The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-09-25
help BENNINGTON TO
BUILD MORE HOUSES
The Board of Trade Urges You to Read
This Advertisement Carefully
and in in Full

To be permanent and enduring in prosperity town
should have large proportion OF its people housed
their homes 1t is the great of upsets and lack
of public spirit
floating population of casual labor has no real
interest in the town where it is temporarily employed 1t
is always bringing strikes for petty and ready
sacrifice the permanent interests of the town for any
trivial reason
Bennington is town Of homes, but in order to re-
main and take of its present rapid growth it must
have houses for the people here and those who
are coming to work in enlarged and busy mills.
Only few people go ahead and build house,
but anybody take little stock in the local Building
and Loan Association and the experience OF other places
shows that this sort OF investment is just as safe as
savings bank. In fact building and loan association
is called in most states cooperative bank.
One share costs only one dollar month. Five shares
cost five dollars per month Ten shares cost ten dollars
per month. Even with the little start that has been
made here the local building and loan association will be
able to provide money to build house every three
months. pof
If the citizens of Bennington who want to save from
one to ten dollars per month will take shares in the To-
cal association they will be saving their money for rainy
day and will be helping the town to growth and perma
nent prosperity.
Below are given some answers to questions concern
ing Cooperative Building and Loan associations:
Loans on small houses occupant especially favored
First required in
are a monthly meeting.
The money S SO auction to the highest bidder
The bid annual interest on the desired payable monthly Install
Money is advanced build
successful bidder months Immediately
II q approve q months in crest forfeited.
Successful bidders always obtain for their loans
Losns repayabl ia monthly miscellaneous.
$1,000 she monthly would be $40 0 OF six o
On srO IAN 50 Of the monthly pai to the credit of the Dor
The called dues and form a sinking fnod. ~
the profits and in time suguhes thu loan
be paid time after reasonable notice
withdrawal used cash loan
Deeds and all other mast be handed the Secretary next
An propositions finally
The Board proposed loans after examination OF property by secu
ity Committee.
After the Board loan the than placed tn, Attorneys
Attorney examloes Al titles ouad
coopsravea parnerpand nothing
earnings
shareholder may from twenty-five shares.
borrowers monthly
A day 10 a ard involves fine
The IS dollar month
| The dollar each per month
but exceeding their value the last ad
The shares are nomiualy 5000
dollar month deposited each share until with the earnings
When share amounts to 500 it pay able in cash. a
deposit for another but cannot withdraw the shares Without
the day the monthly meeting but
| sooner 4.
shareholder may withdraw after one mouths notice. qos
desires withdraw portion of his shares he do a
Withdrawal Book
ally or by attorney.
A verbal message by friend by mail nj
entitled enh OF al credited him
by the Directors time after four from
Retired share, paid deductions
another the full and
you your pass pook give notice Secretary
making payments or filing notice to withdraw" the pass book must be pre-
THE PASS BOOK REQUIRED IN ALL TRANSACTIONS
| TIE SMALL SHARE PURCHASER EQUALLY WELCOME
| INDIVIDUALS PAY NO TAX ON DEPOSITS UP TO $1,000
SHAREHOLDERS DEPOSITS ARE NON ATTAcHABLE UP To
|