davidaulloa/AmericanStories huggingface dataset:
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

CASES IN BANKRUPTCY.-The following
persons have been adjudged bankrupts
since our last report Robert Wilson, of
Amherst; George 81. Turner, of Nelson !;
E. F. Clark, of Nelson; Oscar Gregory, of
Brunswick; J. W. Hambleton, of Cum
berland; James B. Smith, of Amherst
P. A. Boiling, of Farmville; George B.
Jones, of Warwick; Stephen Darden, of
Isle of Wight.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
AMl2LSS115S2

RAND CO M P Ii M e n T A Z 7
VI CONCERT to
MR.. MATT WBaIEE,
RICHMOND THEATRB, FRIDAY, JANUARY II:
upon which occasion large number OF the most
tale nted lady and gentlemen amstsurs and profess
scrs Of Richmond have volunteered, and will ap-
GRAND VOCAL AND INSTRUMENTAL
CONCERT,
rsplets with all the gems OF Operas, Duets, Solos,
Quartet, Englieh, Irish. Italian, German, and
scotch Ballads-the whole forming one Of the
most attractive programmes ever offered In this
city.
For full par iculars, see bills Of the day.
Tickets, FIFTY CENTS for sale at Spotswood, d,
Exchange, and Ballard Hotels, aud Davies Musi-
cal Exchange.
Be sure to get one Of the programmes.
Office at the Theatre will be open for sale OF ro-
served seats rs cents from 10 to O'CLOCK on Janu.
ary IT. j. l5-3t*
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
The CANAL is open for navigation.

ONE THING wHIoH11s Nor AFFECTED By THs
BAD WRATHER.-That is, the trade at Levy
Brothers store. The people know If they wait for
the sunshine that some good bargains may be lost
to them and Notwithstanding there are still
m amy left, everybody wants the first choice; con-
sequently the clerks In this establishment ex-
pect no rest, even IN stormy weather. We say to
every one in want Of cheap dry goods not to walt
for clear weather, but 90 at once 10 Levy
Rrothers'
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

CoNsT1TUT1oNALITY OF THE STAY LAW
The argument in the case of Taylor Us.
Stearns ct al., in which the constitution
ality of the stay law is involved, was con-
tinued yesterday. Mr.. Williams conclu-
ded his speech, and j. B. Young, Esq,
will be heard to-day.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

PERsoNAL.-Mr. John Mnllally, of the
New York Metropolitan Record, one of the
most fearless advocates of the southern
people in the country, is in the city. He
is on tour through the southern States
for personal observation of the condition
of affairs, which he intends to chronicle
faithfully through the columns of his pa
per. We welcome him to Richmond, and
wish him God speed in his work.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

LOCK Your DooRs.-We have frequently
called the attention of merchants ana
others to the fact that every night the po-
lice find the doors of stores and dwelling
houses unlocked, in different parts OF The
city. Night before last the doors OF q
large clearinghouse and of seyera! whole
sale establishments were found open.
Clerks should be warned against such care
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

Rirl1urond Dispatth,
FRIDAY.............JANUARY II, 1868.
THE CIRCULATION OF THE "DIS-
PATCH " Is LARGER THAN THE COM.
BINED CIRCULATION OF ALL THE
OTHER DAILY NEWSPAPERS OF THIS
CITY.
AUCTION Sales This D0y.

lot of household and other furniture,
groceries, etc.
& co. will sell at 10 o'clock,
at the corner of Baker street and Brook
avenue, the entire stock and fixtures Of q
grocery store.
J. P. TYLER, clerk Of the Second Market
will rent at II o'clock stalls 10, %, %, and
90, in the meat market.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

TRAINS DELAYED.-In consequence of
the large quantity of ice in the Potomac
river at Aqua creek the trains on the
Richmond, Fredericksburg and Potomac
railroad, for one or two days, have been
behind time. Yesterday the northern
mail, due here at 1.15,. did not arrive
until two hours later.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

SEIZURE IN BANKRUPTcY.-On the petit
ton of Messrs. Steenbock & Co.: and by
direction of the Bankrupt Court, Marshal
Lynham on yesterday took possession of
the stock of goods of Messrs. William
Lovenstein s. Co., dry goods dealers, on
Broad street.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

