The Fremont weekly journal. [volume] (Fremont, Sandusky County, Ohio) 1867-1877, 1868-01-10
Rnildine Associations

7z.-Esa'as ..'-'--7-
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Building Associations Il There arr
many res9ogs Why persoas v'st,Ips t7serYre
homes but are duab,. t1aoi ID ios va, Of
/ funds, should become rnqpters q Buld-
inf Association. Without ccspyings space
in pointing out the benefits the city, tae
lab RUG pan Rh, fluids il. all he eau ~ls q"
support bis family and payAR 'sUat 4 Isnt-
and those who need NJ help from such source
would ,eceive frolu the successful operation
of tue associstiou, we will immediately y pgo-
cerd to lay FIRE the readers" of the Journal
. few tiyueS and lei ii,em Judge for them
selves
1t is iu,pos>ible. 10 iurm an accurate cal
custion as The premiums will, very likely,
vary Que way or the other, but W. eau come
near enough for practicable purIesss.s The
stock consist, Of 1000 shares of $500 each,
giving the ASSOCIATION 100 members, eSch
taking et, shares, the highest pumb-r al
lowed ta A.disi iHal. Taking this numb, r
of Stockholders, ~ a bass, will give the same
result as though figured frem the various
numbers OF shares taken by a larger number
of member as they natur,lly will be our
estimate is made ON The hasis that 50 PEI cent
Of the member lake loan. ayieg an. ayer-
age Of 30 per cent prriniurh s'rhis runs
out the association IN 81, years. and the
I
member ~ halskcs ibe first o,n pays int" the
association in g wars .p,e sum oi $2040,
and having rrceivei Sll60, Rlia amount of
his stock less the 80 Per cent. prem leav-
| ing balance of 500 his credit in excess of
debit, or IN other words, he has Il id 500
installnientiu g. Z years for the use of Sl400,
or little less than 80 per cent. Ths second
member pays to The association 5000 and
insisllment amounts 10 S63q. Each success
i've loan increases the iotSf 'amount paid in
monthly Just $40 e 1Iss,i,si sssgR
| 1t will be seen here that the association
lacks 500. of the required amount TO loan
$l4OO each month, but by looking ahead it
viii be seen that after one half of the so
per cent. of members shall have taken loans
there is then enough, after which the in-
crease each month is as much greater as it
was too little uuiil the so per cent. have all
taken loans when it amounts 10 $400 more
tual result as though loaned every month
! That is, e association esnpot loan Sl400
per month on an average I'LL after 40 per
ceut. Sf them have been taken when it will
then exceed that smp as much as it fell
short before.
Now, that ali the loans are taken of the
| so per cent. of the members, how does the
association stand?
50 per cent of the Deab will have paid sIs, 800
20 10000
roia smour' psic IN in s3l yearF. -----S Sl52 900
Tot1' @m-0nt drawn out by seeSoPF c'ntr stI2poO
1 Leaving ia th- Association to he dyi'ed
among the 20 pc; cent. i.-----.--------s 1900
Giving each Que his full shqie $4,000, or
a net gaiu Of $3.50. -7ess
Now let US see hos, be last of the so per
cent g,ts bis benefit In Sls years be pays
TO thspssoc,at on SI250. He has had the
use of SI400. for one year and ten months
and paid $3.50, less than he actually had.
L. E d L. Railroad Extension -
Fremont is just waking up TO a realization OF
the fact that her neighbors out-stripping
her in growth and prosperity. Two pro
| iects are now under consideration, either OF
which will give us new lease of life and
both of which ought to he backed up by the
money and influence of our citizens. The
Green Greek Improvement is in good hands
and will undoubtedly carry unless some new
and unforeseen obstacle is interposed. The
extension of the Lake Erie & Louisville
Railroad from Findlay TO Lima, TO meet the
Pittsburgh, FL Wayne q Chicago Dad at
that point, has also been unde- consideration,
revived this time by the extension party in
/ Find ay, which has been constantly grow ng
in strength until now it comprises most of
the live business men of the town. The
completion ofthe Road would place Fremont
III direct communication with another of the
great through lines between The East aud
Wos', bringing to our harbor the products Of
a wide stretch of country which pays no
tribute to now ard confering the thou
saud other benefits which always follow in
in the wake of railroads.
The adjourned meeting of the committee
appointed at Findlsy to considerable pro-
priety Of raising inesns to prepare the road
below Fiodlay for non, held its session here
last week and propounded the following
questions to DIR. RAwsoS, and are to meet for
furthsr deliberations soon:
QUESTIONS
| |. How many miles of Road has the
Company now completed? sH #
| 3. What wasthe original cost Of complet-
ing this portion of the Road?
3. How much rolling stock has the COM
| pany, and its present estimated value?
a. What amount of money has The Com
psny expended between Fiudlay and Lima2 ?
5. What amount of money has the Com
psny expended between Lima aud Union?
| What is the amount of the bonded
debt Of the Company, and Under v hat or
gsnization OF the COMPANY waspt establish
ed? JLttttsf tfEil SO AZ
| I. Is there any other bonded lien upon
any Of the CoDpany's property2
.. What is the present floating debt Of
the Company7
3. Is there any other indebtedness ef the
Company not properly included in The fufe-
going enquiries, and if SO how muob?
| TO- What were the net earnings Of the
Road during the year 1861 as nearly as
can be approximated?
IL. What is the present amount of stock
issued by the Company What parties hold
it. and how much each! itt'f l5
u Who are the owners of the bonded
Indebtedness, and how much each?
-. is if probable that the OWNERS of the
stock and the bonds Will 80 arrange that
parties bringing new money to the Company
may stand ON an equal footing with them
comparing money with the value of the pre-
| sent investment in stock and fonds Of the
Company. c. IL. BELL,
E Z. JoNEs,
JAS II. EAroN,
Eafr WM DowLINt4,
Committee
The following is the reply Of DR.. RAwsoN,
TO the above questions: 81, t-s-z
\ LAKE ERIE d Bou1svILLE r. r. OFFICE,
Fremont. Jan. g. 1868.
Messrs. q. ii BELL, i. p. JONES, JAS. Ii.
EATON and WIN. DowLIKe: 81 &
SIRs:-I received your note of Dec. 3lst,
containing a large number of questions in
relation TO this Company. You will fiud an
ewers to many of your questions in the last
published report Of tins Company, which
you have 10 your possession, which it is un-