Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-12-07
The Lincoln ICelsFedl Cs-spePasive Bail .
ing and Deposit Asssciatisa-

The Lincoln 1Cslsredl Cooperative Hull
ing and Deposit Association
Aeo1. two hundred colored and four white
persons assembled last night at Rev. Mr..
Bouldin's Colored Church, corner OF i,h ana
l. streets, for the pnrposs OF compIatiuc tee
organization OF q building fund ASSOCIATION
In the absence of Mr. Charles King, 20 npo-
rary President; on motion o. Mr.. @. +. Ne ID
ham, temporary Secretary. Mr.. T. II. Bro
was called 10 the char.
The meeting was opened with PRAYER nv
George 81 Kiln. colOred
Invitations were then ex % nd ad n All psrsop.
VINO wished 20 do so > come FOR ward aud ION
me association, ana pay their iniuatioa Zee OF
MY cents per share. About fifteen or twenty
dollars were the fruits OF this invitation: AFTER
which The meeting proceeded 70 other business
-ur. NssonaIn. the Secretary, explained me
Objects OF the association the prucioal co., az
WHEN Mas 20 pFoyiae homes Tor all oft u IN
oers. Tae poor coloTsd man had 10 9 naep
compelled TO occupy rented novels and damn
cellars, because ne could do no better. and
Win the view o: Improving their condition., he
mao conceived the idea OF Organizing chap
pullding association for their relief tn
snares IN the association were held at a5O1.
ana terms OF pay ment into the fund, So cenls
Inihssion lee, with dues amounting to sL25per
month. In ten years eacl member will nave
PAID In one hundred and fifty dollar, for
hlch ne VIII receive a house ana lot a. the
minimu'1 value OF five hundred dollars He
tnouEnt me opportunity ne best for profitable
Investment OF any sfioat, and there was 40.
man or woman whe could DOT afford 20 avail
imseif or herself of II. II the colored psop e
would not spend their money IN candy and
sack Ike, they would lid i: an easy mater 20
raise money TO pay .heir dues IN this associa.
ion. and In ashort tirle rhs L ernbers thereof
uld ali obtain bousss. Tue association
wanted one half 10 build fine blocks of tGo
Dry tenements, and the othsr bsf eoaId be
SOLD 81 the highest premium offered He want
ed to put mp block OF houses Immediately for
members who wanted houses.
". ,r-Ou
be after she joined before she could ge: har
mouse She was tired OF paying rent. and
thought II she could get her nouse soon sna
would Try 70 nay her = -25 Per month.
Rev. Mr.. Bailey, tie cOioEsd preacher wished
10 know II 10 was designed for the Assoc I'll alton
70 locate the houses for the me IA oers wherever
rney chose; because. If hat was the purpose
some of the members nigh, have to go 80 far
frtm their places OF business as 10 prevent
mem from getting there III time, and thereey
they would De thrown ont of situations
The secretary said the board of directors
would endeavor TO accommodate all rneuoers
win a house, ard those who did not wish 20
De provided Tor by The association could get
they wanted
HIS explanation was received with sun.
pressed applause by many, but some OF those
present expressed doubts, and said thew
couldn realize how each Of Two thousand men
one mailman number OF members) could
procure Comfortable house by the payment
of $3.50 IN ten years.
Mr.. Secretary Needham then ascended he
pulpit, for the purpose OF reading the constr,
tuition and bylaws, which had been provided
Tor the guidance OF the association, viii were
read and adopted
The next business being the election Of per.
manent ofheers one old colored man urged tue
importance OF electing an honorable man for
the position Of Treasurer. The man who han
died The money was The one 70 look after
John A. Owens, The colored orator sent
south last summer by the Republican Con-
gressional Committee, was called on 10 address
the meeting, which he briefly did, urging the
importance OF joining building associations
upon coiored men and women. 1t would No
he means of Increasing their respectab,Itrv.
and enhancing their personal comfort He d.
cnned AT THIS lime giving any account OF ais
pOlticai stewardship since his absence at the
South; but subsequently, yielded 10 an invita-
uOn 10 address the meeting on his point In
the course eff his remarks he spoke of nuuer-
Gus attempts which had been made TO take hi.
life LIZ one stance b. said he mad induced a
former owner of hundred slaves TO preside
over convention comp Jsed principally Of
oack men, and that man subsaI uently becauna
fun convert TO the wisdom OF c very measura
ADOPTED by Congress.
At The conclusion OF his remarks, d. II
StearD, white, said he had q pleasant recOI-
lection OF seeing his friend Given some months
since In Richmond aud Fredericksburg, doing
yeoman's service ia the great cause of repub.
liCanism
The committee appointed 10 make nomina.
uon for permanent officers reported tue follow.
ing, " no were unanimously elected
President, SaTles J. Brown; Wee President,
Benjamin Mccoy; Secret,ry, ID. H. Stearas.
Treasurer, @ p. Needhan; Directors George
Sbanklin, Charles King, Vim. Scott, Henry
Bailey. +. BrIscoe, II. Crossrau. A HEX
man, Samuel Paine. and W. Eirnboro
Inc meeting soon after adjourned