RICHMOND AND DANvILLE RAILROAD VS..
PowHATAN CoMPANY.-At the January
term of the District Court of Appeals for
the fourth judicial district, which ad-
iourned on Saturday last, the decision of
the Richmond Circuit Court was affirmed.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

ANOTHER PARDoN.-Our kind-hearted
Governor extended the Executive elem
ency yesterday to Jordan Scott "a negro),
convicted of house-burning by the County
Court of Fluvanna, and sentenced to three
years in the penitentiary.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

Quick PAssAGE.-The barque William
Rennie, Captain Harding, which sailed
from City Point on the 9Th of December,
arrived in Liverpool on the 9th, making
the passage in nineteen days-the quickest
on record,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

PERsoNAL.-Ex-Governor Price, of New
Jersey, is stopping at the Exchange. The
Governor is warm friend of the southern
people, and expresses the fullest sympathy
with them in their great and trying misfor :
tunes, 18
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

INTEREST ON STATE SToCK.-The State
Treasurer has paid nearly 100000 inte-
rest on State stock since the lst of Janu-
ary. Holders of stock are still coming in.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

MAYORS CoURT-REcoRDER REGNAULT
PRESIDING G-THURsDAY.-J.L Letter, charged
with assaulting and beating Jane Lomax
fnegro), was discharged, in the absence Of
evidence.
Nothing more.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

HUsTINGs COURT OF MAGIsTRATEs.-A
number of foreigners were naturalized be-
fore this court yesterday; after which the
court adjourned until the next term.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

CITY GAS WoRKs.-At the last meeting
of the Council it was
"Resolved, That the Committees on FL
nance and Light be instructed to inquire
into the expediency of selling the city
gas works, and if necessary to obtain IN
formation, they be authorized to advertise
for proposals for the purchase Of the same"
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

JUDGE MEREDITH has granted charter
to the " Nonpareil Fire Brick and Kaolin
Company" with capital of $4,000.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

WORK has been recommended in several
of the large tobacco factories during the
past few days.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

DELINQUENT The
YEAR
WHIC
G.
OF THE OF
PERI GEN N
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

TOR NEW YORK-OLD DOMINION
4 STEAMSHIP C0MPANY.-The klSA
EkRss 1kgENtRxs Nixa.RA sAkaTHVsIAs,e sas VIselkfz
leave New York for Richmond direct every WED;
NssDAX sPs a1d
expressly for this route. They have splendid
saloons and staterooms and the rare, aecommo'
dations and sttention, are unsurpasaed.
Goods shipped by this line are landed regularly
at New York on the Company's covered pier 81
rs a ordered
Freights for points beyond New FORK forwarded
with dispatch: and no charge made except for &C.
The steamers for Charleston, Savannah, New
Orleans, and other southern ports, leave rom tne
adjoining pier: All goods for these points are
AGERTs.-N. L. McCready. president, greenwich
street. New York; Samuel Ayres Coi Hich-
%npa' bnrs 7. d. WEB WEBB. Norfolk, Va.
For ifs'sn' saE1sf sf6iz AYRkss R : CO., Agents,
de4 corner Main and Eleventh streets.
DHILADELPHlA, MoND
i AND NORFOLK sTEAMsHIP &1&A
!s@sesak a9seaak .sis End @
line, viii leave Philadelphia every Ssss4zsz.A
SATURDAY, and Richmond every FklDAx alteI-
Frsishtta taken for n NoRFoLK, also for CHARLES;
TON. SAVANNAH, and HEW ORLEANS, and
bills OF ladtng signed tnrOugn.
e adeghif iPelsSaERg PosSE 9sss Rssns
ehC' GO SITS once No. si2s on the DOCK.
DIOR NORFOLK, PORTSMOUTH,
: T. AID ALL LANDINGS ON THEAS1s .
saMEs 1 RivERFhs 10Th sffvEsrss fsft 1Es ils
0APrAIs z. O. GIHrolD.
pisses On MONDAY, "WEDNESDAY. and FRIDAY
at $50 O'Clock a. M, snd return on TUESDAY
Thursday, and Saturday. ;,
PASSENGERS arrive st NoRfgqLMhfw RfgqMfwnRR "a Ems snd
TKAla T IL te leaves CITY POINT for PETERSBURG
on arrival OF STEAMER.
Pare to Norfolk, &a.so:
ssSs1ssd MSas ap 10 d tpt on
BAY, ai6 sn LANDINGS ON JAMES h1sA8
reasonable rates.
Freight for way ndings must be pre- paid.
Letters entrusted to Ysrser OF steamer muss d
enclosed in doversnsTs sfsmessGr mResr9M' IN Assnt.
ssR7glzt0 sR7z 5as:. 81 :; tA; tsAss.nsi;,. .si. sss.i.:
DOR PALATKA. FLA, sAVAN'
E NAH, GA, VIA AFERNAND!NA,H~ q ~ =
jAcKsOAVILtE, PIGoaATA4ss od SAs AaD sT %ss=;
JOHNS sis STEINER Ek;MIas seisRGSEs4roR" sHeipsIRGE4roR."
], 600 tons burthen,
Captatn LOUIS RI. CoxSTTzR1
will sail from Middle Atlantic wharf, CnaIlS9scs
8. c., for the above places eysL AZ $50
Csntral raiiroad at Savannah for Mobile and New
For freight or 9s.piesss g. s. ssiERgs isRggsY { CO., Agents.
=. q, am Charleston, b. Y.
-
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
Delinquent I0c LSst.

