Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1875-05-23
Safe Investment.
The PacIac Coast Twelve Per Cent. Con-
soils.
NEW METHOD WITH ASSURED ADVANTAGES

rapidly growing interest 10 being taken In the Pa
cinc Coast Twelve Per Cent Consols in consequence
of the many advantages offered In regard TO invest
| ment interest and dividends SO much uncertainty
exists in connection with nearly all mining and other
speculative companies there is something very assur
| ing In Incorporation which not only guarantees
twelve per per year to all stockholders, but pro-
vdes for the honest payment Of dividends The Twelve
per Consols Incorporated on the 18th OF Feb
uary last for the purpose Of transacng general bust
in buying and selling mining properties, city real
estate and agricultural and other lands In the states
and Territories of the Pacific Coast. Determined to do
only strictly legitimate business, the Directors re-
iected the old method in vogue by mining companies
generally, and adopted a which secures to all
parties who become shareholders equal advantages In
the business transacted By the provisions Of the by
laws
Is to be made of onchaf the proceeds of the total cap
ita stock which shall be sold the joint account of
the original coowners The stock will be classified as
follows: Sinking Fund, mining property, city real es.
tate and agricultural lands Before stock is issued
in class the property will be appraised by the own
and the stated value entered upon the books Of the
Company. Shares for not more than fifty per cent. of
valuation will be issued in any of the classes and
the of shares offered for sale in any class,
exclusive of the sales of stock in the Sinking Fund,
will not be allowed to exceed $1,000 if sold at less than
the par value of dollar per share.
GUARANTEES OF SAFETY.
In regard the Sinking Fund which will constitute
fifty per of the value of the stock all moneys
received the proceeds of sales of stock account
OF the fund will be deposited with solvent bank
ing institution, when pays interest deposits invest
ed in interest bearing stocks, bonds and other securi
ties which be realized In thirty days. and in
will it be lawful for the directors trustees to in
vest any moneys of Le sinking Fund the purchase
of stocks bonds other securities of any incorpora
bicb hail fai1a into
dividends for period of six months preceding any
proposed investment pertaining to the sinking Fund
of the company.
PAYMENT OF INTEREST.
The bylaws further make positive provision for the
payment of interest monthly all stock issued in each
class at the rate of twelve cent per annum, paya
bic the 5th day of each month. Another important
concession is that any shareh the option to
take stock in payment for interest at value in
levied until the total stock Of the linking Fund shall
have been sold and paid out as provided by the bylaws
case the whole capital stock of the company should be
sold mmedately and the he's sinking Fund invested as
interest for eight years and half the total capital
stock. Perhaps no other company in the world has
ever been able to present so brilliant a certainty.
DIVIDENDS.
Stockholders will not only be of their twelve per
cent per e but viii s snare in 1 all the he,
and sales of property and only shares of consols
a s h efe sd be
little question that the transactions of the company
will be extensive and that the profits will rap
idly reach something handsome, the dividend pros
poets should serve a strong nducement to stock
purchasers for perhaps in other direction they
be positive of receiving one per cent month for
money invested and almost certainty of large yearly
dividends in addition.
further provision be made at any time by the
company by setting aside the percentage agreed upon
of the sales of the properties of the company. The
main object of the directors is to incorporate q
more legitimate and assured method of transactlng
business in mining and property than has hitherto OBJ
tanned on this coast. They therefore resolved to
touch nothing but bona ide Investments, and to make
it rule 10 have nothing to do with speculative val
ues. Every possible will be taken protect the
interests of Shareholders and in order that they may
be constantly posted in the transactions OF the
pany, monthly statement of affairs will be prepared
by the officers and the books will be at all times open
for inspection.
hares for the first series issued for mining property
In Washoe storey and Lyon counties and on the |
,omstock lode in Nevada and for account of Sinking
Fund.- are now ready for delivery to subscribers and
purchasers at Greenebaum & Co.'S, sos Montgomery
street The set selling rate will be one-twenty, and
the buying rate one-nineteen. The principal office of
the company is at sI6 Montgomery street. T. Phelps
is the President and W. S. reynolds the Secretary