Semi=weekly graphic., 1899-03-11

tion. and shows that during che past year dNiherd of ten per cent. has been earned for the stockholders.
 The first series of stock issued by the association expired with Janua- ry payments and has since been eali- ep in and redeemed in full. Ghis se- ries matured in the short period of74 months. $1S75 was paid in on each share of $25.O0, the profit on same being $6.25, which is more than eley- en per cent. per annum upon the moaey invested for average time. This is a practical illustration of what lies not only within the possi- bilities but in the absolute powers of building and loan association to accomplish for Observation-Disclosures when conducted upon an honest and eco nomical basis.
 The largest individual check pre- sented to q shareholder was for $2 1000, and the smallest was for $200 cheek for $500 was received by q proud young miss Of 10 sum mers. She was 1 years old when her name was entered upon the books of the association by her father who paid the first months dues. Ayoung couple was among the happiest of the shareholders The young man was handed a receipt for his loan of $I, ,000 and as he left the secretary s office he linked arms with the fair young woman of his choice anu said: Now, darling. we have a home af our own" Her bright eyes answer ed her feelings in a more fitting man ner than words will describe. A man bowed with age was given a check for q substantial sum, and as hetook it he studied it as though it were a picture of dear friend, and his eyes became dimmed as he thought of what happiness the piece of paper meant in the sunset of his life. An aged darkey who, by depriving him- self, succeeded in keeping up his pay ments, displayed his pleasure at get ting Q check for ST 1000. His eyes bulged and he said to the secretary. aLordy, MT. Bell, Inever thought I'd have so much money in all my life. Ise thousand times obliged to you gentlemen for taking care of my money so well. ;"
 There were many humorous and pleasing incidents connected with the settlement of this series The joy of the non-bOrrower was none the less greater than those who had borrow ed. The latter received can celled mortgages un their little homes, and their pleasure was in- creased when informed that the as sociation would pay the expenses of having the mortgages cancelled. An old man who was accompanied by his wife, took the mortgage, saying, Ut was hard at times to keep up the payments, bat now it Is all over and we own our home, we couR never have done it but for the building and loan."
 A remarkable thing about the Home Building, Loan and Savings Association is that a majority of it's officers have served ever since the organization was started, and that, too, without a dollars compensa- tion. The books are now open for the sale of stock in a new series. Those who contemplate engaging in such means of cooperative saving and home making will find no safer institution in which to put aside their monthly savings or in which to secure homes upon small monthly payments than that of the Home Building, Loan and Savings Asso- clation. Mir. D. c, Bell. it's obllging secretary, will take pleasure in ex- plaining the features and plans of the association to all who may call upon him.