Daily Yellowstone journal., 1883-12-30
Sunday, Dee-:aocr 50, 1883.
HOMES lUS ar.

hohES run -tsLs
During all of the past year, there has
been a positive demand for small trne-
inemts that far exceeded the supply. \
modest residence of from four to eight
rooms that could he rented 1t from Sl5
10 $50 per month, has been as eagerly
sought for and Us difficult to obtain IL
the golden fleece; this being the con-
dition of things during the year past
that has not been noted for any It,
Inarkable activity or influx OF
strangers, what will it be during the
year to come when, If our authorizations
are in any way fulfilled, We will be the
objective point of a large emigration
from the east. These new corners
will all need homes, and will be rent
ers Of houses at least until such time
~ their plans are niatured, and their
immediate future settled. The prob
lem of housing them is not likely 10
he solved unless those who are able To
build, take early steps TO erect such
houses as are here referred TO. No
better legitimate investment should be
asked than accrues from putting 81 800
worth of labor aud material on 500
piece OF land, and renting the premises
ior $50 per month which can radily he
done. But why rent at all? Some
there are of course, in every COM
munity who will always do so, and
these must be provided for as above
suggested, but in town like this,
where desirable residence property
ram be purchased 50 cheaply, il II II
shame that any of its citizens should
live in rented houses. The lack of
money to build is no excuse when
there are such things as building
societies flourishing and increasing in
number i'm every city in the union.
With theseyaids to the poor man once
established, all that is nece, Iry, Is to
own a piece of land on viii Ii ~ build,
and an investment of whatever his
means may warrant In the stock of the
association; the monthly dues are
small, and unless his holding of stock
/, large. would not in any month equal
the amount paid out for rent. One
dollar per month per share Is we be-
lieve the established rate Of dues on
stock subscribed. Thus every month
cash fund is accumulated. the privi-
lcge of borrowing which is put up at
auction, and the member Offering the
highest premium secures the loan with
which to improve his property, and
the association is secured on the pro-
lerty aud improvements. The life Of
"a series of stock il from five To seven
wears, and If "A member who has.made
Il loan, keeps his monthly assessments
paid up, he will find that at the end
~ that time his stock has SO increased
in value, that his load will have paid
itself and he will have something TO
spare. In other words his triiling
monthly payments, that be would
otherwise have sunk in rents have
been boarded up for him by II careful
manager, and in from five to seven
years have built him house which is
his own. The theory of building
associations here crudely explained Is
susceptible of much more elaboration,
hut the very positive advantage of
those of moderate means il shown.
10 those of ampler means, who do not
care to become borrowers, the ndyuut-
age is If anything greater, as their
stock appreciates In the same ratio us
does the borrowers, but taking no loans
they have no premiums deducted and
the full value Of the stock at maturity
goes to them. There Is nothing that
builds up town with tasteful resi-
dences so quickly as q live and well
managed building association. The
man that OWNS his own house will he
constantly ut work improving Its up
prarance and identifying the grounds.
Many things that a landlord will not
10 and that q tenant does not care 10
40 for rented property, are cheerfuIly
lone for oneself. and the result is q
comfortable we'll kept and home like
aspect uII over the town, that speaks
louder 10 the stranger than paved
aasysts,. grs end. vAter worksand. other