Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1882-03-05
5000 d


ST. So will prepay all our loans or should they
run eight years and seven mOnthS-the longest term
it has taken to mature any OF our series, the pay
ments would amount to $50, S5S-that is we should
get 81, 64 more money out of them, besides what
will be made on the fines bonuses and compromising
the interest in the mean time. 1t is believed that
$50 bonus will the amounts bid on the loans
of the 9th to 10th SERIES and $40 the Others for the
that from the time the 9th wassissued for five
years the average bonus was only SS2.3S, including
the loans on LIST, I'd, 3d. 4th and 5th SERIES while
the loans for the last few years show that out of 16
shares of the Sth loans IL shares loaned last
year at average of So and the year before II at
ST. % of the 18th at sec last year and - at ST the
year before. all of which we have credited with
bonus of $50 in our figuring. The average
bonus of the year before only 1926, which
included IS shares out of 169 of the 9Th, 9th,
7th, Sth, 9th and 10th series, which we have
credited $50 in our calculation. If, however,
to make assurance doubly sure, should credit the
maximum full average of the five years covering
these series with SS2SS, in roundfgures $780, it
would simply reduce the value of the mortgages
$451, and reduce our surplus so much The
average of 1926 in the year $780, was made by the
higher bids the old SERIES while the series
the 11th) of that year. $40 was nearer the figure of
the bonuses and in 1880 to 49, $685. the average
I know of no safer test of the value of our stock
being correct of any safer rule to prove the SOL
veney of our association. than thus to sft all the
hctions out of bonuses and book values, and
what can realize in cash out of all our loans and
other assets, if members should elect to prepay
their loans, compel us to foreclose them; and the
twelve years through of the most severe crises
which this country has ever experienced, and ma
turing and paying off half million dollars of our
stock, using in actual cash over $780, 900 to pay
Withdrawals of stock in the five years ending Sep
TENDER $780, besides making nearly 5000 900 of loans
in the last five years, able to present to the
public clean balance sheet with abundant means
to pay all owe with credit. gilt edged with our
banks for all we ask, with stock at premium and
demand exceeding supply, in short with a success
which places us abreast at least with the best ascot
atoms in the land.
$780, 600 of stock redeemed and paid off by
loans paid Withdrawals up to September list 1881.
And up to the date of the issue of this report,
March 1882, if we include the 9Th series maturing
with the March payment. the figures will be $685.
Goo We used in our fifth year about S. 600 cash for
Withdrawals of first series stock at $50 to $40 per
share 9Th year 49, 900 for first series SO4 to 1884,
It'll year S2500 for first series at S137 to S165; Sth
year. S 500 for first series at $40 to $685. 9th year.
$50 for first series at $500; second, S1S4 to $780,
10th year. $40 900 second series at $780, third at Sill
to $3.50; fourth at $780, fifth at s1OO60; 18th year,
SIS 800 for third series at 5000, fourth at S59 to
$3.50, fifth at S12150 to s1265o sixth at S1O7 18th
year. Sc 49, 20 for fourth series at $780, sixth at
$115.sS to 133. IS; seventh at $50 to 1870