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Rh, or for reading and writing, and these rooms are well furnished with the principal daily and monthly periodicals, as well as with weightier matter. It is in contemplation to provide them at other divisional stations.

Like the relief features the savings-fund and building features are operated under fixed laws by a board, the majority of whom are contributing members, and are equally fostered and guaranteed by the railroad company.

Among the inducements offered by the savings feature are:

Facilities to members and their wives, no matter how isolated their location, to invest savings or to make temporary deposits in the fund; and they may make deposits in larger sums and with more frequency than allowed by other savings-banks.

Avoidance of loss of time and of trouble in reaching places for depositing and withdrawing money, depositories being located at intervals along the line, averaging less than twenty miles.

Allowance of interest, generally greater than, and always equaling, that given by other savings-banks.

Ability to draw checks against balances, as in other banks, wherever on the line a depositor may be; to obtain, in place of deposits, checks of the Baltimore and Ohio Company negotiable anywhere, and to withdraw deposits, wholly or in part, with accrued interest, with promptness and certainty, under the legally binding promise of the Baltimore and Ohio Company.

Participation in all profits earned by the operations of the fund—every permanent depositor being substantially a stockholder, without liability or any of the legal responsibilities usually attaching thereto—and under the most favorable conditions for the economical, faithful, and wise administration of the fund through the offer of the Baltimore and Ohio Company of the services of its bonded and other officials, and the designation of experienced, able, and conservative directors to invest its moneys, and generally to manage its affairs.

Under the building feature: Opportunity for every member of the association, not only those who can provide collateral for loans, but also those who have no real estate or other security to provide or to improve homes for their families, by borrowing from the savings fund at the uniform rate of six per cent interest, and upon the easiest terms as regards repayment of principal, viz.: in monthly installments of one dollar upon every hundred dollars borrowed, with the option to borrowers of making larger repayments.

Payment of interest, not upon the whole sum borrowed until all the loan is repaid, but only the payment of six per cent per annum upon so much thereof as, at the commencement of each year, remains unpaid—an advantage over most building societies.

Certainty of securing valid titles and conveyancing, searching records, recording deeds, etc., at minimum cost, through the