The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-03-04

be placed the Colonial securitIe. Company. the
Ms,ioa Sgr s,,r;5 onPsny he T Tf1 SECT
camille c1mpany and the Century Banking Com
psny. and e g Walden < Co.
tho state 20 get theiE business before the public
and make free 10 say that were IL not l0r the
metropolitan press they would be widely
known. nor would their business prosper 20 the
e. T pay th af ese! sum e I % sfs
$40 per month TO $1,000 per yer AID cther Of
great a. 500. 90 Per y4ar Tef expsse Taus
from 400 to 5000 per month. These facts IL
known by the public Is sufricient 20 put them
on their guard. but unless an Investigation *
this kind is had sometimes. III. public never has
an opportunity 10 ascertain these facts. as they
are closely guarded b. the Operators .: said
NATIONAL.
SECURITIES COMPANY
Tn metho-is Il this company represent the
majority 81 this ela.s when cia.r1. invest the
nonry ., is dsI.os!;ors IN any and an KINDS q
Iostor 6 per cent Divide Il per month. or :. fr
pol the foaey q. ;heIr dep sIfors. ea!niag a' To-
buy stocks, ho26> II CtE"r securities. grain
sales are very ni;cd' the leSss!7fs beins rail-
put q the general Eand created b. deposits q
OF Incorporation. are in position TO more thor-
opeIaie, ' b ~, Ihe people ana i2Eestors Being
k,ssed literature aud ieite-heaGs j. tie ssntury
rate but was r-tused letters q i-eSrTor1;i6 X
! the Secretary ot state This hank was used a
both concerns being ofhcered bv The sama rarties
STlL-ISGS PREFERRED TONTINE
MERCANTILE COMPANY
The methods OF this company are a Jenartu-e
| fr9m the methods 0; the ordinary company. Guy
that ms company was Incorporated in Dec-rnhsr
800 FOR s!9eyo capital stock fully PAID The
IL Ivens manage and Guy ii,hs sn' sec l.
rs;ry, That ,ney executed to their patrons
s3ntg'ict Touring them t" pay sI.s5 ner week
81 H., OF which vent into maturity fund. L cents
tingency fund and NJ fEa eni ~ ..rbtr ,ol-
weeks. should the person keep n, these pay
contract and could demand AMI -ccsi1s a 81,
diamond. Or $50 in cash the holders option
A. protection to tn. Gnwary and J.nsuspecrinz
Public your committee would recommend that
Certificate II incor.oration should be uade- tH5
supervision super, Of some STATE department. and reg
practices cannot BE- long continued without being
Tou reeGrni 5sst a a eS to sa' s ss Ee
e s1ns and corporations chartered BY the STATE
Ias ins IN any business whereby they handle
.trEg SUMS OF money for Investment OK other
the secrsts Or STATE or some ofr asl9 ~
and examined res,;larly Ike hanks are e1lmirsi
COMPANIES.
me foilewtns are som- az the companies o.
H H. shs qTp9se 2. doing
2any: United States Realty Company. NationsI
epefs,ivs copany oP4 Mata asfg HGs f9
I<ssus: Columbia Home Investment C5mpany
They execute a contract to the investor uron
fund and 10 cents going into a rese-ve f',nS
HON. und c5ntlaSt reahe rhsi nsiei Tr
IL called maturity. and IL a contract is FOR
his payments are then increased to SIS per
month until he pays into the home fund. in
early maturity OF his contract depends upon the
number OF members who are induced 70 go into
the concern after him, and who keep uD their
payments The contract holder enters into this
eopar-nership and renders himself liable FOR all
Gebts and guarantees the responsibility OF the
Department testified before said committee and
among other things said that the Home Co
ci,y Tbat the Tni1ed sttss Reaitv cSn 20 ma
money on real estate and has absorbed five or Six
contract. ana when the contract has reached that
stage where his contract natures he makes a
be pIaced in trust 60 be delivered 70 the COM
pam PAN haze wen twenty CONSECUTIVE payments OF s..
e eGiy and after ne has made payments which
to have the property transferred TO the Holder OF
the certificate. That ti- Home Cooperative Com
and. according to Uhris tables. should no new
mem JON re comIany II would tase sevea
eleven thorsand;h contract. THAI; the United
Methods and merssd se1en or eight aseq s sos1F
panie. That the increase OF membership re-
tracts within a reasonable time. is such as 10
render the entire scheme impracticable and that
contracts Is to divide into the par value of the
.onIIdcl Ihe monthly payment 20 be made he
loan fund by such contract before the loan Is
made upon Il This will give the level at vhich
the members can secure their loans
COOPERATIVE PLAN
CAME FROM ENGLAND x.
On the othe- hand adherentSsot th.s COMPANY
claim the Plan Is feasible one that the man
came from England, and has been used there a.
well as IN Italy, many years successfully The
Officers OF the Columbia Eerns and inves-rr1s-t
Company claim that their company viii mature
the last contract in seventeen years IL thev
never wrote another That 81 was by reason of
withdrawa!s, as the man who drew out raid the
man something who STAYED in
under all the evidence and facts gathered
ny your committee, they are OF the opinion and
hereby recommend that all these cooperative
home-building companies BE- required to fnccr-
pOEat. and be placed Under State supervision Of
the Building and Loan Department. and exar..-
tred regularly "a building and loans exam
ined. and this end your committee recon-
mends that the bill nox PENDING being Senate
bill No 3d. he amended. and that the suteti-
tute offered by your committee for said senate
bill No. 81 be adopted.
Your committee. therefore recommends that
a law should be passed PROHIBITING the adver-
iisement in any newspaper otherwise Of lot
teries. games OF chance, making Of bets
waGers. buying selling pools the placing
Of money on such schemes or lotteries. and
and all other scheming and fraudulent processes
where gambling chance Is factor. and to
this end your committee offers substitute for
Senate bill No. 80 and recommends that said
substitute should be enacted into a law.