The Lake County times., 1917-01-06
INFLUENCE
On PEOPLE
IS GREAT
Magnificent Results Are
Shown by Hammnod's
Building and Loan Associ
ations Thousands Paid to
Shareholders.

With the beginning Of the year. and
the maturing Of stock in Hammond's
four splendid building, loan and saw
ings associations. deluge Of money
was turned back to the thrifty people
Of the city this week
Six years ago wise ones who felt
that they could spare sI25 or $3.50 or
more a week subscribed to building
and loan stock. This week these
Wise ones" received back more than
s120.o0o. Three months hence another
100000 will mature, and so there is
an endless cycle Of wealth rolling in
upon Hammond, widening with each
year created by the thrift Of the peo-
pie themselves.
The wisest fnancier in the United
States has not vet been able to devise a
system superior to the building and
loans as they are conducted III Ham
mond. NO where fl the world can a
person take his little dollar 4 week and
absolutely get from eight 10 nine per
cent. compound interest. OH SO small
an investment, with such rock ribbed
security as the four building ana loans
in Hammond furnish.
While there is a wide difference in
the amounts maturing IN the various
associations. it should be emphasized
that there is no rivalry or competition.
They are the only moneE making insti-
tutions that work mutually for the
same end--to help people save their
money proftahly. Two Of the four are
only little more than six years old.
There first dividends all matured with
In the past year Thus the Calumet
Building and Loan on whose board of
directors are some Of the citys best
known men in every respect, is only
Old enough TO have paid three quarterly
dividends. the last one this week which
amounted to $4,000. The next dividends
will be larger and the stock subscrip-
tions show that they will continue to
grow with each three months.
The first Polish Building and Loan
association OF Hammond. founded by
r. y. Lipinsky. this week pays out its
fourth dividend Of $1,000. Its stock
issues have jumped with the opening
OF each new series.
The Hammond Building, Loan and
Savings association, the pioneer of
more than quarter Of a century. earn
ed in round figures for its subscribers
$4,000. Three months ago it paid
nearly az much and the next three
months and the future quarters will
see equally as large and larger didf-
dends paid. A new series was opened
this week and promptly 10 books were
taken out.
The Home Building and Savings as
sociation, another golden corner stone
in the city's structure Of thrift and
wealth earned its stockholders the sum
or $4,000 OF this amount $4,000 rep
resents cancelled mortgages. or the
$3.50 earned BY the Hammond. $40
coo represents mortgages. The Home,
like the three others. opened new
series Of stock this week and already
has eighty-six subscribers for the new
books.
What becomes Of these thousands
upon thousands of dollars that wash
back into the hands Of the people?
Did you ever stop to think that
Hammond IS a pretty good place to
live; that IL has a decidedly substan-
tiaf middle class or people; that a large
percentage owns homes; that 1T de-
cent. law-abiding community; that the
business men or Hammond is troubled
bv fewer dead beats than the business
man in the average industrial commun-
ity: that the powerful influence, Of
these associations, are just beginning
to show results on a big scale?