Democratic Sentinel, Volume 12, Number 10, Rensselaer, Jasper County, 30 March 1888 — READ AND THEN ACT. [ARTICLE]

READ AND THEN ACT.

Ths many a. vantages furnished by a Building and Loan Associa tlon can hardly be estimated. Below we cite a few of the benefits to be derived fr*an such an AssbciaJ tion, which should be seen at a glance by our enterprising citizens: They teach thrift and economy. They enable a rhan or woman to lay by a small sum regularly, whi h in most cases would not be saved. They enable a workingman to secure for himself a home, or to accumulat a moderate sum against a rainy day. They secure for w city a better, more self-respecting and stable class of citizens. They educate the workingman in the methods md principles of business

They give him a personal interest in the management of his hardly accumulated savings. They give him hope, and make him more contented with his lot when he finds himself making some little headway w th his earnings. The expenses are merelv nominal—no heavy rents, no high salaried officers. The profits are derived from premiums which merely determine what member may borrow first, from interest at 6 per cent, comjj pounded monthly, and the fines for delinquency. The profits are shared equally: the depositors are the shareholders. The investments are in real estate in a growing city with the best possible security. A workingman with no security to offer ard therefore helpless in the business world, will find his shares grow until in a few years they are themselves security for a loan. If he borrows late his his shares mature as quickly as do those who borrow early in the series. He has his home paid as soon, but in the meantime has been paying rent instead of interest. —Exchange.