Rensselaer Semi-Weekly Republican, Volume 19, Number 84, Rensselaer, Jasper County, 28 June 1898 — Our Building & Loan Association. [ARTICLE]

Our Building & Loan Association.

Last Saturday was the 124th monthly pay day of the Rensselaer Building & Loan Association. It is n good association, and has a careful and zealous board of directors. It is doing a great deal of good to our people And will do still more good in the future, especially if the rule is adopted to issue smaller series and to issue them much oftener. The first series is now nearly ready to wind up. The amount still required to redeem all the unborrowed stock is about SLICK). This will be raised in two more monthly payments, and it may therefore be positively expected that the payment for Septeml>er, mado the last Saturday in August, will be the last payment for that series. There is also a possibility that certain loans amounting to about $l,lOO, which can not be legally collected, will tie paid voluntarily, at least ip part. If this is done of course the series can pay »ut before the September payment. A part of this $l,lOO is considered certain to be paid, but if not paid until nfter the series winds up, the amount will be prorated among all the stockholders.