Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1903-03-05
Pertinent and
To the Point
A Very Pertinent and Also a
Reasonable Query.
WHY?

Don't the managers buy all the stock
themselves, If the Phoenix is such a
good mOnoy-making proposition, is
what great many people ask, when
we speak of our director list and the
immense financial standing profits of
this company. This question has
been asked us thousands of times, and
hen we find one interested sufficiently
To ask these pertinent points we, know
that he wants stock. II Is one ques-
ton above all others that shows in
terest in the matter and that they are
also thinking person.
First: We would not allow them to
buy all of the stock.
I'd: If our directors and other large
linanciers 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.
3D.. In offering the same induce
ments TO the small shareholder as 10
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. \ great many people save up
for few years until they have suili-
cient. with what money they obtain
from us, to buy a house and lot for
themselves and own II complete in
few years more.
4th: II you were a stakeholder in
any of the good banks in the United
States would you advise man to go
to n different bank If he should ask
you regarding n 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 it in
creases their dividends, rather than
throw it somewhere else?
5th: The best advertisement that
We can get is the selling of this stock
TO such large number of people Cup
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 It is
brought to his attention by our manner
and method Of doing so, and he. in
turn. would not throw anything in the
way of someone else taking the stock.
Don't you think so?
9Th 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 TALL being due at differ
cnt dates) make II far safer for all con-
cerned than II the money was placed
by small number of individuals in
large lots, and such a large quantity
due at one time would force or compel
us to keep cash on hand which would
be idle and not earning anything
something we avoid always), and
would also make us not so safe as we
are.
9TH: The distribution of this stock
over such large area of territory
gives us also a distributive class of
loans, so that If dull times should
come in one territory the good times
in another would more than overbal-
ance it, This keeps money from lying
idle Ia 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.
Sth. The demand for loans created
by our large membership. secured by
selling TO others besides the managers
Is more than the money received from
the monthly installment stock. This
enables our managers TO make addl-
tional purchases Of stock also. This
partly explains one of the main OBJ
jccts In putting such an attractive
proposition before the public.
There Is only one way to accomplish
the above results, and that Is, to give
each member an equal division of the
profits according to amount invested.
Are you satisfied with the answer?
Wouldn't you like to be partner in
this financial institution with the men
whose names are at the end of this
article, and also know that they are
managing and handling your money
by the SIDE of their own? They have
been singularly successful in their lines
~ bhoii'ooi anu hOH yOu lHlHh lHdl
the Judgment of competent and sue
cessful men Is better than the judgment
of an indicidual successful man Qf you
have been a successful mani. If you
have not been successful, why not try
some of our stock, which, in a few
years, will give you competency sufH-
cient to place you in better position
than you are now. Glass A stock sixty
cents a share, payments limited to one.
hundred TO make 500. CSoon to be
withdrawn. Another stock to take
the place Of this, 70 cents per share
Cen different options on this class of
stock. Glass b, prepaid, $50 per
share, . per cent cash interest semi-an-
nuaIly may be Withdrawn. II desired,
II not withdrawn it is estimated that it
will reach par value within five or six
years. Glass c, 800 per share per