Morning journal and courier., 1891-01-14

Security the First Thought, Prof.
 it Afterwards.
 THE MERCHANTS NATIONAL BANK
 OF FORT WORTH. TEXAS, s6 and transfer osr at in 60 and balance in 90 days, the entire issue of $sOo 900 per cent preferred cumulative divi' Fort Worth Security & Construction Co.
 OF FORT WoRTH, TEXAS. ,,o oo, Whose capital of $500 900 is divided into S200 GOO per cent. preferred cumulative dividend stock, $500, 900 per cent. common stock, The entire issue common % n% stoek o haTpg been taken by ClTi
 How Dividends Will Re Paid.
 AS this corporation, in addition to it's other valuable, M mostly inside, real estate owns in the mercial buildings south of St. Louis in the Uni ted States, known as the Hurley Office building ud budne for Which the charge for reptas is rectors to set aside $14,oOO from these rentals, dend such preferred stock shall first be paid in full out ot eore Re entitled to share in such assets. And it is fur ther agreed that after the preferred stock has earnings the common stock is to receive per cent, and from the balance of profits a dividend be paid on each the preferred and common of 8 per cent, thus making the preferred a 10 per cent. and the common a per cent. stock. All earnings above sufficient to pay the above divi- dends, which will amount to 47,0O0 per annum. is to be carried to surplus account for a period of five years, and at the expiration of that time the directors may divide it among the stockhold- CTS of record as they may deem proper.
 It is expected that from the increased capital of $a00. 900 now offered, the corporation can earn from .$15o,ooo to $aoo,oOo per annum, as it will business offered to a minimum of from s1, 900 900 to $1, 800 900 worth of construction annually.
 r.. .0. 0Rjsets, j., of l,ye,.C the Co%mPany: % company of Fort Worth, Texas, is duly incor- porated under the laws of the state of Texas for the purpose of the erection of buildings and the accumulation and loan of funds for the purchase of real property in cities, towns and villages, and also for the accumulation and loan of money.
 History of the Company.
 The Forth Worth Security and Construction company of Fort Worth, Texas, is an outgrowth Construction company, December 31th, 1890, which was the most successful corporation tai S of $ioooso, earned sss5 I net inside of two years. It organlzed with $1Oo,OOo capital in February, in d lsss a increasing same Hs, from in December, 1890, shows additional sur plus on conservative valuations of S125, ,000 It f0
 The phenomenal net earnings of this corpora tion shows why conservative investors demanding assured dividends are turning from
 Railway to IndustriaI Securities.
 Its capital invested mostly in inside improved wnlsh s in nd yaSe fs controlling the ssle of the best securities in the state. As its officers are among its largest stock holders it's affairs will receive their undivided at tention: It is not often that an investment pear ing such high rate of dividend, coupled with ab- solute safety, is offered to the public
 Its General Bu sfness.
 In addition to it's construction department it transacts a general financial business. It deals in Texas securities for investors trust, fund and institutions; furnishes information and makes expert reports on the property of individuals, railway or other corporations, and pays taxes for non-residents.
 Examination and Guarantee of Titles Titles to Texas real estate and mortgages thoroughly examined and insured, the charge of which will be made known before work is be- gun.
 The option is reserved to subscribers to pay in ment.
 Interest at the rate of per cent. per annum will be allowed on such prepayments.
 For further particulars address the MFR CHANTS NATIONAL BANK or THE FORT WORTH SECURITY & CONSTRUCTION co, Fort Worth. Tex. ja10 7t ja24 2t