The Pioche record. [volume] (Pioche, Nev.) 1908-1925, 1920-08-06

building materials, all bur six BEGAN,
discouraged and dropped out.
Six families. however, refused to re-
ilnquish the project. and saw Il
through to the bitter end. They pro-
posed to build 16-family apartment
house. and found themselves facing the
problem Of raising $4,000. A treas
urer was appointed, and each family
paid weekly installments to the com
munal treasury until they had 5000
IN a box. With this they bought .
building plot. The rest OF the money
they obtained from a cooperative 90
ciety's bank In the form of first and
second mortgages.
Much OF the building was done BY
the men Of the six families, all OF
whom took special pride in their
work and strOve frantically to outri-
val one another In painting and plas-
tering various rooms. Their task com
plefed. the co-operators moved in.
heavily In debt as 1t might seem to the
unco-operative. Actually, however.
tney were paying interest on their own
debts, and not on the debts Of some
landlord. That interest, together with
substantial monthly payments on prln-
cipal, taxes, general upkeep, and 9TH
er expenses, amounted to considerably
less than they would have paid in
rent for apartments Of the same size.
Each family had light, five-room
apartment, with all modern improve.
ments including telephone, hot and
co'd water, bath room and a kitchen
mot kitchenette) and for these ac-
commodations they paid into the COM
mon building fund $26.35 a month.
Then Came the Rush!
As 1t became known that such homes
could be obtained at such a remarka-
Oily low price. the first six co-operators
were overwhelmed with applications
from other families, who wished ia
JOIN the movement. The house was
soon full Of tenants. but SO great was
the demand for similar accommoda-
tons that another cooperative group
was organized to build a second apart
ment house. This time the co-opera-
tors were not SO timid In risking their
money. and decided that their house
should be even bigger with even great-
pr conveniences.
Incidentally, It was to cost $4,000
more, due not to the added improve
ments but to the increased cost OF
materials. The cost of the
after rose SO rapidly that third
group, which was on the point of Or
decided to defer building
Until conditions became trife less
chaotic and the cost Of bricks went
Town.
Envy Of Less Enterprisino.
This was two years ago. Tula,
hese progressive, cooperative Firms
re the envy Of all their less enterpris
ng neighbOrs. They are enjoying
YARN, comfortable and convenient
zones at small cost at time when
AMY individuals are reduced to IN
rHakeshifts and all are Ia
endent on he none too tender mer>
les OF their landlords.
Each family Is permitted to nav on
IS share Of the principal as RAPIDLY :,
ossible, and several Of them have
early achieved complete ownership OF
heir apartments. Others, moving r.
Their cities, have been compelled r.
nrantly to part with theirs. ,,nrv
nc obstruction is place Oh the sale az
a apartment. and that Is the proyi-
on that only ono apartment may o.
~ned by each family-in order r.
aintain the true cooperative nature
the colony.
thus, the Firms have shown ms aow
make the most Of Il Z motto on .,ur
'tional currency, I'm union there :
req S,n.-reds'ic J. Uaskin in ~