The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-05-13


CA CUTTING, Middletown, Virginia
j. M. MILLER, Middletown, Virginia
The Tv TEgs
The Of scheme largely depends upon the justify
its ognation i there room for i'll This the first question that
careful investor will necessarily ask Ii therefore
Fortune y state here the that have led the foundation Of
present organization
The hdown Land and Company have from the first
pursued aye policy Their Plan has not been BOOM but
steadily and improve There been values
TO be olowd BY subsequent reaction Take enterprises LAS
been tn n motto and the lots will take of themselves In pursu-
of this policy there has already been located in Middletown
The Vmgn Building Company capital $4,000 now employing $50
hands which 10 active and profitable operation and has
large dividend npon the capital stock.
Front Vegetable Canning Establishment with capacity II IS
day and now employ large number Of hands during the canning
The Mdiown Carriage compan, capital $4,000 This the Iarg
est carriage factory the South Its machinery being placed
Wrought Iron PIPE and Boiler Tube Rolh ea aSG n' $4,000 to
GIN not later than June ], 1891 AID employ 100 hands
knitting Works capital S50O0 April
], 1891, With 100 hands
Sho Factory bushes. 1884, aud
fae Hotel has already been begun will soon IS possible
ready for occupancy.
TIE valley Company has been oaned with capital
$4,000 and now erecting hoses the company lots
Several other enterprises being negotiated WITH and the Company
almost certain TO large Tnnery employing 500
and otter, employing half that number.
Land company and the date when all enterprises will be in active
oon delay has necessarily occurred Impaence has resulted
The policy Of the Land Company has been appreciated
have been selling u below their yue certainly
below the figures they undoubtedly realize il TX hence
THIS faet The cf the Mutual Loan Company
By June 700 hands will employed ID Mddctosn Who with
their families the population 1000 persons
Already rents 80 aud presen moment there
CAN REAL ESTATE THEN FAIL TO RISE IN vALUEq NO: 1T
UNDOUBTEDLY CAN NOT WhYG Because under parallel
BASIS OF ORGANIZATION.
Taking advantage q the situation detailed above the promoters the
vhayeea
parable = II actnay and soiy with the best scheme presented
They have number II investors the Md
detown Land scmpy one o q fair
holdings considerable who desire 10 forward that
must largely conbut 70 the benefit Of all concerned thereby natu
VALUE OF THE PROPERTY
All Of these lots are well located and Of them Of
They have been valued each in order 10 keep within the
500 q them being aantageos located the
twenty os purchased rseny ~ George Meeken E 81 W St.
NO PROMOTERS FUND
These he Proo Of sbe Mutual Loan and Trust Company
dollar sf'' "'''0'' ''' '"''s' y 4'''tF
STOCK ISSUES.
he paid INTO the treasury Of the Company time Of SUBSCRIPTION and
q on the 10th q each succeeding ding. month
No Stock has been the public with sr,r pro o
predicting certain returns Th 4 lot only he case from nae pO
vew statement above entire sarronndprs n
the situation warrant the assumption.
saerer capital stock If this company ae ot invited Il .u
scribe % the creation Of hazardous undertaking Of
converting fields into city property That part Of the work has been
accomplished aud successfully aud visitor ddetown may see
for himself
There enough enterprises located here to-day treble the value Of
every holding and the gigantic buildings construction
testify to the energy with which the work Of progress being pushed
PROPOSED ASIzAToS.
The capital derived from Tue placement II stock viii Be employed in
dealing y real estate and u advancing upon real and
assisting ersa subject W proper improve their hodng
shoe unaded a. not permit d Their building homes
REAL ESTATE
Ali purchases ~ estate made Mutual Loan and Trust Com.
lpany will be below its market value.
More speculative investments in real estate will be made unes
based upon actnal present values
Il PURCHASES.
The Mutual Loan aud Trust Company will purchase 10 Mideowr
for persons hoding -four az shares Of paid up stock this compan,
whose means DO not enable them 10 bulk the entire requires
( forsuch purchase
such advance must " guaranteed b first mortgage aG Ter
me-palas small monthly nsamen 4 the business man