Turner County herald. (Hurley, Dakota [S.D.]) 1883-19??, 1889-03-14
The Capital Investment. company.

formed . company which proposes,
with the aid of the voters of South
Dakota, to control the balance of power
and say where the capital of the new
state shall be located That such a
scheme is plausible there seems to be
no doubt, il the matter is properly
managed. Below we give an outline
of the manner in which 1t is proposed
to control the location and divide the
profits:
In this company the shares are $40
each and are divided into two classes:
Glass "a" and class "B;" the latter are
sold Oh the following terms, viz: 81 per
share in cash, the balance SO when the
capital Is permanently located ut the
place where the company invests.
No one is permitted to own more than
five shares In this class. If more stock
Is wanted such persons must take it in
class "a" There is no membership
fee, no annual dues. and no assessment;
simply 81 in cash and 80, without note
or security, payable when the capital is
permanently located as above men,
toned.
Glass "a" must be paid up in full as
follows, viz: 10 per cent at time of
subscribing; 20 per cent in sixty days;
80 per cent when called In by the secre-
tary and 40per cent when the inyest-
mont is made by the company.
Both classes of stock have the same
privileges and share equally in the
PROFITS, and each share OF stock is en-
titled to one vote in the election of Di-
rectors. But dividends on stock not
fully paid are credited on such stock
until paid in full. No stock can he
sold for less than par. 1t is from class
"a" that the company obtains its funds
for investment, The 81 per share re-
ceiyed from class "B" just about pays
the expenses of the company and that
of Its agents in negotiating and deliver
ing that class of shares.
The shares of stock will be issued In
series. The first series (now issued) is
S5O,OO0. A second series of 100000
will soon be issued, and additional
series, not to exceed the 100000 limit
will be issued from time to time as the
stockholders may direct until every
voter of South Dakota, who desires
has become a stockholder. From the
present demand for shares, the officers
of this company confidentially believe
that twenty thousand persons in South
Dakota will be shareholders in this
company in the next ninety days.
| With eight or ten cities in the field
as candidates. it will be easily seen that
the stockholders of this company, by
working together, will be able to con-
troll the situation, and that
by taking shares, an investment in this
company is reasonably certain to be
successful. Having acquired strength
by large membership, the company
will invest in the city which. having a
good prospect for securing the capital
makes the company the best
offer in lands suitable for plating into
lots. The company will, no doubt, be
able to buy from 300 to 600 acres OF
land contiguous to such city, at price
so low that there can be no chance tc
lose anything on the property even
without the capital; but with the loca
ton of the seat of state governmen,
there, the increase In value from acre
property TO city lots will be great. I,
is a well known fact that investment:
in city lots have made more princelJ
fortunes than any other kind of specu
latlons. But when and where to invest
is an enigma so difficult that few solve
1t until prices have gone beyonc
their reach, and forever afterward WI
hear men tell what they might have
made had they known what the,
learned after it was too late.
The capital of South Dakota will b'
permanently located by vote. Eight o.
ten candidates from the bustling
, booming Dakota cities. any one O
which is equal in energy and resources
to any eastern city of ten times IT
size make the capital location grea
uncertainty, DuI Oy I0o alu VI tnlS OF
ganization the less ambitious counties
cities and towns can finally control tn
situation by their united action, ant
: thus make investments certain.
Speculation then becomes q matte
of intelligence. and not mere luck.
The stockholders will become th
: volunteer army of the campaign, ant
in every township form nucleus from
, eminate effective, interested work
when you add to this force the re
doubled efforts of the city where tn
!, company invests, there can be no doub
!, Of its success.
: PERSONAL.
t Miss Emma Fitch is visiting at th