The Saline County journal. [volume] (Salina, Kan.) 1871-1893, 1871-07-13
SALINA. KANSAS.
BUILDING ASSOCIATION,

BUILDING ASSOCIATION.
Have the people of Salina taken un
Reconsideration the advisability of or
: -srnizing a building association: Ger
tainly something Of the sort is needed
The demand for the rental of building,
in the city is not especially urgent Al
this particular period, though it is moi
questionable that a couple Of dozens Of
new residences would find ready occupi
.ers and q few business houses be equally
5 sure to be filled. But when cooler wealth
er has come again and immigration SCI
in afresh, the demand for them will be rs
great as it usually is during the fall and
e,winterseasons. 1t was hardly for love
sormoney, the past spring, that stranger
was able to secure any kind of house
room, and as for obtaining store room
it was almost wholly out of the question
Men came and went away for the sole
reason that they were unable to find a
covering for themselves and goods, and
thus large amounts of capital and many
good citizens were lost TO rs.
311 1t is one of the f;ailings of human ma
ture to, be selfish in their worldly trans
actions. People embark in any business
or enterprise alone for the profit they ex-
rect to gain for themselves. So, it would
not be unnatural if the citizens should
wish TO know what benefit and profit the
organization of a building association
would be to them personally. In the
erection of buildings in the city of Sa-
lima and its general improvement every
citizen owning property and doing bust
mess in it is interested one with another,
and should we succeed in augmenting our
population one to five hundred through
the kind offices of an association good
work will have been accomplished.
Then, again, SO far as our experience ex-
tends, building associations have always
proved remuncrative Investments and
the men who have taken stock in them
have been well paid in individual returns.
If the association is started systemati-
cally, with responsible and trustworthy
men at its head, there can not be loss.
Junction City, our neighbor, is indebted
very much for her present size and pros
perity to the thorough working of her
association. One plan of the association,
and that generally adopted, is to divide
the capital stock into shares of certain
amounts, on which stated installments
are paid or assessments levied, according
to the rules of Incorporation and order.
These receipts are converted into lots,
building material and labor. The build
ings are sold, rented and disposed of in
one way and another. Oftentimes the
property is retained in the hands of the
members and to poor men is Il God-send.
rrrcy are enabled to make payments as !
their wages for daily labor will permit,
and SO they secure homes where they 9TH
erwise would have been the tenants of
some exacting landlord. Mechanics can
pay for their stock in work and business
men for theirs in material, &c. Another
mode for disposlng of the funds is to of
fer them for the highest premiums, stipu-
lating that it shall be employed for build
ing purposes alone and securing it on
tirst-class real estate. In either plan the
are paid their pro rata ofthe
dividends as regulated by the rules.
Perhaps what have been said here will
be Stoves labor lost" but we hope not.
We care not specially about any plan we
nay propose but what we do desire is to
create a sufficient interest among those
who have the welfare Of Salina at heart /.
10 induce them to act in some way that
will satisfy the requirements of our city.
We need more buildings to accommodate
he citizens already here and tho incom-
ng settlers. We want cheaper rents.
Through a building association the peo-
pie, while improving their city, are max
ng fine interest on their money loaned, I
o say the least. |,
RKH FACFN-APPLY FuR RHUGnY- .