USA > North Carolina > Mecklenburg County > Charlotte > Directory of the City of Charlotte, N.C. [1896-1897] > Part 1
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S. CHADWICK,
President and Treasurer.
Charlotte Macinae Company
Engineers, Contractors nt
Rakers in Machinery. Snc. Cotton Flachiner, and Cultor. Mill Equipment.
De Southern ' verts For
The A ... Mertor Machine (.'s (me . Feed ;, "rea' cis and Lappers ; Pettee
Mach'! Works' Revolving T. & Is. Coilr . . ' av Hcads and Drawing Fram , ". s.uence Machine Co." Revis very , :
1cs & Jenks Machine Co.'s pining and Twisting Mamivery; Ha . & Burnham Machine Co.'s Spocli,z Machinery; Cohoes Iron Fr .Indry ?EG . . achine Works' Slasher Room Machinery ; Knowles Loom Works' Plain uvi Fallry Looms and Dobhies : Curtis & Marble Machine Co.'s Cloth Room Machinery : Boomer & Boschert Press Co.'s Baling Presses : Corliss Steam Engine Co.'s Corliss Engines and Boilers; U. S. Aerophor Co.'s Air Moistening Apparatus.
&co.'s Heating . Apparatus and mater. Porel Insfission Plants ; Jo1 ... . Hangers, Pulleys, Couplings, etc .; / pin; .
: N'. Rius ; General Electric . O.'s .; including Electric Light .Ind ::: 's Cold Rolled Steel Shafting, sprinklers for fire protection.
Correspondeiny Solicited.
^ )2 to 204 South Tryon Street, .
CHARLOTTE, N. C.
Charlotte Cy Directory
1891-97
IN UP-TO-1.
3:HING STORE WHERE 19
lothir . :
vernishings
AT MODERATE PRICES.
.rything from a Necktie to an Over at-ONE FRICE-money back if you kan *t.
LESLIE & ROGERS,
CLOTHIERS ANO FORTHISHERS
CHARLOTTE, N. C. 8:2: West Trade Street,
The Charlotte Supply Co.,
CHARLOTTE, N. C.
General Mill Furnishers and Manufacturers
of Pure Oak Tanned Leather Belting. N.C.
SUPPLIES, MA(
C1. 975.669 Bk. C4795
Trinity College Library Durham, N. C.
TOOLS, Etc.
We study the complete stock c We pay parti mills.
0 and carry a ent of new
DOUBL DITIO
RU
IRY.
Rec'd Our. 19,1915 Judge P. C. Graham Donor
W E furnish a pure milk from a herd of well selected cows. Our cows have good attention, kind treatment, comfortable quarters, and the "eye of the master" is upon them every day.
Our city delivery is regular, prompt, and managed systematically. We have pure-bred Jersey stock of either sex for sale. Pleased to show stock, etc., to visitors any week day. No visitors welcome on Sundays. C. C. MOORE.
S. A. L.
When you wish to Travel Or to Ship Freight
NORTH, EAST, SOUTH or WEST,
remember the excellent service of
The Seaboard Air-Line.
The Lowest Rates, Quickest Time and Safest Carriage.
DOUBLE DAILY PASSENGER SERVICE, comprising a superb
VESTIBULED LIMITED TRAIN,
Operated solid between WASHINGTON and ATLANTA, upon which NO EXTRA FARE IS CHARGED.
Inter-State Express Freight.
Time between New York and Charlotte 48 hours.
Special Attention to TIME SHIPMENTS.
E. ST. JOHN, Vice President.
H. W. B. GLOVER,
Traffic Manager.
T. J. ANDERSON, Gen'1 Passenger Agent.
C. R. CAPPS,
Gen'1 Freight Agent.
1Racket Store, ....
Wholesale and Retail Dealers in General Merchandise.
Largest and Cheapest Stock in the State.
Open at all times to bid on Bankrupt Stocks.
Williams, Thood & Co. Successors to W. 3. Davis & Co.
IT'S HARD TO MAKE THE HOME ATTRACTIVE WITHOUT A
PIANO or ORGAN Here is the greatest line ever offered in the South.
PIANOS.
Chickering & Sons,
Ivers & Pond,
Vose & Sons, Everett, Kimball, Mathushek & Son.
IVERS & POND.
ORGANS.
Packard,
Clough &
Warren,
Farrand &
Votey,
Kimball,
Symphony.
