The Greeley tribune., 1905-08-10

! 81, 900 goes into the home fund. $s5
into the expense fund and 800 into
the reserve fund; In all 81. lO5.
Money paid into the home fund is
paid out for homes and the first
mortgage taken on them, and is then
returned to the home fund and paid
out again for homes, etc.
The company requires the contract
holder to keep the property insured,
to pay all taxes and keep it in good
repair.
In case of sickness or loss of en-
ployment you fail to pay your
month y payments after the loan is
made, the company will keep your
contract in force for six months.
The contract is assignahle. You
as member of The United States
Home company will not only get
money to buy homes with, but to
pay off mortgages and buy lots and
build on them.
The contract holder should send
his monthly payments so that they
, will reach the Office at Denver, Colo,
by tie 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 for home should investigate
this excellent plan, join and get
himself home and become land
lord instead of a tenant. Work less
and think more If you want to be-
come 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 a
good chance for a poor man to get a
home on small payments, with only
two per cent interest, and save rent.
The secretary of the company has
done little work around Greeley
off and on during the past year, and
recently the president, j. c. Felt
shans, has joined her, and they are
preparing to do land office business
in this vicinity on the strength OF a
81, 900 loan just made to Greeley
! CITIZEN. In a Greeley paper they
| make the statement, "Greeley
should have 5000, 600 to build homes,
and the United States Home Com
pany will furnish it" A Tribune
man called ON Mr.. Feitshans at the
Albion hotel and tnat gentleman ex-
planned 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 pay
ment of $40. so, a loan Of 81, 900 could
pretty surely be had In eight or nine
months. He refused, however.
point blank, to guarantee 1t, or any
thing else, except that in event OF a
loan not being furnished inside OF
two years, his company would return
all the money paid into the home
i fund, with six per cent interest.
He cited the loan Of 81, 900 made In
the last ten days to H. l.. Medearis.
Of the steam laundry, and 1ntimateo
that they were ready to invest all
kinds of money In Greeley homes.
Close questioning ELECTED the state
ments that the company has been IN
existence seventeen months, Is capi-
talized at $50, 900, Of which $4,000
is paid, part in cash. and part repre-
sented by another concern whicht MS
company absorbed. They have made
five loans in the seventeen months
since they started, aggregating
Oil, 900, of which $4,000 belonged TO
the company and the rest to contrac.
| holders. These loans are distributed
as follows: To Harry S. waldo
| no.. AZ nm. to r. w. MOrfOrd,