Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-01-23


Marshalltown Savings and Loan Assoc
ciati"n and its important influence in
helping 10 build up the city, was
SHOWN /" members at the annual meet
ING OF the association. held at the
i MarshaIltown club Monday night The
i officers elected We're: President, Fred
! Hopkins: vice president, y. W. Norris
I secretary, b. 3. ShoIlenberger: treas
! uTer George Gregory. The directors
elected We're George Gregory. Dr. f. c.
/ Lynn ana +. ?. Miller. Dr. Lynn sue
ceeds Charles a. BuchwaId The other
| ;WO were reelected.
The report Of Secretary B. B. Shot,
lenberger showed 1916 to have been
the most prosperous year in the his
tory Of the association.
Summarized the growth and work
Of the association was:
! Four series of stock issued in the
year.
Number of shueS increased from
1888 70 1000.
! Net profit $1,000. and undivided prof
| il from date Of organization 900.
| Furnished money to build twenty
| one houses in 1916.
Loaned on these houses. $40 1QO
Financial Report Of Secretary.
| The financial report Of the secre-
tary for the year showed The follow
| ing items Of receipts: Dues collected.
! s26.52s: interest collected. $7.404.I&
real estate loans repaid. $H,l44.6a; fully
! raid stock &4&.>5Q The total receipts
were S>69S4%5.
! Important items If ne diSbur~c-
| mert. were: Loans nu reed estate. y..1.-
9>H; loans on inStaiin!"ut ~IncN. SI.>>l..
fully paid stUrN withdrawn. 81 Gir.
luSta.IIu,li st .., Withdrawn. SIu+G.91:
I interest on luIn- maid stock. S. lG,Il
| - alv 5000: cash Hl.anre Jan. l.
! 1911 $9G12-
eve have made ia ar III, Wars ol
| the organization I'D 70 Jan 1916.
| ri,, report reads "A protit Of S.. 200. or
! in other words. we made for the mem
! h4rs IF this as.ociatio7 as much money
in 1915 as W. had made IN the seven
Drnyi,,,s wears Of our existence"
Borrowed Money Loaned.
ON -hn s,,hiact Of borrowed none.
ra1oanad .hn reu3rr says.
.lva haya issued in addition IN the
;,s,o1,noar+ s,oc,; and have rrr>farB-
inc, ,nnrovin7a-aIv san 600 This money
l. ,,rroua5 n nar cent and * loaned
T., am. borrower. at reI, cent This
I.a,.as nat balance n ftynr If the
ar,,nia.;o, If more than - no. cent
fror, tho Fac, thar wc nay our interest
,,.:r. ,.a,r v,hera,s ~. collect o,,r
! i,,o,.a.t a,,ar,. ronuth.
.,,,-. ,,,. carr. an ,,~1.,.i,lsd rri,i.
Nc 21U ooo which if ,liytdrd ana paid
,,,,. >. ,.,rn n,orrf,ar i'm n,.,.l,ur,jou -
.,L.. po had ,,ajd i'm uvnuid giva him
o., .,.a,.,,r, az e,rrf,..re az : 6 rar cent
80, 49, ,,,,,,,a,..,
rtt..+ :, p,,ldi,c
r,..,,:,..t,,,r ,,,, .nI .,,},ilc, ,r lam
49,. n,,;I1i,,o rho ra,,,,r, ,,na. nm.
.,v.a bo,.a r.,,i ., ..,',,sr.,,,, lor,.rd
,,,-,,,,,. and have h,,i,t durin, the
, 7o+E .,,.,,,,,..nn, nav. b,,ses N
I,tr.,,,,I,,.,,.r, ,.d t,,,.,. wade tbre.
I'',. ,,I..r,,',,,,.,,.. .rrn turant,-
,,a I,,,,,.. .,,,,,,a,,.,,o &lnnu,, mr. an av-
o.,-I - 49,. ,b.,r &. ma nor house.
,r,a ,;,roc,o,.. r.,,-,. r..ft -b,t ,,,r loans
,..,I e,,l,,, ,,,,,l,h -. ,o.,SitIo
49,. .,,,,,, 1000 - r,.bioh 70
49, .t,ora1,.as y,,I,. di,ar,ors how.
e,ud;ou.Iv avoided the looming of
.,,e,,a,. ~ o,,,+r-o+ors o,,d snecuIa+ors
,,'h', ,,is1, r. h,,iIa boroas for rental
-. ~ raa.,noT,, o,,or, w.
r' H. ,. -. tlii- o..,orio+,,r
,'' .,t:a,, ,1. 40