthly..Monthly.,Monthly..Monthly..Monlhly..Monthly..AnnuallyMonthlySemi-annually.,Annually.AnnuallyMonthlySemi-annually.,OptionalBemi-annually.Semi-annually.AnnuallyAnnuallyAnnually.,Annually ,AnnuallyAnnuallyMonthly*MonthlySemi-annually.466410272354334172432466410272353334172321126Monthly..Monthly..Monthly..Monthly.,Monthly..Monthly..Monthly-Monthly..Monthly..Weekly...Monthly..Monthly..Monthly..Monthly..Monthly..Monthly..Monthly..Monthly..Monthly..Monthly.,•2002002(10200200200200200200260200200200200200200200200200200111212J]333*1414}1518192021222324Annually23Optional4•Association year.113July, 1893140 Monthly..Monthly..2002002526

262 STATISTICS OF LABOR AND INDUSTRIES.TABLE l.-LIST OF BUILDING AND LOAN ASSOCIATIONSOP NEW JERSEY—Continued.gLOCATION AND NAMES OF ASSOCIATIONAND SECRETARY.!InSi?2728293031323334353637404142434445464747*48495051525354BURLINGTON COUNTY—CONTINUED.Burlington—City, G. A. AllisonFarmers' and Mechanics, H, 8. HainesDelaneo—Building and Loan, J. G. HippenstieLFlorence—Saving Fand, Robert Patterson...Moorestowa—Building and Loan, E. May...Workingmen's, Gilbert Aitkin.Mt. Holly—Building and Loan, F. B. LevisIndustry, J. H. GaskillPeople's, J. L. Jamison....New Gretna—-Bldg. and Loan, M. W. Adams...Palmyra—Building and Loan, R. L. Temple....Pembetton—Bldg. and Loan, J. B. Hankine....Riverside—Building and Loan, 8, J. Windle...Riverton—Cmnaminson, H. B, HallTuckerton—Mutual, C. M. Berry.CAMDEN COUNTY.Camden City—Artisans', Geo. E. Fry..Bishop Bay ley, No. 2, Thomas Cur leyBrotherhood, Francis WarrenCamden, H. F. GeiterCity, E. K. FortinerEconomy, J. J. Burleigh ,Eastern Union, A. P. FlemingExcelsior, W. 8. RisleyFranklin, E, K. FortinerGerman Centennial, A. J. Obersfr.,... .,Guarantee, G. M. BeringerHomestead, G. G. FeltonMechV and Workingmene', G. G. Felton...Mutual, B. F. SuttoirFeb., 1868. Serial.March, 1871 Serial.May, 1890. Serial.April, 1882. Serial.Vec.^ 1891. Serial.Feb., 1888. Serial.Feb., 3862. Serial.April, 1874. Serial.1883. Herial.March 1889 Herial.Feb., 1887. Serial.,1884. Serial.,1880 Serial,.Oct., 1878. Serial..March, 1874 Serial..Dec, 1878.March, 1880.Jan., 1892.July, 1807.May, 1874.Dec, 1881.Feb., 1893.July, 1870.Sept 1873.April, 187(5.Aug.,Jan.,April,188(>.1885.1871.1872.SerialSerialSerialHerialSerialHerialSerial (Nar.)BanalSerialHeria)SeriaJSerialSerialHerial

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 263TABLE l.-LIST OF BUILDING AND LOAN ASSOCIATIONSOP NEW JERSEY—Continued.AnnuallyAnnuallyAnnuallyOptionalAnnuallyBienniallyAnnuallyAnnuallyAnnuallyAnnuallyAnnuallyAnnuallyAnnuallyAnnuallyAnnuallySemi-annually..AnnuallySemi-annually..AnnuallyAnnuallyAnnuallyMonthlyAnnuallyAnnuallyAnnuallyAnnuallyAnnuallyAnnually...Annually* A&Bociatlonal year.NUMBER OPSERIES.202233232219102697157388227191010232019792221SERIES MATUREDDURING YEAR.*08a aI I11 Mar., 1893 13311 13433231214411 Dec, 1892. 14110269710 129520Sept., 1892. 130Mar., 1893 1306213913810 Mar., 1893 129101019 July, 1898 21810 Sept., 1893. 13210 Jan., 1893 1307911 Mar., 1893 13110 Dec, 1892. 129INSTALLMENT DUESPER SHARE.•8Monthly..Monthly..Monthly..Monthly..Monthly..Monthly.,Monthly.,Monthly..Monthly..Monthly..Monthly..Monthly..Monthly..Monthly..Monthly..Monthly.Monthly....,MonthlyMonthly.MonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthly1 001 00$200200200200200200100100100100200100200200100200200200200200100200200iOO20020020020027282930313233343d36373839404142434445464747*48495051525354

264 STATISTICS OF LABOR AND INDUSTRIES.TABLE 1.-LI8T OP BUILDING AND LOAN ASSOCIATIONSOP NEW JERSEY—Continued.1so55565758596061626364656667686970717273747576777879LOCATION AND NAMES OF ASSOCIATIONAND SKCRETARY.CAMDEN COUNTY-CONTINUED.Camden City—MutJ. Guarantee, Thoe. Gaffrjey. Feb., 1891.'Serial (Nat.)North Camden, J. J. BurleigbOct., 1879.'SerialPeople's, G. G. Felton...,„... „.... March, 1&7I, Serial.Provident, A. D. AmbrusterDec, 1892. SerialSouth Ward, No. 2, S. C. Newton June, 1859. SerialState Mutual, F. R, FithianDec, 1891. Serial (State)Stockton, F. L. VintonDec, 1890, SerialBerlin—Building and Loan, T. E. Bradbury.... March, 1880. Serial.Chesilhurst—Bldg. and Loan, J. E. Thompson. Sept., 18S7. Serial.Clementon—Bldg. and Loan, Abel Bottoms.... April, IHM. 'Serial.Collingswood—Mutual, S. C. McGillMay, 1890. Serial.Gloucester City—Improved, D. O'Kane ,... July, 188(5. Serial.United Mutual, Henry BlackAug., 1866. Serial.Haddonfield — Mutual, J. L. Rowand ""eb., 1874. Serial.Lindenwold—E. W. O'Connor*March, 1890. Serial.Magnolia—Mutual, J. J. AlbertsonMay, 1889. Serial.,Merchantville—T. S, NekerviaNov., 1893. Serial.CAPE MAY COUNTY.Avalon City—Bldg. and Loan, S, D. Jones...*...Cape May City—Savings Fund, N. C. PriceCape May C. H,~Mechanics*, E. C. HewittDennisville—Loan and Bldg., L. M. RiceOcean City—Bldg. and Loan, Wm. LakeSea Isle City—Bldg. and Loan, J. T. Scull...South Seaville—Loan and Bldg., E. F. Westcott.Tuckahoe-—Bldg. and Loan, R. 8. RobinsonMarch, 1.889.Jan., 1867." n eb., 1872.Feb., 1881.March, 1887.Sept., 1888."" "3., 1872.March, 1870.Serial.Serial.Serial.Serial.Serial.Serial.Serial.Serial.8081CUMBERLAND COUNTY.Bridêton—Merchfik and Mechff., O.F. DareSaving Fund, T. U. Harris.* Residence, Gibbsboro,April, 1870. jSerial.7 une< 1865. ISerial.

B UILDIN0 ANDj NUMBER OPSERIES.SERIES MATUREEDURING YEAR.*INSTALLMENT DUESPER SHARE.MonthlyAnnuallyAnnually,AnnuallyAnnually,MonthlyAnnuallyAnnuallyAnnuallyOptional.Semi-annuallyAnnually,AnnuallyAnnuallyAnnually,AnnuallyAnnuallyfonthly.lonthly.lonthly.| Monthly.Monthly.Monthly.Monthly.Monthly..Monthly..Monthly..1 001 001 001 00501 00Semi-annually..AnnuallyAnnuallyAnnuallyAnnuallySemi-annually..AnnuallyAnnuallyMonthly.Monthly.Monthly.Monthly.Monthly.Monthly.200200200200200200200200AnnuallyBiennially* Asiooiational year.18

266 STATISTICS OF LABOR AND INDUSTRIES.TABLE 1.— LIST OF BUILDING AND LOAN ASSOCIATIONSOF NEW JERSEY—Continued.LOCATION AND NAMES OF ASSOCIATIONAND SECRETARY.•§•2CD Ifl.213H81$828384S5CUMBERLAND COUNTY-CONTINUED.Millville—Columbian, C. B. EtterHope, Alex. McCorristinInstitute, E. B. Goodwin(Security, E. B. GoodwinVineland—Mechanics', F. B. PotterOct., 189t\ (Serial.Dec, 1880. Serial,Oct., 1888. Serial.Nov., 1874. Serial.July, 1873. Serial.86879091929394959697989999i100101102103103i10*105106107108ES8EX COUNTY.Belleville—Bldg. and Loan, R. P. ScaineHome, O. A. FairehildBloomfield—Bldg. and Loan, Henry Lawrence..Essex County, F. E. LangatrotiiCaldwell—Building and Loan, J. M. JacobuFEast Orange—Bldg. and Loan, O. H. CondifFranklin—Building and Loan, J. H. White,*Irvington—Bid?, and Loan, Franklin Kiseam...Montclair—Building and Loan, C. A. CookOrange—Building and Loan, A. H. ShermanOrange Valley—Bg. and Loan, O. & Thompson..South Orange—Bldg. and Loan, C. T. Barrett...Vailsburg—Building and Loan, F. A. MockNewark—J3fcna, Theo. UmbescheidenBeneficial, R. W. ChapmanCasino, Felix OhausCentral, A. A. SippelChosen Friends' Home, G. H. Westervelt...Citizens', George GrimmeCourt House, J. C. GroeL....,.,,..Eighth Ward, Edward HillEnterprise, Thos. GallacherExcelsior, Morris CohnFireside, J. B. FaitouteFourteenth Ward, A. M. Linnett ,* Residence, Arondale.Sept.,Nov.,Jan.,Oct.,Jan.,March,Oct.,July,Feb.,Feb.,April,Sept.,Feb.,1873.188(5.1891.1887.IKK.1887.1886.1887.1888.1887.1892.June, 189(1March, 1898.Feb, 1892.June, 1881.Oct., 1889.Dec, 1891.June, 1893.Dec, 1885.April, 1883.May, 1879.Jan., 1887Dec, 1885.Serial.Seria'.Serial.Serial.Serial.Serial.Serial.Serial.Serial.Serial.Serial.Serial.Serial.SerialSerialSerialSerialSerial (Nat.).SerialSerialSerialSerialSerialSerialSerial

COOPERATIVE BUILDING AND LOAN ASSOCIATIONS. 267TABLE 1.—LIST OP BUILDING AND LOAN ASSOCIATIONSOF NEW JERSEY-Continued.AnnuallyAnnuallyAnnuallyAnnuallySemi-annualJy..Annually........AnnuallyAnnuallyAnnuallyAnnually...AnnuallyAnnually8emi-annually«AnnuallyAnnually..,..,Semi-annually..AnnuallyAnnuallySemi-annuaily..Semi-annually..Semi-annually..IrregularlyMonthly.........AnnuallyIrregularly......AnnuallyAnnually........AnnuallyAnnually........Quarterly• Aisooiafcionftl year.N UMBER OPSERIES.13g1 112 1110 1016 1118 1224 1137926777 3792677710 101062 105 5147 14638 38217976 21797629 29SERIES MATUTEDCUBING YEAR.*" aSept., 1893oaApr.,18£3j 141Nov., 1892 137INSTALLMENT DUESPER SHARE.2s.s.8Monthly..] Monthly..Monthly.,143 Monthly.,Monthly..Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly,Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.aSS%\ 001 001 1 00I 1 001 001 00I 001 001 00I 001 001 001 001 001 001 001 001 001 001 001 00Io9toa$;00100100toosoo200200200200200200100200200200£00200100200200100200SJOO2(!020020020020020020082838485868788899091929394959697989999i100101102103103i104105106107108

i268 STATISTICS OF LABOR AND INDUSTRIES.TABLE 1.—LIST OF BUILDING AND LOAN ASSOCIATIONSOF NEW JERSEY-Oontinued.LOCATION AND NAMES OF ASSOCIATIONAND SECRETARY.I aSoiS3aa J109110111112113113*1114115116117118119120121121J122123124125126127128129130131.132133134135136137138139-140141ESSEX COUNTY—CONTINUED.Newark—First Italian, E V. A. BelfattoFraternal, B. H. Van Ness..Germatf, O. C. LienauGrand, George GrimmeHearthstone, J. B. FaitouteImproved, C. 0. LienauHome, Max. SachsHoward, Thos. frallacher..Knights of Pythiap, Rudolph LeviLincoln, Ferd. GrebeMechanics', F. Tegen, JrMercer, Adam BerzingerModern, Ernest NagelMutual, J. A. BerryMutual Land and Home,* G. L. Staats..Newark, G. W. FreyNew Jersey, August HeineNorfolk, C. P. NagelNorth End, J. H. McKinnonNorthwestern, M. H. HagamanPaesaie, Max. SachsPhoenix, C. 0. LienauProtection, G. W. FreyPrudential, John Kreitler..Reliable, Ferd. HeichemerRoseville, J. S.StewartSaving?, F. J. BurgdorfSecurity, C. B. DuncanSeventh Ward, J. A. BerryState, F. W. SullivanStandard, Max SachsTenth Ward, 0. B. DuncanTeutonia, Felix OhausThirteenth Ward, Fred. WeBtphalUnion, Be F. P. Lczier• See statements below.March,April,June,Nov.,Dec,Apri),June,Aug.,April,Jan,Oct,Dec,May,May,Jan.,May,July,April,May,March,June,Jan.,Jan.,June,Sept.,Nov.,Jan.,July,Oct.,Aug.,Sept.,Feb.,Oct..April,Oct.,1891.1587.18S1.1891.18*8.1893.1884.1884.188H.18*7.1884.1890.189 A1807.1692.1883.1887.1888.1889.1892.1884.1887.1880.1892.1884.1885.1880.1884.1891.1887.1880.1887.1890.1887.1887.SerialSerial.Seria'Sena)SerialSerialSerialSeria 1SerialSerial.....Serial..SerialSerialTerminatingSena)SerialSerial.....SerialSerial....SerialSerialSerialSerial ;...Seria)Serial....Seria)Serial.....SerialSerial....SerialSerial.....SerialSerialSerial

§Bg§gggggc £"5'§ H.§§iFrequency of issuing series.Issued.E9Running.Dateof maturity.SS588S88888888888S888888888S88S8S88Time in months.When payable.Amount payable.SiI s CDosooaCD5 t^> K^ tO • "^ ^** fr^ frÔ •"**) ^**> NO*K*> N.0 ^^ f^^ Kî fr*** ^"% * t-^ fr*?J t***) l^*> fv 9 ) h>*i t'O tO t"O t>^ fcO 1^ f 1 "^ I'C58S8S888888SS88888!88§SS8gSSSSS§SMaturing value of sbarep.Office number.00toC5

270STATISTICS OF LABOR AND INDUSTRIES.TABLE 1-LIST OF BUILDING AND LOAN ASSOCIATIONSOP NEW JERSEY-Continued.LOCATION AND NAMES OF ASSOCIATIONAND SECRETARY.usi11IIESSEX COUNTY—CONTINUED.142143144Uh146Newark—Uptown, Theo. UmbeficheidenWashington, George GrimmeWest End, H. T. MeyerWoodside, A. G. HellerWorkingmen's, John Zippel, Jr.,,....June,May,June,Aug.,April,1692. Serial.1887.1 Serial.1HS8. Serial.1HH4. (Serial.1HHH, SerialGLOUCESTER COUNTY.147143149]50151152If 3Clayton—Building, W. A. WilliamsonGlasBboro—-Loan and Bldg., Thop. Annadowrr.Mullica Hill—Loan and Bid?., E. L. Stratton...Paulflboro—Loan and Bldjr M W. J. Adamson....swedesboro—Loan and Bldg., Samuel AvisWilliatnstown—Monroe, U.K. BugbeeWoobury—Real Estate, G. E. PiersonMarch, 18.NO. '.Serial.Tune, IHSM.iSerlaKJan., lH7(i. •Serial.March, IK72. Serial..May, 1H71. j.Serial..Feb., 1S70. SerialMay, 1871. Serial.154155156157158159lttO101U'i163164165166HUDSON COUNTY.Arlington—Bldg. and Loan, William LoganEquity, John SntnnerKearny. F. C.WilliampBayonne— Building, J. W. JohnstonCdntrevill*\ John Hoerr...Pamrapo, D. T. CriBpinHarrison—H. and Kearny, Anthony O'Mally....People's, J. A. RiordanHoboken—Building and Loan, J. 8. ParryTown of Union—Bldg. and Loan, F. 0. Hangen..West Hoboken-Palieadp, J. L. Moy1802.18M).IH84.1885.g, IBM).June,Jan.,Nov,,Feb.,Aug.,March, Mh 1887.May, )8K«.Sept, 187.1Feb, 1887.Kept, 1888.March, 18U1.PerpetualPerpetUHl.-iurla!SerialSerialSerialSerial'SerialSerial.Serial..Jersey City—Bergen Mutual, , No. 2, G. W. Laforae „„ March, 1883. TerminatingBergen Mutual, No. 8, G. W. Laforge March, 1SS7.(Terminating

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 271TABLE 1.—LIST OP BUILDING- AND LOAN ASSOCIATIONSOP NEW JERSEY—Continued.NUMBER OFSERIESSERIES MATUREDDURING YEAR.*INSTALLMENT DUESPER SHARE.o0.aa•8IIaDia3Semi-annually.. 2Annually 6Irregularly,.....,! 11Annually 9Semi-annually.. 32611Monthly....Monthly....Monthly....Monthly....Weekly .....$1 00 $200 1421 00 200 i 1431 00 200 ,1441 00 200 : 145Annually 9Triennially 4Annually 17Annually 20Annually | 17Annually ...| 18Annually ( 'i84111298IISept., 1893., 138Sept., 1892 I 141133Apr., 1891Sept., 1892.Monthly..Monthly..Monthly-Monthly..(Monthly.,mi (Monthly.,141 Monthly.1 001 001 (X)1 tX)1 (X)1 (X)1 00200 147200 148200 149200 H50200 !l512i'0 152200 163Annually | 0Optional ! 6Annually 4Annually 5Annually 7Annually 20Annually 6AnnuallyAnnually954571165Nov., 1892.136MonthlySemi-Mou.MonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthlyMonthly.Weekly.iWeekly* Associations*] year. f In first and second series only, 9100.50551 001 001 01)1 001 001 00I 001 001 002525100 154100 1155200 1156200 157200 158200 159200 1160200 161200 16220O 163200 164200200165166

272 STATISTICS OF LABOR AND INDUSTRIES.TABLE l.-LIST OF BUILDING AND LOAN ASSOCIATIONSOF NEW JERSEY—Continued.LOCATION AND NAMES OF ASSOCIATIONSAND SECRETARY.3*1167168169170171172173174175176177178179180181182183184185186187188189190191192193194195196197198199200201202HUDSON COUNTY—CONTINUED.Jersey City—Caledonian, F. PfennigwurtbCarteret, Wm. V. GarrisonColumbia, J. H. CoyleCommunipaw, Fred KleinCrescent, 8. Rowland, JrEnterprise, R. A. SimpsonEquitable, L. B. FoleyErie, J. R. BowenExcelsior, Wm. G. NelsonExcelsior, No. 2, Wm. (i. NelsonFairmount J. P. LandrineGarfield, G. R HoughGreenville, Richard RouthGreenville, No. 2, G. F. WittGreenville United, O. A. Hopmar..Highland, J. P. LandrineHome, J. P. LandrineHudson City, Fred KleinHudson Mutual, W. J. MilehamImproved Land and Loan, D. H. BlackbamIndustrial, E. W. In*leyJersey City, W. G. E. SeeLafayette, J. W. LeonardLincoln, T. U.LewieMadison, C. M. HortonMonticello, J. A. Knoeller....Montgomery, J. P. LandrineMut'l Land and Bldg. Syndicate, O.W, RoperNorth Hudson, A. A. Franek ,Pavonia, D. D.Clark.Paulus Hook, W. G. E. SeePhoenix, J. S. ClarkeSecurity, J. A. YoungStar, C. A. Laws.Union, J. A. Young.Washington, Samuel Dray ton* Supplementary terminating issues.May, 1887. SerialJan., 1890. Serial.Sept., 1880. SerialMareft, Seria)Oct., 1891. TerminatingMarch, 1887. SerialMay, 1892. SerialFeB, 1888. Serial .....Oct.,FbTerminatingSerial..........Nov., 1887. TerminatingMarch, 1J-8H. SerialNov., 1875, Seria!Feb., 1884. Seria)Apri), 1891. Serial.........March, 181K). TerminatingApri), 1885. TerminatingJuly, 1887. SerialDec, 1881. SerialFeb., 1888. PerpetualJuly, SerialNov., 1885. SerialMarch, 1884. SerialJane, 1886. SerialMarch, 1839. Serial....,Feb., 1*86. SerialMay, 1889. TerminatingDec, 1890. Perp (Nat.).May, 1880. Serial.*May, 1885. Serial.June, 1884. Seria!Jan, 1884. SerialNov., 1887. SerialAug., 1885. Seria?April, 1890. Serial,...June, 1887. Serial

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 273TABLE l.-LIST OF BUILDING AND LOAN ASSOCIATIONSOP NEW JERSEY-Continued.NUMBER OFSERIES.SERIE8 MATURED , INSTALLMENT DUESDURING YEAR.* i PAR SHAREt"5aCDa•8IrregularlyAnnuallyAnnuallySemi-annually.AnnuallySemi-anuually.OptionalAnnually.AnnuallyAnnuallyOptionalOptionalAnnually.Annually..AnnuallyIrregularlyAnnuallyAnnuallySemi-annually..AnnuallyIrregularlyAnnuallyAnnually.-AnnuallyQuarterlyAnnuallyOptionalIrregularly10 10 Monthly...374144 374144Weekly....Semi-MonMonthly...Weekly. ..Monthly...Semi-Mot101616 10 Monthly...1616862117Weekly....WeeklyWeekly....Monthly...1162117Weekly....Weekly....Weekly....Weekly....Weekly....Weekly. .,18 18Monthly...Monthly...Weekly....Monthly...Monthly...Weekly. ..Monthly..,Weekly. ..Weekly....5 5Monthly...,7 7Weekly. ...6 6Monthly....8 8Monthly....24 24 Monthly....7 768 Monthly....6 Monthly....8 'Semi-Mou.$1 002550001671681(59170171172173200 174$20020020020020000 20000 2000025 20025 20025 20000 10025 ft 0025 50025 50025 20025 20025 20000 200CO 2C025 10000 20000 20025 20000 10025 20025 2001001 00 20025 2001 00 2001 00 2001 00 2001 00 2001 00 20050 200• AiBOcialional year. f Liquidated when 12 year** old. % Monthly. § Various.175176177178179ISO181182183184185186187188189190191192193194195196197198199200201202

274 {STATISTICS OF LABOR AND INDUSTRIES.TABLE 1.—LIST OP BUILDING- AND LOAN ASSOCIATIONSOF NEW JERSEY—Continued.LOCATION AND NAMES OP ASSOCIATIONAND 8ECRETARY.§1aHUNTERDON COUNTY.203204Flemington—Bldg. and Loan, J. L. Connet...Lambertville—Centennial, E. H. Holcombe..Feb,May,1892. Terminating1876. SerialMERCER COUNTY.205 Trenton—Mechanics', P. W. CrozerSept., 1862. Serial*206 Mercer, P. W. CrozerMarch, 1854 Serial*207 N J Bd , g, L dJuly, 1891 Perp'l(Htate)207$ People's,! N. J. Bldg., D- F. Loan Atwater and Inv. Co , J. C. Beebe.Oct., 1HH0 Perp'l (Nat).208 Hightstown-Bldg. l'! D F Att and Loan, W. W. Sweet Feb., 1890 Serial209 ; Hopewell—-Bldg and Loan, J. 8. Van Dike Jan., 18S3 Ferial209J, People's, J. C. HarrisonMarch, 189,1 Terminating210 Pennington—Bldg. and Loan, T. D. Durling Sept., J 889. TerminatingMIDDLESEX COUNTY.211 New Brunswick—American, P. G. PolhemuB.... June,212 Second American, P. G. Polhemus March,213 Excelsior, T. E. TownsendApril,214 Homestead, Nahum Kentjjune,215 Merchants', T. E. TownsendMarch,216 People's, D. F. R. RunyonMarch,217 Security, D. D.Williamson'March!218 Workingmen's, Patrick HasjertyI;Vfay,219 Perth Amboy—Bi-centennial, J. E. Chapman... May,219} Citizens 7 , Harry ConardDec,220 Homestead, J.S.WightSept,220$ Perth Amboy, W. H. MooreJDec.221 Raritan Crescent, J. E. Chapman (May'222 i South Amboy—Bldg. and Loan, Tobias Grace...!Feb223 Star, Tobias GraceM|j ftn224 j Danellen—Bldg. and Loan, W. H. Cole ! April225 ! Jamesburg—Mutual, J. D Courter 'jFeb '226 : South River—Bldg. and Loan, Wm. Campbell.!I April,1881,18X7.18S8.1SS4!1891.1889.18H4.18S5.188(11892.18S1.1882.1889.1887.1869.1892.TerminatingTerminatingTerminatingSerial ....TerminatingSerialSerialTerminatingTerminatingPerpetual....SerialTerminatingTerminatingTerminatingSerialSerialSerialSerialis. fOf Geneva, N. Y. No information obtainable respecting

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 275TABLE 1.—LIST OF BUILDING- AND LOAN ASSOOIATONS OFNEW JERSEY—Continued.NUMBER OPSERIES.SERIES MATUREDDURING YEAR*INSTALLMENT DUESPER SHARE.i08•a12'3I1a•s1I.s8Hrable.§3|OkgOvalueM.5Annually.117l12Monthly $1 00Monthly 1 (X)$100 ;203200 ,204Irregularly..Irregularly..Annually...,Irregularly.,911Monthly..Monthly..Monthly..Monthly..Monthly.,Monthly-Monthly..1 001 (X)1 001 00200 '205200 206100 2072002002002002O7J2082092O9J210Annually..Irregularly.,Annually....Quarterly.Annually.....IrregularlyBienniallyAnnually.......261114291261114241Sept., 1893.! 143•Association year. I $1.00, $1,05 and .30.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Weekly..,Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly,I 001 001 002 000000000000251 001 001 001 001 001 00) 1 00I 1 00200 211200 212200 213300200 215200 216200 217200 218200 '219100 219J200 220200 220J200 2212C0 222200 223200 *24200 225200 226

276 STATISTICS OF LABOR AND INDUSTRIES.TABLE 1.—LIST OF BUILDING- AND LOAN ASSOCIATIONSOP NEW JERSEY—Continued.-8apLOCATION AND NAMES OF ASSOCIATIONAND SECRETARY.n2272282292302312322332342352362S7238MONMOUTH COUNTY.Asbury Park—Bldg. and Loan, H. 0. Wineor...,Atlantic Highlands—having Fund, 0. R. SayderBelmar-—Bldg. and Loan, Charles McDermott...Freehold—Mutual, A. 0. HartshorneKeyport—Building and Loan, B. B. OgdenLong Branch—Bldg. & Loan, Matthias WoolleyManasquan—Squan Village, J, W. Border*Matawan—Building and Loan, E. I. BrownRed Bank—Bldg. and Loan, Thomas Davis, Jr..MORRIS COUNTY.Feb., 1874,Nov., 1887,Aug., 1891.June, 1869,Nov., 1850.Dec, 1869.April, 1874.Nov., 1888.March, 1887.Boonton—Building and Loan,E. A. Fisher.. May, 1889,Dover—Building and Loan, 8. T. Smith ....Oet, 1887.Morristown—Bldg. and Loan, I. R. Pierson |8ept., 1886.Seija'SerialSerialSerialSeria?SerialSerialTerminatingSerialPerpetual.Serift)SerialOCEAN COUNTY.239 | Tome River—Dover, J. H. BirdsalLMarch, 1883. SerialPASSAIC COUNTY.240241242243244245246247248249Paterson—Celtic, Hugh SweeneyCitizens", W. L. BerdanEast Side, 8. C. McCarthy......Gem an American, Julius Schwaab.Iron and Silk, W. J. McFarlanManchester, G. W. AlleeMechanics', A. W. InglisMutual, 8idney FarrarPeople's, Frank HollandProvident, C. E. JacksonApril,April,April,Sept.,June,June,April,Nov.,Nov.,April,1882. Serial.1892. Serial.1892. Serial.1*92. Serial.1883. Serial.1898. Serial.1883. Serial.1878. Serial.1883. Serial.1886. Serial.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 277TABLE 1—LIST OF BUILDING AND LOAN ASSOCIATIONSOF NEW JERSEY—Continued.AnnuallyAnnuallyAnnuallyAnnually...Irregularly..Annually....Irregularly..Annually..AnnuallyIrregularlyIrregularlyAnnuallyAnnually ....AnnuallyAnnuallyAnnuallyAnnuallyAnnually.AnnuallyAnnuallyAnnually* Assooiatfonitl year.NUMBER OF SERIES MATURED316 11316 134616SERIES. DURING YEAR.*I206211Jan., 1893.10628211 1111195 1119510 1015 10107107IaI132INSTALLMENT DUESPER SHARE.3Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Bi-weekly....MonthlyMonthlyMonthly....Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.Monthly.1I000000000000001 001 001 001 001 001 0000000000000000001 001 00toQ1$2002002002002002002002001002 5 0200200200200200200200200200200200iOO200227228229230231-32233234235236237238239240241242243244245246247248249

278 STATISTICS OF LABOR AND INDUSTRIES.TABLE 1 —LIST OF BUILDING AND • LOAN ASSOCIATIONSOF NEW JERSEY—Continued.LOCATION AND NAMES OF ASSOCIATIONAND SECRETARY./a11HIs.as250£51252253254255256257PASSAIC COUNTY-CONTINUED.Paterson—Riverside, E. Van Houten, Jr..South Paterson, Franklin ThornTotowa, Robert LeggefctUnion Mutual, Sydney FarrarPassaic—Mutual, William MalcolmPeople's, W. H. SpeerUnion, H. F. DatesmarjLittle Falls—Building and Loan, C. W. MatchesJune, 1887. SerialMarch, 1890. Serial.March, 1892. SerialNov., 1882. Serial.April, 1882. Serial.Sept., 1887. Serial.May, 1888.1 Serial.March, 1887. Serial258259260SALEM COUNTY.Quinton—-Building and Loar, W. H. Perry.Salem—Franklin, D. B. BullockWoodstown—Union, Franklin Flitcraft ,Nov., 1870.1 SerialAprii, 1861. Serial.Jan., 1870. Serial261262263264SOMERSET COUNTY.Bound Brook—Bldg. and Loan, R. H. Brokaw..East Millstone—Bldg. and Loan, S. V. R. Taylor.Somerville—Citizens 1 , A. P. SutphenPeopled, G. V. VanderveerMay, 1887. Serial.April, 1890. (TerminatingNOV., 1890.'Serial.lftGO i Sari ill . . .."eb., 1887. Serial.265SUSSEX COUNTY.Newton—Merriam Shoe Co., W. H. Hall..Sept., 189O.iseriaL.UNION COUNTY.266 Cranford—Mutual, Kenyon Messick266i Garwood—Building and LoaD, W. E. Miner..Aug., 1887.March, 1893. SerialPerpetual

fcSHIgillSSSSc *rr? m casesSB D (3 Eli £^ Hi Jz2* tO tO t5 OOCbO N5 tO •o o o c0 o o

280STATISTICS OF LABOR ANDINDUSTRIES.TABLE 1 LIST OF BUILDING AND LOAN ASSOCIATIONSTABLE L-LISl u^ NBW JERSBY__ OontinU ed.JERSBY__ OontinU ed.LOCATION AND NAMES OP ASSOCIATIONAND SECRETARY.*•£> na as2672682692702712722732742752762772782792£0281UNION COUNTY-CONTINUED.Rahway—Workmen's, G. H. Waters..Rolelle-Building and Loan, W. C. Hope... ....8ummit-Bldg. and Loan, Nathaniel George..,wS?field-Bldg. and Loan, J. R. Conno yPlainfield—Bidg. and Loan, B. F. CoriellHome, 8. R. StruthersElizabeth—Central, August MillerCitizens', J. W. Hal), JrColumbia, E. A. FauikeElizabeth, Carl HoffackerExcelsior, Christian Friedericb..Elizabethport, Martin HoulihanHarmonia, Reinhard GerkeUnion County, J. J. McGratb....Union Square, R. T. HenryJan. vJune,Oct.,Dec,March,April,jOetI March, MmApril,March,May,April,May,April,Feb.,1886. Serial,,1889. Serial..1891.!,Serial.1888.1 Serial.1884. Serial.SerialPerpetual1888.1885.1887.1892.1809.1887.1875. SerialPerpetual,PerpetualPerpetualPerpetual1872. Perpetual.1880. Serial.1891.|SeriaL,283WARRENCOUNTY.Phillipaburg-No. 4, 8. 0. Smith.No. 5, John EilenbergMay,June,1870.1882. Serial

1CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 281TABLE l.-LIST OP BUILDING AND LOAN ASSOCIATIONSOP NEW JERSEY—Continued.g"3IrregularlyMonthly.....MonthlyAnnuallyIrregularly.......Semi-annual ly..WeeklyQuarterly.Monthly..Monthly..Annually..Annually..NUMBER OFSERIES.I•s a3i3 319 18933 93310 1075 4384 8219 15174* AfsocUtlonftl year. t Not repotted.DUESPER SHARE.SERIES MATURED INSTALLMENT 1DURING YEAR.*45I 1Sa 3BMonthlyMonthly..Monthly- ...Monthly..Monthly..Monthly.. ••

S8S

TABLE 2 —BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTICS-Continued.DEBTS OWING BY ASSOCIATIONS.1>UEI>O TJCAB. IBEOBIPT8 PTTEUMGYKAB.DISBURSEMENTS WIRING THE YBAB.OFBBKJTT OFFICE EXPBNBKB.ooiAMOTTHT OK 6 A I, ARIESLOCATION AND NAME OFASSOCIATION.ATLANTIC COUNTY.Atlantic City—Loan and Building..Mutual .....People'*Egg Harbor— Building and Loan...Hanamontou—Loan and Building..Worldngmen's ,Majs Landing—Building and Loan..Pleasantville—MotualBERGEN COUNTY.AUendale—Orrille Co-operatlre....9^ Bogota—Building and Loan...Cartatadt—Mutual....Cloater—Harrington.•9,7468,779sn9,09184*16415647,40*6,0008,6002,960 34,900340litMoo4300•1,600 .8,800;.1,800!.TI{29,4765!,10032,775$94,0744.5929,24317,48987,808 43,62777,2901 66,2757,045] 6,48789,488! 21,46685,029; 9,93S8,45015,341 9,96018,490. 12,622$22,210*117,356 $54,0002,836 30,148 9,41673S 15,488 7,4004.C00 22,776 11,80040,127 87,779 62,986--"— 17,141 77,276 42,7426,60117,982 39,47384,9435475,520 14,0316,28231,4038.S003009,7101,6001 15,622 8,482• Ioolualre of does paid In ad ranee and amount owing on cancelled •hants ; bat exclusive of money undelivered to borrowers and unearned premiums.forfeited (lapi*d), redeemed and matured abarea. * Not reported. 9 ParUy or wboUj on account of borrowings of prerious jear.5393,03510.64923,26482,2601987,4701,8261152,0601,0461849 $725 %169' 150! 135843 800 180812' 252,12(5186971851883754262753&0100185 1 10075$1352612010076t Including withdrawn,toCO

£ £ 6 S B BOffice number.? isr if III I i ft i r *{ • iff I f I t s * » M• ! i i I P ! I ! îli! i i 1 i i s. i I i i a15•» ^ o

TABLE 2—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERALSTATISTICS- Continued.LOCATION AND NAME OFASSOCIATION.DEBTS OWING BY ASSOCIATIONS.BEOBIPT8 DURIKGDTTBING THE TKA&.OUBBKNT OFAMOXJNT OF SALARIES.96»E

852 g g $83 S IK » 8B^r •« g.S!lift I llftS MHg ».g 1 e El 1 1 1 f i l l! i Ie : E : f |BMNfflnB S8 i 8 BS Sc. — ~— ~*•; Total net earning!.ii_ ; -._.gg Office number.a^vsoixsixvxg

Offloa number.'Itoif!.*- : s»S_¥s.I!"I ~~I Total amount *Cash borrowed.Cash repaid.Loans undelivered to borrowers.iite» *a 9 *- en oo 0> e fi.li§ si I 1 is i IIIi&.iBSitaOH tr>I ft iSS5•S -siUnearned premiums.Dues, intereit, premluma,lees.Repaid loans.Total.Loans made.acts *» k-j ESe>.* bi -a M>*» Cancelled shares, fIQ (hISSI1 ggTotal,II s g si I Iis!Secretar/.Treasurer.3 SS S2 g US Office number.

