, 1876-03-12
The Sales Of the Week Neither Nu-
merous Nor Important.
SurnIus Of Funds in the Loan Market
and Business Quiet.
Traffic Roadway on Fifty.frst Street.
Increase in Building.

al I1d1n8, WITH CT " C9uL 1aGe6 IcF AU
distance within IN hours ride Of tho cit,
which there is good reason for believing some
orr Chicago railroads are about to inaugurat
~,ll as it seems to me-, help materially in solvin
the problem Of tho possibility Of the oWnel
chip Of home by every family The desirable
uass OF such q condition need not be arguel
einco it Will be conceded By all. Tho possiblllt
OF accomplishment has been tho difficult queS
tion. The high price OF lots within the city, til
extension OF the fire limits to tn
city Limits, putting stop to tho e1ec
ton Of cheap wooden houses, th
excessive rates Of. taxation. assessments 10
street improvements. the shrlnkage OF ealar1e
and wages incident to the hard times, mako th'
the owncrslip Of homes in the city By tho com
mon people more DIFFICULT OF accomplishment q
theprcaent time than perhaps ever before.
Terp are thousands Of the
BETTER CLASS OF WORKING MEN
-and use this term in its broad sense, includ
ing artisans, mechanics, clerks, etc--whose onlI
capital is their 1nbor, cithoc OF Erain or hand.
Eith families growing up around them to whom
tIle2 wish to g,vo "a comfortable support and
aa good social and educational advantages as
possible, who tind their entire income absorbed
by taeir yearly expenses, with no prospect OF &C
cnase and own 4 home Of their OWL. or to
mako any provision for their families
il caao they should be taken away or for them.
EelTes if tbcy become lncapacl1atcd Tor labor,
either by old ase or sicknoes They pay from
STU to so per mouth rent for house or part OF
A,uouae in some third or fourth ratio street,
with moral and.plystcal surroundings often any
thing but desirable. As 1uie they must reach
their work 1T o'clock in the morning, and re-
main till in the evening. They are il. tread
n.,i to winch they mrs. keep step day by day,
bat without making any ndsance. Ii there was
opened to them 3 chance to buy "a
CHEAP HOUSE AND LOT
in eome suburb Of the city, Oh monthly paw
1ncnts, but little exceeding the amount they pay
1as ~, reoi .h. with o. o., 10 .,a; cent ,, tram
necessitat1ng only the starting from home half
hour earlier IN the morning aad reaching home
half hour later in the evening, with the con-
seriousness that instead Of sinking each month 3
part Of their earnings in rent they are paving
for home, which in three or four years Will be
their own, and which will in the meantime have
been greatly enhanced in value, am conlideut
tint We should see such an exodus OF this class
Of families from the city as would aston,sh us.
The prospect Of securing such home would
and economy. But unmded. tho average work.
ing msn cannot accomplish sI,is, for though he
can buy cheap lots Of easy terms
OF payment, the bnilding Of house
requires an outlay OF ready money
equal to its cost. He cannot borrow this, for he
has no security to give; neither could he find q
lender, who would allow him to repay loau IN
email monthly payments.
WHAT Is NEEDED.
He needs some one to buy the land, snhdivide
lot for email ca sh payment and monthly pay
ments but little more than he now pays for rent.
That tlis can he done IS safe and successful
business enterprise I fully believe, as also that
it has been successfully demonstrated. VI. e.
J: Hull. gentleman we'll known in this city as
philanthropist and successful business man, has
fo1 tho past Eve or six years been working on
precisely this plan IN the suburbs Of
Ealtimofe ind Savannah, during which
time ho has sottled several hundred families in
homes which they have either paid for in full or
arc paying for in monthly insta1lments. havo
il my hands plans and specifications on which
1e is now building ct Baltimore two-gtory wood
en- houses, 14x26 fees with four rooms. each l1x
il feet, With pantry and closet, lathed and plas-
tered. painted inside and ont with two coats. sot
on brick piers a front porch, blinds to all win-
dows. and au clubhouse with vault for $3.50.
lie is also bniding two~storv brick house, liz
ID teat, with six tootns, closets, ETC., Tor $500.
CHARACTER OF THE HOUSES.
OF couree these houses are cheap and plain-not
dc.laz beius expended beyond what is abso-
1utc'S necessary. But they furnish just what 10
needed by poor peop!e-a shelter and q standing
ground from which to work, withou. incurriug
N indebtedness beyond their ability to meet
Lanls suitable for such subdivisions adjoining
villages supplied with depots, churches schools,
ehops, stores, and markets, can now 10 bought
at hRrd-pRn pzlces-say from $3.50 to $500 Der
aero, according to location.
An ExANTLE
Take for example trnct at $500 per acre. If
laid out in one-fourth acre lots, G6x165 feet (and
that ia as small as village lot erer ought to BEL
tho cost per lot, including the value
OF the land thrown out i'll streets,
would be sl44;> adding SC per. lot for
grading streets aud planting t1eas, aud tho cost
per lot will be 5l50. The cost Of building in
Chicago might be greater than at Baltimore, os-
reolally in the item OF labor. aud iu suburban
village greater than in tie city. since the lu1u~
be1 would have to be transported from tie city.
This climate would also require more SUBJ
stantiai manner Of building, such as the nse OF
sheathing and bulldiug-paper for the franc.
Allowing S150 for such additional cost aud for
building cistarn Tor soft-water supply, and one
OF tho four-roon houses with lot would cost
s550. Adding $50 for overnight aud cost OF
selling, and tho price to the purchaser would be
500; OF if he takes two lots, giving him a half
acre Of ground, enough for lawn, vegetable and
flower garden, small tru1t. strawberry, chicken
and oow-house and plg~pen, his purchase would
md tho balauce IN monthly payments Of sl2-50,
with interest at per cent. which will add au
Rvefage OF about II per month for the first year,
but diminishing each year as the principal is re-
duced by kna monthly payments.
THEN WHAT.
at the end Of four years aud eight months he |
oWne the property clear. aud in the meantime it !
has doubled iu value. He can now, II he needs, |
from his sayings (no longer required iu pay |
ments On hia honey add 70 his house or pur-
chase other property, and, the first and hardest
step having been gained, so on to q comfortable |
Independence. The policy for the proprietor |
would be TO only build On 3 portion Of J
tho lots IN. each block, not TO cx-
coed one-ha{f, as such improvements |
would materially enhance the value OF tho re- {
manning tots, making them iii demand By t{,ose |
Hllo ulshed 10 purchase a. an Investment and |
cuabiiug him &pseA them without iu,provement |
At IN ndvance OF 50 10 100 per cenr On cost. The |
heases neett not oe OF one uniform style or csst,
but vary according to the means and tastes of |
TIE 1A1S POINT
is iha* there ehonld bo cheap houses to meet the |
wants OF those whose only capital Is their labor, !
No very large building capital would be required, !
for TO faAt M houses we're sold tue cash paw |
tueuta ON the purchase and tho monthly pay |
tnsnts would BE- coming IN to furnish noaus with |
xl,.ch 10 build more. That such houses would |
End rrady salo has, think, been demon
strataa' by the rapid growth Of those |
subarbs il which the proprietors have pursued |
!he plan of building houses and selling on easy |
te,nls OF payment. Notab1y among these are ]
n,yYdc1a and npr4nrH on the Chicago. Bur |