1893 - State Library Information Center

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: