Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1893-03-01
SOLID INSTITUTION.
SPLENDID SHOWING OF THE UNITED
BANKING AND BUILDING COMPANY.
Steady and Heavy Increase OF Bussness--
Large Dividend and Bright
Outlook.
, third ,onor, Of the president

The third annual report OF tns preslueus
of the United Banking aEt Building Con.
pany, which was submitted oau ADJOURNED
meeting of the stockholders OF the COM
pany hold YESTERDAY - Of interest not only
TO those who now hold stock IN the COM
pany. but 10 Others whoar contempiatip.
investments. IL shows Conservative and
sagaciOus management and demonstra.es
that there - no safer field for socumuia-
ton and none paying larger and more eer-
tain profits than institutions conducted
after the manner OF this company. Inc
United Banking and Building Company
earned "a per cent last year 70 its con-
tlnulng stockholders. and stands to-day on
basis that s "A guarantee OF continued
prosperity. The stockholders expressed
their confidence IN the management OF
the company by rc-electnR tho oid oi-
rectory. as follows: W. j. Johnson. Adol-
phus Blair William Ryan, II. l.. Denoon'
and Lewis III. Blair.
rHE PRESIDENTS REPORT.
The Presidents report reads "a follows
RICHMOND. Va, February a, 1898.
10 OtU Soc,i,o'ders:
The Board of Directors Of the United
Banking and Building Company con-
graduates the stockholders on the success
tine company has attained during the past
year Throughout the territory princi-
pally occupied bv the company loJ2 VAS
an exceptionally dull year IN all branches
OF business. and was n year OF liquidation
rather than OF investment. Yet, notwltn'
standing these adverse influences, which
had tendency to have n depressing eject
on investments Of almost every character,
the business of the company has enjoyed
a steady aud healthy growth. our install
ment stock having increased SO per cent.
and our p8id-up stock 100 per cent. Mter
having deducted all stock SIX months IN
9. - Lot IA col
panv has earned IL per cent. for It's con-
| tlnuing stockholders.
AUspIcIoUs oUTLooE.
| Despite the fact that general business is
| still IN a state Of inactivity, the year 1873
| opens most uspiciously for our company,
| the subscriptions 90 rs stock having IN
| creased more than Z,JCO shares during
! January and February. The company was
| never in q more prosperous condltlnn thah
| at present. and us future oGt!o"h was
never brighter, and we can safely predict
that the increase during tho balance Of
| this year Will be IN equal ratio.
| IL IS q gratifying fact to note that with
| drawals hayo boon cOmpalatiye.y light
| during the past year. and tins Wa consider
| exceptionally good evidence that the busi-
ness of the company ls beng maintained
on a sound aud healthy basis. Tho loans
| of the company are IN excellent shape and
| the security ample and first-class IN every
case. All applications for withdrawal
nave been paid aud oil loans passed on to
date.
4 RECOMMENDATION.
The Board of Directors again take occa-
| sion 10 specially recommend TO investors
| the paid-up, interest bearing stock OF tho
| company, which Is sold az $50 per share.
| On the cost Of this stock an annual inte-
| rest OF per cent. payable seml-annually
| ton the 1T days ot January and July, 10
| PAID. The stock also participates equally
with the instalmcnt stock IN the profits OF
| their business. and at its maturity ~ re-
deemed 10y the company az 500 per share.
regardless of the interest already PAID tho
! holder thereof.
Considering the absolute safety aui So
| curlty of an Investment IN ,he stock or
! THIS compsny, combined with tie fact
that the most profitable agencies known
are employed 10 yieil the stocknolder
| large returns on hislnyestmelt. the Board
| OF Directors urges ell tar-sighted investors
10 subscribe 70 either 'paid-up or install
ment stock before the close of 1893.
LEWIS II. BLAIR.
| President.
Upon the adjournment Of tho stock.
holders meeting tho directors mot and
elected Lewis II. Blair president; W. j.
johnson. vlce-presldent; W. {. Preston,
general attorney Samuel s. Elan, secre-
tary and treasurer. and +. NJ. Crntchheld,
assistant secretary AID treasury.