Newspaper Page Text
VOL. X.
A SAVINGS BANK
Of a New and Novel Kind to be
Opened
By the Cartersville Land Company—Some*
th int I uteri* -it to All Who Want
to Make Money.
We told our readers last week
that the CartersvilleLand Company
would have something of interest
to say in this week’s issue. •
Here it is fresh from the official
head of the company.
One of our numerous and able re
porters inserted his auger and this
is wHat he got out of the hole. It
is an interview with the president
of the Land Company, Mr. John
W. Akin:
“Mr. Akin,” said the reporter,
“what is it your company had to say
this week to our people in the Cou
rant-Ainerican ? A good deal of
curiosity has been aroused by our
statement to this effect in last
week’s issue.”
“Well, briefly stated, it is this:
Everybody knows the value of a
SAVINGS BANK.
They have done more to create
wealth in communities where they
exist than almost any other agency.
The whole country goes to New
England for capital; in New Eng
land, savings banks are more nu
merous and flourishing than in any
other part of this country. Every
body knows that we make money
by saving it. This is the principle
of the savings bank. By this means
a person is able to invest a
A FEW DOLLARS EACH MONTH.
It is a great deal easier to lay up
money after you have once got
started in this line. The hard part
in saving is laying up small sums
-at a time. This may seem unreas
onable but it accords with human
nature, and human nature downs
reason nine times out of ten. Now,
.if a person who could spare a small
sum each month had a place to in
vest it where it would not be in
, such shape as to tempt him all the
while to spend it, he would be on
the road to competency, and ulti
mately a fortune, almost before he
knew that he had begun the jour
ney.”
The reporter scratched his head
and wondered what this had to do
with the Cartersville Land Com
pany.
“Now,” said Mr. Akin, “Carters
vllJe has no savings hank, but we
propose to inaugurate a plan which
promises equal security and greater
ultimate profits.”
Things began to grow interesting.
The reporter pricked up his ears,
bleared his eyes and sharpened his
pencil while the president of the
Land Company continued:
“Every student of financial his
tory knows that by far the
GREATEST NUMBER OF FORTUNES
have been made by the enhance
ment of real estate. This, by the
way, is the reason why doctrinaries
of the Henry George school are.
opposed to the individual owner
ship of land. They say that an un
equal distribution of wealth is there
by maintained without reference to
tiie producing capacity of the own
er. But without discussing theo
ries, we do know that countless for
tunes have been made by thousands
(Of individuals who simply bought
down property and held it. The
nnost stable, if not the largest, for
tune in the United States is owned
by the As tors, whose progenitor
steadily and persistently invested
all his earnings in New York real
estate. The same is true of differ
ent people in every city in the
country.”
“Yes,” said the reporter, “that is
true of large cities, hut is it true of
smaller towns like Cartersville?”
“Yes, the principle is the same.
The fortunes thus made in smaller
towns are smaller, hut fai;more nu
merous. I might give you the names
of persons known to me either per
sonally or by reputation in every
town of any consequence in the
state, who have made comfortable
fortunes by the rise in real estate
in the last ten years.”
Light began to break in on the
reporter, and he thought of that
prolific source of trouble,*the cen
sus, and asked:
“What does the last census indi
cate on this subject?”
“I am glad you asked that. I
have looked into that matter some
what, and while the growth of a
few of the larger cities lias*"been
phenomenal, yet the
GROWTIfiOF SMALLER TOWNS
has struck me with amazement ; not
so much at the increase in any one
town, but at the fact that, without
exception so far as I have discov
ered, the smaller towns show a
marked increase in values and popu
lation. *
“Take the towns in this part of
Georgia. Thqjr population has in
creased an average of about 45 per
cent, for the last ten years, accord
ing to official census figures. This
is an average increase of 42 per
cent, per annum. In fact I have
no doubt that nineteen out of twen
ty to vns of two thousand inhabi
tui.ts in 1880, in the southern states,
the gourant-american.
would show by the census of lis'.Kj a
marked increase in numbers.
