The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1893-01-10
SAVE YOUR MONEY
By Joining the Pioneer Building
and Loan Association.

During the present month the
Pioneer Building and Loan Asso-
citation Of Hawaii will issue its
sixth series of stock. Subscription
lists are now open and may be
found with J. G. Rothwell, Theo.
Lansing and A. V. Gear. The
association has prospered during
the past year, adding in the neigh
borhood of Is per cent. to the book
value Of its stock.
No better " New Years resolve y
could be made than to lay aside
that ten or fifteen dollars hitherto
foolishly spent and invest it in the
Pioneer Building and Loan Asso-
citation.
The following extracts are taken
from the San Francisco Chronicle,
and refer to building and loan
associations:
The workings of these institu-
tons are so simple that they may
be easily comprehended by persons
with merely q rudimentary know
ledge of bookkeeping and finance,
therefore every shareholder without
much effort may constitute himself
a committee of one to check irregu-
Iarities. This accounts for the fact
that they are absolutely safe, or as
nearly so as it would be possible
for human ingenuity to make a
money saving and earning institu-
ton.
For the benefit of those who have
never given the matter attention
We shall endeayor to show how a
man earning q small weekly wage
may, in the course of few brief
years, become the owner of a piece
OF property or : considerable sum
of money without making any saeri-
fee deserving the name. Let US
assume that a man is receiving SIS
8 week. Out of this amount, with
out przeticing anything like severe
he can support family
and lay aside So every week. With |
this margin of savings he would be
justified IN taking ten shares in a
local building club, which would !
require the monthly payment of the |
sum so, the monthly dues being |
81 per share If his purpose is
merely to invest without building |
be simply pays in his so every
and if he perseveres he viii
ind that st the end Of from 10S to
100 months he viii receive $500
'or every share, the scheme of the
ocal clubs being to pay of share
holders when the shares capitalize
hat amount.
1t ought not TO be difficult to
Understand how the feat Of paying
o the shareholders 800 for only
los paid in is accomplished. The
Inference between the two amounts
the interest earned by
he dollars deposited by the share
folders each month As soon as
hey are paid in they arg at once
0zned out to shareholders and be-
in 10 earn interest. Not only does
be dollar paid in earn interest, but
be interest earned which il paid
4 every month is promptly loaned
Ut and at once begins TO earn
lore interest; thus ezemplifying
D the eompletest extent the won
erfal capabilities Of ''the nimble
ixpence"
There i one feature Of the build
~ club plan conducted on the
lczl principle that deserves TO be
Emphasized, as it removes the one
5jectiou which deters many men
ON embarhng In anything Ike q
conveyed venture. There Is moth
Y speculative about It, and should
le shareholder at any tine Be IN
BE to carry out his engagement
: can sell his shares 1t z figure
hieh VIII permit him to feel that
hle he has not enjoyed the full
=neft which would have accrued
him If he could have gone