The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1886-06-10
THE BUILDING ASSOCIATION.

TIE BUILDING ASSOCIATION.
The report Of the Secretary of the
Building Association, which will be
found in another column, is one of
the strongest argaments,whieh could
be adduced in favor of it's utility, its
safety and the admirable manner in
which it has been conducted. The
report itself is a model in it's way,
setting forth clearly every fact and
answering every question of general
interest to its stockholders and to
the public.
AS might be expected, the first
Series is by: far the largest, as very
many subscribed for stock at the
organization who then took all they
could afford or desired to carry. 1t
was season of great activity in bus
mess and money, was abuadant. A
f&sge Samo QUIT of building was in
progress, and the demand for money
was active. AS result largs bonus
es were bid, and that series profited
by such activity. During the four
years of its existence but one mort
gage has been foreclosed and but
two loans have been repaid-a re-
:siyoarkably favorable showing for the
stockholders and indicating that the
borrowers are satisfied.
The assets and liabilities of the
Association, the former almost
wholly in mortgages on real estate,
aRd, the latter in capital stock, are
clearly shown in the report, and one
can readily see why the Association
is so prosperous. Its expenses are
reduced to the minimum, the salary
of the Secretary being the only item,
and zone familiar with the require
ments Of that Office knows that he is
-not overpaia. In fact the fines and
annual dues of TWENTY-FIVE cents per
share pay all expenses. leaving tie
gross sum paid in monthly available
for leaning.
There are, to-day, in this village a
score OF happy homes only possible
through the benefcent methods Of
tbe Association; while there are
scores of members who have been,
paying into the Association a triAe
every month, which they have
scarcely missed, aud now they have
~ xerE handsome sum accumulated,
available at any time, and which
will amount to very considerable
amount at maturity of the stock. AS
a safe Investment it has no superior
as a. savings bank il is uneaualed,
and as a ready assistant in securing
d home it is Incompatible.
Anyone, has money which they
desire to lay away, even though not
more than. a dollar month, can
maksno better disposition of it than
Investing it in this Association,
assured of taking out two dollars for
ione at the maturity of the stock.
IT there. be any person who con-
templates building in the future, and
who has not the ready money for
that purpose he should subscribe for
stock new, and when the time comes
that : loan will be required it can be
shcured on more advantageous
terms.
!. Money invested can be withdrawn
aS any time with but little delay.
and after the first year with good in
terest. This makes the Association
particularly valuable as a savings
bank. "~--
A new series OF stock has just been
opened, and subscribers now will
!, only be. required to make one
= months payment thereon,-one dol
Tar per share and the incensiderable-
membership fee and annual dues.
Now is the most favorable time to
subscribe. The new series common
ces we'll and there is no question bat
that it will be one of the best yet
opened. Every available dollar has
boen loaned, and. the indications are
there will be a good demand for
money during the year,a most salts
factory state of affairs for the Asso-
catieH-
-. Are you paying rent? Subscribe
sfor,steek and build house of your
own, and your rent money will forth
with become purchasing fund, Sc
curing you home of your own in a
few years without extra burden,
Have you a stated inceme? Devote
a portion of it to pun chasing shares,
and your income will be surely aug
mented thereby.
Have you money to loan? Buy
sharessand secure a good>rate of in
terest, on security absolutely certain,
and with no trouble of seeking a
borrower
The Association appeals to all
alike, Offering advantages not found
under, any other system of either
borrowing or loaning. Investigate
ssitss workings by reading its report,
and IL there is any thing you do not
stcleariy understand, call at the office
OF the Secretary. and he will give you
the information desired.