The Madison daily leader. [volume] (Madison, S.D.) 1890-current, 1899-07-06
is 4 KANSAS VIEW.
TIE Cooperative Savings and Loaa
Association Q; Sioux Falls
C~c--s..et.

The Grant County Review Ct Milbank
| has the following ia reference TO one OF
the financial institutions o. 81 ux Falls:
MIR. G. H. Lien. representing the Co.
Operative Savings and Loan association
OF Sioux Falls. who is 10 this CITY on
business, happened TO meet Mr.. Isaac
Nschtigsl OF Brookings. who is visiting
his father. Incidentally the matter OF
building and loan associations came up
and Mr.. Nachtigsl having made q loan
from a Kansas company which is nov
consolidating it's business with thst OF
the Sioux Falls association, he exhibited
the following letter to Mr.. Len:
The Great Eastern Co Operative
Loan Company, Emporia, Kansas, May
10, ls99.-Nr. Isaac Nschtigsl, Brook
lngs, 5. D.: Dear SIr-The Iew law
that was passed by the last legislature
OF this state compels US TO reorganlze
our company and as We are not as large
as some Others and cannot stand the at
sendant expense. VS. have decided to
consolidate our business with one OF the
best and stroDges: associations doing
business IN this state, VIZ: The Coop
eratlye and Loan association Of Sioux
Falls, South Dakota. THIS company
has assets Of $4,000, and is under the
most stringent laws, and has been inves-
tlgated thoroughly by our board Of d.
rectors and We lind tina. II Is Just as il Is
represented TO be. They are taking UP
all our business and will issue stock IN
their association TO you and give you an
advance credit for as much as is due you
90 your certificate in this association.
Please hud enclosed application for ten
shares OF stock which kindly sign ard
return 70 Us with your old certificate,
duly endorsed Oh the back where the
following words occur:
"'Rece!ved Of the Great Eastern Co.
Operative Loan Company Of Enporia,
Kansas, and also return the pass book.
An early reply will greatly facilitate
business. We are now engaged in trans
ferring all our business to the above
named company and have only a few
more Of the shareholders to hear from.
The COOPERATIVE Savings and Loan as
ISOLATION OF Sioux Falls writes one of the
most attractive class of stock that is
written BY any company and that is
their class Fl stock. This stock ma.
lures in 81 months on a payment OF 80
cents on each 81 written. By changing
your stock now you will not lose any
as this natures so much sooner
than the stock you now have and the
total cost will be about the same. We
enclose you circulars Of the company
herewith. Your payments will be IS
per month and it will cost you s4aO to
1t, making $1,000 due you at the
END OF 81 months. Yours very truly,
~. L. MERRY,
secretary and Manager.
~. ;. You can make inquiries OF
any business mar in Brookings in regard
10 the above company.
The fact that the Kansas companx
1t necessary to transfer it's bust
hess to another association, and that ~. |
Ter looking over the field to find the best
one to which to make the transfer il
should choose the Sioux Fails sssoc;a.
ton, is OF itself = magnificent test,mon.
al to the reliability and high standing
u the latter. 1t shows, also, that the
Sioux Falls association is so sound that
t can comply with the rigid law passed
BY the Kansas Legislature.
"Mr. Lien naturally feels highly elated
vel his accidental lind OF the letter "a.
viewed BY Mr.. Nachtigal, as it il an ad.
1't'onal help to him when be is present.
'ng the claims Of the association he rem.
,esents."
d. 1. Blair, state agent OF the com.
psny, has made arrangements with Mr..
}. d. Williamson to represent this a.ao.
''at'on IN Madison. They have . now
improved method Of loaniDs money,
owing the borrower the privilege OF nav.
oe on the amount q. any time on giving
'nif'y days notice. No bonus or .d.
rance interest is asked where q bor,o~.
y wishes to cancel his loan. They Also
~ per cent on time deposits. IL ron
. LOAF at 9 straight rate Of intere.t.
- the above gentleman.
%f. aod Mn. b: Lscksmp. Elstoo.
no, whites: 'One Minute Oouoh On:
b lie Of our littls ~ Sr"s
Yearly dead with Group" ~
Cook 4 ODIx.