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Newspaper
The Gallup Herald
Location
Gallup, New Mexico, United States of America
Date
Oct 22, 1921
Page
12
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A historical piece extols home ownership for Gallup residents arguing a young man with minimal savings could start building a modern home without upfront funds. It suggests dozens of local men and newlyweds could begin constructing their own houses, fostering a stable, content town.
The Gallup Building and Loan Association, founded in December 1919 with $500,000 capital, offers shares at 200 each and monthly payments of 1.00 per share. It loans up to three quarters of property value for home building, aiming to make Gallup a community of homeowners and boost local prosperity.
Local dealers Sam Dimon and partners state automobile transportation is now affordable for more people. The Chevrolet Four-Ninety touring car lists at 525 dollars, 25 less than its original price, while other models like FB G and T trucks show lower prices amid added improvements in construction and equipment.
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