Salt Lake Herald-Republican | 1915-09-05 | Page 17 | The Western Loan and Building Co

THE WEST WESTERN LOAN I AND BUILDiNG CO I The Western Is 18 a a. combination i of or a a. savings bank and a mortgage loan comp company n loaning Its monc money on the tho building society plan thereby securing to Its borro borrowers ers an opportunity to obtain obtain ob ob- tain loans at III the least possible cost and of at securing for tor Its Investing members mem mom bers the e largest possible returns In 11 Interest consistent with absolute safety It was organized In 1892 1593 with an au authorized authorized au- au capital of or with I aU-I a n guarantee fund or permanent reserve fund of or The company compan Is authorized authorized authorized au au- au- au to do business In the stales of at Utah California Idaho Nevada Xe Montana Montans Mon Mon- tana tans Oregon Washington and Wyoming Wyo Wyo- 0 ml ming ng Owing to tho the Increase of oC business and extensiveness the authorized capital capi t tai tal l has been Increased to and the permanent reserve reser fund to shares of ot stock aro are in force torce to date on which over have been paid The company's assets today are practically Ten years ears ago the company's assets were less leis than compared toda today with The company has assisted In Iii erecting a about out 1000 homes and has hali about stockholders who arc are In Investing investing In in- vesting their dimes and dollars with the tho company compan on the monthly building and und loan onn association a plan The company compan is under the super l supervision supervision sion Ilon of ot the state examiners of oC California Califor Califor- nia Utah Montana and Wyoming who examine by persan personal l Inspection and verification tho company's compans business Cl C every year The earnings of 01 the company company com com- pany pan to Its stockholders aro from Cram S Sto Sto Sto to 10 per cent on the monthly Investment investment Invest est ment stock The net earnings for the i year 1913 1013 were about t OOOO During the last year ear the firm made madea la a loan of ot to the SU St t. t Elizabeth I I j jf s' s I 4 f r t 1 y r ieL it 1 k F e k kR R k r 4 cam z r rz P. P W. W MADSEN I I hospital at Baker Baket City 0 Oregon and the I corporation n subscribed to alia whores whores' res j i of or stock a aK as a sinking fund with which to meet other obligations W. W I The officers and directors arcs arc P. P Madsen pr president manager and tHree tHree- director i tor H. H W. W Madeen Madsen vice president an and II treasurer r and nd director t Dr r. r J JOhn hn T T. White secretary and ell director rectal Samuel Paul l' director James cn di director r rector and attorney H H. M. M H H. H Lund assistant t secretary