The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1894-07-08
PROSPEROUS DEPosIToRs.
Big Dividend Declared by the Building and
Loan Association.

The best evidence OF the prosperity of a
city is the prosperity of its workingmen in
ali the avocations. The best evidence OF
the condition of the working people is the
prosperity of local building and loan asso-
Citations, for they have taken the place
OF the savings bank to great extent
for the reason that the details of their
management are better understood by the
depositor and their condition always opsn
to inspection. They are also more handy
to men whose savings are represented only
by few dollars week.
Last evening the Wichita Perpetual
Building and Loan association sold 80
shares on the fourth series. The last series
paid over IS per cent and this doubtless
was the cause of the fresh and lively i'm
petus given to the association. II is doing "A
great work for those who want to save
something for rainy day and, by the
way, it il a work of patriotism for there
are no salaries, except nominal salary to
the secretary, paid. The whole country
could be searched in vain for a stronger
Institution. Its affairs are managed by
such sterling citizens and acknowledged
business men as j. w. O'Neil
OF the Electric Street Car line,
J. J. Mcnamara of the dry goods
house of Munson g. Mcnamara, CHARLES
Cohn of the Boston store, K. {. Stewart of
the Iron works, w. R.,Dulaney, superin-
tendent of the stock yards, Mr.. McClung
the wholesale shoe man, j. ID. Hutchlngs
and host Of other gentlemen who are not
visionary finaucierS but solid and substan-
tial business men whose success In life Is
the best test Of their ability. These gentle
men attend the weekly meetings as regu-
larry as If it was religious duty. They
DO not 60 there because of the profits they
make out of the investment for the daily
personal expenses of some of them aggre-
gates as much as the profits OF their stock
In six menths. They are all extensive
EMPLOYERS of labor and their sole
idea in promoting the success of the asso-
citation is to enhance the condition of their
employees and working men generally by
giving them a safe and reliable opportun-
ity to accumulate their savings with a
profitable interest. BY their work they
make patriots In A practical way for
patriotism is based largely on homes and
this institution is essentially one for the
building up of homes. A young man may
invest three dollars a week on beer for Il
life time, and il Will not make him an iota
more patriotic, but every dollar he puts in
n home intensifies his patriotism and lifts
him up to the dignity of a stable citizen.
This is especially true il the said home rep
Tesenls the sweat OF his brow or the eXer-
else of his brain or Drawn.
This institution never Inconvenience
depositors, for when they see An oppor-
tuuity to invest their deposits more
profiJsbly or of using it for any other pur-
pose it can be withdrawn at any time.
The hope of the poor man who wants TO
save his little weekly surplus is the Build
ing aud Loan association, and il is mat
ter of regret that many more people
90 not join it. In other respects
il is a good invest meut. The de-
positor. come in contact every Saturday
night with good ana influential citizens
and business men and hence raise them
selves in the estimation of men who can
encourage and help them. Agitators can
say what they please about the grind of
the rich upon the poor but nothing so
peases a business man as To see a poor
man saving his money and showing a dis
position 10 help himself and his family.
That certainly Is the case with the gentle
men mentioned.