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Article ASYLUM FOR THE AGED AND DECAYED FREEMASON. ← Page 4 of 5 →
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Asylum For The Aged And Decayed Freemason.
ingham Palace , ugly as it is , cost the country a million and a half . What sort of a building , therefore , can we expect under 40 , 000 / . ? The supporters of the Charity , I know , talk something about building cottages containing three rooms each , either detached or in clusters of two or four together , and have the hardihood to assert that such could be built with taste for about 100 / . a cottage . That they can buy sufficient land for their for about 600 / and build ten cottages to
purpose . begin with for 1 , 000 / . more . I should like to know , if the small portion of taste in Buckingham Palace cost a million and a half , how much , by the Rule of Three , are we likely to get for 100 / . No , if we are to have a building let it be worthy of us , and that cannot be the case under 40 , 000 / . ; add to this 5 , 000 / . for land , and probably 5 , 0001 . lor extras and furniture , and I assert the Asylum cannot be properly built for less than 50 , 000 / .
But whatever the Asylum may cost , however small the sum , still I say that it is so much money thrown away , for when once the stock is drawn from the Bank , it can never more produce interest , and the future dividends will shew the deficiency . The Society may talk of the value of the rental they will save to the old men . —They may assert that a man cannot have three rooms for less than 4 s . a week , and they may prove by fi this amounts to 10 / . 8 * annum for an outlay of 100 / which
gures . per ., in the funds would produce only 3 / . 10 s . ; but this does not alter the argument , that for every 100 / . spent , their dividends will be 3 / . 10 s . per annum less , and , therefore , all the money employed in building is so much clear loss to themselves . As a proof of this fact , I have a friend in a public office , whose salary is 300 / . a year . He had besides in the
Bank 500 / . 3 ^ per cents ., the dividends on which were 17 / . 10 s . more , making his total income 317 / . 10 s . per annum . He rented a house at 40 / . per annum , and afterwards bought the freehold for 500 / ., the proceeds of the stock , and now lives in it , so that his present income is 300 / . only , instead of 317 / . 10 s , being a clear loss of 17 / . 10 s . a year , and yet he fancies he has gained 22 / . 10 s . a year , being the difference , as he says , between his former dividends and the rental he paid for the house .
So much for the blindness of some men . But besides this , as no man ought to set up a carriage until he is able to support it , so ought no man to build a house until he has money in the funds to enable him to live accordingly ; and my friend was wrong in another respect , in buying a house , having no funded property left to sustain the character of a freeholder . To be sure he has his salary of 300 / ., but that may cease from unforeseen circumstances , and in such event how could he live in the house
an he has bought . It is true this example does not exactly apply to the Masons' Asylum , as they talk of not building until they have accumulated a fund for continuing the annuities ; but still their subscriptions may cease , and they will then have no further means of supporting the Asylum than the annuities then existing . I have called the proposed lum Workhouseand I did
Asy a , so advisedly , because the term Workhouse is known to be very unpopular , and the giving a nickname is sometimes the best argument that can be used . I grant that a Workhouse itself is a charitable provision , and saves the lives of many who woul d otherwise starve ; but still it is a forced charity , which men only pay for because they are obliged , as is proved by the fact , that the paupers are not much better fed and clothed than many ofthe rate-payers . It must also be remembered , that
Note: This text has been automatically extracted via Optical Character Recognition (OCR) software.
Asylum For The Aged And Decayed Freemason.
ingham Palace , ugly as it is , cost the country a million and a half . What sort of a building , therefore , can we expect under 40 , 000 / . ? The supporters of the Charity , I know , talk something about building cottages containing three rooms each , either detached or in clusters of two or four together , and have the hardihood to assert that such could be built with taste for about 100 / . a cottage . That they can buy sufficient land for their for about 600 / and build ten cottages to
purpose . begin with for 1 , 000 / . more . I should like to know , if the small portion of taste in Buckingham Palace cost a million and a half , how much , by the Rule of Three , are we likely to get for 100 / . No , if we are to have a building let it be worthy of us , and that cannot be the case under 40 , 000 / . ; add to this 5 , 000 / . for land , and probably 5 , 0001 . lor extras and furniture , and I assert the Asylum cannot be properly built for less than 50 , 000 / .
But whatever the Asylum may cost , however small the sum , still I say that it is so much money thrown away , for when once the stock is drawn from the Bank , it can never more produce interest , and the future dividends will shew the deficiency . The Society may talk of the value of the rental they will save to the old men . —They may assert that a man cannot have three rooms for less than 4 s . a week , and they may prove by fi this amounts to 10 / . 8 * annum for an outlay of 100 / which
gures . per ., in the funds would produce only 3 / . 10 s . ; but this does not alter the argument , that for every 100 / . spent , their dividends will be 3 / . 10 s . per annum less , and , therefore , all the money employed in building is so much clear loss to themselves . As a proof of this fact , I have a friend in a public office , whose salary is 300 / . a year . He had besides in the
Bank 500 / . 3 ^ per cents ., the dividends on which were 17 / . 10 s . more , making his total income 317 / . 10 s . per annum . He rented a house at 40 / . per annum , and afterwards bought the freehold for 500 / ., the proceeds of the stock , and now lives in it , so that his present income is 300 / . only , instead of 317 / . 10 s , being a clear loss of 17 / . 10 s . a year , and yet he fancies he has gained 22 / . 10 s . a year , being the difference , as he says , between his former dividends and the rental he paid for the house .
So much for the blindness of some men . But besides this , as no man ought to set up a carriage until he is able to support it , so ought no man to build a house until he has money in the funds to enable him to live accordingly ; and my friend was wrong in another respect , in buying a house , having no funded property left to sustain the character of a freeholder . To be sure he has his salary of 300 / ., but that may cease from unforeseen circumstances , and in such event how could he live in the house
an he has bought . It is true this example does not exactly apply to the Masons' Asylum , as they talk of not building until they have accumulated a fund for continuing the annuities ; but still their subscriptions may cease , and they will then have no further means of supporting the Asylum than the annuities then existing . I have called the proposed lum Workhouseand I did
Asy a , so advisedly , because the term Workhouse is known to be very unpopular , and the giving a nickname is sometimes the best argument that can be used . I grant that a Workhouse itself is a charitable provision , and saves the lives of many who woul d otherwise starve ; but still it is a forced charity , which men only pay for because they are obliged , as is proved by the fact , that the paupers are not much better fed and clothed than many ofthe rate-payers . It must also be remembered , that