Arizona republican. [volume] (Phoenix, Ariz.) 1890-1930, 1899-12-17

cents a year and he would spend S250
worth of time looking after each small
loan or by neglect lose it all. There is
only one way out of the difficulty, only
one solution to the problem. No mans
capital will grow unless invested. 1t
is beyond argument that the individual
with scarcely money enough to rattle
in his pockets can do this with safety
and assured results. The relief comes
through the association of capital.
hundred men. or better yet, a
thousand, with a few dollars each, by
joining interests can do just what the
capitalist does with his wealth. Even
more. Instead of the individual there
is an aggregation of brains to counsel
its investment. 1t can be made to
grow and compound with loss to no
man and profit to all concerned. This
leads to the Savings and Loan associa-
ton. The success of such institutions
is proved.
But what interests the people of
Arizona and Phoenix in particular is
the organization of the Arizona Mu-
tual Savings and Loan Association a
strictly home institution and one that
possesses all the well established vir-
tues of a building and loan society
with the added advantages that come
from the experience of older organiza-
tons, thus giving an up-to-date oppor-
tunity for small investments by all
corners. The first issue of capital stock
of this association is $4,000, 900, and the
officers are all men of standing in the
community, men who have made
of their own private business
and men whose good name and per-
sonal wealth are a sufficient guaranty
to any enterprise and insuring a COM
petent handling and investment of the
funds
The president is B. F. Porter, super
intendent of the NJ. & P. & S. r. V. r
r.. gentleman whose record is un
blemished and who has made repeated
successes where others have failed
The vice-president is DR.. J. NJ. SWEET
nam, who has had experience else
where on similar lines and who by
careful management has accumulated
a competency.
The secretary is Mr.. Fred L. Blumer.
a thorough business man, formerly of
Nebraska, and who has had an extend
ed experience in building and loan as
sociations that will make him a most
man in the Office he has been
chosen to fill.
The treasurer is George H. n. Iuhrs,
owner and proprietor of the CONNER
cial hotel, a man known all over the
territory and one who during his life
here has met reverses with a business
judgment that has wrought a final
triumphant success. He is a keen
financier and no more can be said than
that, with him business is business.
Arthur ]. Edwards of the firm of K:b-
hey & Edwards is the attorney of the
association and man whose personal
and professional standing is above re-
preach.
The depository of the association is
the Phoenix National bank, one Of the
strongest banking houses in the south
west. The principal offices are at
21k South First avenue
AS for the various saving and in
vestment features of the association,
space does not permit a review & this
time, but they will bear investigation
and every young man or old man who
can save so cents a month or any
greater sum will find it to his inter
est to study the plan of this society and
lay the foundations of an ever growing
income.
1t is estimated that $4,000 to $4,000
is sent from this territory to
outside societies possessing fewer ad-
vantages for investment stock alone.
Why not keep this money at home to
the advantage of every one and chiefly
to the investors themselves?