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

dempion Of stock, against $50 600 to 27500 in pre-
yious years. And instead of the usual deellne every
series has either about held its own with tne series
| before it at the same age, or has actually made
| a gain. The 9th alone has made the usual decline
| and takes two months longer to mature than the
4th. The 9th, instead Of falling behind nine dollars
per share as the 5th did behind the 4th year be-
FORE falls only 81 cents behind, which is striking
gain The 7th instead of declining three dollars
declines about one dollar. The 8th instead OF de-
clining 11100 dollars declines 60 cents, The 9Th
instead of declining 1927 declines nothing, but
makes gain of Sl.34. The 10th gains over the 9Th
Sth and It'll SERIES and is almost on par with the
9th The 18th and 18th, like every series the hrst
and second years, show small GAIN but are very
nearly on an average with the 10TH 9th Sth 9TH and
9th Like most natural vegetation, all the stock
grows slowly in its early stages but as soon as 1t has
interest of its Own and begins to feel the enect OF
the monthly compromising of interest and bonuses,
there is marked increase and greatly accelerated
growth-the latter years making up for the slow
growth of the earlier years.
On the whole them the table gives a promise that
our association has touched bottom the declining
plane, and will hereafter continue to gain, and
probably be able to mature its future series In even
less time than its past 1t has had no mortgages to
forecose for several years past. 1t Is not encum-
bered with any real estate worthy OF mention (saes
since September having nearly closed out the last OF
it,
it has no maturing shares to redeem at high
prices, as the stock account shows. Our loans the
first five months of the present year SeptembeI 1881
to JAM 1882 we're SOS 500 equal to exceeding the
loans of the entire years 1877 1878 and 1879 and IN
the month of January alone we loaned S12,2Oo
Our bonuses are good, and have minimum limit
of SO share fixed by the bylaws. Besides these
large loans, during the same i've months we re-
deemed a large amount OF stock IN advance, OF the
sixth and seventh series, paying cash therefor to
the amount of SIS, 95319. These facts are given to
show that the great improvement commenced last
year continues with an upward tendency, and only
needs the assistance OF every member OF the assocl
alton to sustain it, and mature the stock and pay
off the loans in a reduced period hereafter.
FEW CLOSING WORDS TO EVERY MEMBER.
What is wanted of every member to hasten the
maturity of his stock and shorten the time for pay
ing off his loan is to bring in new members to take
our loans Stock of the issue of September last is
reserved for this purpose, and can be had at any
meeting and paid for out of the loans. With a
bonus Of $40, five shares give net loan of $780,
after paying for back dues on the stock iii taken
when or months old) $500. If the stock natures
in eight and onehaf years from September last, the
borrower paying back $40 per month for say 80
months pays back $3.50 for the net 5000 loan. If he
had borrowed the same 5000 at per cent. for eight
years he would pay back the $500 and $4S per year
for eight years, (S4SxS=S384) 1884, or a total of
1884, SO that his per cent loan would cost him $24
more than loan from this association at bonus OF
$40, with So So years run from the issue OF the
stock September, 1881. This is fair and reason
able loan then, which any member can honestly
recommend his friend to take for besides paying
less for it, he can pay it in small monthly sums with
the comforting reflection that he is getting out Of
debt every month, while with eight per cent
loan, he is as much in debt as ever at the end OF
eight years. Almost every member knows OF a
friend who is paying rent enough every month to
pay for home of his in this way of friend
who is wasting 5, 10 or 15d dollars per month, which,
if laid aside a few years, and then borrowed on
(Which we allow in this issue of stock would give
him home. You will not only do benevolent and
useful act by inducing that friend to join our asso-
citation, but you will give great aid and heathful
impulse to your own stock, and hasten its maturity
and the payment of your loans. The secretary and
directors cannot do this work It is the work of the
members We can do our part to the extent OF our
influence and advertise for loans but this has
a friend Help others and you will help yourselves.
Trusting that every member win heed this sugges-
tion and that the ensuing year will as it promise
be the most prosperous of all the thirteen which
have marked the successful career of the Number
Association,
I am, very truly yours,
J. W. MCCLUNG,
Secretary.