The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-07-09
THE MECHANICS AND INVES
TORS UNION.

Makes on another page a statement
that should be of interest to the whole
State. The News and Observer is in
terestcd in the success Of every organi-
cation. that will he of benefit to the citl-
zens Of North Carolina. A member of
the staff has interviewed the manager
Of this company, asking the following
questions the answers to which will no
doubt ne of interest to our readers.
When was the Mechanics and Inycs-
tors Union organized? When will the
.rst series of stock mature? Where Is
the home office? Who are ut the back Of
the organization? Are the plans i'll accord
with the laws of the State. and are they
Just to the borrower? Arc the borrowers
properly protected IN the number Of pay
ments to be made? If other companies
have failed to mature ;ls promised, why
may not this company also fail to keep
promises? In other words are the Off
GERS and managers. truthful. reliable
business men whose statement can he acr
copied? Can il person who wishes to
make Il monthly saving investment. feel
assured of safety and profit! To these
questions the following reply was made
which we give in his own words.
'.1he Mechanics and Investors
Union was organized in 1893,
by some hof the ahlest and
most reliable businessmen in RAJ
leigh whose statements can DE accepted
with full confidence. not one of whom
would make Il statement that cannot be
fully proven. The plan under which
the company is operated was carefully
prepared by financial and legal experts,
in exact accord with the laws of North
Carolina and is SO arranged that one
hundred payments from either IN inyes4
tor or a borrower will complete the
transactions and close the contract. In
enc case the investor will have paid
500 and will receive 500. In the other
case the borrower will receive all that
be has paid to the company. less six per
cent per anIillm on the amount that he
borrowed. for one half of the one hun
drcd months. IN both cases. the mar
ties are protected by the Guarantee
Frnd 80 THAT the widow cannot lose the
Home
.,lhe home office is Raleigh; stock is
sold in any part of the State, and loans
are made in any city or town. where
there are members. The expenses OF
the company are limited and there are no
high salaries pad-the business is man
aged with close economy. and there are
no debts against the company. The
promises made by the managers. are
based upon having the very best plans
careful management by reliable men. In
vestment Of all funds in first mortgage
on residence property. safe custody by
the treasurer Of securities. Worth con
siderably more than has been paid TO
the company, and which cam only be
nsed for benefit and protection of the
members. Just 50 certainly as faulty
plans. poor management and heavy eX-
penses will invite disaster. just 50 sure
~ will perfect financial plans. careful
and intelligent management with proper
economy insure success in amy enterprise
That is our answer to your question 70
warding the success of this company. We
point with pride to the list of officers
and menpoers of the company. and feel
that every member will sustain the man
ayers i'm claiming that the Mechanics
and Investors Union is entitled to re-
ceiye the fullest confidence and support
of the entire State, and that funds en-
trusted to the company. will be return
ed as promised with promptness and pro
fit
Having been personally acquaint-
cd for many years with the officers and
managers of this company. the News AMI
Observer feels that the above state
ment is worthy Of all confidence.