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 Ten y^^xr^' I(ent yaj$ for your Home. 
 
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Ten Years' Rent Pays for your Home 
 
 -■ — -A-T 
 
 NUTLEY, 
 
 KBW JBMSBY, 
 On Newark Branch 
 
 Of Xew Vork, Lake Erie A Western Railway. 
 
 13 Miles from City Hall, New York; 40 Minutes 
 from New York Side ; 33 Daily Trains ; 
 Yearly Commutation, $63, averaging 
 $5.25 per Month. ^, 
 
 ITS ATTRACTIONS 
 
 /)$ a Suburban I^esid<^i7q^ 
 
 TABLES OF EASY MONTHLY FAYMEHTS 
 
 Showing how all may Own their Homes by Payments 
 
 Less per Month than the Rental of Small 
 
 Apartments in the City. 
 
 COPYRIGHTED, 1888, BY JAMES R. HAY. 
 
 New York: 
 GLOBE STATIONERY AND PRINTING CO., 
 
 No. 89 Liberty Street. 
 
 y^i^- 
 
i^t DESIRE to own a home, a shelter for our family 
 or those dependent on us for support, is inherent 
 in the breast of every industrious man or woman. 
 A home, either owned by ourselves, or rented 
 from those who own it, is as necessary to our 
 existence, as the food we eat, and the clothing we 
 wear. It is this unavoidable necessity which renders the 
 investment in private dwellings, one of the safest of all 
 possible investments. As all self-supporting persons 
 must either own their homes or rent them from others, 
 we may with propriety divide the whole community into 
 two great classes : the one home owners, the other home 
 renters. The first, presupposes the possession of accumu- 
 lated capital as represented by the property owned ; the 
 second, the ability to pay money to those who constitute 
 the first class, the owners of property. The aim of every 
 worthy member of the second class, is, by industry, 
 prudence and economy, to transfer himself to the first 
 class, become the possessor of accumulated labor or 
 capital, and having accomplished this he or she instinc- 
 tively desires to escape the thraldom of perpetual rent 
 paying and become the possessor of a permanent home, 
 within whose sheltering walls the wife and children, or 
 the mother and sisters may find a secure resting-place, 
 and from which no vicissitudes of fortune, revulsions in 
 business, or the inevitable return of the dreaded rent 
 day can expel them. While securing to himself a safe 
 investment at legal rates of interest on the capital 
 
invested, it is primarily the object of the owner of the 
 property herein offered for sale, to afford the opportunity 
 to all intelligent persons now paying rent for the homes 
 they occupy to become owners instead of tenants, and by 
 a small addition to the amount each now pays for rent, 
 become in ten years' time the owners of their homes. 
 To pass from the second class, as named above, to the 
 first class, to be accumulators of capital, and not depend- 
 ents on the. demands of the landlord, the careful pe- 
 rusal of these few pages will clearly explain his plan, and 
 prove that those who avail themselves of it, have 
 
 A NEVER FAILING SAVINGS BANK, 
 
 under their own control, in which their savings can be 
 securely deposited, beyond possibility of loss from mis- 
 managing directors or defaulting officers, and in which 
 every dollar placed brings them a large return. 
 
 This property is located at the attractive and pic- 
 turesque village of Nutley, Essex County, New Jersey, 
 thirteen miles from the City Hall, New York City, on 
 the Newark Branch of the New York, Lake Erie and 
 Western Railway, with ferries at Chambers street and 
 Twenty-third street ; distant in time forty minutes 
 from the New York side, with thirty-three daily trains, 
 with low rates of commutation averaging $5.25 per 
 month. No suburban locality within the same dis- 
 tance of New York City offers the varied attractions for 
 a country home, as are found at Nutley and vicinity. 
 The land is high and rolling with perfect drainage. The 
 landscape, picturesque and beautiful, presenting a suc- 
 cession of wooded hills, cultivated valleys, dotted with 
 rural homes, and enlivened by the gleaming waters of 
 
