The daily morning Astorian. [volume] (Astoria, Oregon) 1883-1899, 1896-07-23
NEW ENTERPRISE
FOR ASTORIA
Well knOWn Financial Institution OF
Denver. Colorado, to
Open Here.
THEY BELIEVE IN ASTORIA
Fidelity Savings Association Will Therefore
Invest In This City and Has rleaty
Of Noney 20 Lend-Ageasy
Established

Another business enterprise has been
opened IN Astoria The Fidelity Saw
ingS Association. OF Denver Col. has
decided 20 open u branch office and
local board In this city They have
money 10 lend and invest Charles II.
Tillon. general agent OF the company.
has been In the city for several days
investigating the situation To an As
torian representative he said yesterday
that after thoroughly examining many
cities Ia oregon and on the ooast. he
mad decided tina, Astoria was one OF
the few places where his company
cared to. plant any capital.
we are a building and loan and In
vestment company, The Fidelity was
established seven years ago In Denver.
and II today the largest concern OF It's
kind west OF the Missouri river. We
are here TO put money into Astoria be-
cause We believe In Astoria. have
carefully examined your city and It's
future prospects, and from what
can learn OF the results to be attained
by the building OF your railroad. I am
satisfied that this Is a place We want
20 do business in, We have today
subscribed capital OF over S5.0oOOoO,
s7OOO0O OF which is fully paid up. We
are different from other concerns be-
cause we operate on a conservative ba-
sis and only invest In gilt-edged prop
erty or IN gilt-edged community. as
torlR meets all our requirements. and
We can today lend large sums Of
money on city property. improved or
upimproved. We have taken large
subscriptions Of stock in Colorado
mining camps, where we make no
loans. and have surplus OF money
Immediately available for loaning pur-
poses on good security. our dealings
here viii be with the best class OF your
property owners so far as forming a
local board of appraisers is concerned.
and am prepared to do business with
any one in the city limits so far as
loans and investments are concerned,
we have three plans of investment.
the deposit, the prepaid. and the
monthly payment Shares under the
prepaid stock plan mature and double
In about six years. Under the monthly
payment stock plan. shares double In
about eight years, On loans on prop
erty. a man can build a house and
pay the average rental for a similar
house and come out at the end OF six
or eight years the owner OF the prop
erty. with a profit Many who have
mortgages on their property which
they cannot meet, can take care Of
them by investment In our company
A laboring man by spending sixteen
cents a day, which almost any one can
save out OF cigar or bar bills, can in
eight years draw out a thousand dol
lars and at the end OF that time will
in addition have as much ready money
as he would have had without making
the investment. The thousand dollars
is to him like finding II in the street
or a gold mine,
Ex-Governor James b. Grant, vice.
president OF the Denver National bank,
and Mr. ]. C. Helm. ex-chief justice
OF Colorado, and now one Of our d.
rectors. were the original founders OF
this institution. Governor Grants
bank is our depository OF funds Mr..
Helm. you viii! remember, ran for gov
ernor against Gov. Waite. Mr.. ]. S.
Wolfe is president, MIR. Ed S. Irish is
treasurer and Mr. e. H. Webb secre-
tary of the Fidelity,
After making a careful canvass of
the whole situation here. l am firmly
convinced that we can do good busi-
ness in your city, and have appointed
Mr.. r, L, Boyle as our representa-
tive here and secretary of the local
board. 1t remains for Astorians to
say whether or not the enterprise shall
be a success, We have the money to
invest Immediately. You can utilize
II by Joining in the movement and es-
tablishlng local board"
Mr.. Boyle yesterday received a
letter from Secretary Kincaid stating
the Fidelity Savings Institution, OF
Denver, had deposited the necessary
100000 to enable them to enter this
state for business, Astoria win not be
slow to take advantage of this new
business opportunity.