Morning journal and courier., 1891-01-26
EinanciaI.
Security the First Thought, Prof
it Afterwards.
THE MERCHANTS NATIONAL BANK

The MERCHANTS NATIONAL BANK
OF FORT WORTH, TEXAS,
AS Registrars and transfer agents offer at par,
payable so per cent on application, IS per cent:
in go and balance in 90 days, the entire issue of
asna Fer Of s fse cumulative diVi
Fort Worth Security & Construction Co.
OF FORT WORTH, TEXAS.
Whose capital of $500 600 is divided into sscoo
per cent. preferred cumulative dividend stock,
Issue common stock having been taken by CITf-
ZENS OF FORT WORTH, AT PAR.
How Dividends VIII 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
mercial buildings south OF st. Louis in the Uni
ted States, known as the Hurley Office building
and the Martin-Brown Wholesale Dry Goods
building, for WHICH the charge for rentals is
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 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 ne.
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 a 10 per
earnings above sufficient to pay the above divi-
is to be carried to surplus account for a period
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 $500 900 now offered, the corporation can earn
from $4,000 to $4,000 per annum. as it will
place the company in position to handle all
business offered to minimum Of from 81 ,Ooo, 900
to 81, 500, 900 worth of construction annually.
objects of the Company.
company of Fort Worth, Texas, is duly incor-
porated under the laws of the state of Texas for
accumulation and loan of funds for the purchase
of real property in cities, towns and villages,
and also for the accumulation and loan Of
money.
History OF the Company.
The Forth Worth Security and Construction
company of Fort Worth, Texas, is outgrowth
Of and succeeded the Fort Worth Loan and
Construction company, December 3lth, 1890,
of its kind in the Southwest, having on a CAPT
tai of 100000, earned S2e5, 900 net inside of
two years. 1t organized with $4,000 capital
in February, in 1889, increasing same from
earnings alone to $4,000 in April, 1890, and
in December, 1890, shows additional sur
is to push this business to greater proportions
that this 100000 preferred stock is now offered
ton h1 t me- ti % o. eiis ~, S
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 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
soute safety, is offered to the public
Hts General Business.
In addition to its construction department il
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 taxes for
non-residents.
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 on the date of any install.
ment
Interest at the rate of per cent. per annum
will be allowed on such prepayments.
For further particulars address the MER-
CHANTS NATIONAL BANK or THE FORT
WORTH SECURITY & CONSTRUCTION CO.,
Fort Worth, Tex. jalO 1T ia4 2t