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PUBLISHED BY

JAMES K. SIMON,

No. 29 SOUTH SIXTH STREET, PHILADELPHIA.

1874.

COLLEGE
LIBRARY

01431

Entered according to Act of Congress, in the year 1869, by EDMUND WRIGLEY,

In the Clerk's Office of the District Court of Eastern District of Pennsylvania.

PREFACE.

The want of some plain and concise explanation of the Mutual System of saving and borrowing money as practiced under the various laws enacted by the Legislature of Pennsylvania, authorizing the incorporation of "Saving Fund, Building and Loan Associations," has long been felt by its supporters and advocates. Appearing at a first view somewhat complicated and intricate, it is a scheme difficult to explain verbally, to those unacquainted with its workings, and ignorant of its practical results. Its plan of operation is, indeed, simple enough, but the numerous provisions and details, that surround it, tend to confuse the mind unaided by a systematic arrangement and exposition of all its parts in their proper order, in the effort to instruct others in the merits, objects and uses of the System. With a view to furnish a hand-book of easy reference to those who are anxious and willing to learn, and thus supply in a measure, the want hereinbefore expressed, the author of the following pages has attempted to lay open to view the, operation

Y.

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