Sfcfcfefc ft £ 8 £ 852Offloe number.!!iiit? •aI I i I & * - s a1 e STB. 5i I it if irr riUisS3gIISî« A >». OAge In yean,my* a ?ill 5 I 5.Date of reportsa*Sharei in force.Hlmrf • pledged (borrowed on).Shareholder!.Q OQ00 OIIS OQPi"8sinsBorrowers (shareholder*).3£|»s3 |s S s I s s; j£,S§8883 I S i 1 s i ii$ » S3 3o » w wS*-j "w 1o "t>» t* M j-'c-S £ K s S § SgS B K «S S S Ift S 8 8 SS 8 SS2 Office number.Net worth of associations (net assets).Total dues on shares in force.;| sGNV noavq; ô soixsnvxg 885

•SNOUVioossyQNV omening;

TABLE 2.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—GENERALSTATISTICS—Continued.fcOLOCATION AND NAME OFASSOCIATION.COHMCAMDEN47S*4960$1m68M66gIBmCamden City—Economy..Eastern UnionExcelsiorFranklin.,.German Centennial...GuaranteeHomesteadMechanics 1MutualMutual GuaranteeNorth Camden ,ProvidentSouth Ward ,State Mutual..... ,Stockton,, ,61 63 Berlin—Building and Loan ,63 CbesJlhorst—Building and Loan.,€4 ' Clementon—Building and Loan..December 3Ut,1892December 3Ut, 1893.July lit, "* ft ~2U September 1 st, 189317 April 13,189S .7 August 21st. 18938 January 16tb. 1895$ .22 February 25th, 18935.21 April 1st, 1893J2 March Silt, 189114 October 1st. 1893.22 March 1st, 1893}1 December 1st. li34 May l*t. 1893..1% September 27th, 18939 December 1st, 1892$7 March 113th, 18936 August 5th, 1893$1 April Htb,74827335an188114148902$239,71811,247304.2755.8881,576126,024202.761!132,669168,761;220,342194,607112 165.01675 92,4499 I 15,29930,1154,730j2,115U72,81211,24751,036828,88266,21669.166103,476168.436155,966176,037147,7598,004116,88514,581)3,750 •17,74975,39*19,08712,42022,54844315 44,31546,441'12,785!44.305146,848*19948,1315,4867194747)*5354656667585960616,833 62DQ50* For fiscal associatlonal year. All data above are for this period, except where otherwise noted. This date, where the association has not been a year In operation, refers to timeof statement to Bureau. $ Statement to Bureau not verified. t Of these in Mew Jersey: shares, 293; shareholder*, 47. § Not reported. f Of these in New Jersey: shares,2,668; shares borrowed on, 169; shareholders, 997; borrowers, 11.

TABLE 2—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERALSTATISTICS— Continued.DEBTS OWING BY ASSOCIATIONS.BKOEIPT8 DURINGYEiK.DIBBOB8EMKWT8 DURING THE YIAE.CURRENT OFFICE EKl'ELOCATION AND NAME OFASSOCIATION.AMOUNT OF SALARIESCAMDEN COUNTY—Co:478*4050616368M6666676869Cam den City—EconomyEastern UnionExcetsiorFrankUn.German Centennial.Guarantee.HomesteadMechanics'MntuaLMutual Guarantee.North Cam denPeople's..Provident..South Ward8tatH MutualStockton ....Berlin—Building and Loan.ChealUmrrt—Building and Loan,Clementon—Building and Loan19,629) 6,0003,11553,3008,500 12,00041,111611,06787,06251,875139,460100,05988,67016,33053,670116 7-J810,761,16,87464 61824.78423.7U0S4.H1460.6(530,816132.45966^9248.6288,74484,307102.09710,486,6,0506,(>907,82612,0862b. 161117,1744,62583,45728,4501,041016,7809,10013,50718,99911,96312,74211,33744,16230,93611,94727 00327,496166* Inclusive of duea paid In advance and amount owing on cancelled «tock. but exclusive of monej undellTered to borrower* and unearned premium*. f Includlnfj withdrawnforfeited (lapsed), redeemed, matured. J " Guarantee iund" savings. 5 WholJy, or partly, on account of previous years* borrowings. I Not reported.

TABLE 2.—BUILDINGr AND LOAN ASSOCIATIONS OF NEWSTATISTIOS-Oontinued.TOTAL NC-MUKB OFJERSEY—GENERAL! a- —i IfcOto1!LOCATION AND NAME OFASSOCIATION.ii00 HOCAMDEN COUNTY—COHTDfTTMD.65 IColUngswood—Mutual66676970Gloucester City—Improvement..United MutualHaddonfield-Mutual....Linden wold—United Town*.Magnolia—Mutual71 Merehantrflle—Building and Loan..CAPE MAY COUNTY.t71 Avalon City—Building and Loan....73 Cape May City—Saring Fund74 Cape May C. H.—Mechanics'75 Dennlsvtlle—Loan and Building....May lit, 1893.6 June 27th, 1893.....37 j August 10th, 1898..19 ! January 10th, 1893...5 March 6th, 1893 ,4 I April 26th, 1893......IS Norember 1st, 1893..4 April 96th, 18934:96 January 90th, 1893$..81 February l«t, 1894...U June 15th, 18932183,3821,0404,1918661,1109,9171,4373843911,071136814815160+45134124906601!164193254J1667617631411169571$5,969143,01674,770390,96340,519163,48584,377M.750«,30499,07055,33390,928128,31039,46978,19651,4681665 6543,946 6619,447 j ~* For fiscal aasoeiational aoeito year. All data abore are for this period, except where otherwise noted. This) dale, where the association has not been a year In operation, refers to timeof statement t to B Bureau. fNot reported, + Statement to Bureau not rerlned.55,8715,98135,1784,90420,55411,0944.803 1I

Offlee number.>idto*iI.8 8 S | B.S£ t I I 28180IIj-i if if ii 31 iTotaLi9.3S176 100I 3§00,176 181s ii iggSIiiTotal.! Secretary.o"SOBg3176

TABLES 2.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY— GENERALSTATISTICS—Continued.toCOTOTAL NU-MBEK OFLOCATION AND NAME OFASSOCIATION.3HCAPE MAY COUNTY—COKTlinnro,76 Ooean City—B ullding and Loan77 Sea Isle City—Building and Loan ,.......78 South 8eavUle—Loan and Building79 Tucfcahoe— Building and Loan..» December 3lst, 18925 August, 1833t.......SI | March 7th, 189328 February 4th, 1893.•19,13912,85419,61994,819116,31810,71915,83116,608oH$2,8111,6858,7888,211fficeo76777879woCUMBERLAND COUNTY.Bridgeton—Merchants'...., ,Saving Fond .«^ MfllTllle—Colombian83 Hope ,83 Institute84 Security.March 15th, 1895June 1st, 1893 f.113September 35th, 1893\ November 1st. 1893..1018September 18th, 1893October lSth, 389311345146273,889330,2309,402162.57198.S15147,776I309,810254,6189,078'131,968!115,793aoH64,079 80 M65,611 8t I H324 81^ I *30,613 88 |34,982 8831,9*3 $486 jVlneland—Mechanics*Jane 30th, 1893192116,89990,606!26,293 85* For fiscal aasociatiQual year. AU data abore are for this period, except when otherwise noted. This date, where the association has not been, a year In operation, refers to timeof statement to Bureau. t Statement to Bureau not rerlfied.

TABLE 2—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTICS—Continued.OWUfO BY ASSOCIATION8.UELNa TEAS.B.EOKIPT8 DTJBLKGYKAE.Im8BVR8XMX*T8PtTBlNG TUB TKAfi.CTTKBBNT OFFIOE IXFENSK8.a©©hiAMOUNT OF SALARIESIWHwGLOCATION AND NAME OFASSOCIATION.CAPE MAY COUNTY—COMTIKTTBD.Ocean City—Building and Loan...Boa Iale City-BuUding and LoanSouth Searllle—Loan and Building........Tackahoe—Building and LoanCUMBERLAND COUNTY.Bridgeton—Merchants' ....,Saving Ft ng Fond..81% MIltYille-Columbian..""* Hnp«Inatliute84 SecurityVlneland— Mechanic* 1 .1311,62348130$899900 900#,000619 53,000*296*6,4M6,841 4,63516,109*2,200 6,8467,9441 4,960 8^76! 7,0898,660 7,336 187 8,17793,1)6210,40166.63133,8565*O9660,17070,961 33,65061,365 22,0009.600,43,3*0 18,70027,0441 5.55037,7881 14,25036,184' 14,675106,53491,97710,33856,1dl33.36162,11136,704tt.48533004,5804,29716008^56*^618,67589.400 70,38369,300 18,971•18690S681078416947006359.300 50 184 11922,700 80,9751 36 J18,000 18,8951 309 164'16750605050040083,600 27,331 196 179 60I34,810 8,1881 756 434 SIS111100125304035408"!to•en• Inoluifre of dnei pafd In adranee and amount owing on cancelled Btook, but exclusive of money uadeUvered to borrowers and unearned ui premiums.forfeited (lapsed), redeemed, matured. J Partly reaerred for taxes. § Wholly, or partly, e*n account of previous years 1 borrowings.t Including withdrawn,toCO

a sITI I 8 2cr ^ M wwo**6-?fiiioOffln number.a-i ? f f f i if!ho oo-awes 1 ?s ?|I II I!Age In years.Bate of report.*: :i si i i II i g § S I 8 § g « Sf3 _ __ „ -Shares in force.Bharei pledged (borrowed on).SHIS S S 3 KShareholder!.rIS 8 sea i 1 s E 2 *> |s aSa.•2 fe !5 'k Q »• S i fe fe i$ 2IS JS S 8 S 6 3 g oo SS SllI . s g 8^s K 1 i S § ««.«i Borrower! (shareholdera).Net wortb of associations (net assets).Total dues on shares in force.Total net earnings.1Office number.ONV io soiisixvxg 96S

TABLE 2-BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-GENERALSTATISTICS- Continued.DEBTS OWING BT A88OOIATIONB.BEOBIPT8 DTJEIKGYBAX.DIBBUBBIMKHT8 DTTEINQ THE YXAB.DURING YEAROUBBSNT OFFICE KXPKNBK8.A.MOUKT OF SALARIES.LOCATION AND NAME OFASSOCIATION.ESSEX COUNTY.Belleville—Building and Loan..HomeBioomfield-Boildlng and Loan..Essex County7,409!2,987,18,000tnjootl8,600|*8,82B8,971$84,084 134,599"""~ 10,39784,23823,97659,174M.1864,31919,688,133,7379*»7•18,9764>>36,888 13,992MtW\ 581846$18,4358,781»3061b112575!200178*7510030790Caldwell—Building and Loan ,4.9864,8188,6178,16085191East Orange—Building and Loan....6,50618,0008,0005§127,06*67,8«419,9341,16180050080091Franklin-Building and Loan1,0091,0004,815873 40,762 40,7621,00040,54680,0479,98151087617510098Irvtngton—Building and Loan3,39017,000t28,80033,978 163663,690 86,0734,8898,815800135765094if ontdalr—Building and Loan29116,500 120,500 11,349120,218 90,14113,629! 112,89178,88116,4431,16180060080096Orange—Building and Loan783,300*4,700 .43,168 81,4907,336 40,76480,60014,55886115004001009SOrange Valley—Building and Loan..1,0113,000$4,00014,384 11,38418,1234,9743,83381115088South Orange—Building and Loan..382,7608,760 77916,399 12,06614,9848,871;8,1131696086Vailsburg—Building and Loan8,6109,0006,608 1,71831,612 12,34631,39118,800!3,107348,• Inclusive of duet paid in advance and amount owing on cancelled *tock, but exclusive of money undelivered to borrower! and unearned premium*. f Including withdrawn,forfeited elapsed), redeemed, matured. % Wholly, or partly, on account of previous years 1 borrowings. § Not reported. I Insurance account. toCO^1

TABLE 2.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTICS—Continued.toCO00TOTAL KZT.VJ3SK OFGOH>oLOCATION AND NAME OFASSOCIATION.101103108IOf*104105106107108109116111113HISS*115116117118ESSEX COUNTY—CONTIXUBD.Newark—ÊtnaBeneficialCaatooCentralChosen Friends'Cltlxens'.....Court House*....Eighth Ward...Enterprise. »ExcelsiorFireside.Fourteenth Ward. .First ItalianFraternal•German..... .Grand........Hearthstone •ImprovedHomeHoward ,Knight* of Pythias [LincolnMechanics'• For fiseal association al year. Alt data above are for this fof statement to Bureau, t Statement to Bureau not 1jI_ July lit, 1898r.. ,}$' August 2lst,18S3t2 January 31st, 189412 July 25th, 18932J£ December 3L»t, 1892....2 December 3Ut, 1893....$4 December 31«, 1893?...7 December 3lst, 1892...10 April 1st, 1893124 June 1st, 1893 ,7 February 1st, 1894.,...8 March 20th, 189323£ December31st, 1898...6 May 1,1893U Jane 1st, 18932 November 1,1893..i% May SUth, 1893% December 3lst, 1893...9 June 1st, 18939 August 1st, 18931.......7 March 28th, 189379December Slst,1893t..October 1st, 18S221017J80.10318841691951248343100180147,$28,575'21,836,64.87124,75012,328312,680806,06712o,170122,078483,58014,077120,794226,214H6&f4,842210,494316:79519^657113,003128,078$24,9164,236 ,18984 18,98417,280,60,44323.6572,328 .257,256229,311106,15295,691391,314;100,044 {167,18413,716*50,459,4,842 .157,140162,11888,37695,532. .--- , 99!^1,568) iWi4,556 1014.428 1022,193 10355,424 I 104''76,766 10520,018 10626,387 10792,236 1081,444 10920,750 11059,030 11184i 1129,167 113113*.53,354 11472,796 31539,539 11624.H27 11732,546 118tod, ex«ept where otherwise noted This date, where the association has not been a year in operation, refers to timet New Jersey business: Shares, 816; shares pledged, 202; shareholders, 126; borrowers, 19. § Not reported.02

TABLE 2—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-QENERALSTATISTICS- Continued.DEBTB OWIMQ BY ASSOCIATIONS.DUBIMO YEAB*BEOBll'TS DUBIHGYEAB.D18BUBSXMSKTB DURING TUB YXAB.OT7BBENT OFFICE EXPENSES.AMOUNT OF SAT,ABIES.LOCATION AND NAME OFASSOCIATION.100101102108104 '1061061071081091101111121131133114115116117118ESSEX COUNTY—CONrnsmsD.Newark—/EtnaBeneficial....CasinoCentralChosen Friends'Citizens'Court HouseEighth WardEnterpriseExcelsiorFiresideFourteenth Ward....First ItalianFraternalGermanGrandHearthstoneImprovedHomeHoward...Knight* of Pythias..LincolnMechanics'....4,66*SO,*7817,666•27,1384,95011,00013,167'•20,360§6,9501.9,000 9,000 •30,9183,094'11,184 31,060 19,93686'"" 6,28510,839 32,500! 22,500 6,4901 12436275124,710 §25,095 .2652;i6420 5.000 1 6,000.11M5$3,700 .13,808' 124,000 111,8001 2,847 9,1875,429 21.060 15,6601,025!, ...1... ........I 4,646.14,028 32,900 19.000 8.953 .13,789s 44.100 52.000 ....:....13,7181 26,0001 11,397 '.$51,216!4,494!40,353!167,85947,92332,3762,328127,17663,348143,78042,991181,38532,97962,860169.1K51127,7104,84293,991104,68394,38989,246$15,350!4,49424,428!22,70929,27117,864S328Ti43,46437,438130,90132,235'37,35748,3799,0069,2924,H4S40,283,56,93918,435!55,443*8,327 $51,118, 3,14825 1 19,811131,130 148,7884.009 45,868500, 26,47316,808; 106,121X 64,32139,6861 14Q,«1»4,853! 41,69816,9111 177,5»9O716 32,97923,910 60,60090,9751 149,20550; 9.8312841 123,4354,84393,921115,844 .....18,485 9H,8ili33.803 ! 89,175$32,9284,6009,07514,19030,18119,34565.10940.16231,010122.01624,1593,48018,85686,59039,45422,500:60,865•8,88S861'8,039184,18710,603!6,01181,127X16,41928,8122.44819,573112,6341,867,73386,14319,8818,366127,780!$175297 176333 175361 BOO*Tnelustve of dues paid In advance and amonnt owing on cancelled shares, but exclusive of money undelivered to borrowers and unearned premiums.. t Including withdrawforfeited (lapsed), redeemed and matured sharei. JNot reported. $ Wholly, or partly, on account of previous years' borrowings. | For one-half year. f Per year.217;8535844005648572674936462391180!410886,783!648;460,412200550550;4100300750|19237522511350;335350400350$1501001O0aoo896150300300,2006 0120 .2503501502001601260,350!350275!'200'$25! 9960} 99>i50! 100100, 101I 10250| 103103350 104200! 106lOO 1 10611311350 . .100' 11400 115125 116100 117100 118

TABUS 2.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERALSTATISTIOS—Oontinued.TOTAI, NUMBER OPMMJATION AND NAME OFASSOCIATION.1 1I l4)* 1£ .!o00ESSEX COUNTY—CONTINUED.___ j Newark—Mercer.ISO Modern.121 I Mutual ,__1" Mutual Land and Home133 Newark138 New Jersey134 Norfolk136 North End.126 Northwestern137 Pasaaic138 ! Phoeoii139 Protection110 i Prudential.131 ! Reliable132 Rosevtlle133 Saying*134 Security125 Seventh Ward136 State.137 Standard138 Tenth Ward]8fl Teatoaia,140 Thirteenth Ward..3 December 1st, 1893...1 May 10th, 189336 October 1st, 189311 December 31«t, 1893110 May 31st, 18936 S«ptember 1st, 1893t6 April 21st, 1893.4 April 3(ith, 1893t1 1 March 15th, I893t....9 j July 1st, 18936 January 2d, 18837 January 24th, 1893...1 June 1st, 18938 j September 11th, 1%9S" November 1st, 1893.January 18th, 189SLJune 30th, 1893October 16th,1893i\.December 31«*. 189£October 1st, 1893. ...February llth, 1893.October 17th, F"April lat, I883f351151763 4816221918*1091912683P&34346360350433646134207604475167186+f42 $61,972.9, 9,859153 421,67611,786!73363* SSi4U.4468 13,16386 176,43893 150,00898 216.5804 2,646114 196,01581109195 ;07 15,85032 64,415169143 212,38334 36,14242 39l0$54,0969,1101325,9511,786 .,131,75461,74144,6b733,54U12,366132,8101122,357175,3*582,184146,914144.108146,022821,75414,84653,250207,1*93M7331,904$7,876' lli»749 12095,724, 121I 121^45,326 12214,042 12810,935 1246.9W5 126796 12643,628 12727,657 12841,212 129362 13049,101 13130,185 13237,360 13370,076 1341,004 13511,165 13657,129 13738,991 1384,669 1397,246 140oa^ ^sfers to time

TABLE 2 — BUILDING AND LOAN ASSOCIATIONS OF NEW JBBSEY— GENERALSTATISTICS—Continued.DEBTS OWING BY ASSOCIATIONS.RUBINO TEAK.BEOBlfTB I>tJRtB&YEA.B.DIBBmtBSMXHT8 DTTBIMG TUB Y*A&.OUKBBNT OTFIOB BXPXK8B8.LOCATION AND NAME OFASSOCIATION.119120121121*iaa1881241361461*7138129ISO1811311381341S6IStS137139189140ESSEX COUNTY—CONTIMUBrewark—Mercer 16,346Modern 3,665Mutual ! ...Mutual Land and Home |Newark 10,000New Jersey 1,621NorfolkNorth EndNorthwesternPassatcPhoenix.....Protection .PrudentialReliableRamerllleSavingsSecurity.. .Seventh WardState .Standard...Tenth Ward....Teuton laThirteenth Ward11,8131.3*92,20016512,563!1,36963,4183,250302,000*3,U6"•IS*30,700t*36:06310.000 Jl 1,000»,700 J21,88829,000, 17,5008.LOO 6,900 .16,818, J28.793 .29,780 26,060.4.000 *6,00018,160 16,9003,800 l,800

TABLE 2.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTIOS-Oontinued.CO141142148144145146147148149150151152USLOCATION AND NAMB OPASSOCIATION.ESSEX COUNTY—CONTINUED.Newark—Union 6 September 30th, 1893 .Uptown 1 Jane lot, Ife93t.««Washington 6 May 16th, 1893West End. 5 June 1st, 18J»3Woodside 7 September 1st, I893t •Workingmen's 5 | May 1st, 18931Clayton—BuildingGLOUCESTER COUNTY.Glaasboro—Loan and Building.Molhca Hill—Building and LoanPaoJsboro—Loan and Building|Swedesboro—Loan and BuildingWliUamstown—MonroeWoodbHry—Real EstateMarch 13th. 1893f-....May 81tt, 1893December 31st, 1892...October 1st, 1894May 1st, 1893.February 3d, 1893.....April 23d, 1893ires in force.•a0Q «1,6051,0292 0862,2523,1318208598693437926804945,960(red on).i>a£1edgedires pi.3GO399639915001,2932633633516b2758192341,77924414?264347424167166206,10110235! *85,&9l6 11.6901091 113.17646 108,004,137 244,56827482,75322,10965,89059,30449,446373,811*71,7lO3M46S93,462!91,632187,716120,41950,71518,42044,24945,98039,216291,156I*13,88l 141t>44 14219,714 14316,3821 14456.852 1453,232 14614,552 14720,701| 1483,689 14911,641! 15013,324' 15110,230! 15282,655 153* For fiscal assoclatlonal year. All data above are for this period, except where otherwise noted. This date, where the association has not been a year in operation, refers to timeof statement to Bureau. t Statement to Bureau not rerlfied. % Not reported.o toHissQcftiTOTAL KTJMltFB OF

TABLE 2~ BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-GENERALSTATISTICS- Continued.DEBTS OWING BY AS8O0IATION8-BEOErPTB DITYEA.E.PlBBITBSXMSliTB DURING THE Y1AB.OUBBBNT OFFICE EXPENSES.CoLOCATION AND NAME OFASSOCIATION.AMOUNT OF BA.LA.KIE8a *14114314814414514614815*Newark—Union.....UptownWashington....,WeitEndWoodsldeWorktngmen**.ESSEX COUNTY.149 Malltc* Htil—Building and Loan..ISOClayto —BuildingGLOUCESTER COUNTY.Olauboro—Loan and Building..Paulsboro—Loan and Building....Swedesboro—Loan and Building..Williamitown—MonroeWoodbury—Real Estate..$4531,040943.48854410,364381,400191,014$1,500100011,84038,6003,900a,ooo•IS18,660"S1,688$3,011•1.816•33,930 #25,38613,977 13,88663,452 34,88290,691 33,91086,963 70,98716,563 15,56316,978 14,48733,889 16,27990,885 5,40933,877 13,93118,182 1112,272, 9,947145,7851 100,868$5,700 #32,03512,07915,717 62,5598,184; 89,34415,500, 86,871,000 16,0511,0904,093 22,61613,782 17,9696,687 22,8474,8381,80046,072* 17,680940735,958S2g S:2g10,50915,963 3,61416,81113,167146,60030,90010,314779•18,883) 3,710,7,6344,4351,900$11,574. #480 #430I,169| I.169 f SttiOi 17517,679 378 35010,036 421 300634 600878'j 17614,378..846!78,018 68,314* InelmtTe of dues paid in advance and amount owing on eaneelled iharei, bnt exclusive of money undelirere* to borrower* and unearned premiums. t Including withdrawn,forfeited (lapsed), redeemed, matured.1812001612661392919,606aoe1452861002361,8761#250150260150860160120160100157HOJ1,000,$190251001501605014114214314414614614840 14978 16016175 1636Oo| 163onOQO o))

3 S *:I i;I* •SSS5SS S a a Sg ggg ssrS3 3 H a* 3 I ?3^ g II ill IfHE'? ft g L S1i i HIliiiHIOfflee number.Age In yean.II*!??r f | %ii«i 11|g gagIIDate of report.*Sharei in force.sB*$s 5 I Sg i i "is %mShares pledged (borrowed on).Shareholders.3 !8 £ .8 S«Borrowers (shareholder!)•w G S Sa| I3SSSB § B S &5 §^£ IIINet worth of assoolations (net asseti).Total dues on aharea in force.ifillljij_lliJli_I( I nil I 4 Ia^vTotal net earnings.Office number.&o

TABLE 2— BUILDING AND LOAN ASSOCIATIONS OF NHW JERSEY— GENERALSTATISTICS- Continued.DXBTS OWIWG BY ASSOCIATIONS.I>UBINO YEAR.BKOBIT'TS BUBUt*}YKAB.DISBUB8XHE1ITA 1»TTBINO THK YKAB.OtfBBKST OFFICE EXPKN6B8.j AMOUNT OF SALARIESLOCATION AND NAME OFASSOCIATION.1641661*6167118.169160161153164166166167168HUDSON COUNTY.Arlington—Building and Loan..Equity..Kearny..Bayonne—Building..Centrerllle......PamrapoHarrison—Harrison and Keamy.People'sHoboken—Building and LoanTown of Union—Building and Loan..West Hoboken—Palisade..Jersey City—Bergen Mutual, No. 2...Bergen Mutual, No. 3.*..........Caledonian..Carteret ,Columbia.......Communipaw -.$1,W8 $4,1964,50016,3006,0319378,10367,0096,7606,0C02,0003,50039,10*7,00029,1967,6008,100$2,260J6.70Q16,r18,000*8,70S5,651J81.4008001 5,7047,000 3,100J80,815 3,800U6,l00J.101,350 1100,851 .38,160 $68,760:80 400 '•Inoluslre of dues paid in advance and amount owing on cancelled shares ; but exolutire of money undelivered to borrower* and unearned premiums.forfeited (lapsed), redeemed and matured shares. J Partly, or wholly, on aeeount of prerio' >u» years' borrowings. § Not reported.9,5003,822$4,98117,88178,681124,92778,28933,127104,49447,07813,63442.467 23,50930,484 20,69427,197 33,806142,401 37787181.293 63.316I$3,87311,3471 $1,53587,034: 33,1298,830 107,5463,0001,6006,6781,9532,68718880H,7551666675,734197,808 ',803 5 |178,067$3,000>,«99 56,44730,633 . auo 10,931 in noi' 16,353 39,61367433,64954,1287,839 243,371 175.38S 63,25078,16731,81737,80925 060141,115121,19631,068$4,8004,47145,86017,94311,808112,80083,57586,96012,5501,660793199.90087,4119,930•90S10,191106108617,03810,8938,090$6066413741,9717616,436 44819,974! 48810,7731 677U921 5946464,888§390916003254261,6695751761828003004001400600260$25»6094202508601,000400175,133;soo 1800350'300300$200154156156300 157180 15875, 15816250 164166166_. 16750 168.... 16960' 170t Including withdrawn,

TABLE 2.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-GENERALST ATISTIOS—Continued.COOTOTAL XUMUEB OKLOCATION AND NAME OPASSOCIATION,3en171173173174175176177178179180181189183184185186187188189190191193193HUDSONCOUNTY—COMj Jersey City—Crescent....,....,EnterpriseEquitable.....IIIExcelsior*.*'.*.** '.*,".".*.*.*.*.*.".*.*.*.*.".*.".*.*."*.".*.".*."Excelsior, No. SFairtnountGarfieldGreenvilleGreenville, No. 2Greenville United.....Highland........ ..Home ..." I ..I'""'*Hudson CityHudson MutualImproved Land and LoanIndustrial.Jersey CityLafayette .Lincoln...............Madison *".*"*. """*.MonticelloMontgomeryNovember 1st, 1893....,March 31st, 1893tMay 1st, 1893tDecember 3lst, 1893|..January 31st, 1898-September 30th, 1893..November 2d, I893tMarch 21st, 1893tDecember, 1892§ ,March 1st, 1895.........March Slst, l«93 ,March 7th,1893t.-j April 6th, 1893f ,June 9th, 1893.i December 31st. 1893f..March 30th, 1893June 1st, 1893 ,November 33d. 1893t..,.February 1st, 1893......August 31st, 1893March 13tb, 1893fFebruary 1st, 1893May Id, 18981,0951,6906379281,07*4,1271,24T3,4296,0543,4011,1961,2189068,0151,2691,0963,7002,5334,7666.2871,4773,6341,090423601568457551,459638939999452M5626278594632391,0689991,5671,9345521,089504120 29152 E911075t 10t 403 104103 31t t1,416 217924 82320 11129 3174 37394 50117 t126 23486100126972,333 96610 96{26x411 7488 29* For fiscal associational year. All data above are for this period, except when otherwise noted. This date, where the association has not been a year in operationOf statement ' • ' to ' Bureau. ~ f Statement to Bureau not verified. $ Not reported. § Statement verified only by Treasurer.*31,477126,3466,4855ft,369199,915260,953120.546199,165507.92123i,92729 69855,900124.188146,95494,28037,658288,44619i«,594J08.49249*128236,25865,074$28,57496,2136,39044,389139,844204,69897,678157,506374,255170,681no 2O,DIA) J?OJ>47,19894,451115,24571,516S2,84S190,632155,151336,003272.5tt(J41.785183,54656,680$2,908 17130,134 17217311,980! 17460,071i 17656,265 17622,968 17741,659 17862,246 1806,008 1818,702 18229,737 18331,709 18422,761 1854.816 18647,814 187'4,443 > 188724 89 18995,824 1907,346 19162,712 1928,394, 198refers to timeoc!OQ

TABLE 2 -BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERALSTATISTICS- Continued.DEBTS OWING Dt ASSOCIATIONS.RECEIPTS PURIKGYK*B.DIBBUR8XMEMT8 DURING THE TXA&.aoAMOUNT OF 8ALA.RIEBLOCATION AND NAME OFASSOCIATION.17117S178174175176177178179180181182188184185186187188189290191193193HUDSON COUNTY—COMTIMOTED.Jersey City—Crescent..,Enterprise...Equitable .ErieExcelsior..Excelsior, No. 2...Falrcnount..Garfield.GreenTille..Greenville, No. 2..Greenville United.,Highland,Home ..Hudson City.Hudson MutualImproved Land and Loan..,IndustrialJersey City..,LafayetteLincoln.......Madison..Monticello...,Montgomery.,27,4*330,6037,500 6,300103,650 tm,iH>95,700 5,700,91,969 69,970 3,499.! 137,3616,696; 66,332 21,9H745,48682,60416.97159.9727&.91O76.037113,0001 8,500.8,8011 4,458.128,600! 126,500 .__24.5M 21,950 9,000 41,67346,424 156,163' I 139,98197,850 t98,760' I 10,310 123,844111,362 $105,2709,200 69,03812,77646,6827,8991111,8148,liOO 78,619.16,096 78,88568,113 160,08737,650 73.6806.881 26,503 20,2066,200 i 186,57564,08730,4881,1351,765 1S9.B08 48,730'21,203 13,694124,612 6,70017O,77«| 47,877 17,5108,000 59,52820^631' 104,513 33,641 66,7033 4.800, Mjg. 48.871 61,64710,846 7,46320,460, 138,581 20,574 46,660l,800l 121,576 113081 7,88*•Induilve of dues paid in advance and amount owing on cancelled ttock, but exelmtve of money undelivered to borrower* and unearned premium*,forfeited (lapsed), redeemed, matured. t Wholly, or partly, «a account of previous years' borrowings. $ Not reported. H Special deposits.tlOO 171150 17!50100 17426 17675 176t Including withdrawnomoHoCOo^1

