4 V; 137! JJu \ \\\'\‘ '\\u- I“ ‘9‘ 3 ’3 . ,- , , V ' 1: «x ‘ ‘5 x ' V \ w . J ‘ “ Y KKK». H ‘ ..\ ,_ nil}! “15% JJJ E n van l 1 . SOME PICTURES OF HOMES & SOME PLAIN FACTS, TOLD IN A TALKATIVE WAY, ABOUT OWNING YOUR HOME AND FOUNDING A SAVINGS AC- COUNT, AS WRITTEN BY FREMONT WOOD AND PUB- LISHED BY $5 Eb Q°flQ°fl THE CITIZENS’ BUILDING 6c LOAN ASSOCIATION, WHOSE OF- F ICE IS AT 405 PINE STREET JUST WEST OF MONTGOMERY, SAN FRANCISCO, CALIFORNIA MARCH 1910 THE HOME DEFINED ‘19 ‘8 The father’s kingdom, the children’s paradise, the mother’s world. *9 ‘8 The coziest, kindliest, Jweetest place in all the world, the scene of our purest joyJ and deepest sorrows. ‘3 ‘2’ An arbor which shades when the sunshine of pros- perity becomes too dazzling; a harbor where the human bark finds shelter in the time of adversity. 4 C7TIZENS’ B. & L. ASSN. ELEVATION, BUNGALO\V “A” Bungalow “A.” This appeals to your artistic taste, doesn’t it? Well, it is not only a beautiful, but a low- priced home. The porch seems to extend a welcome hand and a cheerful invitation to “sit ye down and bide a wee.” There is a distinctiveness about the wide-ledged balush trade with the home-made flower boxes, the brace brackets above, and number plate hung on heavy black chains. The siding is rough, stained a dark brown, and the trimmings are light. The chimney is of clinker brick set in black mortar. The living and dining room, 17x19, is connected with the kitchen by a recess, across the rear of which is a cab- CITIZENS’ B. & L. ASSN. 5 inet built in under a window, to be used as a china closet. At the side of the klinker brick mantel is a book case, with leaded glass doors. The kitchen is so arranged that a small family could use it for dining purposes. The two bed rooms are of good size, have closets and both rooms connect with the bath room. I J SCREEN 549x7—6 KITCHEN BED ROD/“L 12-01120. ’2‘°“‘1O FLOOR PLAN FLOOR PLAN, BUNGALO\’ “A” 6 CITIZENS’ B. & L. ASSN. “vvwvwfl'u‘ v 1-,, x m. V re ELEVATION, BUNGAIA )\\' ‘8” Bungalow “B” we have chosen as our suggestion for a home, for the following reasons: It is pretty. It is simple of outline. In essentials of comfort, and conven— ient arrangement of space, it is not surpassed by many a more pretentious house. It is also capable of enlarge- ment or curtailing of expense of construction, to suit almost any purse. The “den,” off the living room, will appeal to the man of the house. There are beamed ceil- ings, paneled wainscots, etc., not shown in the illustration. The conveniences of kitchen cupboards, clothes closets, bath, screen porch, etc., speak for themselves. CITIZENS’ B. & L. ASSN. 51:13 R°°M 12€ )1}. 9' CL“: / BED E°°M 125-121; I LIV] HQ- Enom 14-07810" DEN 307-: no 0’ Ii PGEc/H 80' h J o'- o" E!- I A HMW ”00R PLAN, BL‘NGALOW “B” 8 CITIZENS’ B. & L. ASSN. ELEVATU )N, BL'XGAL()\V “C" And now we come to Bungalow “C.” It is difficult to conceive of all the comforts of this pretty home from the picture. You see the heavy cobblestone balustrade and chimney, and cement floor. These bespeak coolness in summer. But you can hardly note the pergola effect which allows the sunlight of winter which is so desirable. Entrance is through a small hall, which has a wide seat under a row of small casement windows. From this room you enter the living room through a columned open- ing. This room has a corner stone mantel. The cornice beam is the only finish at the ceiling line. The dining CITIZENS’ B. & L. ASSN. 9 room has a large sideboard divided by a door to the kitchen. You will note the convenience of the breakfast room; being near the kitchen, having access to both hall and screen porch, and by slide windows to a cupboard in the kitchen. l-I ‘ sures-1 .5 EQEAKFAt‘TKr“ be Rot M k ach-) 00x 9~O IZ'GXIZ'O CLOEET n I § m, (P EC} ROOM ~- :z-o [:1 Luvwc $200M w-ouro FLOOR PLA/‘I FLOOR PLAN, BL'N(}AL()\' “C” 10 CITIZENS’ B. & L. ASSN. ELEVATION, BL'NGAIA )\\' “1)" Bungalow “D” we have chosen for its adaptability to a narrow lot, while still maintaining a broad effect across the front. The porch is set in on the corner of the build— ing with French windows opening thereon, from the din- ing room. The living room is long. It has a brick mantel, be- tween deep window ledges. Under small casement win- dows are hinged seats. The dining room has a combina- tion china cabinet and buffet under the windows. The kitchen has a ventilated alcove for the stove. CITIZENS’ B. & L. ASSN. 11 rr——i»47 1' I )flob ECREEH F’ a e. .v 5 BEDROOM I. 