OF
TAXES DUE
AND PARTS oE LOTS IN FRONT OF THE
E FRsr FBRGARY TERM OF The ooRT
TN NR. GENr 81 TIC oS = W TaxEs TIE cHAR5Es % o ~
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
Mee5SaagS.

THE ANNUAL MEETING OF THE
Il stockholders of the VIRGINIA STATE In
SURANCE COMPANY will be held at the Office OF
the company on MONDAY NEXr l2,th January
at 10 O'Clock. WILLIAM h. CHRISTIAN,
IN 13Tt Secretary.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
MatIes and Horses for Sale,

~ I-<~~~~~~~~S((TT~7--(
TUR SALE, A MATCH OF FINE
IT. young HORSES, Buggy ANDHAR-
NESS. Apply at JOHNSON'S exchange ~
Stables Ia "a -8.* .lZA
MULES AND RSGS.-@
IA Always on hand NJ the EGOHAHGE' ysgSSA
lin straat, YOUNG and WILL -8R0kB 3aQxk.S
MULES. Alsoa lot or ane YOUNG a0Hsks suit
sble for farm purposes, which viii sell At fair
p1ices.
Invite the attention OF the farmers and plant.
erS of North Carolina and Virginia to this superior
lot of stock and proaiee them satisfaction sas TO
sualitv and nytse Tse saerI JOHN B. DAVIS.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
Marine Intelligence.

MINIATURE ALMANAC, JANUARY II, 1853.
sun rises Moon rses...,....,..l2 IL, S
Snn sets 50 High tide, "A. III M.....lo.36
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

R1cHMosD, VA, January !. iSeS.
NOTICE Is HEREBY GIVEN THAT
IN the undersigned has been appointed nayto, ny tns
Gi,cnit Cnnrt OF the United States Tor the Disncs
~ VIrSinia receiyer in the case OF the eIch snts
National Bank Of Baltimore ct al. rs. Inc BARK "
ne hsn,s ~ the Sid valley Bank are notified TO
usy their obligations TO the undersislea, ,,a anS
crsditors arc requested 70 Ole their sisias WIZ
him as early as practicable, a. Per paestvsp AZ
court :, Richmond. Va.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

PORT OF RICHMOND, JANUARY Is, 1885, I
ARRIVED.
Steamer John Sylvester, Clifford, EorioiR' mer.
chandise and passengers, L. b. Tatum.
MsMoRAgDuM.
Schooner Lucy D., Higgins. hence for Boston. at
Holiness Hole on the 18TH.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
Coal and Wood.


