New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-20
DENVER. COL June IS. 1890.

AMEhitA
DENVER, COL, June 49, 1890
To CHARLES N. FOWLER Esq, President OF the
Equitable Mortgage Company.
Sir: Having accepted an invitation OF the Equitable
Mortgage Company in May last to visit those sections Of
the United states Of America in which the Company
rles Oh business and to Inspect many as possible Of
the agricultural properties upon which money has been
loaned mortgage to form an opinion With regard
to the taken by the Company and the general
soundncss of the undertaking proceeded TO visit the
following places. namely: Washington, d. C. ; Atlanta.
Americas, Macon, and Griffin In the State OF Georgia
parts OF the Mississippi and Yazoo Delta ana VickSourg
in Mississippi NewOreans and Shreveport In Louisiana
Dallas and Waco in Texas Little Rock and Pine Bluff
In Arkansas Kansas City In Missouri; valley rams IN
Kansas and Denver, In Colorado
In reaching these vast extent OF country was
passed through aordn2 opportunity OF OBSERVING
the character OF the agricultural districts In which
the Company carries on its operations.
Our investigations have been directed especially 70 the
following points
l. The standing OF the officials OF the Com
pany and It's auxiliary financial Institutions
2. The methods adopted in and about the negotiation
and completion OF the loans and the examination and
valuation OF properties upon which they are &C.
cured
g. fulalrnent Of requirements Of the local laws
affecting the securities.
H. We have fayorably impressed with the char
actr and standing OF the gentlemen connected with tne Tom
pany with large number Of whom we have been brought
into personal contact At several Of the aboye-named
medium banks which II holds controlling interest
We mad repeated opportunities Of meeting the gentlemen IN
charge Of these various institutions and satisfied from
interviews with them. and from careful inquiry, that
they Of high standing their respective towns and
that the banks Invariably enjoy excellent credit
e. The methods adopted In dealing with applications
for loans appear satisfactory and complete eVnc-
ing careful attention 70 all details essential to safety me
practice Of employing special independent exaniners or
vho saaicd onccrsnOt remuneraed by COM
10 review the local valuations has our fullest APP
prevail much impressed with the apparent
fitness OF those examiners who have accompanied US upon
VISIT OF inspection
The numerous farms and plantations visited by US APP
pcarcd afford abundant security for the money advanced
in selecting the south additional Held Tor us
operations think the company is acng judiciousy and
with foresight.
Every opportunity has been Afforded making full
investigation into the companys methods Of doing business
and OF freely questioning all Of the officials In addition
70 :hs have embraced opportunities OF gaining
Information from local. independent souTces-"hieh NOR
nation has proven OF a satisfactory character.
49, We have had interviews with the attorneys en-
poycd by he company in tho districts Visited. We are
satisfied that they are men Of high position In their pro-
fcsson and II appears that :hc company is acting
under sound legal advice They closely INTERCEPTED by
the legal gentlemen Of party on yarous points Oh law"
and the answers given entirely satisfactory.
concluding this statement We are unanimous In ex'
pressing these two opinions;
First. That the system Of employing local banks loan
ing -naueurated by company and pFactsed
Know by 1t alone-has already been produc.
tive of satisfactory results and affords every promise OF
further success Among the advantages the following arc
apparent
minimum n expense IS incurred IN making and caring
FOR the loans for Anal payment
The advantage OF having local board Of directors fan
Ear with the credit and character Of the borrowers
and with value Of the land In their respective
localities, thereby enhancing the degree Of safety.
g. personal agency IS liable N the disadvan5aze OF
Interruptions and change. the banking agency has the
obvious and very great advantage OF permanency and
consequent continuous care ot the business.
second That the mortgage system OF the company Ia
sAifuy devised and well adapted 20 insure safe and
prosperous business.
with assurances N confidence in management and
methods II your company are. sir Yours faithfully
WALTER ANNECKE, Neue FriedreChstrasse, 5254 T. c..
Berlin Germany.
" RANKING l Delamere Terrace W. and IL ST. Helens
Place T. G., London, Eng
JOHN n KENYON sol tor. Il North John Street Liver
pool Eng.
A. PHILIPS. Jr go Hercensracht Street, Amsterdam.
Holland
W b. LOwsON. 6 Royal Avenue, Belfast
e. BlEtHALL. g. Castle Street T. Liverpool. Eng
g. p NORTON Of ArnItaSe Norton Huddersheld. Eng.
JOHN MACINTOSH. standard Building ST James Street,
Montreal. Canada
H. F. RICHARDS 80 Pine Street. Providence. r. l.
CIAS. J. STEVENS. Walker Building. Worcester Mass
CLARENCE r.. BACON. Mddletown. Conn.
BENZ l. LEEDS. 10 State Street Boston. Mass.
ALDEN CHESTER Is and 10 Tweddle Building, Albany,
Y.
W W PORTER C23 Walnut Street. Philadelphia, Penn
dspha, Penn