The evening world., 1890-07-03

| Incorporated under the laws oL theftete 81
! each other their savings for the prrpo4e OF
| buyinR improved real estate, building on
unimproved real estate, paving OF mort
cages on real estate already owned, or
| granting temporary stock loans 70 It's mcm-
| bere. ~
| this point, dear reader. and say that all
these things are not for you, because you
| are only wage Garner, mechanic, Haies-
man, boshkeepeT: or toiler n somea anne Other
dent on continued strength to yonr arms, or
your braiJt and that ron have NO capital
wheresitlh 70 pnsehs;.e sh Ne most modest
There ara IL. 600. men on modest salaries
| in this big town. who, utilizing the happy
discGysry q some nhiiGs9rher OF nd Long o;n ago:
incredible 70 them a few months or'tteArs
It Is banking business in which. the. wage
Garner In both borrower and lender; in
| which lie lends to himself more money than
he poHscsses, and pays his house rent to
himself. W,...
NEWSPAPER MEN ARE IN IT.
There is a Building and Loan Association
| in every one Of the Newspaper Offices of New
York aud Brooklyn. composed Of the work
Rssociaton ls m I % Is that Of snabiae its members
to own their homes. Each member sub
scribes for stock. usually at 5000 share,
but pa ys for IL In monthly instalments of 81
q share. II there are 1 1000 shares In an
Association that Association has constant
| income OF 81 900 n month from these dues,
and that income IL bankod and then loaned
II Ia loaned. however, only to shareholders
| in tho Association. anu then only TO aid the
security must be invariably a first mortgage
A man who con spare u month out of
his Income car buy ten ehafes, and in 200
months he will have paid up the sum and
| will have 81, 900 worth OF stock, plus the
income which Il has earned in loans to
| other members OF the Association. which is
usually much more than the money could
bo made TO earn in interest at bank or on in
vestment
sum up to S2,OO0-the full value Of the
| stock he ia paving for-he can borrow it
from the Association, provided It is for
building home. giving mortgape on the
house az security, and paying. besides the
81 0 monthly dues on his shares. interest on
the loan at q per cent. or $40 moro per
month.
Having purchased lot In one OF the de-
| lightful suburbs de scribed above and nego-
tiated the loan fTcm his Association. the
lily into ii. Then his $2O monthly rent tor
n fat ceaaes, and instead he pays $40
month TO the Association till one day he
| finds that he need pay no more ard that he
is the happy owner or comfortable home.
| DEMONSTRATED SUCCESS.
The Building and Loan ASSOCIATION is not
an experiment. 1t is q, demonstrated prac-
tical good thing. Philadelphia has 800
City OF Brotheriy Love has been, famous for
half ., century ms city IN which almost
his Swn hrnssi ohiGSSo
II is nota mopey-makiug scheme for any
one. 1t isa munoy-saying scheme. There
are no high-ssia iaried officers. @
The person with little capital reaps the
advantage OF that fact IN the Association. as
he would elsewhere, and the advantages Of
In Gaho IN mai fnrn fran nv ata md
point
suppose you have your suburban lot paid
for. You wa9t 81 600 whereYith to build
an imitation fee Of from 20 cents to 81; You
must own eight S2Qo shares, for which, you
pay SS monthly. Then, at the first sale of
money by the Association you are bidder,
finally getting the loan at o bid of say 80
cents share POI. month premium.
Then " is plain dahing. four monthly
interest on 81, 800 At . per cent will be ss.
and your premium OF 30 cents q share for
your eight shares wall be 81. 40.
PAYING RENT TO YOURSELF.
ThaS your RSntsy payment wiz IL be
Your shares viii mature IN ten
psd raS The heR U s and sos
terest on the loan, because Of the profits
which your shares have made, II you could
such small payments (which you couldnt)
the ints rest would be s0BO. 4
Again, if'you continue 10 rnnt e1 O fiat or
have TO show FOR IL nothing but q bundle, a
big bundle. Of old receipts,
shares held simply as an Investment yield
loans. for they are sold at auction, The
aame money .in bank would yield 21s per
cent. Interest," The borrowing member is
tnins I capital which 6e could not possibly
get in any of, tho sofdid, selfish ways of
borrower and ioaner. Aud the money that
the loan, plus his " dues On his own orig
inal stock. il no greater than the rent that
he has been paying for his pent,up. stuffy,
without q patch Of Gods green earth on
which he may plant his foot.
Save l8sS cents day from 40 your wages
stocks which will entitle you to borrow
81, 900 atany time from the Association,
even though you have been member but a
month ant paid but solitary hve-dollar
bill into the Association.
| WHAT KIND OF HOUSE To BUILD.
Having purchased his lot in ono Of the
suburban villages, and bought as many
shares in Building and Loan Association as
his WAGES or salary will admit of. the house
builder must next decide what kind OF
house he wants, the style OF architecture
and how much he wants to pay for il.
plans published from which the house.
builder can select his design unless he Is too
fasIldioua or is desrous OF something new
| and original,
A EVENING woRLD reporter has seen the
architects plans for q home for q Mr..
the Brooklyn suburbs modest but COM
Portable and convenient little home OF six
rooms for $3.50.
There is 3 cosy parlor. kitchen and
clothes-press on the ground door. and three
bedrooms and a inen-room on the second
hoor. double window lights the parlor
and two side-yindows light pArlor aud kitch-
en respectively, while there are two win
| dows in the teAr side of tina kitchen. There
is pretty stoop aud portico in front and a
back stoop as well. The house has gable
with canopy extending over the front,
For 1000 a frame-house can be built
that will be more roomy, more beautiful.
more elegant. more convenient aud more
homelike than ne-tentha OF the four-stoTy
and basement houses Of Eeg York, costing
| from %. 900 to Sl0. 900 to build; and
81. 700 will build palace. = bower Of beauty.
| q grand Eesldenee, with yerAndas all around
1t and all OF the modern conveniences
inside,
| FURNISHISa THE RTTRURRAN AnWFR