The Opelousas courier., 1888-06-23
guilding Associations.
Enterprise

'ne Of their risks. The shares
sutock are 5000 each. These
ossres are not purchased in the
D%s manner as in other corpo-
lions, but are paid for by
aanthly or weekly payments,
Wv the earnings on such pay
sants, In these associations
.Ssre are two classes of share
FOLDERS.
holders h
All shareholders have equal
s.oDortunity to borrow from the
ASSOCIATION by giving real es-
ate security and pledging their
The benefits to be derived by
Az non-borrowing shareholder,
that is the mere investor, by
holding stock in the association,
are as follows:
1st. This plan enables him to
nav into the association small
suIps Of money monthly, which,
fs5dad to like sums, received
from other share holders, at once
become profitable.
No single individual can take
lsay s1Oor SIS a month, and loan
N out on good security, and thus
make it at once profitable but
tbe association, having members
each paying in his small sum on
afxed day, derives a fund each
month large enough to lend out.
The interest on the loan is
aaid monthly, sodhat one month
/ ater the loan is made, a sum of
money is paid into the associa-
lion as interest, which taken
With other sums of interest paid
ID at the same day, again form
new fund to lend out to a new
borrower. Thus it can be seen
that the association makes COM
Rnnd interest on it's money.
Experience has shown that
i've shares of stock, each of the
Jar value of 5000, that is $1,000,
sriIl reach par value in about
ight years, by the subscribers
br the shares paying into the
asociation 25c per share per
eek during the eight years
that is, in eight years, the sub
griber pays into the associa-
ton a little less than $500, and
at the end of eight years, owns
1900 in stock, full paid, fol-
which he receives $1,000 in cash
from the association.
This is good interest and the
investment absolutely safe.
! If any shareholder desires to
withdraw from esthe association
before eight years have elapsed
he forfeits nothing, but will re-
ceive the actual cash paid in by
him, and such portion OF the
profits as the board of directors
may determine.
To make a young man provi
dent and saving, let him begll
to save.
GLASS B.
The benefits to be derived b.
the borrowing shareholders EN-
| brace those gained by the non
borrowing. If he borrows, hi
stock stands exactly as if he hat
not borrowed. He pays in tn
same installment per1week, ant
the stock derives the same pro
ut. Added to these benefits ar
the following
LIST. The par value of bis stocl
and his loan are for the sam
amount. The stock and tn
loan run side by side; EACH mont.
he pays installments on stocI
and interest only on loan. Il
say eight years, his stock reache
4 par, extinguishes the principal g
loan, his stock is cancelled an,
be is out of debt. He neve
pays the principal of his loar
except by his stock paying i
and experience shows that haI
the par value of the stock is dc
rived from profits.
.. He can repay his loan at an
time to the association. 1t ia
often occurred that the existenc
Of a mortgage which could nc
be paid before maturity, Ia
prevented a sale Of mortgage
property. Often a legacy come
and can be at once paid over t
the association and the hom
freed from debt.
). Our association can affOT
g lend a larger proportion |
the value of the property NOR