The Emporia news. [volume] (Emporia, Kan.) 1859-1881, 1872-04-19

cannot be gone over in one newspaper
article. Your columns are Of course
open to further discussion, and in
them questions may be asked and an
swered. Any enterprise that cannot
stand the fullest Investigation, is not
TO be approved. But let investigation
be candid and unprecedented.
Benefts-These are already sugges-
ted. The workings OF the plan are
manifold. Take one instance. A man
has an income from his work Of SIS
per week, and he rents house ut 50
per week. He can save but very slow
~. He Il offered ehance to buy the
house. He must pay a few hundred
dollars down. he joins the Associa-
ton, taking five shares. He borrows
dive shares at 40 per cent. premium.
He gets 1875, which he begins to pay
back at the rate of CincludIng install
ments and interest) % per week, or 81
less than his rent. He has started up
hin, with 100 friends to back him No
two cases are alike, but all are benefit
ted, and none gain any unfair adYan-
tage over the rest. It is the mutual
benefit principle applied to its fullest
practicable extent yet reached. The
laborer, the clerk, the mechanic, the
merchant, the manufacturer, the far
mer, the maid and mistress, the poor
and the rich, can all be stockholders
and managers upon the same level, and
with an equitable share of the profits.
Industry and economy can reap their
proper reward, and all are given a
fair opportunity to succeed.
And the enterprise is not an expert
ment. 1t Is not very new invention.
Associations on this plan have been at
work for 10 or IL years in New York
and Brooklyn, with gratifying success.
Experience has almost perfected the
working details. Wlthin three years
they have been extensively organized,
and are in very successful operation,
In several other eastern cities. Or
Esnlzations upon plans resembling
the one here described, have also done
good service in various places through
out the country, and no doubt a num-
Der of your readers have been connect
ed with them, and can readily under
stand the plan now proposed. No
where are they more needed, and no.
where can they be more successful and
beneficial than In Kansas, where mon
ey Is scarce and interest high. Empo-
ria needs them. They ignore all dis
tinction OF race, sex position, or wealth.
They work independently of all out
side Influences, upon the intrinsic mer-
Its OF the principles involved. They
are for everybody, and as soon as I'M
lerstood, everybody is in their favor.
Our citizens to whom this subject |
has bean explained, have in every case,
after due examination, given it their |
hearty approval, To begin the work
without unnecessary delay, the re-
quisite number required by the statute, |
have applied for and will soon receive
q charter. They will also soon have |
ready Constitution and Bylaws, for |
public inspection. AS no person can
obtain any unfair advantages through |
these organizations, these gentlemen |
are actuated solely by commendable
public spirit. By the next issue ofTnE
NEWS it is expected to have the Char
Ter, Constitution, Bylaws, &C., ready
for publication. Meantime, it is the |
interest OF all our citizens to inquire
into the merits of the plan, and stake
'tock'' as their judgments may APP
prove. ]. r. GRAHAM.