TABLE 2.—BTJIKDING AND LOAN ASSOCIATIONS OP NEW JERSEY—GENERALSTATISTIOS—Continued.O00TOTAL HT7MBEB OFCDHO194195196197198199aooSMI203rersey City—Mutual Land and Building Syn..North Hudson *PavoniaPaulus Hooi ,Phoenix......Security.. ;Star....Union..... !Washington.January 1,1891May 18th, 1893.May 3d. 1893Mlst1898t ys,898tJanuary 1st, 1893December 1st, I893t..May l&tb, 1893fi April 30tn,189St-..~.January 21st, 1893f...1,1913 9732 075US7511,19144583325449192504210176333195284101183si12947Si29;75!301$3,84327V.948169,799176,784256,84089,819169,779 i39,17281,569•2,928217,303129343'180.646187,7047G,788123,90984,557'•915! 19462,645 19640,456 19646,188 19769,136 19818,531 19986.870 2004,615 20118,303! 202HUNTERDON COUNTY.203204Flemington—Building and Loan, No. 4....Lambertville— CentennlaL117January 3lst, 1893May 22d, 18939893,4261,1771511611,9571269,821 :11,868'290,16249,6692041-4KGO9069069071IEECER COUNTY.! Trenton—Mechanics*! Mercer: N. J. Building Loan and Investment Co..August 81st. 1893.December 31st, 1898.December 20th, 18931...j• For fiscal assoel&tional year. All data abore are for this period, except where otherwise noted. This date, where the association has not been a year in operation, refers to timeof statement to Bureau. t Statement to Bureau not verified. i Verified only by Treasurer. § Not reported.9141,07019,9764833601,6771562,2587878!7977,894158,32570,970!8,9756,914206

TABLE 2 — BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY-GENERALSTATISTICS- Continued.DXUTS OWING BY ASSOCIATIONS.BEOEIPT8 DTTRIWQNG THE YIAB.DUBING YEAB.OURBXHT OFF1OK XXPBN8KB.a ?oAJtOUKT OF SALARIESLOCATION AND NA'JE OFASSOCIATION.3519»ise197198190300sei308HUDSON COUNTY—CONTINUED.Jersey City—Mutual Land and Building Sjn..North HudsonPavonlaPaulus Hook.,PhoanixSecuritySUr.....UnionWashington....HUNTERDON COUNTY.Flemlngton— Building and Loan, No. 4...,Lambert ville—Centennial.$166 *866 *S668,778 44,700 38,000184 84,800 24,800* 180 Q/\ • ' n A I * * *; nja9,8479,585 3O00 _..„6,968 88,850 17,8596,30011,0007,500 510,000ts2 4061968,10013,43196,26455,11088,34088,41985,93439,16771,33454,54183.83022,53412,46756,303IS.00034,60031,400U6,7006,60051,9M85,850 as38,80171,316300030,14631,93718,94133,70646,600«M88$30,876 1,8404Zm ^88418,876 87J©;87010,815• 7,0766,9801 J1983301,016349610«,Ji80 $1,886I HOO60© 400 800600 400 800450! 350 100450164300475400100100395§050100194195196197198199300301203303204Q!z!omO ao906aoeMEHCER CODNTY.Trenton—Mechanics 1 .Mercer .N. J. Building Loan and Investment Co...10,898 18,50011,000i.28,687i 13,890! 14,70036,123 I£140,675 | 137,73110.46016,685116,865"Inclusive of dues paid in advance and amount owing on cancelled stock, but exclusive of TOORBJ undelivered to borrowers and unearned premiums,forfeited (lapsed), redeemed, matured. X Statement to Bureau not verified. { Part? on account of previous years' borrowings. | Not reported.14,1686,01010,516600600601 306! ! 307t Including withdrawn,CO

i IS iOICM nnmber.! lll[|iii!fis t I!PAge In yetrg.Date of report.*e D|g §1 ISharea pledged (borrowed on).s IESiShareholder!.! Borrowers (shareholders).^:Net worth of association! (net asa0Total dues oa shares in force.f |8|g si sejii ,Total net earnfngf.ONV uoavj ao soixsuvig0T8

TABLE 2 — BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTICS- Continued.DEBTS OWING BY ABSOOI ATIONB. | BE08IPT8 BURIlfOlUSBtTOSBMENTS DURING THE YBAE.DURING TEAS.OUBEENT OFFICE EXPKN8BS.ooiAMOUNT OF B AX ABIESLOCATION AND NAME OFASSOCIATION.no211SIS2182143162165173182193193MERCER COUNTY—CONTHIUTBB.Hlghtsiown—Building and LoanHopeweil—Building and Loan ,People'sPennington—Building and Loan..MIDDLESEX COCTNTST.New Brunswick—American.Second AmericanExcelsiorHomesteadMerchants*People's..»..SecurityWorkfngmen's...........11,817Perth Ambor—Bt-centennlal 1,104Citizens'.Homestead,.|Perth Amboy..•4,87112,63010088,848100J780134,70819,07217,840idms7,28766,56546,71147,3989».22646,31470,03229.13318,74014,000 .56,9303,460,S•5,9969,0805,1727,18723,839,44148.74376,88331,70044,75024,54712,981$1913,0508,10040,6807,11960021,15014,4001,1154,574$6,74517,86530,9127,06164,04748,97847,14099,11346,286M.8902,72618,6176,68127,75081.2SI34.95059.50017,52069,575 86,73929,178! 10,84419,84414,00056,8992188714,8^011,65782610636,718412311,58888.B4228,18818,1425,179' \3.640.• Inelvulre of due* paid In advance and amount owing on cancelled stock, but excltulre of money undelivered to borrower! and unearned premlumi.forfeited (lapsed), redeemed, matured. % Partly on account of preTfous ysan 1 borrowings. § Not reported.112992237434475545646565738304160650177is$?& *50475 375500 400550 450500 400591276150400200208209209Î 211100 212100 213217218:::: «S66 220^f Including withdrawn,>HMo•25inO ooen

TABLE 2.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—GrBNBRALSTATISTICS—Continued.TOTAL NCMUIB OFLOCATION AND NAME OPASSOCIATION.s1IOt-3w•—io oooin333386MIDDLESEX COUNTY—COKmnncD.Perth Amboy—Raritan Crescent.South Amboy—Building and Loan..Star .Dunellen—Building and LoanJamesburg— MutualSouth River—Building and Loan...MONMOUTH COUNTY.IS April SOth, 189S1.II February 1st, 18964 January 14th, 189S* April 1st, 189834 October 26th, 18931 April 1st, 18938181,98876266721834548726644618641417734113910111042"i7$82,816 168,608150.04467.96651,776107,4797,310107,90079,48842,19285,7406,684$24,208 33143,1448,4789,584 33421,739 336636222223336>WoCDAnbury Park—Building and Loan.....19February 1st, 18231,008150185,153128,21056,942 237Atlantic Highlands—Savings Fund.....6October 31st, 1893+ ,1,1966167,80155,18412,117 228Beimar—Building and Loan1August 1st, 1891....!...,46811810,72810,176552 239Freehold—MutuaL..34I Jane 26th, 18933,350814613184161,639123,38428,255 230Keyport—Building and Loan13!NoTemberl7tb,189St...,1,596,34*43478,36362,10011,263 231* For fiscal aasociatlonal year. All data above are for this period, except where otherwise noted. This date, where the association haa not been a year In operationof statement to Bureau. f Verified by treasurer only. ? Statement to Bureau not rerined, § Net reported.refers to time

TABLE 2—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—GENERALSTATISTICS-Continued.DEBTS OWING BY ASSOCIATIONS.DtTBINO YEABBEOE1PT8 DUBYBAB.DI8BVB8XMXHT8 DURING Till YXA&.CITBBBNT OFFICE BXPKN8BS.AMOUNT OF 8AL.ABIE8.LOCATION AND NAME OFASSOCIATION.MIDDLESEX COUNTY—COWTINUTO.Perth Amboy—Raritan CrewsentSouth Amboy—Building and LoanStarDuaellen—Building and Loan.....Jameaburg—MutualSouth Btrer—Building and Loan..*M9448,470$26,741$4,518 $2,970470371 $19,617 38,130 17,19031,449 29,679 800 29,1Gb14,091 j58,516 25.M8 16,8007,696 7,37680014,00659,0146,176$40020,17632,9006,09120,7006^00$2,837$16016,861 17651884 36t8,383 31329,190 361307136236761366016060100130 22475 2363363379S0MONMOUTH COUNTY.Asbury Park— Butldiag and Loan .,.«.„.,.««.Atlantic Highland*—Saving* FundBelmar—Building and Loan.....Freehold—MutualKeyport—Building and Loan13,661in38,97813,434$30,600 19,0003,88019,81$) 7,886,.•8,5001,60036,925' 18,7636,8831 6,88344,693 80,313118,933 24,8379,8082,1604,40012,82084,86949,88736,161 31,1006,370 4,896* Inclusive of duel paid In advance and amount owing OB canoelled •took* but eicluiire of money undelivered to borrower* and unearned premiums. f Including withdrawn*felted {lapsed), redeemed, matured. % Not reported. I On account of prevloui yean' burning*. CO44,771118,90038,80030,17619,1971,31639311,66986,06993924642033470020060875360600100608363001008S0

TABLE 2.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTICS—Continued.COTOTAL MXTMBKB OFLOCATION AND NAME OFASSOCIATION.13GOMONMOUTH COUNTY—CONT232333284Long Branch—Building and LoanManaBquan—Sqa&n Village....Matawan—Building and Loan,Bed Bank—Building and LoanDecember 39th, 1892..January 1st, 1893NoTember3d,l893....March 28th, 18932.....2,f691,3588442,0849601487995853220155$135,365 $106,8i073,9561 62,6402S,843j 20,640118,8661 100,390MORRIS COUNTY.238 Boon ton—Building and Loan217 I Dorer—Building and Loan238 i Morristown—Building and Loan..December 519th, 1893.,November 30th, 1892.,August 23d, 1893-1,0661,9011,833237811tU325034165,755110,486116,52859,87093,70897,87916,77819,149238a sOCEAN COUNTY.239 Toms RIYOT—Dover..10 . March 1st, 1893t..1,519S95127,956100,67827,377 289* For fiscal association year. AH data abore are for this period, exeept when otherwise noted. This date, where the association has not been a rear In operation, refers to timeof statement to Bureau. f Statement to Bureau not verified.

TABLE 2 ~ BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEJY~- GENERALSTATISTICS-Continued.LOCATION AND NAME OFASSOCIATION.DKUTS OWING BY ASSOCIATIONS.BKOE1VTB DURLKtfYBAB.DIBBUKBXMENTB DURING THEQTTKKXXIT OFFICE! AMOUNT OFS.\rSTi8S».Qo1MONMOUTH COUNTY—COHTINTTID.I5QLong Branch—Building and Loan.M»na»quan—8quan Village.,..Matawan—Butldlng and LoanRed Bank—Building and Loan$46,481 $36,881 $9,600 $41,19631,621 23,621 • 21,1968,8611 6,492 506| 8,70843,417 40,889 9,827 96,114123,646 $16,99318,087 8,0586,09981,660 3,616$66018278496$4&017076850$40014076$60 28180 S33oMORRIS COUNTY.337338Boonton—Building and LoanDover—Building and Loan........Morrlstown—Building and Loan..239 Toms Rlrer—Dorer..OCEAN COUNTY.771 •S.075 18,876 8,760•Inclurtve or dues paid in advance and amount owing on cancelled stook, bat exQlumlre offorfeited (lapsed), redeemed, matured.3,1354,10437,341 29,86149,014. 22,10084,481! 30,7774,6809,7243,51235,144 25,61448,790 37,74733,311 18,0378,366S.36312,86137,006 21,178 11,400 85,817 88,798 760 769 226 236money undelivered to borrower* and unearned premium*.360376t Including withdrawn.o oII(1or/i

TABLE 2.—BUlLMlsrd- AttD LOAN ASSOCIATIONS OP NEW JERSEY- GENERALSTATISTIOS-Oontinued.COTOTAL NUMBER OFLOCATION AND NAME OFASSOCIATION.earnings.GOHHCDHW OGO3maaHI0a

TABUS 2—BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTICS-Oontinued,DEUTS OWING BY ASSOCIATIONS.iDUBIMG THE YXA.R.! DUB1NQ YXAB.OUEEKNT OFFICE BXTEN8R8.AMOUMT OF BAXA.BIEB.LOCATION AND NAME OFASSOCIATION.PASSAIC COUHTY.340341343343244345346347348249260251358S53Pateraon—Celtic .,.Citisen*'..But Side ...German American,.Iron and SilkM Mechanic*'MutualPeople'sProvident ,Riverside,.South Paterson.,Totow .,Union Mutual...1184 (6,500, $17,500] $11,0003770i"***9860 "Y$67,534 $67,634 .,46,592, 28,092....... 38,618 13,6181.•284 31,719 19,319 ..$*7,4»j44,11513,62631,2960,000 $11,600.. 36,702 18,830 $7,900 85,6374,000 4,000 6,Ilt .. 106,903 73,682 16,614 100,66619,086;.116,749 91,816 24,820; 104,707... s,ooo _,... 3,ooe! _,.... 400 39,450 26,763 11,372 38,696124 fclf«»|................ 30,504 26,922 1,186, 26.030 1ISO '....:...I 760 35381 17,252 160 22,251:1.6U0 4,019 3,169,.....,-.! .,. 16,649 10,996 560 15,6841.700! 7,000, 6,300 9\ 16 679 8 678- I 16465,. 885,756, S09.616J 76,969, 386,748'W,t0012,89633,346161,477147,067139,69214,66416,670,11,4009,747!151,017|m,49Q1,01617,26866.896J8,660'8.361,4 644648338,433196SS7"454|1,176!746j364'2243363,340U*0330100300321188]600,180200311,975*860j330100,900275!600400188800180 1160 301,0001240841j 342...... 343344$46 34534660 847348136 249..... 26050 251II 363100 36H364 Fasaaic—Mutual.355 People 1 !Sots Union8,357,36637,560sleoo37,360;8,3436,381216,841 119,868 38,396 301,81668,716 41.847 1 83,480. 65,18773,437 60,680 11I797 72,07ft90,391!34 48946,197,72,849 ;80,090600,4606001400]360257 Little Falls—Building and Loan.,1,87133,900 33,90011,063'3,670* 88,781 \ lS,780i 1,9441 14s!* Inclusive of dues paid to advance and amount owing on cancelled share*; but exclosiro of money und«lir«r«d to borrower* and DBftarnAd premium*,forfeited (lapsed), redeemed,, matured. % Not reported. $ Partly on account of pr«Tlaoa jrear» f borrowing*.114 90! 34! 367t InoludlDg withdrawn,

TABLE 2.—BUII.DING AND LOAN ASSOOIATIONS OF NEW JERSEY- QENBRA LSTATISTICS —Continued.CO>—*00LOCATION AND NAME OFASSOCIATION.earnliSALEM COUNTY.Qolnton—Loan and BulldiugSalem—FranklinWoodstown— Union ,*..,.,.,.,.,.May 1st, 1893March 27th, 1893.......December 3ltt, 1892*.6178,1*41,096237,09839,080•43,774188,0083S,060-•a13S•11,645aober.©48,9946,030268269360361S63364SOMERSET COUNTY.Bound Brook—Building and Loan..East Millstone—Millstone „„Somenrill«—Citlsens'People's .....Maylst,1893§...March SSd, 1893..,Noremberaoth, I893|..February 27th, 1891....1,4781,5001,800363738sssj1644412376,4389,66550,470180,67164,2968,86646,000111,60013,182709 3*35,47018,971261363264aHfedSUSSEX COUNTY.366 i Newton—Merriam Shoe Co..S September &th, 189378113S26,51023,7642,7661 265* For fiscal asaoclaUoaal year. Ail data abore are for this period, except where otherwise noted. This date, where the association h&s not been a year in operation, refers to time* For fiscal assoclatlonal year. Ail data above are for this period, except where otherwise noted. TJUs date, wlof statement to Bureau, f Not reported. J Statement to Bureau not Tttffied. § Verified by Treasurer only.

618 •stfoiivioossy NVO^J CINV

TABLE 2.—BUILDING AND LOAN ASSOCIATIONS OP NEW 1 JERSEY—GENERALSTATISTICS—Continued.TOTAL NUMBER OFI 5LOCATION AND NAME OFASSOCIATION.367368369370371373373374275376377278379380381UNION COUNTY.Oranford—Mutual.rwood—Building and Loan...R&hway—Workmen'sRoeelle—Building and Loan....Summit—Building and LoanWestfield—Bulldiag and Loan ..Plainfleld—Building and Loan..Home.I7i 4| 1..! 4::::::::! IElizabeth—Central ..I 7Citizens' \ 6Columbia.... S 1Elizabeth.. i 34Excelsior ! 6Ellzabethport 18Harmoma 31Union County............................. 7Union Square ....i 2February 1st, 1893December 1st, 1893January 18th, 1893May 20th, 1893*December 10th, 1893....December 13th, 1892....February 27th, 189t..April 17th, 189SDecember 1st. 1892§...March 2lst, 1893April 13th, 1893§......MaTCh 1st, 1893May 1st, 1893.December 31st. 1893..May 1st, 1893... .....March 3lstl89S..January 9th, 18933,0496161,9811,1801,1508741,7862,7167074,4959374,854'1,7055,6565,4483,560140.3671378SIS|•0870378154139171383310340 153841 665 11462 163 71,919 849 260336 3813,073 8642,3509li3910 749 17910 30f 85,3064,928123,57539,95912,97631,012186,41490,79141,078201,56810,651320,36158,545379,728414,729* For fiscal assodational year. All data abore are for this period, except where otherwise noted Tola date, where the association has not been a year inof statement to Bureau. f Not reported. J Statement to Bureau not verified. § Statement rerlfled by Treasurer only.•68.7734,92896,44036,49712,39827,204184,19879,30327,961t9,964t290,889•16,53337,1355783,8082673,462' 26836927065,218 27111,494 27313,127 273t 274988 275t 276t 27788,83 i 278279280310 8811,819operation, refers to time

TABLE 2 — BUILDING- AND LOAN ASSOCIATIONS OF N1W JERSEY—GENERALSTATISTICS—Continued.DEBTS OWtNG BY ASSOCIATIONS., DUBINO TKAK.BEOBIPTB DFBIHGYEAH.DIBBtntSXUSKTB DTJBINQ THIS TSAB.OUBBBNT*FF1OB XXFXN8K8.AMOITKT OF BALABIXB.LOCATION AND NAME OFASSOCIATION.+-UNION COUNTY.Cranford—MntuaL... ,.366>v Garwood—Building and Loan..967268370tri373Bahwajr— Workmen'*. „,.......Roielle—Building and LoanSammlt—Baildiogand Loan...WeBtfleld—Building and Loan..PlainffeJd— Building and Loan..Home..871 EUzabsth-Central.374 Cttixeas'376 Columbia........376 Elizabestb877 Excalalor378 Etfzabethport....879 Uarmonia.......380 Union County...281 Union Square...»t5,36fi 189,880 $66,67010,08*116909,465&0285,000 30,000| $2,30080,000 37,5004,000 4,17,900 6,70016,600 JM.IOO66,1563,0iO s,ooo'M.717 4,000 4,00066514 ... .. 16,000 6,0006.84S, 61.600; 60,100"""' 600 80016,924t,875j3,800ess! 2,308nW.6I6 1137,616 »35,iaO66,133 30,94819,549 16,37314,564: 14,518 .47,467 14,63842,448 27.96453,934, 40,39728,926!P6,778,4G» 10,171 ._ 10,17177.681* 16,109 »1S8,8M6,0003,80061,60916,14918,493800 46,968•1_!_139,96111,7139,73512,80018,7063,465 36,068 33,16910,880 48,393 35,3603,890 28,896 13,800,•8 13$13,0469,4463,7041104,64110,77433,1661,4368,8798,880 96,236 64,8807,967 7,331 wa572 116,247' 13,725 __, __ 104,482 _. .. ._ 65,988| .,.._, 36,1782,89d 87,694 22.860 27463 27,463 17,416 17416 9014 9,014l

TABLE 2.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY-GENERALSTATISTIOS-Continued.TOTAL NUMISEB OFLOCATION AND NAVE OFASSOCIATION.5WARREN COUNTY.Pbillipiburg—No. 4..17 May lit, 1893..1,74ft 066' 345$100,711 $76,7761 N0.6..T11 June 1st, IMS..89#16673,195 53,928 19,265 383* For fiscal auoclational year. All data above are for this period, except when otherwise noted. Thla date, where the association has not been a year in operation, refers to timeof statement to Bureau.

C/0-OPEBATIVB BCILDING AND LOAN ASSOCIATIONS. 323

CO to bO t-» © CO

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JBRSEY- -INVESTMENTOF ASSETS—Continued.ARREARAGES.AGGREGATE LOANS TO OHK STOCKHOLDERDTTRINO YEAR.STOCK (BOOK).LOANS TOOTHEB8 THAUSHAREHOLDERS.oooLOCATION AND NAMB OFASSOCIATION.WaeI8oWUATLANTIC COUNTY.Atlantic City—Loan and Building...,,..MutualPeople'sEgg Harbor—Building and LoanHam m on ton—Loan and BuildingWorkingmen'aMays Landing—Building and Loan....Pleasantville—Mutual•H4 5 8330014208104$58211321150,9,091,20,7641328 i$3,5004,0001,8002,00020001,60082098004002001001802001001«1,833667607700$4006,0002,0001,650$30 $1682522504310NoNoNoNoNoNoNoNo>GO CDoBERGEN COUNTY.9 Allendale—Orville Co-operative .109% Carlstadt—MutuaLBogota—Building and Loan .11 Clr—Harrington .12 Englewood—Mutual .12^6 Fair Lawn—Saddle Rirer.13 Hackeneack—Mutual..240'103543422,0002,0004,0005,0008003,8002003,000800200500!1,0001,5002,0331,56025050025 160NoNoNoNoNoNoNoII1212J413• Not reported.f Inclusive of interest and premium*

2§9»W » W M O 4n tfo. W to t-JIfiilfil• g'«5 B 7 ? • ^^Sj z§\ i s 5i &! £?i i I 8Ifiiiiii 3! i i ! i ii iIlilllNOffice number.: : ; : : —f-Mi I*xM: : : ojO'0>o>aid»Annual interest rate during year(per cent.)Highest.? i Bs j3 B B B jLowest.*-« : : • • • : oMBffB]ai> j« 3i S —3 BBAverage.3 s © p o p o flI ?!i ill?OiO»-iOOin(: «p : a>: : o oPremium plan.Rebates on repayment of loanbefore due ?oo -4 o> (yi rf». w to h-Office number..so sonsixvxg9S8

TABLE 3— BUILDING- AND LOAN ASSOCIATIONS OF NBW JERSEY—INVESTMENTOF ASSETS—Continued.INVESTMENT OF ABBKTi.ABEEA.RAGE8.LOCATION AND NAME OFASSOCIATION.I Saat"^booki0O9tdM9BERGEN COUNTY—CONTINUED.1Z)4 Fort Lee—Building and Loan14 Banbrouck Heights—Building and Loan..HV£ Hillside—ProgressiveLodi—Building and Loan,..Midland Park— Franklin ,....«Oradell—Bergei County......Park Ridge—EurekaWashington Township........Rams^ye—Building and LoanRldgefield—Building and LoanRidgewood—Building and LoanCo-operative ...Rutheriord—MutualBURLINGTON COUNTY.$3,125 $4,709 $4,20028,567 29,097! 28,5001,100 l,100j6.254! 4,00011227 12,456 f 12 400;.98,448 116,830| 112,700.16.045 16,565 15,050 .3,723 4.289 3 UO0 .14,479 24,272 24,06960,298 66,790 61,600108.610 114 959 1118859,535 18,856 17.800120,020! 120,336 98,117Beverly—Building and Loan59,773 64,874 41.600Bordentown—Building and Loan..36,540 36,640 35,080)* Inclusive of arrearages in most associations. f Not reported.Stoc82,6601,61541914,3001,150690Real$1,0004,2002621,100413,6641,422391191,7919343356,746o1,46234$2034522315466932501847396253021,11416,462836$20298$20103223 12215' 15381 22493I 49117525248i1327911992766364$1032151471617202324oJz!GOto

TABLE 3.— BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOF ASSETS—Continued.CO toooAEJLKA&AGES.AGGREGATE LOANS TO ONE STOCKHOLDERDTTRING YEAR.STOCK (BOOK).LOANS TOOTHEBS THANSHAREHOLDERS,003!sLOCATION AND NAME OPASSOCIATION. ^mI1eat.fftaCDtiCOHJWo161718192021222324BERGENCOUNTY—COHTIKTJID.Fort Lee—Building and Loan.....Haebrouck Beighta—Building mnd hoBn,,Hilltide—ProgressiTe ~..Lodi—Building and LoanMidland Park—Franklin... .......OradelI— Bergen County; Park Ridge— Eureka! Washington T-wnship ^| Raraaeys—Building and LoanRidsjefield—Building and Loan.... MRidgewood—Building and Loan.. „....„..Co-operativeI Rutherford—Mutual...$42 160*"

aa?115*I«sS3a.a>|7—tot*Ei ill: : :ill\\ i i ! ii gf: B!B!2 « P: :::::::tO vi * Q O N M * W M0OC£QD N>Office number.Amount.Losses.Highest.Lowest.IS Average.33Money loaned or sent out ofState ?Radius of distance (mileb)during year.Annual interest rate during year(per cent.)tCOi.IH8. o- aof? ? 5.?"Premium plan.Rebates on repayment of loanbefore due ?Office number.658 •SKOIIVIDOSSV

g 5*5"8 -2 o oo2L S5*I3is=5«iis*gllgi! 11:-«! Sj |f?|:• : : Si g: ! o: g: : : i: : : : : P : i S : d • : : :: i : : : : ! ; ? • : • i \ Ii i ! i i i i i i ! ! ! ! M: : i : : : t : : : : : : i ii i i : : .' ii : I : 5 : ! i :H iIi ! ! i il iii i iTotal net worth (net assets).Total grosi resources.I£CQ OQ03 OQH QOQ M2, » at S S p. jth 5 J5 ]S Sf y ':: • • £2 3? o: I OJ 10 to to M OO : _Total.Dues.Interest.Office number.COao sonsixvxgoes

TABLE 3.—BTJILDINCr AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOF ASSETS—Continued.ARREARAGES.AGGREGATE LOANS TO OMB STOCKHOLDER©TIRING YEAR.STOCK (BOOK).LOANS TOOTHEBS THANSHAREHOLDERS.Q9oILOCATION AND NAMB OFASSOCIATION.•S1SH-4wMfoM•BURLINGTONCOUNTY—CONTINUED.272829303132333435363738394041Burlinuton—CityFarmers' and Mechanics'Delanco—Buifdiog and LoanFlorence—saving FundMoorestown—Building and Loan...Workingmen'»Mount Holly—Building ftnd Loan..IndustryPeople's „New Gretna—Building and Loan....Palmyra—Building and LoanPemberton—-Building and LoanRiverside—Building and LoanRiverton— CinnaminsonTuekerfc- n—Mutual$456141812;iob2!390'.$19933117701113$1 4004.00012 (XX), 12,0003,0003,0003,0002,7007,8001,0001,00010.3003,0004,000600* Also $15,870 on bond and mortgage to members without stock collateral. f Not reported.221306562 |$200503002008i)01,000100100100100IOO5003002

332 STATISTICS OV LABOR AND INDUSTRIES.MGfqtnnni anp ejoj9qj no 89^«q» •« •« 0000• o 'j CO

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 333t£ [toxics !Gi* s s a i f i f s i i l f f i I l l s::!: M :::::.':;: 2 -*: ! : : • : : ! j : : : : : t :

TABLE 3.—BUILDINa AND LOAN ASSOOIATIONS OP NEW JERSEY—INVESTMENTOF ASSETS—Oontinued.COCOLOCATION AND NAME OFASSOCIATION.ARREARAGES.AGGREGATE LOANS TO ONE STOCKHOLDERDTTRINd YEAR.MORTGAGE.STOCK (BOOK).LOANS TOOTHEBS THAWSHAREHOLDERS.sr1IoCAM DEN COUNTY.42 Cam den City—Artisans'..43 Bishop Bayley44 Brotherhood45 Camden..46 City47 ECOD omy_Eastern Union48^ Excelt-iorF»anklin50 German Centennial...51 Guarantee. .,52 Homestead ,53 Mechanics'54 Mutual55 Matual Guarantee ....56 Norn Camden....57 People**..58 Provident- „ „..59 Soath Ward8173 5949227010288701$5231,04052359190206152693711,25517292041824,91531160052iuol$3,8004,«>007753,000400018,7002,c>004,5005,5003,0002,7003,5003,6005,00017,200114,400 ]4,O00|4,000|2,000!s$1001001001,00020010050020010020020010010010020050200200100•Not reported. fin eonneetion with wile of property. J Only ainking fund, at 6 per c«nt. call loans.$1,300551•8808942 3001950*1,086900967*10458501,1181500|1.4001.338$2,000 $100,1,000 50200| 123,5001 1001,500 501,0006004003001,0002002001,800300'""4002005010050100100$400241406466NoNoNofYesNo.SI 650JNo 118,7001NoNo175 No2001501,120133128250250NoNoNoYesNoYeaNoNoNo20,517434445464749505152535455565768wo

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OP NEW JEBSBY—INVESTMENTOP ASSETS—Continued.Office number.4243444546474849505152 ,53546566575859LOCATION AND NAME OFASSOCIATION.CAMDEN COUNTY.Camden Citv—Artisans' .. ... . ...... ....Binhop Bay leyCity . ".Esiftfrn Union.. .... ..................Franklin ....Guarantee .. . . .....MutualMutual Guarantee . .North Camden . . .People'sSouth Ward ....SECURITIES INDErACLT AND LOSSESDUB1NG YEA1.11341912Amount.$6002,60021002,000Losses.3,100 £5001 600-**40002,700PLACJJVO OFLOANS.Money loaned or sent out ofState ?fYesNoNoNoNoNoYesNoNoNoNoNoNoYesNoNoNoYesJCo. 6 16.75 6.25 9.75+8 6 12 gtCo. 6 155m .025m ,055m100 666666666666 3 .50 1.5090.15m .125m .126m354.34m .34m .34mI § I100 10 1 3.7547 6.3 610576.50 .50 313.13m .025m .075m12.50 2 8 251010.50 5.375m 7.10400.375m.375mi 8 •.125 m .125m .125m10 6 .13ra .05m106 66 .15m .10m .125m.125m Par. . IPBEVH7M AAfrB BlP I>VR1XQuOSTEAR (PER CKMT )*12 6 .16m .126m .13mRadius of distance (miles)during year.Annual interest rate during ye(per cent.)Highest.Lowest.Average.Premium plan.Mo.Gr.JGr.Mo.Gr.Mo.Mo.Mo.Gr.Gr.Gr.Mo.Gr.Gr.! Mo.Mo.Mo.Mo.Mo.• Whpn not otherwise noted, these notesPhiladelphia. ldlhi Withi ,are gross (Gr.), deducted in advance; m, monthly installment; w, weekly. t Rarely; only $1,200 inX Within county.t gNot gNt reported. | Also monthly installments. % Within oity. **Embe8zlement.Rebates on repayment of loanbefore due ?YesYesNoNoYesYeaYesYesOffice number.42434445464747^484950515253545556675859©111izj0o3oo((1o as00Ox

Office number.iffllri wmii\-2.O.E* o o n 5*1;g ft\?i Igi SSsrBjs5: i t S Pi5 ; !11 i i I M i! i 1S^STotal set worth (net aaseti).fTotal groif resources.wBond and mortgage.iMill» I j • j MI ?Stock (book) loans.d 02; : : : : :l Mil!Real estate owned.Cain on hand.Other assets.*Total.OQM * W W O) h^00 •J to cr^ co ^1 tDues.Interest.*• CO K)Office number.ajsrv HOSVI &o sonsixvxg968

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOF ASSETS—Oontinued.ARREARAGES.AGtiREOA-TK LOAMS TQ OH* STOCKHOLDERDT7RINO TEAE.STOCK (BOOK).LOANS TO0THEB8 THAH8HJL&EHOLVKBS.oI ISa!ILOCATION AND NAMB OFASSOCIATION.IiIis60616465666768697071CAMDEN COUNTY—COHTIKTJED.Camden City—State MutualStocktonBerlin—Building and Loan...CheBilhurnt—Building and Loan.......Clementon—Building and LoanCollingswood—MutualGloucester City—-Improvement. ,United Mutual,HaddoBfield— MutualLinden wold—Unite d Towns ....„Magnolia—MutualMerchantyille—Building and Loan..CAPE MAY COUNTY.72 Avalon City—Building and Loan ....73 Cape May City—Saving Fund74 'Cape May 0. H.—Mechanics'...* Not reported.$402152|14}106|69$18,1302053*1030367cS42942382,53811546280$10,0002,6001,1002601,2001,1001,2001,6005,0002 6002,0T09,2002,0009,0004,000$100100100506001004002002001002002002001003001,2386558601.6007131,4161,30011,070 •2,000$4001004002001001,0003,5004002761,000212$2510020060100200so;10050200100"'20100800517aso106400NoNoNoNoNoNoNoNoYesNoNoYesNoNoYes$24,08812,930636466666768697071727374o00oo585CC

