The Ottawa free trader. [volume] (Ottawa, Ill.) 1843-1916, 1872-12-07
HOME MATTERS.
The Railding Association.

The Railding Association.
At the monthly meeting OF the "Ottawa
Building, Homestead aud Savings Association
on Tuesday evening, financial report was pro.
scented by DR.. Harris, tie Secretary, from which
we gather the following figures:
Total cash paid into the Association since II. organ.
iZation, sept l. ls'l, from all sources 49, ,sos3s
drawing sIockloilers ac...- t,C7
5000
cashIoAne1 10 date, daeiud.Hs loans a; last meet.
ADD to tbs amount premiums on !osns....... so,on
MY G!ye ,.s toial s',a''oo
ali. Gc..,.....', 5oascG
Leaves abaiance OF seJscs
Which shows the actual gains since the orsan.
Nation OF the association.
These gaiu- are to be divided between
5St shares that have been running 10 moa.hs
and have therefore paid IS each,
1lS shares, that have bee& running 10 months
and have paid s. each; and
i2S shares, that have been running 1 months
and have paid - each.
$50 Total No. shares now IN force
The exsct amour, OF the profit belonging 10
each IF these Ahare: is determined by system
Of calculation, somewhat complicated. but which
has been approved by long experience and 10
now almost universally followed by similar asso-
Citations at the east, ,of which there are thous.
ands,l but the details Of which system it would
be waste OF tine and space to give here. An
expert, however, has figured the profits on this
system ard Il uds the gains Of the
lst series Of stock ................22 per cent.
"a "a :::.:.. .:::.... j:
The present income OF the associations is q
,ras $500 per month.
When it is recollected that two months were
spent before any loans could be made at the first
org aniZatops, ard that three months were again
Lost to enaole the association to re-orsauize I'M
der the new law OF the last Legislature, the above
Rust be admitted to be = very fair showing for
what is splly lass than years operations. Even
1t the above rate II is apparent that the stock
will mature, that is, each share will be worth
$780, in less thsn years The expense attend.
ing the two Organization has been considerable,
as has been the expense OF printing bylaws, pro.
curing books, blanks, &C., nearly all OF which
will be avoided in future so that hereafter while
the association stands on a sure legal basic, with
trif,ing expenses and running smoothly, its gains
cannot fail +. be considerably more rapid than
they have been heretofore. While few, from
encouragement or for other reasons, are with
drawing from the association, the Secretarys
report sho wed that the number OF stockholders
is steadily increasing, the net gain since Sep.
TENDER being los.
The following, which We copy fran the Ed.
tors Historical Record in Hrper'S .Negasins
for December, shows the growing estimate in
which these associations are being hold at the
east:
| The experiment of building association is be.
ing tried in Cincinnati with favorable results.
! Those ia the old Sixteenth Ward alone are de.
veuping capital of over $3,50000o, which will
all be used within the next four or five years In
building homes, buying real estate. Getting men
up ia business. and IN every way helping class
ut men Who but Tor these benevolent institute
tious, would never own = loot OF ground during
| their lives. 1t la. bean said that fully one.
| fourth cf tn. muuey now being Invested in
Lu,nins assoc, tiou. used 10 BE- spent Tor liquor
aud it, ,ccnn %. y,n! vir-- IT This be true, they
h,v. accomplished = nod "od Bu, ia addition
they utfrr . {" ih>' sin'nt 'nr poor man TO
lay up his dul"r per week ~h,te II will draw
M interest that il .xceed by tina, derived
from the capital o, the millionaire.
|
STRAyED.-From South Or,aws, On Saturday
last, five colts--one Chestnut, yrs. old; one
Buy, 2 yrs. old; one Gray, yr. old; one Bay
sucking, and one Gray sucking, stripes in face.
Any person giving information at this Office
that will lead to their recovery, will be literally
rewarded.
The best Syrup for 700 per gal. IN the city to
be had at Riale Bros.
Call at ID. Heenan Il Cos. for bargains in fur