This historic book may have numerous typos and missing text.
Purchasers can download a free scanned copy of the original book
(without typos) from the publisher. Not indexed. Not illustrated.
1886 Excerpt: ... Ownership," by B. F. Northrup, LL.D.:
Philadelphia, as the greatest workshop of America, furnishes a
striking influence in point. Its comparative exemption from strikes
is due to the fact that," as a rule, the workingman there owns his
home. Hence, he is as conservative as the capitalist. You may fiud
scores of squares with nice brick houses of workingmen, not one of
which is a tenement house. Philadelphia has now double the number
of dwelling-houses of any other city of its size in the world. This
marvelous increase in its homesteads is due to its co-operative
building associations, numbering over four hundred. They have been
tried for nearly fifty years, and have proved such valuable forces
in promoting industry, economy, sobriety, thrift and prosperity
that the State encourages them by exempting all their stock and
mortgages from taxation. Though the holdings of these associations
exceed $50,000,000, they are managed by workingmen at little
expense, and are always open to public scrutiny. Failures have been
very rare, less than in any other class of financial associations.
The worst of those closed during the panic of 1373 paid
ninety-three cents on tbe dollar. These associations, so unique,
tried so long and so successfully, are a model for the workingmen
of the country, certainly in large manufacturing centers. That I
may speak authoritatively, I will epitom'za certain statements
kindly furnished me by an eminent Philadelphian, especially
conversant with this subject, who says: The tenement house is
unknown here. In the rioti of 1877 the 20,000 members of building
associations acted as an effective counterpoise to the lawless
throngs that crowded the streets, The instinct of
self-preservation, of social order, was as strong with them as
|Country of origin:
Wisconsin Bureau of Statistics
||246 x 189 x 11mm (L x W x T)
||Paperback - Trade
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