Omaha daily bee. (Omaha [Neb.]) 187?-1922, 1916-01-01
IVIDENDS PAID
( TO STOCKHOLDERS
Building and Loan Associations Of
Omaha Close Up One Of Most
Prosperous Years in History.
MILLIONS PUT INTO SAVINGS

Any time after today something over
$4,000 Is 20 be paid by the loan and
building associations of Omaha In the
form OF dividends to the 5000 persons
who are keeping their savings with these
companies. This represents the divi-
dends OF the half year. as they are paid
twice year by these companies. There
are eight such organizations in Omaha,
with assets totslling about 100000.
The Commercial Savings a. Loan asso-
citation. is one Of the growing associa-
tons. having at the close OF business
yesterday, assets amounting to 81, or 2e9. 2s.
The company has a reserve OF si7.5OO:
cash on hand. $50. 1876 90 and first mort
gage loans amounting to sess. $40 The
reserve fund and undivided profits total
sla46.26
Passes million Mark.
The Nebraska Savings & Loan associa-
ton eight years ago changed from the
serial 20 the permanent plan OF share is
sues. and sought business on equal terms
with the stronger associations Results
jutified the change. From assets Of
$4,000 in July, 1907, the association ad-
vanced steadily until last month. when
the 100000 mark was passed. The as
ISOLATION closed its annual report with
assets Of ti.oo6ooo. a gain of $4,000 for
the year.
During 1916 the Nebraska made 157
loans to home makers, OF which eighty
were for new buildings. Tho usual
per cent dividend. amounting to Si ,221,
was paid to the shareholders. and the
reserve fund and undivided profit account
Increased to tis.6OO The whole years
business was handled for a total OF SS,1S2
TO be a novelty I'm Omaha. -Four Of them
reached the seven-figure mark some years
ago. and two have added the eight to
their expanding records. The novelty
remains, however, 70 the officers OF the
smaller associations whose guiding hands
ana minds push forward the business or
an association until TO the point that
was In former years deemed the goal OF
ambition. the 100000 mark In assets.
People saving Money.
More Omaha people are saving money
than ever before. This Is shown by the
semi-annual report of the Omaha Loan
ana Building association. submitted by
Secretary w. r. Adair at a meeting of the
board OF directors. said:
The figures are the result OF our work
during i0i5; Increase In assets, 81 ,2s5, SOC 81:
total assets, ts.57s. l70.l3; receipts during
the year. A.ooi, $3.50; loans made. 81. $751;
So: dividends paid TO members, $3.50. 3O4. 20:
increase in reserve and undivided profits.
Ss.4oi.s5; contingent loss fund, Sl96, 1884
The fact that our association could
could not accept oil the money rendered
during the year for investment is a true
indication OF sound financial conditions
In Omaha. The number OF savings az
counts opened since July 1 shows a
healthy increase. and the business of tho
association has expended every month
OF the year
ut Is possible that the war in nnropo
may have influenced n greater number
OF persons 10 increase their savings But
the prime cause Of OF the growth of our
rawlings accounts may be traced TO the
lettcrmont OF trade and industrial con-
diiiens. which We hope Is the forerunner
OF mn era Of prosperity among all classes.
Certainly present indications point TO
1915 as year OF permanent growth of
that rich region of which Omaha is the
commercial center. That our association
shali continue TO share largely In such
growth Is n foregone conclusion
Largest I'm United states.
The Conservative Savings ana Loan
sun holds the record OF being the larg-
- - thN tHleea states. It's total assets
AZ tho present time are 81. $685. 55i.73. It's
resources have increased in the last six
months by t7ls.ls2Se. Dividends created
for the half year are t27SS2S.se. The dvi-
bends paid for the whole year are S526 900
approximately.
The venture into the field Of making
farm loans on the security Of improved
fsrms In the recognized agricultural belt
has proven popular with the farmers and
the company now have some $4,000 In
such loans. The fifteen and one-half
year amortization plan under which these
loans are made is a popular feature
That the habit OF saving In amounts
either large or small is growing more
and more popular Is evidenced by the
fact that the company opened net OF
2os4 new savings accounts for depos-
itors IN the course OF the year.
The year 1915 was for this company
the largest In It's history In the growth
Of assets, these having increased by