New Britain herald., 1925-11-14
Bristol Mews
S3OO,OOO IN CHECKS
 ID BE DISTRIBUTED
Investors in Bristol Realty Co.
 Get Money Back
RECORD FOR ENTIRE NATION


 Rain ReplcniShcs Water Supply -
 Charleston Banned at Endec
 Girls Club Dancc-Crook Poses
 as Policeman and Gets O,crCoat
 AS result Of stockholders meeting followed by a directors meeting, checks will go forward in the mails next Monday to practi- cally all individual stockholders of the Bristol Realty Co. and shortly afterwards 10 a large number of industrial firms holding stock these payments establishing a rec ord that is unprecedented in hous- ing developments in this country. These checks wilt represent a re- turn of one hundred cents on tho dollar to those who contributed funds through the subscribing of stock to the company that pro- vided housing facilities in this city during and following tho World war, Over $S0O,000 will be distri- hutcd in checks between next Mon day and January l.
 It Is probable that no other war time housing development in this country can duplicate this record and naturally the officers and di- rectors of the company take pride in the showing that has been made. In addition many merchants, pro- fcSSional men and others realize what the providing of these houses meant at critical time in Bristol, for when the realty company com menCcd it's housing developments, rents were at a premium. At one time there were 90 applicants for one rent and for months rooms in the city did double duty, being va cated by the day shifts and being immediately occupied by men com ing from the night shifts.
 started With S50.OOO
 The Bristol Realty Go. com mcnced housing operations in 1918 with capital of S50.0Q0 sub scrbed by the merchants, manu- lecturers and public spirited Citi- 2cns. The first houses erected on South and West streets immediate ly found tenants, many ot whom became the owners of their homes, for 1t was the policy of the con- pany to erect hous, s, rent and then sell them. using the money thus received 10 build additional houses.
 Capital Increased to St00,000
 Then in 1916 came the demand ' for more houses and the capital ot 3ihe company was increased tC | $lno.000 subscribed without grca' effort. The old basehall diamond where state league games hal been played was purchased with additional surrounding property upon which go houses were erected providing homes for l1S families Today if represents a very fine , rosidontial section of the city. The Million EGilar Company In 1919 tine housing shortage again becoming acute, A Boosters club was formed. InspirationaI meetings were held al which Dan Reed and Congressman Bege spoke. The women's meetings were attended by scores Of women lead CTS throughout the city. At a man. moth Booster meeting sponsored hy the Chamber of Commerce held in the armory on Prospect street the industries, merchants and civic traders subscribed for stock in an effort to increase the capitalization to $l.000, ,000. With energetic team workers the campaign sUrged for ward and within few days to- | tai of $l.0oO,050 had been pledged land tha great development Of 191t was undcr way. The increased capi ttal made possible the construction of GN houses on what is known a! Ithc Barnes tract and 7S houses ol the Riley tract with a few addi tional houses scattered around th' city. These houses provided for All families.
 Big Selling Campaign
 Early this spring the directors 0 itho company decided that the tim ihad come to sell these houses ar ranging that tenants and BristC ipcoplc hc allowed to purChas them at 1916 prices, which are con sidcrahly below present day con struction prices. The real estat mon were invited 10 participate 1 the sale with the result that noarl hoo people have become hom owners, buying the houses on eas learns at prices much below in present day cost. The banks Of tn city cooperatcd with the realt company in arranging the mort gage loans.
 Dollar for Dollar
 While many persons pnt none into the company as a civic dut Inoycr expecting to get return O one hundred cents on the dollar