Evening star. [volume] (Washington, D.C.) 1854-1972, 1884-11-22


| planned enough pleasures to keep him going fol
| another century or SO. He proposes to write {
book Of his life this winter, and also to make
pedestrian journey to the New Orleans exposition
He says he is ready to walk 1000 miles agans; any
! man OF his age in the world.
| Equitable
| Coop erative isuilding Association.
THE FIFTH ANNUAL REPORT OF THE PRESIDENT, THos
SoMERyILLE.
At the fifth annual report OF the Equitable held
this month, the president submitted the following
report, making a excellent showing viz:
! 1.-The Association the past year has met with con
| tinued prosperity. The transactions have largely
| increased and the results have peen exceedingly
satisfactory. The object Tor which the Association
was organized mas been successfully and practically
] Carried out, viz: TO encourage monthly savings
with fair and profits. and to make advances al
| terms.
| From the report of the secretary It will be seen
| that- the receipts the past twelve months have
/ Deen 1881 .03d6S, an increase over last year OF
Sl3s. %, making the average m0nthly receipts
81. 5iSO, and the total receipts Tor sixty months
ending October -. 1881, 81 0lO3,3 TO- The actual
assets are SIa7 957 81 an Increase the past year OF
$li3.a4Ls7, or an average monthly increase OF
/ S1i,G45.l4
| This accumulation is the result OF small regular
monthly savings with earnings. We believe that
! so favorable results could not have been effected
/ Oy any other than our systematic method Of saw
lng- This is maintained by the EQUITABLE and de
1nonSfrated 10 be true by the growth ana success
| OF the Association, rs shown in its reports.
There has been but slight increase in the aver
age premiums the past year. The Association
therefore, has been enabled to mike advances to
shareholders at nearly the ruling rates OF interest
loans bring outside. with far less expense and uDon
more advantageous terms. This has produced fair
ana reliable profits OF little over per cent. So
long as the Association advances money at fair
rates OF interest and produces fair profits, the
| benefits and advantages remain mutual and salts
| factory TO all the shareholders.
On withdrawn stock Si,733O6 interest has been
/ D1l! the past leaving prOfir In aypo
| Ing to $50, 1850.
There are but 2Is2 shares left that can be issued
IL will probably be necessary after the Stn issue is
made, to hold special meeting OF the Association
10 amend the constitution. if IL is concluded TO ll-
| thoriZe the 9Th issue in May, 1885.
Inc amount advanced 10 shareholders has been,
since last report S6400o, or an average OF s2a OG
every month. The tota! advances at this date i'm
force are s47 II for which the Association holds
unencumhered real estate, of our own value, OF
over $4,000, or 80 per cent margin. BY this sys-
TEN or monthly repaymcnts of advances. with the
premium or interest, the principal OF course con-
stantly grows less, and the ma rein ana security In
creaaes; making the greatest possible safety and
protection that can be secured To illustrate
more plainly and conclusiyeIy, the FQUITABIR has
mace advances TO 5i2 OF its shareholders amounting
to S1i9.6G0 Among these there has been Int one
ment sufficient to Obiige the Association to recover
by sale under the deed OF trust. These facts put
lcftn ana comment upon as proof OF the practical
AID, beneft and advantage furnished Shareholders
either saving money for future use or investment
VI tbtEOH!li~ money 10 pay 1Ci property. &c.
