Farmer's Mutual Bank

Juniper Onyx · Post by **Juniper Onyx** » Mon Oct 09, 2006 7:30 am

Farmer’s Mutual Bank
#2, Main Street
Greenbriar, Briar County

Farmer’s Mutual is here to provide you with a special service. Quality Banking is why we are here. You are our biggest priority. Our services extend to Conversions, Loans, Deposits, Mainland Market Speculation and now Farm Subsidies.

Exchange Rate:
Gold Ingot (1) = 1.25 Silver Pieces = 125 Copper Pieces
Silver Piece (1) = 100 Copper Pieces

Municipal Bonds available:
Hamlet of Greenbriar (20 Bonds): 10 Silvers each, repayment in 12 months at 20% Interest. Collateral: Lien against real property described as “Town Hall, #1 Main Street, Greenbriar” enforced by Hamlet of Greenbriar.
Money raised to benefit future building projects.

Mainland Markets (In Silver Pieces): As of 1 Elos, year 20
Foods: 5.31 sp (down .11)
Livestock: 11.68 sp (up .45)
Raw Resources: 23.03 sp (up .67)
Manufactured Goods: 34.86 sp (up .34)
Luxury Items: 58.39 sp (down .59)

Bank Policies:
§1. Conversions:
The cost of conversions:
Gold Ingots to Silver or Copper: 15%
Silver to Copper: 7%
Copper to Silver: 10%

§2. Deposits:
Privacy will be maintained on deposit and account amounts, however all account members will be listed according to level.
All deposits must be given and recorded by the Underwriter.

§3. Withdrawals:
All withdrawals must be made at the Bank (address above), by appointment only. Arrange by Dove.

§4. Account Levels and benefits:
Member Account: (Total deposit is under 2500 coppers)
Interest gain of 1% each month ((8 RL days))
5% Interest loans

Copper member Account: (Total deposit is more than 2500 coppers, but under 7500 coppers)
Interest gain of 1% each month ((8 RL days))
Conversion costs reduced by 5%
4% Interest loans

Silver member Account: (Total deposit is more than 7500 coppers, but under 15000 coppers)
Interest gain of 2% each month ((8 RL days))
Conversion costs free
3% Interest loans

Gold member Account: (Total deposit is more than 15000 coppers)
Interest Gain of 2% each month ((8 RL days))
Conversion costs free
2% Interest Loans
Market Buy/Sell costs 1%

§5. Loans
Policy: Collateral must be presented for a loan to be approved.
Types of acceptable collateral:
Lien against Property and/or Building, and recorded with the local Government
Personal property/resources valued at amount borrowed

Repayment:
Loan repayment schedule is arranged on an individual basis, but not exceeding 12 months.

Loan Default:
Collateral is seized, and banking priviledges suspended.

Rates: % Interest is assessed monthly on unpaid balance.
Non-members: 10% Interest loans
Members: depending on Account Level

§6. Stocks, Bonds and Commodities:
Any Town may offer Municipal Bonds to the bank to be sold to potential investors. The town receives investment money, with a promise to repay their debt through taxation or other collateral. The investors receive the interest rate offered by the bonds.

§7. Market Speculation:
This is where we differ from other “Banks”. Here at Farmer’s Mutual, we offer investors the opportunity to speculate on the price of commodities from Gobiath commonly traded in the Markets of the Mainland.
((Market forces will mirror the average #players of Illarion as per the website graphs each week i.e. More players=more gain in commodity values. Different commodities will adjust according to their relative value, so a 5% increase in Foods wouldn’t earn as much money as a 5% increase in Luxury Items.))

Buying Shares: The shares of a specific commodity are considered purchased only when money is directly paid to a Farmer’s Mutual Commodities Broker for the shares and commodity desired. The cost of Purchase is 5% of total, except Gold members.

Selling Shares: The shares are considered sold upon receiving a dove instructing the Bank to sell an investor’s shares. The date of the dove’s arrival is the price the shares will be sold at. The cost of sale is 5% of total, except Gold members.

