The Cecil Whig., 1869-02-27
LOCAL AFFAIRS.

Building Assoeiations.-The impulse
which this species Of cooperative enter
prise Is receiving at present in our county
IL one Of the most healthful signs Of the
times These societies have been in oper-
alton in our principal cities for number
Of years and legislative enactments have
been obtained, granting them SPECIAL priv
ileges denied to other institutions establish
ed for the control Of capital; and SO popu-
lar have they become, that they are looked
upon rs among the most potent means for
providing homes for the million who with
out this cooperative system would be COM
PEELED to remain renters, perhaps all their
lives.
Elkton was the first town in the county
to organize a Building Society, quickly
followed by similar one in the the thriv-
ing town of Port Deposit. An effort was
made to organize ono in Chesapeake City,
but we have not been informed that the
project succeeded there. If properly man.
aged there is no reason why it should have
fallen through, if it Unfortunately has been
Abandoned. Cherry Hill next followed,
and organized the third Association; now
We have North East following with fourth,
with every prospect Of speedily being in
full operation.
Rising Sun Is fourishing village, and
there is no sufficient reason why the enter
prising people Of that neighborhood should
be behind their neighbors in adopting the
means to build up and increase the perma-
nent homesteads of their most useful citi-
Gems, the honest, laboring men Of moderate
means. These cooperative Associations
present the only possible means to large
number Of men, by which they can ever
hope to command sufficient capital at one
time, to secure permanent home. The
fact that the loan is liquidated by the pay
ment of small sum monthly, termed dues,
secures the borrower from the heavy debt
which remains unpaid at the end of term
Of years under all other modes Of borrow
ing, thus insuring his ultimate ownership
Of the property beyond peradventure.
Tho modes of conducting these societies
differ considerably. In some, the borrow
ers bids certain amount as premium for
| the loan, which is deducted from the sum
he borrows and gives his obligation to pay
interest on. Other societies pay the full
sum bid for to the borrower, he obligating
himself to pay certain monthly install
| ment ~ premium for the loan. The Cherry
Hill Association has adopted this latter
mode, which We think is a desided improve
ment on the old plan. Cooperation is the
solution to the great problem which is
searching to discover plan by which the
laboring man can reach that easy and indie
pendent condition, which the command of
capital alone can insure him. Nothing
gives real property value SO secure
against fluctuation as a permanent and
thrifty population in the neighborhood of
that property. Where such a state Of So
ciety is found, good government and good
neighborhood are found surrounded with
every blessing which makes life most enjoy
| able.
Fire.-A destructive fire occurred at
Chesapeake City on Tuesday morning last,
about one o'clock. The fire broke out in
the hotel of Mr.. William Thomas Emmons,
and destroyed, before the flames were
subdued, nine buildings. All of the house
hold goods Mr.. Emmons and Mr.. ]. NJ.
Broadway family, including their clothing,
were destroyed, and tho children were res
cued from the flames by getting them out
through window. Mrs. Broadway had
about $500 belonging to her brother, Mr..
Emmons, in her possession, which was lost,
the money being in one of her dress pock-
cts. The fire originated in the hotel kitcll-
en-, but we could not learn the Particular
Of its origin. A strong west wind at the
time communicated the flames with the
storehouse of Mr.. Jas. H. Young, which
was wholly destroyed, together with about
$1,000 worth Of goods Mr.. George W.
Bennett lost three houses, one a double
frame, and a smithshop; the latter was torn
down to prevent the progress of the fire.
Mr.. John Smith, German, lost double
frame dwelling. All the buildings destroyed
were frame, and the fire seized upon and
consumed them before it was possible to
do anything toward checking it.
When the flames had reached the smith.
shop, which had been torn down, the wind
shifted, and this, together with the removal
Of combustible material from its track,
checked its further progress.
| The loss to the sufferers by the fire is
doubtless very severe, and claims the warm.
est sympathies Of the community in Their
behalf
The property destroyed was covered by
the following insurance in the Cecil Com.
pany, which, however, covers but small
portion of the loss sustained On the hotel
building, $670 no insurance on the per.
sonal property, which belonged principally
to Mr.. Broadway. On the store goods Of
]. H. Young, $500, with no insurance or
the building. On one of Mr.. Bennett's
houses there was an insurance of $400. On
Mr.. John Smiths double frame dwelling,
insurance Of 500.
On Friday Of last week, barn and sta.
BILE, belonging to the heirs Of Richard II.
Bayard, situate near Chesapeake city, took
fire, it is supposed, by spark from the
dwelling, and were entirely consumed, to.
gether with their contents, consisting of a
large quantity of grain and farming uten-
| sils. There was an insurance on the build
ing, in the Cecil Company, of 800.
The Machine Shop Project.-The conn.,
mittees appointed by the meeting which
was held on Thursday of last week, for the