The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-02-25

WI. WHEATLEY See Of Corn and Flour Exc'ge, Bato
I'll. SYDNOR, Danvie lmgna 1
JW. RICE Winchester, Virginia
CA. CUTTING, Mddletown, Virginia
]. NJ. MILLER, Mddeown, Virginia
Or THE MUTUAL LoA AM. TRusr c0APANY
CAUSES THAT HAVE ORIGINATED THE ENTERPRISE
The Of scheme largely dpsLd upon the that justify
oginaion Is there for it? T, the rst question that
FORTUNE state here the that have led The foundation of the
present organization
The Mddetown Land aud Improvement Company the first
pursued conservative policy heir Plan has e to loom but
steadily and There initiation If values
oowed BY subsequent reaction Take of the enterprises
tn II motto and the lots will take Of themselves In pug7
this policy there has already been located in Metown the fol-
The Ygi Building Company capital $4,000 now employing 1850
aads which active and profitable operaon ami has ALREADY declared
large dividend upon the capital stock
day. and employ large number Of hands during canning
age factory the South It's machinery being placed aud
win be in operation January 1891 employing $50 hands
gin later than June l. $780, AID employ 100 hands. .
Knitting Works capital sS0OO to not later than April
Factory business than March 1884, and
Hotel has already been begun and WILL possible be
ready for occupancy.
Valley Company has been organized with capital
$4,000 aud erecting hoses the compauys lots
Several other enterprises being negotiated with, the Company
almost certain to secure large Iannery employing about aOO hands,
and Pottery, employing half that number.
But the drawing of lots BY stockholders Of the Mddletosn
company aud the date when all these enterprises will be active
operation delay has necessarily occurred Impaenee has resulted
The policy Of the Land Company has not been appreciated a and 5
below the figures they undoubtedly realize months
This fact the the Mutual Loan and Trust Company have
By hands will be employed Mddeown who will
their families must augment the population by at east 1000
Already per present there
an actual demand for over 100 houses. ..- -.
UNDouBrEDLY CAN why' Because under parallel Gedm
stances 1T has never f bsss e 81 81 &C. ORGANIZATIONS
Taxing advantage the situation detailed above the promoters OF tn
solid
Thew have obtained from of in the Mid
lots 200 number been donated the Company by parties who's
holdings considerable who desire
largely ontbu to the benefit Of ali concerned and thereby naur
laIy promote their individual Interests.
All lots well located and Of them constitute
J the finest residence sites on the companys land.
They been valued al $3.50 EACH but in order keep within h
strict limit Of exactude be estimated at
twenty lots purchased recently by George j. Meeken Esq Of 4Os
Paul street. Baltimore At So S9o each r,rSn
These lots the prootO Of the Mutual Loan and Trust Company ur
dollar. .
Iris Company issued shares upon which share sa
e paid into the treasury of the Company 81 at time of subscription
Isl on the 10th Of each succeeding month ~
producing certain This only the from financial pon
m uew the statement above demonstrates entire surroundings
the situation warrant the assumption. .
Subscribers capital stock Of this company not invited TO sub
corn fields city property That the
accomplished and successfully aud visitor to MddetOwn Sc
flor himself i
There enough enterprises located here to-day treble the value
every holding aud the gigantic buildings Of construction
Testify to the energy with which the work Of progress being pushed
| -. PnoPos III
The capital derived from the placement Of stock will be employed
dealing in real estate and in advancing money upon real estate and
assisting ersns proper guar improve their holding
whose means unaded DO not permit Of their building homes
81 ESTATE. -.
All purchases Of real made by the Mutual Loan and Trust Con
pany will be below It's market value. ~
More speculative investments in real estate will be made unle
q based upon actual present values.
ii PURCHASES.
The Mutual Loan aud Trust Company win purchase lots in Middleton
for persons holding four Cd shares Of paid up this copar
whose do enable them raise in bulk the entire require
Iforsuch purchase.
ouch advance guaranteed by first mortgage ate per cent
be payable in such small monthly inalmen the business