pr1UMINOUS AND ANTHRACITE
Is coaL.-I am now prepared to furnish my
frisnds and the pubic generally with
MIDIoTHIAN LUMP, HAIL, AVERAGE, AND
SMITH COAL,
in large or small quantities.
REDAND WHITE ASH ANTHRACITE COAL,
for stoves and CRATES, constantly on hand and 10
arrive, at Market prices.
An'nfA'i'' '0"A VIM. HALL CREW.
corner Seventeenth end Cary streets, and
Fourteenth street near Danville Railroad Depot.
rOUNDRY GOA L.-Ianding this
morning 100 tons superior LEHlGH FOUNDRY
LUMP COAL. d a,,a. haT q %, Snn
ia15-2t Eighteenth and Cary streets.
4 NTHRACITE CoAL.-Now landing
schoonsrs 9seEgs RepPsss sH and E ae9srss snd
sToVE sFe1s s'S o9ais sSaf Fhsss Goals
burn free and give general sahsJaSa1oPPo oPPoRERTs
o@cos corner Seventeenth and Dock streets, and
st the bookstore OF ]. Wall Turner, DO. ll4 MAIN
street. 20 -
GOAL AND WooD.-On hand and
sidfs x for 81 ofls Il r.
an 6S aSS PrsPsssd Sa aod to 1Ik ana aS Ps Pm
ONCE 1859 Main street, opposite oid Market
ana as yard. Nineteenth and Cay ssSses. PAGE
10 u I4s
WTOOD.-I desire to purchase, 1or
w Cash, several hundred cords Of T reasoned "a
OAK and PINE WOOD, to be sold at COST TO those
unable to buy at regular city prices. Unless tne
wo~d can be bought low 1t would hardly beworth
while to purchase. 1t must be within twenty. hye
miles of Richmond and upon either the hlGn.
mond and Fredericksburg, Central, OF DanVllle
road. ,,,uw p.pvpp
ia 11-1w W1LA1AM w. : A-sna--.
TOAL-BEsT RED ASH ANTHKA.
Ii CITE and MIDLOTHIAN B1TUmlNOUs ss
n or city to
Bituminous Lump. Liberal discount for large
quantities. -, Hpn = Wattina
de Slim
GOAL. COAL.-Now discharging per
I sehoonsrs Rappabannock, Clara M@srrics, Ne
and Gallagher, further supplies Of BED Asa naIs an
THRACiTE COAL, which has given such genera
Satisfaction. Said to be the finest coal mlneo.
Sizes for CRATES and stoves. - s,,,,ho, p,tr-
Also superior lump, average, ana smltns oAtu-
mihous ooAi' i'oA' 5. P. LATHROP, Agent,
ao,a R;ybtsenth street, south side Dock.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17
Steamers.

JULIUS A. HOBSON, Collector.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1868-01-17

rGUNDRY GOA IL Ianding tins
Il morning 100 tons superior LEHlGH FOUNDRY
InHp EnL9 s. q. HALVES,
successor 10 Samuel P. Hawes Son,
Ia 15 at Eighteenth and Cary streets.
The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-02-07
THE JOU RN AL.
The Fremont journal.

The signs of the times point unmis-
takably TO the selection of Gen. ULYs-
sEs s. GRANT as the next standard
besrerof the Great Union Party which
carried the country through its recent
fearful struggle with armed rebellion
seeking the nations life. TO him the
hearts and hopes of loyal men every
where instinctively turn, as the man to
give the finishing blow to treason which,
defeated in the field, is seeking to in
trench itself behind the Democracy Of
the North. Under his leadership the
Party of Union, Justice and Impartial
Rights viii march to victory as irresis.
tibly as marched under his lead the
Union armies to Richmond. During
the coming campaign we shall aim to
make the Journal a complete newspa-
per for the politician as well as for the
family circle, the farmer and the me-
chauic, aiming tosecure the advancement
of all measures conductive to the pros
perity Of our nation and resolutely and
earnestly exposing error, injustice and
oppression wherever they may exist.
The year 1868 is to be an eventful one,
and every family in Sandusky county
ought to take good Republican news
paper and keep fully posted in what
ever is going on. We shall, as hereto.
fore, pay especial attention to local mat
ters, and make it point to give every,
week complete report of the current
home news. Careful attention will be
given to the selection Of literary and
miscellaneous reading, such as short
stories, poetry, and extracts from new
publications. The paper will also con
tain carefully digested summary O
the news of the week, Congressional
Legislative, home and foreign, in short
it will be the constant aim of the pub
fishers to make the journal one of The
best papers in the State. Price o
subscription, $500 per year; $l.Oo fol
six months, always in advance.
The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-02-07
Inferesf Laws.

