Fort Worth daily gazette. (Fort Worth, Tex.) 1882-1891, 1890-12-14
REALTY AND BUILDING.
The Bank Clearings show Healthy
Increase.
Banking Capital Increased Res'dsncss Being
Buil,-New Financial Ins,i,ution-Ihe
Weeks Business-Notes.

! good business. Real estate sales showed
week. All over the city building opera
tious are gong on, and arrangements
/ are being made to do much more build
( ing In 1891.
! THE GRAND HOTEL.
! Advices were received yesterday from
| Burnhsm s Root of Chicago of most
! encouraging nature, and this morning
Nessrs. E. L. Chase and Martin Casey
| left on the canon bail train for Chicago
TO close the matter. Work will begin
on the hotel on April 1.
| NOTES OF PROGRESS.
The directors Of the Farmers aud
Mechanics national bank met yesterday
and increased the capits! to 81 900, 900.
The increased capital has been paid in.
By February twenty new residences
will be completed in Prospect Heights.
Mr.. John C. Ryan has made arrange
meuts for the construction of an electric
car line to the property.
BY Saturday the main building of the
brewery y ill BE- six stories high.
BANK CLEARINGs.
Clesrings for week ending December
l3. 1880: Ciearines. 2.lO2 .2l7 SIS;
same in 1889. .705. SS2 so. Per cent in
crease, 23.3. Respectfully,
f. B HAROLD, Manager.
NEW FINANCIAL INSTITUTION.
THE GAZETTE made mention III its yes
terday's issue, IN telegram from Aus
tin, OF the filing of the charter OF the
New England savings bank and trust
company of Fort Worth, with
Capt. Sam Evans. Capt. f. b. Dag
gett, L. B. Imboden and others
us incorporates. 1t has been known
and published for months past that Mr..
l.. B. Imboden had conceived the plan
aud done the work leading up TO the
formation OF this company. In
onreIsation yesterday Mr.. Imboden
gave the following outlines of
the plans of the company which
has leased the first two floors of the Hur-
ley elch,-story office building and fitted
the elegant rooms with the most modern
bank furniture. preparatory TO begin
ming business early in 1891. Is is
known that national banks cannot
make loans on real estate
or handle real estate paper
TO any extent, and the main object of the
New England savings bank and trust
company is to supplement the work of
estate paper on long time mort
gags. The company proposes
10 make loans for thirty days to twelve
months on real estate paper, just as
national hanks do on personal security,
and on as liberal terms, and will at the
same time handle strong personal paper
running from six to twelve months on
the same terms as the banks
would for short period. 1t
ia proposed TO have $500 900
of capital paid in in six months and in
crease it from time to time to 81 900 900.
Inside of twelve months the New Eng
land savings bunk ami trust company
will, Mrt,s 1mboden says, have connsc-
ton with no banks and bsnkers in Texas,
who will bsafock holdersS and interested
in For. Wort as well % the bank. 1t
can readily seen yhy the So 900 900
capital will bs9pecestfry to handle the
business comina6trom SO many sources.
Capitalists in KSRsAs City, St. Louis,
Chicago and otha Eastern cities have
been interested i1Sf enterprise through
the efforts ana fuence of MIR.
ImbodeG, who Iit,maJa that c new ma
tional bank witt caykal of $500, 900
may be the result for iisresting these
gentlemen, Who would in bat event use
part of the first floor and 81, 900 furui-
ture for bapk purposes. ThHEjs without
question Sthe finest ftta bank
south ofsst. Louis. Mr.. fmboden
says that Messrs. Camp s. Camp did
fine pieceof work in getting the COM
pRny's charter go promptly and per-
recily, enabling the enterprise to be-
gin business early in the new
year. He feels that older heads
might well be proud of the
legal ability displayed. Within thirty
six hours from the time the charter was
signed MIR. b. ". Camp was back in
Fort Worth with it, and turned certi-
fled copy over TO Mr.. Imboden, who is
very proud of the neat document.
THE COTTON MILL.
The side track was finished last week
and the we'll completed and closed up.
Work on the foundation will begin this
week. ~
The collector viii be out this week
collecting FIRST payment from
those who have fSasp4ia, aud it 10 de-
sired that all wilEpay prsWptiy so the
drawing can beshad as several wish to
build in that addition.
RECORDED TRANSFERS..
W. q. Elliott to W. a. Dur
niger, lois anu 4, Dlock ~,
Field Subdivision. 5000 90
James G. Roe, Jr., to c. C.
Curtice, 35xl00, block 81,
Fort Worth ........ :. $500 90
W. A. Archer TO w. II. Hol-
comb ct al, part of S. Gil
more survey. ......... 400 90
G. l.. Post to ] NJ. Buchanan,
lot IA. block 8, Second
WOODEN Mill addition 100 90
Il. B. Buck to Ella L. Post,
7e5xl065 feet near WOODEN
mill addition. ........... 1000 90
c. L. Post to E. C. Stephen
con, lot 81, block 6, second
WOODEN mill addition 100 90
E. 8. Prentiss to Anna Hazle-
hurst, lot 6, block 2, Glen sf
wood addition. 375 90