Nashville union and American. [volume] (Nashville, Tenn.) 1868-1875, 1873-04-19

..rhe -worA Coos BraveIy on.n


ssThe work Goes Bravely On.n
IThe following article was crowded out
of our yesterdays issue.
The articles on the subject of Building
Associations which have appeared in the
columns of the UNION AND AMERICAN
are attracting great attention on the part of
the young men of this city, and a large
number of names have been sent into this
Office of those who desire to join the assO-
citation which it is proposed to organize in
Nashville.
The following communications on the
subject have been sent in, together with
others. The names of the writers we with
hold, but they are among the most enter
prising and active young men in the city:
NASHVILLE, TENN, April II, 1879
Building Association will not only be-
come member of the contemplated build
ing association, but promise to aid with a |
my might its speedy organization.
l would suggest as the most speedy and
expeditions plan for some one, two or half
dozen take hold of, and give it form and
shape by adopting laws, rules and regula-
tions subject to such amendments and
notifications as the association may see
proper to adopt af er organization, then
publish said laws, rules, etc, and open books
for subscription, and believe all the s ock
will be taken in twenty-four hours; allow
no one to take more than one share, thus
placing the poor and rich on an equal foot
ing. Very truly, -. =
NASHVILLE, April II, 1873. --"BuildiDg
Association:"-The editorial in Wednesday
mornings issue of the UNION AND AMER
IcAN ON Building Associations" is warmly
endorsed by large number of persons in
Nashville. There are two thousand or
more men in this city, mechanics, profess
sional men, merchants of small incomes,
bookkeepers, Clerks, etc, who, although
needing homes and payi0g rent for pl ices
TO live, are not able to build themselves
houses, but by clubbing together and form
ing Building Association could erees for
their members a dozen or more houses
each year, each being benefited in turn.
The subject is being quietly talked up, and
definite steps will soon be taken toward
such an end. 1t is proposed to form an IS
ISOLATION with five hundred members, each
subscribing for one share, on which he or
she pays five dollars each month, the money
to be loaned, as soon a. collected, to mem.
bers of the Association, and for building
purposes only, at ten per cent, and subjec5
to such regulations as the Association may
adopt. Not only will this benefit
men of small means and families,
but young unmarried men and women can
be buying themselves homes against the
lime they will want them, and the invest
ment will be so small they won't feel it.
Nothing definite has yet been done. The
men who are canVsss,ng The subject meet
sympathetic assurances at all hands. The
writer, with very limited circle of acquaint-
ance, knows a dozen or twenty men, six in
one Office, who express their desire to be-
come stockholders, and we have no doubt
but that this one effort 10 mutually benefit
our fellows will meet success. There is
now in the city small association for this
purpose, numbering bat twenty Or thirty,
who have, since November, 70, the date Of
their organization, built one house and have
another building.
'sI4ittle drops of water, little grains of sand,
Make the mighty ocean, and the bounteous land"
We would be glad to have the matter
talked over, and any suggestions or COM
ments are In order. Soon as some Inform
alton concerning the workings Of similar
associations in other cities, which has been
written for, is received, meeting of those
Interested will be called, facts laid before it
and an organization effected, if possible.
Thanks for your valuable space so cheer
fully rendered. T.
NASHVILLE, Tenn, April II, 1873.-
Building Association "-UNIoN AND
AMERICAN Office-Dear Sir: In reply 20
your communication in this mornings pa
per drop this line 10 cay that it is likely l
would be glSd to go into and CO operate
with any well-organized association gotten
up upon the principle suggested in the edi-
torial of yesterdays UNION AND AMEH-
CAN, and do not doubt that there are sew
eral others connected with this establish
ment who would also like to go into It. 1
have long thought that such a movement
should be inaugurated here, and trust you
will pursue the subject far enough to find
out what is the opinion and desire of the
hundreds Of young men in our midst, who
are barely living on small salaries with no
prospect of ever becoming property holders,
unless something of this,kiEd can be done
to make their limited savings available to-
wards procuring homes. The moneys ex-
pended by this large and respectable class
Of our community for rents, if properly ma
nipulated and utilized, would soon make
every one of them househo'ders instead of
house-renters.
Urge On the enterprise; we are with you.
Yours respectfully, -
There were number of building asso-
Citations in operation in Nashville before the
war, but of course that event effectually
destroyed them. 0ne was organized last
fall, and is nog in successful operation,
although it has been conducted on but a
very moderate scale. The writer has been
| furnished with copy of the rules and regu-
lations which govern this association, to-
gether with a communication on the sub
| jeet from one o the officers of the organize
ton, which will appear in this paper to-
/ morrow.
Copies Of the constitution and bylaws Of
a Building Association in Buffalo, n. Y,
| and another in St. Louis, have been written
for, and many valuable hints for the iorms-
| ton of similar association here will thus
| be obtained.
Short communications on the subject are
solicited, in order that it may be fully ven
tilated and brought before our citizens, as
it is quite evident that all organizations of
| this character not only benefit individuals,
but are of material advantage to the city.
Every enterprise calculated to enhance the
prosperity of Nashville, will always find a
ready advocate in the UNION AND AMERI-
| CAN.
Address"Building Association"this office.
United States Internal Revenue De-
NEUTRALITY-SUSPICIOUS., etc.