The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1917-09-27
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 IN
their homes 1t is the great OF upseS and lack
of public spirit.
floating population of casual labor has real
interest in the town where it is temporarily employed. 1t
is always bringing strike or petty causes and ready
to sacrifice the permanent n rests 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 now here and those who
are coming to work in enlarged and busy mills.
Only few people can 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 safe
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 anH loan association will be
able to provide money to build new house every three
months
If the citizens Of Bennington who want to save from
to ten dollars per month will take shares in the To-
cal association they viii 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 especially favored
First mortgages required in
bid for each monthly meeting
The money s sold a auction o the highest bidder
The bid annual interest the desired payable in monthly Install
Money Is advanced ia ins.allnents TO build fdesired
The successful pay Immediately
II loan is not approved months interest is forfeited
bidders always shares for their loans
Loans epayabe ia monthly installmen.
On monthly would be 5000 W six
On monthly the credit of the bor
The called dues and form sinking fund.
sinking participates profits AMI eSingush this
Loans may paid after reasonable notice.
Shares Withdrawal value be used cash IL epyug Loan
Deeds and all other must handed the Secretary next
Az propositions for loans finally upon Directors
er examination by secur
After the approves papers placed Attorneys
The Attorney examines papers
passed Office.
The business coopaea parnerspand nothing guaranteed for
TIE earnings are generally larger ordinary savings banks
All Shareholders borrowers and nobowers must pay monthly be
A day in arrears is the same as a month and involves fine
The IS dollar per monh
The shares dollar each month
Loans made shares bill exceeding their value at the last adjust
The shares are nomiualy saoOeah
D' It amounts S to 500 -
When amounts 500 lis payable in cash.
one p2 %a deposit Tor another 0H cannot "'aF'" tue shares without
Monthly payments monthly may paid
A shareholder may withdraw after Que months notice,
II withdraw portion his shares he may do
ally by attorney
verbal message by friend or note by mail is OF no ell
When
Shares be retired by the Directors time after four from date
Retired shares are paid 10 full hou deductions as in Withdrawals
buying another the full and aud
you lose your pass poo give Immediate notice to the Secretary
making fling notice withdraw, the book be
THE PASS B0JE REQUIRED IN ALL TRANSACTIONS.
THE SMALL SHARE PURCHASER EQUALLY WELCOME
INDIVIDUALS PAY NO TAX ON DEPOSITS up TO $1,000
SHAREHOLDtRY DEPOSITS ARE NOATTACHABLE up $500