The House of Savings and Loan of Employees from the Gold Mining Complex of Brad of “Mica” Company (1931-1948)

Mircea Baron and Oana Dobre-Baron

Annals of the University of Petrosani, Economics, 2011, vol. 11, issue 3, 5-14

Abstract: In our study we're trying to present one of the many social projects that "Mica" Mining Company has achieved within the gold mining complex from Brad, located in the Apuseni Mountains of Transylvania. Under the motto “Be not only hardworking but also preservers because everyone can earn money, but few know how to save it” the company the managers of "Mica" Brad set up, in 1931-1932, the House of Savings and Loan for workers, and the House of Savings and Loan officials respectively, institutions that would operate until the closing of "Mica" Company in 1948. These Houses include all employees of the "Mica" Company from Brad and will circulate the funds from voluntary and compulsory deposits of their members, granting loans for the construction of houses and farms, for the establishment of agricultural holdings, for the purchase of land and agricultural equipment, for family needs etc.

Keywords: Romania; the period between 1931 and 1948; “Mica” Company; the gold mining complex from Brad (“Mica” Brad); the House of Savings and Loan (search for similar items in EconPapers)
JEL-codes: B10 (search for similar items in EconPapers)
Date: 2011
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