Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-07-06
FINANCIAL.

f.. ! Il 4 II II $ss sas T. In
s. s: 6: s. s s II y /. /. II Il / =
T T II s. !! : II II
III III !. 4 { E.. { E.
CAN BE BUILT IN
WASHINGTON
AND AN ANNUAL PER CENT DIVIDEND
ASSURED TO SUBSCRIBERS.
DIRECTORS:
ALBERT oRDwAY.
JOHN E. BEALL.
E. FRANCIS RIGGS.
A. T. BRITToN.
GEO. TRUEsDELL.
JAMES +. OYSTER.
THEo BARNES.
OFFICE OF
NORTHERN LIBERTY MARKET ASSOCIATION.
WASHINGTON. d. C.. June %. 1891.
The erection of a large public hall in Wash
inzton hss FOR many years been urged by indi-
yiduAl citizens. and advocated by the news
papers. As indispensable to the growth and
prosperity of the city. 1t has been found. how
ever. that the ground could not be secured ina
suitable location and q proper building erected
for less II an $500. OOo and that it would be i'm
possible 20 offer the inducement Of any div
idend such amount Of money. In
dinAry commercial cities energetic business
men and public spirited wealthy citizens might
readily subscribe such a sum for such a pur-
pose. knowing that the indirect profits from
the investment would amply repay them In
Washington. however. the conditions of trade
and socisty different from those of other
cities and dc not seem to have justified the SUBJ
scriPtiOn of such large amount Of money for
of ever obtaining the public hall. recognized as
apublie necessity. except in the manner now
proposed BY Us.
The yerthern Liberty Market Association
ogosfOr sale at par ESQ. .OO0ot 2 per cent pre-
Jerrsd stock. the proceeds 10 be applied to con-
stTuetins an enormous hail orsr their present
market.
The property of the Northern Liberty Mar
ket Association consists of 5s $40 feet Of ground
fronting on 4. 5th and L streets, worth alta
moderate estimate s2 a foot. and improved
by the finest market building in this country,
which cost slJ2. OOo to erect. This property
has recently passed into the hands of . new cor
poratiOn in which il is represented by only
5000 of capital stock. which. as will be
seen from shove statement, is less than the
actual value of the property. The remaining
$4,000 Of the total capital stock of the COM
pany ii has been decided to issue the pre-
ferred Per cent stock now offered for sale
The present net revenues Of the market
amount to over "a. OoOa year. which in itself
assures per cent annual dividend On the ESQ.,
OoO of preferred stock issued.
IL would make difference to the holders Of
the preferred stock il the hall never yielded one
penny of revenue. or If the present revenues Of
the market never increased As matter of
fact. however. the revenues Of the market GER
tanly never be less than they have been
from which they have suffered and already
rapidly increasing under the present manage
nent and IMPROVEMENTS. and a matter Of
fact il may reasonably be accepted that the hall
itself will yield a large revenue. The percent
dividend on this preferred stock may there
fore be said to be absolutely assured and a.
nearly as possible. guaranteed
The Market ComTany possesses the ground.
tie roof and the building. and nothing is needed
10 make one o: the largest anc finest halls in
the country but the floor and nre-proof stair
Ways The market building has exceptionally
thick and heavily buttressed walls, and the roof
Is snotsi as being one Of the finest specimens Of
iron truss arches In the country. By putting
in . nOor at the base Of these roof trusses .
hall will be made 324 feet long. I25 feet wide
and 30 feet high in the center. A hall with .
noOr Of over 40. 900 square fees-neariy.
square aere-with . seating capacity for be-
tween 600 aud Z. 900 people . standing ca
paci:y for over 10000. A hall nearly as
lArxe as the court yard Of the pension Office
tuiidIas and large eaOuzh for national political
eonventtons. inaugural balls or any other pur-
pOs-. Ir1yision viii be made for divid ing the
hal into smaller halls by rolling iron p4rti-
tons The location Is unsurpassed fer the
purpose Fronting street. which is the
man east and west avenue OF the city; only
two squares from 9TH street. which is the main
north and south avenue Of the city. and two
squares from the intersection Of New York and
Massachusetts, avenues. the two great diagonal
avenues Of the city IT is in the very heart Of
the city and almost at the center of the Who'll.
ssres, railway systsEn-
Subscriptions this stock may be paid in
cash, in which case dividend will accrue and be
paid from the date Of payment. or 20 per cent
may b paid subscription. and the balance
a. N.-s-