The workingman's advocate. [volume] (Chicago [Ill.]) 1864-1877, 1872-11-02

18Th Century. No other city " modern
times, San Francisco not excepted, presents
such an unparalleled record The swamp Of
1882, containing AZ, 900 inhabitants, has in 70
years, become in point Of commerce and popu-
lati0n the fourth city on the American Cont
nent- Her unrivalled geographical position
at tine head Of inland navigation aided by the
almost boundless prairies and network OF
railroads which pour their products into her
lap secure, her position Hers in no sphsmer-
aral growth. Her past record, grand though
it be, but family foreshadows her future
greatness.
To accommodate the ever increasing multi
tude which flock to Chicago from every por
\ tion Of the habitsble globe, residences and
places Of business must be built To enable
her working people to avail themselves Of the
advantages she offers, to eventually become
their own landlords and employers, COOPER
ALTON furnishes the surest and safest method
BY its agency and under prudent management
large capital can easily he secured foi effective
operations strikes, the bane Of work ingmen,
4 . curse W CuplOyot cHlpAoNCs dfOlOcu
and their labor directed to channel which
would prove a benefit alike to themselves and
the community at large. Those acquainted
with the history Of strikes, know that for the
past five years not one in ten have been sue
cessful. Capital can laugh while labor starves;
and even when temporary advantage has
been obtained, the price at which it has been
earned, has invariably deprived it Of any ap-
preciable value. The truth is. strikes either
by capital or labor are a relic 81 barbarism,
antagonistic TO the spirit Of the age and the
genius Of American institutions, and are dis
countenanced by every representative man in
our trades union organizations by men, too
who know their value and whose opinion
entities them to careful consideration
Among the most prominent institutions IN
our midst, for the purpose of making working
men self-reliant, independent and eventually
becoming their own employers, the Mechanics
Building Company Of this city deserves sspe-
cial mention. 1t was organized July lst
1872 has obtained charter from the State
is controlled by practical skilled, energetic
mechanics, and is now in successful operation
Its capital stock is $4,000. divided into
shares Of 500; 5000 payable down on
signing articles Of association, the balance
payable in weekly installments Of 50 90, until
the share is secured, when a certificate Of
stock is issued Nothing of a speculative
character is allowed to enter into its transac-
tions As soon the money is deposited, it
is invested in real estate, where the title is
unexceptionable and where the rise in proper
ty alone, will pay the stockholders hand
some dividend. Its Treasurer, the Hon.
John C. Haines, President Of the Fidelity
Savings Bank, is one of our wealthiest, old
est and most esteemed citizens, whose name
is guarantee Of its soundness and reliability
Upon the land so purchased, houses will be
erected and rented the rents received going
to swell the dividends or being placed to the
credit Of the stockholders, as the desire.
Houses will also be erected for pa, 80 owning
their lots on such terms as may suit their
convenience.
1t is also prepared to compete with con
tractors for all work on stores or dwellings
guaranteeing that none but picked workmen
are employed, and that they will be super
vised by able and practical men.
This enterprise does not confne its mem
beIship t. those engaged in the house-build-
ing line, but cordially invites the cooperation
Of all trades, as the benefits arising from ali
investment will he distributed equally among
all classes Of stockholders.
Another and very important feature III its
management is that preference is at all times
gwen to its stockholders who desire employ
ment, 10 outsiders, tins comforting double
advantage, enabling them to become their own
employers, well as participate IN the profits
aecruing from rise in real estate.
Parties DESTROYS OF joining, can secure certi-
hcstes by calling at the Fidelity Savings
Bank, South east corner Of Madison street and
9Th avenue At the office Of the company
Al West Washington street, where all desired
information will be promptly furnished. As
already stated, the capital stock is 100, 900
and can he with little effort increased to ten
times that amount. Among the TO- 900 work
men employed ia midst. there should be
at least 900 or 10, 900 Of that number pre-
pared t. take shares each, which amount
number Of them could easily spare. BY 50
doing they could inaugurato peaceful revo-
luton in the building trades, transfer it from
the hands of middle who make their
living by robbing labor, to where it rightfully
belongs, in the hands Of intelligent. practical
mechanics We may state evidence
that the scheme les both feasible and beneficial,
that the value Of the investments made by the
company, who now erecting several build
ings, has Increased one hundred fold since it
commenced operations