GOLDSBORO BOOK TELLS OP
BUILDING ND LOAN PLANS
(Continued from page ana)
share. Tor months hoeing Saturday
the duas arc one dollar par share. If
there are live Saturdays, the duel are
11.25 par ihar*.
Why ia a membership fee of terua
ty-five cents par share charged!
ThU charge of twenty-dec cents
per ihar* goes to the expense fond,
and la charged because some mem
bers withdraw early, and if they paid
no membership fee, they srould hare
been an expease to the association,
as no withdrawal fee Is charged, and
their money eras not ia long enough
to earn any profit.
When Can Shares be taken eat!
Every three months a naw aeries
opens—the first of each March, Jane,
September and December, and re
mains open for ninety days
Suppose a member becomes In ar
rears?
All paymante must be made month
ly in advance. If a member misses a
payment hr Is charged five cents per
thsre per week, so long as ha It In ar
rears.
Do I have to pay taxes on money
pul in the Building and Loan Asso
ciation!
No you do not; your gross profit
I. asm*
When a shareholder needs a lKtlc
money, is H beat to withdraw or la
borrow
It it best to borrow, as you can bor
row aa much aa ninety per cent el
the amount paid in on your riiarca at
six per cent interest, and then yon
may pay this amount bach as you can
and your stock continues In force.
Suppose the payments becomes
burdensome; Is there any relief?
Yea; the number of shares may be
reduced, and tha amount standing to
the credit of the shares that are to
bo discontinued may be credited to
those to remain In force, or that
amount be withdrawn, tn either event’
tile smaller number of shares may
be continued.
Is there any other way of relief,
so as ta step all payments?
Certainly; the whole amount of
dues paid in together with ths pro
fits due ou withdrawals at that time,
may be withdrawn and the shares
canceled.
What is the withdrawal value of
shares?
The withdrawal Value, or what
might be csdlod the "Cash Surrender
Value,” during the first two your*,
is an amount oqaal to the sum of all
aiive pam id. eciuicn wiu:Jiiwing
after two years from data of issue
receive approximately 4 per cent oe
the amount paid in.
Whet Is the per value of install
siest shores?
One hundred dollars per share.
When Is this received by the Air
holder?
Just ■« soon as the monthly pay
ments, together with the created
profits, amount to one hundred dol
lars per share.
Whan will this be
Our sxperiencs has been that it re
quires about six and one-third yean
to mature installment shares.
Will this continue?
The Goldsboro Building and Loan
Association has been in business since
1906, and the experience of the post
U a pretty safe guarantee that In the
future, as - in the past, installment
shares will mature in that time.
How much per share will have bean
paid in?
About $83.00.,
How much wiU bo the profit?
About $17.00.
What rate of interest does this pro
fit represent
Over six per cent
Of what do the assets of the Build
ing- sad Lean associations consist?
The assets of the Building and
Loan Association consist priacipadty
of first mortgages on improved reel
estate and loans made to our mem
bers open their share* in this asso
ciation.
K seems very evident tbut the
Building and Loan Assentation offers
the greatest Inducements to poople
having mossy to Invest, either In paid
up shares, er Installment share*, pay
ing over six per cent eompound in
terest, but—dess it offer say Induce
ment to thorn: wun to ouun
homan, bat ore not tbk to pay each
for tboiaT
Thla la really the chief object of
Building aad Loan emoeietlene, aad
the plan U a eery alaipla aad ottrac
tlea oaa.
PltiM explain K.
' Tba Ooldabon Building aad Loaa
Amoclatton lenda money to tto mem
ber* with which to build home*, tak
ing a flr*t mortgage, aad aBoera the
member to repay the loan In eaay
monthly tantolhnnirta
flow la thla dona
Wa will OhMtnto by tappoalag yau
hart a tot aad wtah to bo lid a booaa
to coat two thonmnd dollar*, aad aap
poalng, aim that pan an not a mem
ber of thla amealatfoa. Yoa call at
car afltoa and aaplala yaw dartre
to too aoontory, who wIB gtoo yoa ■
form of application for o toon of bwa
tboaaaod deUara. which yoa will *tgi
aad toaeo with him. The mantarj
praaaata thto appbaatlea to the Loaa
Committee wba appniaa the eatoo ai
year tot aad the ham yoa pmpaw
to bafld, aa toown by yoar plana aad
apectf ieettoac If aoeh mnabar of thfa
mT*auovnL~*JLrt
too appHaatlaa la epperrit aad tar*
ad aear to oar atlma/i fora iitwl
lag laecotfgatioa ad the title. The ap
fllsant then eubeertbe* to twenty
»h»»*e of itock, paying th# regular
entrance fr« of tw#nty-fl»e cent* por
abate.
