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1893 - State Library Information Center

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1893 - State Library Information Center

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Co OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 159only in New Jersey but in the United <strong>State</strong>s, 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 <strong>State</strong> 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"820173L876574927<strong>1893</strong>118341172Total• 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. .

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