, 1877-02-18


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Ill salch' Gus total e''nsaucia11oa' ...a e-'"'"'
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~ III lne lalsa nuaoeI - r. tppnamen1:
ulaue " tue .a nouse-a s.G gus a.t 49, rrhara ;s ~
lFntus =. ~ " ~ t,,sae on ~ this i;rd " anI
ther rants nar ", Ta nvncct.J to remain firm
f!'ct. ient2 :.t tau, 70 49,. ara ~ eo1oh+ ~ ~ ~
.ioasca VIII - ro;.-o hhte ~ 1!;.o- ~ 49,,
.aey Wers mnen ,be ~ tnas hor " n
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s+ra "n1 4sra r.ts ,v;Ii ho raSn.oa ,h;1 =,
otha-e ~ ~ rr,uin~ dcs;r,hienoee ~ 1onat;on
iii s,,etaj,, ~ nrcsent nrns ~ r,;sa +hon
! ~ the Ed,tor ~ III rr55,nt
| Cu1cAGo. Feb. II.-Srarv n vesr aro r nre
| scutetl through the COLUMNS Of Tur TR1ntFTsR
some ideas aud plans on the subject Of chean
| homes, with the view Of inducines eanjtaIists
| and owners oi pronerty. eljriI,ly 1orsttet' t.
| build q class Of inexpensive but comfortable
| bouscs, and sell them, With the LOT. on such
terms that a1y man who now having from sig I'd
$25 rent could buy and pay for home.
one Or two q our prominent business men
test during last season. The results were SO
satisfactory that they arr nrcnarin0 for preat1y
enlarged operation it the same line during the
coming season. Rut ! Greatly desire to interest
others nossassed NJ rhe rpn1,jsite means so
that the furnishing Of chcap homes shall be-
come prominent feature in the building opera
ti0ns in and about Chicago
Hitherto tie hlsrh prizes at which lots have
been held, and the extensive class of houses
~ hanae ~ ~ ~ -" r. ~ ra,ri" of n,adaratc
incomes R,,t viii,
rur pRr;Eyr uARp-p.x PRICES
of lots. and the low p-jres of buiIdine material
and labor, tnis difficulty is removed. Good COM
or cirht rf,o,,, ran now he huilt for from $500
tn $siY} wh;lt lots convenient tn churches.
schools markets aud with cheap and con.
t-arsnor4,+;on facilities ,an ha md fro,n
If him is s;,npiv this: to build cheun houses
on chem lots lin th,: near sI1Iurbs] selling on
tue Following terms: /. 4 cash noymcnt on lot
of NM loss than SJl}1. . Th,. cost of hou,e tn
fn nnt in = huil,iine loan. running five or six
ve,r. n ith intrrest ~ ner ,rnr T,vahIc scm;-
annually. and secured by first mortgage: 3.
tl,r h,I,pc, in monthly nayucnts Tlnninr
throurh tunr or five years. viii, i ner cent in.
t,rcst finr]udeil in tbr monthly payment}, and
scturrd by second 1norfrarc This gives
tic purchaser IN entire year from
tie end OF lis monthly payments
before his building loan becomes due.
II not nrcn,red Il, meet it in full At maturity
his propcrty is good for such extension or new
loan as he NAV iced.
TO ILLUSTRATE,
"A III, ft.,TEf
for house and lot. Ui3 noymcnts will he as lol-
lows:
I,,sb ....... .... 7oo
Five years note interest tcmi.annuaily,' I'D
In forty eight monthly paymcnts Go
-
Total NEUTRALITY-SUSPICIOUS.. 81. 500
On this basis his monthly payments, jnclul-
ine interest at pr ceut, viii be $3.50 In al
dition to this amount there will b. some annual
loan, or Eve years note, amounting to $333. IS.
II his building loan is on six years. time. and
his monthly payments running through live in
stead OF four Years, they will be but Sl3 per
month
4 cheap lot, sav ut $3.50 With & $500 house,
would bring the pav1ucats within the reach OF |
any ono WHO can pay 81. to sis pcr month rent.
TUE BENEFITS OF rms rLAN
nav be briefly stated It furnishes to the prop
crtv-o{yfer sale Of unnro1utivc nror crtv nnw |
4 bill of cxpcnsc for interest and taycs' and |
likely to remain 50 for wears to come.
It furnishes q safe inrestmcnt far the money !
nut into tl1e buildings at far rate Of interest
No great amount OF building capital would be |
needed, as, if the lots were made large or more |
ysluable, cauaIi,r @ or exreelipq the c5st " Of the
louse. the i've wears nntr. serured nv first !
mortgage, would command and furnish tne
money for building other houses; /; and thus
alter q start. the pronerty uouli furnish It's
The Utilizing e upon ''c part t Of tie J lots wonid
.reatiy enhance tue value OF the remainder,
Lastly, it furnishes to men Of means aud nos
'cssed OF benevolent dispositions IN opportunity
i practically aiding their feiIowmcn without
,oing outside of legitimate business,
THE BENEFITS TO THE PURCHASER
ire these: 1t gives the man Of moderate income
i chance to purchasc and ou:upy home.
md commence accumulatlnr Iv taking
,itn out Of his rented house and piacinp him
shcre his monthly paymcuts iusteati Of beinr
1opelessly sunk in rent viii apply directly on
he payment for his home. Il places his fami-
: in better physical, social aid moral SIR
ou1l1urs than il possib,e for them to enjoy
With bis means in the city: It furnishes the
tronuest noss;hlr inducprnent to fndnstrv and
economy in orslcr that the home nav he naid
or AID lastly it furnishes him stoniIinu- |
!rornl to work from, and a zarr to work riI.
vhich he lacked before. and without which ac.' |
um1,lotions ware innnasj,,a
THE ExPERIgycg or LAST SEASON.
that there ia - nracticai ;1amand
or s,,.h homes on surh terns 1T normcnt anI
earnestv ,roc ,anitsi,sts nn
a ova the snE;ect = Ta; ;n.st;a,.!n, 49, ~ tn1
- /