If you can't reach the Piano or Organ, I will seil you a Guitar, Mandolin, Banjo or Violin.
I have the agency for COLUMBIA BICYCLES, and carry a full line in stock. Columbias are acknowledged to be the STANDARD OF THE WORLD even by competitors ; still if you do not feel that you want to pay the Columbia price, I can offer you the Hartford, made by the same company, at $60.00. F. H. ANDREWS, E. M. ANDREWS, Charlotte, N. C. Manager Music Department.
---
A
DIRECTORY
OF THE
City of Charlotte, N. C.,
FOR
1896 and 1897.
r
1
5
-
PUBLISHED BY
THE CHARLOTTE DIRECTORY CO ..
44957
CHARLOTTE, N. C. Cheaver Printing and Publishing House, 18 6.
6
PUBLISHERS' PREFACE.
PUBLISHERS' PREFACE.
The publishers of this Directory present it to the people of Charlotte in general and their patrons in particular with the hope that it may meet with their approbation. They have devoted much of their time to the compiling of this work, and their endeavor has been to arrive at the greatest accuracy that is possible to be attained. They have selected all and only such material as they think will be of use to their patrons, and make the work a valuable reference book for them and one which they will be glad to keep always by their side. That they have made no errors they scarcely dare to hope, but if there be any such, they trust that their friends will remember that they have done their best.
FY CHARLOTTE DIRECTORY Co.
7.
CHARLOTTE.
917. 5669 C 479 C
CHARLOTTE.
1896-97
HARLOTTE is the county seat of Mecklenburg County, N. C., and is situated about midway between Richmond and Atlanta, and is the most important town between these two points on the Southern Railway. She possesses manifold advantages on account of her position as a railway centre, her situation in the midst of a splendid agricultural country, pierced by beautiful roads, macadamized for many miles, extending from Charlotte as a center like radii of a circle, and, thirdly, on account of her fine climate, reports of which have drawn many weary seekers for health within her borders.
Charlotte is a very old and historic place, having been in existence since long before the Revolution. Here it was that the good old patriots used to assemble in days gone by, to discuss the unjust tyranny of the mother country, and here it was that they first gave expression in public to their determination to submit no longer to the burdens which were imposed upon them. On the Public Square the stranger can see a slab dedicated by their loving descendants to the brave old signers of the first Decla- ration of Independence in the Colonies.
Her people descended from such a noble race as this, have inherited many of their good qualities, not the least among which are their hospitality and their kindness to all strangers who come within the borders of their town.
The growth of Charlotte in the last few years has been noth- ing less than marvellous. This is seen in the widening of almost every branch of business and in the large increase in population. All this growth has taken place without the faintest semblance of a boom, her success being based upon a firm and lasting foundation.
POPULATION.
The population of Charlotte has nearly doubled between 1890
8
CHARLOTTE.
and 1895. Her population in 1890 was 11,557. She now has within her limits and immediate suburbs 19,651 inhabitants.
PUBLIC BUILDINGS.
City Hall .- Charlotte has very lately erected a new City Hall, with offices for all the city officials, attached to which are a Guard House and a building for the Fire Department. Within this building is a large auditorium. No doubt this City Hall is the handsomest in the State. The building and grounds cost $55,000. It is located on the corner of Fifth and Tryon streets.
Court House .- The County Commissioners have purchased the grounds and made all arrangements for the erection of a very handsome Court House in the city of Charlotte, which will cost grounds and all, $75,000. This building will be located on the corner of Third and Tryon streets.
Government Building .- On the corner of Trade and Mint streets is a Government Building, erected by the United States Government at a cost of $100,000, in which are the Post Office, United States Court Room and the Government Signal Office. Mr. T. R. Robertson is Postmaster, and also Custodian of the Government Building. Miss Laura Guion is the Assistant Post- master. S. L. Dosher is the United States Signal Officer in charge.
U. S. Mint .- Next to this building is the United States Assay Office, of which Capt. W. E. Ardrey is at present the Assayer in charge, and Mr. George B. Hanna is his assistant.
CHURCHES.
There is no feature of Charlotte which is more beautiful and attractive than her Churches. She is recognized by all to pos- sess more advantages in this respect than any town of her size in the South. In the city there are twenty-three Churches-thir- teen for the white people and ten for the colored. Below is a list of the Churches, both white and colored, which list also in- cludes several chapels, which are under control of the various white Churches.
(WHITE.)
