The San Antonio Light (San Antonio, Tex.), Vol. 45, No. 364, Ed. 1 Sunday, January 17, 1926 Page: 62 of 92
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PART EIGHT-
TO ECONO MIZE
AND INVEST
PLANMEM
Prepare for Future by
Saving in B. & L.
Association.
By HERBERT J. HAYES
Secretary Security Building and Loan
Association.
“I’m going to get me a new suit
of doth.s this fall and then I'tn go-
ing to wait until spring and buy an
overcoat at their clearance sales. I've
about decided to buy me a blue serge
suit. I believe I like them better
than some of the other goods.
“Next summer we're going to Yel-
lowstone for our vacation. We've
wanted to go there for a long time
but felt that we should go baek East
to visit my wife's folks this summer.
We’ve been planning that Eastern
trip for a long time.
“Yes I know what I'm going to
get my wife for Christmas this year.
She's been wanting a gold bar pin
for a long long time. I'm going to
see that she gets one this year.
ECONOMIZE INVEST.
“I'm going to paint my house next
spring. Tre been thinking about it
al! tight. I planned for a time to
do it this fall but I believe that I
would rather wait and have my house
looking nice this spring and sum-
mer.
“We're going to buy a new car
just as soon as the new models come
out." This resume of good inten-
tions published in the Retail Lumber-
man strikes us as a very typical of
the average man and woman. These
are all worthy causes and are al! ne-
eeasary or most of them at least for
the comfort and happiness of a ma-
jority of families.
But how many of us realize when
we are planning these things that
there should also be another “good
intention." namely to begin to
economize and invest a certain amount
of money regularly where it will bring
us a good rage of interest in order
that we may be financially able to
enjoy the trip next summer to paint
the house next spring or to buy the
new ear when the new model comes
in.
PLAN AHEAD.
It is largely a habit that we have
got into of making our plans to spend
ahead of time but waiting until the
time arrives before making necessary
provisions for the money. It is a very
disagreeable habit too; or perhaps we
had better say the results are very
disagreeable.
There is a great deal to be said
in favor of planning ahead for the
enjoyments of life for the joys of
contemplation are often greater than
the joys of possession. But we should
see to it that our plans do not turn
out to be mere bubbles or air
castles through our failures to pre-
pare ahead of time to have the means
Benj. Franklin SAVE WISELY?
None of us can prophesy what the years
have in store for us but we do know an un-
touched reserve in the bank will meet every
emergency.
Build against the day of uncertainty and
when it does come you can meet it without fear
or misgivings and find just reward for your
early foresight and wisdom.
Do not let tomorrow find you unprepared.
Begin to build your reserve at this bank today.
INTEREST PAID ON SAVINGS DEPOSITS
• ALAMO NATIONAL BANK
Capital and Surplus $1250000.00
2
BUDGETING WILL PROVIDE
FOR ALL NECESSITIES
Plan your .pending. Keep books
on yourself. Then chart out your
expenses mid find out what it takes
on. says the Central Trust company.
Separate your need* allot a certain
sum to each and stay within that
sum. This is called budgeting. It
will keep you from spending money
on things you don't need and find
out too late that there isn't enough
left to buy the things you have to
have.
to possess these “brain children" when
the time comes. Otherwise we may
become so discouraged as to loee all
interest in the beautiful things of
life and fall into ways of pessimism
worry and dissatisfaction of the worst
sort
HAVE A PURPOSE.
Have a purpose; plan ahead for
things of benefit and enjoyment But
don’t fail at the same time to plan
to save and invest in order that you
may not cheat yourself out of the
happiness which you have planned.
The above article was copied from
the American Building Association
News and is reproduced here for the
reason that so many of ns have “in-
tended" to start saving tomorrow or
next month but still the days roll by
and we have nothing to show but
“good intentions” and very little else.
There is no better way than to in-
vest a certain amount of money
regularly in a good building and loan
association.
TITLE TO PROPERTY
VITAL PART OF DEAL
One must be certain htat the title
to a piece of property is goou. uue
validity of a title may be insured by
a guarantee company or its soundness
assured by an abstract company or a
competent lawyer. In obtaining a loan
a bank will insist on some such evi-
dence that the title is good. Some
banks and building and loan asso-
ciations include a title search in the
transaction. The buyer should satis-
fy himself that the boundaries and
corners of the lot are legally as rep-
resented to him.
In connection with the title it is
well to note whether there are any
easements which might for instance
grant a right of way to a neighbor
or allow a telephone company to place
its poles upon or near the lot or. a
water company the right to run its
mains across the property.
Sometimes the title to the house is
taken out in the name of both husband
and wife.
