Western liberal. (Lordsburg, N.M.) 1887-1919, 1901-07-26
A COUPLE OF LETTERS,

AZ AA1N0A0H AOAGHA0AA
South, $50. Z. d. Cooley, Pres. ]
q. Firmstone, Vice.Pres. w. B. Bur
rows, Sec. j. Q. Currier, Treas. Guy
. Q. Calden, Attorney. Branch Offices
Los Angeles, Cal. 1874 Wilcox Build.
| Ing, w. b. Burrows, Manager. Lon.
don, England, Chas. +. Pierce, Mana.
ger. Seattle, Wash. Tacoma, Wash,
Vancouver, b. c. Boise, Idaho. L. @.
Dillman, Manager, Seattle, Wash.
Chicago, 1874 Van Buren, Street, Robt.
g. Ruxton, Mgr. Roosland, B. @. Salt
Lake City, Utah. Butte, Mont.
Helena. Mont. Denver, Colo. Address
]. @. Odell, Manager, Spokane, Wash.
Portland, Ore, r. @. Crosby, Manager.
Victoria, B. c., Herbert Outhbert,
Manager. Stocks and Bonds Guarau-
teed, Companies Incorporated, OH and
Mining Properties Handled.
To Don; II. Kedzie, Lordsburg, New Mexico.
SAN FRANCISCO, July 16, 19O1-We
have learned from the Pacific Union
Mining and Smelling Co., that there
has been some misunderstanding 10
regard to the securities used to back
their stock 10 your vicinity. We have
made a very thorough investigation Of
this Company, before we underworld
their stock. We ascertained beyond
doubt that the management is 10 the
hand of honorable business men. We
can also state that the purposes of the
Company are strictly legitimate, and
on business principles, and that their
prospects are good. The Bonds which
the Company have contracted for,
through us, are as strong, safe and
we'll protected as any ever offered in
the United States. First Mortgages
are placed in trust with the California
Safe Deposit and Trust Company and
they certify on every bond issued, that
they hold them in trust to protect the
bonds. Investors in the stock Of the
Pacific Union Mining and Smelling
Co., do not have to pay taxes on the
bonds backing the investment.
We are very sorry that there has
been any adverse criticism made in re.
gard to this Company, as we positively
know that they are worthy OF strong
support.
We should be pleased to answer any
and all inquiries regarding the Pacific
Union Mining and Smelling Co., and
their methods. In regard to the
Bonds we would refer you to Q. o.
Perry, 14O6 Call Bldg. W. S. Miller,
Standard Oil Co., Lewis Cowgirl,
Cash'r San Francisco National Bank.
Very respectfully,
Pacific Coast Underwriting Co.
BY E. d. Cooley,
President.
California Home Building Loan
Company, Rooms 14O6 and 1407, Claus
Spreekels Building corner Market and
Third Streets. G. o. Perry, President,
j. Dalzell Brown, e-President,
Perry B. Roberts, Secretary, San
Francisco National Bank, Treasurer,
California Safe Deposit s. Trust Co.,
Trustee. Telephone, 439 Main.
Mr.. s. NJ. Rohr, President, Pacific Uuion Min
ing and Smelling Co., Room 45, $40 Market
Street. City,
SAN FRANCISCO, July II, 1901.-Iu
answer to your valued favor of the
10th inst, 1 regret to learn that Mr..
Brown has not given satisfactory
answers to inquiries concerning the
Gold Bonds of the California Home
Building Loan Company. 1 appreci.
ate his position. He has received so
many inquiries from people prompted
by Misrepresentation that have been
made by various companies who are
proposing to sell underwritten stock,
that it has become almost intolerable,
and 1t has been absolutely impossible
for him to answer them. With q
great number of inquiries about the
personal and other featurers of the
various companies that have been un-
derwritten by the Pacific Coast Under
writing Company, it would require
the entire time OF an ordinary Secre-
tary to answer such inquiries.
In regard to the Gold Bonds Of the
California Home Building Loan Com
pany, J. beg to say that for each and
every bond issued by this company
there is deposited with the California
Safe Deposit and Trust Company, the
Trustee, under a certain Trust Agree
ment, Sl1O worth OF notes for every
800 Of Bonds issued, and these notes
are secured by at least $500 worth Of
productive real estate. All these
mortgages that are assigned to the
California Safe Deposit and Trust
Company, as Trustee, to secure the
payment Of these Bonds, are first liens
upon productive property within the
State OF California. These mortgages
are all installment mortgages; the TO-.
terest and a portion Of the principal Is
paid every month, thereby reducing
the debt and increasing the security to
the Bond. AS these payments are
made we are compelled, under our
Trust Agreement, TO put up other Sc
III.