TABLE 3.—BUILDING AND IiOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOP ASSETS—Continued.ooSECURITIES INDIFAULT AND LO8SE6DURING YEAB.PUCISO OFLOANS.TEAB {PEE CMT )*WHLOCATION AND NAME OFASSOCIATION.CO1697071CAMDEN COUNT7—CCamden City—State MutualStockton „,.Berlin—Building and LoanChesilhur^t— Building and Loan.,.,..Clement o—HuiidinR and LoanCollingswood—Mutual »Gloucester City—{mprorement.......United Mutaml *Haddoofiwid—Mntu *]..„.,..,»Liodenwold—United Town*Magnolia—MutaalMerehantvitle—Building and Loan..CAPE MAT COUNTY.72 lATalon City—Building and Loan73 SCape May Oity—Saving Fund«74 iCape May C. H.—Mechanics.1 $8002 3,0002,600S3NoNoNoNoNoNoNoNoNoNoNoNo400 YesNo£233 Noi*6010521010|Co.fis.25m.15m23.20m.llftm.23m14.608.075 m.29m.155m.275m.10m10.05m.105m.13m42.20.005 m.165m.025mPar..25mt611ft.25m.12m10.5tf.215m7.834.028m.225m.08m.125m* When not otherwise noted, these rates are gross (Gr.> deducted in advance; m, monthly installment; to, weekly. t Not reported.| Depreciation of real estate. \ Within city, town or village. I County.ft 1Mo.Mo.Gr.Mo.Mo.Mo.Gr.Gr.Mo.Mo.Mo.Mo.Mo.Gr.Gr.NoNo606162636465727374wo! 3Ioa

Office number.I*I sKT.8I

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOF ASSETS—Continued.COoAR&IA.&AQES.AGGBEG4TE LOANS TO ONK STOCKHOLDERDURING YEAR.STOCK (BOOK).LOANS TOOTHEHS THANSHAREHOLDERS.LOCATION AND NAME OFASSOCIATION.I•3s•

TABLE 3.—BUTLDINGr AND LOAN ASSOCIATIONS OP NEW JERSEY—INVBSTMBNTOF ASSETS—Continued.SECUBITIES INDEFAULT AND LOSSESCUBING TEAS.PLACING OFLOAMS.PREMIUM BATES Bill DUHINQVEAB (PER CJEMT )*ooIs§7576777879LOCATION AND NAME OFASSOCIATION.CAPE MAY COUNTY— COHTISWBD.DenniBville—Loan and BuildingOcean City—Building and LoanSea Isle City—Building and Loan ....South Searille—Loan and Building..Tuckahoe— Building and Loan ....80 Bridgeton—Merchants'....81 Saving Fund81 Jtf Millvi)le—Columbian82 Hope83 Institute84 Security85 Vineland—Mechanics'CUMBERLAND COUNTY.a83,700 $11292nNoNoNoNoNoNoNoNoNoNoNoNoT3 $c to i!K 65 I 66 67 6"2 9XtK)W105t2.507.50.40m2.75.40m.735m.351 m.35m.15m3rest.105t.505.26.025m.125.lltn.08m.105m.105m.055m* When not otherwise noted, theee rates are grois (Gr.), deducted io adrance; m, meaning monthly installment; w, weekly,loans. IWithincity61Cgrage.m >•-

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—INVBSTMBNTOP ASSETS—Continued.COto00LOCATION AND NAME OFASSOCIATION.J8S38moIs2woES8EX COUNTY.86 Belleville—Building and Loan87 Home88 BloornfieId—Building and Loan89 Essex County.90 Caldwell—Building and Loan91 East Orange—Building and Loan...92 Franklin—Building and Loan.........93 Irvington—Building and Lân.......94 Montclair—Building and Loan95 Orange—Building and Loan...........96 Orange Valley—Building and Loan97 South Orange—Building and Loan..Vailsbur*—Building and LoanNewark—iEtna... „....,Beneficial100 Casino101 ^Central102 Chosen Friends'M103 Citizens'..... ^. ,* Inclasire of arrearages in most associations.192,79716811181,350203,2688,462184,554115,68954 602253,153!105.69769,24035,47720,58728,575423620,55221,83664,87124,750197,20417,81988,751210,1768,462196,006122.91359,050265 939105,82371,55436,28424,80838,1046.03925 115)72,21480,99031,620!993,60016,70085,329200,2005,750177,662118,97550,250241,55596,57868,40030,80023.150JS6,2OO4.600124,52559,0357Of67O29,400$1,6051,6455,28013,5732,2204,95216,3073,1401,0942,415450|8;-o225150 .1,866 .1,955 .$2,9483,1231,600$1,2976311,2501162,3681,8592162,9057,2721,4041,258466321971,3461939,1212,115$7024885'271,6323442,9121,5029438051,5788021,003887977931723,9096,839165$3022334311,3581022,9128968032931.2868021,003709753931723,7584,784=1501$1562071631851001,6695004512356255195585382709094214,231111$13941091,12221,2433963124660213537412145286878889909192939495969798999910010139543,737150102103COH

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JEBSBY—INVES^MBNTOF ASSETS—Continued.A BREAKAGES.AGGBEQATE LOANS TO ONI STOCKHOLDERPTTRING YEAB.STOCK (BOOK).LOANS TOOTHEB8 THAWSHAREHOLDERS.aoLOCATION AND NAMB OFASSOCIATION.Iw§ESSEX COUNTY.Bei I eTi lie—Building and Loan.........HomeMBloomfisld—Building and Loan ...K880Z County „„.80 Cafdwelf—Building and Loan91 East Orange—building and Loan....,92 Franklin—Building and Loan93 Irvington—Building and Loan94 Montclair— Building and! Loan95 Orange—Building *nd Loan96 Orange Valley—Building and Loan..97 South Orange—Building and Loan...98 Vaiisbur*—building and Loan99 Newark—iEtna .„...99H Beneficial100 Casino301 Central ....,"!!....!!.,.102 Chosen Friends' „103 Citisens' *•Not reported.fin New JerBcy.$1331595251 437506215202917370620104513,16315$3,6002,6007,0005,0003,20012,0005,2002 4001V.00O5,0005,000|36O04,6002,50014,00016003001,500500200200602,4001002001.700l»2001.4002.1001,0001,000800$1,3209253,2751,6767173,4841,7002,4002,7162,0603.0002,2502,4272,3002,0003,1002,900$3001,1002,0006003001,800400!300600* !160200"46b25• 252256010050$17533926528559YesYesNoNoYesNoNoYesNoYesNoYeaNoNoN113 A ID Y1 o«132 No1851 No$1,70029,9358687838990919293949596979899101102103tr 1ooaoO3

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOP ASSETS—Continued.8ECUBITIE8 INDEFAULT AMD LOSSESDUBINQ TEAK.PLACING OS-LOANS.PREMIUM RATES BID DURINGYEAB (PEB CEHT )*1£3Offic8687888990919293949596979899 ,100101102103LOCATION AND NAME OPASSOCIATION.ESSEX COUNTY.Belleville—Building and Loan...Home ,Bloomfield—Building and LoanEssex CoantyCaldwell—Building and Loan..... .........j East Orange—Building and LoanFranklin—Building and Loan ,Irrington—Building and LoanMontclair—Building and LoanOrange—Building and LoanOrange Valley—Building and Loan{South Orange— Building and Loan|Vail.«-burg—Building and Loan.........[Newark—JEtna.. «BeneficialCasinoCentra! , 1Cho en Friends*Citisens' „ ...f$6,000uNoNoNoNoNoNoNoNoNoNoNoNoNoNoNoNoNoYesNoof dng ye3-851t10.3U.S.|C.al interecent)J«,'4 755.254.2535012.501035.5073 754.503.053m4* When not otherwise noted, these rates are gross (Gr.), deducted in advance; m, monthly installment; w, weekly,principal each quarter, interest-reducing plan. £In Ticinity. | Within city. f To members, 6; to outsiders, 5,55.50.25.502.754.502.50121.754ṭ03 OQ3541.664.253.502 t2152.83.762.604.132 25350t54.10aIGr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.|Gr. Int. 1Gr. Int.|Gr.iGr.Mo.Gr.GrlGr.Grt Not reported.COHHIu1 JNoYesNoNoNo$YesNoNoNoNoNoNoNoNoNoNoNoNo8687888990919293949596979899100"101102103JRebate oftWO

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY-INVESTMENTOP ASSETS—Continued.INVESTMENT OF AS8CT1.ABRFARAGFS.10314104105106107108109110111112113iff*116116117118119120LOCATION AND NAME OFASSOCIATION,ESSEX COUNTY—OONTIIIUBD.Court HouseEighth WardEnterpriseExcelsior ...FiresideFourteenth Ward...First ItalianFraternalGermanGrandHearthstone ,ImprovedHomeHowardKnights of PythiasLincolnMechanics'MercerModern..$2,328312.680306,067126,170122,078483 58014,077120,794226,21414 56059,6464,842210,494316,795190,669113,003128,07861,9729.859* IaclusiT© of arrearages in most aisooiations, f Not reported."S3I$2,328$302 55030«,160 272.550137,354 129,79012-

TABLE 3.—BUILDING- AND LOAN ASSOOIATIONS OP NEW JERSEY—INVESTMENTOP ASSETS—Continued.CO104105106107109110111112113115116117118119120LOCATION AND NAME OPASSOCIATION.E38EX COUNTY—COSTJLHUID-ARREARAGES.[ewarfe—Court Home - ... ,Eighth Ward_$402'Enterprise250Excelsior. ,4Fireside150Fourteenth Ward «.^......452First Italian »....„.....j.Fraternal........ • 83German ...| 4Grand« ............. 51Hearthstone.... - S fImproyed... .«. iHome .... 1 31Howard ......~.....................~. v 94Knights of Pythias "... ! 54Lincoln 4Mechanics'... „ ! —Mercer... ... .....i 71Modern 1 7fNot reported.\498633910310157123189115If$10,0005,0009,00015,0008,0001,00046004.00020005,5004,(10070005,0005,0006,00011,0008,5003,200GGBEGATE LOANS TO OWE STOCKHOLDERDURING YEAR.2$2,9571,6092,0006 9252,185STOCK (BOOK).$5762,0001,0004601,2004005502000;50'250i4001,000,2,300 It400,475;225m©1 CDver

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOP ASSETS—Continued.Of&ce number.LOCATION AND NAME OFASSOCIATION.SECURITIES INDEFAULT AND LOSSESDUBINti YEAR.Number.Amount.Losses.©0aJLIILOANS.I©o•3 ©c usIC P3 7ot otherwise noted, these rates are gross (Gr.), deducted in advance; m, monthly installment; u>, weekly.I Within city.1i1 2002 000*NoNoNoNoNoNoNoNoNoNoNoNoNoNoNoNoNoNoNo15tCo.2JCo.5tc.5 3+Co.jCo1606fgo.Ic.too.6ft66666656666665528742552.504.5054.2643 502.502 503 765.13325381.756.251321.50t1.753.503.5022.50.2511.7536.504.752.501.382.324.502 50f2 38f3.502 302.502 252.622.85f•f4 754 50fNot reported,Gr.GrGr.Gr.GrGr.Gr.Gr.Or.Gr.GrOr.GrGr.Gr.Gr.Gr.GrGr.NoNoNoNoNoNoYesNoNoNoNoNoNoNoNoNoNoNoNo103^104105106107108109110111112113113U114116116117US119120t Within county.GQ§I—1HOGQ09

:TABLE 3.—BTJUJDING AND LOAN ASSOCIATIONS OP NBW JERSEY—INVESTMENTOP ASSETS—ContinuedCOOrOOffice number.12112*123124125126127128129130131132133134135136137138LOCATION AND NAME OFASSOCIATION.ESSEX COUNTY—COKTIBUED.Newark—MutualMutual Land and HomeNewark.. ,NorfolkNorth End. . „Northwestern ~...i .. .««Passaio . .PhoenixProtectionPrudential.ReliableSaving?SecuritySeventh WardState.. . .StandardTenth Ward-SECURITIES INDEFAULT AND LOSSESHVaiHG TEA B.Number.1iAmount.$3,00011i!1.1IPLACING 0*LOANS.Money loaned or «ent out ofState ?NoNoNoNoNoNoNo1 NoNo$23 NnNoNoNo1No* NoNoNoNoRadius of distaooe (miles)during year.143JCo.JOo.10.fC.64453.52+Co.f-G.Annual interest rate during year(per cent)6666e" *Gf>66566PREMIUM BATES BID DC RINGYEAR (PEB. CS.ST )*Highest.62334.95253 75.125.5011.373.5033 13353Lowest..753iAverage.3 601 90I3L31 50 3.50.12 9, 122 3.751 50 ^1.13 1.742 25 2.80o2J.312752.67Premium plan.Gr.Gr.Gr.Gr.Int PrmGr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.Gr.* When not otherwise noted, these rates are gross (Gr.), deducted in advance; m, monthly installment; w t weekly, t This is a homestead association, the land boughtto be divided. £ Essex county. § Not reported. f Wit Ma city.c

Office number.ngoo£§»§£§pCOOo5ii slH-00Ci to cs> -4 63 to -4»> O) O h- 1Total set worth (net assets).Total gross resources.Bond and mortgage.Stock (book) loans.0 02hReal estate owned.Ct pi to i-» C. >K aOil-'WCici — & cn 55 »^ SCiCn Pi SOMCash on hand.Other assets.*Total.&» OOOOinterest.Office number.

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOF ASSETS—Continued.AGGREGATE LOAMS TO ONE STOCKHOLDERDTTBINO YEAR..STOCK (BOOK.).LOANS TOOTHEBS THAWSHABEHOLDEBS.LOCATION AND NAME OFASSOCIATION.BSESSEX COUNTY—CONTINUED.139140141142143144145146Newark—Teuton iaThirteenth Ward..UnionUptownWashingtonWest EndWoodsideWorkingmen'8$12 $3095025l|.$1,9007,6007,6004,0004,5005,0005,4004,200SlÔO1,0001,000800300200300200$1,4253,5002/1252 1002.3922,3901,440$200!35050042•500!4001,000§25 $891010J 1712510025NoNoYea36! No131 No168 Yes483 No148 Yes139I 140! 141| 142i 143$8,000 144t 145400 146GLOUCESTER COUNTY.147148149150151152153layton—Building 40 .Q a

TABLE 3.-BUILDING AND LOAN ASSOCIATIONS Off NEW JBRSBY-INVBSTMfiNfOF ASSETS—Continued.BRCUBIT1E8 INEFAULT AND LO88E8BUBIMG YEA*.PLACING OFLOAM 6.PREMIDW BATES BID DURINGTEAR (PEB, CKMT )*Q ooLOCATION AND NAME OFASSOCIATION.1"3 9it139140141142143144145146147148149160lol152153ESSEXCOUNTY-COHTIHUED.Newark—Tentonia..,No fCo.1 2.27Thirteenth WardNo 32 2Union$2,2UU No 5350 2.55Uptown.No 10.2.50 3.88WashingtonNo to.4 4.46West EndNo03m .031m10.07 06m .052 mWoodsideNo 5525WorkingnaenVNo150 1.50 LGLOUCESTER COUNTY.Clayton—Build innNo4.50 1.83Glassboro—Loan and BuildingNo sMuUica Hill—Buildinjc and Lo*oNo s88aPaulsboro—Loan and Building . . ..No 104258wedegboro—Loan and BuildingNo11 42Witiiamstown—Monroe .,No3.50 2.50Woodbury—Real Estate \" 'i\ 8400J No.07m .053m .or»om15.1310.07• When not otherwise noted, these rates are gross (Gr.), deducted in advance ; m, meaning monthly installment; w. weekly. f Within county.X Within city. g The first figure refers to mortgage, and second to book loans. I Not reported. % Call loan*, 5 per cent.Gr.Gr.Gr.Gr.Gr.Mo.Gr.GrGr.Gr.Gr.Gr.Gr.Mo.Gr.NoNoNoNoNoNoNoNoNoYesYesYesYes13914014114214314514614T148149150151152153COCO

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOF ASSETS—Continued.CINVESTMENT OF ASSETS.ABBEABAGKB.GOH9LOCATION AND NAME OFASSOCIATION.©H154155156157158159160161162163164165166167168169170171172HUDSON COUNTY.Arlington—Building and LOADi Equity ...; Kearay...IBavonne—Building|C i U1Pamrapo ;1 Harrison—Harrison and KearnyI People'sHoboken—building and Loan[Town of Union—Building and Loan..West Hoboken—Palisade..,17,970124,046!466,419'134,738!65,91567,1681647,428334,812,12t,12825 275JerseyBergenCity—BergenMutual, No.Mutual,3No. 2109158,122328Caledonian..-87,816Carteret.59,248Columbia....209,173Commanipaw15,259Crescent31477Enterprise126,346* Inclusive of arrearages in most associations. £Not reported.$4,956)22,577124,591499,275!145,667!96,23867,952661,035406,617124,42831,296159,143113.917.87,816!116,467;223 830;26,95487,366126,346•85o3$4,62819,750;119,762!472,000i136,600)91,32963,700.618,700379,000123,55030,60094 2001108,80082 813J113,400 i186,600'24 80084,600120,100:$2,008'8604,2701,225 .J400 19,700;7,48010 850]2,700'2,736'1,05014,985!355'1,1853,255 ! $*1411,957l12,263$2517142,79719,7466,0731,0202,71015,20617,3811313114,649654|2,137!l,136|981,578113961mi10511,182]3,2691,7693,0751,1425,4722,7561747'385;49,445;1,7 ire7W 1711,141| 172Oto

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY-INVESTMENTOP ASSETS—Continued.AttttlABAGES.AQG&EQATEMORTGAGE.LOANS TO O«K STOCKHOL&ER©TIRING TEAR.STOCK (BOOK).| LOANS TO- ) OTHEJiS THANI SHAREHOLDERS.9LOCATION AND NAME OPASSOCIATION.SIaaisbd1641551561671581591601C1162163164165166167168170171172HUDSON COUNTY.Arlington—Building and LoanEquity :Kearny.Bayoime— BuildingCeutrerillePatnrapoHarrison—Harrison and KearnyPeople'sHoboken—Building and LoanTown of Union—Building and LoanWeBt Hoboken—PalisadeJersey City—Bergen Mutual, No. 2Bergen Mutual, No. 3CaledonianCarteretColumbiaCom muni pawCrencentEnterprisef Not reported.JTp other associations,810514742324117351290!...$2121301,691144'1484$326128858no651974021928001,110$*,200J1,550110,000]10,4004,0005,400f3,0004,0006,000)3,5002,5004,50014^00017,000oo$200400200200,400|600100100SCO2001,600800170171172oH

TABLE 3.—BTJELDlttG- AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOP ASSBTS—Continued.SECURITIES ISDEFAULT ASV LOSSJEDUB1NG YEAE.PLACIKG OFLOAW8.PREMIUM BATtS BID DURINGYEAE (PER ONT )*LOCATION AND NAME OPASSOCIATION.s154155156157158169160161162163164165166167168169170171172HUDSON COUNTY.Arlington—Building and Loan....EquityKearny...Bayonne— Build iug ~CentrtmllePamrapo *Harrison—Harrison una Ke r yPeople'sHoboken—Bunding ana LoanTown of Uniun—Building ana LOHQWest Hoboken— PalisadeJersey City—Bfcigen Mutuas, So. 2Bergen Mutual, No. 3.....CaledonianCarterfctColumbiaCommuoipaw$2,80011,5007,6O0|I!C ODNoCrescent..Enterprise,i....!1j No1 No* When not otherwise noted, these rates are gross (Gr.) r deducted in advance; ;«, meaning monthly installment; w, weekly. f Not reported.% Added to mortgage, and may be paid by installments. | Within county. | Within city. % Paid in cash at granting of loan.NoNoNoNoNoNoNoNoNoNoNoNoYesYesNoNo1506fCo.5102519»t130toels50

TABLE 3.—BTJILDINGr AND LOAN ASSOOIATIONS OP NEW JESRSBY-INVBSTMBNTOF ASSBTS—Continued.INVESTMENT OF ASSETS.ABREAUAGtB.OOLOCATION AND NAME OFAS-OCIATION.3s|sT3IHUDSONOOUNTY—CONTINUED.1731741751701771781797 HO1811*218318*18*186187188189Jeriey City—Equitable..ErieJ&xceliorExcelsior. No. 2FairmountGarfieldGreenvilleGr#eD*i!Jp, No. 2Greenville UnitedHighlandHomeHudson fityHudson Mutual.......„„......,Improved Land and LoanIndustrialJersey O!ityLafayetteLJDCOJDMadison$6,48556 369190,914260,95312n546199,165507,921232,02729,69865,900124,188146,9^494,28037,658238,446199,594309,492368,38449,128$11,51059 515199,915300,385145 946202,983547,109275,59637 495116,384131,169177,12295,45142,985247,597201,094317,453396,59053,728$11,00049 000l'>],000291 K00127,500185,1lOl,112,400j125,400171.700192,60039,940213,600199,800313,400386,70050,500j$1601,8912,050fi 9102,5685 070,711,1681,2672,7405006707 1672 820'*2,8271,2452,6002,2126,613$6988925,95916752836 37321,82115,7021646762,2451341,4011,59017,5721811,376[$275110420,90615,5956 4303514573702,1402,2572,54"9507851,9931,84136116071$2751.0194,281$1755442,2912,140! 812,087 j* 6'916, *f7381 2576,331 3,6501,763t290764$703531,9901,0081,5121761,95595117317417517617717S17918018118218318418 r .186187188189190191oQ02* Inclusive of arrearages in most associations. f Not repotted.

EABLH 8.-&VmT>t&& AND LOAN AS&OOlATtOm OF NSWOF ASSETS—Continued.00A&EXA&AGC6.AGGREGATE I^>AN6 TO OI*R STOCKHOLDERDTTRING TEAR.STOCK (BOOK).LOANS TOOTHEhS THAJ*LOCATION AND NAME OFASSOCIATION.SIoi3a3B£SI i l sHUDSON COUNTY—COWTIKUED.17417517617717S17918018118238318418518618718818»190191yErieKxeelsiorExcelsior,f^FairmountUGreenriJieGreenville, No. 2Greenville UnitedHighlandSoBud son City ,Hudson Mum»lImproved Lmcd and Loan..Indaiiria!^Jersey City.. ......'JLafayettelaocoln . , ..,.«...„.,Mdif Not reported.50830'. |2,000|2Uf5725181345 -.,101£601386,000 600f5,0007,00050002,2008,000-j-2,6004,8004,600^6,4007,0002^005001,0001,0003,0003002002004001,000400S2^00|3 3502,43't4,1111.1801,6401,6002,8462,015•1,350S100 820: f NoNoNoi,500 25 NoYesYesNoI No116 151 S42 NoYes700500300:1,350 j35 317 Y««25., .93 NoNo20 133 No10 151 No40 149 No500iNo4001 10! 104 No500] 15! 180. No173174; 175176177178179; 1801811822831841851861871881891901918

TABIiB 3.—BtrmDlNQ- AND LOAN ASSOCIATIONS Off NEW JERSEY—INVESTMENTOF ASSETS—Continued.ua a1o173174175176177178179180181182183184285186187188189190191LOCATION AND NAME OPASSOCIATION.HUDSON COUNTY-CoitTnaneD.Jersey City—Equitable. . .ErieExce'siorKxcelsior, No. 2Garfield .*..Greenville, No 2Greepville United..HighlandHudson CityHudson Mutual „ , , , .Industrial...Jersey CityLafayette, ..„,Madison , «SKCUSlf IBS IKDEfAULT AMD LOSSESNumber,1Amount$5 000jm.9PLACING OFLOANS.Money loaned or sent out ofState ?NoHoNoNoNoNoNf>i NoNoNoNoNoHoNoNoi["$l46 NoNoNoNoHadiUR of distance (mileb)during year.10of20102025+i521**Co.7152Annual interest rate during year(per cent)Gfi06666666|5to65 to 66666PREMIUM KATF8 BIB DTTBINOTEAB (PER CEMT )*Higbest..10m11.25Lowest.8tt28'2rt22 1422.8 20.8t15.73f .295m5.758.501013.50.255m3.50.2«m2.505.757/012.50.135mtAverage.10.3527.317.22148.81.265m4.416.848.61t .20mPremium plan.Mo.Gr.Gr.Gr.Gr.Gr.£w. Gr.GrGr.Mo.Gr. InstGr.Gr.Gr.Mo.• When not otherwise noted, these rates are gross fGr ), deducted in advance ; m, meaning monthly installment; w, weekly. \ Not reported. % Principal andinterest rebate plan. \ Combination of gross, installment and interest-premium plans, interest included in premium. *• Within county. ^Foreclosure los$.| Five per cent, on mortgage and six per cent, on stock loans.Rebates on repayment of loanbefore due ?YesYesYesJTesYesYesYesYesNoYesNotYesJYesJYesOffice number.173174175176177178179180181182183184185186187188189190191aooI IIaCOCD

360 STATISTICS OF LABOR AND INDUSTRIES.S i | S S * r*.Tfc*pa«q ao—** t-T «T co 1 •-"'C-paaiio: :1!•(I1B8H.:• Io5Ilii!!I iff!8103WIIS-S .2piilliil2T•a I£.3•jeqainn90^0

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOF ASSETS—Continued.ARREARAGES.AGGREQAT£ V>AN8 TO ON It STOCKHOLDERDPRING YEAB.M>ANS TOOTHEH8 THAWSilAlf HOLPEB8.ISLOCATION AND NAME OFASSOCIATION.IsHUDSON COUNTY—CONTIHUM.193195196107198109200201Jersey City—MontfeelIoMontgomeryMutual L&nd wad Building SyNorth Hudson$16PavoniaPsu'ui HookPhoenix..170Security23153U 25Washington$1,07213418064'8F»304$4,0004,0005,0002,000ft 000S 60040007.0005,0006,600$400800200l20001,0001,0001,2002O0|40020082,0002,0^0 ]$500$100 NoYesNo147 No* I YesIfi2 No1761 NoftO 150: No.... i No50 * 1 No25 186 No1921931941953,600 1!>6197, j 198i 199i 200201202HUNTERDON COUNTY.20a204Flemiogtfm—Building aud Loan..Lain bermlle—Centennial7,000! 2001,176| 1,000Yes4671 Yes6,08012,048• Not reported.

Office number,i iHi* Si woQD OistwoCOtd3• •: : :i :liHIH MMNumber.Amount.Mnney loaned or sent out ofState ?Radiun of distance (mlleb)during year,Annual interest rate during year(per cent)in12-?HighestLowest.ajo+-+ oo

TABLES 3.—BUHJMNGh AND LOAN ASSOCIATIONS OP NEW JERSEY— INVESTMENTOP ASSETS—Continued.INVESTMENT OP A!LOCATION AND NAME OFASSOCIATION.00aaM©%MVSw0i"3£|2052062072082095210Trenton—Mechanics'.MercerNew Jersey Building LoanHightatown—Building and Loantiopewell-Building and Loan...People'sPennington—Building Loan889,49977.*94168,32518,98857,0234,46922,467£89,49977,894176 30619 02157,81815,78622,467$74,25566 000 3,185167 75016.350 25039,540 10,79612,

TABIiE 3.~BTJILDIN€r AND LOAN ASSOCIATIONS OF NEW JEBSEY—INVESTMENTOF ASSETS—Continued..AGGREGATE LOANS TO OMJE STOCKHOLDERSPRING TEAR.STOCK (BOOK).LOANS TOOTHEB6 THANSHAREHOLDERS.HLOCATION AND NAME OFA89OCIATION.•-3Q 0020520«207208209210MERCER COUNTY.Trenton—Mechanics'MercerNew Jersey Building LoanHightstown—Building and Loan ...Eopewell—Building and LoanPeople'sMPennington—Building Loan..$478 263'•o$394.13$1,4002,4008fO0i,ooo;7992,0001,5005 I$600200400i300'799100t L550f1,500 ..3UO|1508O'>113$50!1010025114S280J131lfiO 146•ssYe8YesNoYesYeaNoYes2052062071.2«0 20815985 209209)43,400 210>•woQQ211212213214215216217218MIDDLESEX COUNTY.New Brunswick—AmericanSecond AmericanExcelsior ,BomeB'ead ,Merchants'People'sSecurity-. „.„W k i *f Not reported.23182022627,000|4.00017 5002,500'2.800;2.800.200150100100,5O0|16001 2,000 100 ROOlf j 2,200 50 f800' 500 lOOl 200119381,6001500'l,000|15200|1031YesYesNoNoNoNoNo8,250211212213214215217218

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOP ASSETS—Continued.SECURITIES IX ISrAULT AND I.OSSEBiDUB IK (3 YEAE.PI.ACINO OFLOA>B.CtNT )*o

TABLE 3.—BUILDING AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOF ASSETS—Continued.COLOCATION AND NAME OFASSOCIATION.HCINVESTMENT OF ASSKTI.ARREARAGES.ooio >nE3%I—ifttda2aMIDDLESEX COUNTY—219 Perth Amboy—Bicentennial ....219} Citizens'220 Homestead ...........220K Perth Aoiboy.... »...........221 ' Rarit&n Cr©Bcent....«~,..^ »South Amboy—Building and Loan.Star . „324 DoneJIen—Building and LoanJatneaburtc—MutualSouth Hirer—Building and Loan..229230231MONMOUTH COUNTY.Asbary Park—Building and Loan ........Atlantic Highlands—Sarings PondRelmar—Building and Loan „.Freehold—MutoalKey port—Building and Lean..896,617H,OOO;207,193.3.38413150,04487.96651.766107,479!7,31067^01 '10,728,151,63973^63i$96,617j14,000216,092!3,384150,04487,96652,7001115437,310•205,33467,30li11,416!190,612S6,787i$79,340314,000&133,31184,200!48,430109,632. 5,600201.S00 166,13810,100187,25082,9507,2751,2503,460•Ineluiire of arrearage* in moat associations, t Not reported. claiire of stock loans.S5C|725|2,2662,8i974422,772 16.1445,546 2,5011,685- 83185 72511,492 2,625i1,521 189}$9,627 $4,6261,074! 2,750764| 3991,316}3^8233 3,8042,8193,6442,501: §505831 536676 3712,06S 8861552,675:399j2W1,649|822|20281,935206253586219220220H22122222322422522755 2282291,132, 230i 231ooso

TABLE 3.— BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOP ASSETS—-Oontinued.AGGREGATE LOANS TO ONK STOCKHOLDER©TIRING TEAR.MORTGAGE.STOCK (BOOK).LOANS TOOTHEB8 THAW8HAREEOLDE&S.aoOffice number.LOCATION AND NAMB OFASSOCIATION.Xa-£Premiums.Dues in advance.LargeBt,Smallest.Average.Largest.Smallest.Average.If made.Araount outstanding.Office number.MIDDLESEX COUNTY-Coi.Tis©ia>.21922022034 Perth Am boy221 Rarit«n Creirent222 South Amboy Building and Loan223 8tar224 Danellen—Building and Loan225 Jamestmrg—Mutual.... ... ....226 South River—Building and Loan.. „$6091526964$520! 132$3,000*1 7002,0001,1001,4001,500$100200'lOO200$970825*600825$500*3001,500400200$150loo505025$431NoYesNoYea200 Mo225110YeaYesI #72 8fil75 YeaYea j 21,432No 1219220220^221222223224226226mCOoMONMOUTH COUNTY.IHO227228229220231Af bury Park—Building and LoanAtlantic Highlands WaTings Fund •Belmar—Building and Loan.. ,Freehold—mutual .....142941,05115312914,0003 3002002001,000 2004,000 2008001,0265501,100YesYeaNoYesYe. 14,375227228229230231QQ•Not reported.

Office number,Number.Amount.Losses.Money loaned or eent oat ofState ?Radius of distance (mileo)during year,III"isHallAnnual interest rate during year(per cent): ; Vf: 7: ^*t ill '•1W! i''-Highest.Lowest.Hj "S: |Average.Premium plan.ooooooooRebates on repayment of loanbefore due ?Office number.atnv noav^ ao 898

11iS8dHIliillsiro6w3i"SB'S?lift IgSgW o5*90 OK SOffice number.ii09iTotal net worth (net assets).Af- 1 r- 1 O> I* tO »MQiOi O WOTotal gross resources.Bond and mortgage.esiStock (book) loans.Real estate owned.Cash on hand.1SS!Other assets.*Total."40**. tv *. CDues.Interest.Office number.698 •SKonvioossy QKY f)Ni

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOF ASSETS—Continued.COoARREARAGES.AGGREGATE LOANS TO OH* STOCKHOLDERD1TRING YEAB.STOCK (BOOK).LOAMS TO\ OTHERS THANSHAREHOLDERS.»OSB oLOCATION AND NAMB OFASSOCIATION.3I1.2 •3|%B!Otr 1MONMOUTH COUNTY—CO!232234235Long Branch—BoiSdfcgandM anasq oan —Sqnan V11J age~. ..„*.»».Matawan—Building and Loan..~~Red Bank—BaiidiDg andl L*>au«S351JS79S1.6001,6001,2003,000S200 $600200 1,000 Si ,00050 678 1,000150 985 400850 $48925 186NoYesYesYes$1,0002,5432,100232233 i234235MORRIS COUNTY.237Boonton—Building and LoanDover—BuiJdiog-and Loia.-«.^-...Morristoirn—Building and Loan...,S28!57j 71I 1003,500j5,ono;300 931 l,050|200, 1,000 1,1001400 1,159 8001,837NoYeeYes3008,718236237238OCEAN «OUNTY.239Toma Ri•Not reported.8'..2,000400; l,000i 900;400jYes14,300 239 .

