The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1912-01-04
Statement To Commissioner Dol
ley Already Made.
Shows Splendid Business Growth
During Past 8 Months.
is A HOME BUILDER.
Bic Association Has Built Over
10000 Homes.
rs ono Share Holders in Kansas
and Oklahoma.

According TO the semi-annual state
~. issued today by the Aetna Build
inc and Loan Association. greater pro-
f+s have been earned and greater
business done by that institution our
ing the past six months than ever pe
fore The same conclusion may De
drawn for the whole year as compared
with any previous twelve months pus-
mess. The year just closed proven d
hammer year for the Aetna Building ana
Loan Association, the gains being MADE
even at the same time that the lnstitu-
tons books and business methods were
undergoing most rigid eNamlnaloIls ~
the bank commissioners OF Two Sc e.153
begun a year ago and closed at the Gnu
of 1911. mol
lev. bank commissioner for Kansas;
covered a period of seven --ohths a,iu
investigated the entire records OF tilS
company throughout its enllre hiStot , :
Then came the examination Dy lHe I'm yAlLe
commissioner from Oklahoihd- ne e'-o-l -
with the building and loan AUDITOR VI
that state examined thoroughly, the o.
sociation's records at the home once
here then went to Kansas CllS me ~,
a careful inspection was maze q IL
Aetna Building and Loan Association :
T1r0nRfTN
tor as expressed in his report, was llldl
the Kansas City property held by th5
Aetna was valued cOnSerVatlNely anu
that the association would realize a pro-
tit of $4,000 on that real estate
During the past six months, from J uly
/ to December 81. the report shows tndt
under the present management Tue
Aetna Building and Loan Association
has earned a net profit amounting 10
s165.O00 After paying all expenses.
after charging off the ACCOMMODATIONS o.
fifteen years losses, as disclosed Dy
the examinations, the directors OF the
association We're able to declare tnelr
regular. semi-annual dividend OF per
cent and leave remaining $1,000 undlVld-
ed profits.
Had it not been for the amount
charged off" said 7. D. Fitzpatrick,
president of the Aetna, we could nave
paid a 6 Ter cent dividend and had leIt
about $4,000 in undivided profits. In an
interview from J. N Dolley, state bank
commissioner, given TO the Topeka
State Journal at the time he finished
his report concerning his findings IN
the Aetna Building and Loan Associa-
tion, he said, And further, / want to
say that the officers now in charge of
the institution are capable men,
The Men He Referred To.
Mr.. T. D. F'itzpa trick, president of |
the Aetna was raised in Topeka, proud I
of it apparently. was principal OF the 1
Harrison street school, "a school dad''
several years ago, he seems a trife
timid of those experiences and in the
mean while ne has been in business in
Salina, for % years, director of the
National Bank of America for Is years.
postmaster of Salina for 10 years and
has returned to Topeka. his boyhood
home. president of the biggest building
and loan association in the west.
Putting it as the bank commissioner
OF Okiahoma did when he had finished
ne aetna examination for his people.
Il must say that after examining al
the associations in my state and several
IN others / find Mr.. Fitzpatrick one of
he most capable building and loan men