Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1888-02-01
SECURE AROME


The New York Star is urging the benz
, fits OF building associations on the wae
workers of the great city of the Unior
and as The GAZETTE has been doing tn
same thing here, much of what the Ste
says is applicable TO Fort Worth. Their
are three building associations in thi
city, and the record OF their accomplish
ments in behalf of Fort Worth and O
their membership will convince the mos
skeptical of the beneficial workings O.
such institutions.
THE GAZETTE does not pose as the
friend Of "the laboring man" durlna
election times that thrift may follow pos
ing, but it does at all seasons advocate
everything that promises individual OF
general good. Property in Fort Worth
is daily advancing, and daily it gets fur
ther and further from the financial reach
of the man who hiss no home. Building
associations provide a means whereby a
man can secure home for q very little
greater cost per month than men pay in
rents; indeed, under the building associ-
alton plan, the rent becomes a payment
made monthly ona home for the tenant.
The following from the Star is of inter-
est in this connection: "The promoters
of nearly every association formed for the
lettering Of the condition of the working
people have to certain extent incorpor-
sted in their constitutional provisions the
idea OF cooperation, but 1t is seldom put
into practice. The declaration OF princi-
pies Of the Knights Of Labor states that
the efforts Of the order are directed 'to
establish cooperative institutions,
such as will tend to supersede the wage
system by the Introduction of a co-opera-
tive industrial plan.'
"The trouble seems to be with these
associations that the machinery employed
to assist IN the efforts of establishing Co.
operation will not cooperate, and the re-
suit is that few benefits result either to
the promoters or the vast body of people
who make up the rank and file Of mem
bership. No person can force co-opers-
ton, no person can become it's patron,
and no person can pauperize it. It lisa
natural law, and if transgressed fails to
operate rightly.
Therefore, under the name Of build
ing and loan associations, cooperation is
found in It's purest and simplest form,
and the results, as shown below, settle
81 arguments as to simplicity, adapta-
'ility and perfect safety. The most
humble wage Garner will at once see, If
lie will give the building and loan plan
title study, that cooperation, like death,
evels all ranks; it is the zone touch of
lature that makes all men kin
SIN other words, Mr. Cornelius Van
lerbilt, Mr.. jay Gould, Mr.. John Jacob
lstor or other wealthy person can not In
ny way assist 8 building and loan 1850
istion By becoming members. They
snnot present dollar or million dol.
ars to the scheme to aid it. In fact, if
hey wanted to become members of an
ssociation they would be permitted to
epostt about $40 month apiece at the
Inside and on pay night take their place ,
the line Of depositors to do so. That ,
the pure democracy of the plan and the ,
eason why the Star, the only Democratic 6
aper in the city, has made it its business ]
explain, educate and organize the asso. {
iations for the people. I
Gas an Illustration OF this principle of c
Bayonne No. L. located at 9
syonne, N. J was organized nine years +
90 and when the call for mass-meetlng t
the people WIS made several leading '
gifts Of the Standard OIL Company, who
We in that pretty suburb, thought they Il
ould help the organization along By be- 8
'ming members. They soon found, il
owever, that they were classed with the I
'mmon people and that the common Il
,ople, when they were properly organ n
60, could conduct their financial affairs "
easily and successfully as the sN.uol- Il
ms Of Wall street. 7
"The majority Of people seem to think II
st the plan upon which associations are C.
n is hard to understand, but, instead, ii
is very simple. The following is the re
B c of the building and loan associa- Il
m plan: Ell
"A building and loan associa- in
N is the purest form of CO. st