The San Francisco call., 1896-09-21

the south side of Oak street, 81 :3 west of Ash
bury, for $3.50, and lots 8 and 8, on the cor
ner of California street ana Tenth avenue, for
$2400.
Country sales made by Charles E. Gregory of
the same firm are: Lots 2, 3, A, ,, 20, 21, %,
%, % and a of the Hale ranch, near Noun
tain view, total of 13S acres, for $4,000; lots
23S 239, 240 and 241, comprising Ill acres in
the McMahan rancho in Solano and Yolo coun-
and 40 acres of the Goad tract, near Niles, OF
$4,000
the following sales: House and lot on north
line of Bush street. east of Buchanan, L G.
Levey, $3.50; lot and improvements on north
line OF 81. Rose street. west OF Masonic ave-
nue., 25x100, TO Thomas Cunningham, $4,000;
lot and improvements on west line OF Mason
street, south of Lombard, 4Sx70, to Richard
Hermann, $4,000; So acres al Castroville to NJ.
b. Carry, $4,000; 10 acres at Los Gatos TO b.
Dun. $45OO; ~ acres at Millbrae to L. john
son, $4,000.
Mutual Loan Association, now the Oldest in
stltutlon OF the kind in California, held their
twenty-hrst annual meeting Monday evening
at their hall corner of Seventh and Willow
streets, West Oakland. Secretary A. Sbarboro
read his twenty-frstR annual report, which
shows that the association has had remark
ably prosperous career. In twenty-one years
II has assisted 5l7 mcmDerS to acquire homes
Tor their families in San Francisco ana Ala
media counties, and in that long period OF time
II has never foreclosed single mortgage. It
has only acquired lately from delinquent
stockholder small house and lot on Campbell
street, which cost the association $500, but
the officers expect 10 sell without sustaining
any loss whatever. The amount loaned to
members since the organization OF tie fnstitu-
t1on was $57S, ,04S 80, and 424 stockholders
have already repaid their loans, aggregating
$447, 1856 SO, there still remaining SO borrow
ers who owe the association $130, ,S62, which
they are rapidly paying of by monthly Install
ments.
The association has also paid out to share
holders who have found use for their money
in profitable investments, the sum of $697,-
273 90, including $186,993 ~ earnings,
showing the interest received by the with
II per cent per annum In accordance with the
age OF the shares so surrendered.
The ins titution continues, even in these hard
times when many banks have stopped making
loans, to help its members to buy or build
homes, the interest being still kept at 6 per
per share, which makes the monthly payments
by the borrower $12 so for every $1,000 net
cash received by the same.
These monthly 1nstallments enable families
OF thrift ana frugality to acquire their own
homes for about the same amount that they
in rented houses.
The stockholders were much pleased at the
report presented, and by unanimous vote re-
elected the following officers and directors:
President, A. Merle; vice-president, c. 81.
Spaulding; treasurer. William Wagner; secre-
tary, A. Sbarboro; attorney for Alameda
County, Land Title Company of Oakland; at
torney for San Francisco, d. Freidenrich, and,
in addition to the first three-named gentle
men, c. s. Martin, August Flick, Joseph Schnei-
ly, G. D. Welch. C.. A. Malm and G. B. Cevasco
as directors.
The books were then opened for subscription
to 1000 sh ares of stock of the twentieth series,
and many shares have already been taken.