the Passaic River winding: its way through hill and val- 
 ley. The soil is rich and fertile, with substratum of clean 
 gravel, thus affording a pure aud wholesome water, a 
 necessity to health and comfort. Situated on the west 
 side of the Passaic River, it is distant about five miles 
 from the business centre of Newark, three from Mont- 
 clair, two from Passaic and two from Bloomfield. Wash- 
 ington Avenue, one hundred feet wide, paved with 
 Telford pavement and extending from Newark to the 
 line of Passaic County, passes through the centre of the 
 village and affords a splendid roadway to those fond of 
 equestrian exercise. Within easy walking distance 
 (eight minutes) of our property is the favorite boating 
 section of the Passaic River. During the Summer and 
 Fall numerous rowing clubs hold their competitive 
 regattas here and attract friends and visitors from ad- 
 jacent towns and cities ; boating, bathing and fishing are 
 desirable summer amusements accessible to all who live 
 at Nutley. 
 
 In time, Nutley is nearer the centre of business in 
 New York City, than the outlying portions of Harlem or 
 Brooklyn, and is reached with greater comfort and ease 
 by the daily commuter, in commodious cars, free from the 
 dangerous crowd and rush that attends the use of our 
 elevated trains. The New York, Lake Erie and Western 
 Railway Company are far in advance of any railway 
 entering New York City in well appointed cars, frequency 
 of trains, low rates of commutation, and generally liberal 
 appreciation of the value of local suburban travel, all of 
 which, inures to the direct benefit of those selecting their 
 homes on this road. Three stations, within two minutes 
 by rail of each other, Avondale, Nutley and Franklin, 
 furnish unusual facilities for locating within easy walking 
 
distance of your home. Every portion of our property 
 can be reached from one or the other of these stations in 
 from five to eight minutes by good roads and sidewalks. 
 Nutley and its immediate vicinity comprises a popula- 
 tion of nearly 2,500 with well-supplied stores and markets. 
 The butcher and grocer call daily at your door, the aver- 
 age cost of household supplies is much less than in the 
 city. Taxes, which consume so large a proportion of the 
 income value of city real estate are here comparatively 
 nominal. Four churches. Episcopal, Dutch Reformed, 
 Methodist and Catholic, centrally located, two well- 
 graded public and two private schools, afford ample 
 religious and educational advantages, equal to any sub- 
 urban locality. In addition to these, school tickets, to 
 and from Newark, are sold by the Railroad Company at 
 low rates, to enable those more advanced in their studies 
 to avail themselves of the Public Grammar Schools and 
 Normal College there located. These compare favorably 
 in course of instruction and grade of studies pursued 
 with the best schools in New York and Brooklyn. 
 With this brief description of Nutley, we pass to the 
 explanation of our ten year payment plan by which 
 every one now paying rent, may apply the amount 
 so paid on the purchase of a home, and during ten years 
 of occupancy be both landlord and tenant, and at the 
 expiration of that time the owner of the property occu- 
 pied. As a pledge of the purchaser's good intentions to 
 comply with the terms of his contract, a payment of ten 
 per cent, of the stipulated cost of house and ground is 
 required at time of signing contract and taking posses- 
 sion. The remaining ninety per cent, with interest at 
 the rate of six per cent, per annum, will be equally dis- 
 tributed over a period of ten years, to be paid in equal 
 
monthly or quarterly instalments as purchaser may elect. 
 The following tables show the total amount paid, the 
 amount paid annually, and the amount paid monthly on 
 a contract for the purchase of a house and plot costing 
 respectively, $2,250, $3,500, $4,000 and $5,500. If pur- 
 chasers so elect they may at any time after forty per 
 cent, of purchase price has been paid, take title and 
 give a mortgage running three or five years for the 
 balance. Special and very liberal terms will be made 
 with anyone desiring to have a more costly dwelling 
 erected on a larger plot of ground. We have now built 
 and ready for occupancy houses for sale on this rent sav- 
 ing plan, as follows : 
 
 Houses 25x30, 2 stories and attic, 6 rooms ; 
 
 plot, 50x120 $2,250 00 
 
 Monthly payments on above, averaging 22 44 
 " 25x35, 2 stories and attic, 8 rooms; plot, 
 
