Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1889-12-03

From the Investors Guide, Nov. %, 1880
That 1t is both safe and profitable to
send money out West for investment In
real estate or mortgages. the experience
OF thousands OF individuals and hun
dreds If institutions demonstrates.
Judgment must, however, he exercised
IN this as In all other lines of Investment,
and above all good reliable agent must
be selected. One who not only il honest
and careful, but who is familiar with
values IN G locality where loaus are
placed. There are many good cites IN
the Northwest whose future growth is
no longer uncertain, but which aie des
tinei to become large cities, but Mime
apolis already has the lead, and IT, right
to be called the metropolis of the Noitt-
west is no longer disputed. Among Its
numerous financial Institutions there are
rank higher OF their kind than the. Home
saViugs and Loan Association, ol"&hieh
Mayor Y. G. Babb Ia president.
The officers of this Association are oil Il
residents OF that city and know all about
the properly on the value of which rests
the security OF the Aseociatlon's loans,
which gives an assurance to investors
that their principal will he safe. In the
east this Association Is growing in favor
with the Investing class as its methods
become better known aud understood.
Several gentlemen have recently visited
Minneapolis ard made personal investi-
cation of this Association with a view OF
satisfying themselves and friends of Its
safety before Investing; among these Is
Mr.. JAS. l.. DeVou, we'll known In Will
mington, Del, who, after his return last
month, expressed himself as much pleased
with the Association, and In alludlng to
It said:
81 first inquired among the presidents
Of national banks and citizens of the
city as to who the directors OF the Asso-
, citation were, and found they were repre-
sentative citizens of high standing In the
community, and men whose records were
clean, and whose word was taken with
confidence
) then Investigated the system of busl-
ness, the character OF their securities, al
the mode of doing business in the office
(where l stayei some time), and H. this
respect | found oil anyone could desire.
Their system Is perfect, and their securl-
ties are all first mortgages on valuable
. real estate in st. Paul and Minneapolis
worth twice the amount of the loan. a,
required by the State lsw. Their mort
cages average $1,000. and no one loan wal
for more than Si.U0, and none were farm
} mortgages.
The certificate of the State Examiner
| certifying that they have complied with
all the State laws, is hung up in tbei
oillce.
Thos. J. Buxton, president of the Cit,
National Baul, and Il. 5. Neler. presi
/ dent of the Uuion National Bank, ar,
among those who heartily recommend
the Association snd Its directors.
Il found that there was good demand
for money, and that they have enough
applications on hand 10 permit OF a self C
= ton OF first class securities at high rate
of int rest. L attr butte this principally
to the bull ling aud loan plan of paying
Q of their mortgages. Every oppoTtunit!
for examining into the affairs of the asso
citation was open to me, and from whist
saw, and from inquiries made, l an
} fully sa isiied that It Is an institution
well and safely IN anaged, aud auy bust
ness undertaken by tncm will be of sucl
a character as to warrant the fullest con
a fldence."
= Such statements from d!sinlerested mel
G who have been on the ground naturally
inspire confidence in the minds OF Eastern
investors, and 1t is not surprising tina
the current month shows the larecs
. amount OF business IN the history of th
association. The Wilmington Office 1
No. S3S Market street. L. d. Il. Sutton
general agent.