. Baltimore and Ohio employees magazine . HOME OF ENGINEER H. L. , IND. monthly payments include the interestcharges. The rate of interest charged is six percent, per annum, but interest is onlycharged on the balance remaining after THE BALTIMORE AND OHIO EMPLOYES .\L\GAZINE 45 any payment, whether monthly or other-wise. To pay off a loan requires eighty-twomonths at the rate; one hundredand three months at the rate; orone hundred and thirty-nine months at. HOME OF W. E. SHANNON, TRANSFER AGl-BRUNSWICK, MD. the rate, provided that there areno other charges a
. Baltimore and Ohio employees magazine . HOME OF ENGINEER H. L. , IND. monthly payments include the interestcharges. The rate of interest charged is six percent, per annum, but interest is onlycharged on the balance remaining after THE BALTIMORE AND OHIO EMPLOYES .\L\GAZINE 45 any payment, whether monthly or other-wise. To pay off a loan requires eighty-twomonths at the rate; one hundredand three months at the rate; orone hundred and thirty-nine months at. HOME OF W. E. SHANNON, TRANSFER AGl-BRUNSWICK, MD. the rate, provided that there areno other charges against the borrowersaccount and that he pays each instalmentwhen it becomes due. By othercharges is meant when the bor-rower is required to carry addi-tional insurance under the naturaldeath benefit; the contributionstherefor are not deducted fromthe borrowers wages, but areadvanced by the Savings Featureand charged to the loan is also found necessary at timesto advance recording fees, fireinsurance premiums, taxes, etc.,and all such items are charged tothe loan. If a borrower leaves the servicehe may continue his monthlypayments in cash through somebonded agent of the Company,or by direct remittance to thetreasurer of the Company. Borrowers are not limited tothe monthly repayments, but canmake special {)ayments at any time, orcan increase the rate of payment on therolls whenever desired. A loan can be paid in full at any time,but for this privilege a bonus is charged
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Keywords: ., bookcentury1900, bookdecade1910, booksubjectbaltimo, bookyear1912
