Casper Daily Tribune Newspaper, May 28, 1920, Page 7

. _——--_-------- ‘ = FRIDAY, MAY 28,:1920 €be Casper Dailp Cribune PAGE SEVEN |, NE LL aES ee ee Ree ape = a = a — == oe = —— = rei = = = = ae — vor i] rower received $200 minus 30 per cent,|face interest was 9.1 per cent. Mr.| Py or $60 on each share of stock he bor-|Johnson’s bid was decidedly above the) ‘ ; i A rows on, that is, he received $140 perjaverage for the. year, and 4 per cent} h 4 Little fa ital share, or in this case $2,800 on 20/higher than the seven year average;| ’ | e-a- H| (7 all | . - shares. He gives his notes for $4,000|and during the first years, the money| : at 6 per cent interest, interest payable|could not all be kept out on loan. HAVE YOU HEARD ABOUT ISKO? monthly, and secures these notes by a| “For the sake of accuracy and clear- ISKO §& ic Refrigeration is The high - inconvenience, mortgage upon the real estate offered|ness, we here state the equivalent of) the most sanitary, least trouble- unsat old-fashioned for security, and also assigns his 20/given premiums as ordinarily express-| some, and cheapest refrigeration method refrigeration with ice shares of stock to the association. Heed in interest rates: Homes, Modern Farms, in the Home and Business will ea B. M 4 t l Lac stone pays $20 per month interest,| 15% premium equals 71-17% appar- Groceries, Meat Markets, Small soon be succeeded by the Auto- ailed a} Al dividual jncome tax law. Under th _;or $240 per year for a loan of $2,800,/ent face interest. Hotels, Restaurants and Hospi- matic, Simple and Fool-Proot Copies 0 e state tax laws, as Ds Ms a . ipa thes aary Sun uel TeROEY, of the ass0-lor in other words pays an apparent in-| 20% premium equals 7%4% apparent als, are all prospects for ISKO ISKO Machine. 7 S, as at present enforced,/ciation to a substantial agreement. In| tooct of 8.57 per cent. He also must C of C. Mem ers for & mutual association also enjoys prac-|addition, the borrower as always Pays| continue hia payments of $20 per month | cogent: we | ation: ‘ : : ~ 6 Fel enenae from state taxation./the cost of preparing the necessary! on" the stock for, which ‘he pecan : premium equals 8% apparent A Chance to Build a Life-Long Business Local Indorsement eae euacamen tal: requisites to bring ‘an|/papers which together with the feel scribed, making a total payment of $40| 30% peeiien ‘eatinle 4.67% (apparent There is a erying need in this The Isko Company quires live- | “ nh under the law as 4 mu-| for examining the abstract, at present per month. When his 20 shares of Hy western country for a small, com- wire men fe 3 ers. If you | tual association are that the/amounts to $7.50. He also pays the! stocc mature, that is, when the pay |ace_ interest. Pepe pact, automatic _ refrigeration y execu- Following is the report on the Cas. | Control of th pe vested as/recdrding fee of $2.50 on the mortgtge/ ments and accrued interest equal $170| fare in ts 8M plant for the Home. Isko an- » is no reason per Mutual Building and Loan associa-|™uch in the borrowers as in the in-igiven. Above this, he pays a member-| yor share, his loan is paid thereby in| qoqq rest: ee eae why, with to $5,000, you tion submitted to the Chamber of Cam-|Ve"Ors. Second that the borrbwer be/ship fee of $1 per share to cover the! fun, his ‘mortgage released, apd. alll race ner Cauals: 10% are partly sold cannot build ig and profit- merce at the Forum luncheon, May 25,| Credited on his sinking fund payments|cost of running the association, and) )a\ "nents terminate Pipiringsndtul| “ene ieee vealed 00% The strong National Ad- able busin by D. W. Ogilbee for the committee | On qimoruzation payments with his full/this fee is equivalent, figuring average) rity at 88 months, and some. of the RAth CREA ABLS RES he ampaign of the Domestic Mechanical Refrigera- appointed to investigate that organ. | 927 Cdual proportion of the earnings of/ premiums as shown in the last annualliater issues should mature in less. thi oped abel Pas, Including full pages in tion is the next big busine: y the association funds without any | re 3 si 7 of rl ty pn rae 3 Seis orien Phe minimum “premium Beit FOU in it? ts ization. The Chamber of Commerce! try ae tepOrts commission of .7 of 1 Peri that, our borrower pays a total of $3,-|paid on only two loans. The maximum| Evening Post, has YOU in it? will have the report put in such form| Puan Or Preferential payments being/cent f loan running 71-3 years or] 599." of which $2,800 was the actual|>remium ever pala was 444 S eentl many peopla with that it ean be sent to every menor |made on previously subscribed fuhds or| longer. 