The Eaton Democrat. (Eaton, Ohio) 1875-1903, 1882-12-14
Building Association Notes.

II you want to a V your quarters take
stock in. the Building Association. 1t
has 131 members, $50 shares of its stock
taken, and has loaned sc, 900; every dol
lar of which is invested in orr town by
our hard working laboring men and me-
chanics. That's what makes tine build
ing boom. More of our business men
should take stock. 1t will pay. Its
membership should be doubled. A net
stock dividend of s per cent. will be de-
clared January LIST, 1883, earned in six
months. Secretary Ortt is now making
out the statement for the annual settle
ment.
The Association needs more non-bor-
rowing members. The loan demand is
increasing and next years dividend will
be higher. Col. A. l.. Harris, Samuel
Oldfather, J. w. Reed and Josiah Camp
bell are the stock soliciting committee.
The annual election of a Board Of nine
Directors for 1888, will be held at the
Association room on Monday evening,
January LIST, 1888. Polls open at Z o'clock.
AT this meeting every member is requir-
ed to be present under a penalty OF a fine
of % cents.
The committee appointed to select the
names of members for Directors under
Article 4 of the Constitution, report J.
II. Zoos, J.. s. Campbell, II. H. Farr,
John Rhea, ]. W. Reed, A. l.. Harris,
w. B. Mikesell, VIM. McCabe, Marks
Nation, Fred. Becker, Cornelius Mike
sell, w. B. Tizzard, JOS. Woerner, Elisha
Swain, Henry Rinehart, John Hilbert,
Jos. Hollander, Geo. w. Longnecker,
w. A. Campbell, Court Corwin, Nelson
Wells, C.S. Price, Andrew Black, P. M.
Small, with a recommendation that as
far as practical the old Board be retained.
DOES IT A a poor man to own stock
in the Home Aid Company? Most en-
phatically it does, both as a depositor
and q borrower. Men find no difficulty
in making money, but ninety-nine OF
every hundred find great trouble in keep
ling it. 1t is easier to put away a dollar
each week Than to accumulate SIS and
then lay it away. There are very few
men who can not spare from their earn
ings 81, OO-when deposited in the Build
ing Association they find no need of ex-
pending it for a living, but left in his
pocket he is sure to see some luxury that
he must have and the dollar is expend-
ed. The weekly deposit of $1,00 soon
accumulates enough to buy a lot worth
$50. Owning the lot and desiring to i'm
prove, he can subscribe for three shares
OF stock which will entitle him to borrow
5000. With this he can put him up a
comfortable home, and the cost will be
il he pays 10 per cent. for the money
10 cents 4 week for dues and Sill in
terest, making a total of $3.50 per week,
or $3.50 per four weeks for the 1sT YEAR,
and he has not only had a good comfort
able home to live III, bat he has SAVED
his money which is invested i'll his house.
At the end of l year he has paid $4,000
dues; on this he draws a dividend of s
per cent. for G months, being $1,56, MAX
ing $40.56 to be applied as a credit On the
$600-leaving $559.44, on which the sec
ond years interest will be computed. AT
the end of ten years he OWNS his HOUSE.
This same house, built as an investment,
would rent for So per month, and the
RENTER at the end of ten years would
have NOTHING. 1t stands then, RENTER,
NOTHING; Building Association man, a
comparable home for ten years, owner
of his home, and has saved beside in ac-
tual cash, on each month the difference
between IS and $3.50, being A cents
Don't it pay?