The star. (Cincinnati [Ohio]) 1874-1875, 1875-03-26

TO Phllauelphla, ana he would drive him
through large districts all built over by
these Associations; the lots ranging in
size from 12x4O to 6Ox2OO feet. Pennsyl-
vania grants perpetual charters to such
societies, to issue 5000 shares Of 5000
each, and married women are authorized
to hold them in their own names.
Without arguing at length the advan-
tage Of such cooperative efforts by the
working classes, we will summarize the
profit of such institutions when faith
fully administered; and, really there
fneed be no failure.
We will suppose that 200 persons have
organized and agreed to pay in one
dollar per week. The payments, when
amounting to $1,000, are to be sold to the
highest bidder. How much premium
could be paid? Call 1t $200-the pur-
chaser giving his note at per cent.
for 81, 900 and receiving $500.
This looks like heavy discount, but it
can be shown to be largely profitable to
the purchaser.
In eleven years all who have taken
money in-$S00 sums and given their notes
for 81, 900 will have paid out; while those
who have not used such funds will have
made clear gain of 10 per cent. on their
contribution compounded annually. Ten
per cent. compounded is the most rapid
of all the sure methods of making great
profit in tho n,1 ida world
Strange to say, those who have pur-
chased funds at SO high figure have
made much more; and he who took the
first installment has made more than
any one else. He has made over $500 by
living in his own house, besides his in
terest on the $1,000 note and his taxes.
Those who did not take any of the money
have gained about 81, 100 each, while their
contributions have been only $824-giv-
ing an average Of little over $500, on
which interest should be computed for
eleven years. The Investment is more
than three times as profitable as if de-
posted in savings bank at six per
cent, and far more sale, if the members
have brought common sense to bear on
the business.
But the first member that took money
and built house on his own lot, now
owns the property. is clear of debt and
has saved over $500 by the change from
renter to an Independent householder.
Ills property, in the meantime, has prob
ably doubled in value. 1t would inevita-
bly, do so II the location had been judi
ciously selected. His weekly payment
into the association of one dollar for
twelve years (S624) has secured to him a
property worth at least $4,000, and saved
him rent which he has added to the
$500 obtained from the association in
building his house.
Locations should be sought as conve-
nient to the city as possible. 1t is a
useless squandering CT money to buy
lots of spectators. They would cost
three times what they would cost when
bought Of the association. The first one
to take lot would get it for nominal
sum. His building would increase the
value of adjoining lots, and this value
would rise as the number Of buildings
increased.> The land profit would go to
the association. This we have not taken
into the account-so that our figures are
considerably below the reality.
Why not do itp Why continue insen-
sible to the happiness, the dignity and the
security Of an independent situation in
your own castle?
Any single man can save more than
one dollar week. Any mechanic, whose
family is yet small, can easily save it.
The dozen years soon pass, and the fam
lily is truly at home for life. We may
soon give the figures in detail.
Thisis not aplunder society. Its money
is not made out of any living creature.
The members sell and lend money only
to themselves. They make more per
cent. out of each other than the monopo.
lists make out of swindled world.
Their profit is in rescuing themselves
from heavy tribute to the rich. They
save rent and pay less than half the saw
ing to the society. They also make
money by getting a part Of the rise in
value of their property, consequent on
their own improvements.