'I-Q I :1 O .‘C r W 55".ch ”A” ‘ a E\ ”W- , > k\ . _1A 4 \ LIx/INC: FCCM FCCCH [I'Civnc z-L».:.¢ "§\;‘;¢~*A::fi/' ; *‘l ‘ FLOQKZ PL/«F‘I ‘ -. fig FLOOR PLAN, BL'NGALOVV “D” 12 CITIZENS’ B. & L. ASSN. /“ *' =3 I ELEVATION, BUNGALOV' “E" Our final pictured Bungalow, “E,” has the advantage of readily being made into a five or six room house. A pleasing feature of this structure is the heavy columns and wide arch over the front porch. Plate glass windows with leaded light transoms, add class to its general artistic appearance. The floor of the porch and the steps are of cement. We give no floor plans of this building, but it is finished attractively with mantels, window seats, side— board, book cases. beamed ceiling, and paneled wainscot, making it a characteristic California Bungalow, than which no country can boast superiority of design ands-v general attractiveness. CITIZENS’ B. & L. ASSN. 13 A Book of Verses underneath the Bough, A Jug of Wine, a Loaf of Bread -and Thou Beside me singing in the Wilderness ~” All this might be “paradise enow” for that rotund, bulgy-browed, bacchanal laureate, Omar Khayyém. But your modern youth, who has laughter in his eyes, health’s glow on his cheek, and red corpuscles rioting in his veins, will rest satisfied of little less than a pretty four or five room cottage, in which to domicile the idol of his affection. The man is to be pitied, indeed, who sometime in his youth, has not pictured some sort of Elysium in a home all his own, surrounded by loving wife and prattling chil- dren. Socrates was once asked by a pupil: “What kind of people shall we be when we reach Elysium?” And the answer was: “We will be the same kind of people we were here.” You will be about the same kind of man tomorrow that you are today. The kind of man you will be next month depends on the kind of man that you have been this month. You have been a rent-paying man the past. year. Can you break the shackles of doubt and fear of aspiring, and this year join the ranks of home-owners? A home, as the Germans aptly put it: “Klein, aber mein !”—Small, but mine. ’ If you aspire to such a comfort, the following pages will open the door to your ambition. 14 CITIZENS’ B. & L. ASSN. DO YOU PAY RENT? F THIS question has attracted your \ attention, it is safe to conclude that 4 cu belon to the vast horde who a 6 (if 00%,; y g p y (0%} $ rent. Not because you take pleasure Kwpf in it, but because you can see no prac- §\°°o§7fip(: W tical escape from it. There IS a way, @\\\@fi/fi\ an easy way of escape. ‘ A A We will not consume time and space arguing the advantages of home-ownership. As a long-suffering tenant of a mercenary landlord, you will doubtless concede that point. Let us consider the way out of your difficulty. First let us “take stock,” as the merchant says. What are your assets? How much have you saved and put aside during your youth or early married life? Nothing! You could not save a cent? Then isn’t there something wrong? Couldn’t you if you had tried? Others less fortunate than you have done well. Why not you? Why not begin now? Don’t let another day go by without starting an account with this Association. Dispense with some of your foolish, needless expenses, and take all the shares you can. The shares are a dollar each, payable monthly. If you can’t take 20 shares, take 15, or 10, or even 5, any number, but TAKE them. Ten shares means the saving of $120 a year. To your sav- ings the Association adds from five to seven per cent earnings, compounding quarterly. Once started, you will CITIZENS’ B. & L. ASSN. 15 be surprised how easy it is to save, and how rapidly your savings grow and expand. But, you inquire, what has all this got to do with acquiring a home and stopping the payment of rent? This! It is impossible for you to buy'a lot and build a house or purchase a lot and completed house, unless you have 30 or 40 per cent of their cost in cash. Let us put it in another way. You know where you can get a fine building lot for $900. You have talked with a carpenter and builder and he has agreed to build you just such a cozy, little cottage as your wife wants, for $1,400. Thus the total security you would have to offer for a loan, when the house was