The Durham recorder. [volume] (Durham, N.C.) 1879-19??, 1891-04-01

NEH koAT aSR
The Of any largely depends upon the reasons that Justify
its ognaton i there room for it? This the question that ev
state here the that have led to the Of the
present organization
The Mdeown Land and Improvement Company from the first
pursued conservative policy Their Plan has been to BOOM but
to steadily and improve There been values
to be followed BY subsequent reaction Take Of the enterprises
Of this policy there has already been located in Mddeown
lowing enterprises:
hands which active and profitable operaon and has already declared
T. large dividend upon the capital stock
day. and now employ large number Of hands during the
The Mdown Carriage Company, capital $4,000 This is the laru
est carriage factory the South It's machinery being placed
Wrought Iron Pipe and Boiler Tube Works. capital sSoo,o 10 be-
gin not later than June ]. 1871 and employ 100 hands
H. 1891, with 100hands
Shoe Factory bushes. than March l. 1884, and
fine Hotel has already been begun and Will possible
ready for occupancy
The Valley investment Company has been organized with capital
$4,000 and erecting hoases the eompanys lots
Several other enterprises being negotiated with, the Company
certain Tannery employing about 900 hands
and lottery, employing half that number.
But between the drawing of lots By the stockholders Mddetos
Land Company and the date when all these enterprises will
operation delay has necessarily occurred mpaenee has resulted
selling many below their intrinsic value aud certainly
below the figures they undoubtedly realize months hence
By June next 700 hands viii be employed m Mddlctown Who with
Already rents so cent and Ut the present there
CAN REAL ESTATE, THEN FAIL ToRIsE IN VALUE? NO. IT
UNDOUBTEDLY CAN NOT Whyg Because under parallel ercum
"4''. BASIS or ORGANIZATION.
Taking advantage the situation detailed above the promoters Of the
parable it actually and sOId with the best scheme presented
the public.
They have obtained from number in the Mid
deown Land Company lot Of value
200 in number been donated the Company BY parties whose
largely eonbu the benefit Of all thereby naur
ally promote their individual interests
VALUE or THE PROPERTY
All othee lots are well located and many Of them constitute o
the finest residence sites on the Companys land.
ct limit ofexaciude may tany rate be estimated Of
twenty o purchased recently ~ George Meeke, Eq st
Paul street, Baltimore a $3.50 each
Teo The pogoors Of e Mutual Loan and Trust Company
TIE Stockholders Of that Company without the charge q single
80. STOCK ISSUES
I p G 1g ss h a q s = Per h.,s @
81 On The 10th d each succeeding month
No stock ha been offered e the public with prospect
producing certain returns This only the from point
yew entire surroundings Of
Subscribers 70 he capital stock il this company are not invited 70 sub
converting fields city property. That the work has en
accomplished and successfully and any visitor ddetown mar
There enough enterprises located today treble the value Of
holding buildings
testify energy with Which the work o. progress being pushed
The capital dcs from Tie placement o. stock will be employed IN
dealing IN real and in advancing money upon estate il
assisting persans proper guarantee improve their holdings
Nhose nnaied DO not permit 81 their building homes
ESTATE
All pureh- Mutual Loan and Trust Com
paDy viii b. bploy IL market value.
More speculative Investments real estate will be made unles
based bpon actual prescDt values
PURCHASES.
The Mutual oan and Trust Company wpBrchase lots Mddeown
persons holding four W shares N p Up stock in this company
DO enable them raise bulk the entire required
forsuch purchase.
Such ~ guaranteed BY Gn mortgage ate per cent and
payable sml monthly nlments the man