Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-01-26
Blob Class Investment Securities,
:9a EXCHANGE sT., ss
SECURITY raf FIRST TaovsRr. PROFIT Hrfasls,s.
THE MERCHANTS NATIONAL BAIk,
~ pnUr vvnnrru rpva~

THE MERCHANTS AAIloaAl BaIk,
Of FORT WORTH, TEXAS,
~ Registrars and frznsfer agents eger at par.
payable 30 per cent on app ieatisn, rs per cent IN,
20 and balance IN 70 days. the entire issue of b.oo
90 per cent preferred euraaiasive Dividend stock
OF the
Fort Worth Security Il Construction Co.,
or FORT woErH, Texas,
whose capital OF tOo 900 Ia divided Into 4sco 600
rer cent preferred cumulative dividend sfock 400
90 0 per cent common stock. The entire issae
common stock having been taken by citizens or
Fort Worth, At par.
HOW Dividends WILL BIZ PAID
A. this corp ora'ion, In addition TO ia other val
uabe mostly ms de, si est ..e own. Ia the az, '
Of Fort Worth, Texas, the two finest commercial
buildings sonth OF St. Louis In the United Statss
known ss the Hurley Once building and the Mar
tin brown Wholesale Dry Goods building, for
which the charge for rentals Ia e2o,2se annually.
II has been agreed by the directors TO set aside
tlt, 900 from these rentals. which can be applied
only 10 the per cent dividend the ss09 0Oc
and further that such preferred stock shall lrsf
b. paid In fuii out OF the assets Of saii corpora-
'ion upon the dissolution thereoi. before the com
stock shall be- entitled TO SHARE 10 such asscs
And It is further ayYsed that after the preferred
stock has been paid ITS 7 ger cent. dividend TINT
from net earnings the common stock IA 10 receive
paf cent and from the balance o. pfDtts diyi-
drnd be paid On zach the preferred and eommon
Of per cent. thus msking the preferred 10 per
cent. and the common per cent. stock. An
earnings above sufficient 10 pay the above diyi.
d-nds. which will amount 10 si7 GO per anuun IA
10 b. carried 70 surplus account for peTi0d pf
tive years. and at the expiration OF that time the
directors may divide 1t among the stockholders Of
record a. they may deem proper.
II is expected that from the Increased capital OF
81 800 now offered, the corporation can earn
from tiS0.oJ0 to 400 0e0 Ter aBngin. as II will
place the company In positiou TO handle all bust.
ness offered to minimum OF from o. 900 900 to
VI jOO,p 200 worth o! construction annually.
OBJECTS Of THE COMPANY.
The Fort worth Security and Construction
Company, of Fort Worth, fexas, Is duly ineorpo-
rated under the laws OF the state Of Texas for the
purpose OF the erection Of building and the accu
mutation and loan Of funds for the purchase OF
real property In cities towns and villages and also
HISTORY Of THf. C6MrANY
IN. Fort worth Security and Conjunction
Company. Of Fort Worth. Texas. is an outgrowth
Of aud succcs ded the Fort Worth loan and Con.
struetion Company December aist, iSg0, Hhich
the most ssful corporation Of Its kind IN
The Southwest. having. on capital Of 100000.
earned f223 900 net insIde OF two years. IL organ
nrd with 500 600 capital in February. In 1850 in
cfeaiine same from earnir-s alone to 10000 In
April, 1890, aud ia Decemocr. 1880, shows aidi-
fonAl surplus on conservative valuations OF Sl21,
90 II Is to push this business to greater prapor
ton. that this 800 Co preferred stock Is now odf
I'd.
Ia. phenominal net earnings oi this eorpora ton
shows whv conservative investors demanding
suresi dlyiaends are turning from
Hallway 10 Industrial Securities
Its capital invested mostly in inside improved
property. which Ia constantly increasing ia value,
iorm' permanent security for ia hdeiity. and
Tor controlling the sale ef the be at securities In the
.isir. A It's Officers are among Its largest stock
holders its affairs will -elye their undivided al
'eBion. II la not often het an Investment. bear.
ing such high rate dividend, coupled with
absolute safety is offered TO the public.
ITS GENERAL BUSINESS.
In addition TO its construction depa t,nc nj It tran
'aets general Bnapcis business IL deals in fcxas
securities for investors trust. fund and institutions
furnishes Information aud makes expert reports
on thc property OF individuals, ra way or other
corporations. and pays taxes for nun residents.
EssmtnstiOn and Guarantee OF TITLES
lilies to Texas real estate and mortgages thor
nughly examined and Insured. the charge OF which
" u be made known before work IA begun.
the option Is reserved to subscribers TO pay Ia
fuii on application, on tic date OF any install
meat.
Interest at the rate Of per cent, per annum
viii be allowed on such prepayrents.
FOR further particulars address the NEK-
CHANTS NATIONAL BANK or TUE FOR {
WORTH SECURITY & CONSTRUCTION co,
Fort Worth. Texas. ianl5i9t