The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-03-06
PERTINENT AND
TO THE POINT
A VERY PERTINENT AND ALSO A
REASONABLE QUERY. wHYr

Don't the managers buy all the stOcA
themselves, if the Phoenix is such q
good money-making proposition? Ia
what great many people ask, whe1
we speak of our director list and the
immense financial standing and profits
OF this company. This question has
been asked us thousands of times, and
when we find one interested sufficiently
to ask these pertinent points we know
that they want stock. 1t is the one
question above all others that shows
interest in the matter and that they
are thinking person
First; We would mot allow them TO
buy all Of the stock.
"a: If our directors and other large
hnancers 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.
/ 3rd. In offering the same induce
ments to the small shareholders as Ia
/ 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 uR
for few years until they have s0fil-
cient, with what money they obtain
from us, to buy a house and lot foe
themselves and own it complete in a
few years more.
4th. II you were a stockholder ia
any of the good banks in the United
States would you advise a man to go
TO a different bank If he should ask
Won regarding a deposit or loanZ
No. Wei. then, why should not the
shareholders of the Phoenix throw ala
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 a 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 1t IS
brought to his attention by our man
ner and method if 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 large area Of ter
ritory lover 500 localties) to such d
large number of individuals in small
lots No maturites of large amount
>. due at a time make it far safer than
!. money placed among small number
T; of individuals in large lots, and such a
Z large quantity due at one time would
:. compel us to keep cash on hand which
!: would not be earning anything (some-
Z thing we avoid always, and would al-
Z so make us not so safe as we are.
i 7th: The distribution of this STOCK
!. over such a large area of territory
I gives us distrbutive class of loans
:: so if dull times come in one territo,y
!: good times in another would overbal.
:: ance it. This keeps money from lyint
!. idle "a point we watch very tlosely)
= and prevents. any quantity of property
!. where We have loans from coming
=. back.
Z Sth: Tht demand for loans created by
= our large membership, secured by sell
Z ing to others besides the managers u
I more than the money received from the
!! monthly installment stock. This en-
{ ,.bles our managers to make addltiona
!. purchases of stock also. This parti,
Z explains one of the main objects In put
:; ting such an attractive proposition be
Z fore the public.
I There is only one way to accomplish
= member from the smallest to the larg
!. est an ecual division of profits accord
Z ing to amount invested.
+ Wouldn't you like to be a partne
!; with the men whose names are at tn,
Z end Of this article, and know that the!
i are managing your money by side o
Z their own? They have been singularl,
I successful in business, and the judg
!. ment of competent, successful men 4
= better than of an individual successful
I man Qf you have been successfully, wh!
!: not try one of several Classes of GU
- stock. Glass A, sixty cents share, pay
- ments limited to one hundred to maxi
$4,000. (Soon to be withdrawn). An
n other stock to take it's place, 70 cent
per share (ten different options on thi
class. Glass C. 800 per share, pc
cent per- annum, payable semi-annual
ly.
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