Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1902-11-21
A Question We Are
Always Ready
To Answer,
FINANCIAL ARTICLE NO. 8.
WHY

standing of this company. This ques.
ton has been asked us thousands OF
times, and whenever we find man
who is interested sufficiently to ask
these pertiennt points we know that
he wants some stock. II is the one
Question above all others that shows
his interest in the matter and that he
Ia also a thinking man.
First: We would not allow them to
buy all of the stock.
I'd: II our directors and large fnan-
ciers and bankers took all of the
stock, who would borrow the money?
Do you suppose they are in the bank
ing business to borrow money from
themselves? No
Sd, In offering the same induce.
ments to the small shareholder as to
the large and giving an equitable dis
tribution of the profits to all, we are
extending our field of operations for
loans, which is the life of the bust.
ness. A great many people save up
for a few years until they have SUM-.
cient, with what money they obtain
from us. t. buy house and lot FOR
themselves and own It complete in a
few years more.
4th: II you were stockholder In any
one OF the good banks in the United
States would you advise a man to go
to different bank II he should ask
you regarding deposit or a loan?
No. Well. then, why should not the
shareholders Of the Phoenix throw all
their influence towards their own com
pany, when they know that II in.
creases their dividends, rather than
throw Il somewhere else or nowhere at
all?
5th: The best advertisement that
we can get is the selling OF this stock
to such n large number of people (up
to a certain limit as the fact OF being
able TO buy cooperative bank stock on
installments is something the average
man seldom thinks about until IL is
brought to his attention by our man.
ner and method of doing so. and he. in
turn, would not throw anything in the
yay Of someone else taking the
stock. Don't you think So?
6th: The distribution of the stock OF
this company over such a large area
of territory to such large number of
individuals in small lots. No maturi.
ties of any large amount being due at
the same time (all being due at differ.
ent dates) make IL far safer for all
concerned than II the money was plac.
cd nv n small number of individuals
in large lots. and such a large quaint
ty due at one time would force OF
compel us TO keen cash on hand which
! would be idle and not earning any
thing (something we avoid always)
and would also make us not so safe ai
we are.
7th: The distribution OF this stock
over such a large area Cd territory
gives us also a distributive class OF
loans. SO that II dull times should
come in one territory the good times
in another would more than overbal
ance Il. This keeps money from lyinl
idle "a point we watch very closely
and at the same time prevents any
quantity of property where we have
loans from coming back on our hands
There Is only one way to accomplish
the above results, and that is. to Civ,
each member as much of the profits al
the other. Are you satisfied with thu
answer?
We should answer in connection will
this question, what is the object o
these large financiers and bankers put
ting I'M their money to guarante,
against loss, etc? They are certainl!
not doing Il for philanthropy, although
large financial movements and insti
tutions of any kind have a good man,
pbilanthropic ideas and are in a posi-
ltion TO nut them before the public, 81
that the public can carry them out witt
little effort on their part II they ar
so inclined. In article 10 we will ans
, wer the question above as to why on
directors and managers offer such
, good proposition to the people.
wouldn't you like to be partner q
this financial institution with the me
whose names are at the end of Articl
8. and also know that they are man
aging and handling your money by tn
side of their own? They have bee
singularly successful in their lines O
business, and don't YOU think that tn
Judgment of competent and successfu
men is better than the Judgment of al