The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-06-03

I'll sYDN0R, Danvile, Virginia.
c.A.cUTTiNG, Mid idtae,sff VIRGINIA
j. M. MILLER Mddletown, Virginia
PROSPECTUS Or THE MUTUAL LOAN AND TRUsf COMPANY
CAUSES THAT HAVE ORIGIN THE ENTERPRISE n
its ornation hre it, Thisis the first question ev-
perfume here that foundation Of the
present organization
The Metown Land and Company have from
pursued policy Their Plan been "Boom but
be followed BY subsequent reaction Take enterprises has
been their motto and the lots will take Of themselves In pursu
ance Of this policy there has already been located in Mdeown the fol-
The Vgn Building Company capital s25OOo now employing $50
hands which active and profitable operation and has aay declared
Fruit and Vegetable Canning Establishment with capacity Of Is
day. and employ large number Of hands during canning
The dletown Carriage Company. capital $4,000 This the larg
carriage factory machinery now being placed and
Will y u operation January 1891 employing $50 hands
gin not than June l. 1891 ard employ 100 hands
knitting Works. capital s5Ooo to not later than April
Factory later than March l. 1891 and
fine Hotel has already been begun, and will possible
ready for occupancy Va
$4,000 and erecting house. the companys
Several other enterprises bg negotiated with Company
and Pottery, employing half that number
Land Company, and the date when N these enterprises 10 active
operation delay has occurred Impaence resulted
lave selling many intrinsic value and certainly
below the figures they undoubtedly must realize six mouths
Tbs fact the promoters Of the Mutual Loan and Trust Company have
By June next 100 hands will employed IN Mddeowu who with
Already rents 30 cent and at the present
AN'REAI ESTATE THEN FAIL TO RISE IN VALUED NO. IT
UNDoUBfEDIY CAN NOT Why9 Because under parallel ocum-
'''4's' ! = = BASIS OF ORGANIZATION.
Ticking advantage Of the situation detailed above the promoters of the
parable IN auay and sofdy with the bst presented
1 the public
etown Land company lot q average value from These
lots 200 in number have been donated the Company BY parties
must to the benefit Of all concerned and thereby
p''"'s ''' VA VALUE ia Of Ta fri Property
All q thee lots are vel located and Of them constitute
The T as i, residence tcs q .9 s, G1apsny land
strict limit q excitude rate be estimated average
$500 Of them being aianteouy located the
twenty lots purchased recently by George Mkens, Es4 Of ST.
P'"l street Baltimore S 3 T PSS sIs5 ytxp
These lots the ootors OF the Mutual Loan and Trust Company
over the Stockholders Of that Company whou charge Of
STOCK ISSUES. -
This Company have issued shares which s. per share shall
be paid into the treasury Of the Compay subscription and
II on the 10th Of each succeeding month
No stock Offered the public with surtr prospect Of
producing certain returns I \ ao only the from financial point
the situation warrant The assumption
scril the creation Of town the hazardous undertaking Of
converting fields popertyl That part of the work has n
Accommodated aud successfully and Nv visitor 10 Mdown NAV see
i FOR hnself. -
There enough enterprises located here to-day ID treble the value a
every holding and the gigantic bndnow Of construction
testify 10 the with which the worf progress being pushp
PROPOSED AIN o THE oR1 ANHATtoN
lThe capital derived from pacementSf stock will he enuIov IN
dealing in real estate and la advancing ney upon estate and in
assisting PERSONS subject proper guaantd improve their holding
unad do permit Of their building homes
al ESTATE }
All purchases by the Mutual Loan and Trust Com
pany will be below it, market value. -
More speculative investments m not be made anle.
: based upon actual present values J ..t+
= PURCHASES.
The Mutual Loan aud Trust Company will purchase lots IN MeoW,
for holding four CD shares Of paid up fok in this COMPANY
whose enable them 70 raise bulk The entire sn r
II forsuch purchase. i-'~
Such advance must Be By first mortgage ats per cent?
mae payable IN small monthly nslment s the business