Evening star. [volume] (Washington, D.C.) 1854-1972, 1874-09-03

II.
The meeting called 1t Marini's Hall last
evening for the purpose Of forming new build
ing association was largely attended. MT. j. j..
Edison called the meeting to order. DIR. = How.
ward was called TO the chair, and Mr.. Econ
was elected secretary.
DR.. Howard spoke of the advantages OF
building associations. Through them many
now are owners of comfortable houses, and
are not required to pay rent. He conerstulated
the meeting on the large attendance, and
many being known to him IS building associa-
ton men, showed that such associations Gre
appreciated: Several plans have been worked
on In this District and he, as also many present,
belieyr. that ~ :. lucrative plan was the best.
Mr.. Norheet followed, saying that the adj
vantsges were apparent He noticed the pros
ton, which had been in existence nearly eight
years, and loaned out about $500 900. About
four years since the Franklin was for med, and
about 500 900. All present knew the advantages
which had resulted. The Washington might be
said to be winding up and the Franklin was
Sohg W S1s sasoe seemaa 70 De
Ing mad d been called IL moved that com
ton and report on MohdSy night next.
Mr.. j. A. Prescott saw no necessity for post
ponipg the meeting to Monday. His experience
was that II was best to elect officers the first
night He moved that the constitution of the
Franklin Association be adopted.
After some debate, Mr.. Norfleet moved that
books be opened for subscription of stock at
the offices Of j. j. Edison, N. P. Callsn, and at
such other places as the chairman may select;
Mr.. E. G. Morgan suggested that tse commit
tee NIX the nominal value of a share a. $500 and
dues at 81. 80 per month, so as to wind up the
association in five years.
1t was suggested that this matter would be
con sidered by the committee.
Mr: ID. s. Vose renewed the motion made by
Mr.. Norfieet to appoint a committee on consti.
tuition; which was adopted.
Mesers. Thomas Norfeet, ID. S. Vose, John E.
Thompson, j. j. Edison, and E. Allen were ap-
Mr.. Norfieet moved that the secretary publish
list of locations where subscriptions may be
left: adopted.
Messrs. vose and Norfleet explained that each
share represented 81 900, on which a party paid
$3.50 month. If he bought out at so per cent.
ne would owe the association 81 500, and would
De required to pay monthly 1-120th part OF this
sum s12 80, and $3.50 on his stock OF this
amount IS SO goes to his credit, as also his
STOCK ANY one, by simply adding the percent
BY 10, can form an idea as to what it will cost
70 borrow, adding in, Of course, $3.50 for each
The following were appointed to receive SUBJ
scriptions for stock: Edison Bros, III q street
northwest; Charles +. Prentiss, cashier Ger
man american Savings Bank, corner and 7th
A. L. Sturtevant, Treasury department.; Chas
D. Bailey, secretary gas Office, 10th st.; Thomas
Norheet, saddler, corner 18th street and Penn
sylvanis avenue; VIM. Dickson, Az street, ne ar
Pennsylvania avenue; H. II. Blower, General
Land office; NJ. P. Callan, 6l5 It'll street; H. W.
Twombley, government printing Office; W. Pr
Thompson, corner 9th and NJ streets; Geo. r.
Thompson, corner 10th and North sts.; Wm
II. b. Kitson, War department.; A. s. Vose, Ad-
Jutant Generals office; G. w. Fisher, Union.
town.
Adjourned to meet Monday, September It'll !,
at 100 O'Clock. at Marini's hall, when IL is ex,
pected the committee on constitution will re-
port, and permanent organic alton be effected.