The bill before the Legislature max
ing ten per cent. a legal rate of interest,
when agreed upon by borrower and
lender, has been made the special order
for the second Wednesday in February.
1t is to be hoped that it will speedily
pass both Houses. The want of such
law hiss crippled the interests of the
state and sent millions of unemployed
capital further west which would other
wise have found investment in Ohio.
Now that contraction has ceased, money
will not bring more than it is worth to
the borrower, and we see no reason
why it's market value should be regulat.
ed by law any more than that of wheat
or pork. Our present laws are dead
letter, practically, and do not in the
least protect borrowers from extortion.
The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-02-07
THE oRHHN GREEK PRoJncT
Letter from a Dayton Enginser- Value Of
the Proposed Wdter- Power-
an Elaborate Opinion.


DAYTON, o., Jan. 13, 1868.
ssB. ANsDEs:--Dsar Sir-I have yours o
I'd inst. making inquiries in regard to water
pox er at Fremont. You wish to know how
much power may be derived (from Green
oreek) in a fall of so feet blythe application
of quantity Of water sufficient to fill ar
orifce % inches square discbarging under
the pressure of mean head of s. feet, the
water to be conveyed through canal :
miles long. ls9t u
The rate Of discharge of water through an
ori6ce % inches square, under a mean head
of 81 IT,, is equal to / 1896 cubic feet per min!
ute. With a well constructed canal Of fhe
capacity required the loss Of water by Leak
age and evaporation need not be more than
35 cubic f. per minute, ifthere are to be nc
leaky wooden aqueddcts on the canal. This
would leave 1850 cubic feet of water pei
minute available for Hydraulic power at
Fremont. The canal ought to be of sufficient
capacity to pass the water with a descent Of
DOt IDOTo Iudu V IuCuCb III WhVlO NAS~
tanee. The entire fall from the upper level
in Fremont 10 low water of the Sandusky
River would then be 49, feet. A further
reduction of lS inches must be made at each
division of the fall into separate mill sites to
provide for sufficient head above an over
shot wheel and for unavoidable fiuctuation
of the water in the tail.races. If the whole
fall is used ON one set Of wheels, the avail
able or effective fall would be 4S feet and
the power sufficient TO grind q 9s6 bushels Of
wheat in "a hours. Ifdivided into two falls
the effective aggregate fall would be 46l6
feet and would grind 1892 bushels of wheat
in "a hours; and if into 8 falls the effective
fall would be IS feet, and rate ofgrinding and
manufacturing into super6ne -four $500
bushels of wheat in "a hours. ~
These estimates are based on the supposi-
tion that the water is to be applied to over
shot wheels.
l have adopted the measure of power BY
the rate Of grinding wheat, because I con-
slider il Of more general application than sny
o'ner ieiiapie inOue "i'n ~nien g" AZ
qaA'n''u' 'nu esa''. use "e nA's' H =
1y'on' fenaoie .euDis'e u 'aiIS u''-'n1
Iom 'n.' nioue, fo' ssAn ' ~ :
iah "a = iee'-.Ve .ss' e.F''t1' a''
l4eo power 'ns. w'n sAnu ap1 nan
spre in'o nou1 IVY ~ ppsne.' A. - nVu1s =, - :.
OVV cuo'e ieet VI ws.sf pei h'pa in''
amour. u P0"e, ieauny eO%'nauu' sAry
rsn' ol SSoO--A iO~ ,as. " ,aiue a' e0Dpa'eu
"i'n s'eau poTer' ne ooi yvui Po"'.
" 'no ~ iu''' =" tia'''S' '''''' 1'N ''''- y
a. ioiiO"S' sfi is % r'
On one entire fall, ass ieet - ft'
The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-02-07
NEW PUBLICATIONS.

