The Jasper weekly courier. [volume] (Jasper, Ind.) 1858-1922, 1890-04-25

The TeutOnia Building and Loan.
Mr.. EDrroR:- wish TO answer share
holders inquiries. how one shareholder
can pay according 70 tho bylaws Of said
Association $50 90 q one time, without
being assessed with the fines, - provided
Iby said by-laWs Of said Association ?
AZ far a. I am concerned, / am not the
President or Director of said Associa-
Ition, I am the Cashier thereof. and col
|lect only money Of said Association that
run after fines. dues and interest, and
will let you know how the Transaction
referred to by yon occurred. Said 0ficers
ARE supposed 10 know that every dollar
COLLECTED for said Association 10 put TO IL
proper place. They meet ~ provided
by said bylaws nnce = month, and II
necessary twice = month, and derive no
compensation therefor, which | think
they should. TIE only salariei officers
are the Treasurer, Secretary aud Cashier
and that IL only Z slight compensation
for their services. The e~hsrchnlder and
borrower. the party referred n. has a.
ways heretofore, for nearly 8 years, paid
his dncs. &c, and sometimes In advance
a. long ~ have been Cashier ~ said
Association. lie was . delinquent from
the 18th day oi November, 1879. l. q
cashier. have reported TO the Psesi
dent and Board OF Directors Of said a
sociatiou his delinquency, - provided
By the bylaws OF said Association. \
borrower has 30 days time 10 psy hi
delinquency ere his mortgage may b
foreclosed. Aud - Circuit Court Begin
lon the 4sh Monday in April, said part,
has bad the opportunity to pay up i
full. Said shareholder on the 5th day o
April, 1890. paid oil dnes and interest, q
delinquent-the Board Of Directors hav
ing agreed 70 release him from all fines
should he so pay said dues and interest
or the sun OF $40 50. before the conveu
ling Of the Circuit Court on o .
sickness in his family. and Of the depre'
sion Of business OF the winter sessoi
His Insurance POLICY expired on the u
day Of December. 1889. and, as provide
lby the bylaws Of said Association, sal
!. Directors had the property OF said NOR
lgagee reinsured for the term Of one yea
q for $l4UO, which money WAS taken fro
4 the Association funds and charged
said borrower As provided. HE du'
and interest, with insurance, to April
a 1880, make the sum of $1,000. l,
II Cashier. OF said Association. WAS N
liciously attacked by Shareholder
Ibis comments in last week CoCRTE
that l would be responsible on my boz
for said fines, and as he likes 70 kno
reInow l collected only e2-2o fines {
y foregoing year. | wish to state that IN
% was all that was expected TO be collect'
N nv me as such Cashier. and - there We
q $50 shares cancelled which were usual
ID slow payers, l think that the fines Il
year will DO still less, as . prese
b share holders are q ways on time TO p
10 their dues and interest. The fcregoiI
~ wear I collected from March 10. 1889.
wMsrch 10, 1890, in dues, fines and inter'
1905, and can produce The Ire
1. ~surer's receipts for said amount, Viii
" lamount wa also found to be due I
Treasurer by me as Cashier BY the inv
n Itigaiing committee Of the books OF -
Il Association. To my knowledge q
ID b. l.. g. S. Association has not Lost Q
Ia cent in the 3 years last past, hronyh D
loans. &C.. and oil the praise belongs
1.-The Presidents. Boards of Directors, .
Attorneys and Appraisers.
Yours Truly.
erl FRANK FINK, Cashier
anil Teutonia Il. l. 81 5. Association