The silver lance., 1897-07-16
gREAY. AND STILL GROWING.
REMARKABLE SHOWING OF A
POPULAR FINANCIAL INSTI-
TUITION.
The Fidelity Savings Association of Denver
Makes q Phenomenal Record.
(From the Denver Republ

succeed, especially If 1t Be a home institu-
tion,, and conducted by prominent and
when that % success has sur reached % Beyond the the
limit of the most sanguine expectations, and
son of energy and merit, then we all feel like
Joining In the enthusiastic applause to which
troublous, unsettled times we want to know
that when W. invest few Of our surplns
satisfactory margin of profit added to them
Many persons would make more Of an EFFORT
TO save portion Of their earnings II they
could only feel sure that it would be abso-
lutely safe and prove a source of some rev.
though the public confidence may have been
severely shaken during the past few years
Is well for them to remember that here in
Denver there is at least one place where
and at the same time earning something for
its owners.
Growth of the Fidelity.
the Fidelity % Savings @ eapa 81 this
city was S106,o00; in May, 1898, it was s2,-
92999 a240"9 a in Nay 1872 it saa had grown to IS;
the magnifeent total Of s4,71oooo.
We n,hs here t., have an nstitgtIon which was
e assets amounting now to $s21, 1888, prac-
years, for during the first two years Of As
existence the Fidelity did comparatively lit
the pancSy t@es dp1n S groTnr snce sa
and then ask the question,
Will the Fidelity Grow?
a.GSu Grow! OF course t. will grow: Hasn't It
tutions Went into a deeIinea And is there
Of It's growth will be in future years?
Notwithstanding the unbounded populari-
management proposes to make 1t still more
So and to that end have adopted a number
OF valuable
New Feuturas
Which will enable it to maintain Its we'll
earned position and reputation as the
ele aoSt p9PgaF and 1sn o1e
Of these new features is that the de-
posit class of stock which has been carried
Tor ABOUT two years is made as free as bank
stock, ne charge for either deposits or with
drawals being made, and the stock is not
After July 18th the monthly payment class
Of stock will be placed upon an equally free
ais after being carried a brief period, with
out charge, and with at least per cent
profit; profit The y customary building and loan
meet payments will be dropped. This prac-
ticaIly places the Fidelity on the same plan
as the great Birkbeck Building and Loan As
sociation of England. which now handles
Over s4O.OOO.OOO of Deposits.
Per annum, and upon the same basis as the
Society for Savings, of Cleveland, Ohio, that
has already accumulated more than $24 ,0OO.-
900. Thus it will be seen that the Fidelity
Savings Association of Denver is entitled to
safest financial concerns in the world
Again. the loan plan of the Fidelity will be
a fixed payment per month will cancel their
loans In term ranging from i've to ten
years according to the amount of the pay
ment, and under n contract that will deter
mine the ultimate period beyond which pay
meHts cannot be demanded. Such are some
gressive association, which will insure for 1t
a future growth and prosperity beyond all
Asked concerning the new building and
loan law passed by the last Legislature,
makes no o. difYerenee Inference whether nni that ' law is
constitutional or unconstitutional, because
the improved plans Of the Fidelity are much
more liberal than the most exacting terms
Of that statute require. The law in no man.
Tsaot ner changes or affects any existing con-
Home Building and Money Saving,
These are the main hopes and aspirations
OF of majority Of the people OF to-day, and
ends and aims. This inquiry can be easily,
correctly and satisfactorily answered by ac-
GI%aintdpg nd ones s, self Tdh the plans meth
citation. This association. even in the most
panicky times, has met every contract, and
that for about three weeks during the worst
OF the panic of 1898 notice was required. and
even then one-half of the demanded with |
drawas were paid at once, thus avoiding
hardships TO any one. The business of the
rate, times are improving, and there Is moth.
ing to interfere with still more marvellous |
growth than heretofore.
Magic of Compound Interest.
The sum of 500 at 10 per cent. semi an |
nual compound Interest would amount in |
fifty years to $l3 100. Our speculative ten
dencies prevent US. as lndiyiduals from ac.
do it for us. 1t Is all In not spending, but
permanently holding and constantly COM
Is an Investment in Fidelity stock safe7
1t is; for as comprehensive statement just
Issued by the Fidelity shows, the officers |
cannot loan to themselves to others upon |
securities In which they are Interested. All |
loans are made upon well-selected improved |
real estate, in amounts not exceeding one
half Of the value of the securities, and are |
made under the careful Inspection and su-
pervision of the board of directors all loans |
being to members whose stock is held by |
the association as collateral. The law pro- |
runs" so disastrous to most financial In |
stitutions In times Of panic Al officers
required to give sufficient bonds Loans are
made principally in small amounts, on the |
homes Of the borrowers. who make monthly
there are no losses from commercial risks, |
ure of business firms, and the danger from
carrying large cash deposits, to be taken
Into account.
Omcers Of the Fidelity.
The standing and reputation Of those who |
are entrusted with the management and |
control Of any financial institution is an i'm |
portant factor either for against Its status |
In the community. and in this regard the |
Fidelity Is singulary fortunate, its officers |
including some of the best known and most |
prominent citizens of Denver. They are as |
follows: President, J. S. Wolfe, president |
ment Co. treasurer, Ed s. Irish, assistant |
cashier of the Denver National Bank; secre- |
tary, e. II. Webb. sheriff Of Arapahoe |
county; assistant secretary. G. w. Camp
bell; managing vice president and attorney,
E. NJ. Johnson vice president and assistant |
Ernest and J. G. Helm, ex-chief justice Of |
Colorado. The depository is the Denver Ma
tional Bank. one Of the strongest and safest |
banks in the United States.
Those who desire to either build a home
on the easiest possible plan, to save q |
portion of their earnings should call at the |
offices of the Fidelity, 2O2 to 900 Ernest & |