Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-04-29
BUILDING ASSOCIATION.
The Meetiug Last Night.

a m66IlDS Vi GuOSo luDcTOsI6u III Uu0 Or
ganization Of a mutual house. building asso-
citation in Nashville was held at the Council
Chamber last evening, there being a very
encouraging attendance.
On motion, DR.. Lee, of the UNION AND
AMERICAN, was called to the chair, and
John T. Bell, also of the UNION AND
AMERICAN, elected temporary secretary.
Upon takirg the chair, DIR. Lee briefly
stated the object OF the meeting, and dwelt
upon the great good to be accomplished by
combined effort in any pursuit or enter
prise. By forming ourselves into an
organization for building purposes
we each have the knowledge, the industry
and the capital of all combined, and our
success will be proportionate to the degree
of industry, integrity and economy with
which it is pursued. We eau buy building
material cheaper, by buying it in larger
quantities than single person of limited
means can do, and tue organization of soci-
cites OF this character tends to encourage
economy on the part Of the members of
such societies. Schools are better now
than they ever were before, because there is
an associated effort to cultivate intelligence
and efficiency. Teachers are better quail
flied for their profession pow than they
were twenty-five years ago, and they
will be still better qualified in twenty-five
years from this time, and this will be the
direct result of associated effort.
On motion of Mr.. John B. Morris the
secretary read, for the information of those
present, the by-laws of Building Associa-
ton in successful operation in St. Louis.
Col. Colyar being loudly called for, he
said that he was not acquainted with the
practic workings of associations of this
character, but he was satisfied that, prop
erly managed, they would result in great
good to not only the members of those as
s0ciations, but to our city. He would en-
courage this enterprise, mainly because it
offered an inducement to certain class Of
men to save money by providing way in
which small savings can be utilized.
There are but very few men who
realize the Importance Of small savings.
Until a man begins to save money, he
don't realize how easy it Is. The speaker
had been spending few weeks in Pennsyl-
vania and Ohio, among men who have made
large amounts of money, and be found that
nearly all the successful of that section have
made their money-in some instances
amounting to millions, by commencing TO
save in small way. But very few msn in
this country have the money now his
father gave to him, for where fortunes are
left to young men, they
almost invariably run through
with them without accomplishing any
good. In this matter of war between cap
ital and labor, of which so much is read in
the papers, be thought it was great mis-
take on the part of laboring men, tor it is
- n, I,at ba 1orf of tho
capital of to-day will come into the hands
of the children of the present laboring men
those who are now understood to be war
ring against capital. The men who sue
coed ia life, are the men who start from
nothing. The man who controls the most
capital in Pittsburg, on the river below as
far as New Orleans, and in the cities above,
was actually digging coal by the day, thirty
years ago.
Col. Colyar was followed by Messrs.
John Coltart, John B. Morris and T. S.
Ford, all of whom spoke directly to the
point.
On motion, the following named were
appointed committee TO draft constitu-
ton and bylaws, to be presented at the
next meeting: Messrs. Wallace Colyar,
John B. Morris and j. Nj. Thatcher.
On motion of Mr.. Morris, the cost of the
shares was fixed at $500.
The following named then subscribed
themselves members of the associa-
ton, provided they are suited with
the permanent organization after
it is effected: j. III. Thatcher, T. s.
Ford, j. Creighton, P. Byrne, j. B. Morris,
Z. j. Morton, B. NJ. Hawkins, E. ]. Wilson,
G. D. Thomas, F. S. Menier, John Col
lart, Joseph P. Cozzens, John NJ. Arnold,
W. M. Barry, j. t. Mckenzie, A. S. Col
var, J. L. Shafftr, John R. Creighton, T.
L. 'Dufee, John W. Atkins, J. B. Hender-
son, Chris e. Griffith, 3, w. Shaffer, Jr.,
E. Way, Thos. j. Halle, w. Colyar, John
T. Bell.
On motion, the meeting adjourned, to
meet next Monday night, in the Council
Chamber.
Persons having bylaws Of building or
loan associations, will confer q favor by |
placing the same in the hands Of Mr.. Wal
lace Colyar, who will be responsible for the
same, and will see that they are returned |
when desired.