Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1915-07-02
Omaha's Financial Institutions in Healthy Condition
LOAN COMPANIES
SHOW PROSPERITY
Ntfices Filled with Omaha People
Drawing Their Six Per Cent
Dividends.
ARE NOW MAKING FARM LOANS

The building and loan companies of
Omaha have had a satisfactory and prof
table business during the six months
ending June 30. 1915, and July found the
various offices in the city packed with
depositors and investors receiving their
semi-annual per cent dividend. The
building and loan system is constantly
growing in popularity. Tire assets of all
the companies are swelling, and de-
positors are more and more anxious to
place their money at the disposal OF
these companies.
Many of the local companies have found
1t necessary to restrict the amounts OF
money they would take from any in
dividual, as they prefer the small de-
positor rather than the man who wants
to invest $4,000 with them at a single
stroke. The man with the 5000 or the
NOm TO invest, however. is srowing
more and more anxious to place it In the
building and loan. and il is that tendency
that threatened for a time to flood the
companies with more money than they
could place. This is why many of the
companies restricted the amounts to be
deposited by any one investor
Money f. Now WORKING.
The combined associations of Omaha
have now approximately 81, 100000 In
assets. And this enormous business has
been virtually built up in twenty-five or
thirty years.
This enormous amount of money repre-
sents the savings OF thousand upon thous-
ands of persons In the city. VINO have
saved any sum from 90 cents to $500 or
more and have placed II in these financial
institutions where any amount no matter
how small, from 80 cents up. draws a
dividend at the rate OF per cent per
annum. These companies are mutual So
cieties for saving, and one can do bust
ness with them only as a mcmbOd
Membership insures to each share in
all the securities and profits of the as
ISOLATION. Thus the fellow with hut 80
cents in the world to invest can invest
1t safely in first mortgages on improved
properties at any time by applying to the
building and loan companies.
Millions of Assets.
During the first three months OF the
present year there was quite an excess
of idle money in these associations be-
cause building was not as active as It
might have been expected to be at the
time of year. At the present time this
money is practically absorbed In good
first mortgages and there is, some demand
for more. This change came about ma
turally with the opening OF the building
season in Omaha and with the renewed
vigor OF the building activities.
Making Farm Loans.
Loaning on farm mortgages is new
departure that has been engaged In the
last six months. notably by the Con-
servative Savings and Loan association.
This company has since March loaned
SOL 900 on farms. taking nothing but
first mortgages on improved farms in
eastern Nebraska, where the agricultural
reputation OF the locality has long been
established and unquestioned. This money
is loaned at 6 per cent on the amortiza-
ton plan OF payment, which will pay out
the debt in exactly fifteen and one-half
years. The semi-annual payment of $50
on each 1000 OF principal pays off the
interest and such part OF the constantly
decreasing principal that at the end OF
fifteen and one-half years the debt is
entirely wiped out. Where such a borrow
er's payments are promptly met he may
see at any time. by consulting the tables
the amount necessary to pay off his loan
in full. On this plan thirty -one semi-an-
nual payments OF $50 each. or a total OF
S1,549.o1. will pay off 1900 loan with
interest in full.
Nebraska Shows Gain.
The Nebraska Savings and Loan assu
citation has made a gain of nearly $780, 30
in resources in the fiscal year. which
carries its total assets now to 1854. 600.
The Omaha Loan and Building associa-
ton has made a gain In assets during the
fiscal year OF 1913. 5s442 II has earned
dividends for its members during the last
year of $3.50 1851. and has paid n total of
dividends to its members since its organi-
zation of S2,1s0.e42.9l. The reserve fund
and undivided earnings stand at 5000 800 81
The Commercial Savings and Loan as
ISOLATION has first mortgage loans to the
sum OF s1.0lo.OlO, and loans on pass book
security to the amount OF N4,533.26 The
Commercial has made a nice. gain dur
ing the six months and has enjoyed a
very satisfactory activity.
Many New Accounts.
| During the fiscal year just closed the
net resources OF the Conservative have
increased 81, 23s, sl6Oe OF this amount the
real estate loans account presents the
most marked growth. amounting "a
81, 49, 94.42. Its increase in savings and
investments. which are popularity termed
deposits" amounted 10 S976,s49.6. Dur.
ing the year 42Ss savings accounts were
opened and 2.Il2 closed. which leaves a
net increase of 1916 savings accounts IN
the last twelve months. The per cent
dividend paid TO all the investors OF
"depositors" in this company. totaled the
huge sum OF s495. 0i9.0s for the fiscal year
or 500, 1863 for the first six months Ot
tho present calendar year up to June ~
The marked growth OF the Bankers
Savings and Loan association. southeast