St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-08-24
1T IS FLOURISHING.
The United States Savings, Loan
and Building Company Has
Many Special Features.


The United States Savings, Loan and
Building company, of st. Paul. has an
authorized capital of slO,OOO,OOO and a
subscribed capital, in force April 80,
1891, of So, 734, 800. The system of the
United States Savings, Loan and Build
ing company embraces all the valuable
elements of the ordinary building aSSO-
Citations. to which are added others of
great Importance.
Units plan the organizers of the Uuited
States Savings, Loan and Building COM
pany have provided safeguards such as
had previously been unknown in con-
nectIOn with building associations.
An important advantage possessed by
this company is, that as it is national in
its field of operations. it can easily and
always select the best localities in the
nation for safe and profitable invest
mentS.
The experience and reputation it has
acquired, and the success which it has
won during the past three years, justify
the confident assurance of the directors
that no more solid, safe and profitable
investment is now before the American
public than that found in the stock of
the United States Savings, Loan and
Building company.
The United States Savings, Loan and
Building company was organized in
May, 1888, by the gentlemen connected
with its present management, and has
had a steady and substantial growth, as
evidenced by the following exhibit of
its assets, as shown by its annual state
ments since organization:
Assets, May 81, 1889. ........S Ga. 421.26
Assets, May 81, $780,. ...... 349, 211.29
Assets, April 30, 1891. .... sos, 077.20
The income of the company, for some
time past. has been in excess of $50, 200
per month. The directors of the COM
pany are:
Gen. L. F. Hubbard. ex-governor of Mime
nesOta; Gen. r. W. johnson, st. Paul: John
Douglas, Minneapolis: A. Yoerg Jr., director
National German American bank; P. NJ
kerst, assistant cashier Germania bank: ID.
Somers Risiey, treasurer West Jersey Title
and Guaranty company, Camden, n. j.;
George W. Hancock, president Citizens
Trust and Surety company, Philadelphia, Pa.
The officers of the company are:
L. F. Hubbard, president; R. W. Johnson.
vice president; G.. D. Bentley, secretary; @.
B. Palmer, attorney; John Douglas, manag-
ing director; Elijah Baker, comptroller.
The Germanla bank acts as treasurer
and the Minnesota Loan and Trust COM
pany acts as trustee.
Inc special features OF Un6 united
States Savings, Loan and Building So
cIety may be briefly given:
here is first claimed the absolute Sc
curity the system affords the sharehold-
ers. The United States was the first
to originate the system by which all of
the money belonging to the loan fund
should be placed in the hands of trus-
tee. thereby putting it beyond the reach
of the officers and management of the
company to misappropriate. Another
strong point of this company has always
been its economy in management. Man
aging Director Douglas is a very
conscientious man in this respect,
and while the bylaws allow IA per cent
for expenses, 10 per cent is the maxi
mum so far expended IN the administra-
ton of the enormous interests of the
company. The United States IS an ex-
tremely conservative company. In
making loans, the officers of the CON-
pany aim solely to get the very choicest
real estate security, taking nothing but
improved property. The company does
not invest i'll farm or vacant property.
A great deal of the stock of the COM
pany has lately been placed in Penn
sylyania. New Jersey and other Eastern
states.