The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1884-03-27

TIE ECONOMY BUILDING ASSOCIATION, "
The object of this Association will be 10 ec.
able lis members to provide homes Tor Them.
selves by obtaining money ut lawful rats oil
interest, and upon terms suited to their abil.
ity to pay both principal aud interest.
"A, shars will represent $lc0CO, and the
weekly dues required TO be paid thereon is %
cents. Any member borrowing will receive
the full as.ount for which note is given. En-
will pay interest only on the actual amount Of
money received. gzIs 80 -,
This intereht on share representing $50 90,
al psr cent. per annum Is $3.50, or is cents
per week; hence, tho weekly payment On one
borrowed share would be rs cents for dues
and 10 cents interest, making total OF 40
cea'a week, aud auch weekly premiums as
may be bid lor precedcncs IL taking a loan.
Any share holder who may want TO with.
draw before the end OF the Association. can
hsye the amount be may have paid ref0 oded
at eny time, sand after the frs. wear will
receive Interest on DISBURSEMENT ut the rate
OF o percent; and after two years par, OF The
earnings. II shares have been borrowed ont
the member eau refund to the Association The
actual amount of money borrowed, and atom
the interest aud premium on IL; and can the,
carry the stock In the A:lociation, or with.
draw 1t upon tho came terms as though II
had not been borrowed out, - q"
Tne unsatisfactory feeling which hp1 here.
toiose existed with the fundamental nrinci.
pies governing Building Associations. are. in
the main, due to one or all OF the folio wing
cRuset: Ha5 Q Q
FlEsr-The plans have been SO complicated
that none bat experts have been able TO mn.
derstsud them. -'.,-s;, -sI7',-'''' - -"
sEcoND-The rats Of interest under the old
System has been TOO heavy a tax on tina bor.
rover, resulting IN many cares in disaster.
THlRn-Fhe exhorDit mt rate of interest
charged has deferred members from bo,row.
Ing money, and the result has been the accu.
mutation OF money In the treasury Of tia
Association. which had to DO awarded to
members who did not want 1t. ~ =
10 remedy all this the Economy proposssa
pau eauitaole IN al its features. and 10 sim.
pie that peraon OF ordinary INTELLIGENCE can
underestimate. Its rate Of interest will be In
exact accordance with law, being q nerc S NJ
per annum on the actual amount Of ,nonav
loaned. and the solicitors lees, which havs
seemed high to perRonn wanting TO bertow
ANAL amounts, will be paid out Of the earn.
inss OF the association, aud not be a tax on Ina
borrower; hence, no difficulty is likely to be
experienced in finding borrower; but should
II ever become necessary to award money. Il
will be at 80 late period that psraon not
wanting to borrow can Withdraw, and ret in
addition to tho capital an equitable prSpor.
ton OF the earnings Of the association up 10
the time Of withdrawal. NH - Z y -. -
Attend meeting at No. 1896 Market street
up I, sia'rs) on Saturday, March 20. 1884, at
O'CLOCK = NJ, or apply to any OF the under,
signed for torther information. y = 4
]. F. MILLER, J. +. HAyzs 81
LouIl HAErToNs, WV. Gorn1Sa
G.. d: MORGAN, OscAR s,Enpncv
W. O, HANDLAg, P, 3, Dour,ys
FRANK FALlouRE, Patrick SuARk.y.
TTh&a WI. W. CowpEs.