The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-03-25


j. w RICE, Winchester, Virginia !
C.A.CUTTING, Mddetown, Virginia
. j. NJ. MILLER, Mlddletown Virginia
PROSPECTUS or THE MUTUAL LOAN AND TRUST COMPANY.
CAUSES THAT HAVE ORIGINATED THE ENTERPRISE
il ognaton i there room or P This is The first question that !.
careful investor will necessarily ask l. therefore not nop
present organization
The Mown Land and Improvement Company have from the m
pursued conservative policy Their Plan has not been to @Boom but
70 y y subsequent n Take sss q the se S
been their and the lots will take OF themselves In puru-
Of this policy there has already been located in Mddetown the fol-
The Virginia Building Company capital $4,000 now employing 5o
a large dividend upon the capital stock
Fruit Vegetable Canning Establishment with capacity rs
The Mdeown Carriage Company, capital $4,000 This the larg
carriage factory the South Its machinery being placed
il will be in operation January 1891 employing $50 hands
gin not than June !, 1891, and employ 100
knitting Works. capital $4,000 to commence not later than April
Shoe Factory March 1884, and
fine Hotel has already been begun and WILL rs soon as possible be
The Valley Company has been organized with capital
Several other enterprises are being negotiated WITH and the Company
Tannery employing about 300
But the drawing By the stockholders Of The Middleton
Land Company and the date when all these enterprises will Be active
operation delay has necessarily occurred Impaence has resulted
The policy Of the Land Company has not been appreciated all and o
hss 0s in sau thew uhdou5y must realize n IL months hence
This fact the promoters the Mutual Loan and Trust Company have
BY June next 700 hands will be employed Madetown Who with
families augment the population BY at least 1000 persons
Already rents risen 30 cent and the present moment there
Can REAL ESTATE THEN FAIL TO RISE IN yALUE' Nos IT
stances " D"' A'''' BASIS OF ORGANIZATION.
Mutual Loan and Company operation
parable actually and o with the best scheme presented
They have obtained number Of intelligent the Md
200 4 nunb have BEEN donated 70 he COMPANY " parties whose
holdings are Considerable and who desire to forward movement that
largely cntbut to the benefit q all cOnsn and thereby nau
-"' ''''''' 49, VALUE OF THE PROPERTY.
All Of lots well located and Of them constitute
the finest residence sites on the Coppanys land.
They valued $3.50 each but order keep within the
500 some Of being sdvangeousy cad the
twenty lots purchased recently George Meekens Esq, lOa
40 PROMOTERS FUND.
the of the Mutual Loan and Trust Company
to the Stockholders Of that Company without the charge ngs
dollar -. $500,
This Company 900 upon which IS share shall
be paid INTO the the at Of subscription
81 on the 10th Of each succeeding month:
no stock offered the public with pop,
predicting returns This not only the case from 6naaca point
u view a The above entire surroundings
the situation warrant The assumption
scribe 70 the u the hazardous undertaking
converting feds into city property That part q Che work has en
accomplished and successfully and visitor 10 Mddletown mar
for himself. -
There are enough enterprises located here to-day treble The
every holding the gigantic buildings Of construction
testify 10 energy with which the work Of progress being pushed
PROPOSED
The capital derived from the placement u stock will be empoydn
dealing and in advancing money upon real estate and in
assisting persons subject proper guarantee improve their holdings
whose means unaded do not permit Of their building homes
REAL ESTATE
All purchases Of real che Mutual Loan and Trust
pany will be below it, market value.
More speculative investments estate will not be made unles
based upon actual present values
LOT PURCHASES.
The Mutual Loan aud Company will purchase lots in Mdeown
for persons holding four O shares Of paid up stock in this company
whose enable them bulk the entire required
forsuch purchase
Such by f mortgage ate per cent and
made payable such small monthly lulmenb The business