The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-09-22
HELP BENNINGTON TO
BUILD MORE HOUSES
The Board of Trade Urges You to Read
This Advertisement Carefully
81 and in in Full

To be permanent and endurlnglin prOsperitya town
should have large proportion of its people housed in
their homes, is the great OF upsets and lack
4Of public spirit. "
A floating population of casual labor has no real
nterest in the town where it is temporarily employed 1t
lis always bringing on strikes for petty causes and ready
to sacrifice the interests of the town for any
trivial reason.
Bennington is town of homes but in order to re-
main and take of it's 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 can go ahead and build house,
but anybody can 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 a cooperative bank.
One share costs only 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
cable toproyde moneyto build new house every three
mOnths.b.& Il a.S1A y
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. 6 VgR9H
= Below are given some answers to questions concern
ing Cooperative Building and Loan associations:
Loans 81 small especially favored
First mortgages % ryquired in every
Loans To- a monthly meeting
The is sold at auction to thehlghes bidder
The bid the desired payable monthly Install
Money is advanced in ins.alments to build if desired
The successful bidder months interest Immediately
If loan is approve months interest is forfeited
bidders shares their
Loans repayable in monthly instalments
monthly payment would be $1,000 III
50 of the month passed the credit the
The credits loanar dussa aud a sinking
participates and in
may be paid time after reasonable
Shares withdrawal value may be used cash In repag loan
necessary Secretary
AN propositions for loans are upon by the
The Board acts proposed loans after examination OF property by
After approves th19 Attorney
hands HAR8 T. HB-NHsfMtR I
The Attorney all titles and found correct the papers money
passed at his office = eAab y ~ ~
cooperative partnership nothing guaranteed
earnings generally larger ordinary savings
Each shareholder may twenty five
All sha o borrowers and nonborrowers monthly
day IN arrears is the same as a involves a ane
The fine is per dollar per month.
The shares ne dollar eac per
exceeding adjust
The shares nominaly 5000
One dollar upon until
When share 5000 Is payable n
One person deposit for another but cannot withdraw the shares without
Monthly day monthly meeting paid
shareholder may withdraw after one months notice
II one desires to withdraw portion his do
notice to withdraw of Withdrawal Book
sAverba message by friend a by mail effect
When whdra"sbe entitled all credited him
paGs may be retired the Directors time after four
Retired paid deductions Withdrawals
IN buying shares for spot the full and correct aud
IyOuloso pOOt, Secretary
In making payments filing withdraw must
THE PASS BOOK REQUIRED IN ALL TRANSACTIONS
THE SMALL SHARE PURCHASER EQUALLY WELCOME
INDIVIDUALS PAY NO TAX ON DEPOSITS UP TO $4,000.
SHAREHOLDERS DEPOSITS ARE NoNATTAcHhBLE UP To $500