The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1919-01-25
"Capitol Building" Recently
Celebrated 25th Anniversary.
Was Organized by Charles S.
Elliott in 1898.
NOW IT IS A BIG INSTITUTION
Has Made Loans of More Than
Seven Million Dollars.
Also Paid Millions to Share.
holders and Stockholders.

Recently the State Journal carried
in its "25 Years Ago in Topeka" col
umn the following:
December IL, 1898.
Topeka business enterprise with q cap
itaI stock of five million dollars filed its
charter with the secretary of state today.
This new concern will be known as the
Savings and Loan association of Topeka.
The directors elected for the first year are
Major VIM Sims; Charles S. Elliott; VIII
liam Macferran of the Merchants National
bank; w T. Hahn of Denver; L. L. Cope
land, cashier of the Santa Fe; z. H. Forbes
c. q. Blakely; DIR. e. T. Menninger; b. u.
Fuller; II. A Heath; L. Il. Carringer of
Denver; W. NJ. Davidson and G. N. Elliott.
The officers of the association are: Presi-
dent Major VIM. Sims; vice president, L.
l.. Copeland; secretary, Charles 5. Elliott;
treasurer. William Macferran; attorney, Z.
II. Forbes accountant, c. g. Blakely.
The association starts out with u sub
scribed capital of $4,000. The offices will
sas avenue, over the Rock Island ticket
office.
Many Topekans probably did not
locate the above corporation as be-
ing now what is known as The Cap
itol Building and Loan Association
having changed its name in 1901 to
comply with the new Building and
Loan Association.
1t has made a steady, substantial
growth III assets 1EOIn year 10 year
from nothing until the report that
was presented to the shareholders
this week show resources of $685.
1874, according to officers of the
company.
Loans have been made in Topeka
and surrounding counties in the sum
of 100000, the greater part be-
ing for the purpose of purchasing or
building homes, and it is to the credit
of the pur,.asers and the. people to
whom loans have been made, that
during the twenty-five years, the loss
es have been less than $2,70O.0O, and
the association has accumulated less
than S20,000.00 in real estate, Of
ficials say.
Paid Big Dividends
There has been repaid to stock
holders who carried their investments
to maturity. the sum of 81, 49S, $4,000.
There has been paid in cash, or credit
ed to shareholders as dividends, the
sum of S1,739.1S1.09.
The association during that time,
has had but three presidents: Major
William Sims; William Macferran,
and the present president, Bennett r.
Wheeler. Charles S. Elliott was the
organizer, and has been the manager
ever since, and the active management
has not changed since organization,
until last November 60, when Mr.. j.
c. Stewart. assistant secretary and
treasurer, died of the influenza.
There are four directors now con-
nected with the Association who were
with the Association when it was or
gained: P. H. Forbes, c. G. Blakely
DR.. C. F. Menninger, and c. S. Elliott
other officers and directors at the
present time are: B. r. Wheeler
F. c. Arnold. F. D. Coburn, Chas S
Elliott, J. L. Hersh. L. Z. Roush, p. H
Forbes, c. G.. Blakely, c. w. Snyder
Charles j. Webb, c. F. Menninger. ]
V. Abrahams, F. J. Shakeshaft, G
w. Stansfield, w. H. Hamilton and j
E. Griest.