Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1891-01-19
EfnanCtal.

Security the First Thought, Prof |
it Afterwards.
The MERCHANTS NATIONAL BANK |
AS Registrars and transfer agents offer at par, |
payable so per cent. on application IS per cent.
IN H 50 and balance in 50 days the entire issue Of
dend stock of the
Fort Worth Security & Construction Go.
Whose capital of $4,000 is divided into $500 900
per cent preferred cumulative dividend stock,
issue common stock having been taken by CTTi-
ZENS OF FORT WORTH, ATT PAR
How Dividends Will he Paid.
As this corporation, in addition to its other
valuable, mostly inside, real estate, owns in the
city of Fort Worth, Texas, the two finest com
ted States, known as the Hurley Office building
and the Martin-Brown Wholesale Dry Goods
building, for which the charge for rentals is
$50 29S annually. 1t has been agreed by the d.
rectors to set aside $4,000 from these rentals,
which can be applied only to the per cent. div
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
been paid its per cent. dividend that from net
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 10 per
cent and the common per cent stock An
earnings above sufficient to pay the above dvi-
dends, which will amount to $4,000 per annum.
i've years and at the expiration Of that time
the directors may divide it among the stockhold-
d is expected that from the Increased capital
of $500 900 now offered, the corporation can earn
place the Company IN position to handle all
business offered to minimum OF from 3 ;Ooo,ooO
to 81, SOC, 600 worth of construction annually.
objects of the Company.
The Forth Worth Security and Construction
| 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,
/ aRd also for the accumulation and loan of
| money.
| The Forth Worth Security and Construction
| company of Fort Worth, Texas, is an outgrowth
of and succeeded the Fort Worth Loan and
which was the most successful corporation
| of its kind in the Southwest, having on q CAPT
tai of S100060, earned S225 900 net inside Of
in February, in 1882 increasing same from
earnings alone to 100000 in April, 1890, ant
in December, 1890 shows ad ID nieI al sur
is to push this business to greater proportion
that this $780, 600 preferred stock is pow offered
| The phenomenal net earnings OF this corpora
| ton shows why conservative investors demanding
assured dividends are turning from
| Railway to Industrial Securities.
Its capital invested mostly in inside improved
| property, which is constantly increasing in value
/ forms permanent security HucIly anu 10
controlling the sale of the best securities in thu
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
| transacts general financial business. 1t deal
| in Texas securities for investors trust fund ant
| institutions; furnishes information and make
| expert reports on the property OF individuals
| railway or other corporations, and pays taxesf TO
| non-residents
| Examination and Guarantee of Title
| Titles to Texas real estate and mortgage
1 thoroughly examined and insured, the charg
1 of which will be made known before work is be
! gun.
full on application on the date of any insta
| ment.
Interest at the rate of per cent. per annur
will be allowed on such prepayments.
| For further particulars address the MEf
| CHANTS NATIONAL BANK or THE FOR
WORTH SECURITY & CONSTRUCTION co
| Fort Worth. Tex. ja10 1t ja24 2t