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,BUILDING SOCIETIES.

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BUILDING SOCIETIES. At a time when efforts are being made to spread 'sound intelligence amongst the working classes, •^id when, aware of the selfish objects of unprinci- iP'ed demagogues, who would raise themselves to 11 ^'ealth and power, by stepping on the necks of their j^upes, the industrious are beginning to act in a fanner conducive to their own social comforts and ■fespectability, practical projects, based upon ilitable principles, and which are fenced round y proper preventive checks against the designing I the fraudful, are fitting ones for a public paper. Amongst such undertakings, one of the latest -that is in its present form, and at the same time °*ie of the most feasible—is that which proposes to Confer upon every man, who has the means of lay- ing by a comparatively small amount weekly, the V^mfort and advantage of possessing a habitation j?* his own. Rent is unlike many other payments, r' a man buy an article, he receives that article, r"d it is his own in perpetuity. If he rents any- fy'ng, he may pay its value once, twice, thrice, six I lines, and yet have no more property in it than at he first. Not that there is any injustice on the °f the owner. Persons who build or buy »ements and keep them in proper repair, usually but a moderate profit on their capital; less, ''deed, generally, than is made in operations of "siness; while there is, especially with small mi,ch risk of losing the rent, besides nous fluctuations in value, where employment is 'r. There is, therefore, no fault with the tab?erVSenerally sPeak'ng- It is one of the inevi- onl 6 ac^van^ages of poverty, that he who can liab> n,.anaee to pay so much periodically, for a nation to shelter him, may, in a number of pears, pay treble or fourfold what would have pur- ,c iased that habitation, if he had the sum at a given [time. 1A however, any means can be devised, by .Vii *'le occupant may so purchase, and (after Rowing for certain necessary charges) obtain the 0l'se, or some other, for its value, and escape the jPayment of the surplus during the rest of his life, le advarftage is evident. hi °uV' may ^one> auy one advance a»d h'6 SU1n' anc^ l)ack small repayments ac i building societies propose to do, the theUm ^'°n ^ur,ds enabling them to effect it, in n most advantageous manner, for all concerned. y 9 observer may ask why those classes ,lUch can lay by any thing do not do so, without wtervention, charge, or risk, of a society ? ut no practical man, though he may not be exactly poor, in the present state of things, will Qsk such a question, On the same ground, why should there be Benefit Societies, or Life As- ^fances ? The reason is, that in a state of society Ike ours, the demand for money, in the middle as as the lower classes, is always greater than e supply and any reserve within reach is broken ttto in time of pressure. But when money is paid Jrlto a fund, it is safe, and there is the stimulus of losing the benefit, to induce exertion in times i0^ difficulty. ] The principle of these societies is excellent Fly let proper persons be selected as Trustees and ■rectors, and no working man or small tradesman need hesitate to join them. Indeed, persons in a jhigher situation might find this the best means of °btaining freehold property, since one person may take a number of shares and such parties taking a,i interest in the working of the societies, would give them stability, and add to the confidence of the public. We understand that arrangements for the es- tablishment of undertakings of this kind, according j to the most approved and equitable plans, are being Matured in this town. We shall watch their i Progress anxiously, and sincerely do we hope that j hey wilj induce provident habits and efforts for uture comfort, among the toiling classes. Z!- n

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