Bisbee daily review., 1903-12-22

It is with pleasure that We call the attention of our readers to the fact that the Continental Building and Loan association of California has sent its representative to Bisbee for the purpose of establishing their sys- tenn of cooperative banking in our community by which the industrial and wage earning classe can de posit a portion Of their earnings and receive a fair consideration of in- terest for same.
 We all know what a good savings bank means for any industrial com munity and especial one that makes a speciality of handling small monthly deposits and pays a reasonable inter. est for the use of money.
 Institutions of this kind encourage thrift and economy on the part of the wage earners by producing an in. centive to save money, and an Observ- CT has but to note the conditions that prevail in any community where a system of cooperative savings and in- vestment has been in use for several years to mark its results.
 Thousands of dollars are paid out monthly in salaries to our citizens and yet how very little is put away to provide for the wet day that is sure to come to each of us and how soon we will need it none can tell.
 A careful analysis of the plans out lined by the Continental Building and Loan Association will convince the most sceptical that they are beyond question a substantial institution and offer nothing but what can reason ably be expected from money careful. ly invested. Each depositor, no mat ter how small his account, is partner in the bank and participates in the full net earnings of his capital invested, thus although the deposit may be too small of itself to accomplish much, yet when placed with the deposits of over 15,000 other depositors it pro- duces sufficient capital to transact an immense business.
 Monthly deposits with this associa- tion can be withdrawn at any time and carry guaranteed rates of inter est ranging from to 10 per cent per annum. Thus 1he man who is not sure of his income can safely carry his savings accoust with the Conti- mental Building and Loan association, knowing that should it become neces- sary to withdraw it, he can do so on demand.
 Many people dealing with local and eastern companies in the past, have found it difficult to realize ready cash in time of need without suffering a heavy loss. Hence have thus formed unfavorable opinions of Building and Loan institutions, thinking, perhaps, they were all alike in this respect. ToI such we would state that a careful examination of the plan of the Conti- mental Building and Loan association would reveal the fact that they have adopted a system far superior to that of their competitors and a plan which insures the same consideration to the depisitor as that given by the suc- cessful savings band
 This feature should insure 10 them the hearty endorsement and patron age of the citizens of Bisbee who are content with good Security and al fair rate of interest for their saw ings.
 Mir. Reynolds, the special agent of | the above company, is presenting the special features of his association toi the people of Bisbee on an honest basis, and anyone who meets him will be convinced that he is here to do | business only on such a plan as will l insure the continued good will and patronage of his clients for this, "The Poor Mans Savings Bank"
 MT. Reynolds informs us that hel will meet those desiring information concerning this association at any time convenient for them and vel would recommend that our people | give him a chance to outline their | plan of banking and draw a contrast | between an up-to-date institution and one working on an obsolete plan in | use 20 years ago.
 Appointments left with the Editor | of the Review will be promptly ans wered.