The star. (Cincinnati [Ohio]) 1874-1875, 1875-04-03
$243,0O0


1t will be seen that the income Of the
Association for tho eleventh year is over
double that of the first year, while the
payment by the members is the same.
Those who have contributed half dol.
lar week have paid in $312 each in
twelve years. The shares of the aggre-
gate accumulation for that time are
S607 80, so that each has SPOT 80 after
canceling his note to the association.
Each owner of his own house has saved
rent for the average time Of 1ve years
equal to 5000, at $12 month. Deducting
$40 year taxes and his saving in rent
Is $3.50. From this deduct his interest on
the note $50 year, making s165 in five
and half years, and his clear saving is
1886 by living in his own house. This is
$78 more than his entire investment in
the association.
We may presume that he has added all
this saving to the S4O0 he bought of the
association and built house costing
about $500, which with the lot is now
worth at least $1,000.
Why not become an Independent
HORSEPOWER when it costs nothing and
makes money besides: Why not lay the
basis for less toll and for certain shelter
and support after age or enervation hat
| rendered work more pain full? Did evel
any one feel like q freeman in rented
house?
There need be no doubt as to the
safety of such weekly investments. L
is not possible for any scamp to rur
away with more than four or five hun
dred dollars because the money is sole
and note taken SO soon as $500 in the
one case or $500 in the other, more OF
less, as may be agreed upon, is paid in.
The Treasurer can easily give bonds
that would cover any loss on his &C
count, SO that it may be said that there
is no possibility of loss provided the af
fairs OF the association are managed in 6
business.like manner. The land can't
be lost provided clear title is obtained
There need be no mistake on this score
Every note will be secure if the associa-
ton make the borrower an agent tt
build the house and no title be given to the
property until the note Is Cancelled
There can he no doubt about the ability
of the drawer OF the note to pay it sc
long as he pays the fifty cents per week
The association should provide against
the monopoly OF the concern by one or a
few individuals. In case of death, or
reckless disregard of self-interest, the
shares of the failing members should not
be purchased by other members. They
should be salable only to those who will
become members. Associations called
Building and Loan Associations are
frequently organized by persons who ex
pect to reap the harvest sown by others
| Let no working man have anything to dt
with such plunder schemes.
1t would be far more profitable for the
members to continue the association al
ter having secured their homes, than te
cancel their notes and wind up. We
have seen that in the eleventh year the
income is more than double that Of thu
first year.
In the twenty-second year the income
would be quadruple that Of the first year
provided their money continues in tn
same demand. There will probably b.
no difficulty in continuing to sell at tn
same rate. AS others see how much i
saved by 1t they will be glad to TAX
money on terms which, in spite Of tn
% per cent. premium, are easy.
| No one can fail to see that this is tn
best possible life insurance. The prem
um paid is part of the payers proi'
| All that Insurance Companies make b.
saves, and in addition, he gets the ris
in value consequent on his own invest
ments. Moreover, this company can no
fail.