Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-01-16
,Egssirf rat FIRST rssssr. PROFIT HrsaSlaos.
the MERCHANTS nArI0aAl aalk,
of ENnT WORTH rExAu

lEsssirf rat FIRST rsssssr. PROFIT HraSlaos
TAe MERCHANTS xArI0aal ssux,
Of FOnT WORTH, TEXAS,
as Rssistrars ard iran-fsr sgents ogsr at ptr
p'Y.bis 10 Ter seat On app icsIlan. IS pr cent IL
% and balance in 70 days, thS entire issua Of 400
10 pr cent preferred cumulative dividend stocl
Of fhs
Fort worth SscHrlty & Construction Co.,
OF goEr woerH. TENAs,
Bho-s capital Of s3ca 0oo il diyi.d Into s&-0 0oG
far cent preferred cumulative dig3ifud stock sgDf
40 9 per cent common stock, The entire issue
eDmnen stock having been taken By citizens el
Fort Worth, sG par.
HOW Dividends WILL BE PAID.
As tht. corporation In addition to its other val
gsbis. mostly iDside. real estate ia tbs c,ty
~ Fort Worth. fexss the two anes, calnn-reia
bWidings s0nth Of at Lauis IN the Cnitsd stat. !.
known as tn. Hurley Once building sud the Mar
tin Brown WhoIe-ale Dry GOODS building, toI
which the charge for renta!s Is s]0,zpr annually
., hss BEEN agreed by the directors IN set aslde
40 troin these rentals which can be applied
pnly 10 the per cent dividend On She emo COO
ADD further. tha' rnch preferred stock shall hral
paid tH iull out oi the assets Of said corps,fa
non upon the lissonti0g thereof. before the com
mon stack slidll be entitled 10 share IN such Assets
And IL - further agreed that after the prtfsrro
stock ha. been paid he per cent. Dividend that
from act earnings the common stock is 70 rsesiye
per cent and from the balance Of pr siits diyi
dFnd be- pad On eseh the preferred and contnou
u pr cent. thus making the preferred 10 per
cent and The common . per cent. stock. All
~arniBgs above -aiicient TO pay the above dist.
ie nGs which viii amount TO tt7 40 per anaHfn Il
70 De- carried 10 surplus account for a period OF
rye yeaf' and a he expiration Of thai iiWe the
directors may divide II among The toc ckhnid.rs OF
rFoori az they may deem proper.
II il expected that from the increased capital OF
ss001o NOW offered. she corporation can earn
from sls09I0 10 t200,O1 trr annum, AZ il viii
pihrs the company In position to hsndle all bn- Z
uos@ Uttered 10 minimum If from = 90 go 10
~ 10. 100 worth Of eonstrnction annually.
OHJECTs OF THE COmPANy.
The Fort Worth security dRd Construction
Company, Of Fort Worth, ieNas, is de- ineorps,-
rated under the laws Of the state Of lexAs for the
purposs u he erection of buildings and ,hr secu
muia'ion and loan of funds for the purchase OF
real properly In cities. towns and Villages and aisp
Tor the accumulation and loan Of money.
HISTORY OF THE couPANY
The Fort worth Security and Construction
Company. Of Fort Worth, Texas ia an eutRroytt
OF and succeeded the Fort worth Loan and Con
.truction Company, December }lst. i-g0. which
sis he moot SIrcessfai corporation of is kind 10
,hr aouthwest having, on capital u 100000,
earned it26,0oo net inside Of two years. II organ
Is'd with 100000 capital IN February. in I.s9 in
ef"atIng same from earnngs alone to 900 900 In
Aprti $50 aud In December, i-p0. shows ad1i
fioRal surplus "D conservative valuations OF si25
01 Il /. TO push this business TO great pr p1r
t"Gs that this sbo 60 preferred stock is now Her
~.
Ihr phe nOmin.l net earnings Of this r)rporation
shows why conservative Investors Demanding AS,
-uTe dividends are turning from
Hallway TO Industrial Securities.
ifs tpitai Invested mostly In inside improved
property, which u constantly Increasing in value.
form permanent security for fidelity and
'0r eontrong the sale the hesr secCfites In the
.fsis. A iis officers among i;s largest stock
holders its affairs viii receive their undivided at
'rnion. II l. not often that investfuen nt bear
ing Auch high rate Of dividend, coup ed with
ab-omte safety h offered TO the public
IT'S GENERAL SUsIsEgs.
In addition TO its construction depart ut II tran
-i'is general financial bustn iss. it deals 10 fexss
ufilies for investors trust fund and Institution
'1rutahFs Information and makes expert reports
the property OF individuals. railway or other
corporations, and pays taxes for non residents.
t,smtDaet0n and Guarantee OF Tttiss,
iue4 20 Texas real estate and mortgages thor
nughY examined and Insured. the charge OF which
VI, DO made known before work Ia hegnn.
the option Is reserved to subscribers to pay in
ll on sppcation, or on tie date Of any install
mtu'.
Interest At the rate OF per crnt. per nnngm
'ili be allow ed on such prepaymruts.
FOR further particulars address the MER
hANrS NATIONAL BANK or THE FORT
Hnkfn SECT RfIl Il COSSrRI CIION 60,
Fort Worth, Texas janiaiy.