The Memphis appeal. [volume] (Memphis, Tenn.) 1886-1890, 1889-06-01
GOOD SUGGESTIONS.
How Mon OF Moderate Means Can In
crease Their Income.


1t is an old and well-established maxim
that at is not the amount OF money which
man makes that causes him 10 grow rich,
but the amount he saves" Mr.. Micawber
puts II very squafely thus, "Income EGO,
expense el0, 10 shillings, sixpencc, result
happiness; income eco, expense eco six
pence, result misery" There are many who
are disposed to gave, and would be glad to
lay up money, but do not know how or
where 10 do 3d. There Is many an econom-
ical, thrifty housewife who greatly desires
to aid her husband in providing for the
future, but does not know how TO make
any saie or profitable use OF the small
amounts they are able TO save. There are
many with an income little in excess OF
expenses, who are eagerly looking for some
means OF investing and increasing their
small excess each year. There arc on every
hand presented for the consideration OF
such persons schemes and devices fair,
plausible and tempting, which are merely
holes wherein TO drop money. To these
small investors n safe and honest paying
form OF investment il boon. Tho
profit Is small, stocks and bonds are un-
certain, and real estate Is subject TO a
thousand contingencies and whims which
tho most careful and prudent cannot pre-
vent or iorcsee. The safest and most
profitable investment at present offered Is
in the Building and Loan Associations, the
features Of which are not new, and are
pretty well known. A few capitalists and
business men OF Memphis have formed n
company combining with these some now
ones which greatly add to the value OF
their shares, and certainly do not impair
their safety. This Is tho American Build
ing, Loan and Tontine Saving Association,
with a capital stock OF $50, 600 600 Ia shares
OF 500 each, which are issued either
on monthly or annual payment. Ono very
valuable safeguard is that no person can
subscribe for more than 100 shares, or
$4,000. These can DO paid for by monthly
payments Of GO cents share. AS money
accumulatcs IL IL loaned 10 tho members
on real estate or on their stock; once in
| three months all profits arising from loans,
premiums, bonuses and every other source
Is divided among tho shares, 80 that GER
tninly in seven years, probably in less, tho
share will become fully paid. They then
can DO Withdrawn and tho face value ro-
coiyed, 500, or II can romain, receive reg
ular semi-annual dividends, and partici.
patio In tho constantly increasing profits
coming from tho saving and investing
seven years before Of an easily earned
small sum each month. A person who
has never calculated or been shown how
enormously money increases when com
pounded oven scmi-annually will be as
founded 10 see tho result, and how rapidly
IL rolls up, This company also sells shares
on tho "tontine" system, whereby all for
FIXTURES aud cancelled stock, rs well IN all
nccumulations are added, and 10y which, ac'
corling 10 all rules Of such accumulaiions,
at the end Of ten years each share of 100 viii
be worth $3.50. Thisassociation establishes
branches la all small towns where the busi-
ness will warrant. The president OF oacll
such branch being q member OF the Gen
oral Board OF Trustees, giving small towns
the advantage OF the full capital stock ol
the company, aud enabling its members "a
obtain loans and make investments as IA
vornbly IA In tho largo cities. The limit
/ OF our space will not permit an extended
statement oiall the advantages. butthey arr
/ well worth the consideration OF persons ol
| large or small means. X. J. Darnoll, the
/ well known lumber dealer, Is president; J.
Katzcnbergcr, the successful banker, vice
president, aud j. II. Smith, cashier Of the
| Memphis National Bank. IL treasurer
These names are sufficient guaranlSo 4
our citizens OF It's safety and reliability
kALAKAUA.