Evening star. [volume] (Washington, D.C.) 1854-1972, 1867-10-16
Co.operatiye Building


among the poor Of Cleveland, Ohio, il proving
highly successful. In accordance with the
bill passed by the Legislature providing for
their existence, twelve OF fhese cooperative
organizations have been formed, and are now
being carried on in that city, muchto the sat-
isfaciion OF those concerned.
Their aim is to enable their members to OBJ
tain bones of their own, and tnerety save the
large amounts annually paid cut for house
rent. The "Forest City Euliding Society" is
the oldest ana most prominent, aad has al
ready assisted one hundred members in pro-
curing dwellings OF their own. An explana-
tion of it's workings will give an dea OF the
manner in which they are all conducted.
The capital stock, when all PAID Up, will be
S4oO,GCO, consisting OF two hundred shares OF
SS9O each, No member IS allowed to hold
more than ten shares The MONTH, tax upon
each share is one dollar. A meeting is called
once month for the payment OF these dues.
the society announces the amour. OF money on
hand. and that it is ready to redeem so many
shares. Let us assume 1t to be five value one
thousand. This amount is put mp and sold to
the highest bidder at premium, and this pre-
MUM is deducted. and the balance handed
over TO the buyer. With this aovance the
buyer must either build or secure property of
equal value, and as security to the Association
give mortgage on 1t equal in value to the net
sum OF money he receives.
A stockholder Is allowed to bid 800 on each
share he holds, and after be borrovs, pays in
advance to hts month dues for shlres six per
cent. on the amount for which he lids
Suppose he bids forty per cen. premium
upon the $1,000. This would be $40 premium,
leaving him 5000 net. Now, for tb ) 5000 he Is
required to pay IS q month on bis shares and
IS interest month-total $40. Should he
borrow money in the ordinary way the interest
would be S36 per annum, or 1852 il the whole
time, making In all, Ss52 But tie great ad-
vantages OF the Association are hat it loans
money to the full value Of the property mort
gagged, and requires payments in small con-
venlent sums, paid monthly, and not in bulk
at one time, as in ordinary loans
Those in moderate circumstances living in
tenant or other rented houses are able to save
much more than these monthly payments by
joining the Association, and procuring through
it homes OF their own. The Association will
wind up when its assets are sufficient to di-
vide out to each stockholder $500 for each
snare OF stock taken. A cotemrsrary cites the
1Sn instance OF the practical WORKING Of
house worth $4,000, and pays as rent S400 per
annum, payable quarterly. He will in seven
years have paid 2,s0O, and lost the interest on
the payments OF the rent he his made within
this time, amounting to 1867. He has consumed
S3,367, and has nothing to show for it save the
receipts OF his landlord Suppose he has twen-
to bid for 5000, and at 40 per can't. premium he
would get S3, Geo, and purchase the house here
tofore rented He would then have to paw to
per cent. on the $4,000, which would be S25
per month. THIS with his monthly dues on
twenty five shares would be $50 per month.
which In seven years Will amout to $4,000
Hence by paying SS33 with tB space of seven
years. more than he would hsve had to pay
rent, ne has secured house worth $4,000, and
has occupied 1t seven years in a word, his
house has cost him Ss33. This is by no means
an extreme case, but one which has frequently
taken place in Building and Loan Associa
tions.' =
There are similar Associations in Troy, Co.
lumbns, Cincinnati, Chicago, Detroit, and
other Northern cities They are likewise being
formed in Winchester, Charlcttes Vile, Staun.
ton, and other Southern cities and promise In
time to extend all over the country. Offering,
as toey DO, feasible opportunity to the poor
1or securing homes, their development and in
crease will be matter Of public interest
SOLDIERS VOTE IN PRNNs1LyAN1A.-There
was among the returns made to the Office of
the Prothonotary of ths court of Common
Pleas what purported to be a certificate OF the
vote Of several soldiers In two companies of
United states troops stationed at Fort Della
ware. The laws Of Pennsylvania giving to
soldiers right to vote when in the United
States service applies only to those troops
which are IN service by requisition of the Pres.
ldent OF the United States upon the State gov.
eminent. There are at present no Pennsyiva.
ma volunteers in service, and if these men en-.
nsted IN the United States army are Philadel.
phians, as it - claimed, they have no right to
Vote Vhe return was not made according to
law, which requires company elections and
the deposit OF the vote, properly certified, in
me nearest postofhce, directed to the Prothon.
otaTy OF the Common Pleas Clearly this so.
1ls
ought not to have been regarded by the Judges
OF election, but upon belief that they had no
right to reject 1t, the return was received and
counted. On Saturday Judge Thompson. ef
the Supreme Court, decided that the vote was
void, and the election officers having been
charged with wilfully disobeying the order of
the court, have been put under attachment for
contempt, which will be determined on Tues
day next. The so-colled soldiers vote' can
really make no difference in the result, and the
eleGtlon omcers acted rather hastily. They
WIN PROBABLY be able to purge themselves Of
the alleged contempt when the case comes up
on tuesday next.-Philadelphia Inquirer.
REGISTRY OF RAIN AND W1ND.-To register
COCK is used, which is connected alternately
win system OF four electric magnets CORES
ponding with the four cardinal points. Each
OF these magnets directs particular pencil;
when the vane turns to the North it commu-
nicates with the first pencil; when it turns to
the East, with the second, and so on; the pen
Gu then traces series OF black strokes on the
paper, as long as the wind blows in the same
oirectlon. This is the registering thermometer
OF NJ. Du Moncel.
This is how the rainfall is measured. The
water that falls ls collected by a funnel from
which 1t flows into little cistern, When the
level in this reservoir ascends it raises float
er which acts on great pencil Another PEN
Gil marks on the great meteorographical tablet
the hour at which the rain has FALLEN; it is put
in motion by wire which connects with a
little hydraulic wheel placed under q spout.
A last pencil is charged with noting the state
Of humidity or dryness of the air. It Is car
ried on q chariot, which goes or comes before
a special tablet, on which 1t traces series OF
black parallel lines, the explanation Of which
would lead us too far.-French Reciew
SETTLEMENT OF THs DIFFICULTY BETWEEN
THE GOVERNMENT AND THE VIRGINIA AND
TENNESSEE RAILRoAD.-A dispatch from
Richmond says: The committee of the Virgin
ia and Tennessee railroad have returned from
Wash Wsshin 3n gt4n Tasy had satisfactory inter-
Schofield here to-day. 1t is now certain that
the elec ton for president OF the railroad will
take place at an adjourned meeting General
Mahone will be chosen;by acclamatton. This
will give him control ofthe line from Norfolk to
Tennessee. Arrangements with the Tennessee
roads for continuation to Memphis have been
perfected. The Interference on the part OF the
Secretary OF War with the election was net In.
tended as military proceeding, but result OF
the failure Of the railroad company to comply
with the contract in payment for Its rolling
stock. .. ....-i -,sr-.-..ETtg. ..zry -
s0Mrs. Nellie ]. Brown committed suicide
at Chicago on Friday night by taxing poison.
MRS. Brown was dreSsmAker, ana her hus.
band painter. The latter, few weeks ago,
and returned q few days ago without having
accomplished tho object Of his errand. This
circumstance seemed to weigh heavy upon his
wlte's mind. On Friday night she purchased
q quantity Of strychntne, and swallowed It,
AZ soon as the discovery. was made that she
had taken poison, medical aid was called into
req uisition, bat without any good result. The
unfortunate woman, in spite Of oil that could
Be done to save her. gradually sinking, and At
iast dying, suffering yiolent spasms.
ga German No wspaper says: Two years
Amn EyaRA nvaP