Windsor Locks High School - Herald Yearbook (Windsor Locks, CT)

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32 THE HIGH SCHOOL HERALD EXCHANGE COLUMN We acknowledge the following ex¬ changes: “Enfield Echo,” Enfield High School, Thonipsonville, Connecticut. “Senior,” Westerly High School, Wester¬ ly, Rhode Island. “Central Recorder,” Central High School, Springfield, Massachusetts. “Somanhis Events,” South Manchester High School, South Manchester, Connecti¬ cut. “The High School Herald,” Westfield High School, Westfield, Massachusetts. “The Commercial News,” Commercial High School, New Haven, Connecticut. “The Legenda,” Williams Memorial In¬ stitute, New London, Connecticut. “Students Review,” Northampton High School, Northampton, Massachusetts. “Tunxis,” John Fitch High School, Wind¬ sor, Connecticut. “The Nutshell,” Stonington High School, Stonington, Connecticut. “The News,” Wilby High School, Water- bury, Connecticut. “The Mercury,” West Springfield High School, West Springfield, Massachusetts. “The Chronicle,” Lyman Hall High School, Wallingford, Connecticut. “The Green and Brown,” Emerson High School, Flagstaff, Arizona. BUILDING AND LOAN ASSOCIATION ESSAYS. THE BUILDING AND LOAN ASSOCIATION. First Prize. The Building and Loan Association might be termed a verb with a subject and an object. The subject or underlying prin¬ ciple is co-operation and the compound oo- ject or result is thrift and content. The Building and Loan Association was first started in England during the early years of the 19th century. This great or¬ ganization would never have existed had it not been for a handful of thinkers who were trying to devise some plan by which the common wage-earner could be made more contented and their living conditions bettered. Upon investigation they found that the people were willing and eager to save, but did not know how to invest their savings safely and wisely because of the many “get rich” schemes which were prev¬ alent at that time. The plan which was first drawn up in England was that there be fifty share¬ holders in each Association, holding shares valued at a certain sum. The Association would build a house each time that it had collected enough money from the sharehold¬ ers. This would go to one of the fifty who would keep on paying in his money until the house was paid for, at which time the house and land was deeded over to him. In England living was found so much better in towns where such an organisa¬ tion existed that the plan soon spread. The first one of its kind in America was started at Frankford, Pennsylvania, in 1831. Not only are there shareholders but there are also borrowers. A man might wish to buy a home, but, not hvaing the money on hand, has to borrow. A person almost invariably winces at the idea of a mortgage or anything which might suggest one. This being the case, he still has the Building and Loan Association to fall back on, which is truly a stable support. First- if he is not already a member, he must take out shares and apply for a loan, his application going before the Board of Di¬ rectors for approval. If it is approved the Association will then loan him part of the money which will be needed for the pur¬ chase. For this loan he will pay the same as regular stockholders do, plus interest at 6 % until the amount is paid. He will then be given the deed of the property in his own name. When the loan is made, the borrower gives the association a first mortgage upon the property as security for the loan. If, however, he already has shares in the association, which have not reached their maturity, he may pass them in and will get his money back, so that he

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THE HIGH SCHOOL HERALD 31 hind ones so we decided that a small island should be provided that they might rest there part of the time and so develop their lungs. This we did. Now we are watch¬ ing to see the tails go. We are not the only ones interested in Biology for we have frequent visitors from the other classes. John Bercury, ’25. - (o) - FRESHMEN CLASS NOTES The Freshmen held a class meeting Tues¬ day, June 5, to elect a new treasurer, the previous one, Charles Colli, having left school. Helene Leary was elected. A baseball team picked from our class defeated the Grammar School in a tightly contested game, the losers playing a good ball, but the pitching of Bassenger being too much for them. The score was 12 to 11. On Friday, June 8, the Freshmen gave a prize speaking contest, a prize of five dollars having been offered to the best speaker and a prize of two dollars and a half to the next best. The program was as follows: 1 . Selection by the Orchestra 2 . Recitation, The Builders Margaret McKenna 3. Recitation, Somebody’s Mother Margaret Brett 4. Recitation, The Way to Wealth Edward Micha 5. Recitation, Better Than Gold Frances Orvis 6 . Recitation, Psalm of Life Pearl McCauley 7. Duet—Oh, That We Two Were May¬ ing May Byrne Josephine Wallace 8 . Recitation, The Liberty Bell Mary McHugh 9. Recitation, Love of Country Raymond Bassenger 10. Recitation, Patriotism Elizabeth Jackson 11. Recitation, Song of Life Florence Migliora 12. Recitation, The Chambered Nautilus Sarah Compaine 13. Recitation, Selection from the “Stren¬ uous Life” Joseph Klemas 14. Song, Welcome, Sweet Spring Girls’ Glee Club 15. Recitation, The Village Blacksmith Mary Girl 16. Recitation, The House by the Side of the Road Helene Leary 17. Recitation, America For Me Mary Poloski 18. Recitation, The Arrow and the Song Sophie Markman 19. Recitation, Find a Way or Make It Henry O’Leary 20. Selection by the Orchestra First prize was awarded to Elizabeth Jackson, and second prize to Margaret Brett. Edward Micha, ’26. -(o)- ATHLETIC NOTES The baseball team has just finished a short but fairly successful season. The first game was with the Sufiield Seconds. It was a heavy hitting contest, and ended with the locals on top 25-17. Rhorlich got a home-run with the bases empty. Davies pitched and Leary caught. The next game was a setback at the hands of the Agawam High School team, on their grounds. Davies pitched a fine game, fanning ten Agawam batsmen, but the breaks of th e game were against him. The final score was 9-8. The following week we had sweet re¬ venge for Agawam came here, full of con¬ fidence but it was a different story this time. The locals were the winners 9-8. All of our scoring was done in one inning. The feature of the game was when Henry O’Leary made a home-run and tripled in the same inning. Then came the game with the fast St. Thomas Midgets which resulted in a de¬ feat for us. The final score was 18-7. This closed the season with two victories and two losses. There were also three inter-class games between the Juniors and the Sophomores, the former winning two of them. -(o)- GIRLS’ TRACK MEET The girls held a track meet with Enfield High on Friday, June 8. The trip was made by truck. The score was 42-25 in favor of Windsor Locks. As usual when our girls are put to a test, they came out victorious.

