The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-05-06
PROSPECTUS or THE MUTUAL LOAN AND TRUSE COMPANY
CAUSES THAT HAVE ORIGINATED THE ENTERPRISE

CAUSES THAT HAVE oRGINATED THE ENfERPRisE
The Ct any s cs%s r. X @ ion the that
careful investor will necessarily ask therefore not be mop
portane here the that have led The foundation OF h
lresent organization
pursued policy Their Plan his been Boom
steadily a1d There has been imitation Of values
III motto, The los viii take Of themselves Ia pursu
u this policy there has already been located in Midetown the fol-
The Yar Building Company capital $4,000 employing 5o
hands which operation aeaay declared
large draeld nron the capt. Il stock.
Fruit CANNING Eaishmen with capacity Is
day aud employ large namD Of hands during the canning
The slletown Caae Company, capital $4,000 This tie ar
carriage factory the South M machinery now being placed aud
Will r. N operation Jannlg i lsgl employing 10y hands
gin later than June i. 1851 and employ 100 nands
knitting Works capital $4,000 70 not later than April
Shoe later than March and
liotas already been begun, and WILL possible, be
TIE Valley Investment Company organized with capital
$4,000 aud erecting hoses the companys lots
sea ether enterprises being negotiated WITH and the Company
IRE a @ z sqTen , n aanP employing about S %
But between M drawing Of lots sy The Of the
delay has necessarlv occurred Impaiene has resulted
nave h selling il man eases below tir ntsnsc value aud sestainl,
below the figures they undoubtedly must realzeln sixmonit hence
This Fact the promoters a the Mutual Loan and Trust 6onY have
y June next 400 hand. will be employed IN MddetOsa ho WITH
Already rents 80 and at the present moment there
IAN REAL ESTATE THEN FAIL 10 RISE IN vALUEp NO; 1T
NDOuBTEDLY CAN NOT. Why? Because under PARALLEL ercum
s''''s' : = 80 BASIS OF soRGANIz ATloN
Taking advantage Of The situation detailed abse the promoter" q t
parable cuay and sodty with the best scheme ned h.
rhey hav obtained number in the Mid
eu Land lo' # ase1ge ysue from each lhp'
nes ire considerable and who desire to forward movement iha
largely te benefit Of all concerned and thereby
I1t-- rtnI,v.d nal,n
NV ''''''' - VALUE OF The PROPERTY
All q these lots are well heated and many them constitute some
They have been valued ut $3.50 eh but in order keep within t
euty purchased recently BY George Meekens Esq Of 4Ds St.
- No PROMOTLRs' FUND
TheeOt the r9snor be Mutual loan aud Trust Company turn
! dollar, $500. -.
This Company issued 25OO shares upon Which - share shall
III paid Of the COMPANY 81 Of subscription
n on the 10Th q each saecsea nf ., ~ s.,
so been oH tie public with prospect
f view, the statement above demonstrates 1.-The entire surroundings Of
warrant V ~ M " m =. =,
scribe % he creation o new town 70 che hazardous undertaking Of
accomplished and successfully aud any visitor MdietOwn may
n There enough enterprises Icc here to-day treble The value Of
every holding and the gigantic buildings d construction
testify 70 the energy with winch The work % progress being pushed
The capital derived from the placement Of stock will be employed
dealing ee estate
assisting persons, subject 10 proper guarantee improve their holdings,
whose means unaild do permit Their building
ESTATE
X VI real estate Mutual Loan and Trust
q Ipany viii 81 below ts market value.
ii speculative investments estate viii not he made unles
y based upon actual present values.
The loan aud Trust Company will purchase lots Mdvtown
u for persons holding four O shares Of paid stock this company
whose means d not enable them y raise ~ bulk ihenie required
J. for such purchase.
vi advance BY first mortgage at6 Der
made payable in such snail monthly nsamen the business