Rocky Ford enterprise., 1893-12-21
THE FIDELITY b. 4 l.. ASSN.
One Of ColOradO's Strongest Finan.
cial Institutions.
A Savings Rank that Never Suspends
and Pays all Demands.

800 rays All VouAAuuss
The Fidelity Building 4 Loan Associa-
ton, Of Denver, is one Of the financial in
stitutions Of the state which has come
through the panic with flying colors. All
banks suffered, not excepting the best
savings banks. None Of them were pro-
tected by law from ~r,ns" and were COM
pelled to close their doors because all
could not be paid in one day or a few
days, and great losses have resulted.
Had such banks been protected against
runs" by law similar 70 the one under
which the Fidelity is incorporated, they
would today be affordin9 relief to the
many thousand families that are other
wise unable to procure their hard-earned
savings.
During this panicy period some Fideli-
ty stockholders gave notice of q wish 10
withdraw, which applications were duly
fled and every one has been paid. Dur
ing theee months Of distress the Fidelity
has paid every demand, restored entire
confidence among stockholders, IL out Of
debt and receiving renewed evidence Of
public favor every day. Such record II
will take years for institutions unprotect-
ed by law to make, even though times
are more favorable, and surely the record
il an excellent reflection on cooperative
banking, as represented BY building and
loan associations incorporated under Col.
orado laws. While there are nearly two
building and loan associations in the
United States to one bank, We have only
heard OF one or two companies bearing
ton that have suspended, and they were
small concerns which had accepted lia-
bilities not contemplated by the building
and loan plan proper, and prohibited by
the bylaws Of the Fidelity.
That the association has earned and de-
clared dividend at the rate Of 1z.62 peI
cent per annum in times like these, and
the actual payment in cash 70 IL holdera
Of full-paid stock, . dividend aggreeatina
nearly $4,000, 10 . record to be proud q.
and quite usual in such times as We have
expericnced during the months mentioned,
and speals volumes in favor Of co-opera-
tive banking under the protection oe 2
wise law. The management Of the Fidel.
ity feel more Rratidsd, however, over the
fact that because OF the protection afford
cd by the law IL has been enabled TO ren-
der relief 10 hundreds Of stockholders
thrown out Of employment.
Tho principle Of earning interest from
the day Of deposit On weekly or monthly
savings, and have the same 20 projected
by law that all possible loss Is avoided, i
ono that IL likely to ultimately become
the popular cooperative savings plan Of
the country. The very fact of itself thsi
tho Fidelity has already loaned out near
ly one-haR million dollars under the 90
operative banking plan, and that this, the
time Of its seventh semi-annual report, q
the end Of . financial panic, has dis
charged, IN compliance with the law un-
der which il u Incorporated, every de-
mand made upon II, i the very best evi-
denoe Of its popularity. Inviting as II
does the closest inquiry and scrutiny
from an interested public, with its care.
full, conservative directory OF buGneea
men oS well-known high character, il ID
believed that its future will grow bright.
ef, and brighter and that il will ultimate.
ly become one OF the great, strong, solid
financial institutions OF the west.
The Fidelity has good local board in
Rocky Ford and the business with the
home oflice has been such - to be mutu-
tually highly satisfactory. Many Of our
readers should avail themselves Of ths
benefits Of this cooperative and safe saw
ings bank. Fer further particulars Of ii
workings address the Fidelity b. 4 L
ASSN, Denver, Colo.