The Clinton chronicle. (Clinton, S.C.) 1901-current, July 31, 1924, Image 10
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THE CLINTON CHRONICLE, '
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AT ft MONTHLY COST OF HARDLY MORE THUN RENT
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HOME BUILDING AMONG YOUNG MEN AND WOMEN IN CUNTON HAS BEEN VIRTUALLY AT A STANDSTILL FOR MANY
YEARS. HIGH BUILDING COST#* AND SMALL INCOMES HAVE BEEN TOO FAR APART. — -
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BUILDING material costs are now much lower and a nice home has been brought within reach of every
YOUNG MAN AND WOMAN, EVEN THOUGH OF MODERATE MEANS, BY THE RECENT ORGANIZATION, BY ENTERPRISING
CLINTON CITIZENS, OF A LONG-TERM, EASY PAY BUILDING AND LOAN ASSOCIATION.
The Clinton Building & Loan Association
~ ' READ THE FEATURES
I WILL SEE YOU THROUGH
Very Strongest Directors
Geo. W. Young
Guy L Copeland
W. J. Bailey
Jack H. Young
J. F. Jacobs, Sr. \
E. B. Sloan
J. W. Copeland, Sr.
E. J. Adair
C. W. Stone
Strong men of established
reputation. All of them for
years, leaders in Clinton’s
financial circles.
Let Your Rent Build Your Home
All shares, par, paid up value, $100.00 each with a loan value
of one hundred cents on the dollar. All paid for on a basis
of 50c per month per share, an average of only about a cent
and two thirds per day per share. The payments run until
the stock is matured, until it has reached a paid-up value of
$100.00. Probable maturity 125 to 156 months. You hardly
ever pay in more than $62.50 to $78.00 principal on the hun
dred; depending on the earnings of the Association of which
you receive your pro rata share. Read this table.
If Your Home Cost You $1,000.00 Your monthly payments will be only $11.66
M
9$
99
99
99
$2,000.00
$3,000.00
$4,000.00
$5,000.00
$6,000.00
$7,000.00
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99
99
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128.33
$38.00
$46.66
$54.83
$70.00
$81.66
Able Officers
Geo. W. Young, Pres.
E. B. Sloan, V. Pres.
W. P. Jacobs, Sec.-Treas.
H. L. Eichelberger, Asst.
Sec.-Treas.
. Loan Committee
W. J Bailey
E. J. Adair
E. B. Sloan
Solicitor
R. W. Wade
A strong organization with
safety secured by older
heads and progress insured
by young men.
If You Don’t Borrow on your Stock the Shares Cost You Only 50c Per Share Per Month
Over 3,000 Shares Alr&dy Sold—Before the first series is closed
the figures will reach probably 5,000 shares, the largest Building
and Loan series ever floated in Laurens County.
Over 50 Have Subscribed For Building Purposes—The movement
has met with a tremendous interest and’hearty support of Clinton
people and you would be surprised how many of your friends,—
young men and women have signified a desire to build within the
next few years and are laying plans accordingly.
As A Community Enterprise—There can be no worthier under
taking. The movement was first begun when endorsed »by the
Commercial Club in 1921. It will>do more to encourage home
building b y folks of moderate means than any other influence.
Clinton needs more homes owned by its younger families.
As An Investment—Money placed in the Association in stock and
on a share basis will yield from T 1 ^ to liy 2 per cent interest per
annum depending on the activity of the Association. The security
is the very safest local real estate.
A New Series Every Six Months—The activity of a Building and
Loan Association determines its earnings. With this i n-view a
new series of at least 1,000 shares will be issued every half year.
16 Applications for loans Already—16 young men have subscrib
ed and asked for a loan as soon as the Association begins opera
tion. They wish to build as soon as the loans are negotiated. A
tremendous and fertile field for the Association. The heartiest
assurance that the Association will be active and will serve a
definite purpose and fill a great need in Clinton.
An Ideal Saving For A Young Man Or Woman — An obligation
to lay aside a small amount every month out of the salary, staves
off extravagance, saves money that otherwise would b e thrown
away and gradually, without burden, builds up a nice estate.
Resale And Withdrawal Easy—Any share holder may withdraw if
necessary within the first 4 years with a small proportionate loss.
After 4 years, withdrawal is possible without loss and with nar-
ticipation in the Association’s profits.
■ r‘ $ • ** . *•«, . . 1 *y‘.
The Association is under obligation to no bank or bankers, will do bumness with them all The same applies to fire insurance real es
tate, etc. It is a Clinton institution, non partisan, open to all and will co-operate with all local institutions. It is not connected with’
any real estate development Will lend money on building operations, any where, any time, in Clinton. Subject to approval of the Di
rectors. i
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BOOKS OPEN FOR SUBSCRIPTION TO SERIES NO. 1 UNTIL SEPT. 15,1924. YOU MAY SUBSCRIBE ANY AMOUNT —LARGE
OR SMALL. w
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RESERVE YOUR STOCK TODAY
, ’ WRITE, PHONE OR SEE ^ v "
W. P. JACOBS, Sec.-Treas. or H. L. EICHELBERGER, Asst Sec.-Treas. V
■*r
Prospective Borrowers: Especially Desired.
Telephones: Office 8; Home 222.
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Office Display Room Jacobs & Company Building
(Store Room nearest Union Station).