§8. Farm Subsidies:
A new program to begin Year 20. This is our "Handshake" loan program for farmers. Any farmer may request a one time loan of 100 coppers to purchase seeds with nothing more than a handshake and a promise to pay back 50 seeds of whatever their crop is. As our name implies, Farmer's Mutual is committed to helping farmers, both young and old, to get started in Farming. Just see one of our Farm Subsidies representatives.

Staff of Farmer’s Mutual:
Dusty Bottoms, Owner, Loan Officer, Underwriter

Taliss Kazzxs, Commodities Broker, Farm Subsidies
Mark Armstrong, Commodities Broker, Farm Subsidies
Rumil Togrin, Commodities Broker, Account Deposits & small withdrawals, Farm Subsidies

Member Accounts (.01-24.99 sp):
Hamlet of Greenbriar
Dantagon Marescot
Jessiah Aldron
Ssafar Zakarr
Solumn

Copper Members (25-74.99 sp):
Rumil Togrin

Silver Members (75-149.99 sp):

Gold Members (150+sp):

Loan Accounts:
Hu'grue

Arameh · Post by **Arameh** » Mon Oct 09, 2006 4:43 pm

It seems to be an interesting idea, maybe I would join, but what about memberships? Maybe you could specify how to join the bank, how to raise in 'rank' and such things.
______________________
Arameh,
High Knight of Kallahorn

Juniper Onyx · Post by **Juniper Onyx** » Mon Oct 09, 2006 9:24 pm

Arameh,

Farmer's Mutual Bank is not a 'Guild', but a business and a service. You can not simply "join" it.

Membership is simply obtained by the amount a customer chooses to have in deposits. That amount determines their 'level' of membership and hence the benefits. It is available to all.

Staff are hired personally based on trust. Their job duties reflect what they are willing to do.

All measures possible are being taken to ensure the security and safety of our customer's deposits and investments.

I hope this answers your question.
~Dusty~

swish1 · Post by **swish1** » Mon Oct 09, 2006 10:43 pm

I will join Dusty and want an account. I have gold nuggets. Can you make them into ingots your self?

-Ssafar Zakarrr

AlexRose · Post by **AlexRose** » Mon Oct 09, 2006 10:44 pm

swish1 wrote:I will join Dusty and want an account. I have gold nuggets. Can you make them into ingots your self?

-Ssafar Zakarrr

That's a little selfish, Ssafar.

~William Elderberry~

Juniper Onyx · Post by **Juniper Onyx** » Tue Oct 10, 2006 12:29 am

Ssafar,

I am pleased that you wish to deposit, however you must smith them yourself, or pay a smith to do this for you. Perhaps this simple task will help smiths on the Isle.

Thank you,
~Dusty~

swish1 · Post by **swish1** » Tue Oct 10, 2006 10:24 pm

I am practicing smithing myself. Just wait I will bring in some ingotss ssoon.

-Ssafar Zakarrr

Galvin · Post by **Galvin** » Tue Oct 10, 2006 11:00 pm

I would like an account in this bank. At the moment I have about 7 silvers, maybe 9, I haven't checked in a while, which I can deposit. From what I've read, you just store money for us and give more dependant upon how much we let you hold? If that is true, I wouldn't mind storing some of my money and I am sort of interested in maybe accepting a job there. I am good at math and I NEVER lose any coins.

~Galvin Tjime
~[Anc] Galvin Tjime [Anc]

The note is written poorly but is legible. It looks as if a child wrote it and there is a signature below the first one written in Ancient. If you can read ancient, it says Galvin Tjime, if you can't read ancient, it looks like a bunch of jiberish.

Richard Cypher · Post by **Richard Cypher** » Tue Oct 10, 2006 11:01 pm

If you need Ssafar I can make gold ingots for only 25 copper an ingot. A very fair price indeed.

--RICHARD MARTINS--

swish1 · Post by **swish1** » Tue Oct 10, 2006 11:02 pm

Okay Richard. But, I am not ssure I can fully trust you.
Can I?

