Savannah morning news. [volume] (Savannah) 1868-1887, 1882-08-30
A BRIGHT PICTURE OF SAvAN-
NAH,S FUTURE.
The Effect of Building and Loan
Associations.

About $500, 900 Is the amount that has
been invested by the different building and
loan associations in the city Of Savannah
since the first Of September last in the mate
terial Improvement of the city In the shape
Of buildings erected and property improved.
The large increase of the amount returned
In Chatham county Of taxable property
over three millions of dollars for 1882
shows the direct influence OF these associa-
tons in encouraging and promoting the ma
terial interests of the city in direction
where It is so much needed, namely, the
erection Of dwelling houses suitable for
habitations for those who have to depend
upon the small savings from moderate earn
ings to build and furnish their own homes.
There are eight building and loan as
sociations now In operation in Savannah,
and all of them, without exception,
are and have been most successfully and
skillfully managed. They have been the
means Uf wonderfully building up the waste
places 10 the city and suburbs, and have be-
| come very important factors in developing
the growth and prosperity Of the city dur
| ing the past year. Not only so, but they
| have encouraged economy and prudence
among the young Of our community, who
are largely interested as stockholders. They
are the savings banks OF men Of moderate
means, exemplifying the potency OF the
maxim ''save the pennies and the pounds
will take care OF themselves" They en-
courage thrift and industry, and enable the
working man to look forward to the time
when under his own vine and fig tree he can
| live happily without exsctiDg landlords to
modest or make him afraid.
The great demand for small but conve-
nient residences for the middle classes in
| life is, however, still fearfully and painfully
apparent in Savannah, and while there is
abundant room in the southern and south
| eastern and southwestern portions Of the
city for the full realization Of this import
ant want, there is, we are sorry to say, a
| great lack of enterprise in this direction
| The demand for these habitations will con-
| tinue to increase as Savannah continues to
grow in commercial importance. With her
prosperity will follow an increased popula-
tion Of thrifty citizens and proportionate
| increase of wealth. In the course Of the
next decade we may reasonably anticipate
that the surroundings of our beautiful city
| will be the abOdes Of peace and
| plenty. Farms, teeming with the album
| dance of Southern productions, fruits,
flowers aud golden crops; with
| handsome, comfortable and desirable resi-
dences, with all the cOnveniences of modern
| progress and labor saving appliances, pour
ing into the laps of our ships and steamers
a steady stream Of wealth, the result of
cOntented toll and labor dignifed by indie
pendence. Our social, moral and intellect
ual condition will feel the result OF these
benign influences, which under the ceaseless
| operations of the power of good, viii make
our community indeed a garden spot in this
our fair Southern land. To the toiling, self
sacrificing and industrious energy Of our
present citizenship-to their patient and
well directed efforts TO advance public pros
perity and public morals-tO their faithful
ness In improving to the best advantage
present opportunities, will the realization of
the prophets dream surely come. "He
that goeth forth sowing precious seed weep
ing, shall doubtless come again with re-
joicing, bringing his sheaves with him."