 60x160 3,500 00 
 
 Monthly payments on above, averaging 34 91 
 " 33x45, 2 stories and attic, 11 rooms; re- 
 plete with every modern improve- 
 ment, hot and cold water bath, toi- 
 let,open fire places, hard wood finish, 
 register in every room; plot, 65x125, 5,500 00 
 Monthly payments on above, averaging 54 S6 
 As the houses above specified would readily com- 
 mand, if rented, the ten per cent, required to be paid at 
 time of purchase as annual rent, we are fully justified in 
 claiming that, 
 TEN YEARS' RENT PAYS FOR YOUR HOME. 
 As a tenant, you have nothing to show for the money 
 you pay monthly for rent, when the month's occupancy 
 has expired. As a purchaser on our ten year payment 
 plan, every dollar you pay is increasing your equity in 
 your own home and is accumulated savings under your 
 own control. 
 
Table of Payments in Monthly Instalments, 
 
 Payments in 10 years in Monthly Instal- 
 ments, Interest at G per cent, on De- 
 ferred Payments, paying in full for 
 House and Land at $2^250. 
 
 PAYMENTS. 
 
 10 per cent, at time 
 of purchase 
 
 Payment 1st Year. 
 Tn teres t 
 
 Payment 2d Year. 
 Interest 
 
 Payment 3d Year. . 
 Interest 
 
 Payment 4th Year.! 
 Interest | 
 
 Payment 5th Year. 
 Interest 
 
 Payment 6th Year. ' 
 Interest 
 
 Payment 7th Year. 
 Interest 
 
 Payment 8th Year. 
 Interest 
 
 Payment 9th Year. 
 Interest 
 
 Payment 10th Year 
 Interest 
 
 Totals 
 
 1202 50 
 121 50 
 
 202 50 
 109 35 
 
 202 50 
 97 20 
 
 202 50 
 85 05 
 
 202 50 
 72 90 
 
 202 50 
 60 75 
 
 202 50 
 48 60 
 
 202 50 
 36 45 
 
 202 50 
 24 30 
 
 202 50 
 
 12 15 
 
 TOTAL. 
 
 $225 00 
 
 324 00 
 
 311 85 
 
 299 70 . 
 
 287 55 
 
 275 40 
 
 263 25 
 
 251 10 
 
 238 95 
 
 226 80 
 
 214 65 
 
 $2,918 25 
 
 Each 
 Month. 
 
 $27 00 
 25 99 
 24 98 
 23 96 
 22 95 
 21 94 
 20 93 
 19 91 
 18 90 
 
 17 89 
 
 $224 45 
 
 Payments : 
 Monthly 
 Interest j 
 on Defi 
 ments, pi 
 for Hous 
 at S3,50« 
 
 Average Payment per Month $22 44 
 
 
 
 $315 00 
 189 00 
 
 315 00 
 170 10 
 
 315 00 
 151 20 
 
 315 00 
 132 30 
 
 315 00 
 113 40 
 
 315 00 
 94 50 
 
 315 00 
 75 60 
 
 315 00 
 
 56 70 
 
 315 00 
 37 80 
 
 315 00 
 
 18 90 
 
 1 
 
 Average Pa; 
 per Month 
 
ig in full for House and Land in Ten Years. 
 
 3ars in 
 ments. 
 r cent 
 
 Pav- 
 In fall 
 
 Land 
 
 Payments in 10 years in 
 Monthly Instalments, 
 Interest at 6 per cent, 
 on Deferred Pay- 
 ments, paying in full 
 for House and Land 
 at $4,000. 
 
 Payments in 10 years in 
 Monthly Instalments, 
 Interest at 6 per cent, 
 on Deferred Pay- 
 ments, paying in full 
 for House and Land 
 at $5,500. 
 
 Each 
 Month. 
 
 
 TOTAL. 
 
 Each 
 Month. 
 
 
 TOTAL. 
 
 Each 
 Month. 
 
