Evening Republican, Volume 20, Number 8, Rensselaer, Jasper County, 10 January 1916 — BUILDINS & LOAN STARTS AUSPICIOUSLY [ARTICLE]

BUILDINS & LOAN STARTS AUSPICIOUSLY

Seventy-Kpur Investment Stockholders Paid In Saturday and Books Are Being Held Open. The Rensselaer Building, Loan & Savings Association has started off under most favorable conditions and indications point to its growth into one of the most important instiuttions of the city and to its inspiration in the building of many new homes in this city. There were seventy-<four * investment stockholders, the great majority of them being for the Class B. stock, the kind on which monthly payments of $2 per share are charged. There, were a number of subscribers to the Class C stock, the 25-cent per week kind. This is going to prove especially popular with the children and with persons who are unable to save larger amounts. It is probable that the directors will order the issue of a limited amount of ' the Class A stock, which is the paid-in-advance guaranteed interest stock. The books of the association will be kept open for some time and any one who wishes to start with the initial payment can get in this week without paying any additional amount. The building and loan plan of home-acquiring is so popular the state over that the success is assured here from the very start and the large number of inquiries about loans assures the speedy employment of all the money at all times. That investors will make from seven to eight per cent on their stock is the indication based upon- experience in other places. The directors wish to especially encourage all who can do so to subscribe for the stock, recommending the 25 cents per week stock to persons who are ahle to make only small savings. Parents who take this stock for their children will give them a very substantial start and the children can be encouraged to keep it up from their own earnings, encouraging thrift and business acumen. Secretary Delos Dean and the directors were very much pleased with the way things started off and hope to have many others take advantage of the fact that the books for initial membership will be kept open all week. The first loan was authorized to David Haste, who has completed a fine new bungalow ors Jefferson and Clark streets, near the residence of J. B. Martindale.