METHODIST-Tryon Street Methodist, corner Tryon and Sixth streets. Rev. W. W. Bays, D. D., pastor ; J. S. Spencer, Chair- man Board of Stewards ; A. H. Wearn, Secretary Board of Stew- ards.
9
CHARLOTTE.
Trinity Methodist Church, corner Second and Tryon ; services for present in Y. M. C. A. Hall. Rev. L. B. Turrentine, Pastor ; M. C. Mayer, Chairman Board of Stewards ; J. W. Cuthbertson, Secretary Board of Stewards.
Church Street Methodist Church, South Church street, near Hill. Rev. H. L. Atkins, Pastor; W. F. Strange, Chairman Board of Stewards; W. T. Holder, Secretary.
Brevard Street Methodist Church, Brevard street, between Elev- enth and Twelfth streets. Rev. J. E. Hoover, Pastor; H. T. Rollins, Chairman Board of Stewards; C. E. Smith, Secretary Board of Stewards.
Congregational M. E. Church, Groveton, N. W. Charlotte.
Methodist Sunday School and Mission, West Eleventh street, between Graham and Smith, J. E. Jones, Superintendent Sun- day School and Mission.
PRESBYTERIAN .- First Presbyterian Church, West Trade be- tween Church and Poplar and Trade and Fifth streets. Rev. John A. Preston, D. D., Pastor ; Calvin Scott, Clerk of Session ; R. E. Cochrane, Chairman Board of Deacons.
North Side Chapel (First Presbyterian Church), corner Smith and Thirteenth streets. A. G. Brenizer, Superintendent Sunday School and Mission.
Victor Mill Chapel (First Presbyterian Church), South Cedar street. J. E. Brown, Superintendent Sunday School and Mis- sion.
Second Presbyterian Church, N. Tryon, between Fifth and Sixth streets. Rev. J. W. Stagg, Pastor ; J. B. Rankin, Clerk of Session ; B. W. Barnett, Chairman Board of Deacons.
East Side Chapel (Second Presbyterian Church), North Cald- well street and Railroad. George M. Phifer, Superintendent Sunday School and Mission.
Atherton Mill Sunday School (Second Presbyterian Church), in Lyceum at Atherton Mills. Arch. M. Young, Superintend- ent Sunday School and Mission.
Graham Street Presbyterian Church, Graham street, between Sixth and Seventh streets. Rev. W. G. White, Pastor; R. B. Alexander, Clerk of Session.
Associate Reformed Presbyterian Church, corner Tryon and
IO
CHARLOTTE.
Third streets. Pastorate unfilled; T. R. Magill, Clerk of Ses- sion ; T. P. Spratt, Chairman Board of Deacons.
BAPTIST .- Tryon Street Baptist Church, Tryon street between Sixth and Seventh Streets. Rev. T. H. Pritchard, D. D., Pastor. F. R. Durham, Chairman Board of Deacons; J. A. Durham, Clerk Board of Deacons. Mission Sunday Schools at North Bre- vard street and Atherton Mills.
Olivet Baptist Church, corner Trade and Cedar streets. Rev. L. R. Pruett, Pastor; J. K. Purefoy, Chairman Board of Dea- cons; T. S. Franklin, Clerk Board of Deacons.
EPISCOPAL .- St. Peter's Episcopal Church, corner N. Tryon and Seventh streets. Rev. Chas. L. Hoffman, Rector; J. S. Myers, Senior Warden.
St. Martin's Chapel, corner N. Davidson and Tenth streets. B. A. Sutherland, Superintendent Sunday School.
St. Andrew's Chapel, Seversville (west of city). R. A. Evans, Superintendent of Sunday School.
Chapel of Hope, Gingham Mill. Thos. L. Davis, Superinten- dent of Sunday School.
LUTHERAN .- St. Mark's Evangelical Lutheran Church, N. Tryon between Seventh and Eighth streets. Rev. W. S. Bow- man, Pastor.
CATHOLIC .- St. Peter's Roman Catholic Church, S. Tryon, cor- ner First street. Rev. Father Francis, O. S. B.
(COLORED CHURCHES.)
Grace A. M. E. Zion Church, located on N. Brevard between Third and Fourth. Pastor, Rev. R. B. Bruce.
Clinton Chapel, A. M. E. Zion, located on Mint street, be- tween First and Second. Pastor, Rev. R. H. Simmons.
Little Rock Methodist Church, located on corner of Myers and Seventh. Pastor, Rev. Geo. W. Clinton.
