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Manhunt for a Guest of Honor

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Newspaper Clipping:For the dedication of the historic location of the first Building & Loan.Search for a descendant of first loan recipient "Comly Rich" to represent him at the ceremony.
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Saturday, October 4, 1947 THE EVENING BULLETIN, Phil Descendant of Comly Rich Sought for Manhunt for a Guest of honor— Dedication of First B & I Loan House W ANTED: A local descend- ant of a lamplighter named Comly Rich who lived here more than a century ago. He's being sought by the City Business Club, to take part in some elaborate ceremonies a couple of weeks from now. An Intensive search is now under Way for an eligible Mr., Miss or Mrs., according to Robert R. Hell- yer, preident of the club, who has asked Philadelphians' co-operation. Comly Rich, Hellyer explains, had the distinction of being the first person in the United States to purchase a home with money bor- rowed from a building and loan as- sociation. "That happened in 1831, in the borough of Frankford, now a part of Philadelphia," Hellyer said. "It was the birth in this country of the idea that a man could buy a home through small monthly payments. Up to then banking practices were such that the average man had lit- tle chance of owning his own place." The house which Comly Rich purchased still stands, at 4276 Or- chard st. It is to be dedicated as a historic shrine on October 17 dur- ing the convention here of the Pennsylvania Savings and Loan League. League officials would like to have a descendant of Rich present as a guest of honor at the dedication, Hellyer said. "Philadelphia can be proud of having been the birthplace of the savings and loan idea," Hellyer said. "It's another 'Philadelphia First,' proving once again that our city has always been in front with progressive ideas." . . U LITTLE IS KNOWN about Rich, according to Paul C. Applegate, executive vice president of the Pennsylvania Savings and Loan League. A few traces in church and city records provide the only facts that exist. He was the son of Woolery Rich, a farmer and storekeeper living near Frankford, and was born about 1795. His father died when Comly was in his 'teens and the boy was apprenticed to a comb-maker. He worked in a factory in Frankford, and later held down Jobs as the borough's lamplighter and as a member of its "watch," or police force. In 1831 he became a member of the first building and loan association formed in the United States and was the first in- dividual to whom it made a loan. With it he bought the Orchard st. house. In 1836 he gave up the house and moved to Philadelphia. He ran an eating house for a while, then gave it up to become an exchange broker. A year later he was back at his old craft, comb-making. in a shop in the rear of 15 Meade st. >. He is believed to have died in 1842 FRAGMENTARY ACCOUNTS show that Rich and his wife Char- lotte had several children among them a son William and two daughters Mary Louisa and Emi- line. lary Louisa married Charles R. Bowman in 1848 and Emiline mar- ried William Henry Heimbold in 1864. William, according to old .. : . church records, married and had . . . . . at least two children. One was a . . girl baptized Kate Fulmer Rich . . . . and another was a son, Comly— . . named for his grandfather. The . . . Philadelphia Public Ledger noted .... . . the death of this Comly on August . 16, 1883, and a year later recorded . .. that letters of administration in . . his estate were granted to Kate . . . . Rich. "That's all we have to go on," Hellyer said. "It's not much, but we're hoping that someone may ... . recognize the name of a grand- ......................................................... parent or great-grandparent and get in touch with us." The Orchard St. house is at pres. . . ....................................... ent occupied by Mr. and Mrs. John . . . . .. P. O'Hara. Mr. O'Hara is employ- :. . ed at a local dye factory. The convention of the Pennsyl- . . .. ................. .........; . . '... vania Savings and Loan League on October 16-18 will be attended by I . approximately 1,000 delegates from . various building and loan organ- ................................................ . ......... izations throughout the State and . .... ........ by municipal and state dignitaries, according to League officials. vention headquarters are at the . .............. Penn-Sheraton Hotel.... HISTORIC HOUSE— Building at 4276 Orchard St., Frankford, result of first U.S. loan by a building and loan association in 1831, is viewed by David E. Tries- ter, in dark suit, chairman of a committee seeking de- scendants of original bor- rower, and Robert R. Hell- yer, president of City Busi- ness Club. At left, Mr. Hell- yer peeks into a closet as Mr. Triester examines fire- place once used for cooking
Transcript

Saturday, October 4, 1947 THE EVENING BULLETIN, Phil

Descendant of Comly Rich Sought for Manhunt for a Guest of honor— Dedication of First B & I Loan House

W ANTED: A local descend-ant of a lamplighter named Comly Rich who lived here

more than a century ago. He's being sought by the City

Business Club, to take part in some elaborate ceremonies a couple of weeks from now.

