Thank you for visiting SNEWPapers!
Sign up free
Story
March 6, 1891
The Wilmington Daily Republican
Wilmington, New Castle County, Delaware
What is this article about?
The Excelsior Loan Association held its monthly meeting in the Hawkins building, reporting $1,000 receipts divided for certificate redemption, auction sale at 8% premium, and rotating shareholders. A committee was appointed to consider merging with the Equitable. Annual meeting set for October 24.
Clipping
OCR Quality
98%
Excellent
Full Text
Excelsior Loan Association.
The regular monthly meeting of the Excelsior Loan Association was held last night in the Hawkins building. This loan has been well managed and the gains have been steady, but not large, as money has not commanded the high premiums that were paid some years ago. Last night the receipts from various sources were $1,000. This sum was divided into three parts, $500 for the redemption of certificates, $500 to sell to the highest bidder and $500 to pay to rotating shareholders. Chairman John P. Springer, acting as auctioneer, knocked down the $500 offered for sale at a premium of 8 per cent. Some years ago premiums were paid of 20 to 25 per cent. A suggestion was made that the association should merge with the Equitable, and a committee consisting of the president, secretary and treasurer was appointed to consider the matter. The annual meeting will be held on Tuesday evening, the 24th inst.
The regular monthly meeting of the Excelsior Loan Association was held last night in the Hawkins building. This loan has been well managed and the gains have been steady, but not large, as money has not commanded the high premiums that were paid some years ago. Last night the receipts from various sources were $1,000. This sum was divided into three parts, $500 for the redemption of certificates, $500 to sell to the highest bidder and $500 to pay to rotating shareholders. Chairman John P. Springer, acting as auctioneer, knocked down the $500 offered for sale at a premium of 8 per cent. Some years ago premiums were paid of 20 to 25 per cent. A suggestion was made that the association should merge with the Equitable, and a committee consisting of the president, secretary and treasurer was appointed to consider the matter. The annual meeting will be held on Tuesday evening, the 24th inst.
What sub-type of article is it?
Historical Event
What themes does it cover?
Social Manners
What keywords are associated?
Loan Association
Monthly Meeting
Premium Auction
Merger Suggestion
Financial Gains
What entities or persons were involved?
John P. Springer
Where did it happen?
Hawkins Building
Story Details
Key Persons
John P. Springer
Location
Hawkins Building
Event Date
Last Night; Annual Meeting On Tuesday Evening, The 24th Inst.
Story Details
Monthly meeting of Excelsior Loan Association with $1,000 receipts divided equally for redemptions, auction at 8% premium, and shareholder payments. Suggestion to merge with Equitable; committee appointed. Premiums lower than years ago.