-Ssafar

Poots · Post by **Poots** » Tue Oct 10, 2006 11:11 pm

He's a criminal, of course you can't trust him. But you can trust a friend.

~Allen~

Jason Tanner · Post by **Jason Tanner** » Tue Oct 10, 2006 11:12 pm

Ssafar...The only way you will know if you can turst them or not is whether or not you have met them and take the chance, personally, that was a very stupid thing to ask someone if they could trust you. Most thieves or people, I use myself as a reference because I am no longer a bandit, would naturally say Yes, you can trust them, just so they can get your stuff and leave, no hassle involved.

~Jason Tanner

swish1 · Post by **swish1** » Tue Oct 10, 2006 11:14 pm

I ssaw good in Richard.
He may change like you did.

-Ssafar

Skaalib Drurr · Post by **Skaalib Drurr** » Tue Oct 10, 2006 11:15 pm

So, why did you try to capture him?
~unsigned

swish1 · Post by **swish1** » Tue Oct 10, 2006 11:17 pm

Well, if he kept running his punishment would keep extending.
I felt if he just ssurrendered right then he could be releassed very soon and then live a free life.

-Ssafar

Jason Tanner · Post by **Jason Tanner** » Tue Oct 10, 2006 11:28 pm

Ssafar, are you insane!? Any one within their right mind would never surrender if they could get away with not doing so. You are a fool to think such an idea.

Poots · Post by **Poots** » Tue Oct 10, 2006 11:29 pm

This discussion does not belong on the banks parchment. I'm just saying if anyone wants a trustworthy smith to smelt some ore, I would be happy to do it.

~Allen~

Richard Cypher · Post by **Richard Cypher** » Tue Oct 10, 2006 11:50 pm

Now Allen you have insulted me and I wish you would apologize at once. Ask around to the people who know me. I am a very trustworthy individual. If I stated something then I mean it. If I had wanted to be secretive about my offer I would have sent him a dove, but instead I chose to write it on the boards so all can see my offer. This offer also extends to anyone else who needs it done. But now that I am thinking about it I am going to lower my price to 20 coppers. 25 is a bit too much I think.

--RICHARD MARTINS--

Garett Gwenour · Post by **Garett Gwenour** » Wed Oct 11, 2006 12:06 am

You are a fool with a big mouth that has quick feet Richard. No one trusts you. No one likes you. No one will ever like you nor ever trust you. Just leave the island and spare everyone's blade the time needed to cut you down. Ssafar, Allen is an experienced Gold smith with a solid reputation, he would never steal from you.

Stephen Rothman
Knight of Kallahorn

Richard Cypher · Post by **Richard Cypher** » Wed Oct 11, 2006 12:16 am

Now Stephen that was not very nice. It seems you are the one with a very big mouth and you do not like me. The feeling is mutual I must say. Now please mind your own business as this conversation was between Allen, Ssafar, and myself. Also, anyone who wants me to smith something for them. Now shut up and go back to the castle you are building, well atleast the castle you own for a little while.

--RICHARD MARTINS--

swish1 · Post by **swish1** » Wed Oct 11, 2006 12:17 am

Garett Gwenour wrote:You are a fool with a big mouth that has quick feet Richard. No one trusts you. No one likes you. No one will ever like you nor ever trust you. Just leave the island and spare everyone's blade the time needed to cut you down. Ssafar, Allen is an experienced Gold smith with a solid reputation, he would never steal from you.

Stephen Rothman
Knight of Kallahorn

I never said I did not trust Allen. I only did not trust Richard.

-Ssafar

Korm Kormsen · Post by **Korm Kormsen** » Wed Oct 11, 2006 4:10 am

ssafar,
you really must be an idiot. you dont have to defend yourself here against stephen rothman. he did not attack you, he tried to help you.

Tjalf

Solumn · Post by **Solumn** » Wed Oct 11, 2006 4:55 am

I just can not understand why you all have to bring fights in here. This is bank board not arena.

