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Predicts Thoucands of Newly-Weds Will Join Own-A-Home Savings Clubg

The new Own-a-Home Savings Club plan of the U. S. Savings & Loan League, which is being launched by hundreds of building and loan associations in the United States, will enable tens of thousands of newly-weds to build and own their homes, predicts E. W. Morrill, vice-president and general sales manager of the Insulite Co., with headquarters in Minneapolis, Minnesota.

The main purpose of these new savings clubs is to encourage young married couples to save enough money on a monthly savings plan to make first payments on new homes, and thus render it possible for them to own their own homes.

Any person who can save $10 or more a month is eligible to join a club. It is estimated that it will take a member from 36 to 6O months to save enough to make a first payment on a new home. The building and loan association sponsoring the club is to finance the balance on a long term monthly payment basis.

"This new Own-a-Home Savings Club plan will enable many a young maried couple to save many thousands of dollars it otherwise would lose in later years in the form of rent," said Mr. Morrill today.

"People who pay rent, no matter how low it may be, little realize how many thousands of dollars are spent for rent, over a period of lQ 15 or 20 years.

"For example, rent amounting to only $20 per m,onth, with added interest at six per cent, will, in 15 years' time, amount to $5,586.19. Rent of $30 per month will, on the same basis, total $8"379.D, and. rent of $40 per month, $11,172.38.

"Any of these amounts is big enough to buy a far more pretentious home than the one this family probably has been renting. Thousands of dollars can be saved if a home is bought soon after marriage, on a soundly-financed monthly payment basis.

"The building of tens of thousands of new homes by newly married couples in the near future, as a result of the new Own-a-Home Savings Club plan, will provide extra employment for hundreds of thousands of other young.men and women who now find it difficult to find steady work.

"This, in turn, will be of inestimable benefit not'only to the building industry but to many other industries as well.,,

Any young married couple interested in joining a local Own-a-Home Savings Club may obtain complete information about the plan by getting in immediate touch with the local building and loan association.

BUILT-IN PROTECTION

Built-in protection of the home sub-structure was graph- ically illustrated by two pictures in the pressure-treated lumber display in the lumber and allied industries exhibit at the recent Southern California Home Show in Los An_ geles.

The first picture showed the lumber coming from the treating retorts and the second showed the treated lumber, including the sub floor, actually in service.

News of Interest

Hayward Lumber & Investment Co., Los Angeles, has purchased the J. D. Halstead Lumber Company yards at Flagstaff and Williams, Ariz., and Palo Verde Commercial Co. at Blythe, Calif.

William H. (Bill) Pruitt, manager for the Halsteads at the Flagstaff yard for the past several years, will continue as manager. R"y Martin, with the Hayward Lumber & Investment Co., Bakersfield, Calif., will manage the Williams yard, succeeding Lester Kuck, who goes to Mesa where he has a similar position. Ralph Belk, formerly with the Glendale Lumber Company, Glendale, Calif., will be store manager at Blythe.

The new mailing address of The California Door Company is P. O. Box 2103, Terminal Annex, Los Angeles.

Bill Large, manager of the glass department of Eureka Sash Door & Moulding Mills, San Francisco, celebrated his 33rd wedding anniversary on June 5.

The annual meeting of the Philippine Mahogany Manufacturers' Import Association, Inc., will be held at The Broadmoor, Colorado'Springs, Colo., on Friday and Saturday, July L9-2O, Ig40. for the purpose of hearing reports, electing officers for the ensuing year, and transaction of other Association business.

Dick Walton, Century Mill & Lumber Co., San Diego, recently spent a few days at Palm Springs.

C. S. (Clitr) Jones of the lumber Wrecking Co., Los Angeles, is back spent at his mountain cabin near Big department of Mox from his vacation, Bear Lake. Calif.

H. M. "Mac" Luellwitz, Anglo California Lumber Co., Los Angeles, has returned from a business trip to Northern California.

Rex Williams, wholesale salesman for Eureka Sash Door & Moulding Mills, San Francisco, and Mrs. Williams, who returned from a recent trip to Southern California by way of the Carmel-San Simeon Highway are high in their praises for the scenic beauty of this route.

Mr. and Mrs. Don E. Coveney are receiving congratulations on the arrival of a baby girl, born in Oakland, June 7.

Mr. Coveney is a member of the sales stafi of Strable Hardwood Company, Oakland.

Peter Schafer, president, Schafer Bros. Lumber & Shingle Co., Montesano, Wash., and Mrs. Schafer, were recent Los Angeles and San Francisco visitors.

Charles C. Adams, Adams Lumber Company, San Bernardino, and Mrs. Adams, attended the Southern Califor_ nia Home Show at Los Angeles the first of the month.

E. A. Hughes and Ernest llughes of Hughes Lumber & Mill Co., Huntington Park, Calif., returned recently from a vacation. trip to Denver, Colo.

War Activity Should lmprove Building19-Yeat Attendance Record Race Declares Dahlberg Ends in Dead Heat

The war situation in Europe and defense measures in this country will probably result in greater building industry activity, Bror Dahlberg, president of The Celotex Corporation, today told branch managers of the company meeting in Chicago.

"On the other hand," he added, "business will be tougher to get. Profit margins are likely to be smaller. Production, distribution and advertising must be made more efficient than ever before. None of us can afford to relax.

"Companies manufacturing basic products need have no fear of diminished business," said Mr. Dahlberg. As an example, he cited the Celotex English plant which has been running at capacity ever since the outbreak of the war.

URSIN PERKINS MOVES OF'FICE t

Ursin Perkins, Los Angeles, West Coast representative for the Hillyer Deutsch Edwards Company of Oakdale, La., has moved his office to 772 Security Title Insurance Bldg., 530 West Sixth Street.

BACK FROM NORT,HWEST

Roy E. Hills, Wendling-Nathan Co., San Francisco, returned May 30 from spending two weeks in the Pacific Northwest, where he called on the firm's mill connections. He was accompanied on the trip by Mrs. Hills.

When Henry Adams and Frank N. Gibbs, Anaheim retail lumbermen, joined the Kiwanis Club nineteen years ago they were told that "regular attendance at meetings is the first duty of a Kiwanian," they took it seriously. When the Anaheim Club was formed Mr. Adams was its first president.

For almost two decades they carried on the marathon against time and both had a perfect record. If they were unable to attend their own club meeting they would drive to some other city to make up their attendance. During this period there was a friendly rivalry that continued even after they had merged their lumber companies under the name of Gibbs Lumber Company.

A few weeks ago Mr. Adams had to go to the hospital for a minor operation. He thought he would be able to be out before the next club meeting but he couldn't make it and it looked like the race was over, and Mr. Gibbs was the winner.

Mr. Gibbs suddenly decided that a race without competition is no fun. When he found that Mr. Adams would not be able to attend he discovered that "unavoidable business" would make it impossible for him to continue his own perfect attendance record.

So the race was over and ended in a dead heat.