Page:The Fraternity and the Undergraduate (1923).pdf/181

 that was the lack of money. Some of the interested members of the Board of Directors had made investigations as to the possibility of our getting money from some of the Chicago houses which make a business of lending money to those in need, but the project of building a house for irresponsible undergraduates in college was a new one, and no one was willing at first to take the risk. Building and Loan Associations would not then consider the proposition for a moment, though now that the building of such houses has become common and has been shown to be a safe enterprise in which to invest capital, it is not especially difficult to persuade either private individuals or Building and Loan Associations to lend money for such a purpose.

It was one of our local members, abetted by two other wide-awake lawyers from our alumni, who finally presented the scheme to the Chicago Savings Bank with such a rosy aspect as to win their favor. They had it all worked out to a minute when we could pay it back and all planned to a I where the money was coming from. I was reading over the proposed schedule of payments just a few days ago, and it surely looked beautiful on paper. We have not done the business at all as he worked it out, but we have done it in quite as good a way if in a different one. As I intimated this Chicago