The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1915-07-05
LAKELAND SAYINGS
LOAN DISCUSSED
BY SEC. Willard

| HhSluSs-LOdn INSTITUTION Is not
charitable or eleem0synary institu
tion, and something more and higher
than a benevolent one, and better
called beneficent, doing good. Really
it is more than this, from the fact
that by the expense of some time oil
use of some money it unselfishl!
seeks to help the .'other fellow The
genuine local, cooperative Savings
Loan company is, in operation and
effect, far and away more, better and
above this even. for it helps the 9th.
er fellow help himself. This in the
strongest sense spells independence,
good citizenship, good will and good
humor.
| The amount of betterment and up
building that may be counted on in
| any community, whether the unit be
city or county, when hundreds and
| thousands of members are working
together (and working together is
what they are noted for) is almost
incalculab1e.
Then, naturally, the newspapers
that publish church notices, and
church work gratis, because the
churches are not seeking personal
profit, but the moral and religious
good Of all they can reach and influ-
ence, will be glad to do the same for
the genuine, local, cooperative "Sav-
ings-Loan" company everywhere, and
so, of course, for Lakeland Savings
Loan Company.
This company has done what these
institutions almost invariably find it
advisable to do at the beginning Of
their work If not continuing for
many years "for the good of the or
der some would call it. This is in
the interest of, and to teach, pune
tuality, method. economy and eff
cheney. Hence our bylaws provide
that all members shall be subject to
fines, to be imposed in all cases of
failure to pay dues at the times ap-
pointed, which are every Saturday
for weekly installment stock, and the
first Saturday of each month for
monthly installment stock, SC per
share for each weekly delinquency
and 1Oc per each monthly, and that
for the accommodation of all mem
bers the secretary shall be at the Of
flee, II Kentucky building, Lakeland,
to receive the dues, from 3 to 1880
o'clock p. m. And when not reas-
onally convenient to pay at that
time. he will receive it before that,
or by mail posted that day or before.
Most OF our members have shown
their punctuality by paying at the
proper time, II not always ut the
proper place. 1t was deemed best
until the bylaws were promulgated
or actually in the members reach
that fines should not be imposed. If
all do not have them now, since the
annual meeting, either in the pass
books or other printed booklet, it
has been due to unintended over
sight, which can readily be over
come by calling for copy or phon-
ing for it If not yet received.
So. with the first of July the req
ular fines will be imposed in the
regular manner, in case of failure
to pay dues on or before the day
appointed. We don't have fines for
the purpose of making anything Out
of them as any one can see it is more
trouble and expense than profit to
impose, keep track Of and collect
these lite matters. to say nothing
OF the more serious matter of The
dues themselves not being paid.
AS members read the provisions
for payment of installments and i'm
position of fines for delinquency, on
the inside page of their pass book
cover, they can readily see the ne
cessity of these provisions being
strictly observed, as otherwise our
matters might get into hopeless
tangle Cif dues not paid promptly
or at the office), and that the time
of the secretary is too valuable to be
spent hunting up members. and re-
ceiving payment any time and any
where at their convenience. At the
same time, it is in order to say that
this business is carried on for the
benefit of all its members, and not
to prosecute them, or collect fines
unjustly, in cases of real hardship
as being laid off his job temporar-
lily, accident or sickness, causing in
ability to pay dues promptly, the
board of directors has the power to
remit the fines, and may always be
appealed to in cases of real misfor-
tune or hardship.
SO trust, Mr.. Editor, that have
our case rightly, and that |
you and all other editors in Polk |
county will deem it pleasure to |
publish such notices and others |
gratis, as well as all news concern
ing "Savin gs-Loan" as it may now
be praetieed not only in Polk county. Il
but all over the State to the great
benefit of every comfy in the State