The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-03-11

PROSPECTUS or THE MUTUAL LOAN AND TRUsp COMPANY
CAUSES THAT HAVE ORIGIN TED THE ENTERPRISE
ia onaton L there room for This is the first question that ey
careful investor will necessarily ask II therefore not be nop
fortune state here the that have led to the foundation Of the
/ resent organization
policy Their Plan MS not been "oom, but
subsequent reaction Take Of enterprises has
en M mco and the lots will take Of themselves In pursue
u this policy already located Mddletown the fol-
The Vpa Building Company capital $4,000 now employing 80
hands and profitable operations has declared
! large dividend upon the capital stock
4 Frut Vegetable Canning Establishment with capacity rs
day and employ Large number Of hands during the canning
csrage factory tile South lts machinery being placed and
will be u operation January 1871 employing l5o hands
Gin than june J. 1901, and employ 100 hands.
KNITTING Works ept $4,000 q commence not later than April
Shoe Faty business later than March 1901 and
The Valley Investment Company organized with capital d
Several other enterprises icing negotiated WITH Company
Tannesy, employing about 300 hands
and a Pottery employing half thai number.
But drawing Of the Middleton
Land Company ali these enterprises win be active
operation delay necessarily occurred mpaenee has resulted
The policy IT the Land Company has not been appreciated BY and lots
selling below their intrinsic value and certainly
below the figures they undoubtedly
This fact the promoters Mutual Loan Trust Company
y June nex 100 hand, employed MddetoWn Who with
their families must augment the population BY at east 1000 persons
an actual demand for oyer 100 houses.
CAN Nor Why Because under parallel ercum-
''''e' = - ~ BASIS or ORGANIZATION
Taxing advantage Of situation detailed above the promoters OF the
Mutual and Trust Company have secured basis of operation
parable its actually and soy with the best scheme ever presented TO
They have obtained from number Of in the Mid
in number have been donated TO The Company By parties whose
holdings considerable and who desire forward that
largely conbu to The benefit Of Al concerned aud thereby natur
MY p''''''' VALUE OF THE PROPERTY.
All lots well located and d them consulate Of
The finest residence sites on The ComPanyf land
strict limit Of exacude may any be estimated average Of
$500 Of them being even more adyantage9usy located than the
faal street, O'''"O 10 PROMOTERS FUND
These lots the promoters d The Mutual Loan aud Trust Company
Stockholders Of that Company without the charge Of asnge
dollar ,,o.,, ,s,,,,,s
.- STOCK ISSUES
This Company have issued 250 shares upon which $ per share shall
paid u the Company Fl At time Of subscription and
Il . tFtf As0UND BASIS
10 Stock has public with prospect
producing certain This only the from financial point
vew the statement above the entire surroundings q
sacb 10 the capital stock O this company are not invited to sub
the creation q town y The hazardous undertaking Of
and successfully aud any visitor % Mown may
There ar enough enterprises located here to-day 10 treble The value d
every holding AID The gigantic buildings d construction
testify 10 the energy With WHICH The work 81 progress being pushed
: PROPOSED ORGANIZATION
The capital derived from tho placement stock will Be employed
dealing estate, and advancing money upon real estate
n bsstpg pergns subject proper guarantee, improve their holdings
\ sose means nnsisd DO permit Of Their building homes
H. H ESTATE.
All purchases q real estate made By The Mutual Loan and Trust Com
8 ,pany Mil be below is uaset value
eli More esplasr real estate will not be made une
rEbased UPON actual IItxeut salues
I'll III t#N 81 PURCHASES.
TIE Loan and Trt Company viii purchase Middleton
persoDs holding four shares Of pad up stock in this compan
Mho enable them 70 raise d bulk the entire require
: Tor such purchase 6.
Such be guaranteed BY @ mortgage uG ger cent
ne payable such small monthly nstmenl the business