completed would be: Lot, $900; house, $1,400; total $2,300. The Citizens’ Building and Loan Association could loan you 60 per cent or say, $1,400 (cost of the house), but you would have to have, of your own money, 40 per cent or $900 (cost of the lot). This same ratio, of course, holds good in all loans of a larger or smaller amount. What would be the payment per month? We were coming to that. For the sake of sequence, let us follow the $1,400 loan proposition. A loan of that size would cost you, principal and interest, $17.70 per month. This amount we positively guarantee will pay all the interest on the money you have borrOwed and repay your entire debt in 114 monthly payments (91/2 years). Get this fixed in your mind. You pay interest on the net balance you owe month by month. 16 ' CITIZENS’ B. & L. ASSN. You start with a loan of $1,400; monthly payment $17.70. First month’s interest payment, $9.35, principal payment, $8.35; total, $17.70, balance owing, $1,391.65. Second month, interest, $9.30; principal, $8.40; total, $17.70; balance owing, $1,383.25. Third month, interest, $9.20; principal payment, $8.50; total, $17.70 ; balance owing, $1,374.75. Fourth payment, interest, $9.15; prin- cipal, $8.55; total, $17.70; balance owing, $1,366.20. Thus you see at a glance, the interest payment decreases each month as you owe less, and the principal payment cor- respondingly increases, paying off month by month more of your indebtedness, but the total payment remaining the same. “But,” you ask, “supposing I have a chance to sell?” We provide for that also. Your purchaser can take the loan off your hands, you simply deeding the property to him with a loan On it. “Suppose,” as sometimes hap- pens, “he has the cash and does not want the loan?” Then, in that event, we charge you one month’s extra interest, and $1.00 notary fee for releasing the loan. Again, you say, you do not expect to take the full nine and one-half years to pay back your loan. You feel sure you can save up $50 or $100 aside from your monthly payments. Will we permit you to pay it on account of your principal? Yes, certainly. Each $100 thus paid CITIZENS’ B. & L. ASSN. 17 stops the interest thereon—cuts 65 cents off of your monthly payment. Such amounts paid to us are placed to your credit and stand as so much paid OR of your loan, or if you wish can be drawn out again any time you desire. We have not touched on your particular case yet, you say. You have a lot worth $1,300 all paid for. You want to erect a $2,000 house. Can we aid you? Yes, we can loan you the required $2,000 at a monthly payment, principal and interest, of $25.25. Just like rent, with the exception that you are paying rent to yourself, not to a calculating landlord. Not your case yet? In your case you have $1,600 in cash and you desire to purchase a house and lot that you have your heart set upon and one that a real estate agent tells you is a “snap” at $4,000. Well, we can help you in this case, also. We can loan you the $2,400, the balance of the purchase price. You then pay us $30.30 per month —no more, possibly less, than the same‘house would cost you in rent. @f§@@¥9%@3 18 CITIZENS’ B. & L. ASSN. If opportunity should knock at your door, to-day, are you prepared to welcome it? @XNQZfigfiYQW HAVE YOU A SAVINGS ACCOUNT? HE money received by this Associa- tion, monthly, from its members, is loaned again on first mortgages to aid those so desiring to acquire homes. Each application for a loan is care- fully considered and the property offered as security appraised by a committee chosen from our Board of Directors. As evidence of the care with which this work has been accomplished, it may be stated that we do not own any real estate, and have no foreclosures of loans. Thus, as an investment, your money placed with us is as safe, if not safer, than if deposited with a bank, for the reason that no loans are ever made by us on other security than real estate and on first mortgage or deed of trust. It does not require a large sum of money down to invest in our Association. Our shares are issued in quar- terly series: March, June, September and December, of each year. You decide how many dollars you can set aside from your earnings each month, and as the shares are $1.00 apiece, you can take one to twenty-five shares CITIZENS’ B. & L. ASSN. 19 in a series, just as