Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1891-01-24
Fftla1ICfaI.
Security the First Thought, Prof
it Afterwards.
the MERCHANTS CHAN Is NATIONAL L!!4 BANK

Security the First Thought, Prof
it Afterwards.
The MERCHANTS NATIONAL BANK
AS Registrars and transfer agents offer at par,
IN go and balance in 90 days, the entire issue Of
$500 1000 per cent. preferred cumulative divi.
Fort Worth Security & Construction Co.
OF FORT WORTH, TEXAS,
Whose capital of $4,000 is divided into 5000 ooO
per cent. preferred cumulative dividend stock
lens Of FORT two WORTH AT PAR. A'A " o'ii
How Dividends VIII he Paid.
As this corporation, in addition to its other
valuable mostly inside, real estate, owns in the
H If E SsSss south fs a ne se en-
d tss IS the W1y 4e BUILDING
building, for which the charge for rentals is
ESQ sss annually It hes a been agreed by the di-
idend on the $4,000 and further, that hat such
preferred stock shall first be paid in full out OF
the assets Of said corporation upon the dissolu-
entitled to share in such assets. And it Is fur
Their agreed that after the preferred stock has
eeem PAD h It's cent that from net
cent, and from the balance of profits a dividend
be paid on each the preferred and common of 3
cent. and the common 8 per cent stock All
earnings above sufficient to pay the above divi-
IS Be-
Of five years, and at the expiration Of that time
the directors may divide it among the stockhold-
It is expected that from the Increased capital
of $500 600 now offered, the corporation can earn
to posRson to haads It will
business offered to minimum Of from 81 ,OOO, 900
to 81, 500 900 worth of construction annually.
Objects of the Company.
The Forth Worth Security and Construction
company of Fort Worth, Texas, is duly incor-
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,
money.
History Of the Company.
The Forth Worth Security and Construction
of and succeeded the Fort Worth Loan and
Construction Ist company, December s1th, 1890
Of its kind in the Southwest, sSinr on cap
two years Il Organized With sie eS COO s capital
earnings alone to $4,000 in April, 1890, and
in December, 1890, shows additional sur
plus on conservative valuations of $3.50 1t
that this $500 900 preferred stock is now offered
-, The phenomenal net earnings Of this corpora
assured dividends are turning from
MaiiMay 70 a1dustIi "a securities.
forms permanent security for its fidelity and for
controlling the sale of the best securities in the
state. As its officers are among its largest stock
holders its affairs will receive their undivided at
tention. 1t Is not often that an investment bear
ing such high rate of dividend, coupled with alb
solute safety, is offered to the public.
ITS General Business.
In addition to its construction department it
transacts general financial business. 1t 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 taxesfor
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
full on application, or on the date of any install
ment.
Interest at the rate Of per cent. per annum
Will be allowed on such proponents.
For further particulars address the MER-
CHANTS' NATIONAL BANK or THE FORT
WORTH SECURITY g. CONSTRUCTION CO.,
Fort Worth. Tex. ja10 1t jas4 Ct