The Hawaiian gazette. [volume] (Honolulu [Oahu, Hawaii]) 1865-1918, 1904-07-01
HOME BUILDING SCHEME to-
Be LOOKED into SOON
Unknown Backers Of Local Enterprise
Portuguese and Natives Investing in
Concern Of Doubtful Standing.

for No. 3. No. by this cooperation
would get his horne in 10 months and
have It al paid for in 100 months, max
ing a net saving to the last man of 3S
months over what would have been
possible without cooperation.
When 13S months have expired that
1t would haye taken them to secure
home without cooperation, they find
that by this cooperation they have
paid for :heir homes and have COM
bined savings to the amount of $6,30000
in addition thereto. After paying 80
cents u month for expenses, it leaves
a net saving of $5,95500 besides their
homes.
'If five laborers can shorten the time
3S months by cooperation how much
greater saving of time will result IL
there are 1000 persons cooperating on
this plan for the same purpose?"
on June 27th papers were filed in the
Treasurer's office showing that on
March 25th partnership, known as
the Cooperative Home Purchasing
Society,"" was entered into by r. 7.
Rodgers, C. II. Sedgebeer. and Fanny
Strauch. No one was seen yesterday
by an Advertiser reporter who could
say who T.. r. Rodgers was. There is
a Charles II. Sedgebeer who is in the
Fire Department. Fanny Strauch is
the wife of +. e. r. Strauch, who is
manager of the concern.
In a portion of the Society's booklet
it states:
PROTECTION AND GUARANTEE.
"The Equitable Underwriting and
Trust Co., dnc.) capital 100000 fully
paid, Guarantees the payment of our
contracts. This affords absolute secur-
ity to the contract holder. The fee is
$100 for each contract
THE above Trust Company is one of
the strongest corporations in existence.
When they guarantee our contracts, we
must have an investment contract as
near perfect as possible, and We have
made every provision for safety and
stability. Cooperative Home Pur-
chasing Society. Per p. E. r. Strauch,
Manager
"The Equitable Underwriting and
Trust Company of San Francisco,
California, Gncorporated): Thos. 7.
Lyon, Manager American Chemical Co.,
President; Robert b. Smith, Ex-Gov-
ernor of iIontana, 1st Vice President;
Geo. F. Halla, Bellingham Bay Lum-
Der Co.. 2nd Vice President; f. c.
Kaufman, Secretary; Depository,
Western National Bank; Capital Qully
paid, $5OOOOO.O0."
On September 16. 1908, p. II. Burnette
secured a judgment against p. f. r.
Strauch for S2944.5O. This judgment
has not been satisfied and on Thurs
day Strauch is to be examined in
Judge Robinson's court as a judgment
debtor. The court, in it's examination,
may learn considerable of the affairs
of the Society.
One of the leaflets issued by Strauch
says:
Honolulu. May 13. 1904.
"Mr. p E. r. Strauch, Manager Co
Operative Home Purchasing Soci-
ETY.. 92S Fort St, Honolulu.
Dear sir: l wish to thank you for
all the money your Society gave me to
pay off my mortgage and enough to
repair my house. now can save the II
per cent interest | had to pay on my
mortgage. l feel very glad that your
society has helped me so promptly, as
had paid into the society only $3.50
and l received $4,000 from your So
Clely. IN snort time l VIII nave pau
my debt and owe nobody one cent
Your society of which 1 am a proud
member, has saved my house and home
and shall always thank you for help
ing me and my family.
LAS your highest aim is to help each
member of your society out of trouble,
I know that thousands of families in
the Hawaiian Islands will join our So
ciety, cooperate with us, and be bless
ed by it.
II shall tell all my friends about your
work.
Expecting to see the number of our
society reach into the thousands soon.
II remain,
Yours with aloha,
ROBERT CLARK,
"City Repair Shop, 1913 Bethel Street,
| Honolulu"