The Athens post. [volume] (Athens, Tenn.) 1848-1917, 1850-08-09
TOWN HALL,

Some of our citizens are forming them>
selves into an association for the pupose OF
erecting IN this place building TO be
used as Town Hall and various other
purposes. 1t is to be join, stock compa-
ny with capital Of five thousand dollars
divided into shares of ten dollars each. 1t
is ascerlaned, however, that it will only
be necessary 10 raise four thousand dollars
TO accomplish the object. II is the purpose
OF the Company 10 erect the building im>
mediately upon the public square, or as
near TO il as practicable. This location,
together with such an arrangement Of the
house as is contemplated, will secure to
the share holders fair profits upon their
stock. The building is to be three stories
high, of BRICK, seventy by fifty feet in size.
The third story 10 be divided into three spa
cous Halls, two Of which will be forty by
twenty feet, with passage of ten feet be-
tween, and the other will be fifty by twenty
feet. The first two will also have small
room connected with each, 20 by 10 feet,
which may again be divided if necessary.
These three Halls upon the third floor are
designed to be occupied by the Masons,
Odd Fellows, and Sons of Temperance,
respectively, as Lodge Rooms. To secure
The permanent exclusive occupancy OF
these Rooms, each of the Orders mentions
ed are bound by The Articles of Association
TO subscribe and pay the sum Of three hun
dred and fifty dollars, making In all one
thousand and fifty dollars. This subscrip-
ton has been already made, and it nav re-
mains for individuals TO complete the
amount necessary 10 be subscribed. The
second story of The building will contain
room fifty feet square. TO be used as Town
Hall, or public assembly room. This floor
will also contain two offices twenty fee,
square each, with a passage OF ten feet
between The first or basement story will
be divided into TWO store rooms, forty BY
twenty feet, with passage of ten feet be-
tween. These passages are intended as
medium Of communication between the
different stories OF the building. The rear
of the first story is to be further divided
into four office rooms of convenient dlmen'
sions-say fifteen by twenty feet.
THIS is the plan now in contemplation,
and if this. or any similar one is finally
adopted by the Company. the public will
at once see thai it will be very profitable
investment. We hazard the opinion tina,
the stock will yield from eight to Ten per
cent. after counting insurance, expenses,
taxes and repairs. In the first place, no
dividends are TO be declared on one thou>
sand and fifty dollars, the amount subscribed
by the three orders before named, because
that sum is paid by them as a consideration
for the use OF their Halls. THIS will leave
about three thousand dollars of stock upon
which TO divide the profits. Now let US
see, at reasonable calculation, what the
rents will amo1nt lo2 Placing low est>
mate upon the store rooms, they will bring
together, one hundred and fifty dollars per
annum. The four Offices fronting the
street will rent for thirty dollars each-one
hundred and twenty dollars; the two in the
rear at twenty dollars-forly dolars-ma-
king the income from office rooms one
hundred and sixty dollars. The town hall
when rented for such purposes as may lie.
sally be charged, will realize at least one
hundred dollars per annum, so that there
will be abou, the sum OF four hundred dol
lars to be divided each year upon capital
Of three thousand dollars. This calculation
will produce nearly foureen per cent. upon