The times. [volume] (Richmond, Va.) 1890-1903, 1890-09-07
ThaViPgiDla Land &L0al 60.

The virrihir Land and Loan Company
was established last september with head
onorters In The thriving and substantial
city OF staunton.
This corporation is buying lana IN iarse
Quantities in established and growing |
nlaces and building thereon dwelling
houses and selling the same on easy
monthly payments. The company do not
;,,erd establishing towns or specializing III
l,pds hut 10 operate in places where there
already demand for homes. They buy
III Tho available lots in any certain section
81 town where there is a demand Tor
buildings. then 30 place lhclf HOUSES a. W
;,,roose the value Of all their remaining
- i' tbs addition Of every house they put
up. ,.....,.s 70 conservative
r,thor than speculative, and That because
or the manner i'm which II Is conducted lnel
iii i.a allie to erect buildings at a very much
10 .o-t ;ban could individuals. Inc! Sc
rnre the land at price FAR below Wha' luc
Individual would have io pay, as they puy
M ono time an the land desirable LOT Du',u-
i'm, ,,,irnosr- in the section where ihcY III
,"nj bnildlug: they buy the material al
cost which saves them the pr0iit oI lhc
,vboIesole and retail dealer. and they secure
tho construction Of the houses at very low
rato by letting ont the same IN very laLSs
contracts. and they pay caeh down III luli
an AN purchases and contracts.
rboy sill for "a small amount OF advance
money. tine balance 90 be paid M mohthly
instruments but little i'm excess oi "hdl il'
hnuse would rent for, SD each occupant Oh
building is interested as an oWhei, W i ,', "
desire % improve his own property an" "''' /
his neighb0rho0d progress. .,,
The interest and principal oil the u"palu
purchase money coming 10 inc com penl
montLlv is compounded 10y them ny "elh-
;n,,nediafniy invested in other buildings OF
loaned ON real estate. the company AWAY
haylne Il demand i1r tine loan OF ITS surplus
cash. ma. ,-ir..;,i,
FOR wears residence, will sell IN Virginia
nj profitable prices. not counting on the ne
fitiou. .boom" prices now being asked Ut
The Virginia Land and Loan Company
are early on the ground, and If their AFFAIRS
are properly conducted they VIII DO a pro-
itahle business. ..
LEI Ms look 40 the officers Of this corpora
fion. for tbe success of any corporate DOul
danerds ON the officers who shape rs pohcy
and conduct its business. The president -
| ". l.. Fleming, of Richmond, scu-n'de
man. one who ha- by his own unalded ei-
| orrs climbed an the way nap ihe laodef o'
! bnsine-s -agacify and enterprise. \. I.
nravton E.u.. the late city counsel al
stanton. is the first yicc-pre-ideut ana
General cou-el. Mr.. BraXtOn is one oi the
| BRIGHTEST lrainc-t and most inielli-'ul
mon have met in Virginia. lie is mol onl4
brilliant. but possesses AIT the Characters
Ties of a pushing business man from must
ling Sew England. +. y. Berkeley the Sc
/ cond ,iccrresideuf. is receiving teller OF the
Augusta National Bank Of Htaunton. +"
careful. conservative. honorable BUSINESS
man. The General manager ls W J.. al
TORS. DR.. a GOOD business man. >. y. NC
Farland. who j. Just entering his ciehih
wear as treasurer for this county. 2ehtit-
man who enjoys in an eminent degree the
confidence and respect OF his ielloW-citizens.
is the secretary and treasurer.
THE COMPANY DOES NOr sPEctL AIE.
I'm addition to the high standing Of it, Of
dcers. the company Is safe because IFS CHAR
actcr will not allow IN to speculate; 10 doe,
au absolutely cash business: ITS loans are
placed 0ulv on real estate to am amount NOT
exceeding tw0-thilds p' ifs cash value; Doth
principal and interest are payable III
monthly instruments, thereby increasing
tlo security at every payment; the tfcd9u-
and ho' is bonded in double the amount OF
his monthly receipts. the constitution re-
ruirin,r that the bond shall Doe renewed an
nually. and spread on tlC public records OF
the -iamt0n city Court: the company now
have sufficient capital and have had ample
experience 60 guarantee success "n" ui'
law, Ol tine state compel Do to make AN an
mal public statement of it, condition.
II is not the intention of the company lo
q u.
only loan such a- may from time to time ac-
cimuiaie n the treasury, that they VIII
AWAY, have au income from some source
for every dollar in their. possession. Atii
in iu.talment-. however, is a very attractive
one. for it permits man o. return loans o.
d I'M way that viii not he burdcu-Dme,
and at tine same time allows the company i1
compound the principal and interest. and
| thereby declare large dividends tO the stock
| holders.
The purposes of the company, briefly
stated. are tO provide ioi the savings of IFS
stockholders. t0 assist them in securing
home, 0i their own. o. divide among them
what would ic the profits OF the savings
bank. tine money lender. tine real estate
| Spectator. and in addition. t0 make the
+ very large pg0it ON tne buildings they erect
/ because at ilo great advantage they nave
over tnc ordinary builder.
The cost tD q st0chh0ider - II per share
| 10. membership lOe. 81 pcr share ai the time
of becoming "a stakeholder. ami : per mouth
thereafter until such payments. with the
dividends added. shall amount % The price
ui fhe shares $780,
Tne officers confidently pred.et that in
from l.ui auG-l-half 90 nye years the stock
/ viii mature hy reason OF the profits 90 the
/ business. As there are positively no extra
assessments. this means thdt by paying ) D
per month membership fee. 81 az the time
/ III becoming % stakeholder, and ST per
month thereafter for from - 90 I'D months.
making "a total amount paid iu 0f from 81.
tOSll. each share VIII Dee fully paid. and
would then ho worth more than SlOl. be-
cause 10 would scli az q premium If tnc COM
pany were able to make the showing de-
scrbcd above.
The laws 0f thc state and the wording of
the charter are such that q ~tockh0ldcr is
not personally liable. in any event. for the
debt. OF the company. and Dc can Withdraw
I no amy time after he has paid 300 fl2 or more
on each share. and receive ,ho luli amount
/ he has paid in. together with four per cent.
/ interest added.
The comuany's authorized capital Is J.
! ull. 900 and enough O. thc stock was sold
/ immediately upon the organization of the
company % enable DO OBJ put the scheme 10
/ practical test before dl-p0sing OF the Ie-
mainder 40 the end Of tine first six months
| the business already done allowed the COM
panv t0 declare q dividend Of per cent.
! after paving the taxes ON IFS stock taken zap
| 10 that date, amounting to ahout 1900
shares. Therefore il has been decided by
/ the stockholders 90 dispose o. the balance OF
| the stock. and il can be secured hy address
| ing the company.
| 4 good feature OF thi, organization is that
the amount To- beeNpended In salaries 0f the
officers il nNed hy the stockholders and not
! by the directors, SD no waste from that
source will ever occur. Another point, and
"a GOOD one. is that the stockholders vote ID
proportion % the amount of cash paid 10.
| thereby shutting Oh all manipulation OF
votes bg straw" stockholders.
have carefully and thoroughly inyest-
gated the officers, plans, and purposes Of
the company and am prepared 90 State that
believe 10 t0 Dee "a sound and honorable or
eanizat0n. and that 10 viii prove proiita-
be business cuterpri-e.-COr. American
Wool. Cotton aud Financial Reporter.
This company is doing large business