The times. [volume] (Richmond, Va.) 1890-1903, 1891-01-11
BOTH BENuFICIARIES.
Their Motto. . Friend Of the Poor Mar
ana an Auxiliary of thc Rich.

Their Motto, . Friend Of the Poor MAJ
and an Auxiliary OF tho Rich.
A true friend OF the poor man and an ex
cellent auxiliary of the rich.
This 10 the admirable motto that building
and loan associations have Justly estab
lisbed since their creation. They are mon
umsnts in opposition TO monopoly anC
frau1 and are enterprises upon which Z
laboring man with small capital can i'm
plicitly rely and In which their investment
10 most sacredly guarded.
A Building and Loan Association hai
never been known TO fail outright, mol
have you ever heard Of one OF their pro
motors becoming . bloated bondholder OF
skipping TO Canada with million. They
make . moderate prsnt and olive and lei
live"
Many man lives In this city, who ha,
made . fortune, and can proudly look back
TO the building and loan association whsr,
he made his first money, and fully as many
laborins men, who now live in comiorta
BILE home can around their bright cherry
hearthstone, tell you that were 1t not fol
the building and lean association he would
yet have to pay sbominable and immense
rent bills.
A representative OF TIN TIMES on yester
day looked into the provisions OF the various
building and loan associations In the city
and after \ careful study Of the advantages
OF each he was thoroughly convinced
that no one presents better opportu.
nifty 10 investors than the Richmond Build.
ing, Loan Abstract and Title Association
No. 1901 east main street.
The object Of tie Association 10 to loan or
advance money 10 its shareholders, and "a
aid them in building houses, and making
itsxtN thnrnAn md - no
money usually paid for rent to buying
homes for themselves and families, and to
offer them better, safer and cheaper plan
OF obtaining abstracts, titles and deeds TO
any real estate they may purchase or sell.
The plan OF the management OF il is an
excellent one. The capital stock is divided
into shares OF $50 each, and any persot may
become Q member by subscribing for any
number OF shares he chooses, and after pay
ing the imitation fee Of one dollar per share
he can continue with monthly payments OF
any amount he chooses. The stock will
mature in eighty-four months, thus Offering
an unequaled opportunity for men OF either
small or large capital TO invest.
Another excellent feature OF the associa-
tioL is that the stock Is transferable, which
can be done with very small cost. The stock
hslder can also reduce his number Of shares
Of any time with ANAL cost.
Loans Of the association will be made on
real estate or sR the stock of the assOcis-
tios, and TO members only. After shares
have been In force three months the holder
thereof may obtain loan on them, but not
TO exceed 80 per cent. Of the actual amount
paid In.
All OF the stockholders who patronise the
and title department OF the con-
Germ will be entitled TO discount OF 10 per
cent. from the regular prices charged.
The Richmend Building, Loap, Abstract
and Title Avociatisn 10 chartered under
the Laws OF the State OF Virginia and no
other organization in existence can Offer SUI
pericr advantages 10 those who wish 10 build
q house or to place their msney where it
will DO doubled in a few years. The author
lied capital stock OF the Association is
s., 0O0, 900.
The acting officers, trustees and directors
Of the Association are:
Officers: Samuel III. Bowman, president;
Edward q. Garrison, vice president; George
W. Brown, treasurer; Z. Norris shumsn,
secretary.
Trustees: Y. Ullmsn, J. l.. Talisferro. j..
|. Boswell, Jr.
Directors: John Mann, Jr., OF Baltimore
Brick Company; 4. Il. Murphy, OF n. T..
Murphy b Son, coal and wood; X. l.. Hech-
Ter, with V. Hechler, Jr., a Bro, pork
packers; l.. W. Harris, Of Baldwin 4
Brown. hardware; S. II. Bowman. Of Bow
man, Boswell & Shuman. real estate and
insurance; L. q. Garrison, High Constable
pity OF Richmond; IT. Dunn, builder and
coatractor, Manchester, Va.
Parties wishing further information con-
corning the Association can communicate
with Mr.. q. Norris Shuman, secretary, No.
1901 east Nam street, who will be very glad
10 furnish It.