The morning news. [volume] (Savannah, Ga.) 1887-1900, 1890-02-06

then pay us the difference (Sl00 between
our contract for $500 and 800, the price Of
the piano selected, the $500 of course to be
paid into the club as contracted. Bear In
mind that a member, when drawn, does
not cease payment, but continues his pay
ments, as contracted, until the amount Of
$500 has been all paid. The drawings
merely determine in what order and
| 70 whom the pianos are to be delivered
week by week. For instance, should
every member of the club wait TO be drawn,
1t would take 200 weeks to deliver TO each
member piano. Realizing that this would
not suit many members, and to obvlate Just
that difficulty, we provided rule IL, where
a member can, by doubling his weekly pay
ments from the time of delivery to him of
piano, not from the inclpiency OF the club
that is, by paying 81 week instead 4 81
| receive an instrument at once. You do not
pay 81 each week until the club winds up,
but only until the amount contracted $500
shall have been well and fully paid.
Should you at any time desire to sell out
/ your share, you can always find some neigh
Dor or friend ready aud anxious to buy you
out and take your place. Parties living out
OF the city, for whom this club is more espe-
cially organized, might find it inconveuient
to make their remittances weekly. These
payments are due every Monday, therefore
such members can remit, say from one to
four, five, six, eight, or ten weekly pay
| ments at time-of course invariably in ad-
vance-and when such payment by time is
exhausted the treasurer of the club will no.
Thy you OF other payments due, etc.
We furnish with any piano selected a
handsome stool and cover, and prepay
freight to nearest railway station, and also
give five years. guarantee.
Suppose one would say: "Well, that is
certainly splendid and easy plan to buy a
piano ON, but at present have no use for
one, although l expect in year or so | will
want one" To all such we advise to join
this club. Such an opportunity may never
present itself again. Suppose, then, that
you do join, and should be drawn the first
week; you have the right TO donate your
drawing or turn TO some friend, or, if you
nave no preference, we can easily place it
for you. Your name is then replaced in
the box, and you take your turn as usual.
To young men it possesses the pleasing
features OF savings institution, as well as
the satisfaction of knowing that at some
| time in the near future they can make some
| friend or member of their family lmmeas-
urably happy by presenting them with
nrst-clasS piano OF almost any make they
| choose
In addition to the regular stock of pianos
that we always keep on hand, we usually
| have good line of secondhand pianos,
both square and upright, newly and nicely
! worked over, that we sell at from S75 to
| $5OO, according to their worth or merit A IL
of these come within the precincts and
| jurisdiction Of selection by a member Not
wlthstanding the fact that this club is built
on $500 basis, a member selecting a
cheaper piano only makes mis- payments
until the amount of his purchase has been
well and fully paid, when he is given full
| and free title to such instrument.
When pianos are delivered such member
receiving the same shall sign a contract
leaving the ownership or title of same in the
name of Davis Bros Piano Club No, f. Par
ties not willing TO do this will not be elgi-
BILE for membership. An insurance policy
covering the amount of the purchase must
also be taken out covering the instrument,
aud shall be made payable-loss if any-to
Davis Bros Piano Club No. 4. In the event
OF a loss the treasurer of the club, our Mr.
A. p Davis, shall collect the same and reim-
burse the member for the amount he has
paid in, or supply him with another piano
of same grade and price. The member
must pay the insurance premiums, and the
policy is forwarded to and held in trust by
the treasurer of the club
Our firm was established in this city in
1879, and is composed of H. G. DAVIS, 80
years Of age; L. E. DAVIS, % years old, and
A. p. DAVIS, 20 years of age. We refer,
as to our responsibility, to any bank in this
| city or Atlanta, Ga. We think we have
covered the entire ground in this explana-
ton, but should there be any point con-
nected with it not sufficiently clear to your
mind, write to us and we will cheerfully
explain by letter.
RULES AND REGULATIONS.
FIRsr.-This club is to be called the
DAVIS Bros PIANO CLUB No. 4 OF SA-
| VANNAH, Ga, and its object is to gladden.
from one hundred and fifty to two hundred
homes by the possession of a first-class
piano at a saving of $50 each and on easy
| weekly installments.
| SECOND. The capital stock of this club
shall be 500, 900, with the privilege of in
creasing this amount to not over 800. 600 the
capital stock to be divided into shares of the
par value of $500 each, to be paid, initiation
fee So, and 81 each week for two hundred
/ and ninetV-eight weeks: or, in other words.
until the amount paid in shall reach the sum
of $780,
THIRD.-The management of the business
affairs of the club shall be intrusted to a
| board of twelve directors, elected by ballot
from the stockholders The board of direct.
ors shall continue in office for full term of
the club, and shall have the right to fill all
vaca cies in the club occasioned by death,
resignation, or otherwise. The board of
directors shall be elected at the first meet
| ing of the members of the club.
| FoURTH.-Any man, woman, or child.
white or black, can become member of
the club by the payment of the initiation
fee of 81 at the time of signing a copy of
these rules.
FIFTH.-The club shall consist of not
more than two hundred and not less than
one hundred and fifty members.
| SIXTH.-A drawing shall take place once
each week in the following manner: A box
shall be made, and a slip containing the
name Of each member of the club shall be
| deposited therein. Each week a drawing.
| presided over by one or more Of the di-
rectors. shall take place, at which time a
name will be withdrawn and the owner
thereof will be entitled to piano that
week, and so on until all the names shall
have been drawn and each one the possessor
| of piano.
SEvENTH.-Tn addition to the initiation
fee of So, each member shall pay into the
treasury of the club at DAVIS Bros store
81 every Monday or as much more las often)
in advance as they please, until the price
| $500 Of the piano shall have been paid
that is, two hundred and ninety-eight weeks
Of 81 each equals S29S, together with the
initiation fee of 50 previously paid, equals
So O., the price of the piano-stool and
cover aud freight free.
EIGHTH. member failing to make
his payment on the day due shall pay a fine
| Of 20 For NJ