New-York tribune. [volume] (New-York [N.Y.]) 1841-1842, 1841-04-20

share. 500 each.
ryx FER cESr TO BE SECURED aPoS sUB>G''''t0
,,t b (npa,v !, without exception OF the safest
and most liberal ever granted by the State OF Ne" io'N ana =
49, orb;y that any companies vail De incorporated Tor
, come II douby tina; account and inc ON
nlissioners dcsirous OF improving II 20 ie oes'
goo, of the public well As that OF ndi' idua
In soliciting Capitalists 10 their pian oil -
tey car them With entire confidence a. nAs
reflection boh N reference 10 % dpce of
the public permanent safety OF investments N @ b.
proper 20 remark thai no pans OF "eN' - d.n,,,
e IN securing conduct H. business every de
cut men integrity and whose study ana
Will be promote and preserve the interests anu ,sbI.
holders apply the confidence reposed IN taeH 10
and reckless specuAiion which past have caused 'he
ian and ruin banking institutions and all conh1tae IN inc
INTEGRITY even and well meaning men, who are oNtd
upon d>iru however worthy or useful III rei' may o.
icc> or they have To accomplish. , $500, J., -.
The plans subscription differ from those usually adopted oy oa
@ companics iaasnuch capital will draw interest IN
other hich the company may acquire under
Investment, capital will make OF the dividends but
each paid year their respective pro-
portions of interest money As well as proht ucfi,e rom %
cash Subscribers deriving all inc interest upon
Bank Civ or State subscribers all the dividends on their sub
rpons exclusively while those securing their payments n oonu'
and are required interest and are entitled to heF
equal proportion annual profits derived from their o"
NO.. in common subscribers IN money ana stocks
Tia, ,bc may he no standing by the subscribers however
Is necessary although interest Is required under ord-
IN business upon tleiF SUBSCRIPTIONS 'o
he mad, mutual companies. TO meet aos>c and
legal and promptly by equal assessments ana IN cle
should ever be found under any unuSuI i en- va az o,
earned ON manu- should o'
o - each holder, bears the amount of such den
ency Ii remarked further that there Is little probability
q. Nv - il !. conducted pruicntly and where
their business constant attention wi! mo-. gea meet
nuy IN hcr capitals which IN other com
n 90 int. common stock instead paid directly the sub
rcr The time allowed unlci amendment the charter of
this company completing the subscriptions 10 their capital W eh
prc the 9TH da, of MAY neEn the mean wc their
subscription books will continue until the full amount shall have
EXPLANATION OF THE TERMS OF SUBSCRIPTION
In Cash.
subscriptions be made usual in other companies for
guaranteed amount OF his -uberPton N add
ncss->ubcc liability Of assessments usual ON mutual eompa
MES. and hcrcinbcforc explained
IN Bank Ci'y or state Stocks.
Subscriptions can by transfer bank stock of this
an other state good credit and well managed
be actua, worth abo." par on their books aud
ac purchased for les, than par III Inc New ORR market
dollar subscriber having guaranteed the dividends on
both stock, abec 70 the LIABILITY !" .m ZEN T ,e CUB
business from to IL or adGab n,S upon One cP1
cash market value upon the same terms
! Tsiacvmjcrcd Real Estate.
Subscriptions ,ccurcdb bond aud mortgage improved and un
made at tro.iltrd the property for 10 Is
and bearing interest ~hae'r but u6cc
as before provided IN common win othrr subscriber
and in should required and PAID the
vii upon bond and thereof NJ
cash required from real estate on uee
be for ~ per cent on the amount OF the
amount their stock subscription will be cancelled
per be paid IN money secured by anl
ock and the bond and the balance 90
The buildings be insured and the property appraised by three
men, under oath %ho are not 1recy or au
cate furnished from the County Clerk
Incumbcred Real Estate.
Person. holding good improved property upon which small
incuu,rnncc may exist upon obtain
ing oh holder of the first mortgage to IN lnces
property this company in exchange for an equal amount OF
their second twod the true value Of
the property security for subscriptions To this stock for 10 or
Is years and thus obtain Increased loan on m property IN the
s'1h o. u" % ir ~ ,hc ir>t oor,g,cc viii nor only
continue hi, regular from the Of the
perry he will from 10 Il cent annually from the profits
of favorable vi
mark should he b. disposed to >cl his stock
believed that there this city and state many millions Of
of improved real estate which ncumbinccs
exist to small part value otc property and whch
loans cannot be obtained III cash III consequence OF 'n PRIOR hcu
and the Of subscription Offered by tins company to
stock could be made known well the certainty that their
stock will be valuable and profitable" one the are OF
opinion would be- induced TO tc first
hereby they would net only make
of Themselves
relief both could hardly fail Of obtaining
@ h % ccci,J inlcr the term, of the company charter
The the untavorbc the
completion the full OF the negotiations previously made
don from country, that favorable will be
American than those
the reception oihe suspension the Penu. banks
and the prospect within months the
ch subscription to the stock Of tins
London BRISTOL no doubt WI" be made certain OF ACCOM-
p-hnent. the pprehension of will then have subsidized
Should be found mpracticabc caI
ta of this subscribed and pa IN IN our own country on
before the 9th OF May the commissioners nave come 10 the hetenn
that time be actually paid ln provided not les than >W
with their businethc remainder OF the capia b-if
duly secured be po IN compliance "th Their charter until urh
account, from their n London
capital paid ofoniy 100000 the dividends can be
New York tho balance
paid
The charter requires the subscriptions be made, and the 10
Der cent 9Th of Nav bonds
re, be- made gu any time after within - days.
Tbo,. compaHe paid
wear from dividends, their receipt.
mium- averaged from 100000 o 100000.
Applications stock this be made the
places
"a Warcei the President House, 10 ~: Broadway y. York
COMMISSIONERS.
Hon. EDWARD ROGERS VI. {. Madison. Madison Co
Hon A. e. II. SMITH. Fairfield. IIcrkmer Co.
Hon. E. &. MEGRICk. CLAYTON. Jefferson Co
ELIAS G0oDSPEED. Esq Wilmington Essex Co.
P.ATT ADAMS. Esq. Ci,y Of New York.
RENI BAICH. E.q. do
Hon. CORNELIUS NASTON Penn Yam. Yates Co.
Hon. BARON ;. DOTY. Ogiensbure, ST Lawrence, Co
VI OGDEN. Elmira. Chemung Co.
CALVIN X. AVERL. Esq Rouse Point. Citation Co.
lion. CHARLES HATHAWAY, Delhi Delaware Co.
Ior. BENZ. p. JOHNSON, Rome Oneida Co
Communications relative this business NTH; ty
York VIII prompt when addressed 80 BALcH
81 Wall street Sew-York Apr4 IL, l5i.
Natc