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

Don't the managers buy all the stoct
themselves, if the Phoenix IS such a
! good money making proposition? Is
what a great many people ask. when
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 ore
question above all others that shows
interest in the matter and that they
are thinking person. %. ~
First: We would not allow them to
buy all of the stock
I'd: If our directors and other large
hnanciers 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.
Ord. In offering the same induce-
ments to the small shareholders as to
the large and giving an equitable dis
tribution of the profits to all, we are
extending our field of operati ms for
loans, which is the life of the bust
ness. great many people save up
for few years until they have suffi-
cient, with what money they obtain
from us, to buy a house and lot for
themselves anu own it complete in a
few years more.
4th: If you were stakeholder in
any of the good banks in the United
States would you advise a man to go
to a different bank if he should ask
you regarding a deposit or a loanT
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 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 it 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 or
. this company over a large area Of ter
ri;ory lover 500 localities) to such
large number of individuals in small
. lots No maturities of large amount
due at a time make it far safer than
money placed among a small number
of individuals in large lots, and such a
. large quantity due at one time would
compel us to keep cash on hand which
would not be earning anything (some-
thing we avoid always, and would al.
so make US not so safe as we are.
7th The distribution of this stock
over such a large area of territory
gives us a distributive class of loans,
so if dun times come in one territory
good times in another would overhaul
ance it. This keeps money from lyinA
idle Ia point we watch very closely),
and prevents any quantity of property
where we have loans from coming
back.
I Sth Tit demand for loans created by
our large membership secured by Sell
ing to others besides the managers Is
. more than the money received from the
monthly installment stock. This en-
..bles our managers to make additional
purchases of stock also. This partly
I explains one of the main objects in put
! ting such an attractive proposition be-
fore the public.
, There is only one way to accomplish
above results, that is to give each
{ member from the smallest to the ldrg-
! est an equal division of profits accord
ing to amount invested
Wouldn't you like ~ be a partner
!. with the men whose names are at the
/ end of this article, and know that they
: are managing your money by side OF
! their own? They have been singularly
|: successful in business, and the judg-
!: ment of competent, successful men is
/ better than Of an ipdividual successful
!. man GG you have been successfully, why
: not try one of several classes of our
stock. Glass A, sixty cents share, pay
, ments limited to one hundred to make
10000. (Soon to be withdrawn. An
other stock to take its place, 20 cents
per share (ten different options on this
class. Glass c, 800 per share, 6 per
cent per annum, payable semi-annual.
ly.
Honolulu Office.