“But,” said the repirter, “does an
increase in numbers always mean
an increase in values?”
“Without exception,” replied Mr.
Akin. “In fact, if you will reflect
a moment, you will remember that
town values increase relatively fas
ter than popuiati >n. For instance,
Home has about ten times as large I
a population as Adairsville. City
lots in ltoino, however, will bring
on the market 25 to 50 times as
much as thqsame size lots in Adairs
ville, in equal-proximity to the bu
siness centers of the respective
towns. ‘The same thing is true
everywhere."
“Well,
HOW ABOUT CARTERSVILLE,”
said the reporter, “have values l;ere
increased as fast as the population ?”
“A great deal faster,” said Mr.
Akin. “Cartersville’s population
increased during the last ten years
about 54 per cent. Cartersville real
estate on the other hand increased
from two hundred to one thousand
percent. The latter figure seems
extravagant, but it is in a few eases
true. Ido not mean that the in
crease will average anything like
one thousand per cent, but conser
vative estimates would place the
average increase at from three to
four hundred per cent. If you will
compare in your own mind 1880
prices with 18140 prices,you will soo
that I am correct. Suppose you had
invested
$5,000 IN CARTER.SNILLE
property in 1880, what would you
have been worth in 1890? Or, to
make another comparison, suppose
you had invested $5,000 at 1885
prices, what would the last five
years increase in values have made
you worth?”
The reporter sighed and thought
of the $5,000 he never had. It was
like a dream of Eldorado! .
“Now,” resumed Mr. Akin, “I know
what you are thinking about. You
did not have the $5,000 and conse
quently you could not have made
the investment. There are hun
dreds in the same condition.
“But suppose you could have
bought property in 1885 on
FIVE YEARS TIME,
you could have made some few cool
thousands of dollars before all yom
debt was due.”
“Yes,” said the reporter,’“hut who
would he fool enough to sell me
property on five years time?”
“The Cartersville Land Company.
I mean just what I say.”
The Humble Faberite swelled with
pride as he thought of this sudden
rise in his credit.
“Not because it is you.”
Your humble servant collapsed
into his normal state of humility.
“But we will do as well by any
person of good character, without
regard to his financial strength.
The trouble has been that nobody
could buy city property without
more or less ready money. This is
why comparatively few reap the
benefits from a rise in city proper
ty. They cannot
SPARE THE NECESSARY FUNDS
to buy it.
“Our plan is entirely new and
has been matured after much de
liberation.”
“You remember the property
known as the Ituckman property
where Mr. V. M. Alexander and
Dick Jones have lately bought, in
order to build residences?”
The reporter smiled an affirma
tive.
“Well, we have divided that tract
into lots. Mr. George' Aubrey, our
secretary, has plats of the property
and can tell you all about it. We
intend to lay out streets and side
walks. Water and gas mains will
be near enough to connect with. We
have sold three of these lots to Mr.
Alexander, Mr. Jones and Captain
Freeman, respectively. We pro
pose to sell the balance of them on
the following terms:
“The purchaser pays ten dollars
down and the balance is divided
into
60 MONTHLY PAYMENTS,
to be made on the 15th of each
month. This gives him five years
in which to complete payments.
Nearly anybody can spare enough
from his monthly pay to buy a lot.
A great many can spare enough to
buy several lots. The fc money is
safer than any savings hank on
earth. Cashiers occasionally quit
Sunday school and run away to
Canada; town lots always stay
where they belong. Stocks and
bonds sometimes become worthless
by the failure of the company who
issue them; real estate never
breaks. Money loaned out ever so
carefully is sometimes lost; city
lots never run away or take the
homestead.”
“But,” timidly ventured the re
porter, “does not real estate depre
ciate?”
“Everything depreciates some
times. Gold has fluctuated as
much as one hundred per cent, in
one year. Government bonds al
ternately rise and fall. The best
railroad st< cks are sometimes de
pressed. The way to judge the
value of an investment is to com
pare its value at intervals of sever
al years and see whether the gen
eral tendancyis upward.