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THE HIGH SCHOOL HERALD 33 can put it into building a house. Then if he has not enough, they will loan him the sum, and he will start out over again with new shares. If a man here in Windsor Locks wished to buy a house costing $4,000 he would go through the following procedure. First the local association would approve of his purchase and advance him $3,000. The association will loan as much as in the judgment of the directors seems to be safe, which is not less than one-half, and usually more than one-half of the appraised value of the property. At this transaction he hm’onu ' s a borrowing member and is given ten shares (at $200 per share), so that he can nay back the loan. He pays each month the same as a lending member, but an extra $10 per month to apply on the interest at 6% (6% on $3,000 is $180 per veer and $15 per month). The full amount each month is $10 to apply toward the principal ( 1.00 per share for ten shares) plus the 15 interest. Every three months 10 c per share is paid to help to nay the un¬ keen of the association. This would make «• ■ editions! dollar every three months on fen shares. A share is supposed to mature in about 139 months or ghout 11% years. After the shares mature the borrower is given a quit claim deed releasing the mortgage. The lending member pays the same wav but, does not have to pav anv interest. When the shares mature they are worth 100 . For a borrowing member the monthly payments will be slightly larger, perhaps, than ordinary rents. Rut remember — after those few vears of slightly higher r«nt bills vx u will not have t.o osy rents! Then von can look with svmp tbv at v«ur neigh¬ bor’s house an ' i c a ' r “Whv didn’t he do as I did? Tf he bad he would also own his own home. As it, is now he can never fix it up as he wants it. while T can suit mv own fancies as to repairing and decorating Ho still has to oav rent with nothmer t show for his haH-eprned money, while 1 have my own cosv home.” A«ido from its being a thrifty and eco¬ nomical thing to r P t your homo through the Budding and Loan, it, is also a great ascot to a town to have home-owners rsther than home-renters A home-owner nlwxvs tskoc m i«h v r no interest in town •,fr«irs the school-!, politics, improvements. and such, than the home-renter who is always in constant dread of having to move. The renter usually lives in a place long enough to get very much interested in it. People also take much more pride in the way their homes appear if they own them themselves. The Building and Loan Association would be a fijne thing for a High School boy or girl to invest in. If he takes out a share when he enters the High School and pro¬ vided he continues his education through college, he will have something to start him out in the world at the time when it is most needed— at the beginning of his career. A great benefit which is derived through the Building and Loan Associa¬ tion is the habit of saving. If a man be¬ comes a borrowing member he has to pay a certain fixed sum at a certain date. He gets so in the habit of saving this, that after the debt is paid, he still saves the sum each month because he has found out that he can get along without spending it. Before he knows it, he has a share paying him dividends. Men and women, take this advice and you will never fegret it. Go, the next time the Building and Loan meets, and make appli¬ cation for either a loan or a share. Put down in your memorandum calendar so that you will be sure to romember it. It has been said that opportunity knocks hut once. That proverb was composed for the benefit of the pnonle of a century ago. Opportunities have changed the same as everything else has changed. They how ' - evpr. have changed for the hette ’. One of the h« st opportunities to-day is to be t-npri in the Building and Lean Association. nRASP IT! Elizabeth Jackson, ’26. - (o) - BUILDING, LOAN AND AND SAVINGS ASSOCIATION. Second Prize. The office door of the firm “Winslow Co.” slowlv onened. and th« office boy poked his head in saying, “Mr. Winslow, that same man is here again, and he in¬ sists unon seeing you this time.” “Well, ‘for goodness sakes,’ show him in