New-York tribune., 1890-07-17
Ginanrial.
A Thorough Investigation
and Endorsement

dlfu ElluUl SCIIlOllt
By FIFTEEN GENTLEMEN, COMPOSED OF AC-
COUNTANT-, ATTORNEYS, CAPITALISTS. AND
REPRESENTATIVES, OF LARGE FINANCIAL
INTEREST,", IN ENGLAND. GERMANY AND
AMERICA
DENVER, COL, June 49, 1890
To CHARLES y. FOWLER. Esq, President oil the
Equitable Mortgage Company.
Sir: Having accepted invitation OF the Equitable
Mortgage Company May last TO visit those sections OF
the United Of America in which the Company car
business, and inspect many as possible of
the agricultural properties upon which money has oee
loaned to form an opinion with regard
the securities by the Company and the general
undertaking. proceeded TO visit The
following places. namely Washington, ID. c. Atl'nta'
Am.ricus, Macon. and Griffin in the state oil georgia
parts Of the Mississippi and Yazoo Delta ana NcksOhs
IN Mi>ssippi NrwOreans and Shrc eport In Louisiana
Doa, and waco in Texas Little Rock and Pine Blnh'
Arkansas, Kansas City, Missouri Valley Falls IN
Kansas; and Denver, in colorado.
Ia reaching these centres extent Of country was
passed through aiordn2 opportunity OF observing
general the agricultural districts IN when
the Company carrie, it, OPP rations
our INVESTIGATIONS have been directed especially to the
following point,
The character standing OF the officials Of the Com
pany AID IT., auxiliary financial Institutions.
=. line adopted in and about the negotiation
and completion OF the loans and the examination and
valuation OF the properties upon which they are Sc
cured.
g. The mIAment Of the requirements OF the local laws
affecting the securities.
a. We have been fayOrbIy impressed with the char.
and Standing Of the gentlemen connected with the Com
pany, w number Of whom we have been brought
personal contact. At several OF the abQHc-named
place, the Companys business carried on through the
medium which IL holds controlling Interest
repeated opportunities meeting the gentlemen In
o these Institutions and satisfied from
them, careful inquiry, that
they Of bgh standing in their respective towns, ana
that the bans, invariably enjoy excellent credit
(2J The method, adopted in dealing with applications
loan, appear satisfactory and complete, cYnc
ing careful details essential 70 safety The
practice OF employing special independent examiners or
Naucr- tHho saafcd oncoTnot rcmunerated by cou
local valuation, has fullest ap
pro,a and have much pressed with the apparent
examiner, who have accompanied us upon
| visit, OF Inspection.
The numerous farms and plantations visited by rs ap
Io1rnd afford security money advanced
ana selecting the South additional field for IT,
operations nk the company Is acting Judiciously and
with FORESIGHT
E,.ry opportunity afforded us Of making full
INVESTIGATION into the company, methods doing business
and Of freely questioning all II tr officials. In addition
:hi, embraced opportunities of gaining
Information from local independent ,ourr"'-which nfor-
! nation ha, proven OF a satisfactory character
3d. W. had interview, with th" attorneys en-
pl0yed bv .h. company in the district, visited We are
sat .n,d that they II high position IN their pro-
f--ou. and It aup'ar- that :hc company is acting
under sound o-a advice They were closely utcroeatd by
the r, gentlemen of party various points OF law,
| and the answers given wDr, entirely satisfactory.
Ia r7ucudn, thi, unanimous In eN-
! pressing t.D.. Two opinions:
It- That system of employing local banks as loan
inc a-ts uaurur,td by your company and practiS'd.
-o f,r a, KNOW hy IL aourha- already been prodnc-
t>e ~ factory results and afford, every promise Of
fl-.hcr success Among uc advantages the following ar"
/ app1-rut:
\ minimum = expense Is incurred IN making and caring
for 20, Joan, ,,r final payment.
tn. advantage having local board u directors famh
.lr a..h th. credit and character Of thc borrowers
snd with tbe ,au" u me land in their respective
l,r,,ti.. thereby enhancing M" d"gre" ~ safety.
g. WIr I-.nl a-'ncy Is Liable 20 the G''ad'an'a'e %
lt.uurt.l. ana change. Oh" Iauknc ac'nry has the
obvious aud very cr'at advantage ~ p"rmanency ana
| c1n..qlent coutnuou, car, of the business.
second That the mortgog" -s~tcn of the company IS
-.arIy devised and Well adapted to insure safe ana
pro-p"rog- business,
WIN a--lraucc, ~ confidence In the management and
u,tao, u yoar corrany. arc s'r. Yours faithfully
WALTER >NNICKI.. Neue Fr'drecl-tra-.o. j2-5i Z. c.
Berlin Germany.
H. RANEING. r,l,uore Terrace w, and II 81. Helen
ric. g.. G.. Louaon. Eng.
ioN H. Kr\IoN. sol tor II North John Street. Liver
N PHILLIPS. Jr. 80 ucrr,ncracht Street. Amsterdam
! Holland
". p. LoW~oN. 6 ROYAL Avenue Belfast
| e.. UIIt, UNIG b. castle street ], Liverpool Eng
4. T. ~DUToN ~ Armit7-. Norton. Hutdcr,lrd, Eng.
join MACINTOSH. standard Building. st. James street.
Montreal. Canada.
! H. f. RICHARDS, 30 Pine Street. Providence, r. I.
| ru\S. L. STEVENS Walker building Worcester. Mass.
| cL>ErNCT j.. BACON. MiGdlctown. Conn.
| BI.NJ ]. LEEDS. 10 stat" Street. Bo.'on. Mass.
ALDEN CHESTER - and 10 Twcdie Building, Albany.
" W PORTER ce3 Walnut street. Philadelphia, Penn.
Join j. MACDONALD, Produce National Bank, phila-
d-lrhia Pciu