Arizona republican., 1920-02-11
Extra wiring

1 Extra wiring f5 Total s1,0S2 Interest on the investment at per cent would be about ......$ 65
 There is one important point to be
 remembered right here, and that is that | after the equipment is once purchased
 and installed it is ready for years of
 service with only small outlay for repairs, insignificant beside the con | tinual upkeep of say. three servants. Have you any definite comparisons
 to give us regarding cost of equipment and one helper?" inquired Mrs. W. Yes" said Mrs S- with convic- tion, .here are the facts about fam | fly of five who, unable to obtain a re- liable laundress, invested in an electric washer and irOner
 She then made comparative state-
 ment of the actual cash cost of equip ment vs. the laundress.
 Comparing the figures below it will be seen that the washer and ironing devices pay for themselves in If
 months. They are great savers of time and strength to the housekeeper who has to do her own work.
 Well, all this is very interesting" ! remarked a recent bride, but I frankly admit that my husband is getting only moderate salary and that we cannot invest heavily in such equipment, much az l would like it,'
 NOW then" continued Mrs. S-,
 I want to tell you about a plan for financing electrical purcha ses for the home. a plan so simple, easy, and dig nified that the young people who are just starting in housekeeping may avail themselves of such equipment as they may need at the outset.
 This plan places at your command a businesslike and economical method Of DlIrchaSinc hon SahOIl 1af ny making a comparatively small cash payment and number of monthly payments. You may ask. How does this differ from the usual instalment plan of buying house furnishings? A merchant selling household goods on such plan usually adds quite bit to the selling price of his merchandise. and one generally pays more in the end than When paying cash
 Under the plan I refer to you can buy necessary electrical equipment for your home at the cash price in easy payments with small sum down plus a modest charge to cover interest and insurance on the equipment This is just plain everyday business transac- tion In fact. it is exactly what big companies often have to do in order to finance their affairs
 Suppose that a firm sees the neces- sity of installing modern electrical
 
 qulre some outlay of capital which the firm may not have in reserve It is therefore necessary to go to a bank to borrow money in order to finance the purchases. The bank after assuring itself of the borrowers standing and ability to pay. advances the money, 1 la aking a note bearing a promise to pay 1 within a stated time. and charges in- terest for the use of the money With | some slight notifications this is what 1 happens if you avail yourself of the l services of the new plan.
 ou make a small initial payment | Delivery is made at once to you home l or the cleaner, washer portable sewing l machine. dishwasher or other appfi- | ance. At the time you make your first | payment you sign what is known as | a retail trade acceptance for the unpaid [ balance. You also sign a lien agree | Inent whereby the company retains | ltle 10 the appliances until the trade | acceptance has been fully paid for
 Having made your initial payment | and signed the trade acceptance and | lien agreement. you make your monthly payment direct to certain designated | bank In manner most convenient to you, by check. mail order express or Ger or in person. When all payments have been made the trade acceptance and lien agreement are canceled and to you. The appliances are yours and, best of all, the pay, nents have been made without any strain on the silken purse"