EDITORIALS.

PAGE
Bankers Not Yet Reconciled..

1
Start the New Year Right.

2
Get Busy With Ex-Service Men.

3
Meeting of the West Coast Association 3
Group Meetings of the Ohio Building
Association League...

4
Commissioner of Internal Revenue Con-

strues Exemption as Applying Yearly 5
Welcome Messengers......

5
Forty-two Years of Progress..

5
Tennessee Associations to Organize a
League

6
Keeping Money at Home..

6
Ruling of the U. S. Department of In-

ternal Revenue in re $300.00 Tax
Exemption

49
The Editor's Dates in the Southwest.. 50
"Building and Loan

Day” in

San
Francisco

51
"Rents Must Come Down".

51
Nothing Unsound in Building Associa-
tion Exemption..

52
Saving the Solution..

53
Result of the Exemption in New Orleans 54
Rule of Renters.

55
The Desire to Win..

55
Uniformity of Methods..

56
Critical Analysis of Men..

57
Don't Be Content......

59
Ruling of the Treasury Department on
Income Tax Exemption .....

97
Three Per Cent Contract (oncerns. 98
In Memoriam-P. W. Madsen.

98
Attention, Mr. Permanent Plan

99
Is There No Hope?.

100
West Coast Conference,

102
Attention, Building and Loan Interests 145
Building-Loan Tax Test Case Decided
Adversely

146
The Proposed National Blue Sky Law
and Building Association.

149
Going After Them....

150
United States League Meeting, Port-
land, Maine...

131
A Unique Condition.

151
Proposal to Enable Banks to Enter
Slow Loan Field..

132
National Federation of Construction

Industries Endorse Building Associa-
tions

153
Roger W. Babson on Building Associa-
tions

154
Still Assailing the Exemption..

154
Renewal Certificate Plan.

155
Canadians Back Building and Loan.. 156
“Hold-Up" Insurance Needed.

156
Announcement--"Thrift"

194
The Ohio Tax Case...

195
Chart Showing Increase in Assets..... 195