The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-01-31
THE QUESTION
AMONG MANY

People who save is whether the hnan-
cial institution in which they deposit is
safe or not For information Of many
who probably do not know, we submit
an extract from the bylaws, charter,
etc, of the Phoenix Savings.
zone hundred thousand dollars OF the.
Capital Stock of the Association is set
aside as reserve fund stock. which is a
nonwithdrawal permanent capital and
guarantees to the holders Of all other
classes Of stock that the Association
will comply with the contracts made
between itself and shareholders.
All real estate acquired by the AssO-
citation under foreclosure will be assum-
ed by the Reserve fund stock, and any
loss occasioned by such foreclosure will
be charged to said stock, thus protect
ing shareholders Of other classes from.
possible loss"
We also submit a clause which is in
every certificate and bond that we issue
as follows, In addition to the other as
sets the entire reserve fund capital
stock guarantees the faithful perform
ance of this contract on the part of the
Phoenix Savings Buildings and Loan
Association"
We also submit list of the people,
who compose the Managers, directors
and reserve fund stockholders of the
Phoenix Savings Building and Loan
Association.
All of this is for your careful con-
sideration whether you are saving
money or not If you are not saving
money you should do so.
We accept from SO per month paid
monthly up to $4,000 paid at one time.
Would you not be satisfied to have the
men whose names appear below hand
ling your money side by side with their
own and the reserve fund in addition
guaranteeing you against loss? The
reserve fund is worth over $155, 10000 at
the present time.
List of directors managers, and re-
serve fund stockholders of the Phoenix
Savings, Building and Loan Associa-
ton of California:
: A. A. Watkins vice president of w.
w. Montague & Co., S. F., Cal.
Chas r Bishop, Gate of HonolulD,
a vice president of the Bank of Califor-
= mia, s. F., Cal.
George C. Boardman, director San
Francisco Savings Union, S. F.
S. Prentiss Smith director national
> bank of D. o. Mills, S. F.
.. Gavin McNab, Attorney, San Fran
cisco, Cal.
Clarence Grange, managing director
!. Phoenix Savings, Building and Loan
= Association, San Francisco, Cal
e c. e. Ladd, Ladd & Tilton, Bankers,
j Portland, Oregon.
Theodore b. Wilcox, president,
Portland FIGURING Mills, Portland, Ore.
: r. r. Hoge, of Hcge & Swift Mfg
Il Agts, Portland, ore.
s. NJ. Mears, President Portland Cord
:. age CO., Portland, ore.
n Walter Powell, manager Canadian
C Bank of Commerce, S. F.
r c. & C. w. Spencer, Aetna Insurance
Co.
= Edgar Mills capitalist, San Francis
l. co, Cal.
J. Chas. F. Dillman, cashier National
Bank of d. o. Mills & Co., Sacramento,
Cal.
Geo. d. Dornin, manager Springfield
Fire Insurance Co., S. F., Cal.
George H. Fuller President Fuller
Desk Co., S. F., Cal.
Charles Mills Gayley, director First
National Bank, Berkeley, Cal,
y Walter X. Smith Assistant Secretary
$ Phoenix Savings, Building and Loan
= Association, S. F., Cal.
William Thomas, Attorney -at-Law,
San Francisco, Cal.
S. II. Boardman, with Balfour, Guth-
RE e. Co., S. f. Cal.
f. A. Ruhl hardware, Stockton. Cal
e F. l.. Winn, Captain u. S. Army
C A. Wilson, with Balfour Guthrie e.
:. Co, S. F. Cal
G. j. Ness, Real Estate, Fresno. Cal.
j. c. Moore, Real Estate. Fresno Cal.
George F. Smith, Capitalist, Santa
Barbara, Cal.
j. A. Murphy, Aetna Insurance Co.,
Seattle, Wash.
An Advance Payment of $4,000 per
share accepted in lieu of Installments.
Z ESTIMATED OPTIONS.
T Cash at maturity end of 8 yrs 81, 900 90