The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1867-12-07

Aitcr tue uAnsactt0u " 0snef Du8inoee the
Assembly adjourned till Monday evening,
Dec. 18th, at 8 O'Clock.
- J.W. OvxRAcKEs, Rec. SEQ.
/
Mutual Real Rstaue ana "REMINISCENCES
Company.
The following document was read before
the Trades Assembly Of this city. last Tues-
day evening. We commend Il to the care
ful consideration Of the laboring CLASSES:
A PLAN BY WHICH An nvxsnnHT or $500 wlEL
nELD RrsuzH or FIVE fHoBsAxD Right HUxp-
RED DOLLARS on MoRR.
We, the undersigned, propose 70 advertiss
and organize Real Estate and Manufacturing
Company, or the approved plan hereinst.er des-
cribed, by which an investments Of 500 payable
BY instaIIments Of $50 each every three months,
will yield return Of $500 or more.
To give the public confidence in this scheme
the originator 90 not peopose to handle dol
lar OF the eompany's money. Oe9 expect to hold
an Office. On the contrary. il viii be seen that
they have guarded against fraud and collision
in every form. giving the public an equal chance
with themselves and shile thsy have done th Q,
they have taken Che risk Of advertising this
scheme extensively, and At great eosk d tLeir
own expense, expecting 20 be remunerated only
in case OF its success
This plan Of organising Is to get one thousand
subscribers through the Trades Unions existing
in all the large cities throughout the country,
and through the formation Of clubs in country
localities.
They ask each society, OF clcb, 70 ascertain
how many subscribers they can furnish, pro-
vided enough can be obtained to form q comps-
ny as proposed, and to advise them as early as
possible after they are informed that four tis.
sand or more agree to JOIN in it. They win thsn
consider il safe IN believe that enc Aeusaad
will stick to il and assure them fiat they
are acting in god faith, they will request them
to make ! deposit Of &s0 in some good bank and
receive certificate Of deposit for the sane.
Each society, club, will then elect or appoins
some Trustworthy and capable citizen a. dele
gate to attend a conve lion 20 be held 10 the
city Of Chicago, entrusting him with their Ger.
ti6cates Of deposit, and With authority to vote
for the election Of officers and pay over 20 the
treasurer elect said certificate ~ soon thereafter
as said treasurer shall have given good and ga
tisfsetory bonds, to be approved Of BY at leash
three -fourths of said delegates. And, 10 case Of
any disagreernent said delegates are 20 return
home and refund the certificates Of deposit TO
the owners, each TO pay his share Of the dele
gates expenses
Our plan is to build Manufacturing City on
the White or St Francis Rivers, Ark-asas, 10
the high and suitable locality near the Missouri
State line, or at any other good point that the
locating committee may select.
We advise the buying Of four thousand acres
of land, two thousand acres Of which vii b
equally divided among the one thousand shares.
making tsc. acres each. Also, the erection Of 4
small, comfortable house on each Of the above
two acres the re maining two thousand acres
10 be divided into twenty thousand city lots and
sold at an average price OF $50 each.
The stock will consist Of one thousand
shares at $500 each tp9Yable every
three months, at $50 per month"; $500. 900
Which viii be expended as fol-
lows, viz -Four thousand
acres land 9 10000
One thousand houses, 10000 100, 900
Leaving from subscription fund to ex-
pend 10 manufacturer, &c, $4,000
tAfteT this amount is expended we Rave ere
ated an intrinsic value for our twenty thousand
lots
And proceeds from sale Of twenty
thousand lots, at $50 each, Ri. 900 600
Also, PROFITS from products Of facto-
ries for the first ten years after
their erection, at sen per cent per
annum. amountinGlto 100000
Making in stock 10 divide among one
thousand shares, s,sso,Ooo
Making each share worth. In
the stock, n 62e
Also, the two ACRES decided 70
each share (equAI TO twenty
city lots) in city Of from
ten thousanA TO tweutv
thousand inAabitants. esti-
mated At $50 per lot, 1900
Also, house &C., on same. 200
hsking for The original $500 invest
| ed, 1913 70 a6,sao
1 Il will be seen In tie foregoing estimates that
the csicuiatioa 3 based on our factories paying
only ZEN per cent per annum, while theyviiepFobs-
bly, pay twenty or thirty per cent Also. that the
lots are valued at only $3.50 each. and that n q
large town or city, many Of the businsss lots will
be worth FROM two thousand dollars 70 ten thon-
sand dollars each. Three hundred don srs each
we think would abe fhirer estimste. making
81 $40 instead Of $3.50 for The oBo6 fnvsstsd
MAecosding % the statistics Of MamaeAa setts
she employs ee1S capissl .ss s.eh orsnsivs en-
ploged IN her Histories (vhieh W link too high
an estimate for new countxy ~hen our build
Ing material costa nothing but he iabor q est-
ting e out) Estimating on thas bssis ~ have
! capital enough to employ 4,22e -. No. Il
heads Of families, averaging I've sach, sives N
population OF ~, $50, not cour.ing mershaass,
lawyers. doctors, bakers. huschersL Ia, sure e.
1 follow well organised moremenk
Our lots ut the low prices We viii offer them a
win be eagerly soaRht after, a. any psrssn Il
sedse can readily ~ NE advantages . b o..