MAN HAS PROPER
PRIDE IN SAVING
Proud moments in a man's life:
When he saves his first $lOO.
When he has accumulated enough to
buy a home.
When he is able to head his own
business.
When he has the money ready to
send his. boys or girls to college.
When he is ready to retire with
enough to be independent.
“A penny saved is a penny earned"
declared Benjamin Franklin whose
birthday the whole United States cele-
brates in National Thrift Week. It
takes common sense in spending to
save that penny. If you spend blind-
ly reaching into your pocket as long
as the money holds out there will
never be a spare penny. Instead
you will wonder where the money for
necessary expenses is to come from.
INSTALLMENT PLANS
SAVE AND BUY MONEY
“In the Mutual you can buy money
on the installment plan” says A. L.
Moon president-manager of the Mu-
tual Deposit and Loan Association
of San Antonio. “For instance a
person can buy $lOOO cash by paying
$5 each month on the purchase and
the interest earned from the $5 will
help pay for it.
“We have always paid 7 per cent
compounded each January and July
so that only $670 would need be paid
for $1000: because $330 will have been
added to the money in earnings."
Mr. Moon states that it is the prin-
ciple of a high rate of interest com-
pounded that does the trick. He
states that the principle of this as-
sociation is the serving of people of
average means through a system en-
abling them to get a high rate of re-
turn with the sama degree of safety
as those of large means receive.
“We pay 7 per cent because the
state law under which we are incor-
porated requires us to prorate our net
earnings to our members” he said.
“And since we have always earned bet-
bet than 7 per cent and the experi-
ence of building and loan associations
all over the United States covering a
period of 94 years together with our
experience enables us to compute our
probabl earnings with a fair degree
of accuracy.”
SAVINGS OPEN
BUSINESS FIELD
TO REAL WORKER
Cultivating the saving habit which
is a way of saying “mastering the art
of saving" has two distinct advant-
ages :
It constantly increases one’s world-
ly possessions and provides his work-
ing capital. Ako it sobers his mind
sharpens his wits steadies his aims
and prepare him for his place in the
world.
Saving is a means to 10000 ends. '
The realization of almost every per- j
sonal ambition depends upon the
amount of money one has saved and
upon the habits which control his ac-
tions. Is it not well worth while
then to assiduously cultivate the
habit of saving?
The Thrift Adviser
Ben Franklin’s preachings
of reasonable thrift stand as
an inspiration to provident
Americans. This is the month
of his birthday. Why not
pledge yourself to abide by
the rules of the game of life:
to work hard play plenty
earn as much as possible
spend within reason and
iHE SAdI ANTGNaO LIGHT.
the is shed
IN BANKING
WIL
Rural Residents and Small
Town Folks Find It
Helpful.
Banking by mail has developed tre-
mendously in recent years.
City business men find the practice
highly valuable as a means of con-
serving time says a San Antonio
banker. ~ .
It serves to give residents of the
suburbs rural sections and smaller
communities the benefit of the com-
plete facilities of modern banks for
the transaction of their financial af-
fairs. he stated.
“Of course the principle of bank-
ing by mail is as old as postofficcs
and banks themselves” he declared.
“There is nothing new or untried
about the idea. Banks have always
transacted a large volume of their
business by mail —between cities and
between countries.
“Business men regularly employ the
mail in their transactions with other
business houses. Many large enter-
prises finding the banking facilities
in their local communities inadequate
maintain the banking relations with a
financial institution in the nearest
large city.
This banker said that many people
believe banking by mail is a compli-
cated matter.
He declares however that this
method is simple convenient and an
important time saver. Measured
against the time and expense of go-
ing to the bank in person the post-
age cost represents a real economy.
There is no traffic congestion in the
mails nor does a person run the
chance of being delayed by occasional
“line ups” at tellers windows.
BUILDING AND LOANS
SAVE SYSTEMATICALLY
Building and loan associations of
San Antonio offer ideal plans for
saving money systematically. In a
building and loan association your
dollars will earn the maximum rate
consistent with absolute safety.
HOUSEWIVES FIND
BANKS ARE HELPFUL
Social leadership implies executive
ability and executive ability includes
wise management And thrift. Most
housewives are exceedingly wise in the
handling of money. For this reason
S:.n Antonio banking institutions nre
anxious to co-operate with and serve
them.
Make Every Week “Thrift Week”
Small amounts put asid**
regularly soon mount to
amazing figures when your
dollars are made to work for
you through the B. & L. Plan.
That is the real meaning of
thrift — to spend wisely that
you may save regularly. The
next step is to make the money
thus saved go to work for
YOU—and that leads you log-
ically to the San Antonio
Building and Loan Association.
