Lyon County times. [volume] (Silver City, Nev.) 1874-1907, 1875-06-06
Safe Investment.
The Pacific Coast Twelve Per Cent. Con-
NEW METHOD WITH ASSURED ADVANTAGES

rapidly growing interest is being taken in the Pa
chc Coast Twelve Per Cent Consols, In consequence
of the many advantages offered in regard to invest
ment, interest and dividends. much uncertainty
exists in connection with nearly all mining and other
speculative companies there is something very
ing in Incorporation which not only guarantees
twelve per cent per year to all stockholders but pro-
vdes for the honest payment of dividends The Twelve
per cent Consols were Incorporated the 18th of Feb
ruary last for the purpose of transactng general bust
ness 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-
1ected the old method in vogue by mining companies
generally. and adopted new which secures to all
parties who become shareholders equal advantages in
the business transacted BY the provisions of the by
laws
SINKING FUND
Is to be made of oncha the proceeds of the total can
ta stock which shall be sold the Joint account of
the original co-owners The stock will be classified as
follows: Sinking Fund, mining property city real es
tate and agricultural lands Before any stock is issued
in any class the property will be appraised by the own
er and the stated value entered upon the books of the
Company. Shares for not more than fifty per cent of
the valuation will be issued in any of the classes and
the amount of shares offered for sale any one 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 to the in king Fund, which will constitute
fifty per cent of the value of the stock all moneys
received the proceeds of sales stock on account
of the fund will be deposited with solvent bank
ing institution, which pays interest deposits invest
ed in interest bearing stocks bonds and other securi
ties, which can be realized in thirty days and in no
case VIII ii be lawful for the directors or trustees to in
vest any moneys of the Sinking Fund the purchase
OF STOCKS bonds or other securities of any incorpora
ton whatever, which shall have failed to paw interest
or 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 per cent per annum paya-
Bile on the 5th day of each month Another important
is that any sharehc der has the option
take stock IN for interest at value in any
class that may be preferred No assessment will be
have been sold and paid provided by the by laws
Indeed, so secure is the plan Of the company that in
sold and the SINKING Ss s
provided the proceeds would be sufficient pay the
interest for eight years asd half total capitaI
stock. Perhaps no other company in the world has
ever been able to present so brilliant certainty
DIVIDENDS.
Stockholders will only be sure of their twelve per
cent per ananm but Will share in all the surplus
na sales Of a n o Ss paid the
that have issued for property valued and entered
little question that the transactions the company
viii be very extensive, and that the profits will rap
idly reach something handsome, the dividend pros
poets should serve as a strong nducement to stock
for perhaps in other direction can they
be positive of receiving per cent month for
money invested, and almost certainty of large yearly
dividends in addition. ''
further provision can be made at any time by the
company by setting aside the percentage agreed upon
of the sales of the properties the company The
main object of the directors is to incorporate a
more legitimate and assured method of transactng
busns in mining and property than has hitherto OBJ
taned on ths coast They are therefore resolved to
touch nothing but bona de Investments and to make
II rule to have nothing to do with speculative val
ues. Every possible will be taken to protect the
Interests Of shareholders and in order that they may
be constantly posted in the transactions of the COM
pany, monthly statement of affairs will be prepared
by the officers, and the books will be all times open
for inspection.
shares for the first series issued for mining property
in Washoe, Storey and Lyon counties and on The |
Comstock lode in Nevada and for account of Sinking
Fund.- are now ready for delivery subscribers and
purchasers at Greenebaum d Co.'S, sos Montgomery |
street The set selling rate will be onetwenty, and !
ne buying rate one nineteen The principal office
the company is at S06 Montgomery street T. PhelDs
is the President. and W. $. Reynolds the Secretary