Lutheran Church, located on corner Second and Alexander. Pastor, Rev. W. P. Phifer.
St. Michael's Episcopal Church, located on corner Mint and Hill. Pastor, Rev. P. P. Alston.
First Baptist Church, located on N. Church street. Pastor, Rev. Dr. Shepherd.
Friendship Baptist Church, located corner First and Brevard. Pastor, Rev. Williamson.
II
CHARLOTTE.
Ebenezer Baptist Church, located corner Second and D. Pastor, Rev. C. L. Davis.
Seventh Street Presbyterian Church, located corner College and Seventh. Pastor, Rev. R. P. Wyche.
Congregational Church, located corner Caldwell and Boundary. Pastor, Rev. Geo. Haines.
YOUNG MEN'S CHRISTIAN ASSOCIATION.
Besides the handsome Churches which line her principal streets, there is another edifice, devoted to religious purposes, which can be seen on South Tryon street, about one block from the Public Square. This is the Y. M. C. A. Building. It is a very hand- some and convenient building, its brownstone front being quite an ornament to the street. The General Secretary for this Associa- tion is Mr. Frank Mahan, with office in the building. George B. Hanna is the President. This property cost $30,000.
BANKS.
The banking capital of Charlotte is by far the largest in the State, the sum total of which, including surplus, is $1,243,500. She has five Banks, three National and two State Banks, which are as follows :
First National Bank .- President, R. M. Oates ; Cashier, M. P. Pegram ; Teller, John F. Orr. Capital, $300,000; surplus and undivided profits, $169,000.
Merchants and Farmers National Bank .- President, J. H. McAden ; Cashier, John M. Miller, Jr .; Teller, C. N. G. Butt. Capital and surplus, $225,000.
Commercial National Bank .- President, J. S. Spencer; Cash- ier, A. G. Brenizer ; Teller, D. H. Anderson. Capital, $175,000; surplus and undivided profits, $180,000.
Heath Bros .- President, B. D. Heath; Cashier, W. H. Twitty. Capital, $50.000; surplus and undivided profits, $37,000.
Loan and Savings Bank .- President, S. Wittkowsky; Cashier, Archibald Brady. Capital, $100,000; surplus and undivided profits, $7,500.
COTTON MILLS.
Charlotte, being the market for a large cotton producing sec- tion, ought naturally, to be a great manufacturing center, and it will be found, by reference to the list below, that such is the case :
I2
CHARLOTTE.
Ada Manufacturing Company .- President, M. C. Mayer; Sec- retary and Treasurer, J. J. Gormley; Superintendent, A. M. Crowder. Capital stock, $128,600; surplus, $35,000. Number spindles, 8,000. Manufactures yarns.
The Alpha Mills .- President, C. Scott; Secretary and Treas- urer, W. S. Mallory ; Superintendent, W. H. M. Woods. Capital stock, $100,000. Number of spindles, 6,500. Manufactures yarns.
The Atherton Mills .- President, D. A. Tompkins; Vice-Presi- dent and Treasurer, R. M. Miller, Jr .; Superintendent, W. W. Moore. Capital stock, $175,000. Number of spindles, 10,000. Manufactures yarns.
Charlotte Cotton Mills .- President, R. M. Oates; Secretary and Treasurer, D. W. Oates ; Superintendent, W. K. Sanborn. Cap- ital stock, $131,500; Surplus, $27,000. Number of spindles, 9,000 ; number of looms, 250. Manufactures yarns and cloth.
Highland Park Manufacturing Company .- President, William E. Holt; Secretary and Treasurer, C. W. Johnston ; Superinten- dent, W. A. Henderson. Capital stock, $198,000. Number of spindles, 6,000. Number of looms, 410. Manufactures staple ginghams and yarns, latter for their own use. Buys 24s and 26s yarns.
Victor Cotton Mills .- President, Geo. E. Wilson ; Secretary and Treasurer, A. C. Hutchison; Superintendent, J. B. Hawkins. Capital stock, $150,000. Surplus December 31, 1894, $39,745.98. Number of spindles, 11,616. Manufactures yarns.
Myrton Hosiery Mills .- R. M. Oates, Jr., Proprietor. Capi- tal stock, $45,000. Manufactures Infants', Misses' and Ladies' hose.