“I see no present indication of de-
CARTERSVILLE, GEORGIA. THURSDAY, DECEMBER 4. 1800.
pression in prices; but suppose
there was, does not any reasonable
man know, as nearly as he can
know anything in the future, that
Cartersville property will in
FIVE YEARS BE WORTH DOUBLE,
if not quadruple or quintuple, its
present value? Why, the general
growth of the country is sufficient
to answer this. Where a section is
developing so rapidly as the south,
all the towns are obliged to share
in the general prosperity. In fact,
whether justly or unjustly, it is an
historical fact that the towns have
comparatively increased in wealth
and population more •rapidly, es
pecially of late years, than the sur
rounding country.”
“Has Cartersville any special ad
vantages over any other towns?”
asked the reporter.
“Of course she has. This seems
to me a useless question. Every
body who knows anything about
Cartersville knows, that her loca
tion is decidedly superior to that of
many towns who have forged ahead
of her. And I consider that the
broadening of tlm East & West
railroad gauge, thus enabling us to
obtain, at Birmingham and Chatta
nooga prices, coal which I am told
is specially adapted to manufactur
ing purposes, places Cartersville at
a tremendoua advantage in the fu
ture contest for industrial suprem
acy.”
“Why, then,” said the reporter,
“have vve not heretofore done bet
ter ?”
“One reason is a
LACK OF FAITH IN OURSELVES
and in our town. Have you not
often met strangers who actually
had more faith in Cartersville than
our own people?”
Alas, there was too much truth
in this!
“Now,” continued Mr. Akin, “that
cloud of doubt is beginning to pass
away. I believe our people have
more faith in the town now than at
any time for fifteen years. We
have been waiting for people to
come here and take hold of our
town and build it up. We must
quit that.' The world is somewhat
like, according to the old adage,
Providence is—it helps those who
help themselves.”
“What are
THE SFECIAL ADVANTAGES
in your company’s new plan,” was
the next querry.
“Briefly the following:
1. Those who cannot spare much
ready money can, by our plan, buy
city property and thus share in the
general prosperity.
2. It gives a place to put away a
few dollars every month which, if
not thus used, would probably be
spent in some useless way.
3. It makes tlm payments so
easy that they wiifehardly be felt.
4. One who has money enough to
build a house, but not enough to
buy a lot and build a house also,
can thus procure a lot. and build a
house and pay for the lot in the
imjthly installments after the house
iWmilt.
5. In this way, it
SAVES HOUSE RENT.
How many thousands of dollars
have been paid out in Cartersville
for house rent, which would have
been saved by our plan?
6. It puts a person of small
means on an equality, in buying
real estate, with persons of greater
means.
7. It opens a way for persons who
have no income except from month
ly salaries, to make an investment
with almost certain prospect of
profit. There are other advantages
which will occur to you on reflec
tion.”
“Do you charge a§ much interest
as - we would have to pay to borrow'
money ?”
“No, we charge only six per cent.
This is lower than money can be
obtained anywhere in Georgia and
the purchaser gets immediate pos
session of the lot with the
RIGHT TO BUILD ON IT
and live on it, or rent it out, with
out any other charge or expense, so
far as we are concerrted. All w e
require is that the payments be met
promptly.”
“Suppose a person has the cash
and wants to pay all cash?”
“Well, ready money can be used
by us to great advantage and we
will therefore make a sacrifice to
obtain it. We will discount the
prices of our lots, for ail cash 20 per
cent.; for one half cash, balance in
one year, 15 per cent.; for one third
cash, balance in one and two years,
ten percent.; for one-fourth cash,
balance in one, two and three
years, five per cent.; with interest
on deferred payments. We do not
ask the cash, but if a person prefers
it, we will allow him these dis
count-.”
“Who has charge of the sale of
these lots?” asked the reporter.
