The Dickinson press. (Dickinson, Stark County, D.T. [i.e. N.D.]) 1883-1927, 1916-05-20
DICKINSON B, & l.,
MAKES FIVE LOANS
SOLD 1877 SHARES
DIRECTORS HOLD MONTHLY
MEETING. PLEASED WITH
INTEREST SHOWN.
Will Aid Many in Getting Home.
Help the Young People Save
Their Earnings.

The first regular monthly meeting
Of the Dickinson Building & Loan
association was held Monday after
noon at the Commercial Club rooms
over the First National bank, and it
is worthy of mention that the officers
and directors, with Cne exception,
were present as follows: J. V. Jessen,
Fred Mascr, Welton McDo::ald, M.
L. Ayers, A. D. eaton, A. H. Deiters,
Geo. A. Senour, J. F. Davis, Secre-
tary John Orchard and Attorney T.
H. Pugh. B. H. Crawford was out Of
the city.
1t was found by the secretary's re-
port that 1,167 shares of stock in the
Dickinson Building & Loan associa-
ton had been taken by local people
and that there were 16O applications
for stock from people who will COM
mence paying monthly assessments
the first Of June or July. This makes
a total of 1927 shares already sold,
and the directors expect to increase
the sale to at least $500 and prob.
ably 1000 shares within few weeks.
It is great source Of satisfaction to
the officers and directors to have
many applications for stock volun-
tarily handed in to the secretary in
the Press building, and almost every
body, man, woman or child, is glad
to subscribe for stock after the plan
of the building and loan has once
been explained.
The directors are giving a few
hours now and then, without a cent
of pay, to soliciting more stock mem
bers. They feel that it is good
thing for everybody to have at least
little stock in the D. B. & L. A.
1t is an absolutely safe investment
which will pay fair rate Of interest
and it is an exceptional opportunity
for those who need homes The di-
rectors are asking business men to
take stock as an investment in order
that the monthly dues may be large
enough to take care Of the many
loans that are needed by borrowers
in the construction of homes; they are
asking those who need homes to
take stock and build; and they are
urging young people, girls as well as
boys, to take stock in order that
they may save a small portion of
their income each month. 1t is GER
tainly good proposition for Dickin-
son and her people and any one not
familiar with the plan of the build
ing and loan association, should in
vestigatc.
The Dickinson Building e. Loan
association has the following loan ap-
plications which were approved this
week by the security committee and
the money will be ready cs soon as
needed in constructions:
S. H. Smiley, $500, June 1.
Harry Chestek, $400, about July
John Wogh, $400, soon.
F. w. Wilkinson, 5000, soon-
Ben Seresen, $500, soon.
These are the first five applications
received by the association, and it
pleases the directors very much to
have the money in sight for all Of
these loans as soon as the same is
required for construction. John F.
Davis, B. H. Crawford and A. D.
Heaton constitute the security COM
mittee. The property is carefully ex-
amined by these men before any
loan is made.
Treasurer McDonald's books showed
$1,180.22 for May payments at the
time of the meeting on Monday. The
association was only organized March
30th, and the showing is probably
the best that any city in North d.
kota has made for similar organi-
zation in the same length Of time.
President Jessen named M. L.
Ayers, Fred Maser and A. H. Deiters
as auditing committee for the asso-
citation. The bills allowed at the first
including incorporation fees,
stamps, printing, etc., amounted to
$85.
The monthly pass books can be had
at the secretary's office next Monday
or any time thereafter, and the
certificates will also be ready for de-
livery then.