The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-02-11

SECRETARY AND BUSINESS MANG'R
"a curAsei BOARD or D1REcf E,asls''rn' Virginia
W. WHEATLEY, Sec Of Corn and Flour Erc'ge. BALTIC
J.W.RIcE, wnehsstsr, Virginia
CA CUTTING, Mddeown Virginia
I'M. MILLER Middetown Virginia
PROSPECTUS q THE MUTUAL LOAN AND TRUST COMPANY
CAUSES THAT HAVE ORIGINATED THE ENTERPRISE
The scheme largely depends upon that justify
its ognation there for p This the first question that
careful s,, s will IL ask may therefore not be n
present organization
The Mddetown Land and Improvement Company have from the
pursued policy Their Plan to aBoom
to be followed BY subsequent reaction Take care Of the enterprises has
been their motto and the lots will take of themselves In pursu
Of this policy there has already been located in Mown the fol
The Virginia Building Company, capital sa5OO employing l5o
q large dividend upon the capital stock.
Fruit and Vegetable Canning Establishment with capacity Of IS
day. and now employ large number Of hands during the canning
season.
The Mdds.Sun Carriage coHpa1, capital $4,000 hi. the
will Be- IN operation ra S January us 1891 Gle employing se hand.
gin not later than June l. 1891, and employ 100 hands
knitting Works. capital $4,000 to commence not later than April
Shoe Factory business later March J. 1884,
fine Hotel has already been begun and WILL possible
Valley Investment Company has been organized wisha capital
Several other enterprises being negotiated WITH and the Company
almost certain 70 large Tne employing about 300
But between the drawing Of lots the stockholders MdetoWn
Land Company aud the date when all these enterprises will be in active
operation, delay has necessarily Impaence
The policy OF the Land Company has been appreciated by all and lots
che s they UNDOUBTEDLY sas mosb snS
This fact the promoters Of the Mutual Loan and Trust Company have
By June 700 hands will employed MdIetown Who with
their families must augment the population by at least 1000 persons
Already rents have risen 80 cent and at the present moment there
CAY REAL ESTATE THEN FAIL TO RISE IN VALUED NO. 1T
stances 1t has failed 10 do
Taking advantage Of the situation detailed promoters Of the
Mutual Loan and Trust Company have operation COM
parable lis actually and sod with the best scheme presented
They number Of in the Mid
% iI s. oIspn s one lot value FROM each These
holdings are and who desire g forward that
must eoneu 70 the benefit Of al concerned and thereby nau
VALUE OF THE PROPERTY.
All Of these lots well located and many constitute some Of
the finest residence sites the Companys land
They have been valued $3.50 but in order keep within the
$780, Of them being more located than The
twenty lots purchased recently by George Meeken ESQ., Of 4O2 st
No PRoaoTERs FUND.
These lots the promoters Of the Mutual Loan and Trust Company
dollar y '''''''' " n'' "h''' charge . single
Company issued 5000 shares upon which s er share shall
be paid INTO the treasury Of the Of subscription and
u on the 10th Of each succeeding month.
No Stock has offered the public with surr
The statement above entire urounnr
the situation warrant the assumption.
Subscribers the capital stock of this company invited sub
scribe 70 the creation 81 hazardous undertaking Of
converting fields into city property That Of the work has been
accomplished and successfully and visitor Msown may
for himsef
There enough enterprises located here to-day treble The value Of
holdings and the gigantic buildings construction
testify 10 the energy with which the work progress being pushed
PROPOSED
The capital derived from the placement Of stock will be employed in
dealing IN real estate and In advancing money upon
assisting subject proper improve their holdings
whose unadcd do not permit Of their building homes
i ESTATE.
All purchases OF real estate made BY the Mutual Loan and Trust Com
pany will be below ih market value
More speculative investments real estate will be made une
based upon actual present values
PURCHASES.
The Mutual Loan aud Trust Company wpurchase lots Mddesown
for holding four ~ shares paid up stock In this company
whose do not enable them bulk snm required
forsuch purchase.
Such advance must be by first mortgage a0 per cent
will be payable in such small monthly nsalmen Che business man