The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-10-21
REAL EyFATE SAVINGS
INSTITUTION.

FE7EHEs Endess sned Treasurer Of e Baltimore Read
n Estate Institution, in accordance with the wishes
of the meRers presents for public considerations The
following biief statement:
LIST. This institution was established for the purpose
OF ahordlg convenient change to the community and
accommodation to persons of small capitai-Raechanies
and laborcrs
3D. It's capital consists OF deposites made by its mem
bers, each OF whoEa liberty to depose any sum he
may think proper, not less than ONE DOLLAR per week.
LpOn this capital bnspess Is carried on and eeh do
positor, stated peyeds, receives, in proportion to
interest," fair divdeRRiof the joint profits of the instr
luton.
3D. The institution bsga constitution for its govern
sent under this constitutions its officers elecpds
Each depositOr is elected n4enber and all timeg
members have the privilege Of examining the bOsrE
| and papers Of the instiIutieni
4.h, The capital of this restitution was, at the
menceRent, comparatively sIhsi--it has considerably
increased, and is yet increasing, Added TO real estate
which has been vested in trustee Tor the Deneh oS
those concerned, the institution ecemes daily interested
IN valuable secur ties, udgmeDs mortgages liens upon
personalpropeIty &c. &c; Internationally tend 70 give
| it powcE, stability and character.
5th IBIS believed that this lus,itaon merits pubkE
approbatsny and deserves the especial attention and
support Of men of small capital. isfnds under the
control of a. board of directors, literally working meHs
aud who, from their situation in life ard BUSINESS
properly appreciate the wants OF their class Uu-
der the drecnca of these direcors The funds Of the in
sluton Oened out to deserving persons, chiefly ~
dustnous mechanics, upon well secured paper.
9Th. The difference between this Institution aud the
larger insttuteHs or banks is, that te banks may b
POSSESSED OF large capital while this rshy he regarded
the Institution Of the mechanic and laborng cIasses
POSSESSED OF osln very limited The dictncti0n
between banks sBd this institution may be fairly stated
thus Here a comparatively poor man may with conf
dence look for assistance, while it the same
20 apply for dseeSRt bank he would be refusedS
either because he is not known TO- or w favor with
tie directors, because the amount he wants s
sr4a that the ban thinks the transactSn beneath ia
notices the consequence is the poor man Is driven 70 ha
shaver, and oblgel to pay from 20 to 20 per cent.
This Institution u remedy for this evil Here an
industrious may obtain discounts at the Legal
of interest If the applicant 80 unknown 20 the
directors, he will that ;tsFunt be refnsed the
board the necessary inf to be made TO aseer
tam the applicant de9eTvGs lie assi stance OF the In
steGon and the report be- lavOrable he receives the
aid h. asks.
eth. EnviOus and designing persons, whose interesst
industrious mechanics depending for financial
aid upon brokers shasers, have exertcd themselves
for some time past 1nlBTe this institution in public
estimation They succeeded so Tar as 10 cause many
,hOSad dollars of IT'S paper ta be, within aweek
ao nast presented f=redem .tion. Every dollar hus
sseee is that the Institution, instead of falling prey
e lle open nsIOus aEidcks of its avarici0us and
szir0as foes has stoed is ground, and deserve7iy oec
ries high place in public esteem
s4. In conclusion, the public, and especially the
cane and abOring classts, respectfully asked Tn
Va their countenance and support 10 this Institutions
Il isnow prepared and q, sirous TO issue aud ADVANCES
itypaeer upon good secCry, and will, upon accOmms%~
TERMS discount well secured notes, Judgements
and CLAIMS of every char2eter however small in anounc
HENRY BAKER, Treasnser..
BsJGaOre, September -, l540. lw 0e6