you desire. Then we issue a certificate of stock in your name, payable to you. You also receive a pass-book, in which all payments made by you are entered. On the first Tuesday of the months mentioned above, you make your first payment, and on the first Tuesday of each succeeding month you make another payment, equal to the number of shares you own. You can withdraw at any time the amount you have paid in, together with the profits or interest credited thereon. If you desire to continue your investment to the point of greatest profit to you, you go on making your monthly payments until the amount you have paid, together with the earnings added by us, aggregate $200 per share, when your stock is matured and the whole amount payable to you. Thus five shares gives you a return of $1,000; ten shares, $2,000, and so on. In this Association the earnings for the past five years have been better than 7 per cent per annum net, compounded quarterly. Our dividends are added to our member’s investment every three months. After the expenses for conducting the business for the quarter are deducted, the balance of our earnings or profits is di- vided, share and share alike, among all the Association’s 20 CITIZENS’ B. & L. ASSN. members, not among a few favored stockholders, as in a savings bank. Sometime in the life of every man, opportunity offers a profitable investment. If “Opportunity” should knock at your door today, are you prepared to welcome it? Why not start a savings account now, and take advantage of your chance when it comes, instead of having to stand aside and let the other fellow get it? Why not take the determined stand today, that you will save a certain amount from your monthly earnings and subscribe for a number of shares in this Association? Take the number of shares you feel you can carry. Set this amount aside as you would your monthly rent and don’t let anything prevent your keeping the payments up. You will be gratified at the results, and surprised at the ease with which you can meet the payments. There is no better plan yet devised for the wage-earner than this regular, systematic, monthly saving, none greater as to sure profits and none hedged about with more certain precau- tions as to safety. It is shown by conservative statistics that SIX HUN- DRED MILLIONS OF DOLLARS, savings of the peo- ple of the United States, are invested in stock of Building and Loan Associations. CITIZENS’ B. & L. ASSN. 21 The Citizens’ Building and Loan Association was organized and is managed by home people. It is char- tered under the State law and is under supervision of State authorities. WXQZKQYQW The best recommendation a man can have, is, he owns his home. ‘3 ‘3 ‘29 WHY BE A RENT—PAYER ALWAYS? g0???— EVERItL.. years ago, all loans made (2 w by buildlng and loan assoc1ations de- fla QOOg pended, for the length of time they 2&255933‘6" ran, on the maturity of the shares §%%P§\fi pledged in a loan. These payments ”N o W a ainst shares, interest and “ re- bkgagfi M] mgium” (another name for interist) had to be kept up until the shares reached par value, no matter how long a time it took. Bad loans, depreciated values on acquired real estate, in some cases losses, and decreased profit earning power, carried the maturity of the stock and the consequent extinction of the loan, from an estimated period of ten years, to eleven, twelve and even fourteen years. This indefiniteness of time created 22 CITIZENS’ B. & L. ASSN. wide-spread dissatisfaction and naturally led to plans of lessening the cost to borrowers and fixing the period in which a loan would pay out, or reach maturity. The Citizens’ Building and Loan Association, with an eye to the interest of its members, adopted in the year 1900 the plan known as the “Definite Contract.” This. plan corrected all the faults of the old. All of our loans, now amounting to over a HALF MILLION DOLLARS, are under this plan, and if there is a dissatisfied borrower among them all, we have yet to hear of it. By this Definite Contract plan, the borrower repays his loan, be it $500 or $5,000, in a guaranteed, definite time, and in a regular monthly payment fixed as to amount, equal to or of less amount than he would pay in rent. When you own your home under this plan, you alter or repair it as you wish. The trees you plant and the flowers you cultivate with such