Evening Republican, Volume 20, Number 145, Rensselaer, Jasper County, 17 June 1916 — How a Builder Financed Operations. [ARTICLE]

How a Builder Financed Operations.

A reader of the Home Builders’ page writes as follows in explaining ■ how he financed his home building: "First I ‘caught’ my building siteand drew plans for house and barn to fit it. Next I made application for a loan to a co-operative bank, showed the land and the plan to the invesment committee and subscribed for the requisite number of shares. The bank agreed to let me have the money in installments at various stages. “I then went to my bank of deposit and borrowed money as I needed it, on short-time notes, to pay cash as I went along, where I could get 2 per cent off for cash, and called on the cooperative bank for money when I wanted tot pay the notes. ?-?■ “In that way I got a numbar of ad-, vantages in buying and saved a good many dollars. I could buy of total strangers by giving my bank as reference.” —Boston Herald. < s