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Mail Tribune 100, July 16, 1922 By Alissa Corman Jul 16, 2022 12:00 AM A A News from 100 years ago The following news items were drawn from the archives of the Mail Tribune 100 years ago July 16, 1922 SPLENDID RECORD JACKSON COUNTY BUILDING & LOAN Declares Four Percent Semi-Annual Dividend—Increase of Assets Past Six Months $28,630.52—is Splendidly Managed On another page you will find the semi-annual statement of the Jackson County Building and Loan association. The past six months shows greater growth than any previous sic months. The past year’s business surpasses by far any previous year. Its records show it has increased in total asses at the rate of nearly $1100 per week. Besides declaring a 4 percent dividend for the six months, it has increased its surplus fund, making a total of $7615 in that fund. The object of aim of this association is to help people in moderate circumstances to save a definite amount monthly and to aid worthy people by loans, to own their own homes, to provide an absolutely safe place to invest your money and receive a higher rate of interest than elsewhere. Its safety and reliability is not question by our most conservative citizens, being under the direct supervision of the Corporation Department of the sate of Oregon and subject to that department’s rigid examinations. The Jackson County Building and Loan association is a splendid institution and deserves the support of our citizens. Every cent placed with it is kept in Medford and immediately put to work helping some family get a home of its own. The overhead expenses is very small, which enables it to pay dividends that amount to 8 percent annually, which do not have to be accounted for by the investors when making up their income tax report as dividends declared on building and loan association stock is entirely exempt for the next five years. Business and professional men in Medford should own some of its paid up stock and employees should be putting away some definite amount monthly in its savings, installment stock. — Alissa Corman; [email protected]