The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-04-02
INDEPENDENT BRANCH.
or the Guarantee Bond and Savings
Company.

Recognizing the fact that the great
mass OF our people can not afford to
purchase and own homes, as offered to
them through the Building and Loan
plans; nor is the return for this saw
ings in seven or eight years sufficient
inducement to the non borrower TO in
vest his small savings. And recogniZ-
ing that the Life and Accident Assoc
citations only offer indemnity i'll case
of death and injury, and contribute no
return for savings III life and health.
Without disparaging the methods OF
either of these associations, but deslr-
ing TO furnish mode of investment
for small earnings and savings not
supplied by existing plans, the organl-
zers of the Guarantee Bond and Saw
ings Company, of Georgia, have sup
piled this long felt want in the follow
ing manner:
BY the issue of bonds of the face
value of one hundred each due and
payable in three years and eleven
months from the date of their issue.
The investor pays for the purchase of
each bond, one dollar to the agent on
delivery, and by saving and depositing
60 cents each week, he natures his
bond of 800 in the time named, and
earns in addition / per cent on each
payment made by him from its date.
1t is thus seen that every go cents in
vested, the investor earns his 4 per
cent from date of payment, and realizes
an interest bearing capital Oh each
weeks small savings.
After payment for II months the
holders of each bond is guaranteed 4
l. /, ff,rt hnY N
curity being required. of 60 per cent
Of the amount paid in by him-thus
obtaining relief against any misfortune
which might overtake him at that time.
as the loan so made. if so desired, could
be applied by him in keeping his bond
in force for the term of thirt~-one
wceks-without any further payment
but of course this is only a suggestion
made as protection against Il forfeiture
of the bond-as the money borrowed is
in the absolute control of the borrower
and he could use the whole amount bor
rowed and continue his weekly pay
| ments at his option.
Should the holder of any bond die
during twelve months from the date
of his bond the entire amount paid in
| by him is at once due and payable TO
his widow. heirs. assignee or such other
persons as may be designated by him
so that death depriving him of the
ability to continue his weekly savings,
his whole earnings are returned 10 those
he designated and his thrift is reward
| ed and his loved ones benefited.
Again. should he continue his savings
for twelve months and die after the
expiration Of that time and before his
| bond actually natures. Is years and IL
months) the face of his bond $500 and
all payments made by him are imme-
diately due and payable to his heirs or
other persons named.
SO that after twelve months saving.
me has acquired indemnity upon his
| life. which could be otherwise only ac-
quired by high priced life policy. from
which he could only realize upon death
while here he realizes in either event.
The cash in full to him with interest
l if he lives three years and eleven
months. or the full amount of bond and
| all payments made. if he dies after
| twelve months and before maturity.
| You need not live TO win, nor lose il
| you die. The bond is only forfeited
| upon failure for five weeks to continue
| payments. 4 liberal provision against
pressing present necessities.
| Before placing these bonds with my
people or securing the territory of North
| Carolina, | caused to be made a strict
| investigation OF the character and
! ability of the home Office at Atlanta, Ga.
personally through one of our attorneys
| Owen Fl. Guion), and while satisfied
| that the men who have organized thu
company are among the best business
| men and financiers i'm the State, the full
list of officers and directors being fu'-
| nished by me through the prospects,
| sent out by the home office, feel that
our people would be better satisfied, ald
| could do myself and them better SIR
| vice, if | could obtain contract estab-
fishing an independent office in our own
city, where all moneys should be psid
in; every dollar invested from. and the
bonds due and payable upon death and
maturity. redeemed. This special con
tract | succeeded i'll securing for North
Carolina. and with the above purpose
in view | laid my plan before the direc
tors Of the bank of which | am cashieI
asking their sanction. and obtaining
their consent to the use Of their bank
as my depository.
| This being arranged, ] felt that with
the Farmers and Merchants bank as
/ my depository | would further rortffv
tile confidence Of the pablie by ass3-
eating in the eltef1nise some If tha
aetiye honorable business aen of this
Community to e9-orrate with ms, II s
plan lHef theiF endorsement and ap.
prasal- -ssila for tho pHrsose uaniAt &
harf organized an advisors board IL the
Following named gantleuHt III this etr.
wap haxe heartiiy endorsed the Liam
and vii .a.Dnerate with III HI all mat-
/ tefs FeIafin9 III fHe St4f.64sYS ut tha@ tsns