PROSPECTUS.
This Company has been formed for the purpose of engaging in the business
of buying and developing land and providing desirable, attractive, and sanitary
houses at a moderate cost or rental for persons desiring to purchase or
lease the same.
It proposes to assist in permanently solving the increasingly difficult housing
problem on the areas under its control:
1. By elimination of speculative profits, all earnings over 5 per cent. being
used for the benefit and development of the property.
2. By distributing the payments for the home over a
thereby bringing it within the reach of all who desire to improve their home con-
period of years,
ditions.
3. By participation by the residents, each resident acquiring 10 per cent
of the value of his property in stock.
4. By wholesale operations and efficient management, thereby effecting
economies in construction.
5. By constructing houses of durable materials, thereby saving the
serious depreciation of cheap frame dwellings.
6. By limiting the number of houses per acre, thereby avoiding the dis-
astrous overcrowding of homes.
7. By scientific planning along advanced garden suburb lines, deter-
mining the character and arrangement of roads and houses, thereby securing the
maximum practical and esthetic values.
8. By providing for community buildings and playgrounds, thereby
promoting the social atmosphere of the neighborhood, and by engaging in other
beneficial undertakings as may from time to time prove feasible.
9. By laying out allotment gardens, where the wage-earner may success-
fully carry on intensive gardening, which under competent instruction will go
towards paying the cost of the home.
10. By promoting the formation of a Co-partnership Society along the
lines recommended by the Massachusetts Homestead Commission, which will
take over successive portions of the estate and develop them by the co-partnership
method. This is sharply distinguished by collective ownership of the property,
each resident renting from the society of which he is a member. This will con-
stitute a radical advance over current methods of tenure.
