Goldsboro weekly argus. [volume] (Goldsboro, N.C.) 1885-1909, 1907-05-02
GOLDsBORO n. c., THURSDAY. MAY 2, 1907

JRSDAY. Lax 2. 1907.
to-day in force 10000 shares of a par
value Of $1,000 coo; we have success
fully matured up to now SO series, the
last one issued, the 10Th, has reached
the enormous volume of 5000 shares,
equal to 100000 and as we issue
two series year with the present
rate of increase, it would follow that
the good people of Charlotte, having
had demonstrated to them the benefits
to be derived from these institutions
are willing through this one Associa-
ton alone to set aside from their
earnings in one year the princely sum
of six hundred t 5Isand dollars, and
in the three ass Citations about one
million dollars annuaI3
This one Association since its or
ganization has made three thousand
loans, has at the present time loaned
out seven hundred and fifty thousand
dollars (of which, over one hundred
thousand is to the colored people,
We have handled nearly five millions
Of dollars with the remarkable results
of without the loss Of single cent.
and with an expenditure of less than
one per cent. of the years transac-
tions.
To further show you how these
shares are distributed, let me read
you a condensed list of the callings
and avocatiOns of it's share holders
Classification of Stockholders Since
ORGANIZATION.
Number of shares since organi-
ZatlOn A, ,o99
Number Of stockholders since
organization, white. ......... 3,451
Number of stockholders since
organization, co16red. ........ 968
The Shares have been distributed
according to the following clasifca-
tions:
Churches and Colleges. ...... %
City and County Employees. As
Machinists, Carpenters, Plumb
erS, etc. lOS
Merchants 376
Railroad and Street Car En-
ployees .............. 279
BARRIERS 55
! Printers At
Bank Employees ............ 81
Draymen and Hackmen. sc
Capitalists e
AfIlStS ~
Miners a
Lumber Dealers ..... 1e
Manufacturers ....t.... 81
Married Women, Minors, etc.. "A:
Brick MaSOnS ............. Sc
Livery and Sale Stable Keepers
IShOemakerS ........... 2(
Lodges and Benevolent Societies IL
Telegraph and Telephone EN-
ployeeS ............... 81
| Clerks and Commercial travellers 6lS
Laborers 37s
"
/ Saloon Keepers ......... A.
Farmers and Dairymen ...... 6S
Government Employees and U.
5. Army ~
IClerSymen .......'.''''' os
Lawyers ................. o'
butchers "a
Insurance and Real Estate
Agents it
Factor1eS .............
Blacksmiths rs
/ IeacherS g.
Editors and Reporters. s....... 1t
BOOkkeepers 81
Washerwomen, Cooks, etc. .... 12f
Painters 2E
Mill and Pants Factory EN-
/ plOyees 2oe
Seamstresses, Milliners and
Dress Makers ............ &C.
Architects
Total 4,41g
Present Number of Stockhold-
ers, white 1896
Present Number Of Stockhold-
ers, colored ................ Big
Number of houses upon which
Loans have been made since
organization .............. 2,47C
Number of Mortgages now held 7O5
| Average Loan SSSO ~
I deem it advisable at this point to
refer to the relationship the Building
and Loan holds to the banks: A Build
ing and Loan in its larger sense is not
only not inimical to established banks
but is rather an aid to them-because
nine-tenths of Building and Loan mon
ey-savers are not and never would
have become bank depositors, the 9th.
er one-tenth would be but a spasmodic
depositor, but Building and Loan
teaches the wage-earners to become
money saver" "and when one or
two series are matured and these
money savers are paid off, or have
their homes paid for, have no longer
to pay rent, they having learned the
art of saving, become bank depositors;
so we have found it everywhere; so it
will be here and the banks of this