Daily Yellowstone journal. [volume] (Miles City, Mont.) 1882-1893, 1891-03-01
HOW TO SAVE MOaEY.
The PROFITS Of the Nom borrower In a
Building Association.


The Prohts Of the Non-Borrower In .
! Building Association.
IL require 10 ma heLnA tician OF
skilled accountant 10 figure out Fhy n
building association should be n sue
cess and = profitable investment for
the shareholders. A building assOcis-
tion is bank. IL loans its funds q
its shareholders. IL requires no *
pensive banking office or extensive
corIs OF employees. It. eyps nse $
nominal aud lis profits are divided
among the shareholders.
That tle-e associations ares success.
Is aitesied by their popularity in THE
country, there being no le-s than 5000
active associations In the United 81 ties
today, while many more have termin-
ated th.ir legal existence. payiug
handsome dividends 10 all in'er.sted
IN them.
To illustrate what success q building
association can meet with In SHE uf
the mot diverse aud Encouraging
clrcumstanc-p. Let rs rev eW the
career Of the Nils City building
association whom is just about
completing its fihh year. This assl.
citation was started 10 April, 1886,
when money was plenty and easily
made aud our population shout 1000
II was not . year old before the terribl.
disaster Of the winter Of 1885 nearly
swept out Of exlsteDce our main re-
source, aud - paralyzed ell business
that money became scaroer than hens
teeth and the population OF Miles City
sbrunk fully tvO-thirds. or course
nAny who went into the sssociatIon
At lie organization with the best Of
intentions to remain iD TIL the end,
were forced fly the necessities Of the
times to withdraw, but even In
20 dJing BENEFITS were realized, for
the trifiing monthly payments Of the
year previous were found to have ag-
gregrted q snug little sum which when
drawn out Of the TsocIatiou cOnstltu-
ted a capital for new operations which
would never have existed II 1t h I'd not
been for he association.
While many were forced u
withdraw. quite a number Of other,
remained and though the payments
on stock came hard during the dai K
days. they never flioched and are now
reap!ng the reward Of their conf
dence. Now at the end OF FIVE yelrs
we find the shares on which $50. 90
has been paid, worth $1,000 To
fully realize what this profit means,
Il must be remembered that only one
dollar Of the sixty paid In. has bean
paid In for sixty months; two for
hfty-nine months; three for fifiy eight |
months and 80 oD until $1,000 has nov |
been paid in on each share at the end |
Of sixty months. The shareholders
who have made these trifiing payments
have felt no drain on their res1urses
and yet they are now in a position TO,
realiz~ nearly lC per cent on their iu-
vestment.
The great thing abont n building
association IL that IL never has any
Idle fund.-; its money is always active
snd earning interest ;the dollar that the
pays 10 on q specified day
Of each month is leaned 10 somebody
Else that same day, the borrower no
Ohly paying interest from that day on
bis loan but a premium for the privi-
Iege of getting II. In what other way
'an and will you invest a few dollars
month y that will Immediately earn
you INTEREST,"
II is often clsimed that savings banks
will accomplish the same object as
s-sociatins, but this is not 90.
A savings bank will receive from time
10 time. such small aLJounts a. may
be rendered Il on deposit, pay q small
ate OF interest While the money Is in
lie hands. and on request return 1t to
ihe depositor, but there its mission
snds- IL we compare the results VI 10.
resting a dollar q month In a building
association and depositing the same
sum per month In savings bank pay
ng 6 per ceut interest, Il will be found
hat at the en1 Of, say eight years
the customary period for = building
association TO mature ita stock You