Whet will tbo monthly peyment*
be thereafter
If there are four Saturday*, the
monthly peyment will be 130.00 on a
loan of ft,000.04. If there are fir#
Saturday*, the monthly payment will
be 134.00.
Does thie Include th* Interest on
the money borrowed?
Yea
What rate of tirlereat ia charged?
4 per cent.
Por how long a Mate?
Until year aharee auto re, which
cancel* the debt and clean the prep
ay. According to our pad experi
ence, this win be in about *ix and
one-third year*.
Retell price* el the necessities of
life continue to recede all over the
United State*, according to report*
gathered at Washington, and this
without the intenrentlen of the gov
ernment through suite egainet profi
teers, threatened sotn* weeks ago by
the Department of Justice. The de
cline i* credited by Attorney General
Daughsrty to the American house
wife. sad indications are not locking
that the diagnosis is comet.
Buyers generally have fceen notice
ably more provident of lots and havo
been displaying more of a tendency
to "shop" and compare valuos, an
attitude which has promptly reflected
on the price tags. Even the coal
trade, long pictured as the most ar
rogant of “combIn**." has felt the
pressure, for the reduction announc
ed during thv past month have boon
due more to economy of consumption
than to the mildness of the season,
the tabulated statement of mean tem
po re lures showing an average excess
of but 1 degree per day daev Janu
ary 1.
Ewontlally it Is.the buying public
who Croats and control the market
sad demonstration of that truth ought
to check the habit of calling on the
gorcrnment to regulate ores tho tr.v
»1 affair* of everyday life. Pi ice Ha
ag by atatate it out only economical
ly unitund, bet bu yet to prove It
*lf *ff«ti*e. cave la exceptional cti
'•! the moie certain remedy agaiad
rat.tiering Ilea with the purchaser In
t ample tightening of the puree
;tring» when he iloan not get fall
value for bla dollar*.—,Philadelphia
Bulletin.
COLOMBIAN TREATY
S FINALLY RATIFIED
Waahlagton, March 2.—Ratifica
tion* of the treaty between the Uni
ted State* and Colombian, whereby
the A rare lean government peya Co
lyombiaa 215,000,000 a* eosapenm
tion far the let* of Panama were rot
changed yaaterday la Bogota, accord
ing to advice* received today by the
Colombian legation.
Why Tbo Money Gee*
Thin ia certainly an *ge in which
that proverb that tay* riebc* have
winga hold* good. P»rt*ap* the tint
and greatest wing of riches In Indol
genc*. It i* poesublr t* earn more
—mi i ——mmm
money today than y*ardago, hat U
It 10 tlapl* and to extrarfotntly easy
to lot h dip far the nadwti aad 1 us
uries ot life when we have It that
to* of u* »av« very math. K tom
a lot of money to ho well.-Drag* rest
money, doctor* *«*t money aad
riumr* cost a* gnat deal at it. Aad
it eo«u money to be etoaa Then
i* no doubt hat that ekeallaee* la
next to CodllnoM, hut it o+ot* maaey
Just the >aac. The grootedt Item of
expense, however, la oar effort to
tc Uht other people and la da arbat
other* da. A neighbor buy* aa aato
mobile and ate mud have on* Ju*t a*
handroa* or a little better. We mad
<lres* like other* dreai and go whore
ethers go. not because are. ahoay*
waat to, bat because eociety demand*
•t. And wo ore somotimoe cantos*
A* Yew Soldier Boy How -Cootie."
Cot Seek A Held
Hell tell you that the batUafrotru
of Swope were ewe rating with rate,
which carried the daagerew vermin
and eauaed ear men abery. Don’t lot
mU bring (Hooaeo into yo«r home.
Wren yen too the flret one got RAT
SNAP. That will iaieh them quick.
