The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1898-01-16
FULL WITHDRAWALS.
s1.O0 AND UPWARD TAKEN ON DE-
POST, ON WHICH PER CENT.
INTEREST Is PAID.
A Successful Building and Loan Com
pany-Careful Management-In-
creasing Business.

Not what you earn but what you save,
is an old saying always well to bear in
mind; in other words, provide for rainy
day so that you have something to fall back
upon in time of need. With this object in
view the World Building, Loan and Invest
ment Company began business, after secur-
Ing their charter Aug. /. 1882 with an au-
thorized capital of $200O,0OO, the charter
members being now the following named
officers and directors:
Col. w. e. Mclean, president, director
First National Bank. Terre Haute; William
+, Henley. vice president, secretary and
treasurer Commercial Travellers Associa-
ton; William H. Armstrong, treasurer, OF
William II. Armstrong & Co., manufacture
ers and importers of surgical instruments;
Everett Wagner. secretary and manager.
formerly general agent Domestic Sewing
Machine Company; Smiley N. Chambers,
attorney, Of Chambers. Pickens q Moores;
Austin j. Morris dentist; w. w. Parsons.
president Indiana State Normal school; II.
j. STICKY, director Terre Haute Trust Com
pany j. H. Tomlin. superintendent public
schools of Shelbyville. Ind.
This company has been remarkably sue
cessful since the beginning, for the reason
that the officers, being careful and conser-
Vatfve business men, always fulhllcd their
promises with their members in every de-
tail, so that confidence was instilled from
the start UP to the present time. For the
benefit of those who wish to make small
deposits, they have inaugurated special
deposit stock on which ST and upward can
be paid and receive per cent, interest per
annum No membership fee or any deduc-
tions of any character being made on with
drawal. Glass d stock issued by them-SlOO
per share-designated as guaranteed invest
ment stock, pays the holder 8 per Gent per
annum Prepaid, designated as Glass CT
stock. is issued on payment of $50 per share,
the face of which is 500. This stock is full
participating, paying the holder 8 per cent.
fVNfo Ia nag a sr1d nP n
placed to credit of stock. Installment stock
is also issued, the shares of which is 800,
81 per month This class of stock, after hav-
ing been in force twelve months, the mem
Der can withdraw full amount paid in with
full earnings Loans are made only to
shareholders and only on improved real es-
tate 80 per cent. of it's value; on certih-
Gates 80 per cent. of withdrawal value IS
loaned. A careful examination or the state
ment herewith given will show healthy in
crease since they began business, particu-
larly, though, in the past six months is this
noteworthy, which is more than 20 per cent.
of the gain:
Cash on hand ACKNOWLEDGEMENTS. Ml96.H
Loans on mortgage security and
Real estate ............................ 4,756.76
nIenf t. - 1,62S.6S
Furniture and fixtures ............... 1254.oO
Due for insurance and taxes, ....... 1896. 81
s154g3z76
Indiana Home and Savings Asso-
citation, consolidated Oct. &C. 1897. 31,961. "a
Total assets ,.....,..............$1S $685. S99.10
Liabilities
Running stock and dividends. 1900. $76 111.21
Prepaid stock and dividends 29,283. IS
Paid-up stock and dividends. ....... A,2S5.00
Borrowed money ................ 10000
Special deposits ...................... 1908 80
Insurance ....... ................. 1884
Undivided profits ..................... 2.710.92
1854, 1897. &c
ciation -. ................... 81, 961.34
Total liabilities ................$18 1856 800. 10
Assets
July 1894 .................. 16 252. 68
july, 1879 o.
july 1870 !fS -
January 1898 ................... 1856 9.10
WILLIAM E. M'LEAN. President.
WILLIAM H. ARMSTRONG, Treas
EVER EFT WAGNER, Secretary.