Oakland Tribune from Oakland, California • Page 18

Oakland JUNE 30, 1929 AND LOAN PAGI Yearly Increase Shown in resources BUILDING ASSOCATION CjfcJN 1 KAL and on account of the method ct monthly reduction, this loaning system Is the safest form of In vestment yet devised. "The Central Building and Loan Association was established In 190 "Each yar has wltnetsea a tady increase In the resources ot the Central Building and Loan As-eiatlon since commencing busl-Jfcen 20 years ago," the company fflelal stated yesterday. "The association passed' th million dollar mark in 1924 amd for the past two years has increased its resources bout one million dollars each year, amounting today to more by Fred N. Delanoy, father Of the President of association, Jesse h. Delanoy.

The features of the founders are engraved above the entrce of the new horn of th association on Thirteenth street, which is to be formally opened Four of the tn direc $4,300,000, "Th major factors," continues the statement, fontrtbutlng to the safety of lnvesements in the Cen- tors Of the association were mem i it 7vmb ra u- bers Of the original board and th balanc have served ten years or more. Th present officers also hold official position with th Commercial National Bank ot Ala I 7 in 1 t- II ir -s- .1::: meda, and the directors ar uc- cessful established business rnen in the bay cities. tralSuliaihg and Loan Association ere: guarantee Capital stock stir-plus and undivided profits amounting to state supervision, conservative management based on many years of experience; real estate security for loans. "The funds of thie association re loaned ioielt on first mortgages en improved real estate, these loans being repaid on the monthly installment plan, each installment paying part principal and part interest, causing the security to become better each month. "From the very nature ot the loans made by this associajton, i mm.MVhimm.

i 1 111 Tin 1 1 hi 1 .1 1 si 1 mi ji una "Officers and directors of th Central Building and Loan Association include: Jesse L. Delanoy, president? Frederick Maurer, vie- president! J. B. vice-president; J. A.

Powell; M. (Staf ford: H. Rosenthal; E. A. Rand- .1 11 in 1 11 aztj lett; Herbert D.

Schultz; R. V. Powell; L. Pickersgill, secretary California League's Survey JIM "Wen Shows Where Money Spent 1 rJriTVfiiiMi mm iin 1 1. ff i 1 1 win rii 1 1' 1 1.

j. rn Hti'Bi in -1 ai im a housing of to many millions ot people. It 1 estimated that approximately en-half of th cost ot a horn goes out for labor of one tort or another. Therefore, more than a billion dollar went out last year! 1 i 1 1 1111 1 iiAyrt -J' il ji 11 nix irn i Kl. J.

I II il ill-bl I III I II mt.7iw. III If I 2- I to workmen or artisans who hav helped to construct these homes. The only way In which this could be done was through the building-loan method of financing whioh enables millions of people to own homes who would not be able to do so uhder anv other known meth Th publla 1 better acquainted with th Investment aid of lng and loan business than It Is with th manner lit which thesa institutions employ th accumulated funds. Tho wr TOO.fiOO hOms financed by 18,000 associations In th. United States during th past year, according to a survey of the California Building-Loan League.

These associations now have mors than 000, 000,000 loaned on. improved real estate representing the savings of members. This Is the declaration of officers th California Building Loan leagu. They add: Sine 1920 building-loan association thl country hav fi-nancid 8,796,000 homes, representing an expenditure of Xfhich provided housing for persona, th California Sulldlng-Loan League survey point out. But In addition there is more to be considered than mere od of financing.

The prosperity of the Country held up largely through the construction Industry, 60 per cent of which hag been In the residential field. Fully half of th homes la th tfnlted States are owned by men earning less than $2000 a year.Hhe league survey concludes. It is es timated that at least 90 per cent! of the Ptonle who buy homes do not pay for them outright, but! borrow from a building and loan association or from, some other similar financial Institution. Compound Interest Aid to Building I mxvn mc.i4 mriio i il ul II II IhiUJ If lUJ ilfiS ts ft ft i would amount In 12 years to tli 030. Almost anyone can spare $2(r per.

month toward a savings account. This amount through accu il mulation, and th power of compound interests build up th surprising total of. $5151 In twelv year a Twenty-live thousand A fenulha WAHL fountain pen dollars be produced in the same length of time by placing $100 per P5 will be given FREE to the first month with a building and loan Th power of compound Interest to build up a substantial savings account is best illustrated by the building and lpan associations In Oakland according to; Jessie L. ftelanojv president ot the Central Building Loan association. These institutions encourage only systematic eaving.

but tha.1. vestment ot Interest paid On such savings. Small deposits mad at th convenience of the investor grow at a rapid rat when the interest 1 permitted to be added to the principle. Delanoy also states: "Such a small sum as on dollar per month invested with an association with th aid ot 6 per cent Interest compounded semi-annually amounts in twelve years to $206. Five dollar invested under the same arrangement each month association and permitting the in the largest Building'Lpait Aooociatioti in Alameda County opens its new offices in at 369 Thirteenth Street Between Franklin terest to reinvested.