£«to l& §I fflf ICO8 rG 2!3O r» •* a GO si a '. ,_ «*ôHOisINumber.Amount.Lossei.|l|CQ« ° o o oMoney loaned or Rent out ofState?»Hiun of distance (during year.Annual interest rate during year(per cent)HighestLowest.A.-JOC5 W««Average.Premium plan.ebates on repayment of loanbefore due ?Office number.-stfouvioossy Nvo r j a^v

TABUS 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOF ASSETS—Continued.toINVESTMENT OF A68KT*.smo2402412423432442452462472482492502ftl2522*3254255256257LOCATION AND NAME OFASSOCIATION.PASSAIC COUNTY.Pafcersoa—C«UicCitisena'. ..East Side...................(xernjsD-American,.».Iron and SilkManchesterMechanics' «..Mutual. ....ProTident .........*.People'sRiTidSouth Paterson „ ,~......................... ........Totowa.... ..$156,11027.831 \12 372!19,5O8|t49 671275,817'2O0,I98i83,355|88,74516151722,794!8,495]\JS30D 33IX tQ&I****««»»«** «••••*«•»«*m**m*I(MIWMMtlf.•«,•»•••••• .•»•••• t^Sf 1 *,f*fo*Paasaie—Matoal.... , t 424 f*43|People's.... .M....^..,«.~ ...-«. • I»'2p5^;Union 102,020}Little Falls— Building and Loan _«. 47,0571* IacluaiT© of arrearages ia most associations. t Not reportedI$156 294] 8147,66033,7811 32 300|17,767 14,600125 442 24 800!5?,6402%\ 320219,28183 37988.75764,72024,39410.200755,459172 798109,10649,40243,232232 957205 355'68 825'85,54960,45023,1009,600.749 6303J»2,130'164,433'U«,100.44,625'a|(book1aoReal(BBtate^5,606 $1,9272178,25818,478; „..„1,879!« I6,555 S 18001,803!30fl"«>l905305...5,822]. 0o| .....12«.-> ,2,^1 4.200,2,557!

TABLE 3.—BUILDING- AND LOAN ASSOOIATIONS OP NEW JERSEY—INVESTMENTOP ASSETS—Continued.AGGBEG*T£ LOAN8 TO OHE STOCKHOLDERDTTRING YEAR.o6J8%BoLOCATION AND NAME OPASSOCIATION.HHIftw24024124224324424524624724824925025125-i253J54Paterison—Celtic.Citizens'..East SideGerman-AmericanIron and Si k.ManchetterMechanics' ....MutualProvidentPeople's.RiversideSouth PatersoDTotowaUnion Mutual.Passaic—MutualPeople'?Union....Little Falls—Building and Loan•Not reported.>CO© oHoCO

?sOffice number.II: P aMi• Ii i im? Ila• ii i ;3*a 35 !Qtdis.I*sI7r ;£: ?: : : : : : : I : :a ^ s; ^ ^ *s % ^ x ij y, s; ^0 9 0 ( 0 ^ O O O O O O ONumber.Amount.Money loaned or «ent out ofState?of diataooe (milen)during year.Annual interest rate during year(per cent.)II ss sHighest.Lowest.to *- 4- -' tC CO to K> -'Average.• "i *< "i -i •« *oooooooocooPremium plan.Rebates on repayment of loanbefore due ?-•ro Kj ro ^ ^> ^> to w t>» to K> to fco N3 w ro NJ toOffice nuniber.aw HOiivq do S

iTABLE 3.—BOTLDINa AND LOAN ASSOCIATIONS OP NEW JERSEY-INVESTMENTOP ASSETS—Continued.INVESTMENT OF ASSETS.ARREARAGESnumbeiSLOCATION AND NAME OFASSOCIATION.5assets).SITotal00isgross reTotal*oa1Bond(3(book) 1o oa?1 s1Realon handCash1OtheisTotal1150numbeio258259260SALEM COUNTY.Qulnton—Loan and Building..............Woodstown—Union ....... . . ...... u ....$54 410237,0C239 Oso$54 419237,90042 790$46,200209,7:rr$535. .$-1,247$8,07119,77139$1483,6701 180$1473,505$115t•j-$20258259200SOMERSET COUNTY.2C1262203204Bound Brook—Building and LoanSomerville—Citizens'..East Millstone Millntona...... .People's.. .. ,70,4289 50550 470130 57178,3809 r it!"i52 735131 001"5 400r>o 350117 004 8112 1504,0003571 28922442965112 106429113011179399137261l> 62263264SU88EX COUNTY.265Newton—Merriam Shoe Co.-.. «„„.26,51020,90120,50026513204042816265* Inclusire of arrearages in most associations. f Not reported. % Includes stock loans.

TABLE 3.—BUILDINa- AND LOAN ASSOCIATIONS OF NEW JEBSEY—INVESTMENTOP ASSETS—Continued.ASBXA&AGES.AGGBEGATE LOANS TO OSK STOCKHOLDERPTTRING YEAR.STOCK (BOOK).LOANS TOOTHEBS THANSHAREHOLDERS.ILOCATION AND NAMB OFASSOCIATION.m o0QBALEM COUNTY.258259260Quinton—Loan mod Building.......^....i Salem—Fran klio.Woods town—Union „ ».SI,655$411'.„KoF258No,259...I Yes ; S18,874 i8OMERSET COUNTY.261 |Boosd Brook—Building and Loan..,.262 East MiiUtone—Millstone ...263 jSomenrille—Citizens*.,.....People's........ •».« .~».............4,6001^001.0005,000400,4001062001,320! | I No25 j $500f 825 $150 Yes738! 600! 50 194! Yes !1,0001 GOOl 501 100; Yes j 18,5002612622632648U88EX COUNTY.265 iNewton—Merriam Shoe Co..2,100600!1,000 140] 2o\ 50\ No265* Not reported.

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JBBSBY—INVESTMENTOP ASSETS—Continued.Office number.LOCATION AND NAME OPASSOCIATION.SECURITIES INDEFAULT AND L086K8DURING TEAS.Number.Amount.1oaPLACING OFLOANS.Money loaned or setit out ofState ?6ShV- *C 60go 0asduring yeAnnual interest rate(per cent)PREMIUM BATrg BID DURINGYEAR (PEE CEKT )•Highest.Lowest.*Average.Premium plan.Rebates on repayment of loanbefore due ?Office number.SALEM COUNTT.258259260Quinton—Loan and Building *»....•_.„„Woodatown—Union . ... .»• • .............NoNoNo+5C>G02.7">7 252.62413.502.W• 4.81+Gr.Gr.Gr.NoNoNo2~>R259200SOMERSET COUNTY.261262263264Bound Brook—Building and Loan ..»Ea«t Millstone—Millstone ..„Somerville—Citizens*NoNoNoNo21580G6927 3862315.3.'}23Gr.Gr.Gr.Gr.NoNoNoNo2fil2G22fi3264SUSSEX COUNTY.2mNo6 tMo.When not otherwise noted, these rates are groat (Gr.), deducted in advance; m, monthly in§t«llmeiit; «e, weekly. fin town. | Not reported.265

a^BTJILDING AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOP ASSETS—Continued.CO00INVESTMENT PF AS8KTS.ABEEABAGES.|LOCATION AND NAME OFASSOCIATION.iloans.100(bowned.o1OB9UNION COUNTY.Crao ford—Mutual.2fi6Vg Garwood—Bnilding and Loan....267 Rahway—Workmen's268 Roselle—Building and Loan269 Summit—Bnilding and Loan270 Westfield—Building and Loan...271 | Plain field—Building aDd LoaD...272 1 Home _273 iElizabeth—Central..... • "...*.*..274 Citizens 1275 Colombia276 Elizabeth277 Excelsior..278 Elizabetfaport „.279 Harmonia. „..280 Union County281 Union Square$85,306!4,92*123,57539,95931.0121*6 41441,07S201/>•:.53097.09450,878202.070110,783 i399 314167 770419,301470.147189 ,.3852,356$119,000 S5.342119,600 5 50040 20012,80043,000 1851..K.0,998 11,547 i..£6.075 4,140 L46,968 3,216 ..J201.84OS.160I369 900 13 900H7 200404,30©465,072186,3502,080* Inclasire of ar rearages in most associations. f Not reported. $ Includes stock loans.42S5,6001,800600| 2 50040$2883,4001.0734997,7225,64129*"*220410814142668*'*48$1,693 $1,4735546232733716,2631,2386652304194,700"9,4012 707135268272623922965,7271,144160f 16f f9,2762 457f268Si 33548722223 2587396014441,170240196 52512 37'^311604,0961,1702267268269270271272273274276276277278279280281

TABLE &—BUILDING AND LOAN ASSOCIATIONS OF NEW JfiRSBTT—1NVESTMBN1?OP ASSBTS—Oontinued.ARBXABAGES.AGGREGATE LOASR TO OS* STOCKHOLDER©TIRING YEAR.LOCATION AND NAMB OPASSOCIATION.aiUNION COUNTY.266266}*2

TABLE 3.—BTTIUMNG- AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOP ASSETS—Continued.COooOSECUfilTIES ]PtACIJJG OFLOANS.PREMIUM »ATI8 BID DUBINOTEAB (PEB CEKT)*00LOCATION AND NAME! OPASSOCIATION.S.£_IQ00OaoSBUNION COUNTY.266266^267270271Cranford—MutualGarwood—Building and Loan. Rah way—Workmen's „...„Boselle—Building and LoanSummit—Building »cd Loan .......Westfield—Building and Loan.-..PUinfield—Building and Loan... .Home »»..,.. ...»Elizabeth—CentralCitixens' .,..,.....ColumbiaElizabethExcelsior ....«,.Elizabethport.....Harmonia( Union CountyNolNoNoNONoNo2011665 .10m66 .075 m5,6665556666510 10IO.105m2731,600 No127274No Co14.25 5 9.20275ISo 2513.50 1 8.28276i$610 Ho7 6.25277No8.756 52278No9.50 5.50 7279No15 10 122801 j 4,200 „ No7.50 4 6.10281 j Union SquareNo8 5.50 t• When aot otherwise noted, these rates are gross (Gr.), deducted In advance ; m, meaning monthly installment; w, weekly.X Premium added to mortgage and paid at time of cancellation. # Within county. | Defalcation. % Within city..50.05m.07f>m5.75.071m.075mt3.OC^mGr.MoGr.Mo.Mo.Gr.Gr.Mo.GrGr.Gr.Gr.Gr.Gr.Gr.Gr.YesNoYeaNo• —NoNoNoYesYesN-JYesNofNot reported.266266)4267268269270271272273274275276277278279280

TABLE 3.—BOILDINGr AND LOAN ASSOCIATIONS OP NEW JERSEY—INVESTMENTOP ASSETS—Continued.INVESTMENT OX* AS8ST1.ARREARAGES.Office number.LOCATION AND NAME OFASSOCIATION.Total net worth (net assets).Total gross resources.Bond and mortgage.Real estate owned.Cash on hand.Other assets.*Total.Dues.Interest.Office number.1?%M osmWARREN COUNTY.282283PMllipsburg—No. 4No. 5. . . .$100,71173,193* Inclusive of arrearages in most associations. t Not reported.$118,28375,089$111,20059,000SI ,80012,150$4,000643$842,616$1,199680$950680$364$262282283

TABLE 3.—BUILDING- AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOP ASSETS—Continued.toARREARAGES.AGGREGATE LOANS TO ONE STOCKHOLDERDPR1NG TEAR.LOANS TOMORTGAGE.STOCK (BOOK).SHAREHOLDERS.LOCATION AND NAME OFASSOCIATION.16a1 o|i §I 1§C3OEo„sverag

TABLE 3.—BUILDINGr AND LOAN ASSOCIATIONS OF NEW JERSEY—INVESTMENTOP ASSETS—Continued.SKCUBITIEB INDEFAULT AND LOSSESDTJB1NG YEAB.PLACING OFLOA MB.60PilF.MVUM BATFB BID »TJKINGTEAB (PER CEMT J*loanoo6Office number.LOCATION AND NAME OPASSOCIATION.J8^•5AmounCO3iuOa oauoaned oMoneyState'8^Vaof diatag year.Radiuidurinat*sS£I?Annual(percm ©J3 Ml5©1Averag

384 STATISTICS OE LABOR AND INDUSTRIES.TABLE 4—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS.NUMBER OFCANCELED DURING YEAR.LOCATION AND NAME OPASSOCIATION.•asATLANTIC COUNTY.Atlantic City—Loan and B'd'g...MutualPeoples'Egg Harbor—B'd'g and LoanHammonton—Loan and B'd'g...Workingmen'pMays Landing—B'd'g and Loan-Pleasant ville—Mutual5,0453355429572,7722,8754871,09560910156221468569148574933735223306528172241563735223263!395174623743133187BERGEN COUNTY.10ii1212J1313J1414*1516171819202122V324Allendale—Orville Co-operative.Bogota—B'd'g and LoanCarlstadt—MutualCloster—HarringtonEngle wood—MutualFair Lawn—Saddle RiverHackensack—MutualFort Lee—B'd'g and LoanHasbrouck Heights—B'd'g LoanHillsdale—ProgressiveLodi—B'd'g and LoanMidland Park—FranklinOradel—Bergen CountyPark Ridge—EurekaWashington TownshipRamseys—B'd'g and LoanRidgefleld—Building and Loan-Ridge wood—Building and Loan.Co-operativeRutherford—Mutual6974256288852,8142013,9613581,0632065423672,076475974841,4012,6316592,846130485812248742061,34542134324156877561941014331492740191119607661874580363164352667131441221364400•21055519607661874!8031601533526671314411213334002105393113116

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 385TABLE 4—BUILDINa AND LOAN ASSOCIATIONS OP NEWJBBSBY—STOCKHOLDERS AND BOREOWBRS—Continued.SHARES.HELD BY ONESTOCKHOLDER.•I100263428576440162525402525253015152525134250255055|I111111112 1i X1111x111111111* Not reported.*#o1 11s1,7211 621773021,1701,071663801481.414521068847532114382062564771511313465212155726Total.831023484215411534571297410615736645591721233997742631164268195252100323NUMBER OPSHAREHOLDERSMales6170209254337110360985592123250374455495338858213963553*16076221i121311341531934090281914301158144172869154719714*922398SHAREHOLDERS ASisBOREOWERS..ofmg3|a?§ 1Is101Corpo11 1.2as* *1 8 7 1 2 21 38 27 11 * 35 107 84 19.4 45614 134 140 40 411 264 196 67 1 233 18 12 6 ...... * 77 *22 83 16 11 4 1 3 92 29}22 19 3 5 104 31 24 7111 80 55 25 25 121 1 1 12J2 88 70 17 1 22 131 3 2 1 3 is*20 16 4 7 141 114J3 33 158 5 3 2 163 79 73 6 21 171 14 13 1 4 184 2 2 1 191 13 7 6 4 2069 51 18 ...... * 21...... 49 35 14 •••••• 11 22" 1 11 9 2 ...... 5 234 85 50 34 1 17 24Total.Corpo11 Office

386 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS-Continued.NUMBER OFISDCEOLOCATION AND NAME OFASSOCIATION.2526272829SO313233343536373839404142434445464747i4849505152535455BURLINGTON COUNTY.Beverly—Building and LoanBordentown—Building and LoanBurlington—CityFarmers and Mechanics 7Delanco—Building and LoanFlorence—Saving FundMoorestown—Building and LoanWorkingmen'sMount Holly—B'd'g and Loan...IndustryPeople'sNew Gretna—B'd'g and Loan....Palmyra—Building and LoanPemberton—Building and Loan..Riverside—Building and Loan...Riverton—CinnaminsonTuckerton—MutualCAMDEN COUNTY.Cam den City—Artisans'Bishop BayleyBrotherhoodCamdenCityEconomyEastern UnionExcelsiorFranklinGerman CentennialGuaranteeHomesteadMechanics'MutualMutual Guarantee8311,0791,1641,43458885467258112,178:3,70(>!2,285!6176082,8611,4202,5519343 6004,0311802,6312,1823,1091,7541,7643,9461,5261,4902,1982 9721,79721,36247722448502299681339211384249313

00Jg I Q tC tC Q r* O Qi O C*§ !i OS O CA» :t0 / X'CP •- O Oi totK *»> W: co oo o to_Hi: cc i—* to •CO CO CO CO Oi *J5 CO CO to tO tO O tO tOCorporations, firmB,Ac.Total.Males.» gaiFemales.Corporations, firms, &c.Houses acquired through associationduring year by borrowers.Office number.8*QQCD 0i 02(-3o

388 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS-Continued.NUMBER OPCANCELED DURINGYEAR.LOCATION AND NAME OFASSOCIATION.IpaI3i a(VCAMDEN COUNTY—CON.50 CamdenCity—North Camden....57 People's58 Provident•

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 389TABLE 4.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS-Continued.SHARKS.HELD JJVO NESTOCK HOLDER.Largest.Û O1i !Q P-.Total.NUMBER OPSHAREHOLDERSMales.mFemalefirms4a§oITotal.SHAREHOLDERS jBORROWERS.Males.Femal eigaCorporaitioifled tlearlHousesHation diber|Office D145204077ICO3230101020908515050100i>8i 93S* 9-01 541 73111 1,1031 761 140i 231 102 221 6981 1,0711 1361 2141 81546157010;*:82:>,73i141144404446325205601164192425337365871812,055102J00334133227137335129118375121197in*:->64139397294662573470403s*h85"**511429J41094Jh28112759482025#76175314111568122780556381725551:83033100243SL£915920441710....„225i1315fO715(15*5o106*814105657i>K5960616263* 65666869! 707155502015253014363 264J i 4451 1341 1251 911! 681 921 161i*254155>112521741171491178S401197710437121253391\221957152203450716049182246241132114.....*62534127273747576777879P51503940251 1,0111 1,5331 51i 8154 4931,02879012961938271255610944928 i274211•1615192422341963252201124514626419810ISO1164711155301411J**7*808181*8283*Nofc reported.

390 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—STOCKHOLDERS AND BORROWERS-Continued.NUMBER OFCANCELED DURINGYEAR.LOCATION AND NAMR OFASSOCIATION.2•s0"88185CUMBERLAND COUNTV-CONMill ville—SecurityVineland—Mechanics'..ESSEX COUNTY.86 Belleville—Building and Loan...87 Home88 Bloomfleld—Building and Loan.89 E |Irvington—-Building and Loan...94 iMontclair—Building and Loan...95 Orange—Building and Loan9ti Orange Valley—Bldg. and Loan.97 South Orange—Bldg, and Loan..98 Vailsburg—Building and Loan...93 Newark—A^m99} Beneficial100 Casino101 Central102 Chosen Friends'101* Citizens'103J Court House104 Eighth Ward105 Enterprise •106 Excelsior107 Fireside10* Fourteenth Ward109 First Italian110 Fraternal111 German112 Grand113 Hearthstone2,0*82,414'1,4470721,4474,040]300'4,:$8'>LWV1,2115,9241,921],:t98H5170]9713*13,2211,1183885,6133,1«92 5831,5238,7304602,2582,62-56141,51039'83432S701,342472,1,804393289,750'3095565745S4641,267501ft 181791,85112)5 S350210828541325'21D!255059!22 i19S 13157023021153384439971877!4O5i767922299472341,0 $812*45S85512325388 4 21324 412312102)505422198315.11376 i33811511018313384439107877405767922292 562341,013!12 Si458271118251726 ! .1505804711434

CO-OPORATINB BUILDING AND LOAN ASSOCIATIONS. 391TABLE 4.—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—STOCKHOLDERS AND BORROWERS—Continued.SHARES.HELD BY ONESTOCKHOLDER.i77402825454315353070101295042303025322540802510125503017350327525Smaile25ISi11111111111111111122111111112• 1•Not reported.on).1Pledge743511453865441,001309226052871,6864303791541202252313914652026381,7021,5-C6616573,2721256631,05285364Total.NUMBER OFSHAREHOLDERS52365328912416655067589288167615289195134*1541211554850211810527480235*1,1295332232090202Males.3794631819412735257314236145385198136101125101*31405948327392200913502072511 80157Femali118213107283719810173512223084583126 320*1776 "2123 1219636352132106681038iiCorpoi267122" 21712'""4 231917SHAREHOLDERS ASBORROWERS.Total.2241929712431174518159149725516#2421017601511031884169195875124834i Males.18114270831* 9033267501095646131919n5212168154385815175894628Femali41504firmsi I52III!red tfyear fca acqmiuring1!*34cnumbeOffice8485273 ""l16 863 8710272 4 8827 391 .. 4 9018 1 45 9113 1 12 929 3 9340 27 9416 "*1. 8 959 4 963 ...... 4 97* 983 2 6 991 ...... 3 994168332 341001017102510310311610432 2 2310539 1062 6107441846' 108110919:11030 *2 1 HI1124 * 2! 5jU3

892 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4-BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY-STOCKHOLDERS AND BORROWERS-Continued.NUMBER OFiaa«gs113111411511611.7118.119120121121*122123124125126127128129130131132133134135130137138139140141142143144145146LOCATION AND NAME OFASSOCIATION.ESSEX COUNTY—CON.Newark—ImprovedHomeHowardKnights of PythiasLincolnMechanics'Mercer ,..ModernMutual ".». .Mutual Land and HomeNewarkNew Jersey..*NorfolkNorth EndNorthwesternPassaicPhoenixProtectionPrudentialReliableRoflevilleSaving?.,.., .,.„...»..........,SecuritySeventn WardState..StandardTenth WardTeutoniaThirteenth WardUnionUptownWashington..,West EndWoodsideWorkingmen'pi6701,9964,0963,2771,7H51,7001,8868207,054481,8731,3911 ',4041,0311,9112,9772,8912322,7082,9712,9733,5498431,5823,986i|l269151,605,0292,0802,2523,131820£n1i17652541,0208663725414921,1391,347886412953896051,187324678231316516693742751341380980808380364314225501440600522CANCELED DURING YKAR.1953446685274194483199614064138724858924£404610845008823404V9223187906253522163275202492305625379i1S9534466852741944831030S)903403872485891562484044C97450672334042921.Ht!709002535221532752024923055173341010471010iCD CD*169*45•Shares in Jast aerlea offered for redemption «t erery monthl> meeting, f Balance notaccounted for.108i48

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 393TABLE 4.—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—STOOKHOLDBBS AND BORROWERS—Continued.SHARES*NUMBER OFSHAREHOLDERSSHAREHOLDERS ASBORROWERS.§ CHELD BY ONESTOCKHOLDER.,20452525fiO505090«v168813527252550202545355030552838382550254320Small*51111212211iX11X211iX114141122111•Not reported.la ©I I1£381,0871,5661,01478269736-J1192.087gg431843221881915801109938691,0671 4.1fi823031.655945264307399639915001,292253Total.952335504672482142511517524816221918220919126839946360350423546124207504475167185244147264347424157Males801794663442142002171335614711617910112015320929922540251230331440101157373352137166206128224237302124les.1553841053414321818614340818936599811561061179010222501301203019381740109121324of •1§1Corpoi18""2""532' "2333041......13......'""2i11Total.3100180147*754291537336328869398 41148110919573215914334423561094613739Males.28313711573341335626305777280 4886180195620117113283733c98 0321173331Corpo1164326271181510229191826182711241306et2••••••1113205firmsof§1......6""l•ed tJftpeart22122'""i............ 11i'3 seJiagOffice1113*111143911520116* 11710118* 1195 on14 121121*2122* V>R124* 1258 125*11 1263 1278 129 1 13014 1319 13210 13321 1343135136*14 13721 1385 139155 1401414 1427 14312 14417 1452146

394 STATISTICS OF LABOR AND INDUSTRIES.TABLES 4.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS— Continued.NUMBER OFCANCELED DURING YEAR.LOCATION AND NAME OFASSOCIATION.£ aa8Oi147148149150151152153GLOUCESTER COUNTY.Clayton—BuildingGlasaboro—Loan and Building...Mullica Hill—B'd'g and Loan....Paulaboro—Loan and Building...Swedesboro— Loan and BuildingWilliamstown—MonroeWoodbury—Real EstateHUDSON COUNTY.154 Arlington—Building and Loan.155 Equity..166 Kearny., ^j ,,,,157 Bayonne—Building..158 Centreville.159 Pamrapo,160 Harrison—Harrison and Kearny161 People'?162 Hoboken—Building and Loan...163 Town of Union—Bldg. and Loan164 West Hoboken—Palisade.165 Jersey City—Bergen Mut'l, No. 2.166 Bergen Mutual, No. 3167 Caledonian168 I Oarteret169 Columbia170 Communipaw171 Crescent172 Enterprise173 Equitable174 Erie175 Excelsior...176 Excelsior, No. 2177 Fairraounf178 Garfleld* Not reported.859'j 128869 235343 64'792 129680 76494|5,960> 1,3446681,0882,2187,3523,6951,1551,49610,5826,8883,1108608811,0851,6662,1384,0829081,0951,6906379281,0724,1271,2473,4297982976941,7268522744862,7979704*1854781,000919416203111250190!7731,024137 3737 3723 18100 5072 7264 48,298 1,104130479460,l,067i675265182,5664243881014215928558869625738640119031650803179861359142610816588e;02 34257386391 10190261, 55* !803179"11304794601,0676«1205182,3804243789384215155013135160

en 01 to o o«Largest.Smallest.S§2w »OoCD 05 *- -^J *300 ZA Cn CTi 4*- CCO QO CO O\ Ox ci to to to co:Pledged (borrowed on).1 s• co. co©g *©coto: i »-*© £fe torcooowa*MOJ

396 STATISTICS OV LABOR AND INDUSTRIES.TABLE 4 — BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS- Continued.NUMBER OFCANCELED DURING YEAR.LOCATION AND NAME OFASSOCIATION.i0s179180181182183184185186187188180190191102108194]95196197198100200201202203204206206207HUDSON COUNTY-CON.Jersey City—GreenvilleGreenville, No, 2Greenville UnitedHighlandHomeHudson CityHudson Mutual *...Improved Land and Loan...IndustrialJersey CityLafayette.,LincolnMadison. v»...~MonticelloMontgomeryMut. Land & B'd'g SyndicateNorth HudsonPavoniaPaulus HookPhoenixSecurityStarUnionWashingtonHUNTERDON COUNTY.Flemington—B'd'g and Loan..Lambertville—CentennialMERCER COUNTY.6,0543,4011,1961,2189063,0151,2091,0963,7002,5034,7660,2871,4773,0341,0001,1923,9722,0752,0003,1311,5462,4371,2911,7539893,426PT383340631384533038852101,0003,2145181,0004,G73699232266408280392211433362Trenton—Mechanics 1 .914Mercer..1,070N. J. B. L. and Invest. Co.... 19,976 14,755I660382341334576293715877878961,3454311,046167H,G2444883804556400303184105981551293,362'*Not reported, f Stated to hare been new shares but not paid for.I5992181334573715877s 18901,3094311,0461676110KG2444883304656400303184105571201,608 fi,764

ocnLargest.Smallest,2 ^SoOco cocoTotal.Males.Females.Sio6Oa-

398 STATISTICS OF LABOR AND INDUSTRIES,TABLE 4.—BUILDING- AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS—Continued.NUMBER OPCANCELED PUKING YEAR,LOCATION AND NAME OFASSOCIATION.1It208209210MERCERCOUNTY—CON.Hightatown—Building and Loan I 479Hopewell—Building and Loan..., 494People's ! 363Pennington—-Building and Loao 41809114923oou44)23MIDDLESEX COUNTY.I211212213214215216217218219220220jl221*222223*224225226New Brunswick—American jSecond AmericanExcelBior •.HomesteadMerchants'IPeople's |SecurityiWorkingmen'e...Perth Amboy—Bi-cantennialHomesteadPerth AmboyRaritan OrescentSouth Amboy—B'd'g and Loan..Star .Dunellen—Building and Loan...Jameaburg—MutualSouth River—Bldg, and Loan7041,8012,7242,2821,362 .2,884) 1,0031,037;747!.1,080 1,2013,325 668:370, 376444 1 .818.1,988 400762 41,873, 37557 574642BH227408185731210907599183,73380171900472283408185731210907fi991837332417120'10165227228229230231232233MONMOUTH COUNTY.Asbury Park—Bldg. and Loan...Atlantic Highl'ds—Savings FundBelmar—Building and LoanFreehold—MutualKeyport—Building and Loan1,100,3501,595Long Branch—Bldg. and Loan...' 2,050Manasquan—Squan Village 1,358*Not reported.75121188 j4311870331143I30554'24llil45*210833;1102541715142122D1012810341046

•* ' IO Qi W O H ^ 033 i oo©w_©_© H-*^'_Largest.SmallestIS* H W H C2 — tOOPledged (borrowed on).*>.* 3 t—' GO GO Oi © W H W COOOCi—t -a #± CTaCO 00 O ^ rf^ to 00 5O_bO i- 1OTotal.HJ tO * tO I-*i—» COCOOi ODI—» QC I-*OU' ODHtOCOCn On CO cMales.8*M^ O« C7i 00 O OÔFemales.CorporationB } firms,

400 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4—BUILDING- AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS-Continued,NUMBER OFCANCELED DURING YEAR*LOCATION AND NAME OPASSOCIATION.>1CUD 1£Bo8ooH!234235MONMOUTH COUNTY—CONMatawan—Building and Loan...Red Bank—Building and Loan...MORRIS COUNTY.3442,084814(530!.237238Boonton—Building and LoanDover—Building and LoanMorridtown—-Building and Loan1,0501,9011,8323002(>2122009328(>2009128(>OCEAN COUNTY.239Toms River—Dover.,1,5194781212PASSAIC COUNTY.240241242243244245246247248249250251252253254265256257Paterson—CelticCitizens'East SideGerman-AmericanIron and SilkManchesterMechanics'MutualPeople'sProvidentRiversideSouth PatersonTotowaUnion MutualPaseaic—MutualPeople'sUnionLittle Falls—Bldg. and Loan* Not reported.2,8322,200922|1,4521,2204,84113,885|1,8071,21178*7,7083,5102,03378;]7702,2009441,4772401,053l,r>0442848(5m r >2or>(55(55,4321,8487508491573892225210481,44019829(511539205,5031,3478640587438922215874251029

1Corpo]CO-OPERA.TIVB BUILDING AND LOAN ASSOCIATIONS 401TABLE 4—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—STOCKHOLDERS AND BORROWERS—Continued.SHARES.HELD BY ONESTOCKHOLDERIIs1osd(bo&SiTotal.NUMBER OFSHAREHOLDERSMales.ad1firms4aT|SHAREHOLDERS jBORROWERS.Total.Males.FemaliIil||Isa?aOffice20351114879958532433381518113201551283869 ""32 23413 2353020401112278135032503412831842641946268. 89493415278271234962429159 2'W25 2379 2382016053952581325987126112 239201001130 152 1 125505020252525201502525502011111111111117381621111372231,6081,173438526309105' 1043,2413,1251,0057222823892871341322267755362982951761471321,9*4970452295136#*1001201745313382371941401121191,250852318215116346472221886097363412695108128762065221014....„139107481121111#1161026 19207 160114 8865 5665 4936 2914 1232 10422 351206 170106 8464 5646•• 40I5163925816712693621136"l18 ]1""'21• 24011 24113 24211 2432448 24525 24616)24715J2483 24910 2503 2514 25260253* 5,26427 2551825612,257• Nat reported.27

402 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS-Continued.NUMBER OFCANCELED DURING YEAR.j SpLOCATION AND NAME OFASSOCIATION.IpOHIa.*SISALEM COUNTY.253259260Quinton—Loan and Building..Salem—Franklin.Woodstown—Union6173,1341,09511051827275320175228175!71101*SOMERSET COUNTY.261262263264Bound Brook—B'd'g and Loan.East Millstone—MillstoneSomerville—Citizens'People's1,4782-10l,f>001,8003002503001221012210SUSSEX COUNTY.265Newton—Merriam Shoe Co..7811001441.3012UNION COUNTY.266267268269270271272273274276276277278279280281Cranford—Mutnal ,Qarwood—Building and Loan..Rah way—Workmen'sRoselle—Building and Loan ....Summit—Building and Loan....Westfield—Building and Loan.Plain field—Building and Loan.HomeElizabeth-CentralCitizens'ColumbiaElizabethExcelsiorElizabeth portHarmoniaUnion CountyUnion Square• Not reported.2,0496161,9 Hi1,180J, 1508741,736•2,7167074,4050374,H541,7055,6565,4483,650140374«417092071,1652686933789788091610618935407745033362o2531441532316561982247542884769311213911108362->2581411532316561072247528547680210366110.1025203159102

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 403TABLE 4.—BUILDING- AND LOAN ASSOCIATIONS OF NEWJERSEY—STOCKHOLDERS AND BORROWERS—Continued.SHARES.HELD BY ONESTOCKHOLDER!31• 35*15402515iSmall1311111xt20*6564 125 1SO 1104 1318 125 120' "•20 140 1202025211, 30 120 1*Not reported.NUMBER OFSHAREHOLDERS J k8SHAREHOLDERSBORROWERS.«?ofasfa D U.§ J1QQa9S Isa ©1153 109 42 2 40 30 9 l 2 258•X-#*•259*260cue 232 175 54 3 45 33 10 2 8 26141 64 59 53 282263 223 170 50 3 44 35 8 1 2263723 303 219 82 2 123 93 24 1 17 264133 *23 19 4 4 26530 S 277 31 * 26670 63 A ..... 2 1266}278 130 4.ft 78 64 14 14 267•115 38 1 13 15 8 ...... 8 268139 109 30 7 4 3 269171 1>7 44 ....„ 23 16 7 270233 166 64 59 47 11 3 271310 216 91 3 43 30 13 ""i 11 272153 147J 5 13 3' 34 5 5 273665 492 i*rt 114 37 274153 133 20 7 5 2 7 275849 62) 209 19 260 20V 55 36)276281 250 28 3 38 28 10""s13277864 510 312 42 420 392 28 38 278903 710 172 21 269 2,7 40...... 21 23 279-749 560 186 3 179 130 48 25 280'10 I 30 21 9 4 3 H . 2dlQO1g

