The Springfield herald., 1897-07-16
gREAY, AND STILL GROWING.
REMARKABLE SHOWING OF A
POPULAR FINANCIAL INSTI-
TUITION.
The Fidelity Savings Association of Denver
Makes . Phenomenal Record.
Trom the Denver Republican,


tion,. and conducted by promipent and
worthy residents of our home city. And
when that success has reached beyond the
limit OF the most sanguine expectations. AMI
has become marvellous achievement by rea-
son of energy and merit. then we all feel like
s%hs snah success se Is entitled Hcsdes In then"
troublous. unsettled times we want to know
ha whgn hsv W. na ,eT m 81 ss enF b" sTrpi p
return to us when needed. with fair and
satisfactory margin of profit added TO them
to save a portion of their earnings II they
could only feel sure that II would be abso-
lniely safe and prove sGnrcf Of some n ssS
though the public confidence may have been
severely shaken during the past few years
by the unusual number of bank failures, u
Is well for them to remember that here III
Denver there Is at least one place where
they can feel sure that their money Is safe,
and at the same time earning something Tor
its owners.
Growth of the Fidelity.
In May. 1890, the subscribed capital OF
city ns was si5e 60 rhsS II May, isSa' il was s%
1900; while IL May Mny. 1857, ii had reached
the magnificent total of SiIlQ,OW
we here IN hnys wifi MhSG nn
tribution capital, and has nm accumulation
Of assets amounting now to $s2I I:f9ao, Pr,,c.
years, for during the first two years OF rs
existence the Fidelity did comparatively IT..
tie business: Look upon this Growth a dIrlnS ,sa..
and then ask the question,
Will the Fidelity Grow?
Grow! or course 1t viii! grow Hasn't 1t
grown wonderfully during the last four m
healthy years when nearly all other inst, insrc
any one who can predict what the extent
OF its growth will he In future years?
ty of the Fidelity AT the present time. It's
management proposes to make IT. still more
SO. and TO that end have adopted number
New Features.
Which will enable 1t TO maintain Its well,
earned posi- tion and reputation ms me
most most popular and rIlrosre;wSlnys, hnam, nan
OF these new features is That the de,
posit class of stock which has been carried
for about two years Is made as free as bank
drawals being made. and the stock Is not
subject to runs, as In ordinary banking, l
OF stock Will he y laced upon an equally iree
basis; on terms that Will permit wiihdraMT
profit. The customary building and loan
practice of charging iine for future te
tically places the Fidelity on the same plan
as the great Brkbeck Building and Loan AS
: ISOLATION of England, which now handles
Over s4o.Ooo.ooO of Deposits.
Per annum. and upon the same basis MS the
has already accumulated more than S2i;G
600. Thus II will be seen that the Fidelity
Savings Association of Denver Is entitled Il
and occupies a place among the largest ahu
safest financial concerns in the world.
Again, the loan plan of the Fidelity Will b'
changed in such way that parties making
II fixed payment per month Will cancel theil
loans In term ranging from 1--WE to ter
years, according to the amount of the pay
ment, and under Il contract that will deter
mine the ultimate period beyond which pay
ments cannot he demanded. Such are some
grcssive nssocintion, which will insure for Il
future growth and prosperity beyond al
precedent.
Asked concerning the new building and
loan law passed by the last Legislature
Mr.. f. NJ. Johnson manager, said: ~
constitutional or nncons stiiutionni, because
the improved plans of the Fidelity are muci
more liberal than the most ,, exactins & term' l
ner changes or Affects any existing con
tract
Home Building u I'd Money Saving.
These are the main hopes and aspirations
OF majority OF the people OF to-day, ant
ends nnd aims. This inquiry can be easily
correctly and satisfactorily answered by nc
Qualnting ones self with the plans. meth
citation. This association. even In the mos
panicky times, has met every contract, anC
That for about three weeks during the wors
of the panic OF 1903 notice was required nnL
even then onehnlf OF the demanded with
hnrlships to any one. The business of tn,
Fidelity Is increasing at a wonderfully rnpit
Ing to Interfere with still more marvelou,
growth than heretofore.
Magic OF Compound Interest.
The sum OF 500 Mt 10 per cent semi-an
nual compound interest would amount In
aeGclss @ s'r Prevent % u.s. as ndiyluais. from s as
complishing these results. The Fidelity can
do ii for us. 1t is all in not spending, but
permanently holding and constantly com.
pounding the profits,
Is an investment In Fidelity stock safei
1t is; for, as comprehensive statement just
Issued by the Fidelity shows. the officers
cannot loan to themselves or to others upon
securities In which they are Interested Al!
loans are made upon well selected improved
real estate. In amounts not exceeding one
half Of the value of the securities. and are
pervlslon OF the board of directors, all loans
being to members whose stock IL held by
the association as collateral The The law pro,
runs disastrous to most financial in
stltutions In, times of panic. All officers
required to give sufficient bonds. Loans are
made principally In small amounts. on the
homes of the borrowers. who make monthly
payments until the loan Is cancelled. This
Is safer than ordinary banking. because
there are no losses from commercial risks.
mre 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
nre entrusted with the management and
control OF any financial Institution is an i'm
portant factor either for or against its status
In the community. and In this regard the
Fidelity is sngularly fortunate, its officers
including some OF the best-known and most
prominent citizens Of Denver. They are ms
follows: President j.. S. Wolfe president
of the Wolfe, Webb & Chittcnden Invest
mcnt Co; treasurer, Ed $. Irish, assistant
cashier OF the Denver National Bank; secre.
tary, Il. II. Webb, sheriff Of Arapahoe
county; assistant secretary, G. W. Camp
hell; managing vice president and attorney,
r. NJ Johnson: vice president and assistant
manager, NJ. Il. johnson. Directors: +. r..
Ernest and J. C. 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, or to save IL
portion OF their earnings, should call at the
offices of the Fidelity. 300 to 300 Ernest x
Cranmer block, and investigate the liberal
and attractive plans of this popular savings
association.
Barney I,arnato's Old Teacher.