Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1885-02-28

resent IA vel. %; $50 on ."e Toe
ne courct,;. bat rncy .dn lot II"
rnas. Il iur SH nc!. ! -.''s'
iroin Us n:-AniZ Z.'i"'' -. IA -."."
he paii u rlil ant. the ;'-.1,lat...'.
then wind up lis career. u. -. =
present time laa:s 10 the anon. Il
sl2l,OUO have been placed. of wi n
sum abcnt sc Geo was taken d;'
1884. With this money forty five ho'
have been erected IN a!i eciion> q: 40
city, being of The average value of
$500.
Only thirty shares have been snrren-
dered SO far, and the owners received
from the association al the money they
had paid on their stock, together with
iis percentage of all The profits of the
concern excepting only interest earned
on money paid or the stock during the
ii st two years Of the associations hSe-
fuiness. AS rule, two loans arc made
every meeting night.
LAFAYETTE MUTUAL.
The Lafayette Mutual Building AS
sociation was organized in 1878, under
the corporation loan and building law,
with an authorized capital OF 81 ,OOC..
600. 1t is now working under its ,li,d
series, having charter for fifty years.
About S5O0,OO0 Of stock has been is
sued in shares of $1,000, held by 200
members. The monthly dues Oh each
share are S5. This association differs
from those organized under the new
law, in that it does not exact ''prem-
iuu' for the privilege of borro wing, as
that right is conceded TO any member
who agrees to pay s per cent. per
annlm for the use OF his money. 1t is
estimated that the loans tor 1881
amounted to S75,0UO, with which
twenty dwellings were erected by bor-
rowers in different sections OF the city.
THE LACLEDE.
The Laclede has capital stock Of
81 800 shares Of 500 each, on which
the monthly dues are 81. On each
share $42 has been paid to date. Pro-
tits that have accrued to the association
in the meantime make each share of
the present value OF $50. Within the
past six months loans 10 the amount of
$4,000 have been placed With this
money six new houses have been built
and membranes removed from sever
al homesteads. The new houses have
been built in tho northern portion Of
the city.
MISSOURI MUTUAL.
The Missouri Mutual has a capital
stock of $4,000 represented n 81 800
shares Of the par value Uf $500 each,all
of which have been taken. 1t is a little
over year old, having been organized
in September, 1888. The first year
S4l 900 was loaned members, at the
end of which time the net resources
were put down at S32 1874 30. Each
share then cost its owner Sl2, and his
interest on that amount was S7.8 cenIs,
making the value of each share $l2 81 8.
Premiums in this association average
20 per cent. During the past half year
S2l 900 has been loaned 10 members.
With this money four fine stome-frOnt
residences were built OH Garfield ave.
nue, west of Grand, and 9th RS have
qeen built in the western portion of
the city. In q period of seventeen
months as many dollars have been paid
on each share, and that money, with
accrued profits, makes each share of
the value of Sls so.
HOME MUTUAL.
The Home Mntual-is a new associa-
ton just getting under way, with
| capital stock of $500 900, divided into
2 500 shares Of 1900 each, on which the
monthly dues are 81. 1t is expected
that this association, like others COLI
Quoted Oh the same plan. will mature
in about eight years.
| MUTUAL BENEFIT.
| The Mutual Benefit mas capital
stock of s500,O00, divided into loo
shares OF $500 each, OH which the
monthly dues are s. so. The secrcta.
ry estimates the amount of loans for the
past six months at $4,000.
MECHANICS MUTUAL.
This Is the youngest association in
the city. having only been organized q
little over two months, yet its capital
stock of 81 l,0O0, 900 is larger than That
of ite worthy contemporaries. The stock
is represented in $500 shares of S4U0
each. Ali of them are taken and peo-
pie are asking tor more. Thirty-seven
Thousand dollars in loans have already
been paced by this association. The
greater part of this money has been
used to remove membranes OH home-
steads. Members have not yet COM
} menced to build.
BREMEN BUILDING ASSOCIATION.
The Bremen Association WAS started
last May with a capital stock of $780,
900, divided into shares OF $500 each,
held principally by North st. Louis
Germans. This asso' iation has loaned
to its members SIS, 500. and the prem
: ium they have paid for the favors alone
amounts to $50. Month Y dues are
81. Shares are now worth SIG 52.
Members of this association have con-
l structed eight houses III the vicinity uf
the Water Tower.
OTHER ASSOCIATIONS.
The German building and Home-
stead Association is an old insli IL.
ton. now winding up its afftirs III a
l profit of ~ per cent. " its stOckhOld.
} erS.
3 Webster Groves has an association
with capital stock of s2U0, 900, divid-
ed into shares of 500 each, and mont b.
ly dues of 81 share. Since lis organ.
! iZation, less than a year ago, the a>sO-
} citation has furnished it's members
l money to build five houses, cus.ing
: from - 900 to 81 900 each, and prem
8 iums have ranged from rs To 81 per
cent. This association differs FROM
others in that p1 emiums are not DC
/ Quoted from the amount OF the loan. ae
+ is usual, but are divided into eight
I parts, one part being deducted at the
i time the loan is made and the remain-
ing seven parts being paid at the rate
r OF one part each year, thus giving Dor.
t rowers eight years in which TO pay
their premiums. This advantage over
q other associations has o tendency to
I. induce higher premiums, consequently
e making the business more profitable
y Webster stock is nearly all taken, be-
: ing held by about 100 shareholders.
i KirkwOod has u Building and Loan
3 Association, organized for the express
purpose OF inducing st. Lonisans tc
8 build houses in that suburb. The cap
! ital stock of S300,000 is divided into
4 shares of $500 each. About 400 share:
have already been taken. During the
past months the loans placed amount.
T. ed to 5000, with which three subur,
/, ban homes have been built.
British Building Societies.
@ From the London Times.l
: The great wealth represented by The
q building societies in Great Britain anC
: Ireland is shown IN return OF theil
= accounts just published. The returi
: is a continuation of the abstract pub,
e lished in 1888. and it gives the number
= Of incorporated societies up to the enc
u of 1888. In England and Wales The
l.. | fafal nunhar nf vuch eociatiaS is I 9S2