The constitution requires. and the officers and
directors have earnestly endeavOred 10 keep all the
funds received Invested and in use This is n wise
ana important requirement and gives strength to
the Association and naturally secures maximum
security and healthy condition OF affairs In the
last annual report there was SiST shown 10 be on
nand ana In the pres mt report SI3.4f on hand The
average monthly balance on hand during the year
has been s1,So63s, While s3s1, 057.fS has been re-
GeIteu anu ulSoursed whenever any considerable
balance Il on hand at the end OF the month"; 1t Is
caused by the title OF the security proving defec-
tive, or the security being otherwise insufficient
During the year unusual financial disturbance
and depression have been experienced tbrnuuhout
the country, commencing with the bank failures in
New York and In consequence general iack nj cor
Edence prevailed. Heavy demands were made upOn
the banks BIZ dcpo5itOrs and loans were contracted
anu new ones refused During this time Willie the
"iihirawl5 from the Association were larger than
usual ana were promptlypaid OF principal and earn
,iCCUTdlnStO the rules of theASSociat.Op not less
than S25,CcO OF advances were awarded and paid
Increased CORES pOndiDgIy
Many OF our shareholders In purchasing property
have felt that they have had reliable protection in
securing correct valuation good titles and proper
papers, by having t pass through The Association
knowing the Association VIII rot advance money
tlcuiar ample ana correct.
In closing, 1 Consider it my duty, and It IS very
gratifying Tor me. 10 again bear testimony TO the
prompt and faithful manner In which the Officers
directors and committees have discharged their
various duties. The average attendance at the
meetings OF the board has been over twelve. one
member was absent from three meetings, and three
members from one meeting each.
THOS. SOMEIvILLE, President"
Inc oneerS for the ensuing year are: Thomas
SOIerVile, president; DR.. A. j. Schafhirt first vice
president; Geo. W. Castelar,, second vice president;
gh2 JOY Eison secretary and Benz. F. Fuller, IL.
Ellis Spear, Ros A. Fish, Frank G. Middleton Geo
~ darkness and Geo. ". Fisher. directors Sub.
scrption books for stock In the Sth issue are
no" open secretary's Office, 9i7 ST. n. W.
Romance OF a Poor Young Man.
e Y
RETURNING HOME RIcH
When King kalakaua, the dusiiy sovereign OF the
sandwich Islands, visited this city three years ago
he was accompanied by Mr.. C. r. Bishop, his grand
chamberlain. Mr.. Bishop who is an American. is
/ now about to return to his native land, where
/ grand chamoerlains are not known, to enjoy the
wealth he has acquired. His story Is fun OF In
| terest. He was native OF Sandy HILL Washing
ton county. N Y, but left that place In 1918 with
| EiWaTd Lee. They were young lawyers and the
! vessel on which they were going TO San Francisco
put IN mt Honolulu, where they were introduced 10
| the king. The latter was rcorraniZnp his govern
nent and, perceiTing that the two Americans were
lawyers OF ability. lie begged them TO remain ami
assist hlm, aud they consented Mr. Lee was APP
PORTED chef justice OF tie Sandwich Islands aIi,
r. Bishop was offered and accepted the state port
folio. Lee died In thfS city some years ago after
haYin5 become celebrated as a Jurlst. Mr.. Bishop
held several important Offices besides that OF secre-
i tary OF state and grand chamberlain. among them
!hat OF rscneral lie married Princess Ruth
| the last Of the line OF kamehamehas and al her
| death became the possessor OF an Immense prom
erty. Mr. Bishop is about TO dispose OF his vast IS
| late, ana return 10 the scenes OF his childhood
| SoIREE OF TIE NATIONAL RIFLES CADETS
The National Rifles cadets gave their first soirec
| OF thtS season last night at The armory hall A
large number OF young people were in attendance
ana me dance was great success as Is always the
/ case Win those OF this popular organization The
| nail was handsomely decorated, the pfi1e banners
| won by uoth he parent body and the cadets De,nQ
| displayed Mr.. T. Arthur Tomlinson acted as door
| GlIeetor, assisted by AesSrs. Lee b. Mosher, L. A.
| Johnson, Felixium Mahoney and Samuel Edmonds
! Inc executive committee Is composed OF Messrs
| frank ~ Hopkins. chairman; c. s. Doner Arthur
| Arthur TCmiinSon. -
| CHANGE OF DATE TO AN IMPORTANT S.rrpv
I, reference TO the Auction Column it win no SEQ,
that the date OF sale OF the effects in the Butte
Mansion has been changed from Monday, Deem
! Der LIST To Friday, November 18th, 1854