520; i 8 ein jpremium ever paid was 44% per cent, < Seated: cin belleving that RUBDOEEWGE. tr member, | initial capital. We find that both ir| .. i i 2 wide advanced, and the interest pi or 104-5 per cent apparent face inter- your. proposition. blleving DACASHE of this organ-liaw and in fact the local association in|" 4% long as there fs any stockholder! is $720, hundred and twentylest, which was bid a short time ago;| This opportunity is offered to only one Casper man. jeation will In a large measure tend to] entirely within-the def i fu j who desires a loan at the current rate,/dollars divided by 71-3, the number of|put that loan cannot be called long | , T ‘ 9 the solution of the housing problem in|tual association. * ™|no non-member can be granted a loan.| years, equals $98.16, annual interestlas payments of 18 per cent per month Are YOU that man? Casper. = * pate i ate |The face ue of the stock is $200 per|payment, since the average amount of| of the amount loaned are maintaingd.| Write‘us for full information “At the beginning of the Investiga-| ate ny 3 i sty pat pp at Ba fou | share, but since the minimum discount|the association's money that the bor-| “Basing our figures on local past | the members of this committee, S@!® and why must miums be bid/is 15 per cent, the maturity v: rower had through these 88 months/perience. the Ana cnminarinen etal M » very. skeptical as to the advan.|{? secure loans? ne statue | law|reduced: to the same exte was on account of the level repayment|apt: Spiga yi COD ATRGAT THE HURLEY COMPANY tages afforded by the association to a/Of the state embodi section 4083/to $170 per sha Suppos' |feature only one-half the act loan, : “a ay fstri borrower, Three specific complaints! 2 the compiled statutes of 1910 speci-| member wishes to secure a loan of be-|we divide $98.16 by $1,400 and find that! EERE LC) ye) | . Distributors 1 were lodgediwith us: First, it sa ar-| es that method of alloting los nd tween $2,000 or $3,000 at current bid|the actual out of hand interest. rate] | 1749 California St. Denver, Colo. jeged that in order to, secure a loan,|tis matter is thus taken out of the/rates at the beginning of the fiscallwas 7.01 per cent. In practical effect,| a borrower must bid an extortionate; %4Nd8 of the trustee: year. He must first subscribe for 20/the stock dues of $20 per month rep- SHEAR YOUR premium for the ‘money. Second, that| "To get at the basic theory of such|shares of the stock, paying down alresented a sinking fund payment. No | “women Were permitted to bid in|SS80ciations, as exemplified by the lo-|membership fee of $20, and. $20 for the|/matter at what time the loan is made, SHEEP NOW | nl the money offered. Third, that|C4l organization, has necessitated aj first month's dues, on 20 shares.. Helit is paid off and discharged by the stock at maturity was not paid out in|@elving into the mathematical theory|agrees also to mamtain his payments| maturity, of the stock assigned as se-) ater * full. We find that payments on ma.|0f investment and since the commit-jof $20 a month until the maturity of|curity, thus if a‘holder of stock three Let us save you time and tured stock have been made in ac.|tee has not had acress to the text/the issue subject to the penalty pro-|years old took a loan, it would be paid mW cordance with the provisions of the|00ks containing the tables and formu-|¥ided in the by-laws for delinquency.|out and discharged by the maturity of| e are now prepared to informati ii icti statute law of the state and the hy.|!ae. we have been forced into a deal ofjHe attends the next meeting of the/|that stock in about 52 months. \f shear 5,000 sheep a day Foximaro tion leading to the arrest and conviction laws of the organization. It would oh.|2tithmetical Computation by the ordi-|board of directors and when the funds}; “As a specific example, we he f. ac eo s viously he impossible out of the fluja|®ary laborious method, and while wejare put up to bid, he bids, let us as-|the record of the association's first loan, ee ncance of eter and of one who robbed Duhling ranch on May 25, stole full funds of any financial corporation as|@0 not vouch for the accuracy down to|sume, 30 per cent premium for a loan)allotted to W. R. Johnson, on July 25, eed; convenient crossing am. i . young as this association to pay out at|the fourth decimal point of the figures|on his 20 shares and the loan is al-|1912, at 34 ‘per cent premium. Mr. on Casper Creek; wool in SEES COFEID) EEE Ey Oe EP ates La ce one time the $215,220 which was the|Presented, we can guarantee their sub-}lowed. The property he offers in se-| Johnson, on twelve shares of stock re- 3 a : : sas? matured value of ‘the unpledged first|Stantial accuracy, curity is then appraised. by a comffinit-|celved $1,684, His loan ran 87 months. pare ean aeh rington and Richardson revolver, pair ladies’ boots. series stock, and in addition to this} ‘The purpose of the association is to|tee, and if the amount to be loaned is|He paid in $2,088 plus $12 his first ishop earing Pens FH + + the state regulates such cases, and the|extend long term loans to home bujld-|not more than three-fourths of the/month’s payment, or a total of $2,096, | Bishop, Wyo. Phone 5F2 Leave information at Tribune Office. law has been