Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-10-06

| dues actually paid in on bis or her stock +,
less any fines or penalties which may
| be due from such member; provided,
that at no time shall more than one-half
| of the funds N the treasury of the asso-
| citation be applicable to the demands of
Withdrawing stockholders without the
consent of the board of directors.
The history OF the building and loan
association business in Fort Worth dates
back nine years. In November, 1881,
the first organization of the kind was set
afoat with the name of ''the Fort
| WORTH aud with an authorized capital
OF 5000 900. The officers were leaders in
financial enterprise in Fort Worth:
X. n. VanZandt, president; Samuel NJ.
| Eye, vice. president; J. j. Melton, Sec
Rotary; George Mulkey, treasurer; J F.
| Cooper, attorney. Dlrectors-K. NJ.
VauZandt, Samuel NJ. FRY, J. F.
| Cooper, W. L. Malone, John J. Masse,
John F. Swayne, c. NJ. Crane, George
H. Mulkey, Jesse Jones, W. q. Turner.
The association had in force at time of
winding up its first series, Sl3l 400 stock,
held by unetytbree stockhoders. Upon
this stock there had been paid by MEM
| bers about 81 per cent. The balance. 80
| per cent. had been earned on the stock in
that time, which equaled about ~ per
cent. per annum, estimating thirty
| three and a bali months the average
time required to pay the 81 per cent. on
| the stock.
Upon the winding up of this association
another was at once formed in its stead.
| bearing the same name, an account of
which is given further on.
Another which followed the course of
the Fort Worth, etc., paid out and re-
organized, was the WorkmHns' 1t was
| first organized in February, 1884, with
| S2l5, 900 stock held by l57 stockholders.
1t wound up toward the close of the
month of October, 1889, after an annual
increase OF III per cent. 1t was man.
aged by the following officers: W. j.
| Boaz, president; E. Il. Keller, vice.
president; ]. j. Melton, secretary; G.
W. Hollingsworth, treasurer; J. c.
Scott, attorney; directors, W. J. Boaz,
E. H. Keller, ]. J. Melton, G. w. Hol-
| lingsworth, w. q. Newly, j. c. Scott,
X. e. Mckee. j. NJ. Robbins, 1. Carb,
w. q. Manchester, John Bnrdon.
The oldest company now in existence
in the city is the Citizens. 1t was or
| gauiZed in July, 1885, with an issue of
stock TO the amount of Sl5l, 700. The
shares are worth 5000 each. Already
| sips per share has been paid in, each of
which is now worth about Sis net. AT
| the present rate the shares will pay out
| in April, 1890. The officers are:
K. NJ. VanZandt. president; 1. Carb,
vice. president; J J. Melton, secretary;
| n. Harding, treasurer; William Capps,
| attorney.
Directors-K. NJ. VanZandt, W. F.
Lake, William Caps, E. NJ. Walker,
w. T. Ellis, 1. CGrb, R. FL. Sellers, Sam
| Furmsn and P. Fl. Tally.
Next in order of date of organization
is the Fort Worth building and loan as
socie ton, established in July, 1887, on
the basis of the old association of the
same name, which at that time paid out
| after a most successful career. Stock
has been issued to the amount OF Sl55,-
500. Thrty-nine dollars per share has
been paid in, and each share is worth
about S49. 90. At this rate it Will pay
out in about thirty months more. The
officers are: K. NJ. VsnZundt, president;
S. NJ. Fry, vice-president, J. j Melton,
secretary; n. Harding, treasurer; J. F.
Cooper, attorney; directors-K. NJ.
VanZaudr, Samuel Nj. Fry, j. F.
Cooper, n. Harding, John J. Massie,
w. L. Malone. John F. Swayne, Zane
Cetti, T. b. Wood.
The Young MEMS building and loan
ASSOCIATION was organized in June, 1888.
Stock has been issued 10 the amount of
| Sl53 900. Twenty eight dollars per
share has been paid in, now worth about
S32. so, which is about l6 per cent. for
fourteen months average time required
to pay the twenty eight assessments.
The officers are Zane Cetti, president;
George Strong. vice president; ]. H.
Mel on, secretary; W D. Peak, treas
urer; 2. c. Ross, attorney.
Directors-Zane Cetti, George Strong,
2. c. Ross, w. D. Peak, S. NJ. Fur
man. R. II. Sellers, P. D. Hollings-
worth, W. 1. Manchester, s. NJ. Fry.
The mutual savings and loan associa-
ton is one of the most prosperous insti-
tutions of its kind In the cltY. 1t was
organized in September, 1888, with a
caI ital stock of 5000 900. At the annual
NEE ting held on September Is ii was
shown that each share had made profit
of S3.57 on SIS paid in, equal to % per
cent. This company charges ouly per
cent. per aunum for the use of Its money.
1t will pay out i'll five years. The officers
are: President, J. w. Spencer; vice.
president, j. J. Massie; treasurer, N.
Harding; secretary, C. B. Reynolds;
attorney, Robert q. Johnson; directors,
J. J. Massie, j. T. Clements, T. II.
Roe, J. L. Bass, C. B. Rey nolds, E. Il.
Keller.
The Fort Worth real estate company
was organized January /, 1890, with
capital stock of $500 900. That it has
prospered is evident from the fact that
though on each share only 50 has been
paid in, yet each share is now worth
Sl0.75. The officers are: President,
E. B. Harold; vice. president, 8. NJ.
Fry; treasurer, E. T. Hollis; secretary,
W. d. Peak; attorney, R. A. Rodgers;
directors-E. b. Harold, S. NJ. Fry,
Howard Tully, R. A. Rodgers, K. NJ.
Van Zandt, Jr., L. August, James
Ryan, E. T. Hollis and W. D. Peak.
The Germania building and loan asso-
ciation commenced operations in Sep
TENDER, 1889, with an active capital of
S2T5. 900. 1t has been in business one
year, and the profits on each share are
Sl.45. The officers are: President, S.
ID. Reiney, Jr.; vice-president, G. W.
Hollingsworth; secretary, Ben o. Smith;
treasurer, II. B. Cooke; attorney, W.
S. Essex; directors, E. c. Pendery, L.
II. Schubert, Alex Glltky, E. H. Keller,
j. w. Irion, Arnold GuertIer, A. B.
Cooke, s d. Rainey, Jr., Ben o.
Smith. w. s. Essex, G. W. Hollings-
worth.
The Printers building and loan assoc
citation was formed on September - 1889,
and will hold its first annual meeting on