The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-10-27
REAL ESTATE SAVINGS
INSTITUTION.

FHNTAB Undersigned Treasurer Of the Baltimore Kea
| n Estate Institution, in accordance with the wishes
of the MEMBERS presents for public consideration the
GLOWING blief statement:
LIST. This institution was established for the purpose
of afording convenient change TO the community ana
accommodation to persons Of small eapital-meehanies
and lab0rers ----
ID Its capital consists of deposites made by its
her. OF whom is at liberty depose any sum be
may nnk proper, not less than ONE DOLLAR per week
Ipon this capital business is carried on, each DE-
pO.itnr stated periods, receives, in propoTlG to has
ntere l. far dividend Of the joint profits of TIC inst
tuition.
81 The institution has constitution for its govern
.eut-undcr this constitution its officers are eestzI
Each dcpusitor is an elected member, and al all IeS
have the privilege OF examining ths boaks
| aud papers Of the institution
4tlI The capital of tins institution was, al the c'
mencencut comparatively snIall-it mas CONSIDERABLY
iHrreascd and is yet increasing Addudto real esiase
which has been vested in trustee for the benent OF
those corcerncd the institution becomes da1y teIetee
in vauae secu Ties, Judgments, mortgages, IeiIs uIne
personal property, &c, Bel these naturally tend TO give
II power, stability and character.
18th. II il believed that this institution merits public
appreciation, aud deserves the especial attention and
support OF men Of small capital It's funds under the
cOtrO OF board at directors literally working Isns
nd whO from their situation in lite and business, tan
property appr ciae the wants Of their class. I'm
der the direction these directors, the funds of the
s,ituton loaned out to deserving persons, chiefly IA
dustn0us mechanics, upon well secured paper
9th The difference between this institution and the
larger Institutions, banks, Is, that the banks may he
Yssessel OF large capal while this may be regarded
as the Institution NJ the mech mic and lab0ring classps
Possessed only very limited means. The dlctIneua
baIyecn banks aud this institution may he fairly stated
thus Here comparatively pon man may with ctEu6
denee hook for assistance while, il the same were
TO auply for Discount banh he would be refusedS
ellie because he not known to, HT in favor with
the dIree OTs. or because the amount he wants Is
s. that the bank thinks the tfansaeusH beneath Iis
notices the consequences is, the poor man IS dVen TO thG
shaver and obliged to pay tTom 20 TO 80 per cent.
This Institution is remedy for thus evil Here an
honest industrious may obtain IL 'unt NJ tie isgat
rate of interest Ii the applicant unknown 10 inc
directors. will not on that a. aunt DE reiised the
board the necessary n1 70 DC mane 70 aseeE
t, If the apnlicart deserve lie asst lance of the In
sution aud if the rel OFT he layOrahIe he reeeYes4he
aid 4. asks,
It'll Envi0us and designing PERSONS whose interest IL
10 sec Industrious mechanics depending for tinarEd
aid upon brokers' shavers, have exertcd themselves
for some time past niure this Institution in public
estimation. They succeeded tar To cause many
thousand dpars otits paper TO be, within week or
TWO past presented for rrdemriiOn Every dollar thus
| presented has been promptly redeemed; the
auence IS that the institution, instead of falling prey
10 The omen attacks OF Its aVarclOus ina
usurOus ieS has boSd its ground ana deserVedy OCe
pies high place in public esteem. rr.a r-.
slh In conclusion, the pubic, and especially The e
ciac and labnring classes are respectfully afked -
give their countenance and support t0 his institution
Il is now n.enared and srous TO issue and advance
ts NAPIER upon good security and will upon accomine-
Iang terms. discount well secured notes, JudgiSrnts
and claims every character however small III amount
or extended in point of time.
HENRY BAKER, Treasurer.
Baltimore September %, 1910. lw oc