Show ROBT 1 I BURTON HEADS GO COMPAN I I Firm Lends to Salaried System The Peoples Finance Thrift ft company com pan ot t Ogden Osden a new financial has been perfected In Inthis this elt city and will what hat Is known ai as the tl as j basis basil for tor making loans The I 10 o- o cill ent company will bo und under r the di- di direct management ot oC I Jur- Jur lOll Ion Ogden n business man with wide wl und una Interests The Tho coi com com- compan pan pany will have Its quarters In t the theatre building on i n l lepel avenue but It III be n II rew daig 8 however hoever before will be In tor COl them to n move O e In The fhe Installation of the company will be supervised by a represent five ot of the homo home office ot oC the tho pa par par- ml company COlli pan In Los Angeles The company was wu un- un unde u de the thu direction of ot Samuel Adel Ad stein organization man r who wl 13 been makIng Ogden his head head- q for several se weeks rhe officers directors and Inco are Robert I I man Frank franl M Driggs superintendent Utah state scho school for dear deal and blind V W tl II Heed Heeder S l No Jr attorney at law ton lumber dealer Joseph contractor J Francis Fowles real Carl C real e es tate talc Albert Black Dlack business man DrS W Ur-W S Paine dentist Dr C n P 1 I V l SAME SUU SYSTEM I The local company will operate on Identically the same basis as a doell every other company compan operating under the system whose number now totals The was b by Albel Albeit t D Imset and In operation In where here Cl 61 companies tire In opera opera- operation lion tion successfully using g this t ls plan The system has lias been 1 through scientific research ot this 1 special lype Ipe ot o financing by lead In In this line of or work of what hat a l vita and aCId Integral part these I play In the lives of ot million I ot or people Is best gathered from Crom the fact that In Europe there wert more than In 1910 1 with turn over of ot The They originated In moro more than 90 years ears ago aso In the United States the o 0 companies of ot this nature ha been most pronounced during o 0 cite an all example I more than on hundred million dollars vre re loaner j to 10 wage earners and salaried l the average loan being 1 I and nd the loss ratio was less les than tenth one of ot one per cent CHARACTER Explaining the ind nd the manner In which the tho Peo- Peo pies Finance and Thrift compan of oC Ogden will alre Sir r Adel stein eald today Character and tones form Cor the basis of o security fo for small borrowers The s aI 1 ed id will be honesty and tel ter on the part of the borrower while the rate of Interest to bi be asked for tor these character loans will Su low and prohibitive to the loan Repayment privileges may b be made on weekly semimonthly 01 or basis with all loans mad for either 10 or 12 months By this plan repayment Is made cas- cas casI I y and is the means of the spirit of oC thrift systematic savings 83 If leading to The wage age earner salaried man manor or woman woman- and small tradesman have at times a need of or that Is ag as legitimate and lind economic as that of ot the lart largest the need ot or better sur sur- taxes Insurance tools tool equipment etc all these ar lI reasons ons for borrowing b these people The system m ot oC lendIng lendl IToney not only creates create I the hind of oC opposition loan hark chark can cil rot face tal but spreads the bene beneJ J Af credit opportunity over an ever c ide ng circle In ny 1 well financial la system thel thorr nrc nIe thre or dl Commercial r r and In- In Th Th- Th national companies etc ete provide pro r- r credits congress has made ru- ru rural iral ral credit a II reality and the Wlm- Wlm Felt system y provides plo Industrial crp lt 1 FEW 11 11 HAVn Statistic bow that tl- tl itly Iy only per Int of ot the tho pop pop- pc P- P ot o the States Statts has available available- In th fr dil facilities banks The rest est that great mass of I Included amon whom hom are athe the wage earners salaried work work- workers wor ers erf etc who have permanent em- em employment en arc alC the unlimited fie for u Industrial loan companies suCh au I as liS the system There ae a thousands of people In every ery eom- eom con p ri unit unity who from time to tl time ate ai lv In neel ot or money caused through death accident sickness i al opportunities and numerous oth- oth other er emergencies and despite the tl that the statute books ly Iy prohibit the ho activities neU of or hl higl h- h rate money Inders still by of or the stern laws las of or ne tl loa o shark thrives es It must bo manifest to those ghin giving some side thru ht to thc of or this situation that the only means menns ot of relief Is to establish and op operate rate a s system slem to 10 meet mett this II e The system Is 1 uch A strong p In community c e ce evel every It I operates Increasing the number of self respecting men and ard Women by y orr offering th them m an opportunity to t o borro sorrow In their own names names- ar Ihu thui saved the of or ap- ap ai I pealing ealing to charitable Institutions and from froin tho ho clutches of or the loan For some time the System tern tem companion have ha bel been In the West starling o originally In California then gradually extend extend- extendIng extern Ing their activities to over cover all the t coast tates then the Int country and the middle west st and eastern states un- un until til il n PW w there lire are approximately 11 o companies In ful operation Thin tremendous groth Is upon the fact that thaI these a IL distinctive and necessary In the communities herP In they operate These J are owned managed mid and controlled hy local stockholders but ea h the supervision nl 1 advice of Ihl he parent company he result that every e local company as successful rul I from its Inception |