care and pride are yours. No landlord to consult about it, or to ultimately enjoy the benefit of your thought and labor. As a tenant you can never hope for any future benefit or profit from your outlay in rent. You have a temporary shelter, it is true, but have you, strictly speaking, a HOME? Did you ever have that haunting fear of a raise in rent, Mr. Rentpayer? No raise in rent or increase in amount of monthly payment under our Definite Contract CITIZENS’ B. & L. ASSN. 23 plan. No house—hunting or its attendant annoyances. No dreaded day when the mortgage falls due. While paying rent you pay for a home every eight or nine years, but you never get the deed. The landlord still owns the property. This Association was not organized to make big profits for a few individuals comprising a trust, but to aid YOU in acquiring a home as it has thousands of other self-respecting citizens. The man who waits for the day he will have the cash in hand to buy a home outright, will probably always be a rent—payer. The demands of the landlord will, pos- sibly. keep him forever poor. The best recommendation that a man can have is that he owns his home. The man with property is the one that will hold his position, when his employer finds that along the lines of economy it will be necessary to let some of his employes go, or to temporarily lay them 0H. Think the matter over carefully, earnestly—be honest with yourself—and then call on our Secretary for further particulars. KNQXKCEQfiH The Citizenw’ Building and Loan Association is the open door to home-ownership. “To live now and here, up to our highest and best, is the acme of wisdom.”— Plato. HOME: .19 world of strife shut out, a world of love shut in. 26 CITIZENS’ B. & L. ASSN. A SUGGESTION FOR DINING ROOM ARRANGEMENT CITIZENS’ B. & L. ASSN. 27 PRETTY DINING ROOM EFFECT -28 CITIZENS’ B. & L. ASSN. YOU MAY WANT TO KNOW xx ~29 s8 We have no agents. We pay no commissions. We charge no premiums. The costs incident to the making of a loan with the Citizens’ Association are as cheap as those of any bank. The monthly interest on your loan is charged on the balance of principal unpaid on the first of each month. After the interest is deducted from your monthly payment on a loan, the balance of said monthly payment is credited against the unpaid principal. Under our Definite Contract, YOUR loan stands dis- tinctly by itself. Your individual efforts to get out of debt, redound to your individual good. You are helping no less-fortunate borrower; you are hindering none. When you are building your house, you pay interest only on such sums of your loan as you use to advance the improvements. YOur full monthly payment does not be- gin until after the house is completed. “Lump” sums can be paid against the principal of a loan at any time, on which payment, interest is allowed CITIZENS’ B. & L. ASSN. 29 at the same rate as you pay on your loan. These amounts are treated like deposits in a savings bank and can be drawn out again when desired. We do not claim that our system of monthly, savings is unique, but we do say, that if there is any better plan, or one hedged about with greater precautions for safety of investment, we have yet to learn of it. A monthly savings of $5.00 gives you $1000 in about eleven years. You can terminate your savings at any time, getting back all you have paid in With a better rate of interest thereon, than allowed by any savings bank. CITIZENS’ B. & L. ASSN. 31 Organized January 14th, 1885 Many happy homes founded through its aid to home- owning. Many a business man launched upon a successful career by its system of monthly savings and earnings. BOARD OF DIRECTORS DEWEY COFFIN . . . . . . Real Estate MILTON S. EISNER . . . . Attorney-at-Law OLIVER ELLSWORTH . . . Attorney-at-Law THOMAS M. GARDINER . . . . . . . Treasurer Fireman’s Fund Ins. Co. GEO. T. MARSH . . . Japanese Art Repository GEO. M. MITCHELL . . Geo. M. Mitchell Co. WILLIAM J. NEWMAN . Newman & Levinson B. E. REMMEL . . . . . . . Architect FREMONT WOOD . . Secretary C. B. & L. A. Thos. M. Gardiner, President Geo. T. Marsh, Vice-President Fremont Wood, Secretary Fred W. Schaer, Assistant Secretary J. B. Reinstein, Attorney Canadian Bank of Commerce, Treasurer and Depository CITIZENS’ BUILDING AND LOAN ASSOCIATION 405 Pine St. (West of Montgomery) San Francisco 123‘ I V434 .anwqu . ,