Dodge City times. [volume] (Dodge City, Kan.) 1876-1892, 1889-04-25
Our Building and Loan Associa-
ton.

We learn from J. NJ. Bell, secretary of
the Building and Loan Association, that
at recent meeting of the stock holders,
it was decided to close the present series,
and organize new association. The pres
ent association was organized in August
1885, and will have been in operation
four years ending with July next. at
which time it has been decided to close,
and pay out on its stock. on the follow
basis: To those having shares borrowed
$780, 90 per share; to those having shares
not borrowed s65. 90 per share.
This is a good demonstration of the
benefits of an association of this kind.
when properly conducted. and shows a
liberality in behalf of the borrowers. that
will seldom be found with other money
lending institutions. and at the same time
it proves to be one of the best invest
menis, that can be made 1t is one of
the ways of lending money on security
that continually grows better, as an as
sociation grows older, and at the same
time accommodates, and enables many me-
chanics, and others to borrow. and build
comfortable homes. and pay for them.
in monthly installments. not exceeding
in amount what they would have TO pay
in rent.
Life insurance is great benefit in
many instances. to those who can pass
the examination, and keep their annual
premiums paid. but for a series of years
and safe return, the savings and loan as
ISOLATION will prove better investment.
and instead of high premiums for insur-
ance, being sent away to eastern capital
lists, the savings and loan association. will
retain it at home. and place it where it
will be a benefit and improvement to the
community in which it Is located.
In eastern cities, where these associa-
tions have been in operation for years,
they are very popular, both as an invest
ment for money lenders. and as a means
of saving, for the laborer. the clerk, the
teacher. and in fact for everybody,
whether of large or small means; the only
thing for one to determine, in the matter
of subscribing for shares in saving as
ISOLATION, is as to the amount of money
they can put into it. monthly.
1t is estimated here. that S1.00 per
month paid on a share of stock of $4,000
par value, which if continued for eight
years, will mature the stock and the
holder will at the end of eight years, have
deposited as monthly saving s96.O0 and
in addition to the saving feature, it will
have earned in premiums and interest,
compounded 12 times year. $4,000,
and thus the stock has matured and each
such share holder will be entitled to the
face value of $500 for every share of
stock held.
The managers of the present Dodge
City Building and Loan Association are
entitled to the credit of having demon
strated this matter, as fully as it is pos
sible to do, without having continued for
the full period of time estimated at eight
years The stock holders of the present
association, haye mutually agreed for the
general interest of the association. and to
afford many others. who are DESTROYS of
taking shares in the association, but un-
able to do so on account of the high value
of the shares; to close the present series.
and pay them pui OF the basis above
named, the average value per share being
about SIS at the end of four years. and
to Immediately organize anew associa
ton. in which every body vino desire can
start in at the first
The citizens of Dodge City. should be
proud of an opportunity to encourage
such an enterprise, and We -bespeak for
the new oEganization. . 6Fand sleessG