The weekly Floridian. [volume] (Tallahassee, Fla.) 1867-19??, 1892-04-16
ATTENTION. LAND OWNERS.

canning factory was held on Tuesday
at the Office of Hon. Fred T. Myers
and the following statement of the
condition of the enterprise is sub
mitted:
Enough shares of stock of the
Leon County Building and Loan AS
sociation were pledged Tin pay
ment of stock in the pro
posed canning company, to war
rant the immediate organization o.
the company, and it was determined
to proceed at once to prepare and file
articles of incorporation of The Leon
County Canning Company.
Besides the B & l.. stock, one OF
TWO cash subscriptions have been Sc.
cured, and a number of lots and tracts
of land were also subscribed or
promised. Several of these are suit
able for the location of the plant.
The plan Of organizing is as fol-
lows: Members of the Building and
Loan Association subscribe to the
stock of the canning company, pay
ing therefor by the transfer of one
share each Of their B. & L. stock.
The canning company, will the stock
so transferred, will effect loans there
on from the b. q l.. Association in
the same manner as is done by mem
bers in other words the company
becomes a mcmber-and furnishes
to the Association the real estate Sc
curity required by the rules on all
loans. In order to do this, and utilize
its borrowing privileges as a member,
the canning company must secure
additional subscriptions to it's stock,
payable IN lands, at a fair valuation,
The title to which must of course be
transferred to the company.
Here, then, is an opportunity for
every citizen Of Leon county, who
possesses real estate, to devote a
portion thereof to the success of
this enterprise. Money is not re-
CURED. The subscriber receives
stock in the compny for the land,
and the funds required are procured
from the Building and loan Asso-
citation by the pledging of the lands,
upon the B. & l.. stock 80 transfer
red to it.
In these hard times no other m cans
Of creating a cash capital for the in
auguration of the enterprise presented
itself, and the patriotism and public
spirit Of those members of the B. &
L. Association who have thus come
forward, and by transferring their
stock to the company, with its at
endant privilege Of securing loans
thereon, cannot be too highly COM
Shall it be said that the owners of
and in Leon county, who will inevi-
;ably be most largely benefited by
The Inauguration of such an enter
prise, will refuse the aid they can 80
easily and cheaply render towards
its success? Will they per-
nit themselves to be out done in
public spirit and enterprise by the
B. & L. stockholders, most of whom
are men of small means and precari-
Dus income, and who became men,
bers of that beneficent association
with the chief purpose of accumulate
ing fund wherewith they may pro-
vide themselves AMI their families
with homes?
Every land owner in Leon county
is invited to contribute to the sue
cess Of this most worthy and neces
sary enterprise, which needs no argu-
ment to demonstrate its prospective
bene6ts, by subscribing to the stock
Of the company, (thereby sharing in
the success their action will make
possible if not certain), and paying
their subscriptions in land.
The subscription list is provision
ally in the hands Of Mr.. Chas. A.
Choate, to whom all applications for
stock or information can be ad-
dressed.