The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-12-18

associations in good thriving towns in |
the state of Kansas.
It has been proven that the invest |
N ents offered by this association have
been attractive to investors. One of
the reasons, we believe, that the pub
lie has been attracted to the invest
ments in building and loan shares has
been the reason that during the time
the deposits are with the association,
investors have been paid on demand.
AS stated by a gentleman recently VINO
had purchased stock, was not eontem-
plating using his money, but he saw
an investment in farm and wanted
his money. He came into the associl-
ton and asked how much notice he
would have to give before he could
get his money. Upon being Informed
Ethat on presenting his certificates of
stock. we would give him a check inc
mediately, he was somewhat surprised
and very much pleased with such
terms, stating that if he had invested
the money in bonds of any kind he
could not have been able to receive
his money before securing purchaser
for these securities. Thus he might
have lost out on the attractive invest
ment that he was offered.
The association thru its secretary
/ has maintained a cash reserve suffi-
GENTLY high to take care Of this Kind
of business. It has been of profit to
the association as well as profitable to
the investor.
The monthly payment stock which
is held by most of the working people
! who pay Systematically each month
and receive per cent COMPOUNDED
monthly on the investment, gives the
same privilege of using the funds at
any time before maturity They re-
ceive on withdrawal every cent they
have pafd in, and in addition to this
earnings for the number of payments
paid in The investor with the Capt.
! fol Building & Loan association never
/ loses one cent of his original invest
ment.
There are no fines or fees of any
kind charged by the association, as IL
| is the belief of the associations Off
| GERS that the man who is compelled TO
miss a payment on = his investment
| stock should not be fined Tor missing
| this payment for the reason That ne
would not miss this payment II II
| could possibly be avoided. The same
| holds true with the man who has Dor
rowed money on his property. II ne
| has sickness or some adversely come 70
| his family fer a month or two ne Is
| shut out from earning his money ano
his expenses are going along just the
same He is compelled to miss pay
ment and should not be penailzeo De-
| cause of some unforeseen happening.
1t has been the policy of the associa-
ton to work with these people TO the
utmost ard, If necessary, allow them
when they have recovered, eaten up
on these payments by adding a dollar
or two or five a month on the regular
monthly payment until the payments
missed have been caught up.
The borrower as well as the inves-
tor is a member of the association, ana
has the standing and voting power 1oF
| the equal number of shares he holds.
| The building and loan association
comes as near being cooperative or
| ganization as any. The investor puts
in his money in small amounts monthly
and. with the combined investment and
! the small sums coming in from
the Individual each month, makes UP
the amount that is then loaned to the
man who wants to buy and own MS
own home The borrower pays off his
loan monthly, paying interest and a
certain sum on the principal as he goes
along He takes this out of his salary
each month to pay off the mortgage,
and has the feeling that he has, with
each payment, reduced the mortgage
that shelters his loved ones.
Some of the directors who started
with the savings and loan association
are not now associated as active Of
ficers of the Capitol Building and Loan
assoc alton. However, q great many of
the same men are. They are giving
their time and advice to the building of
the association and the helping of To-
peka, seeing that Topeka grows and
becomes a city of homes where the
children of today and tomorrow will
have a yard, fresh air and sunshine in
the home. These are a few of the
things that mean happiness to the
family.
1t is also the belief of the officers,