Rensselaer Semi-Weekly Republican, Volume 20, Number 40, Rensselaer, Jasper County, 20 January 1899 — Rensselaer B. & L. [ARTICLE]

Rensselaer B. & L.

The first series of the Rensselaer Building, Loan and Savings Association, is now finally wound up. Payments on the series ceased four months ago, and non-borrowing stockholders then received $lB5 on each share of. their stock. But the full amount was not then paid nor were the mortgages of borrowing shareholders released, because some collections of loaned money had to be made before all shares could be redeemed. Those collections have now been made and all mortgages have been released. The total amount of these released mortgages amount to over $40,000. As it happens the amount that has been realized from The sums due the series amount to moro than enough to make up the full S2OO per share for non-borrowers, and thus will receive $16.33 on each share, in addition to the $lB5 received four months ago, or $201.33 in all. Of course the borrowing share-holders are also entitled to a share of this excess, and they are each receiving $1.07 on each of their shares they have borrowed upon.