 
 
 
 $400 00 
 
 
 
 $550 00 
 
 
 $42 00 
 
 $360 00 
 216 00 
 
 576 00 
 
 $48 00 
 
 $495 00 
 297 00 
 
 792 00 
 
 $66 GO 
 
 40 43 
 
 360 00 
 194 40 
 
 554 40 
 
 46 20 
 
 495 00 
 267 30 
 
 762 30 
 
 63 53 
 
 38 85 
 
 360 00 
 172 80 
 
 532 80 
 
 44 40 
 
 495 00 
 237 60 
 
 732 60 
 
 61 05 
 
 37 28 
 
 360 00 
 151 20 
 
 511 20 
 
 42 60 
 
 495 00 
 207 90 
 
 702 90 
 
 58 58 
 
 35 70 
 
 360 00 
 129 60 
 
 489 60 
 
 40 80 
 
 495 00 
 
 178 20 
 
 678 20 
 
 56 10 
 
 34 13 
 
 360 00 
 108 00 
 
 468 00 
 
 39 00 
 
 495 00 
 148 50 
 
 643 50 
 
 53 63 
 
 32 55 
 
 360 00 
 86 40 
 
 446 40 
 
 37 20 
 
 495 00 
 
 118 80 
 
 613 80 
 
 51 15 
 
 30 98 
 
 360 00 
 
 64 80 
 
 424 80 
 
 35 40 
 
 495 00 
 
 89 10 
 
 584 10 
 
 48 68 
 
 29 40 
 
 360 00 
 43 20 
 
 403 20 
 
 33 60 
 
 495 00 
 59 40 
 
 554 40 
 
 46 20 
 
 27 83 
 
 360 00 
 21 60 
 
 881 60 
 
 $5,188 00 
 
 31 80 
 
 495 00 
 29 70 
 
 524 70 
 $7,133 50 
 
 43 73 
 
 $349 15 
 
 $399 00 
 
 $548 65 
 
 it 
 
 $34 91 
 
 Average Paymen 
 per Month . . 
 
 t 
 $39 90 
 
 j Average Payment 
 
 per Month $54 86 
 
A simple analysis of the above tables show: 
 As a purchaser of house and land at $2,250, you 
 
 pay principal and interest in ten years 12,918.25 
 
 As tenant of same, at $18.75 P^^ month rent, 
 
 you pay 2,250 00 
 
 Excess in ten years as purchaser, over rent. §668.25 
 or practically by the annual payment of only $66.82 for 
 ten years, in excess of what you would have paid for 
 rent, and for which you have nothing to show, you 
 become the owner of your home without a dollar of 
 encumbrance. 
 Again, as purchaser of house and land at $3,500, 
 
 you pay principal and interest in ten years.... $4,539.40 
 As tenant of same, at I29.17 rent per month, 
 
 you pay 3,500 00 
 
 Excess in ten years as purchaser, over rent. $1,039. 40 
 or by the payment annually of only $103.95, i" excess of 
 what you would have paid for rent, you own your home. 
 The same rule applies to each table. 
 
 With these figures before you, the startling results 
 of which may never before have been brought to your 
 notice, who will continue to pay, year after year, rent 
 which may truly be said, " to perish in the using " when 
 the same money with so small an amount added will 
 purchase a home, which may in time double in value. 
 The very fact that your monthly rent is by our ten year 
 PAYMENT PLAN, monthly savings deposited in the securest 
 bank, growing and increasing annually, necessarily be- 
 gets the habit of economy and the desire to save, and 
 this is in itself one of the strong inducements for the 
 adoption of our plan of purchase. Should circumstances 
 
 ro 
 
compel your removal to some other place during the 
 existence of your contract you have your equity in the 
 same, transferable to any purchaser, and your accumu- 
 lated rent as capital at your command. Should the 
 purchaser of one of our homes, say at $3,500, after having 
 paid in ten years in full for his home continue the prac- 
 tice of laying aside each month the sum he paid monthly 
 during the first year of his purchase, and invest the same 
 at six per cent, interest with accrued interest added to 
 the principal, he would in ten years have accumulated 
 over seven thousand dollars. Thus should his annual 
 earnings remain the same as when he first began the 
 purchase of his home, he would in twenty years be the 
 possessor of his house and land with over seven thousand 
 dollars at interest. Who may not on our ten year pay- 
 ment PLAN possess a competency which with content- 
 ment is better than great riches ? 
 
 Plans and specifications of houses above named 
 with photographs of same, and numerous photographic 
 views of Nutley and vicinity, can be seen by calling at 
 Room 9, No. 84 Broadway, New York City, where all 
 further information desired will be given by 
 
 JAMES R. HAY. 
 
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