New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1895-03-13
STEADY HEALTHY GROWTH,

STEAD HEA THY GRO WITH,
That is what. tho New Ulm Branch Of the
Minneapolis Guaranty Saving AMI IS
Loan Association.
Has Been Experiencing During the Past
Twelve Months. A Statement Follows.
The New Ulm branch Of the Guaranty
Savings and Loan Association shows q
decided and healthy growth during its
existence in this city for It's first year,
which ended with the LIST of March, 1895.
The number of loans made and the to-
tai amount thereof and also the amount
OF stock sold in this one year far exceeds
all expectations. Still this fact is not
at all surprising, when the stability Of
the general association is considered. as
fully ninety per cent of its assets arereal
estate first mortgages. This means that
the same per cent of its liabilities are
| guaranteed by the best security that it is
possible to obtain under any system that
has ever been devised.
: Take the Building and Loan as an in.
vestment. You invest small amount
OF your earnings every month for some
definite time, say the eighty-four pay
ment plan. And at the expiration OF
this time your money has almost, dou-
| bled itself-to say nothing of the fact
that nine people out of every ten would
have squandered these small payments
or at least good portion thereof with
out tangible results Franklin has said
''Remember that money is of a prolific
generating nature. Money begets mo-
ney; and its offspring can beget more,
and SO Oh. Five shillings turned is six,
turned again is seven and three pence
and so on until it becomes hundred
pounds. The more there IS of it, the
more it produces at every turning. So
that the profits, rise quicker and quicker.
He that murders a crown, DESTROYS all
that it might have produced scores
of pounds"
These truths are exemplifed in the
plan of the Guaranty Savings and Loan
Association, where money is allowed its
full generating powers for the benefit of
the member.
Again. take the Building and Loan as
an aid in the securing of homes to those
of scanty means, through the medium of
loans made payable monthly in small
instalments. The systematic and COM
2ulsory saving which results is advanta-
geous IN many ways. The borrower knows
just when and how much he is expected
to pay each month and often saves a few
cents or dollars that would otherwise 90
to purchase some unnecessary tride. If
he has not the money, he has the incen-
tive to extra industry that he may earn
it. If one habitually saves he cannot
but grow more Industrious, temperate
and contented. A man who is paving
for his home takes great satisfaction in
knowing that his toll is gaining for him
something permanent, whereas he would
have easily grown disheartened if after
years of labor he had nothing to show
for it. The man who owns his home is
more likely to become valuable citi-
zen and there is no plan by which he can
so rapidly attain that position as
through the Building and Loan.
During the past year the New Ulm
branch of the Guaranty Savings and
Loan, of which Mr.. Henningsen is secre
tary, issued 1854 shares of stock to local
citizens and the amount of loans made
right here in town was $4,000. The
Guaranty Savings and Loans Associa
ton is the only state association which
does all of its business through local Sec
retaries and boards of directors and is
the only one that seeks to place its loans
in the towns where it has shareholders.
This is certainly al excellent feature
and one that recommends it to all inves
tors. Mr.. Henningsen has charge o. the
Associations business here and is pre-
pared to sell shares or issue loans at any
time, with the approval of the local
board.
An E I'VE for an Eye" -
"Whosoever sheddeth mans blood. by.