The evening light. [volume] (San Antonio, Tex.) 1881-1883, 1882-10-28
HOW EVERY TENANT
May Become His Own Landlord.

Below we give the first semi-annual state
ment of the merchants and Mechanics Build
ing and Loan Association" which speaks for
itself as successful business institution, and
i'm giving this statement from our books for the
information of our membership, we desire to
call the attention of the mechanics and work
ingmen generally, and especially the tenant
class or our community, to the opportunity
that is offered to them by this association which
if taken advantage of. will enable each and all
OF such class to become their own landlords,
and to acquire homes for themselves and iami-
lies at monthly outlay of an amount equal or
A member holds five shares Of our stock
upon which he pays the sum of s. per month,
this entities him to bid for SlCD or 500 per
share, and in IA most as the loans or sales of
money are made to the highest bidder, we will
suppose the premium bid is 30 per cent, this
leaves to the bidder in cash the sum of 500 for
MIiling purposes
The borrower thereupon Oblgates himself to
pay the sum of $ll .66 per month"; until the stock
of the series in which the loan is taken is worth
500 per share period which will be reached
inside of eighty months ut which time the
matured stock satisfies the debt, and the home
of such member is freed from encumbrance.
The sum of $llG per month all must ac-
knowledge to DC cheap rental value for a
The arrangement pre-suppOses that each Dor
ROVER owns his own lot; to such that do not,
and are unable to afford the OUTLAY, sufficient
for their purpose, the association can offer the
inducement of aid in proportion of, say 50 to
| 81 invested by the member, in other words.
$50 invested by the member towards the pur-
chase of q lot the association will advance $50
| sufficient generally. for a desirable lot, and
| which may be discharged in such.easy monthly
payments as scarcely to be felt by the ccOnOnl-
zeal labOring man.
1t is the desire of the directors Ot our aSsOci-
| alton to encourage, by these means, the build
| ing OF houses i'm our city, cottage houses, to
| take the places now held by unhealthy and
| unsightly tenement houses and to encourage
| n Snirit of thrift. economy and cOmmpn0aD0
| enterprise on the part of our wOr king classes,
whether they be clerks, accountants, trades
| men or labOrcrs.
| With the inducements offered by this society
| there can he no excuse for the man of small
means to remain Il tenant, paying tribute IN
| heavy rents to landlords, while spending, in
cient to meet the monthly OUTLAY necessary to
| secure his family the first and highest ambi-
| ton of the prudent mana home.
| Liberty finds its abiding place in the COM
munity of homes. There the law finds tS sup
pOrters and uphOldcrs, and society its pr0tec,
| ton. The germ of wealth. public spirit and
| true manhOad and true wOInanhOOd, springs
| from the home rather than the tenement, anu
we encourage their establishment by means
| that can be taken advantage of by the labOreI
| of small increase on as fair and equal terms as
/ by the rich and powerful.
we discourage Investment in the stock of Oul
| association for gain, by provision OF 0ul
charter prohibiting the holding by one person
| of more than thirty shares OF our stock, ana
i
| that class Of investors who desire to build OF
| improve their hOmcSteadS.
All needed information concerning the prac.
| teal working of our association can he had by
| application to our secretary, W. a. BOnynge
| or "A SOlcdad street, next TO court house, or II
any Of our finance committee or directory.
SAN ANTONIO, TEXAS. |
September LIST, 1882.
| First scmi-annual statement of the Merchants
| and Mechanics Building and Loan ASsOcia
| ton, for the term ending September LIST, lSS;'
ASSETS.
Cash in treasury, 1.2jO.47
| Loans on MOrtgage.......... H,4Om
Observation-Disclosures. 300 $3,G15.4I
LIABILITIES.
Mrs. l.. NJ. Hamilton .......$ .6S.2
| B. |. Boone. SB.W
IN NJ Smith .............. 1H5.M
q. b. JOhnStOn............... ga
Ernest Richie 33..atl.iD
Mrs. X. SulnOn............... 2,E9,.W
| Stock Dues. i,13l.Wl
Declared profits
for term 6,Sl9.l6 B,IDlG
Undivided profits 13l
$2O,G,54,
PROFITS FOR THE TERM.
Premiums ................$ G,H3.D
Interest. Observation-Disclosures" ll.N
Fines Observation-Disclosures. TAO
FOrfeltS. ....................... lD.U
Premium on shares sold. 200 S1,1Ml.
Less Expenses ....... 314.1t
Net Profit ............ $G,GO4.
Carried to stock $6,Sl916. Undivided Sl.3l