“Mr. George Aubrey, our secre
tary. He will show you the plats
of the property; and the property
itself, if desired. We will prepare
the papers without expense to the
purchaser. The titles are perfect
and we will warrant them.”
“Will you place any other of the
company’s property on'sale at the
same terms ?”
“I do not know r . If our people
[CONCLUDED ON EIGHTH PAliE.]
The Greatest Sale of the Season!
PORTER & VAUGHAN
Offer for the month of December the grandest array of Bargains ever
before shown in North Georgia. We are determined to close out our
stock of Clothing, Cloaks and Dress Goods. Our prices are
MARKED DOWN BELOW ALL COMPETITION.
Only Cloaks left in our tock, including- Ladies’ and Misses’. They must be sold. We do not intend to carry
over a single one if low prices will move them. Now is your opportunity to secure
A GEXTUXXTE BARGAIN • IJT CLOAKS.
We mean business. They must be sold. \Veare selling- Cloaks for less prices than ever before known in
this city. Don’t fail to examine our Cloaks, you can save 5o per cent, by visiting our store.
The Largest Shoe Department in North Georgia
is in our store, embracing every style, width and quality. Over Fifteen Hundred pairs new Shoes received dur
ing the last ten days.
Tremendous bargains in Ladies’ Shoes. .Special Low Prices in Gents’ Shoes.
Grand values in Misses’, Boys’, and Childrens’ Shoes.
Every Pair Sold Under a Positive Guarantee.
__ a- _ rjll
Great Reduction in
Cents', Boys’ and Childrens’ Clothing.
This stock must be reduced still more. PORTER & VAUGHAN advertise solid facts. Visit our store
and we will do all we claim. For the next thirty days we will sell Clothing at prices that will please all. ’ Re
njember our entire stock of clothing is new, and the latest styles.
NO OLD GOODS TO SHOW YOU.
We have cut the price down on Overcoats so low that you can buy a fine garment from us at less prices
than other houses ask for cheap stuff. Grand values in Boys’ and Childrens’ Suits and Overcoats. Mens* suits
made up in Prince Albert, Cut-a-way and Sack, in all grades, now marked down to prices that will make them
go with a rush. Get our prices, examine our goods and we will save you money.
UNDERWEHR, UNDERWEAR
For Ladies’, Gents’ a nd Children in Endless Variety.
Big Bargains for the nest Thirty Days
in Underwear, made up in wocl and cotton, embracing all shades and colors. Njow is the time to purchase these
goods. Big Bargains iii Ladies’ Underwear in all grades. Childrens’ Underwear in all sizes, genuine
bargains. Gents’ Underwear in*wool and cotton at less prices than ever before shown in this city.
DR ESS GOODS! DRESS GOODS !
Our success this season in DRESS GOODS has been phenomenal. Fresh additions have been made in our
Dress Goods every week. We will now close out the remainder at ridiculously low prices. Now is your
opportunity to buy a handsome dress for a low price. Look at these prices. They speak for themselves:
French Novelty Robes worth $15.00 Reduced to $7.00
•42 inch imported Serges “ 85e “ “ GOc •
40 “ “ Henriettas “ 1.00 02 l-2e
38 “ fine “ “ 50c “ “ 35c
40 “ Groveland Suitings worth 75c . “ 50e
Fancy imported Flannels “ 85c “ “ 00c
38 inch Dress Flannels “ 40c “ “ 25c
38 inch Henriettas “ 40e “ “ 24c
These goods must go. We are determined to close them out. Our prices
are unmatehable. Grand values in
Linens, Blankets, Flannels, Hosiery, Gloves and Notions.
REMEMBER WE ADVERTISE FACTS ONLY-
We are determined to wind up the year’s business with unprecedented bargains in every department. We
extend thanks to our many friends and customers for the large and liberal trade of the past month.
PORTER & VAUAN,
LEADERS OF THE DRY GOODS TRADE, Cartersville, Ga.
NO. 25.