It will be seen by the above list that there are at work in Char- lotte, 51,116 spindles and 660 looms, making use of a capital stock of $883,100.00, not including the amount of surplus which has accumulated, and which, of course, is a large factor in the business.
FOUNDRIES.
Liddell Company .- President and Treasurer, W. S. Liddell; Secretary and Superintendent, J. L. Chambers. Capital stock, $100,000.
Mecklenburg Iron Works .- Manager, John Wilkes ; Superin-
13
CHARLOTTE.
tendent, J. Frank Wilkes ; Assistant Manager, P. P. Zimmerman ; Bookkeeper, L. H. Walker.
OTHER MANUFACTORIES.
Southern Card Clothing Manufacturing Company .- Jas. Les- lie & Co., Proprietors. Manufacture card clothing and reed harness.
Mecklenburg Mills .- President, Lee H. Battle; Secretary and Treasurer, T. W. Harris. Capital stock, $10,000. Manufactures flour, meal and feed stuff.
O. A. Robbins & Co .- Private partnership, consisting of O. A. Robbins and H. J. McLaurin, Jr. Manufacture sash cord and clothes lines.
Park Manufacturing Co .- Pharr & Moffatt, Proprietors. Capital, $12,000. Manufactures Moffatt pump, water feed and heating apparatus.
Crowley's Mill .- Proprietor, J. H. Crowley. Manufactures towels.
Charlotte Clothing Manufacturing Company. - Proprietors, Burroughs & Dula. Manufactures pants, cheap and medium grades.
Charlotte Trouser Company .- President, R. J. Brevard ; Vice- President, J. F. Robertson ; Secretary and Treasurer, W. R. Tal- liaferro. Capital stock, $31,500. Manufactures trousers.
Dixie Pants Company .- Proprietors, J. Hirshinger & Co. Man- ufactures cheap and medium grades of pants.
North Carolina Cotton Oil Co. - T. J. Davis, manager. Capital, $50,000. Manufactures cotton seed oil, etc.
Charlotte Oil and Fertilizer Co .- Fred Oliver, President and Treasurer; D. A. Tompkins, Vice President ; John W. Todd, Secretary. Capital, $200,000. Manufactures cotton seed oil and fertilizers.
It can be seen at a glance from the above that Charlotte is taking rapid strides in the line of manufacturing. She is al- ready beginning to attract the attention of Northern capitalists, who are now realizing to some extent her great advantages. The Manufacturers' Club, of which Mr. H. S. Chadwick is Presi- dent, is doing much to cause the New England manufacturers to investigate more carefully the merits of this thriving town.
14
CHARLOTTE.
EDUCATIONAL.
Charlotte has a splendid system of public schools. These schools are now under the efficient management of Prof. Alexander Graham, with a competent corps of teachers. The colored school is under the charge of Mrs. R. P. Wyche, as Principal. The average attendance at the white school is now 1,111 and at the colored 891. The total number of pupils enrolled at white school is 1,208, and at colored 968.
The whole system is under the supervision of a Board of School Commissioners elected by the people, whose names will be found under the head of City Officers.
Besides the public schools there are several private and denom- inational schools in the city, among which may be named :
Charlotte Military Institute .- Prof. J. G. Baird, Principal. Located on Poplar street, between 5th and 6th.
Charlotte Seminary .- Miss Lily W. Long, Principal. Located on North Tryon street between 8th and 9th.
College of Music and Art .- Prof. Carl S. Gaertner, Principal. Located at 18 South Tryon street.
St. Mary's Seminary .- Located on South Tryon street, between First and Hill streets, and in charge of the Sisters of Charity.
Biddle University (Colored.) Located west of the city. The President is D. J. Sanders. It was opened in 1867 by the Presby- terian Church (North), for the education of colored preachers and teachers.
SUBURBS OF CHARLOTTE.
There are several very thickly inhabited sections, which are just outside the borders of Charlotte proper, but which are in reality but a continuation of the city. The chief of these is Dil- worth, which was first built up by the Charlotte Consolidated Construction Company. This suburban village looks to the traveller coming into the city on the C. C. & A. Railroad like a town in itself. Within its limits it has a very beautiful park, and also a pavillion, which last cost $10,000. This park, as well as Dilworth itself, is reached by means of an electric railway, which is owned by the " 4 Cs". Mr. E. D. Latta is President of this Company.
