Daily tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1895, 1892-04-01
BEATS A SAVINGS BANK.
A Safe and Profitable Investment for
Saving Money.

in small sums. There is no question
about the benefits of such institutions
when well managed. But here we
have an enterprise in GAINESVILLE
that is much safer and 0utstrips all
savings banks in the accumulation
Of profits for the benefit OF its MEM
bers, and people who have taken the
trouble to investigate its workings
are putting all their surplus money
in it; moreover the money goes out
Ms fast as its comes in, on the very
best real estate securities, compound
ing interest monthly, and at the
same time helping some poor renter
to buy farm or home OF his own,
and pay for it by saving the rent
money. The enterprise referred to IS
the Tennessee National Building q
Loan Association" 1t is chartered
association with an authorized capt.
tai OF $5,OO0,OO0 and privileged tol
operate anywhere in the United
States. 1t differs from most of such
association I, in that it combines the
features of both the savings bank
and building and loan plan, and be-
gins new series with every month.
The shares are 800 each and the
stock is calculated to run SO months
or years to maturity, but it pro-
vides for transferring stock or draw.
ing out al any time after one year
with the accumulated interest and
profits. Investors can take from
three to 100 or more shares, paying
81 per share membership fee and 10
cents per month on the share to the
discharge of the stock.
To illustrate: Taking ten shares
for example, the investor pays IN
$40 membership fee and $6 monthly
dues for eighty-three months-total
1868. At maturity he withdraws
ST. 900, and his profit is 1892, the
UlODty lHFVotSu ANoilJt " f'S~S
doubling itself in seven years.
Investors who want to pay In adj
vance and draw interest on their
money can buy any number of bonds
or coupon certificates 800 each, for
SOL, the interest coupons payable
semi annually. For illustration A
man wants to invest $500 at interest.
He can buy ten 500 bonds for 500
he draws 1915 interest every six
mouths for seven years, which Is
S2lO, and at maturity of the princi-
pal 81 900, which is s1,2lO ne gets
back in seven years for $5lO-a net
profit of 800. 1t may appear that
the borrower pays a very high rate
of interest to accumulate such profits
by compromising, but the borro wei
as a member il also securing his
share of the profits and is benefited
in other ways. For instance rem
ter who pays out $3.50 a year for
thousand dollar home, whether it be
q small farm or town property, VIII
in seven years be out 81, 1850, and the
interest on same, which he can never
get back. Suppose he takes ter
shares, borrows 81, 900 and buys thu
place, in seven years he will have
! paid into the association:
Mem bership fee..... ........ ..........''' y
MONTHLY interest, IS for S3 months. $50. 81
Monthly premiums. So for 80 months'.'... Al
Total cost in seven vears.............. 81, 3S
So he has had seven years IL
: which to pay back his borrowed
money and is out 1888 for his thous
and dollar home, and has saved $7l.
rent money, which, of course, ha
r gone into his home. This makes /
look very much like the poor man
institution and savings hank, as it I
also the moneyed mans haven o
safety.
There are so many excellent feat
, ures in this enterprise that 1t !
worthy every mans investigation
> There can be no safer investment ant
1t is under the management of som
of Clarksville's most trusted, success
!, full, cautious, business men. IL. u
Moseley, cashier of the First Nation
al Bank, who is well known as
prudent, safe financier, is genera
agent or manager 4. ID. Lucket'
=. one of our successful tobacconists,
: president Matt Gracey and II. L
Moseley, vice presidents and w. I
Dortch, secretary. The officers hand
: ling money are under heavy bond
The Executive Committee consists
Il. ID. Luckett, w. M. Daniel, Mat
= Gracey, r.. ID. Moseley, w. I
q Dor,ch, c. w. Tyler and M. ID
: Clark.
The Association let out 81 900 las
, week and will have several thous
and more to let next week, whic
has ready demand.
n One of the greatest blessings to b
/ expected from this organization is 1t
o simplicity in intoxicating econom,
. and stimulating a spirit or desire TO
? saving something that otherwise goe
;. to waste. How many housewife