Evening Republican, Volume 18, Number 46, Rensselaer, Jasper County, 23 February 1914 — Attica Has Prosperous Building and Loan Ass’n. [ARTICLE]

Attica Has Prosperous Building and Loan Ass’n.

Last week’s Attica Ledger-Press told of the prosperity of the Building & Loan Association of that city. The assets of the company amount to $585,178.68 and its outstanding loans to $642,206.12. During the year of 1913 the association received and disbursed $378,944.87. The association earned for its stockamount $31,220.29 was paid to stockholders as dividends and'the 'balance paid out to individuals or carried over as undivided profits. The total expense was $2,812.90, which included the salary of the secretary and his two assistants, all postage, rent, printing, etc. The’ Republican has no doubt that a building and loan association founded at this time will grow into similar proportions within a few years. Rensselaer needs such an association and one can be founded if the proper persons get behind the movement. Delay means that fewer can build this year and next and a movement should be started at once. Who will take the lead? 1