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Show OWN YOCR OWN HOME. The Way to Get a Home Without Having to be a Capitalist. Mr. P. Fori, the state agent of the National Na-tional Co-operative Building and. Investment In-vestment association, in explanation of what the company proposed to do, stated to a representativ e of The Times that it was the object of the association to save lor the members the profits made by parties .and the contractors building houses which are sold on monthly payments. The association, continued Mr. Ferl, proposes to erect houses for'its members, each and every one of whom shall be entitled to his share of the profits in accordance ac-cordance with the , amount of slock held by each individual, and to charge the very low rate of six per cent interest on the, loan, so as to make it possible, for any member to secure his home for just about what his rent Mill cost him. We are enabled to do this, as every month interest is paid in with the dues, and loaned out to new business, busi-ness, thus com pounding the interest every month. You will be perhaps surprised, sur-prised, but the interest on one dollar compounded every month will in one hundred years amount to almost one hundred thousand dollars. Let ine explain ex-plain how very little this will cost the borrower, who is at the same lime saving sav-ing his rent- Suppose you want a $2000 home. It will cost: Initiation fee on 24 shares $ 24 00 Dues on 24 shares for 12 months 171 80 l',Mi 80 Monthly pavinents thereafter will lie: Dues....."....'. 14 40 Interest .' 10 00 m 40 We estimate the total eol and prolit on a $2000 property taking seven years as a basis (l he. time required may he a little more or a little less than seven years), will be: The initiation fee on 21 shares.! 24.00 Dues on 24 shares for 7 vears. . 1,2011.(30 Interest sit per cent on $2000 for 7 years 840.00 'Total cost of properly for7 years $2,073.00 Value of 24 shares at maturity. $2,400.00 Total cost of property to buyer 3,072.00 Slaking reduction oncost of property of.-. 32H.40 Thich is returned to the shareholder on maturity of shares. You can see by this plain statement, the member that borrows from the association asso-ciation saves large profits and shares hi the profits of the association, and in about seven years owns his homo that has cost him just about what his rent would cost him during that time. Mr. Fcli can be found at the oflice of tho company, room No. iJ, at No. 23 East First South street. He. will take pleasure pleas-ure in explaining flic detailed workings of the association to all who wish to be-como be-como members. ' . |