Solumn

Alazair · Post by **Alazair** » Wed Oct 11, 2006 5:58 am

Yes, please take your arguments away from this parchment. They do not belong here. Pin notes here only if you have a question about the Bank, a comment about the Bank, or wish some service from the Bank.

Thank you for your cooperation.

-)Rumil Togrin(-
Commodities Broker

Juniper Onyx · Post by **Juniper Onyx** » Wed Oct 11, 2006 9:39 am

Yes, please use this board for questions/concerns about the bank please.

I'd like to announce that Rumil Togrin has been authorized to accept deposits as well for anyone wishing to start or increase their account.

Today was a good start for the Bank with several accounts started. I thank those for putting their faith in Farmer's Mutual to help your money work for you, safely.

~Dusty Bottoms~

Hu'greu · Post by **Hu'greu** » Wed Oct 11, 2006 2:47 pm

meh wunt tu gebs loan. Huws much will yoos gibs meh?

Kevin Lightdot · Post by **Kevin Lightdot** » Wed Oct 11, 2006 5:49 pm

I would like to know what sort of items, belong to the 'luxury items'.
Do drinks such as wine count, or do they go with food?
Could you perhaps make a short list of things with examples of what would belong with luxury?

Signed:
Kevin Lightdot

Juniper Onyx · Post by **Juniper Onyx** » Wed Oct 11, 2006 10:08 pm

Dear Kevin,

Thank you for asking about our commodities speculation program.

I'm afraid several people have been confused by this. Please let me explain.

Between Gobiath and the mainland sail hundreds of ships each month trading a variety of products that we have grouped into categories. Some months, the merchants ship out more Foods than luxury items bound for the mainland markets, and some months it's the reverse.

As an investor, you would speculate on the price per "Share" of these commodity groups each month. If more of the Group's commodities ship to the mainland markets ((More average players of Illarion)) the value of your share(s) increase on average. You could sell for a profit, or hold for long term investment.
If the reverse happens, and mainland demand for that Group drops ((Less players on average)) the value would drop. Again you could sell out, or hold for long term investment.

The "Shares" are you're investment into funding the 'cargo' of the merchants in the grouping you select. They in turn, sell their wares on the mainland and repay your investment or take a loss, depending on the market that month.

To buy shares, check our page on the current Rates for the commodity you wish to purchase, add up how many shares you wish to buy, then add 5% of that total for the bank fee, and see one of our three trusted Commodities Brokers. Then watch the markets rates, either buying more shares, holding, or selling shares (For 5% sales fee).

I believe this program has great potential for those willing to invest in Gobiath's economy for the long term. ((Basically, get out there and recruit players!))

I hope I have explained the process.
Thank you,
~Dusty Bottoms~

Galvin · Post by **Galvin** » Fri Oct 13, 2006 3:10 am

A piece of parchment is posted on the wall, it is crumbled a bit and has a few rips in it. If you read all the posts, it is a copy of one fo them.

I would like an account in this bank. At the moment I have about 7 silvers, maybe 9, I haven't checked in a while, which I can deposit. From what I've read, you just store money for us and give more dependant upon how much we let you hold? If that is true, I wouldn't mind storing some of my money and I am sort of interested in maybe accepting a job there. I am good at math and I NEVER lose any coins.

~Galvin Tjime
~[Anc] Galvin Tjime [Anc]

The note is written poorly but is legible. It looks as if a child wrote it and there is a signature below the first one written in Ancient. If you can read ancient, it says Galvin Tjime, if you can't read ancient, it looks like a bunch of jiberish.

~Galvin Tjime
~[Anc] Galvin Tjime [Anc]

There is another set of signatures below the copied text to insure its authenticity.

Juniper Onyx · Post by **Juniper Onyx** » Fri Oct 13, 2006 6:07 am

Galvin,

Simply come to Greenbriar and either I or Rumil can assist you to open an account. Thank you for your interest and we hope we can help.

~Dusty~