The Hawaiian star. [volume] (Honolulu [Oahu]) 1893-1912, 1903-03-05
PERTINENT AND
TO THE POINT
A VERY PERTINENT AND ALSO A
REASONABLE QUERY. wHYZ

Don't the managers buy all the stOcs
themselves, If the Phoenix IS such n
good money-making proposition? IL
what a great many people ASH 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, ana
when we find one interested sufficiently
to ask these pertinent points we know
that they want stock 1t is the orc
question above all others that shows
interest in the matter and that they
are a thinking person.
First: We would not allow them 10
buy all of the stock.
I'd: If our directors and other large
financiers 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
hiNiiNS " lllS SillCil SlldItnOlutES us I'D
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 sutfi-
cient, with what money they obtain
! from us, to buy house and lot for
themselves and own it complete in
few years more.
4th: If you were a 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 loanF
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 OF
this company over a large area of ter
ritory (over 500 localites) to such a
large number of individuals in small
: lots No maturities of large amount
due at a time make it far safer than
money placed among 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 (sonIe-
thing we avoid always, and would a..
: so make US not so safe as we are.
9TH; The distribution of this stock
!. over such large area of territory
gives us a distribuuye class of loans,
!; 50 if dull times come in one terrific, y
good times in another would ovcrbal-
: ance it. This keeps money from lyinA
!. idle "a point we watch, very closely).
and prevents any quantity of property
!. where We have loans from coming
back.
: 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 instalment stock. This en-
/ Ables our managers to make additional
!. purchases of stock also, This partly
!: 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 larg-
!. est an equal division of profits accord
: ing to amount invested.
Wouldn't you like to be a partner
J. 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 individual successful
/: man Qf 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
$4,000, (Soon to be withdrawn. An
4 other stock to take it's place, 70 cents
l per share (ten different options on this
class) Glass c, 800 per share, per
cent per annum, payable semi-annual.
ly.
Honolulu Office.
Fort ST., Judd Building, Ground Floor.
Robert Slaughter, General Agent