The Greeley tribune., 1904-05-26

:. II the contract holder does MOI
receive loan inside OF two years, NJ
can Withdraw the money he has paie
into the home fund with per cent
interest.
Funds: We have three funds-tht
Home, Expense and Reserve funds
81, 900 goes INTO the home fund, vs.
into the Expense fund and $50 into
the Reserve fund; in all 81 l05.
Money paid into the Home fund Ii
paid out for homes and the fist mort
gage taken on them, and is then re-
turned to the Home fund and paie
out again for homes, etc.
The company requires the contract
holder to keep the property insured
to pay all taxes and to keep. 1T IN
good repair.
In case of sickness or loss OF EN-
ployment you fail to pay your monthly
payments after the loan is made, the
company will keep your contract in
force for six months.
The contract is assignable. You
as member of The United States
Home company will not only get
money to bny homes with, but to
pay OIL mortgages and buy lots and
build on them.
The contract holder should send
his monthly payments so that they
VIII reach the office at Denver, Colo,
by the 18th Of each month.
Agents are not allowed to collect
monthly payments.
The contract holder knows before
he pays dollar Just what his home
is going to cost him.
Persons handling money for the
company are bonded in the United
States Fidelity and Guaranty com
pany.
Every one who has not the cash to
pay .or nome should Investigate
this excellent plan, join and get him
sell. home and become a landlord in
stead OF tenant. Work less and
think more if you want to become
rich and wise.
This is the surest, cheapest and
best way to buy farm, pay OIL a
mortgage or buy home.
On the face OF it this looks like
good chance for a poor man TO get
home on small payments, with only
two per cent interest, and save rent.
The secretary of the company has
done a little work around Greeley off
and on during the past year, and
recently the president, J. q. Felt-
shans, has Joined her, a1d they are
preparing to do land office business
in this vicinity on the strength OF
$1,000 loan Just made to Greeley cit
izen. In Greeley paper they make
the statement. Greeley should have
5000. 900 to build homes, and the
United States Home Company will
furnish it. A Tribune man called
on Mr.. Feitshans at the Albion
holel and that gentleman explained
his scheme pretty much in accordance
with their published literature, and
intimated that On payment Of an
application fee Of ten dollars, and a
further monthly payment OF $l0.5O a
loan Of $1,000 could pretty surely be
had in eight or nine months. He
refused, however, point blank, to
guarantee it, or anything else, ex-
cept that in event OF a loan not being
furnished inside OF two years, his
company would return all the money
paid into the home fund, with six per
cent interest. He cited the loan OF
$1,000 made in the last ten days to Fl.
L Medearis, OF the steam laundry,
and int!mated that they we're ready
to invest all kinds Of money In Gree
ley homes. Close questioning elected
the statements that the company has
been in existence seventeen months,
is capitalized at $780, Of which
s26, 900 is paid, part in cash, and part
represented by another concern which
this company absorbed. They have
made i've loans in the seventeen
months since they started, aggregat-
ing sll, 200, OF which $1,000 belonged
to the company and the rest to con-
tract holders. These loans are dis
tributed as follows To Harry S.
Waldo, Denver, $1,000: to Il. W.
Morford, Denver, $500: to H. L.
Medearis, Greeley. $1,000; unescer-
tained, 5000. Mr.. Medearis has
been a member since last June and