A New WORK BY HENRY WARD BEEcHER.
Among the enterprises Of the present year
is new publishing house, that of ]. B. Ford
d Co. The senior partner of this concern
has been for many yearsin the trade, having,
for the past eleven years, been manager Of
the subscription department for the Apple
tons. As the new house propose to publish
chiefly on the subscription plan, they are
evidently starting with fair prospects. The
work which they will first issue is Life o,
Christ, by Rev. Henry Ward Beecher and
it would be hard to find in this country a
man better fit, in all senses, to undertake
the writing of such book. 1t is already
under way, as may be seen from the annex.
ed letter from Mr.. Beecher TO his publish
ere; and, as it is to be issued in parts, we
may soon look for the regular announcement
of it
BRooKLYN, Thursday. Jan. 10, 1868.
j. B. Ford d Go. Geatlemen,-I am al
work upon the Life Of Christ, with all dill
gence, and shall press forward as fast as Other
CuBdkctuCbbc Will AdfC lObR COu-
templated this labor of love, and rejoice
that am permitted to begin thunder such
favorable auspices. .-.l % a
The materials are abundant. The difficulty
lies in selection. The last thirty years have
brought to the consideration of this subject
more learning and eloquence than were evel
directed, within the same space of time, tC
one subject. Our local knowledge, too. ba:
been vastly augmented by the scientific
Typographical explorations of the Holy Lend
At time when chill mist Of doubt is
rising over all the Sacred Records, from an
excessive addiction to material science, il
would seem that good service might be
rendered to religion by reassertiDg, in Ian.
guage and by methods congenial to the wants
Of modern thought, the Divinity Of our Lore
and Savior Jesus Christ.
HENRY WARD BEEoRER.
IN. Y. Tines, Jan. 13, 1865. ,-ser
The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-02-07
Building Associations.

The Toledo Blade, after mentioning
the fact that new Building and Loan
Association has been organized in To.
ledo. says:
"The practical operations of the Associa-
tion first organized has been SO satisfactory
that a large number of our laboring men
are desirous Of availing themselves of the
advantages of Ike organization. The first
Association has sold all its shares and its
stock has reached such price as to be prac-
tically beyond the reach of laboring men.
Hence the necessity of new organization.
Twelve organizations of like character have
been formed in Cleveland and we learn
through our exchanges that a similar move
nent Is in progress 10 all the larger towns in
the State These Associations are new 10
Ohio, the act under which they are author
lied bearing date Feb 81, 1867. Since the
passage ofIhis act the BiGde has endeavured
by free discussion of the organization, to
call the attention of the laboring men of onr
city and all who are interested in their vel
fare TO the importance and beni6cence of the
movement"
From the first we have urged the ad-
vantages of such an Association for
Fremont, directly to our working men
and indirectly to the city itself, and we
are glad to see that several of our leading
men are taking an interest in the matter.
The plan of the Association is simple
and will be readily understood by a
careful reading of the Constitution and
Bylaws, copies of which may be had
of Camfeld d Co, at the Postofice.
The members form themselves into a
society for savings, each pledging
himself to pay certain amount from
81 90 to SO 90 every month, accord
: ing to the number of shares he SUBJ
scribes, the highest number any men,
Der is allowed to take being ten, and
the lowest one share.
When the money paid in at 81 90 pei
month for each share and the profits on
the accumulated savings amount to
5000 for each share the society is to
end. In order to get the greatest
amount of profit possible from the
monthly accumulations ofsayings, they
must be loaned, bat instead of loaning
to any one who can furnish security,
the society loans only to members. The
monthly savings are put up at auction
and the member who is willing to pay
most for the money takes it, buys &
house and lot with it, giving the So
ciety a mortgage on the property. The
debt he owes to the society, with the
interest on it he pays in bis monthly
installments, they being increased only
by the interest on the amount of money
thus paid which would not exceed ordin
ary monthly rent, and the advantage il
that every installment paid goes towards
hessening the debt on his property ant
dnaking it his own. The formation o
Sueh society would benefit the city BY
making hundreds of men who now con
-titute our floating population, perman
ant residents here with interests identi
-f:al with the interests of the public.