The morning news., 1889-03-03
SPECIAL NOTICES.
MERITSOF THE NEW Plan
THE EXCELSIOR LOAN AND SAVINGS
COMPANY.

An Institution Which Divides Its Profits With
Its sshareholders-AN New Departure I'm Tb.
City-The Men Who Are Interested in II.
To those who desire. to invest in this COMPANY
it presents the following advantages; F''"S
To the borrower it gives in proDortion
greater sum upon a more moderate pavmant
than any other association in the city
To the investor 1t gives good interest nm tho
money paid in aud presents the opportunity az
preserving small savings which would otbar
wise find the earliest exit in the shortest tim,
To the person VINO wishes to purchase a mod
est home upon plan and upon terms which
hardly exceed, If any, the ordinary expense for
rent, this company surely presents the surest
and safest method. eS'
Here the plan of paying monthly rentals ors
keeping up the installments on stock in aI5 Ia
tion thereto, as is the plan in other assocatiors
in the city, has been done away with and tba
enormous premiums of the old loans have lie
wise been eliminated; also compulsory borrov
ing. and only such premiums and interest hsir
charged as will combine profit to the jnvestoss
and economic expenditure to the borrower
To illustrate the practical workings of this
company: Suppose man desires to borrow on
ten shares OF stock held by MIN therein how
much cash money would he get and how n,nc,
would he be required to repay the same and in
what manner?
Presuming each share to have a borroyir.
capacity of $500, he would receive for ten ten
shares ........ e. Observation-Disclosures. % 0n6
Less the fixed discount of premium of 20 'E'O"
Giving him the net sum of - e. eoo
Now, for this amount received in cash he avn
pays back to the company the gross
amount borrowed, VIZ z.............. 9nn
And in addition thereto per cent. per an '
mum for one-half the time of ten years
on said gross sum of $1,000, Wiz. Gu
Making his total payment in ten years 90 600
to be paid in weekly installments
Now as there are 50 weeks in the year in 10
| years we have 520 weeks; divide, therefore
| $4,000 by $50, and the result, S. per week viii
| show his payments.
Suppose, however, instead of borrowing 3, en-
cash, as above from the company, for which bs
pays g, 800 in return, he should borrow the ma,
| amount, Sl,600 from capitalist and paws thers
Tor per cent. per annum, he " ouli pay, for in.
teISst aIone -'''..'--...... ..-....... 81 go
Auu principal 1000
| And the amount TO be returned would be % SSn
While to the company he would only pay 1850
Making a net gain in favor of the com
| Suppose, instead of acquiring house bv
| paying as loan, he chooses to rent a house al
say $50 per month in ten years he pays as rent,
In other words, by paying only $500 more in
| ten years to the company than his rent would
! be for the same time, he acquires a valuable
| property.
Besides, the company, If successful. NAV rin
| out in nine years, in which event borr over and
| investor are benefited alike and the amonnt
paid in would be proportionately less, esca
stockholder receiving the benefits of the divi.
| dends of the company.
From experience In similar companies tie
stock will mature when about sixty l6Oy per
cent. of its face value has been paid.
| Nearly 1900 shares have already been pad
and the st ok is still flowing in
| Those desiring stock should send their sub.
| scrption to any member of the undersigned
| Board of Directors:
f. F. HARMON. President.
w, Z. CHAPLIN, Vice President
W. A. WALKER, Treasurer
S. l.. LAZARON
| Secretary and Solicitor
| j. T. Wells b. G, Wright.
| II. 5. Dreese. c. E. Broughton.
| w t. Leopold. w. =. Hogan.