The evening light. [volume] (San Antonio, Tex.) 1881-1883, 1882-10-30
HOW EVERY TENANT
NAV Become His Own Landlord.

Below we give the first semi-annuai STATE
ment of the merchants and Mechanics Build
jnu and Loan Association" when speaks IoT
itself as successful business % f th
i'm giving this statement from our BOOKS LOT tne
information of our membership we ueslrt 70
call the attention of the mechanics ana WORK.
ingmen generally, and especmlly tne .c,i it
class of our community, to the opportunity
that is offered to them by this association whicm
if taken advantage of. will enable eacn anu ~,
of such class to become their own iahu!oIus
and to acuuire homes for themselves ana laIli-
lies at a monthly outlay of an amount cq,al or
less than they are paying for rent Tor eNan!piS
A member holds five shares OF our STOCK
upOn which he pays the sum OF - per month
this entities him to bid for $1,000 or 500 per
share. and i'm az most as the loans or sales OF
money are made to the highest bidder, we VIII
suppose the premium bid Is ~ per cea a1c t ms
builing purposes. ,. ..,e 10
The borrower thereupOn obligates himself TO
pay the sum of Sill til ermonth, ,lntll tne STOCK
of the series In which the loan is taken is worth
500 per share period which will be reached
inside of eighty mOnths-at which time tne
matured stock satisfies the debt, ana the nome
of such member is freed from encuinDfance.
The sum of $1l.66 per month all must ac-
knowledge to be il cheap rental Falue lor
house costing 500. ,,,
The arrangement pre-supposes Ina az ea ~ mot
rover owns his own lot; to such that 40 not
and are unable to Afford the OUTLAY, sunhclcnt
for their purpose, the association can oHer sne
inducemcnt of aid in proportion Oh, say o. w.
~
80 invested by the member towards the PuT
chase of a lot the association Will advance Ply
sufficient, generally, for a desirable lot, anu
which NAV be discharged in such. easy mOnthly
payments as scarcely to be felt by the econolh-
ical labOrng man. . s ,,.,,,oo;
Ii is the desire of the directors o. our associ-
alton to encourage, by these means the nllla a.
inu of houses in our city, cottage houses, 10
take the places now held by unhcalthy ana
unsiuhtly tenement houses, ana 10 encourage
a shirt of thrift, economy ana cOIhmcuuapie
enterprise on the part of our working cltsScs'
whether they be clerks, accountants, traucs-
men or laborcrS. ,:o;o,,
there can be no excuse for the man OF small
means to remain tenant, paying trlDulc ill
heavy rents to landlords, while spending, III
useless indulgencieS a sum more IMAM suu-
cient to meet the monthly out lay necessary I"
secure his family the first and highest aflpi-
ton of the prudent mana nome.
Liberty finds its abiding place IN the com
mlnity of homes. There the law finds its sup
porters and upholdcrs and society It's proloe,
lion. The germ of wealth, pubic spirit anu
tr,e manhOad and true wOmanhOOd, springs
from the home rather than the tenement, anu
we encourage their establishment 10y means
that can be taken advantage of by the laDOfer
of small increase on as ralr ana e4hai 'crhis rs
by the rich and powerful.
We discourage investment in the STOCK OF our
association for gain, by provision Vi our
charter prohibiting the holding by one person
of more than thirty shares OF our STOCK anu
seek thereby to draw our membership iroh
that class of investors who desire 10 puiiu UT
improve their hOmcsteadS.
An needed information concerning the prac-
teal working of our ASSOCIATION can ne hau ny
application to our secretary, W. y. fhyhSc,
nr u SOletlad street, next to court house, or 10
any of our finance committee or directory.