The Bennington evening banner. (Bennington, Vt.) 19??-1961, 1919-08-02
CORPORATE BUILDING

located the village of White River
junction, has tackled the housing
problem in what seems to be the only
practical manner, when one takes in
to consideration The present condi
ton in the building trade. Through
q committee from its board of trade
it has organized the Hartford Build
ing association with a capital stock
of $4,000. The company will at once
begin the construction of five houses
for the purpose OF increasing the
number of tenements of which there
is not one vacant in the village at
the present time.
The corporation has selected it's
site ON a good residence street and
has divided a plot of land into 90x90
feet lots. The houses are to be 26x24
feet, two stories high with six rooms
and modern conyeniences. The cor
poration is organized without the ex-
pectation OF making money but en-
tirely for the purpose of improving
the housing conditions in the town of
Hartford.
Few individuals in Bennington or
in other small communities are build
| ing tenement houses at the present
time. The cost of materials is so
high that the man who would other
wise build for investment fears to
take the chance Costs may 20 high.
er and it is predicted that they win,
but they are high enough now to
keep the individual thoroughly scared
A corporation with the necessary
capital ensured is in position to
build aannmber % houses at less
cost for each unit than an individual.
1t is able to buy in quantities and Sc
cure better price and let out the
job to contracting firm which
makes business OF such work and
cut exepnses. A good foreman is
able to supervise the construction OF
half a dozen houses at the same time
and there are other ways in which
money may be made to accomplish
greater results.
The Hartford Building association
has taken up the project without the
expectation OF making individual pro
fits for the stockholders, but the men
who are putting in their money may
be agreeably disappointed To an
outsider the plan looks better from
a financial standpoint than numerous
Industrial ventures that have been
taken in many towns in Vermont.
Business and professional men, mer.
chants and manufacturers often times
do not hesitate to make investments
in the stocks of companies formed
for the production of different ar
ticles. Through mismanagement, fail
ure TO secure markets and other rea-
sons many of these corporations
have ended in failure. The costly
buildings and machinery are sold for
a fraction of their original cost and
stockholders are out of pocket. In
stances OF this Kind are too nimer-
GUS to mention.
In case like that of the Hartford
Building association the risk Of
total loss or loss approaching total is
practically impossible Unlels the
railroads that pass through White
River Junction are wiped out of ex-
istence people will continue to desire
tenements in that village for years to
come. There is the possibility of
growth that may make the property
of the association more valuable in
the future. The stockholders may
have made their organization be-
cause of a desire to help their home
town. They may make money Not
infrequently patriotism pays in dollars
and cents.