This sum would yield th Investor $1500 per year in interest at the clog of th period. "Fund Invested with a building and loan association ar always readily available. Should an In 1,000 SAVERS starting account of $10 or more In our new Oakland office. Com In and get one. will pay you 6 0,1 your Savings with liberal withdrawal privilege and guaranteed safety of your principal.

vestor find it necessary or deslr. able to cash In his savings he can always get his entire principle and interest earned." Building-Loan Certificates FOR the past twenty years since July, 1909 CENTRAL BUILDING AND LOAN ASSOCIATION throuch its iu. JP Conservative Investment Alameda Office, has afforded thousands of savers a dependable 6 By NEIL PAIRS, Secretary California Building A Loan Leag-ne. With th arrival of th July and loan: aesdciatji is protected by income with guaranteed safety and ready availability founds assured. There, too, CENTRAL has served the.

home builders of the community with economical loans for building, buying and refinancing purposes. state supervision. The assets of these Institution ar invested In th most stable security known, first Investment period the question gain arise as to how most profit- Jble to emflloy your surplus funds, lullding rlban certificate meet very test of conservative Invest- rnt, and If purchased befor July 0 will pay interest from July 1. Ten Oakland building and loan mortgages on improved real estat and Income are also guar anteed by the-capital stock and surplus of the association. Building loan Investments are legal for trust funds, funds of Insurance" com panles, guardians and trustee.

Associations are urging investors to tart saving bfore July 10 through these institutions. Building and loan Investment certificates provide an deal, safe way to increase th earn-nr newer of your surplus funds. They return per cent are tax 100 free in caiiiornia, ana are aiauauic In denominations to suit the neda both larg and small Investors. An investment with a building SAFETY 6 One of Every Ten Is first 1,000 investors who 6pen accounts, of 10 or more in our new office. 1 Increase the earning power of your surplus funds any amount from $1 to many thousands through a safe, conservative investment with CEN TRAL and enjoy 6 on your savings.

Safety ii guaranteed. Income is tax-free and dependable. Values never change. Your funds are where you can get them 100 cents on the dollar when7 vou need them, 70 AND NOW, to offer these same services to a wider circle of East Bay investors and borrowers CENTRAL BUILDING AND LOAN ASSOCIA-TION is opening a new office in its own building at 369 Thirteenth Street, OAKLAND, between Franklin and Webster, where we will welcome you on and after Monday, July First. May we invite you to start an account with us tomorrow? Interest wilt be paid from July First on all money placed with us before July 10th.

And we are giving a genuine Wahl fountain pen free to the Building-Loan Saver The following li a statement, oy the California uuimmg On out of very ten persona In this county la now an Investor In a building and loan association, institution ar filling a r.lo tVia financial Htrue IIBGUOU fcicmw ture of our county and ar annually making hundred ot thou- VinwiA nwnArs hv furnish INCOME CALIFORNIA GUARANTEE offen 100 safety for your savings. Conservative management, state supervision, guarantee capital and surplus, and stockholders' liability give combined assurance of this protection. Your money earns an unfailing 6 Income compounded quarterly. and is, of course, available when you need it. Complete fads without obligation ing them with necessary funds tor tne accorapimumui who a mnmt imtor- UUipUDO.

4HVJ tant factor In th growth and pros- i Drlty or every cpraraumi; T. ,1 ri matin ItA Come In Tomorrow! become etui mor powerful and to Central Building and Loan: render a sun greowr years to come. Building and loan associations being safely and conservatively managed, provid reasonable terms for loans to their borrowers and giv to thir investors a greater rturn on thlr avtng than they could with afety secure from any other eource. Thl Is th real secret of thair great tuccees and marvelou growth. Building, Loan Group In State Since 186S The following Is a statement by th California A Building Loan league: Building and loan associations have been In operation In th United State since 1831 and In California since 1865.

They have set un a record for safety and sta ffm 9 I fV 5 Association 369 Thirteenth Street (between franklin and Webster) OAKLAND, CALIFORNIA Alameda Office Park Street at Central Arenue Resources More Than 4,000,000 bility unapproachd by any othr typ ox financial institution. California associations take great pride in th fact that no holdr of vestment- securities of any Call-, fornla Building and Loan association ha verlot a dollar of hi lnvitmnU 1706 Franklin St, Telephone LA-0180 VXSES ITATX BUTEftYHIOV ft IT-.