The pilot and transcript. [volume] (Baltimore, Md.) 1840-1841, 1840-10-26
EALTTmoRE REAL ESTATE SAVINGS

FuEiE uuders iged, Treasurer Of tie Baltimore Real
n Estate Institution, accordance with The wishes
nf the members presents for public eoisii ration Ie
following bIiHf atatpnen:
ist. Thi. institution was established for the purpose
Of aiinring convenient change TO the c9ninuniy ana
accommodation 10 persons OF small captsAechaEics
aud iaj1rers.
I'd. Its capital consists OF deposites made by
ber, EACH u whom is liberty 10 depoaite aiy rum he
may linS proper, na les than oSs DoiL.R per we'E
Upon this capila business Is carried On, ao each De
p0sios nj stated periods, receives, in proportion 70 i'
ntere l. iar dyidefd Of the joint profits Of The ins
luton.
81. The Inattuiicn ia7 constitution for il; gcver
i'eitunder this constitution It's officers arc tfet'i
Each deppstcr elected melnbrr and al u u u =
members have tie privilege Of examining tie DO zs
and papers of the Institution
9TH The capital of ,h'S institution was, at the com
meucenlen, comparatively sniaii has con tuernt'!
iicrtsed and is yet increasing. Addud TO real estate
which has been vested in trustee for 'he benefit o.
those concerned the institution becomes daily interested
yalrable secur Ties judgments mortgages; 'eiis upon
personal property, Sc, Sci these naturally tend 10 CIV,
il power, stability and character.
5h. Il Is believed Tia; this institution merits publ;
apprnbaliDn aud deserves the especial attention anu
support Of en OF sUalI caiIa llsfoaas aTe undcE ih'
control of board OF directors, literally working men
and who, from their situation in Gie nad BUSH. SIS, can
properly apr ciate tie wants OF their own class. un
der the dtecuon Of these directors, the funds OF The III
S;itution oied ont 10 deserving persons, chiefly III
du stnOus mechanics, upon well secured paper.
9th. The difference between this Institution and the
Larger institutions Or banks. Is, that tic banks may
looked up the iHrtiiutiolis OF e commercial class
pIssessed Of large capital. while this may BIZ regarded
Us the m ttOn Dt tile mech mic and ldbOrlng CaHsr
DOssrssed of only lm'd means. Tha Giciiuction
between banks aud Ills institution may I've furry stated
thus. Here comparatively pc man may wi conn
deiee look for assistance, while, II the same man WIRE
To Apply for dlscg2nt 10 banh he would he refused;
either because he is net known 10, in favor wills
Tie directors, betause tile auaOInt lac wants il
small that the bank thinks the Transaction beneath IH
notice; tie r0seq Is, the poor man driven 10 t'
Shaver, and Oblgei To pay from 20 10 ~ per cent.
THIS Institution j. remedy for tii.~ evil. Here al
honest industrious man may Obtain ont az lie legal
rlie of interest Ii the applicant unknown 20 ilir
tlistcIarH he will uot that uni he retl.sed tbs
board the necessary l To be- made ln ascef-
tam If the applicant Deserve he ASST OF a In
stuton aud # The rel o.: favorable, liz receives tie
aid h. asks.
It'll Envous and desig ing peTsGns, whose interest il
IL 10 industrious mechanics depending fer hiicE
mid upon brokers' shaTeTs have CXert6l Them, evt
iDr suRie time past, ure thiS institution in public
estimation. Tney Succeeded iIT CauTe Iianl
thousand liars Off paper IN be, witn week
past, presented for grdeR tton Every dollar ili>
presented has been promptly Ttdeeingu; HE conse
luence is that Institutions Instead of falling prey
to the open insIIu. attacks OF its aYurcinuS and
u-uruus feS has st0pd u; ground, aud des-Tvediy
pies liisi, place in public esteem.
etf In conclusion, the pubic, and especially The
chamic and laboring cass,s respectfully asked IL
give their rountenance and support 10 Ibis lStituiinn.
Il is prepared, and sruus To issle and advance
its paper upon good security, and wi upon accOnIo
dating terms, discount well secured notes, Judgements
aud claims OF every character ,hOwever small in amount
or extended in point OF time.
Baltimore, September q, 1910. lw &C