The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-11-12

KKT ESTERN FRANKLIN SAVINGS INSTITU-
w TION-REPORT TO THE MEMBERS OF
THE .9SSOCLATTON-Y0 are aware that the legiti-
objects of this Institution to encourage
wing disposition amongst the members, and 10 give ia
city in diEcounng the small notes received by them in
the course of their business.
In presenting the half yearly OF the Insttu
ton, we would avail ourselves of the occasion TO con-
graduate you upon its steady increase, which, from
small beginning in 1882 has already hundred and
seventy MEMBERS and deposits Tor capa to the
amount of fifteen thousand dollars
In proportion TO the increase of the deposits, have
been able TO extend the discounts, which average
from fifteen hundred to two thousand dolars per week.
This has been effected with advantage both to the mem
beers and the institutions from the exercised by
the Board of Directors loss has been sustained any
note discounted
Agreeahy with the resolution of your general meeting
in Oct 1885, the necessary arrangements made to
issue supply of small notes. for the of the mem
bers and with the view to being at all times prepaet0
redeem them. You will perceive by the annexed ac-
count that large proportion of the proceeds has been
invested in notes payable at ten days sight, well secur
edwhch be realized az pleasure; and thus the
Institution stands daily ready to redeem every obliga
tion presented
In making hall yearly dividend of four per cent the
Institution will be retaining handsome surplus as
contingent fund, ameasure we think you will unite with
The Directors in considering of prudence during
the continuance of the issue of small notes.
"' ''' JOHN RoTHRoCE, President.
JAMES DIXON, Treasurer.
Baltimore, Oct 81, 1910.
Statement ofme accounts Of The Western Fcenshn So
CIRcuLATIoN AccoUHr.
By discounted notes payable at ten
days. sight, secured by City and Bank
Bank, sl4,59c 90
By notes discounted for members with
approved endorsers, l5,Oo9 W
By cash on hand, 5,fej "
s34,lO5 81
oF- Ill L.
iati"n Sent 30, l7.4l -
Balance in favor of the InstitStion, Sl6,654 "
GESERAL Aoeousr.
BY balance belonging to the Institution
above, Slo;oef ~
To amount due the members for depo-
sits being the capital of the Institu-
ton, hof3So %
To balance of profit and loss accounts
for profits realized, l,433 81
Sl6y664 -
As committee appointed by the members of the
Western Franklin Savings Institution, to examine us
affairs for the six months ending Both September, va
beg leave submit The foregoing exhibit, which, upon
careful and thorough investigation, we find to be cor
rect; and furthermore believe the funds OF inc IN
stitution TO be judiciousy invested.
The Committee take pleasure in according to the ON
of the Institution their expression OF entire conn
dence in their integrity and ability and great Iesau of
the interest committed their All OF which i
MICHAEL. WARNER, Jr.
JABEZ NJ. GILL,
JOHN w RINGROSE,
JOHN G.. TURNER,
nolO THOMAS l. DAI.AM. q
- OMETHTNG NEW!-CARD PRINTING, Oh
y the newly improved patent FLY PRESS, caPabie
of printing 5000 Cards per Honr, At MURPHY'S GEN
ER.7L PRINTING ESTABLISHMENT, No. 14t
Market street, few doors below the Bank of Ba
more. The undersigned. DESTROYS of affordng the c
zens of Baltimore the facilities that enjoyed In