Rock Island daily Argus. (Rock Island, Ill.) 1886-1893, 1890-08-01
SOUTH PARK.
A Grand Auction sale OF Lots Tomor
row Evening.

A Grand Auction sale OF Lots Tomor'
row Evening.
| Tomorrow will take place the great
auction sale of residence lots in South
Park. the central point Of the new growth
| of Rock Island. Since the South Park
syndicate was formed and plated. its
addition. which consists of 1872 lots. all
told. no less than fifty lots have been
disposed of, and most Of them built upon
nice comfortable cottages it is pleasure
to see. The object Of the syndicate was
to give industrious citizens chance TO
acquire homes of their own and this is
still the ruling consideration of the syn
dictate, which. in putting up the remains
ing lots at auction. invites everybody to
buy lot at his own price. with easy
terms of payment. This is great
chance for any thrifty man to ac'
quire home of his own and stop pay
ing rent. The very money that he now
pays out for rent can be easily made to
pay for the house built upon one of these
South Park lots. The auction is to be-
gin at 6 o'clock tomorrow evening, and
from this time to the sale all disposed to
buy should visit the addition and pick on,
the lots most desired. To make it easy
for home seekers the sysdicate has ar
ranged for free transportation on the
street cars running from the Harper house
corner TO South Park, all afternoon to-
morrow. and hundreds will avail them
selves of the opportunity to visit this
charming spot. The syndicate will also
| spread a lunch. and as further token OF
its good will, will give one of its choicest
lots. fronting on Elm street. as prize
among the purchasers. Ii would be q
good idea to cut out the plat of South
Park. given in the advertisement on our
fourth page. and after visiting the ground
mark on it several lots to bid upon when
the time comes.
There is another important item in
connection with the purchase of lot OF
lots in this addition, and that is If you
can pay small sum down on the lot secure
a loan from the Building association and
erect home. To those who are not fa>
miliar with the workings of building as
sociations We give the reader an idea of
the benefits to be derived from them. A
building association is regular corpora
ton organized under the laws of the
state. 1t is cooperative enterprise in
which a number of individuals associate
together for the purpose of mutual help
or the benefitting of one another Surely
this Is praiseworthv object-thst of
oenefitting your fellow man, with the
certainty of sharing in those benefits to
the same extent Yourself 1t Is essen,
TALLY different from any other corporation
under the law. 1t transacts all its tusi>
ness by and through its members only.
No one outside has anything to do with
it or shares in any way the profits.
Every man who becomes a member of
these associations has an object in view.
some Every. many indeed) one of the most
laudable objects in life. that of securing a
home but. whatever the object, whether it
ia to acquire home, to lay up something to
sustain him in old age or in times of adj
versity. or for anything else for which a
fund is needed. the fact of having an OBJ
ject in view takes him at once out of the
ranks of the thriftless and TO certain ex-
tent relieves the community OF any care
on his account. Building associations
benefit the individual by providing safe
and profitable place where one can de-
posit small or any portion of his earn
ings. where he can lay up something for
a rainy day. and upon which he Can
draw at any time in case of necessity
They enable the man to own the home he
lives in and to paw for it in small monthly
instslments which are little, if any, abov G
the actual amount of rent he would pay
for such home.