The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1912-06-08
Home Problem in Richmond
Is Daily Causing a Loss of
Hundreds of Dollars to the
City, 1t Is Said.
VACANT HOUSES
IN GREAT DEMAND
New Factory Brings Ques-
ton to Front-Commercial
Club May Organize Com
pany to Erect Houses.

The home problem which is caus-
ing daily loss of hundreds of dollars
to Richmond, because of the number
of men who would bring their families
here to live if they could find homes,
will soon be brought to the attention
of the members of the Commercial
Club, and an attempt will be made to
form stock company to erect houses.
The company would build and rent
the homes to prospective buyers,
eventually selling the tenants the
houses on payments, allowing the in
vestors small return on their invest
ment, but at the same time guarding
the interests of the home seeker.
The addition of the Castle Lamp
company to the many factory enter
prises of this city will again bring the
home question to the front. Esti
mates for the remodeling of the build
ing have been prepared, and it is be-
lieved that within a short time, the
This will bring from seventy-five to
one hundred families to this city from
Amesbury, the present home of this
factory. To accommodate these peo-
pie, homes must be built At present
local company is building a string
of twelve homes on South Eleventh
street, but this small number will not
materially relieve the situation. A
conservative estimate of the number
OF homes actually needed here Is f68.
1t is said that this number of houses
could be rented in two weeks. There
are at present hundreds of men work
| ing in the shops of this city who
would move their families here if they
could find homes.
City Losing Money.
The money which would in this
! manner be spent in Richmond, is a
/ dead loss to the city, it is said, for
| these men receive their wages here,
and spend it elsewhere. If they and
their families could be accommodated
/ in Richmond, the entire sum devoted
to their payment as laborers in the
| ClIy Woulu stay III tlSHulOuu.
| The new lamp company is expected
to boom real estate in West Richmond
and Fairview. There are few houses
in the city which rent for SO and $12
per month, the average rental for
houses for the average laboring man.
/ These sections of the city are resi-
dence sections only and both are close
| to the old Richmond manufacturing
company building, which is to be used
by the new lamp company. The lamp
company will employ about 200 men
and the average selling output of the
company is said to be $500,00O. Lots
in Fairview and West Richmond,
which can be covered with houses
rented at moderate sum, will be in
/ demand, and it is probable that the
! new company which is to be organic
ed to supply homes to the citizens of
! this city will take recognizance of the
value of these sections as residence
districts, having the effect of greatly
booming values in these sections.
| The Commercial club within a
month will have this matter up for
consideration, and it is expected ac-
tion will follow soon. 1t is absolutely
1 essential that many new homes be
| erected here when the new lamp COM
pany starts operation, in order to meet
the demand