1893 - State Library Information Center

CO-OPERATIVE BUILDING AND LOAN ASSOCIATIONS. 179Fiddsboro Mutual—Th* following is the final statement of thisterminating association, dated December 17th, 1892, or threemonths after the close of the eleventh year. It began operationsin October, 1881, and matured its 155 shares outstanding at$286 in 135 years, or $65.86 profit:RECEIPTS.Balance at last report $647 92Dues, interest and fines 777 84Loan returned200COReal estate 400 00$2,025 76DISBURSEMENTS,Loans $842 82Secretary's salary 12 00Treasurer's salary 5 00Rent 3 75Printing 2 75Real estate 5 00Balance 1,154 44ASSETS.$2,025 76Loan? $29,667 02Duefrorr shareholder? 311 95Cash balance •. 1,154 44$31,133 41155 shares sealed at $286 $31,133 30Undivided surplup • 11$31,133 41Woodbury, Real Estate.—Prompt payment on short notice alwayshas been accorded those who desire to withdraw, at a fair rateof profit in interest, while those holding stock to maturity havelikewise been promptly paid, at a better rate. The eleventh seriesmatured on 141 months' payments, which produced to the investorsan average rate of interest in profits of a little over 7 percent.The association always has recognized the fact that the borrowersfurnish the life-blood for its business, and therefore hasalways endeavored to treat this class of stockholders with greatconsideration, by aftording them liberal inducements to build andborrow, in paying a proportion of taxes on their properties, and