Evening star. [volume] (Washington, D.C.) 1854-1972, 1901-04-11

patterned after them until many more
houses than We have built have been
erected on these lines. My opinion is that
no competition coming in ten years will
affect our houses.
One thing that 1 want to see done is
the accumulation of a surplus. We have a
large surplus now, for the reason that we
have had To leave some of our money idle
while we Were erecting buildings
AS / said before. Gen. Sternberg has led
US In this movement. and | believe he is
building himself monument. 1 do not
know what work could be more benefcent
to mankind than these sanitary improved
houses at fair rentals. and we are all
Kober. who has not only performed the
business, but has actually done the clerical
work. the Keeping of the books. &c"
Mr.. WOodward's Comment.
Mr.. S. W. Woodward also said it was
Gen. Sternberg who brought the matter
forward four years ago in the central re-
lief committee, as one Of the opinion that
1t was necessary to better the condition of
the working people of the city
4 do not think L needed much encour-
agement. however, to become identified
with the company" remarked Mr.. Wood
ward. 1t has been a very pleasant and
agreeable situation for all. / recall our
first public meeting in Foundry Church I
think, when Mr.. Justice Brewer said that
ter than philanthropy with ) per cent I'M
less 1t was philanthropy and per cent:
ana inasmuch as q per cent return of
money has a long time passed. 1t has oc-
CURED to the board of directors Of the
company that our return of per cent has
been pretty satisfactory. While DR. Koher
mas thought that the stock has been taken
rather slowly at times, still PERTAINS our
progress has been as rapid as we cni,id ex-
pect. shall be very glad IL we can 90
on and take up our entire capital of
$500 900. ~
Mr.. Edison has spoken of the number of
local builders who had adopted our plan
and were also building our style of houses
1t would be interesting to the stockhold
eTs, am sure IL we could give them some
idea OF the extent to which this has been
done. Perhaps, however. 1t will be suff1-
Client for them to know that the influence
has been very great in that direction. and
that, with 5000 600 to $500, 900 of our stock
taken up. it Is certain that We could work
a transformation in the class OF houses oc-
cupied by the unskilled wage-earners of
our city"
An Effective Trio.
In the course of a short address, Mr.. F
s. Parker remarked that capital labor
and business ability are a trio that will
make anything go. Capital can usually
take care of itself. and ought to look after
labor, he-said. 1T is a combination that
is absolutely essential for any great an
dertaking L can say that you have not
oihS circuit among yourselves, but that
you have credit outside in the commercial
world.
1T was surprising to know that houses
with all the comforts and conveniences Of
those which you built could be erected
for the amount of money which they cost,
about 81 200 or 81, 500 an apartment.
1T seems remarkable you can build
houses of that kind and accommodate the
wage Garner with the comforts of home
with such little investment and with
such small rent" commented Mr.. Parker.
In his annual report the president stated.