CanÌƒon City record. [volume] (CanÌƒon City, Colo.) 1883-192?, 1899-11-02
THE COLORADO INVEST
MENT-LOAN COMPANY.
A Branch Office Organized at Canon
City.

ShAys
The representatives of this COM
pany have been visiting our city and
have successfully organized large
branch of the parent company. The
object of the company organizing y
branch here is to have the advice and
judgment of the members on all loans
and investments made in this vicinity.
In the list of members of this branch
we find our most prominent inanciers,
business and railway men-in fact all
classes of our citizens have taken a
deep interest in the organization of
the branch.
A great number of our business
men are familiar with the plans and
scope of the Colorado Investment
Loan Co., and speak of it in the high
est possible terms as being one of the
most conservative and safest institu-
tions in the state.
One of the new features, and it
certainly is very attractive one of
this company, is that of protecting
the certificate Of investment by life
insurance policy in reliable old line
life insurance company. To appreci-
ate the beauty and attractiveness of
this feature it will only be necessary
to apply it to member who has built
him a new home on the old fashioned
plan and is paying for it in monthly
payments.
Should he die while paying for it,
his widow must keep up her monthly
payments. With the bread winner
gone, she finds it very hard task,
and in nearly all such cases she loses
the home. But with the company's
new proposition that danger is entire
ly wiped out.
Life insurance pays the indebted
ness and the widow receives a deed
to her property, free and clear, with
out further cost to her. This gives
everybody an. opportunity to own a
home Of their own. They must pay
house rent, and by the practice of a
little economy few dollars can be
saved over and above the house rent,
and il start is once made, death
cannot prevent the ultimate result Vi
planned.
To an investor it is still more at.
tractive. The company issues long
and short term certificates, and if a
person can pass a medical examina-
tion and wants an investment OF
$1,000 on long term, the premium
will be $40 and Sc per month there
after, and on short term. $50 down
and $40 per month thereafter, the
difference in contract being in time
of maturity. On the old fashion
method if this investor should die his
heirs would receive just what they
have paid in. and to realize the full
amount of the Investment the heirs
continue paying the monthly payments
but with the new feature the full
amount of $1,000 will be paid if death
occurs one hour after the certifca'e e
has been issued.
The company has purchased four
teen lots in Canon and have let con-
tracts for two neat brick cottages Of
five and six rooms. The houses will
be built in up-to date style and with
all modern improvements.
On Saturday night the local stock
holders met at the St. Cloud hotel and
effected a local organization. The
following officers were elected: G.
W. Bowman, president; T. b. Coulter,
vice president; F. P. Wilson, End vice
president; ]. H. Peabody, secretary
and treasurer; Samuel P. Dale. at
torney; DIR. F. N. Carrier. medical ex-
aminer; l.. l.. Harding, G. E. Trout,
A. c. Jensen, appraisement committee.
Board of Directors, j. H. Peabody,
| III ID C.n,Itor q d na1a 7 r uarI