Sturgis, Russell, 1836-1909 · New York : C. Scribner's Sons · leaf 208
he same principle, which may be thus described : The par value of shares is usually $200, $300, or $500, the most popular amount being $300 or $500. The monthly dues on the $200 shares are $1 per share, while on the others they are $2. An unusual feature is that there is a fixed premium de- manded… … Row of Houses in Reading, Pa., built by Building and Loan Associations. is generally so brisk that the premiums are run up to $5 a share above the fixed amount. After that, a borrower can generally get accommo- dation at the fixed rate, upon good security. The regular interest rate is six per cent.…
Architecture, Domestic
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