Show y T zol jaff f f ii VOICES THE PEOPLE f y tie the ti 9 and ni I 1 sailing editor Hl 1113 KALD the 0 den building bui iding and savings association assoni has been inaugurated by the live liy business men of cf oden ogden city and using a phrase has come to stay almost lOOsh hares area of its ca capital ital stock have been subscribed anlap and applications pl s arc are made to the secretary daily by new members forstock for stock at the lat session of the board of directors which is composed of some of the boat best most careful and successful business men of our city a loan of to one of its member members bearing only loper cent per perlin annum ilum which is standing rate of anter est adopted al opted by the association 1 was approved and anil its respective i member cm will obtain the first benefit ar rising from the association in the shape of having a house erected in which liia his family can live in peace where without ax experiencing the danger danker and algid annoyance from vulgar landlords he can cala improve liis his biome m e to his hearts content and turn a lonely barren place into inton a little paradise which cau be enjoyed benj oyed bhim by bini and his family r from to will ba be in hi the treasury rea ury at the next monthly meeting and if ro is talen the amount w will ila be correspondingly larger la and another man and liis his family f am I 1 will be made happy by enjoying I 1 the sweet thought of colne inline comfort COM tOrt now if the stock of thi association which amounts to shares is all taken which will be in time the income of the association will be monthly which is sufficient to build bornes for three or four of fits its members the monthly i ent paid at the present time by tenants will wil I 1 be sufficient to pay its montal monthly y assessment on liis his block stoel and pay tho the interest on oil the t c money loaned from the association to erce t his building which I 1 will demonstrate and explain tile correctness my assertion mr B takes ten tell shares of stock ef in tl the building association which 1000 par value after paid laid up for these ten shares lie pays 61 il per share or 10 per month to secure himself hims elfand and amily a home for which purpose purpose ho be borrows 1 1000 from the association on which the th monthly interest will be 81 a at total monthly payment of 1 on interest of borrowed money and assessments ass elli meats on hi astock with the obtained from the association be lie can erect a house ot of at least five rooms to his own and convenience which house if rented would cost him at least el 0 monthly rent of 18 or perhaps 20 but for our demonstration take the basis rate of 18 therefore between betwee n renting the same house for 11 or which lie li paya ays 18 and obtaining bock in the building association ass ii and having ma house erected by the same for which lie pays 1813 18 13 1 3 we have a difference of 33 13 1 3 cents in excess each and every month for tho the privilege of living in his bi own house houge as against residing in a rented house difference is ii only one olle showing itself 1 oh the surface as the interest terest and gain of tho association are applied as dividends on the en ens tire amount of stock taken and und therefore mr B aa as a borrower and stockholder will obtain on hisscock his stock fully as much dividends to the share as an another jtb cr member will obtain who is h not a borrower inthe entire amount of tho the stock of oft the he association is is taken tho the stock will wi I 1 I 1 lie be paid ti up 1 within six yeargin clouding the monthly dividends therefore the 1000 of stock obtained by B will bo be worth 1000 after the expiration of six years after which time ho lie returns his stock to the association which represents 1000 in cash cali and his mortgage is canceled i e led and the in industrious dust rious us wise wise and well calculate in ing mr B owns his home free j from all indebtedness As above demonstrated B pays p as house rent in in six six years ft a 18 per month to a total of 1296 tins this large shown here is paid to the landlord without having any comfort and no earthly show of ever seeing a single cent again and alia besides of improving very often the property so rented for which tho the ft essee lias to pay then there is is another item it em which may be well considered it Is the cost of movin ing about twice a year at a cost fo for each timo of 6 total m in six yearn beirs 72 tho the last named item is is very seldom figured up as an expense 10 and therefore we will omit it also the wear and tearon tear on carpet or forn furniture iture on the other hand liand mr alir B if a member of the building association would pay for assessments on his 1000 stock 10 per month a total an fn in six years of and a 1000 loan to aree erect t hh his house at 10 per cent per annum in eix six years CUO a total of 1320 deducting from this thi athe the par value of his 1000 stock we have left against 1296 out of the pocket of mr tenant the member of the build in association will be a re net gainer within sit years year of against the nonmember non member there are always 8 opportunities 41 i offered in life to better r t the e financial financial condition of ourselves but few see and grasp it while the majority iok lok on without taking advantage advant aga of tho same above we haye baye demonstrated the many advantages offered by this association these arc are advantages fully as ns striking as an investment for young youn men zhen for the purpose of accumulating a bertaini iii amount of capital wilh with which to start in life ea even for the rich capitalist this company compau 0 offers ff ers ad vantages vant van t agea a w bach cabaot I 1 it bo 4 found outside of it it fj f A aa is stated before this association ari awre mar inducements for fo i r tho tile in ill d s I 1 is ly I 1 and lias ms t ta lelyu ni ill a rented house for which he pays a 1 portion niti oo of his lii i monthly earnings earning never liever receiving a ce cent nt in return therefore I 1 hope this class of citizens nill ivill seo see and graap grasp this golden 0 opportunity p port unity as each months delay is a more serious damage to them than to the association it any one outside of the association desires any further information on this subject I 1 will gladly give it cither either through your y valuable paper or by calling at my office C i very respectfully yours DANL D A L UX A N D E ft |