Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1856-04-18
cttp aau State aHalrs.


,h city these institutions here and compar.
lF unknown II Is but proper that explanation be
given OF ode operation and the advantages they
ofer
rc primary object these enable every
man to become his neutrality-suspicious. home for him
f and family by simply paying int joint for
lew wears little If than would otherwise be
ended in rent BY uniting the savings of their individual
members capital created and distributed into and among
,,n banas that It, the form of real estate.
its evident many individuals combining together, could
make small of ney far productive than these
Guns could separately When it considered that
her Of persons money by the process of hoard
, and without making fshing of nterestthat money
saved of while the saving Off is
that by the fundamentally Of Building soce
tics money ON the very kept actively
,oyed continually producing and reproducing wonder
u increase and vet afforded to the borrower on more
,yanageous than any other kind Of oan-the useful
II es Of these Associations becomes manifest.
We stated be the specific aim to enable
in become of real property
Instead of continuing it, and we come now to
speak particular by which this object achieved
To accomplish among persons of MEANS might be
difficult task but to effect the of the industrious
classes whose generally restricted
problem of easy solution Nothing less than the comb
Individual and and the Simultaneous
purchasing the property desired
avail and this precisely whf proposed by these societies
By house the rents
for benefit of the fac by this plan the many combine to-
geher put the into their pockets com
mon fund created from the periodical contributions nd
yiduals time time available far will
allow loan each contributor sufficient buy for
him other suitable property that when all the
have either supplied with such property
with their money and their proportionae profits
thereon the purchased property of the members will be freed
from the charge necessarily laid upon BY pre-
ylcusy given the society, all the members released from
their respective and dissolution of the society
takes place. having accomplished the purposes of Its organ
cation.
As to the details plan, they may thus
l. The Association is mutual benefit aud stock company
Each Of stock requires the payment of dollar
monthly during the term of the Associations
istenee
g. The entire amount paid in each month put up
monthly meeting of the stockholders, and sold highest
bidder bidders among them at premium. This premium
from the amount and the bidding
the balance He required the Association
advance by real equal in value
to the which he receives
stockholder Is allowed to bid for humid ed dollars
each share he holds aud after he has borrowed pays al
his monthly dues shares per per
the amount he actually receives This interest is paid in
monthly with the shares
Suppose the capital stock of Association
TO be one shares least thousand dollars will
then paid and sold each month. Suppose ndivd
holding live shares bids at monthly meeting for the whole
20 cent premium he eight hundred
d'ars the after the premium is deducted and
CURED thereafter to pay in addition to his five dollars month
shares, per eight hundred dolars-wheh
would be forty eight dollars year four dollars month
he pays five dollars monthly for his shares
dollars while the Association lasts
The Association winds up when II is able to divide two
each share of stock Tho stakeholder who
advance debed in his with the
has bid Tins If he five shares and has bid
Thousand dollars at twenty cent Gas in the already
snppose) receives eight hundred dollars which, in the
winding 1.-THE Association accounted full settlement the
premium being the clear profit of the Association.
addition the profit derived from premiums the Associ
alton, by oanng wthits other funds the paid in
monthly for interest actually compounds interest twelve
whothe individual stockholders paying simple
by this rapid mode Of multiplying money these
generally enabled wind up from eight
years.
article shall speak the benefits they
upon their individual members and the community
STANTON CONVENTIONAL meeting of the American par
" Of Lynchburg and those friendly thereto will be held
morrow night in the factory of Lsnghone Sons for the
purpose Of appointing delegates the Stanton Convention
Ful attendance is desired.
AMERICAN MEETING IN AMnERsT.-We are requested TO
that meeting of the American party of Amherst will be
held Monday Court the CT House for the purpose
appointing delegates to the Stauuton Convention.
CONCERT To sIGHT-Our will have another op-
poruniy tonight of hearing the performances of the Lynch
burg Musical Association An attractive programme offer
in Payne& Christians md Langhorne g.
Walkup's,
A MULTITUDE FIsH-During Thursday, Friday and
Saturday eight hundred thousand fish brough,
to the whsrvos In Alexandria