BAIL WAY MANAGERS AND EMPLOYES. 779 



tercourse, or for reading and writing, and these rooms are well fur- 

 nished with the principal daily and monthly periodicals, as well as 

 with weightier matter. It is in contemplation to provide them at 

 other divisional stations. 



Like the relief features the savings-fund and building features are 

 operated under fixed laws by a board, the majority of whom are con- 

 tributing members, and are equally fostered and guaranteed by the 

 railroad company. 



Among the inducements offered by the savings feature are : 



Facilities to members and their wives, no matter how isolated their 

 location, to invest savings or to make temporary deposits in the fund ; 

 and they may make deposits in larger sums and with more frequency 

 than allowed by other savings-banks. 



Avoidance of loss of time and of trouble in reaching places for de- 

 positing and withdrawing money, depositories being located at inter- 

 vals along tbe line, averaging less than twenty miles. 



Allowance of interest, generally greater than, and always equaling, 

 that given by other savings-banks. 



Ability to draw checks against balances, as in other banks, wherever 

 on the line a depositor may be ; to obtain, in place of deposits, checks 

 of the Baltimore and Ohio Company negotiable anywhere, and to with- 

 draw deposits, wholly or in part, with accrued interest, with prompt- 

 ness and certainty, under the legally binding promise of the Baltimore 

 and Ohio Company. 



Participation in all profits earned by the operations of the fund 

 every permanent depositor being substantially a stockholder, without 

 liability or any of the legal responsibilities usually attaching thereto 

 and under the most favorable conditions for the economical, faithful, 

 and w r ise administration of the fund through the offer of the Baltimore 

 and Ohio Company of the services of its bonded and other officials, and 

 the designation of experienced, able, and conservative directors to in- 

 vest its moneys, and generally to manage its affairs. 



Under the building feature : Opportunity for every member of the 

 association, not only those who can provide collateral for loans, but 

 also those who have no real estate or other security to provide or to 

 improve homes for their families, by borrowing from the savings fund 

 at the uniform rate of six per cent interest, and upon the easiest terms 

 as regards repayment of principal, viz. : in monthly installments of one 

 dollar upon every hundred dollars borrowed, with the option to bor- 

 rowers of making larger repayments. 



Payment of interest, not upon the whole sum borrowed until all 

 the loan is repaid, but only the payment of six per cent per annum 

 upon so much thereof as, at the commencement of each year, remains 

 unpaid an advantage over most building societies. 



Certainty of securing valid titles and conveyancing, searching 

 records, recording deeds, etc., at minimum cost, through the employ- 



