1893 - State Library Information Center

464 STATISTICS OF LABOR AND INDUSTRIES.the whole statute. It is now a detriment to young and a temptationto unscrupulous contractors, a snare to unwary workmenand a menace to building association securities.I submit the following draft of a bill for your approval, andtrust that this or some similar bill will be persistently urged byour Legislative Committee until it shall, if possible, become alaw:An Act to introduce and to require the teaching of building andloan mathematics into the public schools of JSTew Jersey.1. BJE IT ENACTED, by the Senate and General Assembly of the Stateof New Jersey, That, all practical and higher arithmetics, and allarithmetics of corresponding grade thereto, hereafter used in thepublic schools of this State, shall contain a concise but comprehensiveayBtem or expoaition for aimpYiiying and teaching theelements of building and loan mathematics, as used and practicedgenerally in building and loan associations in this State, and thesame shall be taught in said schools correspondingly as otherparts of said arithmetics are taught; provided, that such systemsor expositions so introduced and taught, shall be first approvedand adopted in writing by the State Superintendent of PublicInstruction, the Superintendent of the Bureau of Labor Statistics,and the President of the Building and Loan Association Leagueof New Jersey, or a majority thereof.2. And be it enacted, This act shall take effect on and after thefirst day of September, 1894./ Twenty years after the passage of this act our successors will.not be here—as we are to-day—pounding each other about whatthey don't know.DEFECTS OF BUILDING- AND LOAN ASSOCIATIONS*"What is the ideal building association ? We may differ regardingmethods of working, or concerning the details of management,but we all agree as to the principles which should underliethe organization. In the ideal association every shareholder, be* J. L. Jaraiaon, Secretary of People 1 ! Building and ho&n Atmociation, Mount Holly.