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Show : SPLENDID EXCOSJD. wetern Loan's Excellent Showin;. Ptockholders and the public" generally will be interested In ascertaining the exact condition of the Western Loan 4k 'Savings company of this city. F. H. Ray, assistant State examiner for Montana, haa, after a thorough examination of .the company's books, pronounced it to be in moat excellent condition. His report, giVen to P. W. Madsen, president of the Institution, la as follows: , To Whom It May Concern: ; Helena, Mont. Jan. 12, 1908. In Decern. ler, 1905, a careful examination - of the Western Loan Sc Savings company of Salt Lake City. Utah, was made by myself and assistant. In which we ascertained by actual inspection, the assets, liabilities and management. The company was found solvent. In excellent financial condition, and the business is well managed for the beat interests of its stockholders. ..(Signed) - F.H.RAY, i Asst. State Examiner of Montana. As a further evidence of the healthful condition of the company the following comparison of the business ending December De-cember 31, 1903 and 1906, will prove Interesting Inter-esting reading: , , I -,-' ,- i BesoorcM. " V' ; : . ' 'I - ' " :' MOB.'- '' 1901 Cash on hand 1477.31 1 1L414.14 Loans and Real EsUte - Oat Mort.) 513,727.78 4fl!L2.76 Loans and General . ' Stock . 14.J21J7, $,801.00 Sundry Accounts Receivable Re-ceivable i826.$3 n.00 Ina and Taxes, advanced ad-vanced for borrowers. 1,083.94 686.0$ Advanced Coats and . Expenses In . Fore- ' v : ' -closures .... 1,926.28 8.774.75 Real Estate $1,232.63 - 23.780.48 Furniture and Fix- - ' tures discounted 606.08 , "u. " r " ' $578,894.44 $447,324.26 , ; Liabilltleg. Permanent Reserve " Fund Capital Stock.. .$ 87,600.00 $ 87J500.0O General Fund Stock.... 9,400.00 4,466.40 Installments Paid on Stock ...... 809,510.6$ 307. 426. 90 Paid up Stock .22.100.00 12.100.00 Loan Fund Deben- ' tures 11.800.00 Savings Deposits, "8" Stock 24,69143 16,264.26 Sundry Accounts Pay- able 438.18 J0T.16 Partial Payment ........ 80,961.24 ' Uadlvlded Profits ....... 82.68.07 19,370.45 - ' ' - $447,834.26 MAD8EN. President. H. M. n. LUND. Ass t BecreUry. |