Throe elaea, 35e, Me. |1JI. Sold
and guaranteed by Butler Brea. Hood
A Grantham, Wlleoo and Lae. 4
— 1 ——00 |
about how wo epead our asoooy and
about tho Mann la which wo tako
earr of th« thing* that coast hit* our
poarondon, and w* pay for this ctro
las.noaa Boom of us waato a living
and than aroadw why wo caaaat
maka tha snda moat. A doso-Astod.
stingy (allow la about tha atost con
temptible of God's creation, aad the
man who never uses good rs—iaa
’11 M-iU_L.JSSJP» JMU_“SBH9SMBHH
Mi* U the expend Iran ef kit nteoey
mm him a close ihn4.—Hoc res
JeeraaL
MUST PAY SIPS TO
*UY ABSENT SPOUTS
B'.ehmoxd. Vn„ Match 1—My a
vote of l« te S. the Vi**t»la Senate
today p need the Map* prehJMtiea
Meaear*. entryln« with it an rmtad
—- -1
far* Ranching the KW."
“Since moving near the river 3
year* ago wi’ri always need RAT
SNAP. Watched a vicious water rat
nibbling at RAT - SNAP oataide the
bouse. About Id minute* later be
darted off for th* water te cool hi*
banting stomach, bat ho died 'tafsre
reaching it“. Three ait**, 35c, «6e,
1136. Sold and guaranteed by Bai
lor Bros., Hoad A Grcntear.!. Wilson
and Lea.
Income Tax
Just received the new in
come tax laws for 1921, and a
supply of forma. Am prepared
to aid in making out income
tax returns.
J. O. WEST, Attorney
First National Bank Builling,
Dunn, N. C.
Foote’s Sketches
of North Carolina
1ML ImmI MHIm aiaet rtwlnt of Iks
bn. Thais^kly rsUsbb. lovshakUte ikeas
IntsK^MlMarlyfclfMryfheiVyUfieaOisMli
«n«el4tfratJlii of tit* ItatA tt *5—
RCPMMT COMPANY, »UNM, U.C.
EAGLE “BHAD<r>^J^^VP„dl No. 174
EAGLE PENCIL COMPANY, NEW YORK 1
\m
I
i
tmd for an
Egg Harvest NOW
TT moat be done with en
* A perfect w atko cootaane
aqaal sarobar oa aWaa and HI
■Mi aMa radon, aoaa brralr
aamrimn fat. al>3a u U abort oc
■naoarfal. Onin-fad bana cant 1
Purina Poultagr
arbtee aa yob a, aH^ut km
Ma bant body ta tea caadMon.
The Fate ia pnm
bade pot paa bom aqqa boa
paw tea* aa aoaa bom al
ba weanOai, And, h aa« do b at
e^Maafaaitec « *** *""*
Fmdfrmm
Am dUrfcerfcoitf Baft
XMteaod paapab lg>
Sold in Dunn Exclusively By
LP. SURLES
■ .
.....
I Pay Your
TAXESI
1 ; ;
- ... .
n > ' : 1 jfV- 1"
Several. Thousands of Dollars are
Still Due on Town Taxes. The
Time Limit is Almost up
We Must Collect
Please Do Not Compel Us to Col
lect by Distraint.
Come and Pay Now.
- »
W. F. Dawson
■ ^ * I *
Tax-Collector, Dunn, NorthCarolina
■IM 111 I ■■■»■' ■ ■■"" ■■»■» sss
Farm Implements
Don’t Walk 2t Miles
A Day Behind a Plow
when you earn ride end do better work without put
ting any additional load on your team. ,
1 There is a riding plow made specially for the
fanner who has only two or three work animals—
i
■
l| I
m ; H
1 Avery TJtfle Indtaa”
It baa exceptionally l«ht
draft because the rear fur
row wheel acts •• a rreohr
in< landside, reducing Mo
tion, and all wheels are fitted
with dirt proof, threaded
treaee caps, making U easy
to fores treats die entire
Icnttk of the aide spindle.
I without was paint wheels.
The lending bttr controls
the front furrow wheel and
enables the operator to take
mors or less land Instantly
to straighten crooked fur
rows. It *l*o bolds the
. ptoif to its work on sloping
ground.
Furnished with 10 or 12*
Ineh bottom* and twn or
three horse hitch.
It won't cost yon s sent
to (one in and look tots
C™
| Hotter Brothers I
AMD |
rufNiruMK