The Portland daily press., 1871-11-27
WOrking-Men's Homes.
FROM MIR. QUINCY's ADDRESS

"OfhihS-Men>S Homes.
FROM MIR. QUINCY's ADDRESS
This Association proposes TO bnild fev
houses OF a better class, which if erected
slngly would cost $4,000 each, or S1OO.O 600.
assuming that there would be a discount OF
twenty-five per cent, as / am assured by
builders would be the case il contracted for
together, the cost would be $4,000; of this
each member pays down 5000, or $4,000 in
the aggregate, reducing the amount required
on mortgages TO S65, 600, or about two-thirds
OF the value of the houses if erected snely.-
assuming that you obtain the money at sew
EN- per cent, and receive interest on your de-
posits as before. According TO the following
statement, the debt would be reduced in two
years to one half of the value of the houses.
estimating them at the cost if erected sinely.
and the whole debt extinguished in little
more than six years:
Build fifty houses at 81, 500 each. ......s SIX ooo
Pay $500 down each house. e...............S SiOO00
$4,000
FIRST YEAR.
Rent of each house at 50 per week, or
$3.50 year, is. ...............S SI30G0
Interest ON deposits, say per cent. 800
Less interest on 600 at per- cent. 1850 $50
s56lCo
SECOND YEAR.
Rents and income as before. go. .si339O
Less interest on balance of loan at
percent. .'....... 1891 945q
u,nr sie,7Oi
Rent and income above. ....s133a0
Less per cent. interest on balance
OF Ioan ....,..................... 3269 Sf0121
,.-.. ss658o
Rents and income asabove. .......Sf33oO
Less per cent. interest ON balance
OF l0an ACKNOWLEDGEMENTS. 2,560 SO $50
s25,75O
Rents and income as above 80. S1339O
Less per cent. interest on balance
OF loan ACKNOWLEDGEMENTS. 1902 sii,5sS
s14,lc2
SIXTH YEAR.
Rents and income as above. ...... S13390
Less per cent. interest on balance
Ofloan n'.....".................. ssi si2,sS9
sl,763
SEVENTH YEAR
Rents and income as above. .......Sl33OO
Less Z per cent interest on balance
Vi oih' OBSERVATION-DISCLOSURES. 123
. Surplus: ;...........s sI3,cGl
And debt extinguished.
When location is selected, and arrange
ments made with the railroads for free tickets
or reduced fares, and not until then. the
members will be called upon for an assess
ment to pay for their house-lot. which will
not exceed the amounts proposed. Each
member will receive deed and give a bill-of-
sale mortgage on his own house for the
amount he requires,-in one of the before
mentioned cases for nine aud in the other for
thirteen hundred dollars,-the money to be
received as the work progresses, so as to keep
the lender always secured. In addition to the
individual responsibility of the signer of the
note the members Of the Association agree to be
Jointly and Sererdlly responsible that the debt
and interest, IN the shape Of rent, shall be
PAID regularly on each and eUery note at the
times and IN the amounts agreed.
In case of neglect of an individual the
bank would at the request of the officers of
the Association, sell under the mortgage, the
purchaser paying the surplus if any, to the
original owners. Such an arrangement would
require the bank to keep but one account un-
til the end of the year, when the interest
would be deducted and his proportion of the
surplus OF the deposits indorsed ON the note
of each individual
As by this plan no member parts with his
money until he has a deed of his house-lot,
and as the payments of rent are made direct
ly to the lender, there would seem to be hard
ly possibility of loss.-FrOm Old and Neic
for December.
REMOVING LARGE TREEs.-When it is
desirable to move a large tree, the depth of
winter when the ground is frozen, should be
chosen for the operation. Not only decidu-
GUS trees, but any kind of evergreens, even
hemlocks, the most difficult to remove, may
be safely transplanted at this season. 1t is
obvious that the time to prepare for such
work is before the ground becomes frozen.
A trench should be dug around the tree suf-
ficiently distant from the trunk to leave un-
touched a large mass of the roots, and suf-
ficiently deep that they may be undermined
without being disturbed. 1t should then be
partly filled up with leaves or coarse litter,
which will preserve the bottom from freezing.
In FEBRUARY or March, when the frost is most
severe, the litter may be taken out, the tree
completely undermined, and the frozen mass
OF earth around the roots pried out of the
hole and placed on a stone-boat. 1t NAV
now be conveyed to its new home, which
should have been prepared and protected
from the frost. Sufficient earth from the
surface or from some rich spot should have
been placed in the hottom of the hole, the
tree planted on this, and the hole filed with
similar SOIL When the spring arrives the
tree will settle into its place without further
care, except perhaps little filling up, and
will be improved rather than Injured.
COULD DO BETTER.-It is related by dis
tinguished attorney that few days since his
gloomy Office was entered by very charming
presence, which, on looking up, he discovered
to be lady. She was very young, very pref
ty, and, of course, bewitching.
"Are you Mr.. -, the lawyer?" she
asked.
"Yes, madam; pray be seated. In what
way can l serve you?' asked the lawyer
blandly.
81 want a divorce, SIR"
'You want a divorcev' cried the astonish-
ed counsel; "why, who in the world could
have the heart to separate from so beautiful
lady?'
mo one that know Of 1t is not the
man that wishes to leave me, want to leave
| the man,
''Oh, perceive; but why?''
| swell, nothing in particular; but, to tell
the truth, l can do better''
THE House AFIRE.-A gentleman once of
fered to bet that he would empty the whole
of good winter fire in drawing-room out of
the CRATE, and place it upon the carpet in the
center of the room all the company to be