complied with. As indj-|ers and buyers, at the lowest cgonserv-|value of the property offered as se-|and his actual interest payments : ative of the borrower's attitude toward{ative business interest rate, principal|curity, the loan is executed. The bor- equalled 89 per cent. ‘The apparent or the association, the following figures|and interest payable in equal level show that this association is becominz!monthly payments. We find by pain more and more an organization of bor-| taking computation that if the local as- rowing home builders. Of the 1 12|sociation suffers no losses, that if its series there were 1,266 investing! operating expenses do not at any time 461 borrowing shares: a percent-| exceed its jnitial membership fees on of borrowing shares 26.6. In 1913,|each annual series of stock, and that 616 invested, 153 borrowing, a percent.|if its funds are loaned continuously age of 22%, In 1914, there were 373| Without an idle day,,the net interes investing, and 189 borrowing, a per-|rate paid on the average loan will be centage of 33.6. In 1915, 184 investiny.|7 per cent. This is true no matter how and 306 borrowing, 61.9 per cent. In| high or how low the bid premiums may 1916, 754 Investing. 488% borrowing,|be in any given case, because if the percent 89.8, In 1917, 1,065 investing,|@verage premjum bid is high, the ma- 803 borrowing, percentage 42. Tn 1918.|turity will be proportionately shorter. investing, and 904 borrowing, 60| This has been worked out by your com- per cent. It should be stated, howsver,|™ittee upon assumed figures and the that “the borrower is also an investor,| result checked with the figures given and receives the same retu.ns on his i investment as does the stoc!cholder who | HBG R HEHEHE EERE; HHHEHEE ‘ (Murder Will Out) : does not borrow on his shares. “Building and loan associations are favored creatures of the law and mu- FOR HEALTH tual associations are particularly fa- vored. Th Wyoming, there are two| @S well as appearance, ’ classes of such associations authorized.|* keep your teeth clean and incorporated mutual associations, and your gums firm. incorporated non-mutual associations, the latter: standing in all. respects be- fore the law as an ordinaty financial A corporate body. The non-mutual asso- ciation’ being run for. the particular Tooth Paste re a } profit of the investors and managers, i id 3 ; s are subject under both state and fed- F eral laws to all the burdens imposed Cleanses naturally and ex- : e upon ordinary corporations organized Py for private profit. Quite different is|% ceedingly well. a rices the case of the mutual assqciation. It like the mutual savings bank so com- CASPER PHARMACY mon jn the east, and the -co-operative “Once a Trial—Always It does me good to read the papers and see that the merchants all over the country are howling that they are overstocked, closing out, need prmere PS i psa ie lag pe Nyal.” the money, quitting business and many other excuses too numerous to mention.. They are offering their million-dollar stocks at next year’s only the interest accruals actually paid 4 wholesale prices, which the good Lord knows will be higher than ever. I don’t care if they never have a vaudeville show in Casper, I always to the stockholders are taxable in the Be ene rary ince ie are OV have a laugh coming. I want to keep my wonder tailors and myself busy hands of the stockholders under the in- ps Sod . - — * We are going to divide our stock in Three Groups and will offer them ‘ 5 Everybody is invited to look ’Em Over. If we can’t sell you a suit, let us sew a button on your old Pants. We want to be busy. | re Tam Some Party When M & G’s ; ; e e hd P Are Th . , ? ressing stars Gah Ic m he € FricKkInS Woo . There is a teasing temptation to have “just one more 2 While helping” of party refreshments like these: We Are Going Back to 1915.Good Old Days ‘ M & G Potato Flakes with minced tongue or deviled ham G (@) S e, P ° 5 G T: S : P G 6 Ee taNezten a eaitoe roup One--1920 Suit Price $50 roup I wo--1920 Suit Price $60 Your guests won’t leave a - 2 . crumb. And the secret of theit D S ] D S l appreciative appetites will be the uring ale ry uring ale big, crisp, golden M & G Flakes. oP 5 sity FO 1915 P 1915 P cS sells "ME G's" rice rice Colorado Potato Flake & Mfg. Co. ° Denver, Colorado 7 : 5 ° Group Three---1920 Suit Price $75 50 — — — = ee areal 5 73 : : Sale, 1915 P CEE ANA During ale, TICe 25. = = = John L. Biedermann, Pres. Robt. L. Johnson, Manager = “ = = Please, Please, Please Come Early Folks, as my little store is onl = Natrona . , ‘ , = 12x16, and our space is limited S , 2 ‘Phone 948 = ='MOVING VANS, DRAYS, TRUCKS, = E AVY AN . W G e e 7 oH all tui New Method I ailor and Clothier BAGGAGE AND EXPRESS |_|. 130 W. Midwest A McClure Bld S ° lawes ve. cUlure g. => Pr | VE IT” Open Every Evening During Sale Until 9 P. M. ¥ = WE MO ACROSS THE STREET FROM NORTH WESTERN DEPOT LOOK FOR THE MAN IN THE BARREL = 7 ? => i