The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-02-18

| TREASURER,
SECRETARY AND BUSINESS MANG'R
= ooffiNa BOARD OF D1REcf N5asls'o"n' Virginia.
WF WHEATLEY Sec Of Corn and Flour Exc'ge, BaO
| L. SIDNOR, Danvile, Virginia
cA.cUTTiNG, Md dSaessfl' Virginia virginia
NJ MILLER Mlddletown, Virginia
PROSPECTUS Or THE MUTUAL LOAN AND TRUST COMPANY.
CAUSES THAT HAVE ORIGINATED TIE ENTERPRISE
The scheme largely depends upon that Justify
its orgnaon there for P This the question that
cry careful will necessarily ask L therefore not be
to state here the that have led to the foundation Of the
present organization
The Mdown Land Company from the first
pursued conservative policy Their Plan has been aBoom
70 be followed by subsequent Take enterprises
been their motto and the lots will take Of themselves
snee OF this policy there has already been located in Mdown the fol-
The Building Company capital s25oOO now employing $50
Ia large dividend upon the capital stock.
Fruit and Vegetable Canning Establishment with capacity OF
day. anG employ large number Of hands during the canning
Mddetown Carriage Company, capital $4,000 This is the ag
est carriage factory the South It's machinery being placed
w G IN Sps Ta S January nS s g employing @ hand.
gin not later than June 1891 and employ 100 hands
knitting Works capital $4,000 70 not later than April
Shoe Factory J. 1884,
fine Hotel has already been begun WILL soon possible
The Valley Investment Company has been organized capital Of
S5OOOO and now erecting houses the companys lots
Several other enterprises being negotiated with and the Company
are almost certain 70 secure lanne employing about 300 hands,
But between the drawing of stockholders Of the Mdetown
Land Company and the date when all these enterprises will be in active
operation delay has necessarily occurred Impotence resulted
The policy Of the Land Company has been appreciated BY all and lots
below figures they undoubtedly must realize six months hence
This fact the promoters Of the Mutual Loan Trust Company
By be employed IN Mdletown Who with
n 1.s D %S So q. the 5 q s @ s
an actual demand for over 100 houses; - - !.
NOT b PARALLEL
stances has never faled e do 50 Ono ,roS
Taking advantage Of the situation detailed above the promoters Of h
Mutual Loan and Trust Company have secured ba Of operation
parable in it, actuy and sOy with the best scheme presented
They obtained from number d investors the Mid
lots 200 number donated Company By parties
holdings are and who d q 70 IA @
men va VALUE 1fi.' Of The PROPERTY
All Of these lots well located and Of them consulate
! the finest residence sites on the Compshys land
limit Of eracitud may rate be estimated
$500 Of them ng even advantageous located than tn
= - no PRoMoTERs' FUND
the promoters Mutual and Trust Company
the Stockholders Of that Company without the charge Of sng
I dollar .uoo,, $50,
& so gs ns.s issued S1 (which = Per @ '
q u on the 10th Of each succeeding month.
i AsoUND BASIS.
No Stock has been offered 10 the public with prospect
% producing returns This only the pon
II ew the 1.-The entire surroundings
" the situation warrant the assumption.
Subscribers 10 the capital stock Of this invited 10 sui
scribe 10 the creation OF the hazardous undertaking
converting fields into property That Of the work has
accomplished and successfully and visitor 70 Mddeown may
IS for HIMSELF
There enough enterprises to-day treble the value
every holding and the gigantic building now IN course Of construct"
be
The capital derived from the placement Of stock will be employed
dealing real estate and in advancing money upon estate
assisting pons subject 70 proper guase improve their holding
whose unaded do not permit Of their building homes
a. ESTATE.
All purchases Of real made BY Mutual Loan and Trust Con
&c pany will be below ib market value.
More speculative estate will not be made une
Is based upon actual present values.
adj PURCHASES
The Mutual Loan aud Trust Company purchase lots In Middleton
for persons holding four shares Of paid up stock ia this compar
whose do not enable them 10 raise In bulk the entire q
e lforsueh purchase.
Such advance must be guaranteed by first mortgage per cent
payable in such small monthly instamen the business ma