Evening star. [volume] (Washington, D.C.) 1854-1972, 1894-11-26
THE FIDELITY ASSOCIATION
They Believe That 1AIessrs. Dingman
and Wall YIN Come Out All
Right Eventually.

Inc local OHlcef6 or the t1Qellty builu-
ing and Loan Cortpanyi who are in charge
of the Offices in tie MSGill building in the
absence Of President bingham and Vice
President Wall, We're apparently as calm
and undisturbed this informing as they ever
were in their liYes. The secretary. Mr..
Alonzo Tweedales the supervisor, Mr..
Charles j. James. andl the clerks all ex-
pressed condolences in the victory of Messrs.
Dingman and Wall over their accusers in
Pittsbt'rg, and We're a unit in declaring
the treatment to which those gentlemen
had been compelled to submit.
The Synder woman, who was induced
10 Drlng the original charges in Pittsburg
against our officers said Mr.. James, has
peeh IN arrears upon her dues since last
jury, and has not paid cent since then.
II Is my impression that parties in Pitts
burg who are opposed to national assOcia-
tions competing with state organizations
IN fennsWVania got her and the others to
bring charges in order to injure such as
soclatlons In the estimation Of the public.
great deal of stress seems to have
been laid upon the fact that no bonds,
una.oItsages or loans were found In the
n I'M, ONCE, continued Mr.. James.
Ihere Is no reason why there should have
peen. Inc main office Of the company is
mere; all loans are made here and all Sc
9 gh belonging to it are kept here.
PROOF or all the charges that have been
natChed up against Mr.. Dingman and Mr..
wall, ana then, l imagine the persons re-
Spohsipie Ior them will get well punished"
What Secretary TweedaIe Says.
secretary Tweedale was asked if per-
son investing money in a certificate of the
company would lose what he had paid in
IL ne allowed his further payments to
lapse
he
MS money already paid in willingly" said
Mr.. IWeedale. IF a person enters the
company ana pays the assessments for a
time and then fails to meet his obligations
ne can come In at any time thereafter and
by paying up the delinquency re-establsh
his standing in the company, and have
his certificate returned"
suppose person pays up for a year
and then desires to withdraw" queried
the reporter.
by the agreement entered into between
the certificate holder and the company no
WITHDRAWALS are permitted under two
years, replied Mr.. Tweedale. IF a per-
son desires to withdraw after two years.
when he has paid in, say, $50, We will give
one-half, or SO, for the surrender of his
certificate, or We will issue to him a GER
tiicate for $50. bearing interest at per
cent per anpum, and redeemable at the
time the original certificate, which runs
for eight and half years, would become
DUE"
What is such $50 certificate WORTH
what the holder can get for 1t from a
person who wants a good q per cent invest
ment running for five or six years, as the
case may be. On such certificates we loan
one-half their face value at the prevailing
rate of interest, and hold the certificate,
still paying, however, per cent to it's
owner.
Satisfied Az to the Outcome.
81 have no earthly doubt that the out
come of the prosecution of Messrs. Ding
man and Wall in Pittsburg will abundantly
verify my conviction that it is the result OF
a conspiracy" said Mn. Tweedale in con-
clusion. Mr. Wall to-day telegraphed for
copies of our charter and the contracts held
with the parties bringing the charges, and
stated that he Wds wen and not worrying.
If he and Mr.. Dlngnlan desired to be re-
leased on bail plenty of bondsmen would be
Forthcoming. L am Informed that r. q.
Dun & Company, ffaves been authorized to
give bail for MIRO Dngman in the sum or
$4,000 IL necessary" ~
The reporter inquired how many stock
holders there were in Washington and was
told that there Were about 800 who paid -
cents a week on their certificates which, II
kept up for 40S weeks, er'fC2 months, would
entitle them to 500 80
"Our money Isl kset turning over all the
time" said the secretary. when the
weekly payments are received they are i'm
mediately invested in loans and mortgages
and other securities. and the interest upon
same manner
1T is srid that the company by its char
ter is permitted to use 80 per cent of its
gross receipts for it's expenses, suggested
the reporter. Secretary Tweedale said this
was true, because the expenses of such a
concern were necessarily large, each GER
tificate holder being visited by collector
either weekly or monthly, as his agree
ment to pay his dues might be- and the
clerical force necessary to keep the books
and accounts of the company being cor
respondingly large. Secretary Tweedale
also said that the publication of the news
Of the arrest of the officials of the COM
pany in Pittsburg had had little or no eff
feet in creating any distrust among the
local certificate holders, not more than
dozen of them altogether having called to
make inquiries looking to withdrawal of
their deposits.
Comment of Certificate Holders.
The Star reporter talked with several
certificate holders in the company who oc
cupy responsible positions in Washington,
and while two or three of them expressed
the wish that they had the money they
had deposited with it in their possession,
none was found who did not express con-
fidence in the stability of the concern and
the belief that they would get their money
In the end.