The age-herald., 1899-01-22
HOW EVERYBODY COULD
 HELP GAIN NEW INDUSTRIES

lines which would distribute the burden and enable 2,00O people to cooperate in 1t in- stead of half dozen.
 I suggest that a corporation should be formed with a capital of $100,0O0 to be oi- vided into 4000 shares of $25 each, the by laws to provide that this money should only be paid by monthly installments of 30 cents per share. These 1, 900 shares could then be subscribed for generally all over the city of Greater Birmlngham blast furnaces, coal mines. rolling mills, and railroad com panies by their authorized officers could subscribe for suitable amounts of such shares; wholesale and retail merchants for their due proportion; profess onal men, preachers, journalists, doctors, lawyers, and politicians for their quota; miners, mechan- ics, and artisans could align themselves with the remainder of the population and many athrifty mechanic accustomed to save a little money would feel disposed to un te in swelling the number of labor employing institutions by subscribing for a share and paying his 50 cents a month for the next four years.
 I would propose that this capital as col lected should be available, in the hands and under the direction of a board Of rec tors elected by the subscribers, to be lent to such concerns as desire assistance Tor the purpose of nov ng to or starting in B'r- mingham upon such satisfactory security,
  question might arrange with the board or directors; the money so lent to be at per cent interest and to be repaid to the lend-
 ing corporation over a period say Of not exceeding five years by monthly install- ments.
 a provision in the bylaws of the corpora tion that 1t should not pay more than D per cent dividends to it's stockholders until A surplus fund had been accumulated equal to the original subscribed capital. ana the directors should receive no remuneration, if heinz understood that their work was or q public-spirited nature and not Tor the sake of individual emoiument. There need not be any paid officer connected with the establishment. except one man to coliect the monthly dues and repayments and lodSe them in bank and keep the records, ana ms salary might be provided Tor on pasie oA 10 per cent of the entire sum otherw SC available for dividend in each fiscal year. Tbus if the corporation had S5,o0O to dl- vide as a dividend, the salary or lhe ohiy paid officer might be S5oo.
 If would not be easy for any working man to spare the time to look aiter ms interest in such corporal on, and 1t shouiu ha sa framed and administered as to satisfy oil working men and small tradesmen that their interests would be honestly cared TOT, ard that there would be mo axes 10 griilo'
 The whole amount of montly dues and ot repavments received on loans aiready haue would be available every month-1or 'ne purpose for which the corporation shouiu he chartered; namely, to assist in moving 10 Jefferson county business enterprises from other locations or in starting fresh concerns here The provision of this money peiss repayable over five years with per cent. interest should enable any one to move without special inconvenience who realiy had an honest desire to move here for the +o aa a change or sue. irrespective of bonus. The operations or the corporation would be as beneiicent as that of a building and loan society, the op- erations of which it would greatly resemble the only difference really being that us accumulated funds would be used from -aay to day and from month to month not for inc securing of homes for it's members, but for the securing of industries for the benefit of it's members.
 J. BOWRON.