[Modern Economic Problems by Frank Albert Fetter]@TWC D-Link book
Modern Economic Problems

CHAPTER 11
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#The distribution of earnings.# Every six months is ascertained the amount of the gross earnings which, under this plan, consist almost entirely of interest paid on loans.

From this amount are deducted expenses (and in some states 5 per cent of the total is placed in a "loss fund" to meet possible losses) and the rest is divided in proportion to the amount standing to the credit of each member, being credited to the account of running stock and paid in cash to holders of paid-up stock.
The payment of dues is correspondingly simple.

The dues at twenty-five cents a week amount to $13 a year per share of $100.

This is the whole bill; there are no extras.

The interest at 6 per cent (the usual rate) is $6, and the rest, $7, is credited upon the stock.


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