Nashville union and American. [volume] (Nashville, Tenn.) 1853-1862, 1855-01-14

spent and nothing to show for it. at most sales
some of the purchases are Of the above description.
Hal we the leisure to extend this article, we
could produce a great number of examples of men
in Nashville, who have accumulated handsome
piece ofproperty by buying their own homes, even
when the prospect was not good for their paying
for them. The amount saved from rent, frequent
movings, &c, gozs far towards paying for home,
and when added to the increased economy and
greater industry that man feels when he IS struS-
Cling to own a home, usually accomplishes the and
desired
Some two or three years since an excellent work
man, mechanic, who could, when he would earn
his two dollars Gay, came to a friend to rent
small house he had, and offered to pay the rent IN
advance each month As he would take his sprees
that friend refused to rent him the house, but told
him he would sell him the place cheap, give him
time to pay for it. and would require no security.
He finally prevailed on the man to buy it, and the
idea of owning house of his own completely
changed the character Of the man, and he has not
taken spree since. He Immediately moved on
the place, and with little work Of his own made
it not only very comfortable, but converted it into
two good tenements, ard rented one. The rent
be received and the he saved exactly met his
annual payments. As soon IS he found how easy
he was making his payments and how be was ac-
cumulating property, he naturally concluded he
could still do better.
The same friend had another house and lot close
by that larger and better. st his solicitation,
that friend took back the first piece of property,
and sold him the second at q much greater price,
crediting the purchaser with what he had pad on
the first He Immediately turned to- fitted up the
buildings at but little expense but his own labor
made three tenenents out ofthe buildings on the
lot rented out the two best and absolutely receiy-
ed rent enough to meet bis payments, ana thereby
got his rent for nothing His first purchase was
four hundred dollars his second six. At the com
mencement of this year he found himself earning
$l2 per week, two sons, quite young, 50 per week,
and his wife 49, for since they had bought home |
all hands turned into hard work, making 1924 por
week; their average expenses were SO per week, and
the family can lay up 3l5 per week.
Finding himself in this situation, at the COM
mencenent of this year, he concluded he could still
to take back his second purchase, and buys still
arger place for fifteen hundred dollars which he own
ed, the last purchase being credited with what be
mad paid on the former This place has quite large
building on il, AMI he will probably reat enough of
to pay twice the interest on the purchase, which
with his saving Orient and his savings from his and
lis family earnings will soon enable him to pay
or it, and in year or two more he will find him.
elf worth fifteen hundred or two thousand dollars.
In this city every man can own his home. Those
Who buy, in nine cases out Of ten, do we'll Those
Who rent, in nine cases out Of Ten, dc not accumu
ate any thing.
Nashville Is certainly improving row IS rapidly
3 1t ever has. Her resources are increasing daily
nd have increased greatly within the last two or
hree years. The increase in the wholesale dry
O0ds trade has 10 the past year. added several new
ouses in that business. The wholesale grocery
-ade has perhaps more than doubled in three years
he Medical College has this winter brougata class
Tho viii leave with Us $I2o oOJ, equal to the an
ual interest on 81, OOO, 900
The new book concern has yet to 90 into opzra-
on. twill employ several hundred operators
I'D will sappori population Of at laas: a thous.
nd
Our Railroads will daily ore1 new resources.
nd we Cannot see why We viii not continue to 90
head q