An Intensive search is now under Way for an eligible Mr., Miss or Mrs., according to Robert R. Hell-yer, preident of the club, who has asked Philadelphians' co-operation.

Comly Rich, Hellyer explains, had the distinction of being the first person in the United States to purchase a home with money bor-rowed from a building and loan as-sociation.

"That happened in 1831, in the borough of Frankford, now a part of Philadelphia," Hellyer said. "It was the birth in this country of the idea that a man could buy a home through small monthly payments. Up to then banking practices were such that the average man had lit-tle chance of owning his own place."

The house which Comly Rich purchased still stands, at 4276 Or-chard st. It is to be dedicated as a historic shrine on October 17 dur-ing the convention here of the Pennsylvania Savings and Loan League. League officials would like to have a descendant of Rich present as a guest of honor at the dedication, Hellyer said.

"Philadelphia can be proud of having been the birthplace of the savings and loan idea," Hellyer said. "It's another 'Philadelphia First,' proving once again that our city has always been in front with progressive ideas."

. . U

LITTLE IS KNOWN about Rich, according to Paul C. Applegate, executive vice president of the Pennsylvania Savings and Loan League. A few traces in church and city records provide the only facts that exist.

He was the son of Woolery Rich, a farmer and storekeeper living near Frankford, and was born about 1795. His father died when Comly was in his 'teens and the boy was apprenticed to a comb-maker.

He worked in a factory in Frankford, and later held down Jobs as the borough's lamplighter and as a member of its "watch," or police force. In 1831 he became a member of the first building and loan association formed in the United States and was the first in-dividual to whom it made a loan. With it he bought the Orchard st. house.

In 1836 he gave up the house and moved to Philadelphia. He ran an eating house for a while, then gave it up to become an exchange broker. A year later he was back at his old craft, comb-making. in

a shop in the rear of 15 Meade st. >. He is believed to have died in 1842

FRAGMENTARY ACCOUNTS show that Rich and his wife Char- lotte had several children among them a son William and two daughters Mary Louisa and Emi- line.

lary Louisa married Charles R. Bowman in 1848 and Emiline mar- ried William Henry Heimbold in 1864. William, according to old .. : .

church records, married and had . . . . .

at least two children. One was a . .

girl baptized Kate Fulmer Rich . . . .

and another was a son, Comly— . .

named for his grandfather. The . . .

Philadelphia Public Ledger noted .... . .

the death of this Comly on August .

16, 1883, and a year later recorded . .. that letters of administration in . .

his estate were granted to Kate . . . .

Rich. "That's all we have to go on,"

Hellyer said. "It's not much, but we're hoping that someone may ... .

recognize the name of a grand- ......................................................... parent or great-grandparent and get in touch with us."

The Orchard St. house is at pres. . . ....................................... ent occupied by Mr. and Mrs. John . . . . .. P. O'Hara. Mr. O'Hara is employ- :. .

ed at a local dye factory. The convention of the Pennsyl- . .

.. ................. .........; . . '... vania Savings and Loan League on October 16-18 will be attended by I .

approximately 1,000 delegates from .

various building and loan organ- ................................................ . ......... izations throughout the State and . .... ........ by municipal and state dignitaries, according to League officials. vention headquarters are at the . .............. Penn-Sheraton Hotel....

HISTORIC HOUSE—Building at 4276 Orchard St., Frankford, result of first U.S. loan by a building and loan association in 1831, is viewed by David E. Tries-ter, in dark suit, chairman of a committee seeking de-scendants of original bor-rower, and Robert R. Hell-yer, president of City Busi-ness Club. At left, Mr. Hell-yer peeks into a closet as Mr. Triester examines fire-place once used for cooking

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