Daily press. [volume] (Newport News, Va.) 1896-current, 1909-07-04
WONDERFUL PROGRESS MADE
Mutual Home and Savings Associa-
ton Still! Growing.


That the people recognize the advan-
tages of a home institution, as ccm-
pared with outside concerns. is shown
by the surprising progress being
made by The Mutual Home and Saw
ings Association of Newport News.
n wport News people are investing
in the stock to such an extent that
the association is now able to meet
constantly growing demand for
loans to borrowing stockholders.
Mr.. Vim. C. Stuart, the attorney
for this association. who did the legal
work of chartering and organizing
the association in 1896, and who has re-
presented and managed it ever since,
said yesterday:
1T is simply onderful-the pro-
gress We are making! While we
were earning for our stockholders,
borrowers as well as investors, ST.
10000 per month the first of the year,
we are now earning for them ST.
20U 90 per month, an increase of
$4,000 per month in profits in six
months. About SIC. 10000 has been in
ttcitQ llC SWIM oAhSC -
1909. and We have made loans aggre-
gazing s24.300.0O since January /.
The letters / am constantly receiving
from our stockholders are so compli-
mentary that / begin TO wonder
whether we really deserve them, but
II must be so, as the very best COM
mendations come from those who have
been investors for many years. For
instance. have Just received the foi-
lowing letter from a gentleman who
has held stock in our association for
ten years. He lives in Hampton.
He says: L can truly say after ten
years association with 1t tThe Mutual
Home) II Is the best and most prompt
inve stment / have ever made. When
dividends are paid ahead OF time it
needs no advertisement Our sue
cess is due to constant, faithful and
enthusiastic effort on the part Of our
officers and directors, invariably work.
ing to enable the company to earn
any pay dividends from the beginning
and consistently making the interest
o. all stockholders a paramount con-
siderstion.
The advantages offered by cur
loans are so obvious, and have been
so well demonstratedby experience in
the cases Of the many loans we have
mad. that We are constantly making
new loans to citizens who have pre-
viously taken them from US RE
CURED payments are small. as much
as desired can be repaid at any time
desired. all money credited upon the
loans also earning large profits, or
the whole loan can DC paid of at any
time without any bonus OF penalty
whatever know OF no institution
which has done as great an amount Of
good here In this city as The Mutual
Home and Savings Association. and
q surely deserves the support which
is being 50 literally given Il by our
citizcss. II the present rate OF pro-
gress continues. the association viii
soon brczne amply able 70 care for
all Demands which shall be made upon
o.. Then. all chance for imposition
and cxtortion BY outsiders viii be
forever eliminated. ana all OF our
bono money viii be kept here. work
ing here. and bencfflng this communL
y alone We expect to make = record
Of a. least S5o.o0o.00 In new Ioars dur
ing The ytaF 1909.
What THIS company has done seems ,
convincing proof that people are safe,
tcSt served. and best treated. when
Of their money and Influence 10 thc
up Of = local invesimsut IN
s;itution. especially Nhen the sane .