404 STATISTICS OF LABOR AND INDUSTRIES.TABLE 4.—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—STOCKHOLDERS AND BORROWERS—Continued.NUMBER OPCANCELED DURING YEAR,IaLOCATION AND NAME OFASSOCIATION.bti&iPCDaWARREN COUNTY.283Phillipsburg—No. 4No. 51,7498995391864027626576137

||SS— QDO -1WOiS3I—I *-*CO -

406 STATISTICS OF LABOR AND INDUSTRIES.TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OP SHARES.[ Because of want of space, in most sf the associatious only specimen seiics are given.]1OffisLOCATION AWD NAME OF*. ASSOCIATION.ATLANTIC COUNTY.i Atlantic City—Loan and Build'g...J aS318th9th10th14th16th17thbioQ3|001305269147755832U008îs Wa —is$1201089648241200000000CM)004rCooCuI"3Q5X2I$18016713558261287•1581339299per-2oa,$60 8740 4589 8110 832 92994*StAiajj-aXI5?8180 00155 40182 4062 8024 7212 18-c»1 profit*x)§860 0047 4036 4048072182 Atlantic Citv—Mutual1st2d3d4th11663629449 0036 0024 ()012 0071 0245 0327 6313 25229310293632562 0287 6224 7212 123 921 6272123 Atlantic City—People'slot2d3d'6th7th8th15217268310256108 0096 00Hi 0060 0036 0012 00140122105714112807400088397a2 8020 7421 0011 C86 33971201069163371200086660083612 9610 087 668 601 08864 Egff Harbor—Building and Loan..1st2d3d7thoth1144104133197108 0096 0084 0030 0012 001551331124012502210705247 5037 22284 107052155 60129 00100 0439 2012 3047 5033 6922 943 26366 ffanomonton—Loan and Building.6 Hainmooton—WorkingnunVllth12th13. hloth17 thloth20th22 d25th20 th27 th8thOth12t.h13( h10th17th52 %00301305112154142110J410525012010520021840547013213212084725448ao 181200000000oo000000000000120 0010H 0072 0000 0024 0012 00200 00108175040758•122013037H8150051Hi50333307177 8215a 1100 5572 9526 0112 30080055270037HH1522 0013 51100 84502 331 330757 8245 111H 5512 051 01301.0016008820052381812fl10714584082612800070HOOH807008300800457875383337 8080 9614 7610 800 084 602 7068300847 6037 4612 788 751 3833

1CO-OPEBATIVB BUILDING AND LOAN ASSOCIATIONS. 407TABLE 5.—BUILDING AND LOAN ASSOOIATIONS OF NEWJERSEY—VALUE OF SHARES-Oontinued.«1 sO7 Maya Lauding—B'd'g and Loan,...g Pl«$afiantvlll6•9 Allendale—OrYilleCo-operatiTe....to Cailgttdt—Mutual....11LOCATION AND IfAMK OFASSOCIATION.ATLANTIC COUNTY—CON.MutualBERGEN COUNTY.12 Englewood—Mutual.,13 EJaokensack—Mutual§ ds11st2d3d7th8th9 th1st2d3d4th1st2d3d4thlfit2d5th6thlet2d4th6thltt2d4th5 th8th10thto•3•3s3oShares2508914819425032132432315410911133310111084275157156102601537220750573269162485450572Li15Amoan(install$31 0024 00' 12 00108 0072 0048 0021 0048 0036 0024 0012 0036 0031 0024 0012 0063 0053 0013 001 0072 0060 0036 0012 0071 0060 0042 0036 0018 006 00ishare. .s?.52*©Xi1$37 5827 9412 98154 0587 6165 7026 8867 9341 4726 3412 6642 0835,2226 7012 6876 4462 5118 571 0092 1373 9841 0312 5693 8278 3150 0041 8719 476 162XI•LiC>exProfit*$6 583 949846 0515 617 762 889 935 472 34656 084 222 706813 449 616720 1313 985 036622 8216 318 005 871 47penio"3"3«J$16$32 20 $1 202472721200••••143 4678 8350 1424 3863 7638 9726 2012 2439 0433 1126 3512 3469 6157 6913 261 0092 1373 9838 1612 2489 2569 7845 2038 3418 366 00|Li0,1 %S35 466 832 14385 762 971 20243 042 111 35346 514 592620 1313 982 162418 259 783 202 3436

Rid2wood—Building and Los82Rid field-Building aoo-tr 1Bgssg5 55 tc to1f1a.OBParvrRidge—Eureka..Ora0tI11—Beriren CounSga.I3»e1-Building and L(ouok Height!—Building and.-Forp- 1iee—Building and LoanERGEN COUNTQoasOffice number.ASSOCIATION.Series number.Shares outstanding.O008tWogggggggg8§g§HIStw *• C6888HiKS *. O88842 0127 8612 89ts r: x oSSSiK. ~ *.88Sr~. to22Ci 00 tC —8888O — OS tC88Amount paid per Bhare(installment dues).Net holding ralae per Bhare.amH(9 0 ©fcSkb.?"*"& co ca oSS3^^Profits per share.UCOCSKWOB86 4i>29 7720 973 311 08lt>1602>—»-4 saOC bDNSSSiS£Cl K.*88Withdrawal value per share.Withdrawal profits per share.'1

i1 peribiCO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 409TABLE 5.—BUILDING- AND LOAN ASSOCIATIONS OP NEWJERSEY—VALUE OF SHABES-Oontinued.i 1oLOCATION AND XAHE OfASSOCIATION.BERGEN COUNTY—Coir.23 Rid ge wood—-Co-operative, .».,„„»,»,oaSI1st3d6th12th13th14th21st24 th1 S0s113'J2624400160070/©JSm A. mi *"5 aI-0 0-i$24 0022 0019 0013 0012 0011 004 001 00.c

i410 STATISTICS OF LABOR AND INDUSTRIES.TABLE 5,—BUILDING- AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OF SHARES—Continued.Office number.•LOCATION AND NAMK OFASSOCIATION.Series number.Shares outstanditAmount paid per(installment duesi per share, jBboaIPro6ts per share.per share.Withdrawal valuea per share. j|!1I.BURLINGTON COUNTY—CON.20Delanco—Building and Loan1st2d3d22353112$30 0024 0012 00$10 5325 0412 52$3 531 0452$38 1024 9012 00$2 1696301st2d3d214244132 0008 0032 00188 2582 8035 0150 2614 803 01185 0073 0232 3053 005 923 3031 Moorestown—Building and Loan,.lit2d5770524 0012 0025 0012 271 002724 7212 18721832 Mooreatovrn—Workingmen'B1st2d3d230101151110 0030 0012 0072 04'tO 5512 6012 044 555004 5037 0812 001 501 0833 Mount Holly—Building and Loan,.12th18th22d10818080300 5030 500 5087 0236 447 0021 425 041 00**34 Mount Holly—Industry0

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 411TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—VALUE OF SHARES-Oontinued.i1 iASSOCIATION.BURLINGTON COUNTY-CON.38 Pembeiton—Building and Loan,..i number.©1st2d sth9tha•31"SooI% S425130470371int paid per shareWment duesj.|1$54 0048 0012 006 001Neth1I®a"5>•tc3$75 5366 0013 626 60iXi•aWith*9XSmI.3|15#5 63 $21 5362 40 14 4012 32 326 0039 Riverside—Building and Loan1st2d4th6th7th1467821926426284 0072 0048 0024 0012 00109 0492 7358 5026 4312 6125 0420 7310 502 436195 7680 6451 8424 9611 768 643 8496400th7th12th14th15th132153343456452120 00108 0048 0024 0012 00185 49164 3164 4830 0414 57G5 4956 3116 486 042 57174 57150 2353 4925 0112 2164 5742 235 491 012141 Tuckerton—Mutual3d6th7th3251967718548 5030 5012 606 5063 2136 3013 466 8414 715 80963460 2733 4012 m 6 5311 772901903CAMDEN COUNTY.42 Camden City—Art/sans'.,. ,19th20th25th26i h32d33d37th38 th19}4136126,321 #673*4322*320 00114 0084 0078 0042 0036 0012 006 00182 61171 45115 98105 9249 2040 9812 546 2762 6157 4531 9827 927 204 985427156 001*4 78101 6492 0445 7839 2412 366 0036 0030 7817 6414 043 783 243643 Camden City—Bishop Bayley3d4th5thSth684U61li|857%799120 0096 0060 0012 00183 00135 6575 8213 2153 0039 5515 821 21160 00114 0068 0012 3040 0018 008 003014 Camden City—-Brotherhood1st2d3d4th8126294424 0018 0012 001 6 0024 4818 3612 246 124836A1224 4818 3612 246 1248362412

naQ2I§2sQI5Office number.ftIdGOc =r^££oSeries number.c = -- -^ -4i^5oa:Shares outstandiag.88888 88888888888S 888888t-* tC «i- & O Ie» ^ ^3x osicsc~.IProfits per share.Withdrawal value per share.: : : : -.: j ; ; :Withdrawal profits per share.

OIBee number.2a.33Cu7oBI!1I2f I| 3OoIsboaSeriei number.SffiOOOoC8OHS6C1 »-»-»5i 3- oo ^- OS SO -4 ri ?S S ^88888 88888 888 888118 38 88888ShareH outstanding.Amount paid per share(installment dues).Net holding value per share.Profit* per shareoo*- ^ 00 gl r^Withdrawal value per shar*.COWithdrawal profits per share.

414 STATISTICS OF LABOR AND INDUSTRIES.TABLE 5.—BTJILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—VALUE OF SHARES—Continued.LOCATION AMD NAMK OKASSOCIATION.OAMDEN COUNTY—CON.M nII35Camden City—State Mutual1std17th18 th1,3081,6752450731 0060$98-10 251 Oil50İCaraden City—Stockton..42024 0012 002512 341 3934$21 Of12 2462 Berlin—Building and LOAD.1st2d8 th12 th5920635857HI 0079 0042 001H 0012 00114107 5453 1221 2313H) 9528 6411 123 232 77i)8 7001 HI45 0818 6012 3063 Cheailhurat— Building and Loan.. 1st12d6thOth3172 0000 0024 0012 0007 0278 0(12(5 8812 7226 9218 OO2 887284 90Ot) 0025 4412 8661 Olementon—Building and Loan...lit12 001 12 4!>4965 Collingiwood—Mutual... .1st5thOth7545243086 0030 0012 00(J 0041 4033 7512 00 :0 16A 403 750016|39 2432 2612 800 Oil66 Gloucester City—ImprorementUt2d6thOth82U30 \\27187772 25oo 2524 2512 2508 6870 2328 2413 8520 2g 87 0918 98I 70 18:i 99 25 341 001 12 8867 Gloucester City-United Mutual...10th17 th20th2fith20th•Dues and 6 per cent, interest annually.62128174132 001ii8 oo!84 0024 0012 00180 131H4 00107 0027 0318 8054 1340 00;23 0018 03 i1 801109 00149 0095 5025 0012 00

o•d5*If89? *td3mo >•£ If §9OflBoe number.tdQ o•58 M Otry S'S'P'arSeries number.-T *. Oi W *>• MOr iJ I—* O> W •—» ~Share* outstandiag.SS8 ggggg S5S5 gggg 8S88888Amount paid per share(inata.Jment duei).o>-i K> OS 00 +» CRto c> ?o oi»i-otOH^CA M W W 4S;S^SIK§gSNet holding r«lue per share.Profits per share.•COSoOQOMQMlOOWithdrawal ralue per share.Withdrawal profit* per share.

416 STATISTICS OF LABOR AND INDUSTRIES.TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OP SHARES—Continued.I1LOCATION AND NAME OFASSOCIATION.1Series numlbibTIShares outstanu«eAmount pai(insta Imen3 per share.S3.2'oIDProfits per ishare.i perd«Withdrawali'i1to* share, il1WithdrawalCAPK MAY COUNTY—CON.2dMd10th12th12Mil1M2$1M2 00120 00M(5 0012 00#lOM (12170 Mfi80 8;12 87$01 (12 ftlMH 1(150 85 125OMM 8M :i(i 3887 12 OH|(> lfi5 0338087fi Ocean Glty—Building and Loan...lHt2d6th(5115070 00(50 0'•»12 0080 4774 MO12 5710 4714 MO57HI H6(57 1512 0(111 HO7 15Ofl77 flea Isle City—Building and Loan..lnt2d7thothMYMM8(50 0054 0024 (H)12 007M 3464 0120 MIS12 !1M1M M410 ill2 M(l(1M(15MM58 Md24 2M12 005MM4 M(52378 South SeaTllle—Loan and B'd'g10thllthllth20th21stM414M(iHM144 251M2 250(5 2ft24 2512 25205 12182 28122 8M2(5 401M 0(5150 8750OM2(5 682 2481205 12182 2H117 5124 7012MM(SO H750 0321 26450870 Tuokahoe—-Building and Loan14 thIfithloth22d2Md40Ml547ft102120 00108 00(50 0024 W12 0017(5 8715(1 OM71 0520 2512 1)2M 8748OM11 052 2502148 IM1M2 4(5(15 5225 1212 4(528 4324 4(55 f.21 124(5CUMBERLAND COUNTY.HO Bridgeton—Merchants' and Me-lMthMth18th22d2Md114170M32(542(5271M2 00120 (H)72 0024 0012 00182 551(51 4188 1425 fll12MA50 5511 411(5 III (11M5177 40157 2(581 (1824 M212 m45 4037 2(5i) (583281 Bridgeton—Saying Fundlothllth14th15th50(14MH(5428(511M2 00108 00Mil 0012 00170 7(5142 2041 (581M (5547 7(5Ml 205 m 1 (55174 081MH 7HMH 2(512 0042 1)8MO 782 2681^ MlllTille—Columbianlit12 0012 4M4M12 25

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 417TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—VALUE OF SHARES—Continued.£182 MilWille—Hope83 MUlYille—Institute84 MUlTille—Security85 Vineland Mechanics*86 Belleville—Building and Loan87 BellevilleLOCATION AND HIM* 01"ASSOCIATION.CUMBERLAND COUNTY—Cow.ESSEX COUNTY.Home88 Bloomfleld—Building and Loan...89 Bloomfleld—EBB«X Go»nty —-J5Series m2d6thnth12th1st2d6th10th7th8th12th16th17th7 th8th12th17th18th14th15th18th23d24th1st2d3d1st4th7 th1st3d6th$a3oXI0384*K193j$434J^4631636294U419*498^108148§£314^5222362132904441558 742032682311283132181762433103151,066.a .paidentcsiBa$132 0084 0024 0012 00120 00108 0060 0012 00132 00120 0072 0024 0012 00120 00108 0048 0012 006 00132 0Q120 0084 0024 0012 0036 0024 0012 0084 0048 0012 0096 0078 006 00share.ae per i"5tc0Net hold$184105251227167243160 12140 5270 1212 44181 60161 0286 U25 701244190 7fl160 0156 2712 796 24196 08172 29107 9026 5212 9040 5125 9512 48119 8157 9512 64131 32103 196 33are.Xi•Profits pIs.sHj33$52 '27 $184 2721 16 102 301 72 249743 12 2140 12 1601252 139 8710 12 674944 122249 60 1816041 02 16102121 84 83 >570 249644 122270 7962 018 277924640852 29 23 902 52904 511 954835 819 955435 3225 19168 00 48 00146 88 3H 8851363361200.........6 00192 87164 4495 9524 2512 0538 7024 9fi12 0095 7651 8412 24120 7293 12600|2 a,kWithdra$52 2718 30972140 1231 877 492249 6041 0211 95962260 8?44 4411 9525052 709611 783 84 2424 7315 12 *.

418 STATISTICS OF LABOR AND INDUSTRIES.TABLE 5.— BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OP SHARES-Continued.LOCATION AND NAME OFASSOCIATION.ESSEX COUNTY—CON.90 Oaldwell—Building and Loan91 Bast Orange—Building and Loan.92 Franklin—Building and Loan93 Irrington—Building and Loan94 MontoUir—Building and Loan95 Orange—Building and LoanOrange Valley—Build'g and Loan97 Sooth Orange1st2d1st2d6thlit2d7th1st2d4'h6th7th1st2d7th1st2d10th1st2d3dOth9thloth1st2d4th6th035004001,1444721263703331181011451576123491,573341367361602838594927H18314206279m 0012 0072 0060 0012 0084 0072 0024 0072 0052 0028 0016 004 0083 0072 0012 0082 0071 0012 0060 00fi4oo48 00no 00120 000072 0060 0036 0012 00$25 3312 4580 4273 5H13 05120 4808 5726 4192 1262 4('M 0410 Of]4 06107 1800 4412 63107 1480 8112 5471 21)63 6255 Oft33 3512 866 4491 4673 5140 8612 5417 4213 :>H1 Of36 4826 572 4120 1210 40a 040024 1818 446325 1418 815411 200 627 953 35864410 4613 514 8664#24 0012 0082 80 $10 8067 50 7 5012 30 3095 7680 6412 2480 6456 5121) tU16 323 00103 3386 2312 1998 8183 6012 0067 5300 1052 1831 4812 146 0084 0669 0030 4212 2411 768 (542411 485 891 7367—1620 3314 441918 8112 607 636 104 181 481412 989 003 4224

2*3!299I|P2I!2I8.Office number.o•bd-IOtf»C0Series number.832SShareB outstanding-8888JLSJJL 88888 88888 88 888 " 8888 8888ount paid p**r sJmreilliit dues;.aoS5Net holding value per share, iCJOCC OProfit* per share.oS888 88S88- 88! i SWithdrawal value per sharp.Withdrawal profits per share.3CO

«oats420 STATISTICS OF LABOR AND INDUSTRIES.TABLE 6.—BUILDING AND LOAN ASSOCIATIONS OPJERSEY—VALUte OF SHARES—Oontinued.IafitLOCATION AND NAME OFASSOCIATION.sriesia'aaares«isX3ila —•S3 00| |©09aii peraH>•60.sAMofits t a)per re.IX,i-a«pera>0I"3 »9«ithdri •I21]ESSEXCOUNTY—CON.107 Newark—Fireside ,. . ... ... .. ... ..lf»t2d5 th(ith88315510814#84 00110 0024 0012 0074 OH21 i 8!>la 64$25 as14 082 8!)1 64fl!lO3 00ll!) OC67 32 7 3224 0012 00108 Newark—Fourteenth Ward ...1st2d5thuth9thloihlath14th17th18 th2fith27 ih29 th974412238;u)9208224164248277420484aa927!l87 0084 0075 0072 006a oo410 0061 00•18 00a 9 ooan oo12 009 00a oo115 60110 7496 a491 UK78 097a 70HO 0251 \ HO44 8440 fiH12 (U9 aaa 0628 6li20 7421 at19 ftK15 09la 7o9 92H 805 844 9859aa05•107 00102 7287 80w SI70 54i'»6 8554 9740 7537 5012 069 00a oo20 0618 7212 80U HI7 546 85H 973 521 751 5006109 Newark—Firat Italian1stItha 131103a oo12 00a7 lo12 544 105412 001 87110 Newark—Fraternal.......1st2dothfiO547272 OO60 0012 0091 117a 2712 5a10 1113 275384 9669 0012 2412 989 OO94111 Newark—Qerman.......2d4th7th814243502120 0000 0012 00174 007a 6112 6954 00la 6160174 0060 0012 0054 006 00"112 Newark—Grand.. ..•••1st2d5298524 0012 0025 4312 aol 4a24 0012 00113 Newark—Hear th

CO-OPBRATIVB BUILDING AND LOAN ASSOCIATIONS. 421TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OP SHARES-Oontinued.1LOCATION AND HAME OFASSOCIATION.nifIs.IESSEX GOUNTY-Cos.114 Newark—Home(let 1,2342d i 607th 244$108 00 $148 2881 00, 103 6712 00 12 50$10 28 $!4* 00 $38 0022 67 i 91 S3 10 9350 1 12 00 !Newark—Howard .1st I 413^! 108 00| 150 83 42 832d 46{*ki JMi 00, 130 63 34 639th 898 5? 12 00 12 80 80146 55125 4412 2438 56£9 44116 Newark—Knight8 of Pythia*..1st2a7th72428674384 0072 0012 00110 4692 0413 4126 4620 041 41107 6284 9812 2423 5212%2411Newark—Line o ID,,2d7th57413037284 0072 0012 00113 1393 4012 5529 1321 4065105 8584 8412 0021 8612 84118 Newark—Mechanics'....1st2d5th6th457204187387108 0084 0024 0012 00156 60113 4326 4012 6048 6529 432 4060151 65101 6424 9612 2443 6517 6424119 Newark—Mercer.1st2d3i1,12736839130 0024 0012 0041 8526 5412 885 852 548836 0024 0012 00120 Newark—Modern .1-t07414012 007 0013 017 431 014312 007 00121 Newark—Mutual...38th 1239th 5576th I 31379th 205126 00123 0012 003 00194 09188 1512 943 2268 0965I «122 Newark—Newark .1st2x18th7604979120 0072 0010 00171 8190 4710 3651 31 103 0018 47 80 6436 10 00|48 008 64* Not reported.

Office namber.50CD13o 5"I=•8MHSS2?Series number.Shares outstanding.§;aogjgggfcO S3 3D*. SOggggs g§§ gg8«D tO25 tssAmount paid per share(installment dues).Net holding Talue per share.Profits per share.aH2UtCX vJtJC-JUA*ggggi §8go o oWithdrawal ralue p*»r sWithdrawal profits per share.

CO-OPBRATIVE BUILDING AND LOAN ASSOCIATIONS. 423TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OP SHARES-Oontinued.i §o132 Newark—Roseville133 Newark—Savings134 Newark*—Security135 Newark—Serenth Ward136 Newark—StateLOCATION AMD MAKE OFASSOCIATIONESSEX COUNTY-CON.137 Newark—Standard138 Newark—Tenth Ward..ber.aSerUt3d5th7th8th1st2d6th7 thlet2d5th6th9th10th14th1st2d6thlet2d5th6th7th1st2d6th7th1st2d7th12tha1-8o£CD7071942425,314760231493326971149373103 U88'"64^215 \A353^3879187383291175250130879483548*391,68775242^373£m ^fe ©Sitpaimeni! sS$96 0072 0048 0024 0012 0084 0072 0024 0012 00108 0096 0060 O054 0036 0080 006 0024 0021 004 0060 0048 0018 0012 006 0091 7578 2526 0013 0072 0066 0036 006 001I1a1$126 3787 7354 6525 5512 37111 3992 6726 3912 52149 44128 7672 7964 3640 6033 196 1325 8022 564 2073 4056 5818 8112 536 13125 21102 6728 6913 0791 4882 3440 876 13cAS0.4> a"3«I 11$29 3715736651553727 3920 67219524144327612 7910 364608 19131 80155 r * 2013 40868815313334624 422696710 481634487 13%$120 978380523224851219104 5880 6424 7211 85145 30112 3864 4757 1037 1530 006 0066 0051 8418 8111 905 90122 759825260013 0083 6874 9837 466 00uCD a5cda.I|$24 9711 804 32851920 588 «472-1637 3016 384 473 101 15•6 003 8481-10—1031 0010 00.........11 683 98146.........*Not reported.

Office number.g3 37 101E5"99353*« ||££Series number.Shares out*landing.o^s =•ss;ggg gg 555Atnoant paid per share(iasta Iment dues).^ = ~ ?.Net holding ralae per share.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 425TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OP NEWJERSEY—VALUE OF SHARES—Continued.©mLOCATION AND KAME 0»ASSOCIATION.a m1•aatsO3*JSec« -A* ""3 a*» ssiIp.31GLOUCE8TBR COUNTY.147 Clayton—Building2d3d8th9th10662134123$132 00108 0018 006 008189 17 857 17146 27 3H 2719 06 1 066 12 12§154 80 $1' 80123 31 15 3118 00!6 00148 Glassboro—Loan and Building1st3d3d4th37746211235120 0084 0048 0012 00166 41108 1967 0312 8046 4124 199 0380138 50 185092 461 8 4649 80; 1 8000149 Mullioa Hill—Building and Loan.7th8th11th13th16 th17 th5726692664132 00120 0084 0060 0024 0012 00186 28163 87104 4369 6125 8412 9554 2843 8720 439 611 8495183 56 51 56159 48 39 4898 30 14 3064 801 4 8024 64! 6412 28 28150 Paulaboro—Loan and Building ....8th9th18th19th20th2749114132115132 00125 0036 0024 0012 00195 10178 8239 8426 6212 00C)3 1053 823 842 62194 77172 5438 1624 5012 0062 7747 542 1650151 Swedesboro—Loan and Building.9th10 thlflih17th156858060109 0097 0025 0013 00I'M 17127 0426 3613 3742 1730 041 36371406331 t>3117 03 20 03252222130303152 WilHamstown—Monroe.11th12th17th18th165549 48144 00132 0048 0024 00199 00177 0953 6525 1855 0045 095 651 18188 00168 07,50 2624 2344 0036 072 2623153 Woodbury—Real Estate..12th13'h16th18th21»t22d209173J^277800%1,0481.110132 00120 0084 0060 0024 0012 00186 40167 31110 4375 8028 2413 985t 4047 3126 43154 V41 98180 00159 66102 3269 0425 3612 3648 0039 6618 329 041 3636

7•3«IPs102m»IIng andr 1s0»r: x"*. xtc x - 5ItC — _ tô . -§55§*--* —'6S«* — C^K— tC 3DSS9»m5 ioat"10thnth14 th10th20thtc »-•Ellis—t_ — — _ t_sss§§Eg=gg2S5x*-gg = |g3100m;*I1ion andWearnJJ = IC ^111,— ic-jractc *• *c ••S =85=gg§B8Sg159?o a aTPamrs?gggasgtc *» — xJSS55S- a -.St8to ^55 JÎCssssssCDs|nne—•1,178757U45820• to *•:Offl-I: totoo-t>o aa5"o8aI|S£ USE** — ^ i~ -i55S5 5 555-gxg| »|{ %Buildgton-OOO-IS€g>S3OK}T sS. °5* ow» O p Co-*80 10Office number.AB80CIIP»cSeriee namber.Shares outstandiag.Amount paid per share(installment dueg).Net holding ralae per share.Profits per share.!I• |Withdrawal value per share.Withdrawal profita per share.JjJpiILa10f& QQGOHWo50

Co OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 427TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OP SHARES-Oontinued.ILOCATION AND NAME OF, ApROCrATION.HUDSON COUNTY-CON.163 Town of Union—B'd'g and Loan.164 West Roboken—Palisade..1st2d5:h1st2d3d365 Jersey City—Bergen Mutual No. 2.. *lflt166 Jersey City—Bergen Mutual No. 3. 1st167 Jersey City—Caledonian..168 Jersey City—Oarteret.,169 Jersey City—Columbia..170 Jersey City—Comnounipaw..171 Jersey City—Crescent ,172 Jersey City—Enterprise." Terminating.I5947751391553249588811,0858th 2159th 2781st2d3d1st2d6th7th2d4 th1st2d4th629658851724823368742041,0951,07715778SI$48 003(3 0012 0032 0021 009 0079 0072 0024 0012 0039 2526 0013 0086 0069 0033 0021 009 0024 0018 006 0026 0072 0048 0012 00•$57 30 |9 3040934 9312515134 75! 2 7522 18 1 189 23 23188 002175107 7127 9713 0045 5028 7813691144087 70 18 70|37 10 41022659 31254718 836 0997 0659 1412 69 !$52 72j S4 7238 43, 2 4312 OOi33 2821 009 0035 71 80 643 97, 24 961 00 12 2435 009 758 6496246 25 43 00 3 752 78 27 59 1 5969 13 34' 3428 40 108 7222 72' 82 0935 28j 2 281 65 21 741 7431 9 OOi1 47 25 3083' 18 6709 6 002 65 27 6525 06 80 0011 141 50 0069i 12 001 30678 002 00

428 STATISTICS OF LABOR AND INDUSTRIES.TABLE 5.-~BUILDING- AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OF SHARES—Continued.LOCATION AND NAME OFASSOCIATION.HUDBON COUNTY-CON.?!41to.92I•a'Jersey City—Erie.»,»•«1st2d10th27116175$71 0069 0011 00$96 8073 5111 42$25 80 $83-75 $12 7514 51 04 00 60042 11 22 22175 Jersey City—Excelsior*lBt1,072130 00 180 0350 03 1S-.1 00 54 00-170 Jersey City—Excelsior No. 2..1st5thIHh1,106523'188870104- 00 142 0358 50 70 7:19 60 20 806 50 0 8038 63 134 00 30 00«12 22' 00 50 8 001 30. 20 0030 0 00177 Jersey Citjr—Fairmount....*lat1,24778 25 96 0718 4280 0011 32'178 Jersey City—Gar field..1st2d6 thOth8823008H283 00 112 0660 00 76 6024 00 20 4812 00 12 6220 0G16 602 486295 78 12 7fi-64 DO 4 9024 30 3012 00 •..,«„„179 Jersey City—Green ville,,4th6 th11th40868104314300254 4o117 00, 185 80180013 01111 4568 3001209 82145 9713 006( 8&28 80-180 Jersey City—Greenville, No. 2..lit2d6th407551571117 00 211 0178 26 106 7613 00 14 49114 012H 601 40102 2006 7713 007f> 201« 63*181 Jersey City—Greenville United..2d07051725 00 82 8218 00 14 0«7 321 9820 3818 3685'182 Jersey City—Highland.,*lat1,21888 75 46 90V 1541 04183 Jersey City—Home..,.• Termiaating.•1st006101 25 144 39 40 14 137 26 83 00»

Office tmmbef\fg££=:•7Qftu a1 §a 8s sSeries number.tHli*8HoowdaShares outstanding.-> bS Si-JO tO3assssCO tii.OClO CO O CO 4^cc

OfSce number.I C{II5O ©? 35. C!Serie3 number.X8SS§§§8 ggg ggg §§§ ggggShares outatanding.Amount paid per share(installment duei).Net holding value per share.ggg:iProfits per ihare.ggggs= 2S2 -: SSSS I g—Withdrawal value per share.Withdrawal profits per share.

CO-OPERATIVE BUILDING- AND LOAN ASSOCIATIONS. 431TABLE 5.—BUILDING- AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OF SHARKS—Continued.Office number.LOCATION AND NAME OFASSOCIATION,HUNTERDON COUNTY.' Series number.Shares ontstandit%liIs

*>Office number.COtoa5crj>.Sa*o&J>B1IIw55 S^r f!iSerieB number.Shares outstanding.aii^13di t>tiif*0«SO]ofO8S§ ggjg ggggAmount paid per share(instalment dues).Net holdtag ralue per share.Profits per share.f QOa§Q>Is1HiWithdrawal yalue per share.Withdrawal profits per share.IO;?:»v#W

OO-OPERATIVE BUILDING- AND LOAN ASSOCIATIONS. 433TABLE 5.—BUILDING AND LOAN ASSOCIATIONS OF NEWJERSEY—VALUE OF SHARES—Continued.LOCATION AND NAME OF•ASSOCIATION.1!*abDsS3MONMOUTH COUNTY.227 Asbury Park—Building and Loan.10th11th18 th19th14545716751$120 00108 0024 0012 00$176 05154 14.27 2013 03$56 0546 14320103$170 44 $50 44144 91 36 9124 32 3212 00228 Atlantic Highlands—Saying Fund1stCth6 th427102171205720087 4'ttO 00 73 96240029. 2712 00 13 1815 4713 065 271 1879 73 7 7306 98 6 9826 63 2 6312 59229 Belmar—Building and Loan3808824 0012 0026 $818 172 981 172* 2912 0029Freehold—Mutual4th5th10th11th43930639496 00 124 8484 OQ 10* 97240025 9112 00 12 4628 8423 971 9146115 23 1?) 2399 98 159824 67 6712 15 15232 Long Branch—Building and Loan6th7thMth15th16th858424041033113200193 7S12000171 9336 00 40 59240026 4012 OQ 18 7061 7351 934 592 4970184 0752 07162 96 42 9638 57 2 5724 0012 00233 Manasquan—Squan Village4th5th6th12409054699 W54 0024 00130 3663 3325 8431 369 331 84114 6815 6858 & 46724 61 61234 Matawan—Building and Loan, ,*lst34460 0069 39 3160 00238 Red Bank—Building and Loan1st2d5th6th84315732032272 0060 0024 0012 0087 8570 6125 912 5!15 8510 611 9178 3' 63463 18 3 18240011 62•Terminating.29

GOoiNet holding yalue per share. ;Withdrawal value per ahare. |

Office Bumber.1I3I1IQo1qi bi to»-;Series number.lOMacoiÔOwcnIO »— >-» CCcnwwotr- IC V-» >-»•O3c;:taShares outstanding.H-> to Cv ^- Ci cc Iggggggggg gggg g ggg gggg gggggg ggAmount paid per share(installment dues).tocnS-w oa tooo1 tli. CO r~t p>. CO !P Oi ~INet holding value per share.•'tocnoâwoO OS Oi—-4 ~- O to Jt^QOOit^^toco oCOo13 80&£&tii»—«coK -T ^-i Sv-i to -^ 5to w ic »iSSSsProfits per share.•Withdrawal value per share.& CDaoMtociaO rf^CJ IC CO MCCWMto ÔOi -Jtcnr-ooil5 >£- Cl W tO IOS 2S S H ^ S ^COH^ w: tr- Ci. tfi ~^ 5'Withdrawal profits per share.C7t

Office number.-i?2. *°a? >4 ImO^Series number-gggggggShares outstanding.Amount paidp^r share(instalment dues).CO t>H CQ5oI—i55ts i-* o »t-s t IC -T «S »&• CC- CO in C; cr 3C O -» -Net holding ralue per share.Profits per share.HWithdrawal value per share.Withdrawal profits per share.I

Office sumber.Ip.fS 1Ioa5.1a asCQO5= Ks g= 8.*

iCOj Amount paid p*»r sharef (installment dues).

