, 1899-12-27
NOMINATIONS MADE
ALBANY MUTUAL BUILDING AND
LOAN ASSOCIATION
MEETING.
Regular Monthly Meeting-Annual
Meeting January 20, 1899-New
Series of Stock to Be Issued-Re-
firing Stock in Old Series-Bene1t
Of Investing in Stock.

At the regular monthly meeting Of
the Albany Mutual Building and Loan
association held last evening at the AL
bany County National bank a num-
Der of matters of Importance came up.
Among the most important matter
was the action taken to arrange for
the beginning Of a new series of stock,
which will be on sale next month and
there is every indication that the sale
of stock will be larger for the fourth
series than the two series opened in
1898 and 1897 respectively. This is
most positive proof that more people
in Laramie have money than ever to
invest and in fact people have this year
signified their intention to subscribe
who have never taken any stock be-
fore in such kind of investment. The
annual meeting will be held probably
at the court house next month on
Thursday. January 25th, at 7:30, no.
tice of which meeting will be sent out
by the secretary in a few days.
In accordance with the bylaws nomi-
nations for trustees to serve during the
ensuing year are made at the regular
meeting n month before the annual
meeting and last night the following
persons were nominated: N. E. Cor
thell, w. H. Frazee, e. Crumrine, w.
Fl. Holiday, C. P. Arnold, ]. w. John
son. Lewis Tyvold, S. B. Mil
Ter and J.. H. Symons. There were
nine nominations and seven are
to be voted for in January, at which
time every share Of stock must be rep
resented or be subjected to a fine.
The chair appointed Charles Hous-
ton and Matt. Knapp tellers to act at
the annual meeting.
An auditing committee consisting Of
Lewis Tyvold, F. w. Lee and A. c..
Kingsford was appointed to audit the
books and accounts and report at the
next meeting.
The stock in the first series, which
has now run 9s months, will probably
mature in fifteen months and some es-
innate the time less while others
are of the opinion 1t may run a little
longer.
Some Of the money is being used ev-
cry month to retire the stock so that
by the time the fifteen months are up
the most of this series will be paid of.
The association is in a prosperous
pprIitfNp ond thnco uyho Nurn ct1oLr
both in the local association and other
concerns in Denver and elsewhere find
the local institution much the best in
vestment. The foreign concerns are run
at a very heavy expense in proportion
to number Of shares in comparison
with the home concern, which has no
Office rent to pay, no fancy salaries for
high-priced officers, no fine office fur
niture to buy and no commissions on
sale Of stock. The losses on loans are
exceedingly small considering the
number OF shares and the amount of
money loaned. All the trustees except
the secretary give their services free
and are careful in making loans.
The association has only been oblig-
ed to take a few pieces Of property dur
ing the past eight years and has come
out without loss on all but one piece
and with present conditions, this prop
erty will eventually be cleared with
out loss. The money obtained month
ly from payments of dues on stock and
interest on loans is several thousand
dollars and has been the means Of en-