The Making of America Volume N . 10

The Making of America Volume N . 10

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...$48 by 500 $24,000 36 by 600 21,600 24 by 400 9,600 12 by 500 6,000 Total dues $61,200 According to the books of the association the shares in the first series before the fourth year apportionment are worth $38.87; in the second series they are worth $25.27; in the third they are worth $12.32, with the shares in the fourth year undetermined. Determining these values of each share in the four series, the process is as follows: Dividing the $3,000 net profits of the fourth year by the $61,200 of aggregate dues for the whole period, the rate per cent of profit on these dues is 4.9019 for the year. With this rate established the rest is simple: Value Last each Profit. value. share $48 by.049019 $2.35 plus $38.87 plus $12 $53.22 36 by.049019 1.76 plus 25.27 plus 12 39.03 24 by.049019 1.18 plus 12.32 plus 12 25.50 12 by.049019 59 plus.... plus 12 12.59 When this calculation has been made with this sample piece of work, it is shown on the books that $2 remains still undivided profit, presumably for the reason that it would take more time to divide it than the $2 could be worth to any one. There are tens of thousands of home owners in the country who have owed their homes to the building and loan associations. These in many instances have not been naturally saving and careful. The example of some friend or friends in suburb or city neighborhood has stirred them to the possibilities of a home based upon a careful, systematic business principle, and in the exacting measures of an association of which the careless type is a full member the naturally delinquent nature has been roused. In a dozen ways the headless local building and loan association has been building not only cities but men. FRATERNAL INSURANCE IN THE UNITED STATES. BY B. H. more

Product details

  • Paperback | 188 pages
  • 189 x 246 x 10mm | 345g
  • United States
  • English
  • black & white illustrations
  • 1236797914
  • 9781236797919