OfBce nutnher.e1 sO oiQoQ ^3teaw3Series number.Shares ontstandiag.03 t>8SSW O OggggggAmounb paid per share(insta Iment dues).Net holding value per share.Profits per share.ai00GQOQI—IISWithdrawal value per share.§sIOWithdrawal profits per share.iCO

APPENDIX II.Decisions of New Jersey Courts.GROSS DEDUCTIVE PREMIUM PLAN LEGAL—REASONABLE FINES—WHEN COLLECTIBLE BY FORECLOSURE OE MORTGAGE DEBT—WHEN INTEREST BEGINS TO RUN ON MORTGAGE.Lincoln Building and Loan Association v. Bowen.The bill in this case was filed to foreclose a mortgage, on landsin Jersey City, securing a bond. The complainant is a corporationorganized under a an act to encourage the establishment ofmutual loan, homestead and building associations," approvedApril 9th, 1875 (Bevision, p. 92). The defendant, Bowen, is theassignee of Clark and Demarest, the obligors in the bond, underthe Insolvent Debtors' act.The case shows that Clark and Demarest were members of theassociation, holding forty shares of stock therein, and that onAugust 4th, 1891, they agreed to borrow of the association $8,000,and to pay for obtaining such loan in advance of other membersa premium of $1,000. In pursuance of such agreement, the associationpaid to Clark and Demarest $7,000 in cash, and they gaveto the association the bond and assignment of stock and the mortgagein question. Subsequently they failed to pay the dues andinterest required by the condition of the bond, and after they hadbeen in default for six months this suit was brought for the recoveryof the balance of the $8,000 and interest, and of finesimposed by the association under its constitution and by-lawsfor non-payment of dues and interest.. (441)

442 STATISTICS OF LABOR AND INDUSTRIES.IN CHANCERY *That part of the contract which must be considered in decidingthe questions raised in this case is expressed substantially in thesewords: The obligors shall well and truly pay to the complainant$8,000, in the manner following: By the payment of dues oftwenty-five cents per week, on the first and third Tuesdays ofeach month, on each of the forty shares of the fifth series of thecapital stock of the association owned by the obligors, during theperiod of this loan, together with interest on §8,000, to be computedfrom the date hereof, at the rate of 0 per centum per annum,payable as follows :At the expiration of three months from the date hereof on thewhole principal sum, and at the expiration of each succeedingthree taonths, on the amount of the principal found to be due atthe beginning thereof, after deducting all previous paymentsmade on account of the principal, being the amount of dues paidon the forty shares during said three months, as provided for bythe constitution and by-laws of the association, which have beenduly assented to by the obligors, and made a part hereof.My conclusions on the questions raised are:1. The complainant has a right to collect reasonable fines fornon-payment of dues, Glarksville Loan Asso> v, Stephens, 11 0.E. G-r. 351. I doubt whether the fine originally imposed wasreasonable, but complainant has reduced it one-half. Such reduction,I think, makes it reasonable.2. The complainant has a right to recover fines for the nonpaymentof dues as part of the debt secured by its mortgage.The constitution and by-laws of the association are, by expresswords, made a part of the contract, so that the rights and obligationsof the parties, in this respect, stand, in point of law, preciselyas they would have stood if that part of the constitutiongiving power to impose fines had been incorporated in the bond.The bond in Union Building Loan Am, v. Masonic Hall, 2 Stew,389,391, provided that the obligor should pay interest, " togetherwith all fines that may have been incurred under the provisionsof the constitution," and Chancellor Ruuyon held that the fines•Van Fleet, V. 0., July 12th 1893.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 443constituted a part of the debt secured by the mortgage. As inthis case the constitution is made a part of the contract, the bondmuBt be read aa though it contained an express provision thatfines imposed for the non-payment of dueB should be considereda part of the mortgagor's debt.3. The case cited decides that fines incurred subsequently tothe commencement of the suit to foreclose are recoverable. Thatdecision is, in my judgment, clearly right, and it will be followedin this case. .4. I am unable to see how that provision of the constitutionwhich confers power to impose a fine for non-payment of interestcan be enforced in this case. This provision first declares that ashareholder, for neglecting to pay his weekly dues as they becomepayable, shall for each such neglect pay a fine of five cents oneach share of stock held by him, and then adds, " and a like sumon. interest due on each share borrowed on." The importantwords are " on interest due on each share." Under the contractno interest could become due on each, share or on the moneyloaned on each share. The obligors made no contract to pay intereston several distinct loans, or to pay interest on the specificsum loaned on each share of stock they held. On the contrary,their obligation, as expressed on their bond, is to pay interestevery three months, first on the whole sum of $8,000, and thensubsequently on such part thereof as shall Qot have been paid bythe payment of the dues on their stock. A fine can only be imposedfor a default in duty or obligation. As I understand theterms of the bond in this case, no default in the payment of interestof the kind contemplated by the constitution can occurunder this bond. The fines for non-payment of interest soughtto be recovered in this case must be disallowed, for the reasonthat under a contract like that which the obligors have made nopower to impose fines for non-payment of interest is conferredby the constitution.5. The obligors in this case bid ofi a loan of $8,000 at a premiumof $1,000. The complainant subsequently advanced$7,000 and took a mortgage for $8,000. Transacting the businessin this way, it is,claimed, made the mortgage usurious tothe extent of $1,000, or at least that no interest is recoverable on

444 STATISTICS OF LABOR AND INDUSTRIES.the $1,000 agreed to as a premium. I understand the law ofthis State to be firmly settled the other way. The statuteexpressly authorizes all corporations like the complainant to takea premium for priority of loan, and declares that no premium sotaken shall be deemed to be usurious. Jtev. Sup. 70. I nMechanics Loan Asso. v. Conover, 1 McCar. 219, it appeared thata loan of $2,000 was sold for a premium of ten per centum.$1,800 was advanced in cash, and a mortgage given for $2,000.Chancellor Green held the transaction to be valid, and gave thecomplainant a decree for $2,000 with all arrearages of interest.This case, on this point, was approved, on appeal, by the Courtof Errors and Appeals in Herbert v. Mechanics 7 Loin Asso. y 2 0.E. Gr. 497, 504, and was followed by this Court in People's LoanAsso. v, Furey, 2 Dick. 410. Mortgages given for the premium,as well as the money actually advanced, were held to be valid byChancellor Williamson in Savings Asso. v. Vandervere, 8 Stock.382, and by Chancellor Runyon in Freehold Loan Asso. v. Jtrown,2 Stew, 121. These cases settle the question, attempted to beraised, finally, so far as this court is concerned. The $1,000agreed to be paid as a premium constitutes a part of the debtsecured by the complainants' mortgage, and carries interest fromthe date of the mortgage.6. The remaining question is, Is the complainant entitled torecover interest on such part of the money aecured by the mortgageas was not passed over to the mortgagors at or before thedelivery of the mortgage, and as was not retained by the mortgageein hand idle ? To illustrate: The mortgage was deliveredSeptember 3d, 1891; $1,015 of the $8,000 was not passed over tothe mortgagors until January 5th, 1892, more than four monthsafter the delivery of the mortgage; in the meantime, the $1,015was not in the treasury of the complainant, nor anywhere else.As between the parties during this interval, it had no existence,Neither had it. I know of no principle of law or of justicewhich will allow interest to be recovered under such a state oifacts. To allow it to be recovered we would have to treat a thingas a fact which we know to be a fiction and not a fact. On the$7,000, interest will only be allowed from the time it was actuallypassed over.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 445COUftT OF ERRORS AND APPEALS.*The first objection made by the appellant to the decree belowis that interest was allowed to the complainant on the sum of$8,UOO, the appellant insisting that, as only $7,000 were advancedin cash, interest should be reckoned only on that principle.The answer to this contention is that in effect of the sum of$8,000 was paid to the obligors, and their contract calls forinterest on that sum. Their agreement with the association wasto borrow $8,000 and to pay therefor a premium of $1,000. Byforce of the statute the agreement to pay a premium was madelegal. Franklin Building Asso. v. Marsh, 5 Dutch. 225 5 FreeholdMutual Loan Asso. v. Brown, 2 Stew. Eq. 121. If, in exact performanceof its agreement the association had paid $8,000 to theobligors and had received therefor the present bond, no questioncould have been raised as to the propriety of the stipulation forinterest on the $8,000, but the obligors would besides have owedthe association the premium of $1,000, and this debt they mustat once have discharged by paying that sum to the association.Such a payment would not have aftected the obligations of theirbond, and would have left only $7,000 in their hands. The paymentby the association of $7,000 cash, and its release of theborrowers from the duty of paying the premium, were an equivalentfor the exact performance of their mutual obligations, andtke validity of the stipulation in the bond for payment of intereston the $8,000 is not impaired by such a change in the mere formof the transaction. Mechanics 9 B. £ L. Asso. v. Conover, 1McCart. 219; 8. C. on appeal, 2 C. E. Gr. 497, 504.Counsel for the defendant refers us to cases in other jurisdictions,where it has been held that what is described as interestupon the premium cannot be collected. But we think it clearthat when the -statute gives the parties a right to agree upon apremium for a loan without restriction, they have a right toagree that the-premium shall consist of a sum payable presentlyout of the amount loaned, or of a sum payable in the future, withinterest meanwhile, or without interest, and that it is for thecourt simply to give effect to their agreement. In the case now*J3owen v. Lincoln Association, opinion by Dixon, J., Nov. Term, 1893. (6 Dick. 272.)

446 STATISTICS OF LABOH AND INDUSTRIES.before us, the contemporaneous acts of the parties prove that thepremium agreed upon was the difference between $7,000advanced at once by the association and the sums clue from theobligors under their bond. That premium can be secured to theassociation only by enforcing the bond according to its terms,This objection cannot prevail.The next objection is to the allowance of fines as a part of themortgage debt.It is not necessary for us to consider whether the associationcan lawfully impose fines upon its members for non-payment o*dues or interest. Assuming that it may, we are to decide whethersuch fines constitute a part of the debt secured by the mortgage;and that must be determined by the agreement of the parties.On recurring to the bond it will be seen that it provides for thepayment of only dues and interest, or, in default thereof, of principaland interest. Similarly the assignment of stock was made" as collateral security for the payment of the debt mentioned inthe bond," and required the proceeds of sale to bo applied to the" payment of said loan." And although tlria assignment madethe non-payment of fines one of the grounds for Belling the stock,it pledged the stock only for the purpose above stated. It isplain that neither of these instruments provides for the paymentof fines in express terms.But it is claimed that such a provision is implied in that clauseof the bond which refers to the constitution and by-laws of theassociation as being assented to by the obligors and made part ofthe bond. A like clause appears in the mortgage.If the constitution and by-laws declared that fines should becollected out of the proceeds of aale of property pledged to securea loan made to the member in default, then perhaps this clausewould justify the decree now before us* But they do not. Thefirst section, under the title " Flues," merely provides that shareholdersshall pay fines for defaults. The second section, underthe title " Transfer," declares that no share shall be transferreduntil the transferee shall have assumed all the obligations of theoriginal shareholder. If this includes fines previously imposedit shows that they are not to be paid out of the proceeds of saleof stock, but are to remain as merely personal debts of the shareholder.There can be found in the constitution and by-laws

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 447nothing evincing an intention to make fines a lien, either on stockor on property mortgaged for loans. This reference in the bondand mortgage to the constitution and by-laws when read with itscontext can be fairly interpreted only as applying to the mode inwhich the principal of the bond is to be satisfied by the paymentof dues. Such is its apparent, meaning, and it cannot be extendedfurther by construction without holding that it embraces everypossible duty of the obligors as members of the association. Sobroad a construction is unwarranted.We think there is nothing in the contract under which the, payment of fines can be enforced in the present suit. In thisrespect the case resembles ClarhsvilleB. $ L. Asso.v. Stephens, 11C. E. GT. 351, 354. . *The decree below should be modified by eliminating from itthe amount allowed for fines.

APPENDIX III.Building and Loan Association League*PBBMIUM PLANS *la the consideration of any subject I think it is advisable tostate at the opening the point of view from which the subject isregarded, and to specify, as briefly as may be, the underlyingprinciples which we are to follow.In considering premium plans for building and loan asBocia-itions of the State of New Jersey, I assume that the associationswhose representatives I am addresesing all desire to work in thespirit as well as the letter of the laws from which we derive ourprotection and our authority to do business. All of these laws,supplements and amendments, constantly refer to these associationsas mutual or cooperative societies, and it is from a mutualor cooperative standpoint that I wish to discuss these premiumplans. The past Legislatures have been almost too liberal in encouragingthis class of mutual work, being, apparently, veryanxious to help those who help themselves by helping others tohelp themselves.I have no reference to those private concerns largely advertisedas loan associations, or as societies based on building and loanideas, who come in under the too liberal features of the laws, butwhich consist usually of but one or two active persons as managers,with enough dummies to comply with legal requirements,and who organize solely as a money-making scheme for theirown personal benefit. Nor have I any reference to the so-called* Paper by Alex. Christie, of the Bayonne Building Association, read at the annual meetingof the State League, Trenton, January, 1804.30 (449)

1450 STATISTICS OF LABOR AND INDUSTKIES.national associations, most of which, in my opinion, are worsethan the private concerns, being organized mainly to secure comfortablesalaries for the organizers and managers at the expenseofothers and without risking any money of their own. Withsuch organizations this League has nothing to do but to aid in.their suppression.Our associations are organised for two purposes; First, tohelp the investor to help himself by saving Bmall sums until theyamount to a respectable amount; and, second, to help the borrowerto get that home of his own which he probably wouldnever get in any other way* These two parties coming together,,having a mutual interest, agree to help each other, and I holdthat these interests should continue to be mutual while the connectionof interest in the association lasts.The investor, who can withdraw at almost any time, is entitledto as much safety in the loaning of the funds as the ability of thedirectors can secure for him, and to a fair interest for his money.The borrpwer, who pays all the expenses and all the profit, is entitledto as liberal consideration as it is possible to give himcoupled with absolute security and a fair profit on the moneyloaned him. If the borrower is compelled by the plan of theassociation to pay too high a rate or to carry too heavy a monthlypayment—a payment that must be met at all times, in dull tradeor in good, in work or out of it, in sickness or other disaster—theassociation ie not doing a safe business, though for the time itmay appear to be doing a profitable one, and it certainly is notdoing a mutual business.Who are your borrowers at high premiums? Certainly notthe clear-headed, careful, calculating man, who counts the coatand readily determines that the venture m not worth the cost, orwho gets his money outside the association, though he quietlyremains as an investor. If all did that (m so immy are doing),where would be the life and profit in your association ?The larger number of your borrowers who agree to pay highpremiums are just those people who cannot help themselves unaided,who frequently cannot couut the cost, but, buoyed up bywhat they hear and their own honest purpose, hope that it willbe all right. If they keep their health and get their income orwages steadily, they will probably pull through; but I have .

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 551known quite a number who became discouraged under the load,got reckless and let go, requiring very great watchfulness andcare upon the part of the directors that they did not involve theassociation in a loss, through unpaid taxes, assessments anddeterioration of the property before title could be procured.I hold, then, first, that the association should be mutual, thatis,, BO planned that all shareholders, investors and borrowersshould share alike in the profits.Second, that the investor should get a fair return for his money,combined with safety or good security and liberal treatment, withprompt payment upon his withdrawal.Third, the borrower should be, treated with all the liberalitypossible, coupled with the requirement of undoubted security,though the margin at first may be small, as every month's paymentmakes it safer.Fourth, the directors, who give valuable time and experiencegratuitously, should, while giving their earnest, careful attention .to all the interests of the association, not have unnecessary laborin watching the security or property of borrowers, nor in auditingsystems of accounts which are complicated.Based on these four principles, the first of which distinguishesthe true building and loan association from all private or nationalimitators, what should be the premium plan of the association ?There are many features of premium plans in use, but I thinkthat they can all be reduced to two plans which embody the perhapsconflicting ideas of the organizers and the main pointB ofall. First, there is what I call the Gross Premium Plan. Second,we have what \ shall term the Monthly Installment Plan.By the gross premium plan, I mean that plan by which theborrower bids a certain percentage upon the amount he is toborrow, and which percentage is either deducted in cash at onceor the amount is added to the loan and is repaid in, say, 12ft.monthly payments.The Bureau of Statistics of Labor informs us that the gross*premium plan is used by the greater number of the associations*in this State.It is profitable, but it is not just, and hence is not mutual,I do not know how many of the associations continue the planof deducting this gross premium in cash, but I do know that by

452 STATISTICS OF LABOR AND INDUSTKIES.1it the borrower is very often seriously embarrassed by this deduction;he cannot calculate with any certainty how much moneyhe will get until after he has bought the money, and then probablyfinds that he has too little, and, unreasonable though it be,he will blame the association for getting him into this unpleasantposition. That last one hundred dollars is the very hardestto get, and it is not unlikely that he and his friends may notspeak highly of building and loan association schemes. It j$unjust, because he is required to pay interest upon an amountwhich he does not receive, so that besides the actual loss of premiumhe is actually paying from 6$ to 8| per cent, annualinterest on the cash received, though he was of the opinion thathe had only 6 per cent to pay. From experiences of this kind Ihave known many would-be borrowers to refuse to borrow *fromtheir association, and, indeed, to condemn all building and loanassociations, and to turn to private capitalists who would sellthem the lot and build the house for them and charge themactually smaller monthly payments for the period of ten yearsthan their friends were paying in their so-called mutual association.Then, by this plan, there is great difficulty in keeping the.accounts of the association. We have earned and unearnedpremiums, transfers when the loan is repaid, &c, and, when theassociation is serial, the trouble is increased, and there is sure tobe uncertainty, if not confusion, in the minds of the directorswhether all these figures and calculations are correct I haveseen a good many annual reports that I am quite sure no one butan expert accountant could have stated positively that they werecorrect. Many of them, I know, are arrived at in a purelyarbitrary manner, which may or may not be just to the borrower,but is always sure to be for the benefit of the investor or for theassociation, as it is said; as though the borrower were not a verynecessary part of the association! Of course the secretarybelieves that all of his calculations are quite correct; nay, he mayeven be quite positive of it, but the secretary, though absolutelyhonest and careful, is only human, and is liable to make a mistake.Then, who can correct it ? I insist that at least the auditingdirectors shall knor that the accounts are right and shallBOcertify. But it i& not to be expected that they are all experts, or

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 453that they are going to give the necessary time to examine into acomplicated system for the division of profits when a muchsimpler one can be had.If the other system, that of adding the amount of the agreeduponpremium to the mortgage, is adopted, and the total of loan,premium and interest is divided into 120 monthly payments, agreat deal of this complication in accounts is done away with, asthis plan then virtually becomes the monthly installment plan;but this system usually carries with it the closing out of theborrower as a Bharer in the profits, and this feature I condemnas being entirely contrary to the mutual spirit of the association.I have assumed thus far that in both of these features of thegross premium plan, in case of a repayment of the loan beforematurity, the unearned portion of the premium is credited onthe payment; but it has been the case, and may be yet, when nopart of the premium was returned, no matter for how short atime the loan had run.This simply makes the plan all the more unjust, objectionableand almost indefensible in a mutual association.Opposed to thiB perhaps profitable but burdensome, unjust andtroublesome plan, we have the other, the Monthly PremiumPlan, by which the borrower knows at the outset juBthow much money he is to receive, makes his plans accordingly,and takes his loan with confidence, knowing that whether heremains to the end of the serial period or pays oft his loan beforematurity, he has not paid for more than he has received. It isthe sound business principle to pay as you go and stop payingwhen you get through, which is good for a loan as for any otherbusiness transaction.The accounts can be simplicity itself; every dollar received isearned (except, of course, advance payments), and can be chargedat once to the proper account and series where any director cansee, understand and prove it when necessary.ALthough under this plan the profits may not at first appear tobe so large, they are quite as large as is good for the permanentbenefit of the association and large enough to attract all the investingcapital needed.Indeed, this constant monthly income from the premium account,through bad times as well as good, during seasons when

454 STATISTICS OF LABOR AND INDUSTRIES.very few, if any, loans are being made, as well as when money isin active demand, gives a satisfactory and healthy income thatkeeps alive the interest of all in the association. The day ofvery large profits in building and loan associations has gone.The competition of private corporations to lend money securely;of private capitalists to sell suburban lots and to build housesthereon, and among the building and loan asssociationa themselves,has enligtened the borrower to the extent that he nolonger can be made to carry the great burden of profit to the investorthat was done in the early history of these associations.The true cooperative spirit shown by the newer methods willbring business enough for all, and at a higher rate of profit combinedwith easier terms and conditions than the investor canobtain elsewhere.I cannot too strongly condemn the policy of closing out borrowersas shareholders and debarring them from their share ofthe profits. Some of the associations which enfore this idea havealready bad to dispense with all premium and reduce their rateof interest to 5 per cent., which is equivalent to giving their borrowersa share of the anticipated profits. It is, in my judgment,better to keep them as shareholders and let them take theirchances like the rest.Another feature of premium plans should be that the moneyoffered for sale should be offered entirely without any limit orreserved price; and the price obtained at the sale should beheld as the established price for that meeting; that is, moneyshould not be put up a second or third time the same eveningwith the chance of its going lower with each succeeding sale.If the price is considered too low by the directors, who mayhave a more profitable use for the money in the payment ofpending withdrawals; or if they have reason to believe thatthere is a tacit agreement among would-be borrowers not to bid,and thus keep the premium down, it is the duty of the directorsto stop the further sale of money for that evening, always providedthat they have a use for the actual cash on hand; anddirectors should have the power to sell money ahead of theirincome or to withdraw the sale at any time when, in their judgment,,the best interest of the association will be served thereby.

CO-OPORATINE BUILDING AND LOAN ASSOCIATIONS. 455One more subject I wish to touch upon, though it does notcome properly within the scope of my subject, but is connectedwith the well-being and success of building and loan associations,and that is the matter of frequent auditing of accounts.Once a year is not often, enough for even a small association.Tour memory cannot hold the details of loans, refunds, transfers,•division of profits, &c,, so long; and if an error occurs who ia tocorrect it ?I have no word to insinuate against your secretary, but mistakesoccur, and you can remedy them by auditing the statementit is yet fresh in your memory. In large serial associationsthe accounts should be audited every month. How any directorcan audit the books of an association running ten to twelve activeseries, loaning money on the gross premium plan, once a year I••cannot understand. If you have any business and wish it to attainits highest possible success, you must keep in touch with its everydetail and not be content with getting your information in regardto ifc at Becond-hand, no matter how able and trustworthy yourassistant may be. We have found in our association that it i8advantageous to publish a monthly statement, as it gives a knowledgeand confidence, besides a publicity to our affairs whichattracts and holds our shareholders.The ideas I have presented to you are not those of a theoreticalexpert, but those of a plain worker who has had fourteen years'-experience in building and loan associations in Bayonne, most ofthat time as a director, and are the result of the education thusgained.APPORTIONMENT OP PROFITS IN BUILDINGASSOCIATIONS*For years I have contended that the bookkeeping of building.associations should be grounded upon the same general principleas that of any commercial business. There will, of course, bemodifications in method, but that which would be radically wrongin commercial business must be equally wrong in building associations.This contention of mine has been so violently opposedin Philadelphia that I have rarely had an opportunity of clearlygetting forth my reasons, and it was with great pleasure I accepted* By Prof. James Warrington, Philadelphia. ' •'•

456 STATISTICS OF LABOR AND INDUSTRIES.the invitation of your president to say a few words on one branchoi this Bubjeet before you to-day.That the subject allotted to me is of vast importance I thinkno one will deny. As a matter of fact building associations havebeen ruined by improper methods of apportionment of profits.'Most of the methods in current use are extremely intricate, someare inequitable, and some entirely opposed to sound sense andgood arithmetic. Yet close at hand, but unregarded, there is anold rule of arithmetic, simple in operation, exact and equitablein application, and taking but little time to work out, which willperfectly and easily solve the problem. It is this old rule, andnot a new-fangled theory of my own, to which I propose directingyour attention.You will easily understand that before any rule can be appliedthe ground must be prepared. Only when a clear comprehension,and arrangement of the facts is obtained can a rule be properlyand successfully uaed; yet I do not generally find such a clearcomprehension of facts preceding the co-ordination of those facts;and in my opinion herein lies most of the mathematical troubles.of building associations.I am constantly told by building association officers that theirbusiness is BO different from mercantile business that rules whichapply to the one are impracticable for the other. This I totallydeny; and a little care in considering the facts will, I think, convinceyou that I am entirely right. In a mercantile business thecapital is invested in goods which are sold for profit, and afterdeducting expenses and losses the net profits arc divided amongthe partners in a previously-agreed proportion. If a partnerwishes to withdraw, or a new one desires to be admitted, thebooks are closed, losses deducted, and profits distributed, so thatthe withdrawing partner bears his share of the losses, or the newone is excluded from participation in the previously-made profits.Now, if you substitute the word " money " for the word " goods,"'you have an exact description of a building association. We maywithout disadvantage follow the comparison further. In a mercantilebusiness the capital is shown by au account which isopened for each partner. To this account is accredited his originalcapital, with any additions thereto, and its accretions by interestand profits; and it is charged with all withdrawals, the balance-

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 457being the actual capital invested. This account is balanced andclosed, not only at the end of every fiscal period, but previous to anychange in the personnel of the partnership. If this account werealways left open in the manner which the equivalent account inbuilding associations iB, a business man would never know howhe stood. Again, a business man desires to know his profits forevery fiscal period, so that he may make comparisons; but howis he to do this ualeBB the profit and loss account for each fiscalperiod is kept separate ?If, therefore, I am right in my contention, and I think.youwill admit I am, we ought to have before us certain facts, carefullyand clearly arranged, before a division of profits is attempted.1st.. An account which will show the capital of each member,so that there can be no doubt as to the amount which is to sharein the profits.2d. An account which will show the profits of each fiscal perioddistinct and separate from each other.So far as the first is concerned every building association hassuchan account. A formal one exactly like that used in mercantilebusiness would take too much time and be far too cumbersome,and, besides, is unnecessary, as every association gives toits members at least once a year, in its published statement, thevalue of each share, and in this respect the statement is as gooda piece of bookkeeping, as if a formal ledger account were openedto each member. It is strange that with so simple and clear astatement of the items of which the aggregate capital is composed,there should be so much difficulty among writers on buildingassociation matters in ascertaining the capital to which theprofit is to be distributed. The capital actually invested is thedues plus the accretions. Even Dexter states the capital to bethe balance shown at the beginning of the year, forgetting thatwithdrawing members withdrew their capital as well as theirshare of the profits. The desideratum, therefore, is an intelligiblestatement of profit bearing capital. How to get this I willmake clear when I come to the exemplications of my suggestedplan. The real and most troublesome difficulties are connectedwith this latter point and the failure to observe the second propositionnamed above. In other words, there should be no redistri-

458 STATISTICS OF LABOR AND INDUSTRIES.bution of profits, each year's profits standing by itself as in anyordinary business. You will, of course, tell me that unless therebe this constant redistribution, year by year, the losses will sometimesfall heavily on tbe newer series to the advantage of theolder series, and • that such a method would be unjust to theyounger series. To this I reply that there is no business withoutrisk, and that building associations are more than mere partnershiporganizations; they are in reality pooling operations. Practicallythe money of one series is used to make money for theothers, and as this operation is constantly changing so that aseries which this month has no money to lend may next monthhave plenty, there is no real injustice done ; and, in fact, if youeliminate the pooling method you will very much contract theusefulness and also the profitableness of building associations,As I wish to make myself perfectly clear I will repeat what I maydesignate the terms of the problem.1st. Find the amount of capital which has been in use duringthe fiscal period.2d. Find the profit which this capital has realized during thesame fiscal period.Instead of abstruse calculations to find powers or any otherunknown quantity, you will simply do what any ordinary businessman does under similar circumstances, look at your capitalaccount to see how much you had invested at the beginning ofthe year. This in your case will of course be the dues, plus thegains to that period, and can be found without much arithmeticalwork. As an example is always better than a mere statement, Iwill take the case of an association which on the 81st of December,1892, balanced its books and distributed the profit madewith the following results:Series123456789Shares73786431481173378672407Paid in$108.0096.0084,0072.0060,0048.0036.00210012.00Value$154,51131.66110 6190.9372,9055.9540.5325.8912.47

OO-OPEEATIVB BUILDING AND LOAN ASSOCIATIONS. 459and undivided profits amounting to $150.67. During the year1893 series No. 10 was started, and shares as follows were withdrawnand cancelled:3d series, 6 shares cancelled; 4th series, 20 shares; 7th series,75 shares; 8th series, 50 shares; 9th series, 92 shares; so thatat the close of the year 1893 the sharea to participate in profits,or, in other words, the capital invested can easily be found byadding the dues for the current year to the shares remaining andmultiplying the amount by the number of shares as follows:riea12345678910Shares• ' 73:• 78589481373303522315350Value of Share$196.51143.66122.51102.9384.9067.9552.3537.8924.4712 00Value of SerieB$12.1552311205.887,105 589,675.426,876 9011,755.3515,862.0519,777 587,708 054,200.00Total 1 profit-sbairing capital$106,321.64I think you will agree with me that the above figures give theactual capital absolutely and beyond question. Yet you see thereis no finding of powers or even equatation of payments. Thereis no additional bookkeeping and the method needs no morearithmetic than any officer, however poorly educated, possesses.Having settled the method of arriving at the capital, the nextstep will be to find the actual profit made during the .year. Indoing this we must not lose sight of the fact that those who withdrewduring the year drew their share of the profits last declared,and probably their share of this year ; s earnings. - So that whilethe first named must be charged up against last year, the lattermust go against this year. We muBt therefore post up profit andloss, crediting it with undivided profits of last year, interest onloans, interest on deposits, entrance fees, fineB, premiums, rentsand any other receipts of a like nature; and debiting it withsalaries, expenses, interest on withdrawals accruing during thecurrent year, losses actually made during the year. . :

460 STATISTICS OF LABOR AND INDUSTRIES.Before proceeding further allow me to anticipate an objectionwhich is both plausible and, if a true objection, reasonable. Youwill notice that I bring into the current year the undivided profitof the preceding year instead of letting it stand and accumulateas in mercantile business. This is done purposely, as such areservation, while properly undisturbed in an ordinary business.,would seriously wrong all but the last series in a building associationif allowed to stand and accumulate. To return to theexample. Profit and loss when posted as explained above, andbalanced, shows a net gain for the year of $6,756.85. Beforedistributing this profit a careful estimate should be made of theassets and the probability of any lose occurring during the incomingyear ascertained. Sufficient for this should be deductedbefore distribution. "We will suppose that the examination suggestedshows that five per cent, of the profits would in all probabilitycover this contingency. This would leave $6,437.89 to bedivided among the members. To do this we only need the oldrule of three formula.As the total capital of the association is to the capital of aseries, so is the total profit to the profit of that series.Then the division of the profit belonging to any one series bythe number of shares in that series will give the value of ashare. In working out the problem time and trouble may besaved without any appreciable loss to any one by leaving out thecents. The full working would in the example I have cited beas follows;106,321 is to 12,155 as 6,487 is to profit of series.6,437106,321 j _$735^ ° (r profit for first series.73 ) 735,90$10.08 profit for each share.The gain for each seriea may be found either by working outeach one as above or by finding the fraction. Personally, I preferthe plan of working out each series independently, for thereason that a mistake in a calculation will then disclose itself.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 461There will, of course, be a small fraction left undivided. This isadded to the amount deducted for probable losses and the twosums make the total of undivided profit which will be broughtinto next year's profit and loss account.By the adoption of this method of apportioning profits muchwill be gained in every way. Its extreme simplicity muststrongly recommend it to all who are interested in building associations;and if you take this into careful consideration and likewisenote with what ease an error in calculation can be discovered; how absolutely equitable its distribution of profits IB ;how little of technical bookkeeping there is in its operation, youwill, I feel sure, heartily agree with me that in this method ofapportioning the profits of a building association there is foundin a higher degree than in any other method that ease in workingand accuracy in result which should always be aimed at.'DEFECTS OP BUILDING- AND LOAN ASSOCIATIONS*Michael Angelo was examining a stone by the roadside, andupon being asked by some one passing, " What are you going todo with that?" replied, " There's an angel in this stone, and I'm.going to get it out." • There is an angel in building and loanassociations, and we are here to get it out.We are still upon the rough outside of the stone. There isyet a good deal of sharp chiseling and skillful carving to do.There are jagged corners and ugly projections to lop off, whicha blind man can feel; and he keeps running up against them•every day, and getting hurt, instead of cutting them away. Butas long as we advance, and keep within the well defined andparallel lines of logical conclusions and mathematical certainties,we need not fear to keep chiseling away.But the remedy for the " legal defects " of our present buildingand loan system requires a rush—a regular Princeton foot-ballruah—to win. We are in radical danger. We need circumspectalertness. Nothing but most liberal construction, in law andequity, by our learned judiciary, has saved the whole structurefrom ruin. Notwithstanding this broad liberality, so broad some-* William B. Smith, of the Washington Township Building and Loan Association, ParkBidge. *

462 STATISTICS OF LABOR AND INDUSTRIES.times as to appear almost logically partial to the associations, wehave more than once come out of litigation with such ugly scarsthat legislation cannot efface them. We must fall back andlegislate over again.Immediate and specific remedial amendments are suggested toour existing building and loan statutes because their presentgauge is too broad. They should define— ,When interest begins; what premium is; limit fines, andcircumscribe speculation.Interest, Vice-Chancellor Van.Fleet says, in the case of theLincoln Loan Association v. Bowen and otters,, should begin and runagainst a loan, on, at and of the time of every actual paymentthereof to the borrower, and not otherwise. This is right, per se >for borrower and lender alike.Premiums now constitute the most slippery ground upon whichany part of our structure stands. Every association in the State,I believe, has been playing with high premiums, like childrenplaying with fire, and leaning meantime over this brink—doublytempting fate. Premium is a consideration for priority of loan,and should be bid as a price for month per share loan, payablet monthly. Thus the borrower pays for what he uses and whilehe uses it—the loan; no more, no longer; and may repay theloan at any time, without discount or loss. If the considerationfor priority be paid in advance or in gross, by being deductedfrom or added to the real sum of a loan, the borrower is robbedof his interest on a fictitious sum which he never receives. Thereare no fictions in figures. More than this, limit this considerationof price, by fixing it upon each share of, say $200, at notless than twenty-five cents nor more than one dollar per month.Fines are danger signals to borrowers and lenders alike,Vice-Chancellor Van Fleet says, in the opinion before cited:"The complainant has a right to collect a reasonable fine, Idoubt whether the fine originally imposed was reasonable, butcomplainant has reduced it one-half. Such reduction I thinkmakes it reasonable/' He says: u I doubt if the fine originallyimposed was reasonable." But they returned one-half, and thatmade it "reasonable." I doubt if the learned Chancellor wouldwrite that opinion or use that logic over again.