Money deposited here earns
8% compounded semi-annual-
ly. And that money is safe.
A record of nearly one hun-
dred years in this country has
demonstrated conclusively that
the building and loan associa-
tion system combines the
three elements of safety profit
and liquidity in the highest de-
gree.
SAN ANTCNIO BUILDING '
tod LOAN ASSOCIATION
where dollars growl
w. w. McAllister. see'y-Trcas.
Ground Floor Builders Exchange Bldg.
St. Mary's at Pecan St.—Crockett 4800
Please send me facts about your Monthly Saving Plan.
Name ; MAIL
Address ’ TODAY
INVESTIGATE THEN INVEST WISELY
A Thrift Week Slogan
The Reward of Those Who Save and Invest in Utility Securities
1. Relief from financial worries.
2. The pleasure and satisfaction of being directly as-
sociated with worthwhile enterprises.
3. The satisfaction of knowing that your money is
working for your community as well as yourself.
4. The joy of being able to meet emergencies as they
arise.
5. The independence and confidence that follows thrift
and careful investing.
6. The prestige of sound financial connections.
•
Inquire about our present issue of 8% par value Cumulative Preferred Stock backed by
the income of your own gas electric and traction properties. Ask your broker or your
banker about it. It’s waiting for you.
Call Crockett 5700 and a>k
for the Investment Department.
SAN ANTONIO PUBLIC SERVICE CO.
NINTH SEMI-ANNUAL STATEMENT
San Antonio Building & Loan Association
December 31 1925
RESOURCES LIABILITIES
First Mortgage Loens $1838507.15 Installment Shares S 872051.09
On Improved Reni Estate Represents all payments
on the monthly payment made on monthly and op-
plan security being in- tional installment stock
creased by each payment. in force and dividends
Stork Loans 01.422.89 credited thereto. *
Made to members on their Advance Payment Shares.. 424588.85
Certificates as security. • hare * upO j
• — -u - j i w which 50% Is paid and
Interest Accrued and Incol- includes dividends credit-
ect * d 18.241.95 thereto- No month | T
Prepaid Interest 1519.15 payments are made on
Accounts Receivable 9.00 this class of stock.
Taxes and Insurance Ad- Investment Stock 388100.00
vanned 2346.90 o n which 7% Annual
Being advances to pay dividends are payable in
taxes and insurance for cash each six months
borrowing members.
Cash in Banks 37935.76 Tola! Capital Invested $1868323.54
Represents checking ac- Du* on Incomplete Loans.. 81841.83
counts in banks to be ap- Accounts Payable 344.95
plied on loans pending. Bills Payable 224109.89
Building and Loan Asso- Semi-annual dividends pay-
ciations are not required able January 1 1926 on
by law to keep reserves January and July Inveet-
in cash as the normal ment Stock 7724.26
monthly income exceeds Reserves and Undivided
all withdrawal demands. Profits 6138.83
$1962982.80 • 81962982.80
OUR RECORD
Resources Earnings Distributed
August 1. 1021 .$ 0.00 December 31 1921—6 Mo..s 783.75
January 1 1922 40.896.65 December 31 1922—1 Yr. 14871.06
January 1. 1923 961707.77 December 31 1923—1 Yr.. 36363.14
January 1. 1924 519.979.03 December 31 1924—1 Yr.. 61029.94
January 1 1925 1.067.38355 December 31 1925—1 Yr.. 94587.20
January 1 1926 1962982.80
$207145.09
OFFICERS AND DIRECTORS
FRANZ C. GROOS. President ROBERT D BARCLAY Vic* Pre«.
fPreeldent Grooe National aßnk) (Vice President Nat’l Dank of
Commerce?
GERALD E. MELLIFF
Vice President W. W. McALLISTER
(President Mel Iff-McAllister Secretary-Tftasurp:
Lumber Company) (Son Antonio IFHldln* and Loan
Association)
GEORGE T. ALLENSWORTH „
(President Allensworth-Carnahan P. H. SWEARINGEN
Company) Attorney
WALLACE ROGERS HAR ”. T ” !‘?? ERS
(Rogers. Hill Company) tcapltallat.>
X. H. KINO ERNEST STEVES
(King Furniture Company) (Preeidcnt Alamo National Bank)
GUNDAY JANUARY 17 i.—.
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The San Antonio Light (San Antonio, Tex.), Vol. 45, No. 364, Ed. 1 Sunday, January 17, 1926, newspaper, January 17, 1926; San Antonio, Texas. (https://texashistory.unt.edu/ark:/67531/metapth1593118/m1/62/: accessed July 16, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu.; .