Just outside the limits of Charlotte are also Seversville, Bid- dleville, and Western Heights. Besides these little villages there
15
CHARLOTTE.
are large settlements in the vicinity of the various mills, several of which are just outside the boundary lines. Dilworth is south of the city; Western Heights, Seversville and Biddleville are all west, in the order given.
RAILROADS.
Charlotte as before stated is quite a railroad centre. It is the terminus of the Charlotte, Columbia, and Augusta, the Atlantic, Tennessee, and Ohio, and the old Richmond and Danville, and Atlanta and Charlotte Air Line. These are all now operated by the Southern Railway Company. Capt. W. B. Ryder is the super- intendent for this division and has an office in the city at the Southern Railway station on West Trade street. Mr. C. L. Hop- kins is Travelling Passenger Agent for the road and has an of- fice at 18 East Trade street. This division of their freight busi- ness is under the charge of A. G. Craig, Division Freight Agent, whose office is at 18 East Trade street. E. S. Fayssoux is the Ticket Agent with office at passenger depot. The agent for the freight department is T. T. Smith, with office at the freight de- pot on East Third street.
Another road with large connections which touches Charlotte is the Seaboard Air Line. Mr. J. G. Baskerville is the Ticket Agent with office at their passenger depot at the end of North Tryon street. Mr. K. S. Finch is the Station Agent in this city with office on East Trade street, two blocks from the Public Square.
TELEGRAPH OFFICE.
The only telegraph office in Charlotte is that of the Western Union, which is under the management of Mr. R. C. Thompson, and is located at 11 South Tryon street.
COTTON COMPRESSES.
There are two large compresses here, one of which is operated by the Southern Railway and the other by McFadden Bros. The former is on the corner of East Third Street and Railroad and is in charge of A. L. Smith. The latter is east of the city and is under the management of G. H. Rutzler.
LIGHT, WATER AND TRANSPORTATION.
Charlotte's light is furnished by a Gas Company and an Elec- tric Light Company. Her Gas Works is under the management of S. E. Linton and is located on the corner of College and Third
I6
CHARLOTTE.
Streets. The Electric Light Co. furnishes the light for the city from the same plant which furnishes the power for the Electric Cars. Both are operated by the Charlotte Electric Light and Railway Co. Mr. E. D. Latta is President of this Company and F. D. Sampson is Manager.
The Charlotte City Water Works Co. furnishes the water for the city. It has a stand-pipe within the limits on N. Church Street and its two reservoirs are just east of Charlotte. R. J. Brevard is the President and D. P. Hutchison is the Supt. Their office is in the new City Hall on the corner of Fifth and N. Tryon.
BUILDING AND LOAN ASSOCIATIONS.
One of the most important factors in the up-building of this progressive city is the building and loan associations, of which Charlotte now has four, as follows :
Mechanics' Perpetual Building and Loan Association .- S. Witt- kowsky, President ; R. E. Cochrane, Secretary and Treasurer, C. H. Duls, Attorney. No. of shares held 7592, ; net cash capital, $ 302,905.00. Office corner of Fifth and Tryon. This Association was organized in 1883.
Mutual Building and Loan Association .- P. M. Brown, Presi- dent; A. G. Brenizer, Secretary and Treasurer; Burwell, Walker & Cansler, Attorneys. Number of shares held, 4,366; net cash capi- tal, $ 152,000.00. Office corner of Fourth and Tryon. This Association was organized in 1881.
North Carolina Building and Loan Association .- President, W. C. Maxwell; Secretary and Treasurer, A. R. Stokes; Attor- neys, Osborne, Maxwell & Keerans. Number of shares held, 3,500; net cash capital, $169,572.41. Located on corner of Fifth and North Tryon in new City Hall. Has branches throughout the state.
Charlotte Building and Loan Association,-President, R. L. Gibbon; Secretary and Treasurer, C. L. Hunter.
These Associations enable persons of limited means, who would otherwise be compelled to rent houses, to purchase their own homes, at little, if any, more than they would otherwise pay for rent. Hundreds of homes in this city have been acquired through these beneficient institutions and many continually render thanks to them for the good they have received by their assistance.
To exemplify the operation of the plan, we give the following
I7
CHARLOTTE.
illustration: A person borrows from an association $1000.00, takes ten shares of stock, on which his
Instalments are per week.
$2.50
Interest. 1.15
$3.65
or $14.60 every four weeks. At the expiration of about six years the debt is paid in full and mortgage cancelled, the householder, having paid little if any more, than the usual rent. No fees are charged except 25c. per share, entrance fee.
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