Southern standard. (McMinnville, Tenn.) 1879-current, 1886-01-09
NO.. s.
Building Associations.

ting much of stir, but its affairs
are progressing very satisfactorily all
the same. 1t now has even one hun
dred shares taken, and all the men,
bers are highly pleased with its oper-
ations. We doubt not that another
series of one hundred shares could be
placed if some one would take hold
of the matter and talk it up. 1t only
requires IS cents week to carry a
share in this Association, and there
are many little boys in town who
could easily make and save this
amount, and thus invested it would
net them a sum sufficient to finish
their education or begin small bust
ness by the time they are ready for
it. A member of the Association can
secure comfortable home by means
of these weekly savings at cost very
little, if any, above the amount paid
for rents. Building Associations have
been the means of securing homes to
thousands of working people who
could have secured them in no other
way. The Nashville Union of last
Monday contained an interview with
Philadelphia gentleman relative to
these Associations, and we reprint
below an extract from his opinions,
a careful perusal Of which may bene-
fit any who desire to own a home:
1--WE often hear the remark, 4 don't
know anything about building as
sociations,' and this remark is I'M
doubtedly true, because if they did
most of them would certainly become
members. The principles involved in
building associations are very simple.
There is no complex system of finance
interviewer with it-nothing but what
each and every member can readily
and thoroughly understand, and it is
only necessary to become a member
to demonstrate the truth of this.
Building associations are nothing
more or less than a number of people
associated together for the purpose of
extending practical help to each other.
This is the real purpose of building
associations-that ofmutual help, and
the greater the number of people that
are associated together for this pur-
pose, the greater the amount of good
they will accomplish. You are not
called upon to help any one by giving
them part of your savings or earnings,
but asked simply to help yourself by
joining the association, and in thus
helping yourself you are also benefit
ing your fellow-man, because it is by
united action that mutual benefits are
derived. The benefits that member
ship in building associations confer
are numerous, far-reaching and per-
manent in their character. They en-.
courage habits of economy, industry
and frugality among the very class of
people to whom these things are so
essential. They compel you by a
gentle pressure to save your money,
and enable you to see how this money
can contribute to the comfort and
happiness of your fellow-man whilst
yielding you much larger percent
age ofprotit than you could anywhere
else obtain for similar investment.
( They enable you to accumulate a fund
to sustain you in old age, to battle
with the adversely Of time, and upon
which you can draw in case of neces.
sity. They enable you to own your
own home, and to occupy it whilst
paying for it in small monthly install.
ments, and these installments, as 8
rule, are very little (ifanything) more
than the actual amount of rent you
would have to pay for such home
. In nine cases out Of ten we would not
: be far from the mark if l said thai
, through the agency of the building
!, association you were practically get
ting the home for nothing, and the
e cost in any event would only be {
1 fraction of what you would have II
!. pay for it by any other method. NJ
= mode ofsaving carries with it SO mucl
!, benefit to the individual or secure
q such good results to the commu
:, nifty"
Since the above article was prepared
It we learn that the Board of Director
e of the McMinnville Building, LoaI
E, and Savings Association have alread.
It had the matter of opening anothe
e series under advisement, and it viii
/. probably be ordered at their regula
D. meeting next Monday. Working
men who desire to own home O
1e their own should take advantage Q
If this opportunity to secure one. b.
becoming a member of this Associa
d ton man can substitute payment