The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-03-18

BOARD OF DIRECTORS. :" s1'' s =
WkWtlEakf' See Of aora ad Flour E.e
G aaIErEs a Tsss,s.s y;,sIsi
CAUSES THAT HAVE ORIGIN ATED THE ENrERPRisE
its orsnon there room for This he inst question: hat Il
cafulinyestor will necessarily ask 1t therefore inop
state here the causes that have led to the foundation Of
present organization "a 49,
The Mtown Land and Improvement Company from the first
pursued policy Their Plan been to Boom bu
steadily and improve There has been imitation
be followed by subsequent reaction Take Of the enterprises
tn motto and the lots will take Of themselves In
this policy there has already been located in Addtown the
The Virginia Building Company capital se5O now employing $50
which IN active and and has already declared
Fruit and Vegetable Canning Establishment capacity d ~
day. and now employ large number of hands during the canning
The Maistown Cags COMPANY, capital $4,000 This the
It will BE in operation January 4 1891 employing $50 hands
gin not later than June 1891 and employ 100 hands, H.
knitting Works capital $4,000 to commence not later than April
Shoe Factory commence busnessnot later than March 1885,
fne Hotel has already been begun and will pOsls b.
Valley Company organized with eapt.t
Several enterprises negotiated WITH and the
almost certain secure large Tanpey employing about 300
But between the drawing Of BY the Of che Mdssosn
Land Company and the date when all these enterprises will active
operation delay has nscsssay occurred Impaence resulted
The policy of the Land Company has been appreciated BY
below the figures they undoubtedly must realize IN r months hence
This fact the promoters of the Mutaa Loan Trust Company have
By June 700 hands will be employed Madetown Who with
I I S %G.' , "sTs1 The p9pa d y a @ Zoo
an actual demand for over 100 houses. r. = . - ri
Can NOT Whis under s sD
stances 1t has never 70 DO 80 ~ "
Taking advantage Of the situation dad above
Mutual loan and Trust Company have secured
the public.
200 in number been donated to the Company parties whose
largely conbut q concerned and hersoy naur
ally promote their own individual intssrsts
these we'll located man, constitute some OF
The finest residence sites on the Compsnys ad.
They have been valued $50 each within
strict limit Of exactude rate be esmA average
p% ~, Of s% s %Ss ss,ss Then @
Paul street, Baltimore at SzoO each ~ -
These lots the prosotOrs Mutual trust Company turn
dollar S1" - -" . : -"
This Company issued rs coo shares which share shall
paid INTO the treasury Of the COmpnysl at time Of subscription
u on the 10th Of each succeeding month i
yos has ever been offered - x. p naSs with .o,, ,,o.O
predicting certain returns This not only the from point
the statement above entire surroundings
suseben 70 he capital stock II hi. company ar. no. 10
scribe TO the creation Of
converting fields into property That the sor has ca
accomplished and successfully and visitor Mddletswn see
for HIMSELF
There enough enterprises located here to-day treble The value Of
every holding and the gigantic buildings CONSTRUCTION
testify ~ the energy with which the work Of progress being pushed
The capital derived from the placsmsBs will be empoyed an
dealing in real estate and advancing n
assisting ersns subject 90 guxrante
whose upaded do not permit 81 their building homes.
All purchases nj real estate made by the Mutual Trust Co
pany will be below ts market value s.. -
More speculative investments real estate will BE- made unIe.
based upon actual present values ,.s' -. = -
- PUKcHAsEs. %+
The Mutual Loan aud Trust Company will purchase s Miiesown
for persons holding four W shares paid up chs COMPANY
whose do not enable them 20 bulk entire required
fOrsueh purchase ~ .s.S.. " 71a-T'E- II
Such advance must be ggaHt BY r mortgage e per cent
le payable in such small monthy nsamsn The man
/ 8a@A!tSM & II IL y