CO-OPERATIVE BUILDUP AND LOAN ASSOCIATIONS. 463, Now, if we are goicg to retain this side-track of fines^ we hadbetter lock the switch and throw away the key. "We might"reaaon" over this open switch one minute too long some day.A statute should make it " not to exceed two per centum on eachdollar in arrears." • It is now generally 120 per cent., sometimes.420 per centum!Speculation should be circumscribed. Associations should belimited, in purchasing real estate, to that upon which they mayhave mortgages, judgments, liens or other encumbrances, or inwhich they may have interests; should not be allowed to borrowto an amount in excess of one-fourth of their securely-investedcapital; should be allowed to lend to each other; should not betaxable under any law which exempts savings institutions ; accumulationsupon shares in local associations, to the amount of$1,000, should be exempt from seizure for debt, and foreign associations,under whatever name or guise, should be absolutelyprohibited.I would also suggest that the act entitled "A supplement to anact to secure to mechanics and others," etc., approved June 19th,1890, be amended to the effect of inserting on page 480, Laws of1890, line 15, between the words "thereof" and "and," thewords " or their heirs or assigns," and add to the penal, sectionas follows; "And if anyone procure or tender, or knowinglyjoin in making or tendering any such release by, with or throughmisrepresentation or fraud, his claim to the liability of such landsand buildings or lien thereon, and his rights hereuncler shall immediatelythereupon cease and be void, whether the contractshall have been filed in the county clerk's office or not."The first revision is to meet an often recurring contingency ofremoval, absence, sickness or death prior to and upon pay day.The addition to the penal section is to prevent the contractorfrom obtaining the signature and release of a mechanic or journeymanby promises, therewith collecting money from the ownerand withholding it from the mechanic or journeyman. Thepenalty of prosecution for perjury in the statute as it now standsis practically a dead letter. It is believed that the penalty proposedwill cut the tap root of the evil involved, more thoroughlyprotect the mechanic and laborer, mortgagee' and owner, andcompel a faithful compliance with the law, or induce a repeal of

464 STATISTICS OF LABOR AND INDUSTRIES.the whole statute. It is now a detriment to young and a temptationto unscrupulous contractors, a snare to unwary workmenand a menace to building association securities.I submit the following draft of a bill for your approval, andtrust that this or some similar bill will be persistently urged byour Legislative Committee until it shall, if possible, become alaw:An Act to introduce and to require the teaching of building andloan mathematics into the public schools of JSTew Jersey.1. BJE IT ENACTED, by the Senate and General Assembly of the Stateof New Jersey, That, all practical and higher arithmetics, and allarithmetics of corresponding grade thereto, hereafter used in thepublic schools of this State, shall contain a concise but comprehensiveayBtem or expoaition for aimpYiiying and teaching theelements of building and loan mathematics, as used and practicedgenerally in building and loan associations in this State, and thesame shall be taught in said schools correspondingly as otherparts of said arithmetics are taught; provided, that such systemsor expositions so introduced and taught, shall be first approvedand adopted in writing by the State Superintendent of PublicInstruction, the Superintendent of the Bureau of Labor Statistics,and the President of the Building and Loan Association Leagueof New Jersey, or a majority thereof.2. And be it enacted, This act shall take effect on and after thefirst day of September, 1894./ Twenty years after the passage of this act our successors will.not be here—as we are to-day—pounding each other about whatthey don't know.DEFECTS OF BUILDING- AND LOAN ASSOCIATIONS*"What is the ideal building association ? We may differ regardingmethods of working, or concerning the details of management,but we all agree as to the principles which should underliethe organization. In the ideal association every shareholder, be* J. L. Jaraiaon, Secretary of People 1 ! Building and ho&n Atmociation, Mount Holly.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS* 465his holdings large or small, be he investor only or borrower also,be he successful or unsuccessful as the world counts success, istreated with equal justice, and is afforded equal opportunity toenjoy the benefits of co-operation. This is the foundation onwhich building associations rest. The ideal association is mutualin the full sense of the word. Every member participates in theprofits, shares the losses, and contributes towards the expenses,in exact proportion to his interest in the association.la what respects do our associations in their plan fall short ofthis ideal ? The defectB of management greatly limit the usefulnessof many associations, but it seems to me that the fundamentaldefect of our building associations is found in their unfairtreatment of borrowing members, in exacting, varying and oftenexcessive premiums. These premiums, it is true, are an importantsource of profit to the association; but are not the profitsof most of our associations too great?A borrower with fair real estate security can usually negotiatea loan at 6 per cent, interest—frequently at 5 per cent. A borrowerin a building association not only furnishes real estatesecurity, but adds to the security the amount of his dues eachmonth. Why should he pay a higher rate of interest in orderthat investing shareholders may receive what would be consideredoutside of building associations usury ? Is any asociation whichreports ten, twelve or fifteen per cent, profits a year, dealingjustly with this class of its members ? For the association beingmutual and having no outside source of income, it follows thatthe net earnings must always, be less than the interest actuallypaid by the borrowers, the difierence representing the expensesof the organization.Are we not all taking undue advantage of the necessities ofour borrowers, or deluding them with the fallacy that excessivepremiums, by hastening the maturity of their stock, are notdisadvantageous?II the association has only a small profit from withdrawals, as.it should have; enough premiums to help defray the expenses ofmanagement, and to provide for possible losses—that is, to insurethe loans—might equitably be charged to every borrower in additionto legal interest; but the premium should be uniform inamount to all borrowers at the same time, and should be rarely31

466 STATISTICS OF LABOR AND INDUSTRIES.if ever changed. It would not be difficult to devise a satisfactoryplan for determining the order in which loans should be perfeeted,which was the original reason for having fluctuatingpremiums. In this respect the so-called 4< national" associationsarc in advance of most of us, as it can at least be said of themthat they treat all their borrowers alike.Closely allied in spirit to the practice regarding premiums arethe rules in force in most associations regarding fines. Fewassociations charge less than ten per cent, for failure to makepayment at the required time, and in many associations this fineis repeated every month. Some penalty is undoubtedly neededfor careless or shiftless members, but it can hardly be claimedthat it is necessary to charge a rate which can be compared onlywith that, of the pawnbrokers. The system results frequently inthe withdrawal of non-borrowing members, with limitedresources, who are temporarily unable to continue their payxnents—aloss which oifaets much of the profits supposed toaccrue from fines. But proof of their profitableness is no argumentfor their existence where they are unjust and oppressive.It may be thought that a building association with small finesand but little income from premiums will not be attractive toinvestors. But it is not proposed to reduce the income of theaBsociation below the legal rate of interest, which is as much ascan be secured from any safe investment, And even now comparativelyfew wealthy men are found among our members, A.lower rate of interest on loans, with a more just penalty forlapses, would attract to our ranks thousands of men who are nowkept away by the unfortunate experience of other**, or who havingmade the attempt themselves were unable under existingconditions to continue to the end.A building association is more than a bank or a soulless corporation.With all its defects no other financial institution hasgiven the poor man such a chance. While many modificationsto the general plan may be suggested and many improvementsin detail are undoubtedly possible, none surely would add moreto the uselulness of the associations than such, as would jmakethem conform more closely to the spirit of the Golden Kule,

Co-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 467DEFECTS OF BUILDING AND LOAN ASSOCIATIONS.*The primary defect, in my judgment, the one from whichalmost all the others spring, is a too rigid economy, an economythat very greatly interferes with the efficiency of the management.It begets a divided responsibility,' each endeavoring to shift thelabor on to his colleague, and the result is a great many losses.Building and loan associations are great institutions, capable ofdoing a great amount of good and are actually accomplishingwonders, all this notwithstanding their indifferent management. *Just think of how much they would accomplish if well managed!I.know of a great many associations with assets amounting toupwards of $200,000, with monthly receipts aggregating about$6,000—this to be promptly and Bafely invested—being managedat a total expense of $700 per year. This amount covers the salariesof the president, secretary and treasurer, the rent of theoffice and hall, the stationery, printing and postage—in a word,the entire expenditure for management.Men may, and do, engage to do work for almost nothing, butmy experience in nearly all such cases thafc have come under mynotice, is that they do not do it well, they do not give such businessanything like the thought and care that they give their ownor business that they are paid properly for attending to.The president of an association is supposed to have a knowledgeof its affairs and to be responsible for its well being, yet themajority of them do not receive any compensation, a few get $50or $100 per year. No man capable of being the bead of a moneyedinstitution, with assets of a quarter of a million dollars, can orwill give it the time and attention its various affairs demand' forauy such recompense. He may be faithful in his attendance atthe monthly meetings, but if so, that is about the extent of his,attention. This is all wrong.Now take the case of the secretary. This officer should bethegeneral manager of the association, should be directly responsiblefor the prompt and safe investing of the monthly receipts^should carefully examine every property offered before its refer-• John J. Burleigh, Secretary of the Economy Building and Loan Association, Oamden.

468 STATISTICS OF LABOR AND INDUSTRIES.ence to the loaning committee, and in a word give the associationbusiness that same intelligent care that the executive officersof all other equally important corporations give. If he weresomething more than a mere bookkeeper there would be lesslosses; but he is only paid an annual salary, ranging from $300to $500. When we think of this allowance we do not wonderthat he tries to confine his labors to the mere keeping of therecords, leaving everything else to the various committees of theboard of directors.It is usual to select the loaning committee for the month fromamong the board of directors in rotation. Very few associationshave a regular and permanent loaning committee, and those whohave can rarely get them together when needed The committeesthus selected are never paid and seldom attend to the associationbusiness as they would do their own. They are busy menand cannot afiord to give valuable time without compensation.How often applications for loans are returned to the secretarywhen only one of the committee haB examined the property,The excuse is given " I did not have the time to Bee it, but I willtake the judgment of and sign the report on the strength of Mr,Blank having seen it."-When building associations pay bettor salaries to the officersrand the loaning and auditing committees of the board ofdirectors, they will receive better service and will make morev.money for the shareholders. State associations do not do businesson the old plan, and, consequently, they make larger profitsby more promptly investing their money and avoid losses bymore care in loaning money, all because those in charge arepaid properly for the time and service rendered. While thisprimary defect exists, it is hardly worth while to mention thedefects of management.HOW TO PROVIDE FOR THE PAYMENT OP MATURING-SHARES.This question is fast becoming one of serious concern to theever-increasing number of associations whose oldest sereia areapproaching maturity. The Bureau is constantly receivingrequests for suggestions as to the beBt way to provide for the

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 469payment of Buch shares. Of the four methods in use in thiscountry it has discouraged two, the accumulation of a sinkingfund or the borrowing of money from the banks for this purpose.It has strongly recommended the gradual increasing of the withdrawalvalue of shares to as near as practicable the holding value.While this, doubtless, encourages the withdrawal of free sharesas they near maturity, it has not been found to be a solution ofthe problem. Probably a system of forced withdrawals wouldbe, but this is not altogether unobjectionable. Ou the otherhand, Judsje Seymour Dexter's plan, a brief outline of whichwas given in his address before the New Jersey League meeting,at Trenton, January 21st, 1892,* appears to be the most practicableas well as the fairest. This has been formulated in fullerdetail at the request of the Bureau, and is here reproduced:"In answer to your request I will explain what I regard as preeminentlythe best plan to be pursued in paying matured sharesby local building and loan associations, organized upon the Berialplan of issuing stock." The articles of association and by-laws of an association shouldprovide that, when there are matured shares unpaid, one-thirdof the receipts should be applicable to the payment of maturedshares, one-third to borrowers and one-third to withdrawers ofnon-matured shares. In case the demand by the withdrawers ofnon-matured shares does not take all of the one-third of receiptsset apart, whatever remains should be applicable to the paymentof matured shares, and the same rule to apply to the one-thirdset apart for borrowers. From the time the stock is declaredmatured by the board of directors until it ia paid, it should drawinterest at the rate of— per cent, per annum. The rate per cent,should be fixed by the current rate in the community in savingsbanks or other banks that receive money on deposit and payinterest thereon." The holders of matured stock should file their applicationsfor payment of the same. Payment should be made in the orderin which such notices are filed with the secretary. When thearticles of association and the by-laws thereunder provide for this.mode of paying off matured shares, the shareholders allow theirstock to mature with the understanding that they may be obliged* See Bureau report for 1891, p. 559.

470 STATISTICS OP LABOR AND INDUSTRIES.to wait some time for their money. It allows to each shareholderwho has stock about to mature three courses to pursue: First,he may withdraw under the provisions for non-matured Btock;aecoud, he may become a borrower on his shares; or lastly, hemay let his shares mature so that there is due him the full maturedvalue of the same., "Under the plan above described the maturing of shares producesno disturbance whatever in the regular course of businessof the association. There is no accumulating of funds that drawa low rate of interest. Unless there is something in the law ofthe State which prohibits, it i& entirely proper for the stockholdersof an association to hold a meeting, as provided by their articlesof association for amending the same, and at such meeting amendtheir articles of association to conform to the plan above specified." The plan which I have above described has been in practicaloperation for nine years in the Ohenaung Valley Mutual LoanAssociation of Elmira, New York. The articles of associationwere amended about two years before the first series of stockmatured; and this \Vas done by its shareholders, without a dis-Benting voice, upon presentation to them of the method proposed,at a meeting held for that purpose. This association maturesnext month its ninth annual series of stock. There has neverbeen a complaint from any shareholder with reference to his notgetting his money at the time the shares matured. If there issome shareholder who stands in great need of his money, thesecretary is always able to make some arrangement in the matterby which he'is accommodated." We knew how prone all workers in the local building andloan association movement are to think that the methods underwhich they have been working and with which they are familiarare the beBt, There is but one objection that can arise in theminds of any one to the method above outlined, and that is thatthe shares are not all paid promptly at the date of their maturity.That objection amounts to nothing in actual practice. The associationshould never agree to pay matured shares faster than ithas funds to pay the same. There Bhould be no provision in thearticles of association which makes an association legally liableto pay moneys faster than they are received for that particularjmrpose. No association, on account of matured shares, should

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS.47 Lbe compelled to cease loaning money. It should have at leastsome portion of its receipts for borrowers every month."The following provision in the articles of an associationwould cover this manner of paying matured shares:« § When each free share reaches its matured value all paymentsof dues thereon shall cease, and the holder thereof Bhallbe paid, out of the funds of the association, the mature'd valuethereof, with such rate of interest as shall be determined by theby-laws, from the time the board of directors shall declare suchshares to have matured until paid; but at no time shall morethan one-third of the receipts of the association be applicable tothe payment of matured shares without the consent of the boardof directors. The order of payment of the matured shares shallbe determined by the by-laws."

PART VI.Labor Legislation.(473)

PART VI.Labor Legislation of New Jersey.Laws Relating to the Employment of Labor and affectingthe Interests of Wage-Earners in this State.*.An Act to repeal an act entitled "An act to appoint a commissionerof mines and defining the powers and duties of suchcommissioner," approved February twenty-fifth, one thousandeight hundred and ninety-two, and to end the term of officeof any person or persons appointed thereunder.1, That an act entitled "An act to appoint a commissioner ofmines and defining the powers and duties of such commissioner,"approved February twenty-fifth, oue thousand eight hundred andnineiy-two, be and the same is hereby repealed, and the^term ofoffice of any person or persons appointed under said act be andthe same is hereby ended forthwith.2. That this act shall take effect immediately.Passed April 18, 1894. Chap. 52..An Act to further define the duties of " factory and workshop inspector,"and to include in the same the inspection of mines andthe making and enforcement of regulations in respect to theoperation of the same with increased safety to those employed"therein.1. That the "factory and woikshop inspector" shall hereafter,in addition to the duties already imposed upon him by law, havefull power and authority to visit and inspect, at all reasonablehours, and as often as practicable, all mines in this state, and toreport to the governor of this state on or before the first day otJSTovember in each year the result of such inspection, together••* For a compilation of New Jersey labor lawp, 1892 inclusive, see Bureau report for'1891.(475)

476 STATISTICS*OF LABOR AND INDUSTRIES.with such recommendations as said " factory and workshop inspector" shall deem proper and necessary.2. That the said " factory and workshop inspector " shall, bypersonal examination or otherwise, ascertain if proper and necessarysafeguards are erected and maintained Dy the owner or owners,lessee or lessees of each and every mine, for the protection of thelives of the men employed therein; in case it shall appear to thesaid " factory and workshop inspector " that any Buch owner orlessee has neglected to make proper provision for the safety ofthe employes working in any such mine, he shall serve or causeto be served upon any such owner or lessee, a notice in writing,stating briefly such neglect, and such owner or lessee shall immediatelyremedy the same, or in case of death or accident fromsuch neglect, be criminally liable therefor.3. That it shall be the duty of said " factory and workshop inspector,"to whom a complaint iu writing shall be made by anyemploye in any mine in this state, that any such mine is dangerousto the lives of those employed therein, without delay to viewand examine the mine complained of ; and if he shall find suchcomplaint to be just, he shall give notice in writing of the danger tothe owner or lessee thereof, and in such notice may, in his discretionforder such mine closed until he shall issue MB order thatsuch danger has been removed.4. That any owner or lessee receiving such notice as is mentionedin the last preceding section, and refusing to comply therewith,Bhall forfeit the sum of one thousand dollars, to be recoveredin an action upon contract by the said " factory and workshopinspector," in his individual name, in any court of competentjurisdiction ; the said penalty when recovered, less the costsand expenses thereof, to be paid to the overseer of the poor ofthe township in which such mine is located, for the use of thepoor of said township,5. That this act shall take effect immediately.Passed April 18, 1894. Chap, 51An Act in relation to the employment of labor by corporations*1. That no corporation or employers of labor doing business inthis state shall, directly or indirectly, or through any manager.

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 477agent, superintendent, or employe thereof, make as a condition ofemployment of labor in any branch of its service, that any applicantor applicants for such employment shall, either individuallyor collectively, be required to sign any paper, document, orwriting of any description, by which an obligation is made orimplied of Trouncing existing membership in any organization,society or brotherhood, or by which a promise is given of notjoining such organizations at any future time.2. That no corporation or employers of labor shall in like mannerrequire, directly or indirectly, or through any of its managers,superintendents, agents or employes, that any individual or individualsshall, either individually or collectively, in any mannerpromise to renounce existing membership in any lodge, brotherhood,or labor organization of any kind, or promise to refrainfrom joining any such lodge, brotherhood, or organization at anyfuture time.3. That any violation of the above act shall be punishablewith a fine not to exceed five hundred dollars or three months'imprisonment, or both, as the court may direct.Approved May 15, 1894. Ohap. 212.An act to provide that school trustees and "boards of educationin every school district of this state shall furnish free textbooksand all necessary supplies to all scholars attending thepublic schools.1. That school trustees and boards of education shall purchasetext-books and other necessary school supplies for use in thepublic schools of their respective school districts, as such newtext-books and supplies are required in addition to those atpresent in use in the bands of pupils or owned by the schooldistricts, out of a free text-book fund of the district, to be raisedby Bpecial school tax, which shall be assessed and collected inthe same manner as moneys for public school purposes are nowraised by law, and when so procured the necessary books andschool supplies shall be furnished free of cost for use in the publicschools of said districts, Bubject to the orders of the schooltrustees and boards of education thereof, whose duty it shall beto provide for the return of and for the safe keeping and care ofthe books, which shall be returned at the close of the annualschool term in each year, or as the board may direct.

' 478STATISTICS OF LABOR AND INDUSTRIES.2. That the board shall keep an account of all moneys expendedunder the above section, and report it under separateitems in the annual financial accounts as authorized by law.3. That it shall not be lawful for the county superintendentsschool trustees or boards o± education, or any other person ofiVcially connected with the common-school system, to becomeagents for the sale, or in any way unlawfully promote the sale,of any school books, maps, charts, school apparatus.or stationery.or to receive unlawful compensation for such sale, or promotionof sale, in any. manner whatsoever, and any violation of the provisionsof this section shall be deemed a misdemeanor, and punishablewith removal from office.4. That it shall not be lawful for any director or president ofany school board in this state to be interested in the furnishingof books or any other supplies for said schools.5. • That this act shall take effect immediately.Approved May 14th, 1894, Chap. 187.A Further Supplement to an act entitled "An aot to establish andregulate pilots for the ports of Jersey City, Newark and PerthAmboy, by way of Sandy Hook," approved April seventeenth,,one thousand eight hundred and forty-six.. 1. That section one of the act to which this is a further supplementbe and the same is hereby amended so as to read as follows,to wit:1. That the governor, by and with the advice and consent of thesenate, shall appoint six commissioners of pilotage * 3 not morethan three shall be members of the same political party, whoshall hold their offices, respectively, for three years ; and in casfcany commissioner of pilotage so appointed shall die or resign, orin any other way become disqualified to act, it shall be the dutyof the governor, by and with the consent of the senate, forthwithto fill such vacancy, and the person so appointed to fill suchvacancy shall hold his office for the like term of three years; andthe commissioners of pilotage, or a majority of them, shall beauthorized,and full power and authority are hereby given \othem, to permit, at their discretion, any person to act as a branchpilot as hereinafter provided for, off the bar at Sandy Hook, or ofthe river Earitan, or of the harbors of Jersey Oity, Newark or

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 479Perth Amboy, they having examined the said person in themanner hereinafter mentioned and made such inquiries respectinghim and his qualifications as to them the said commissioners, ora majority of them, shall appear necessary and expedient2. That the terms of all the several commissioners of pilotagenow in office under the act to which this is a supplement, andthe various supplements thereto, shall cease and, determine uponthe appointment and confirmation of the commissioners of pilotageabove provided for.3. That section twenty-four of the act to which this is a supplementbe and the same is hereby amended so as to read as follows,to wit:24* That the.pilots shall,"once in each month, account to thesaid commissioners for the fees received by them for pilotage ;and the said commissioners shall be entitled to receive one andone-half per centum from the said fees as a compensation fortheir services under this act, to be divided among the commissionersaccording to the days they may have, respectively, attendedat any meeting; provided, that said commissioners shallnot be entitled to receive said commission on extra pilotage forboarding off shore or for fees received for what is called transportationor harbor pilotage.4. That hereafter every boat belonging to the pilots licensedby the laws of this state shall have but one indentured apprentice,who shall be attached to said boat, and indentured to its master,and serve as said apprentice, under the laws of this state, at leastfour years, and at least three consecutive years of said apprenticeshipas a boat-keeper on said boat, and shall be subject to all thelaws now in force for the government of pilots of this state, andshall be examined aa now directed by law, and, after said examination,shall be licensed as a deputy pilot, at and under the discretionof the pilot commissioners of this state, and no personshall be appointed a pilot of this state by way of Sandy Hook,except as herein provided.5. That all acts and parts of acts inconsistent herewith be andthe same are hereby repealed, and that this act shall take effectimmediately.Approved May 17th, 1894. Ohap. 290.

PART VII.Building and Loan AssociationLaws of New Jersey.(481)32

PART VII.Building and Loan AssociationLaws of New Jersey.AN ACT TO ENCOURAG-E THE ESTABLISHMENT OF MU-TUAL BUILDING AND LOAN ASSOCIATIONS* ANDSUPPLEMENTS THERETO.1. That any number of persons, not less than five, may associateand form an incorporated company for the purpose ofassisting each other, and all who may afterwards become associatedwith them, in acquiring real estate, making improvementsthereon, and removing incumbrances therefrom, by the paymentof periodical installments; and for the further purpose ofaccumulating a fund to be returned to its members who do notobtain advances, for purposes above mentioned, when the fundsof such association shall amount to a certain sum per share, tobe specified in the articles of association.2. Any such persons who shall sign a certificate setting forththat they have formed such an association under the provisionsof thiB act, and the name adopted for such association, and thecity, borough or township where it is to be located and its businesstransacted, and who shall cause the same to be delivered tothe clerk of the county which embraces the place of its location,thereupon, together with all who may afterwards become members,their successors and assigns, shall be a body corporate andpolitic in law, with all the powers mentioned in the first section•of the act entitled " an act concerning corporations."3. The said clerk shall immediately file said certificate andrecord the same in a book to be kept for that purpose, for whichhe shall be entitled to receive the sum of twenty-five cents.* Approved April 9th, 1875 (Revision, page 92).(483)

484 STATISTICS OF LABOR AND INDUSTRIES.4. Parents and guardians may take and hold shares in suchassociations in behalf of their minor children or wards, andtrustees in behalf of married women, and may act in such associationsin behalf of those they represent.5. The right of membership in all associations formed underthis act shall consist in the periodical payment of such sum ofmoney, at such times and subject to such penalties as shall be.determined by the constitution adopted and filed as aforesaid, orin payment of a'principal sum specified in such constitution, tobe repaid by the company, in such way and manner as shalltherein be designated, with interest, not exceeding seven* percentum per annum.6; The fuuds of every association formed under this act shallbe invested in the purchase of lands or building lots, and erectingbuildings and improvements thereon, or in the purchase of lotsand houses already built; which lands, dwellings and improvementsshall be sold to the members of such associations, payablein the shares of the company, or in periodical installments for aperiod such as shall be agreed upon and designated in their constitution,and which shall not exceed the term of twenty years;at the expiration of which term the lands, dwellings and improvementsso sold and conveyed to the members of suck associationsshall become the property of the grantees, discharged from allfurther payment and clear of all incumbrance; or in loans tomembers on mortgage of real or personal estate, payable in sharesof said company, or by such periodical installments, or in theredemption of shares, or in all or any of these modes. (See section8, below.)7. It shall be lawful for married women and minors to holdshares in any associations formed under this act; provided, saidshares are paid for out of the earnings of said married womenand minor children, or with money given to them by others thanthe husbands of said married women, or the male parents ofminor children.8. Every company formed under this act shall adopt a constitution,which shall embrace all the provisions of the foregoingsections, and such articles for their government and management* Six at present.

BUILDING AND LOAN ASSOCIATION LAWS, 485of their business as they shall deem proper; provided, the sameshall not be inconsistent with this act or with the act concerningcorporations aforesaid, and Bhall not contravene the laws or con«stitution of this state or the United States, and may alter andamend the same, froin time to time, in the manner therein provided; the investments of every such association shall, be madeeither in* loans to or in redemption of the shares of, or in purchasinglots and erecting dwellings for the members, or in all ofsaid modes, or in such other ways as the constitution ot the particularassociation shall provide; and no premium given forpriority of loan or acquisition of a building, or discount givenon the redemption of shares shall be deemed to be usurious.*9. Every company formed under this act shall furnish to thesecretary of state, if required, an annual statement of the businessand condition of the company, which shall be duly attested,under, oath or affirmation, by the proper officers of said eompany.f10. Any company formed in pursuance of this act shall havepower to dispose of or sell any lands and tenements to othersthan those constituting the said company, on terms according toor not inconsistent with the constitution of such company; andthe purchasers of said tenements so sold or disposed of shall notthereby be constituted members of any such company formed asaforesaid.11. The original associates, or those formed into companiesunder this act, or their assigns, and who shall have actually createda fund and expended the same in acquiring lands and tenements,shall be alone deemed to have and to exercise the rightof members in said companies.12. All deeds of conveyance of lands or tenements granted byany company formed in pursuance of said act shall be held to bevalid and binding, with all the restrictive clauses as against nuisances,or what may be deemed nuisances by the constitutions ofany companies so formed as aforesaid, unless the same are inviolation of the constitution of this state or the laws thereof, orot the United States.*As amended by act approved February 29;h, 1876 (Revision, page 1272).t See page 489 below.

486 STATISTICS OF LABOR AND INDUSTRIES.13. All matters not herein provided for shall be regulated bythe constitution and by-laws of said associations, respectively.14. The legislature may at any time alter, amend or repeal thecharter of any association created under this act.15. That companies organized under this act may divide orpartition the lands by them owned among their members by lot,in such way as to them may seem most advantageous 0 , and allconveyances made in pursuance of such allotment shall, for allpurposes, be valid and effectual.Supplement.*1. That any mutual loan, homestead or building associationheretofore organized under the laws of this state shall have powerto meet and reorganize and provide for the transaction of theirfuture business under the provisions of the act to which this is asupplement, by giving notice thereof by advertisement for fourweeks successively, at least once in each week, in a newspaperpublished or circulating where such company or association ialocated, which advertisement shall be signed by the secretary andstate the time, place and purpose for which such meeting iscalled, and also by sending a written or printed notice to eachstockholder containing the same information; when so assembledthey shall have power, by a two-thirds vote of the Btock present,to change, alter or repeal their present constitution and by-lawsand to adopt such new constitution and by-laws as they maydeem needful for their future government; provided, the same donot conflict with the laws or constitution of this state or of theUnited States.Supplement. (That nothing in the act to which this is a supplement shall beconstrued to prevent any association formed under the provisionsof the said act from taking a premium for priority of loan oracquisition of real estate, or discount on the redemption ofshares; and that no premium or discount so tak6n for such purposeshall be deemed to be usurious.* Approved March 25tb, 1876 (Revision, page 1272).t Approved April 21st, 1876 (Revision, page 1272).

BUILDING AND LOAN ASSOCIATION LAWS.487Supplement.*further .upplemeat, ma, tan, , ham rf ,^1 ° , itan,and by the constitution or by-laws of andi «L *•amendment lawfully made theretoa8BOCîon 8 or any2. That all shares of stock heretofore'issued in different seriesby any such assodation according to the provisions of its contftuUon or by-laws shall be as valid and eflectual to all intents andS r i "thl8 ^ ^b-.^-.Priorto the issuing3. That whenever the constitution or by-laws of any such associationmake no provision for the manner in which the samemay be amended, such association may amend its constitution orby-laws at any regular meeting of the association by a vote oftwo-thirds of its members present at such meeting; provided, thatthe proposed amendment shall have been submitted in writingand entered upon the minutes of said association at least fourweeks before a vote shall be taken thereon.4. That all acts and parts of acts inconsistent with any of theprovisions of this act be and the same are hereby repealed.Snpplement.tWHEREAS, Doubts having arisen as to the legal right of associationsformed or incorporated under or by virtue of theabove-mentioned act and the several supplements thereto,to issue new or a series of shares under their original acts ofincorporation; and whereas, a number of said associationshave issued new or a series of shares, believing that theyhad a legal right so to do; now, in order to remove alldoubts on the subject, and to legalize the same and theissuing of certificates of stock therefor, and to hereafterauthorize the formiug of such new series':* Approved March 29il), 1887 (P, L., p. 62).t Approved February 14th, 1888 (P. L., p. 36). . •

488 STATISTICS OF LABOR AND INDUSTRIES.1. JBe it enacted, That all new or series of shares heretoforeissued by any association formed or incorporated under and byvirtue of the act to which this is a supplement, and the severalsupplements thereto, be and the same are hereby coufirrned andmade valid both in law and in equity, notwithstanding the issueof said new series may have increased ti-e number of shareB ofsaid association beyond the limit fixed in its certificate of incorporation.2. That the board of. directors of all associations heretoforeincorporated or which may be hereafter incorporated under andby virtue, of the above-named act, and the several supplementsthereto, are hereby empowered to authorize the formation of anew or a series of shares upon the same terms and conditions theoriginal shares of stock were issued, whenever at least one hundredshares shall have been subscribed, and to issue certificatesof stock for the shares taken in said new series, notwithstandingthe issue of said new series may increase the number of sharesof said association beyond the limit fixed in its certificate ofincorporation,3. That whenever a new series has been or sha] 1 be fdTtnBtlunder this supplement, the relative value cf the shares of therespective series shall be kept separate and distinct, and the valuethereof reported in an annual statement to the shareholders.Supplement.*1. That it shall be lawful for any association incorporatedunder the provisions of the act to which this is a supplement, orotherwise lawfully existing in this state, to change the name getfoTth in its origiual certificate of incorporation, by a two-thirdsvote of the board of directors of such association; provided, thata certificate under the hands of the president and the secretaryof such association, setting forth such proposed new name, andthat the same was adopted by a two-thirds vote of the board ofdirectors of such association at a meeting regularly held on adate specified in said certificate, shall be delivered to the clerk ofÂpproved June 9th, 1800 (P. L., p. 420).

BUILDING AND LOAN ASSOCIATION LAWS. 489the county where such association is or shall be located, to be byhim filed and 1 recorded.2. That the name so certified to have been adopted shall, fromthe time of filing such certificate of change, be the true andproper corporate title of such association instead of the name- setforth in the original certificate of incorporation; and all deeds,mortgages, contracts, actions, judgments, transactions, and proceedingswhatsoever heretofore or hereafter made, received,entered into, carried on or done by said association before theadoption or certification as aforesaid of such change of name,but wherein the said association shall have been called by thename BO subsequently adopted, are hereby declared to be asgood, valid and effectual in "law as though said association werecalled therein by the name set forth in its original certificate ofincorporation.Supplement.*1. That every mutual loan, homestead and building associationorganized under the lawd of this state, or doing businesstherein, shall furnish, through its secretary or other appropriateagent, to the chief of the bureau of statistics of labor and industriesan annual statement of its business and condition according .to the form required, and on blanks furnished by said chief,which eaid statement shall be duly attested, under oath oraffirmation, by the treasurer and an auditing committee of thestockholders or board cf directors of Baid association, and thesaid board of directors are authorized to appropriate from thecurrent income of said association a sufficient remuneration tothe secretary thereof fjr preparing the statement aforesaid.2. That on any failure to make such statement the said chief,or his authorized agent, with the approval of the governor, maymake an investigation of the books, securities and accounts ofany delinquent association, which books, securities and accountsshall at all times be open to the inspection cf the said chief orhis duly authorized agent as af jresaid.*An-apt'relating to mutual loan, homestead and building as?8ociatioi s,approved June 13:h, 1890 (P. L, p, 441).33

490 STATISTICS OF LABOR AND INDUSTRIES.3. That it shall be the duty of said chief of the bureau ofstatistics of labor and industries to publish annually a concisereport on the standing and condition of all the said associationsdoing business in this state, and to furnish each cf said associationswith one or more copies of such repDrts. '

1893 - State Library Information Center

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