Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1892-04-09
VALUABLE ENTERPRISE.
A SAFE PLACE TO INVEST Y0OR SAVINGS
AND SECURE A NONE HONESTLY.

Second, to furnish persons who wish to
borrow money, and who prefer to re-
pay it in small installments, rather
than in one bulk sum and at specified
time, the means of doing SO at reas-
enable rate of interest. 1t is an as
ISOLATION of borrowers and lenders and
established for their mutual conven-
fence. 1t gathers together the savings
of the people, which scattered in small
sums, could not be invested to advan-
tage, and loans the money thus obtain.
ed on real estate and other safe securi-
ties and in sums to suit, to those who
want it to build themselves homes, to
pay off their liens, to invest in bust.
ness, etc.
1t is strictly cooperative or mutual
organization. The shareholders are
pro rata owners of the assets. Every
member is partner in the enterprise
in proportion to the amount paid in by
him, and is entitled to his share of all
the earnings. Shares are SIoo-and
no member can hold over fifty shares.
The monthly payment required is one
dollar on each share No imitation fee
Is required, but each member must pay
twenty-five cents for pass-book Shares
can be taken at any time, the Office be.
ing open every Saturday from 9 a. III.
to 5 p. M, and on the first Tuesday Of
every month from 7 too p. IN. Blu,
all payments made during the month
date as of Tuesday Of the following
month. Members must pay in on
their stock for a period of three years
before they are entitled to division o.
profits, which vii, be credited on theii
pass books. Members paying up their
shares one year in advance will receive
three per cent. on same.
For each 500 share held by mem
Der he may borrow 500. So that the
association cannot loan less than 500
nor more than $50 to any one per
son. The rate of interest is fixed BY
the bylaws at so cents per month OF
each $500. On the first Tuesday even
ing of each month, priority of right tc
borrow the money on hand, is sold al
auction to the member who bids OF
agrees to pay, the highest monthly
premium in addition to the so cent.
per month interest Members may
bid four eight, twelve, sixteen or more
cents per month on each 500, each
twelve cents premium representing les:
than I Y per cent. additional interest
Suppose the loan be SIoo-and the
premium bid be twelve cents PEI
month
The payment each month would be ST ct
The premium each month would be I:
The interest each month would be s
SIG:
A borrower may pay as much more
as he is able, and may also pay off one
or more shares of his loan at any time
The Valley Exchange has the follow
ing advantages 1t perpetual, mem
bers are received at any time, no en-
trance fee, and no back dues are re
quired. Members can take from ont
to fifty shares of stock, just as they
wish and if not satisfied after joining
may withdraw. Members are only re
quired to make monthly payments
can pay one year in advance if they de
sire and receive the 3 per cent. interest
They are not required to pay in six OF
eight years before receiving any bene
fit from the investment, but at the ex
piration of three years from the time O
becoming a member they are entitled
to a credit on their pass-books for theil
pro rata share of the profits. A Dor
rowing member gets the full amount
of his share, and he can pay it back a
any time without any penalty what
ever. This is great advantage. A
man can get money that he did not ex
pect. He may sell his property ant
desire to clear it at once, of incum
brance; many unforeseen events may
happen which make it desirable to pay
his loan at once and the privilege O.
doing so without being compelled tc
pay interest to the close of the year
or possibly for several years ahead may
become of great value. The Valley
Exchange can do this because it is con
stantly making loans and the money
does not have to lie idle if loan is
paid off, but is Immediately invested
again.
Its officers are f. Boyd Faulkner
president; S. II. Martin, vice president
J. S. Mathews, secretary; Geo. w.
Feidt, Treasurer NJ. T. Ingles, attor
ney; directors. c. II. Miller, George
NJ. Bowers, l.. c. Gerling, G. W. Bux
ton, John Lyons, f. B. Faulkner, VIM
+. Tebo, G.. w. Trimble and S. H
Martin. These gentlemen are all
widely known as safe, reliable and re.
sponsible business men, and with this
organization they consider your inter
est equally with their own. Keen
your money at home. Encourage all
such enterprises, and build your homes
with your own money.
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The Best Salve in the world for Cuts