Daily Republican. [volume] ([Wilmington, Del.]) 1874-1890, 1890-02-06

IN presenting tho 2Oth semi.anuual re-
port to the members and lriends Of the
association, the board Of managsrs take
this opportunity Of explaining certain
features Of the report and stating facts
In regard TO tho character and purposes
Of the association which are mot entirely
clear 10 the majority Of those interested.
Tho business done during the six
months just ended 10 . fair test Of tho
earning power Of the association. ~ the
greater part Of the receipts have been
sold at par or at low premiums, and the
Withdrawals and expenses have been
about the average. Notwithstanding
this, TIE earnings have been equal to
about per cent. per annum compounded
monthly, Tor the six months. A calcuia-
tion based On the present value Of 1st.
6eriea at O par cent will show that this
series will reach value Of $500. 00 per
share about August, 1900, or II years
from its beginning, and other series are
doing proportionately we'll.
The large Investments OF the Asso-
citation, as shown In this report, are be-
lieyed by the managers 10 be Of the beat
character. You will observe that the
real estate owned by the Association has
bsen decreased about forty per cent.
sinco the last report, and Of the amount
ca, 227.42) shown in this report, houses
| TO the value OF 81, 10000 havo been sold,
but not yet decided TO purchasers, leaving
but a, 527 ~ now 10 our poascssioD. and
tlIis probably rented. We do not think
| that any other institution having m
equal amount loaned on bond aud mort.
gage can make batter showing.
We would ask thas you will carefully
consider and cali tho attention OF your
| irIends 70 the advantages otfese,l BY thii
Association. - II 10 believed that with I
fuller knowledge OF its meth ods,
| greater number OF our citizens will take
esiely aud proftabiy invest their smal
savings, and in time acquire homes o.
their 0wp.
lst. The stockholders, by conservative
management Of tho affairs OF the Asso
citation. are assured Of Q safe aud reason.
ably profitable Investment Of thsil
ID. By tho loan Of $4,000 TO eAcl
share OF stock, the borrower ID enabled
10 pay fnr his house by easy monthly In
stailincnts, not greater than rents usualI!
paid. a. by example shown below.
Sd. Mortgages may be decreased at
any time by payments Of small amounts
and monthly interest eeases on til,
amounts 90 paid. For this purpose bor
rovers can take additional shares, o.
pay In any other way convenient 4
them.
An. Shareholders Wishing to with
draw from the Association can do 90 b,
giving one months notice, and cal
usually be accommodated In shorse
time.
Example showing the advantage to b,
gained by borrowing from Perpetua
Savings aud Loan Association In prefer
encc to other methods:
guoposc A and B each borrow ~ .8O
at the same time; A borrows his from
Perpetual Savings and Loan Association
on seven shares at 10 cents premium, An,
B borrows of q private lender st til
same rate of interest but without All,
premium, B 70 lay his priuci pal at th
same tune that AS shares mature. Sup
posing that maturity is reached In SIX
teen years the two accounts will stand .
follows:
A-Psid In monthly dues, o.. .344 90
paid in iu. crest, &2 G8S 90, paid In pre-
MUM, Sl3i. 40; total, -, 1f8. 40.
B-Paid principal, t2,S00.00; paid in
terest, a., ,6ss. 90; total. S., ,4SS. 90.
| In this 9, ample b pays 81, ,S2l.80 NOR
10 the same length Of time than A.
II the person Of whom b borrows PEI
mi,s him to pay tho interest and eS4.l
1.-THE amount of AS annual dues) OF III
principal annually tor sixteen years, ih
result will be that AS mortgage will b
paid OF, while u will still owe 81, ,456.
on bis mortgage.
l A ro ,tcr would pay In the same time Z
lelG per month (the average rent for
property Of this valuc) u, 072.00. an
WI u d have nothing whatever 10 show fI
1t.
To carry out the ends for which tn
Association W "a formed, shareholder
| who desire to pur chase houses shoul,
Obtain money from the Association whe
needed, instead OF borrowing elsewhe re
remembering that without sufficient Dor
rowers there can be no iull return 10
money paid 10, aud that good houscs ar
, the safest Investment Tor their earningl
The managers have given freely Of thei
! time and best thought to the success Q
this Association. believing as they d
that individuals who can be induce
thus to save their earnings and thereb
acquire homes ara In every way bette
citizens of the community 10 which the
live, Ip conc uslon the managers deslr
, | to congratulate tho shareholders { I th
Association on its present excellent cor
dition and standing In the community
, and tho bright prospects Tor Its futur
, usefulness.
II OFFICERs.
>, President, Lea Pusey; vice rresideu,
Thomas g. Bellah; secretary, WIN.
Gibbons; treasurer, Wilmer Palmer.
DIRECTORS.
} Term expires l890.-Thomas Curlc.
Howard I. Wallace, Chas. w. Pusey.
Term expires IS0l.-John T. Davi
Edward Andrews, William w. Pusey.
Term expires l802.-Itcnry q. Jone
George A. LeMaistre. w. Harold Smit
. Stabbed In Ills NO ther's Arms.
PHILADELPHIA. Feb. 6-John CuI
ningham, who keeps cigar stoie I
' Lancaster avenue, above Thlrty-nin
street, In attempting to stab bis wi
with a pocket knife, as alleged, during
0 quarrel yesterday, ran the blade throus
a the hand of his infant son, who was
= his mothers arms. Tho child, who 10
= tnnntha otd Waa takan to tho Pr0ab