The Butler weekly times. (Butler, Mo.) 1881-1918, 1903-01-22
The Walton Trust Company Meeting.

Inc walton trust company Meeung.
The directors and stockholders Of
the Walton Trust Company held
meetings on January 8. 1903. DR.. T.
C. Boulwsre, c. 81. butcher, John
Deerwester, DIR. j. Everingham. ]. R.
jenkins, Judge Sam Levy, C. R. Rad
ford, Judge Booker Powell, VIM. W.
Trigg, T. j. Wright, VIM. E. Walton
and Frank NJ. Toris will serve as
directors the ensuing year. The fol-
lowing officers were elected:
VIM. E. Walton, president;
T. ]. Wright, vice-president;
Frank Allen, secretary;
C. A. Allen, asst secretary;
W. D. Yates, title examiner;
A. II. Peach, clerk and bookkeeper.
An examination OF the books for
the year 1902. showed the earnings
and expenses as iollows;
Gross earnings $19,523.34
Expenses and taxes paid 9,65S.46
Net earnings $9,S64.SS
A dividend OF s per centior the last
seven months was paid amounting
to two thousand seven hundred and
fifty dollars and Ave hundred dollars
adj ed to the surplus fund. During
the year 1902 the surplusiund was in
ere ased one thousand dollars and
stockholders were paid nine per cent
on dividends, amounting to four
tn ousand nine hundred and fifty dol
lars. The surplus fund is now six
thousand FIVE hundred dollars,
The Walton Trust Company was
found to be in first-class condition,
doing a large business in lending on
farms, with safety and profit.
During the last six years the stock
holders had been paid in cash divi-
dends thirty thousand and eight
hun dred dollars, besides the six thou
sand dollars in cash added
to the surplus fund, thus net
ting the stockholders an av-
erage Of eleven and fifteen hun
dredths per cent each year for the
entire six years, free OF taxes, as all
taxes were paddy the company.
Mr.. Walton, the president, reported
that the Walton Trust Company has
on it's books and under it's control
and management four thousand real
estate loans, amounting to about
four million dollars that. were pur-
chased OF the Walton Trust Com
pany by and now owned by
more than one hundred money
lenders, including savings banks,
trust companies and individuals
scattered over several states. Many
Of these money lenders have been
buying our mortgages continuously
for fifteen, twenty and thirty years.
Mr.. Walton said that which pleased
him most was to be able to say to
the board OF directors, that after
thirty years of continuous business
in lending on Missourifarms for over
one hundred lenders, having made in
all about ten thousand loans that in
the aggregate exceed fifteen mil
lion dollars, not one OF our
money lenders during this long
period of time has lost a dollar, nor
does any OF them own a farm taken
at foreclosure salesto save hemoney
that was loaned. None OF our lend
ers have become dissatisfied, but on
the contrary we have their confidence
and every one of them is yes buying
our farm mortgages, as they have
money to loan.
Possessing the confidence of so
many lenders it enables the Walton
Trust Company at all times to be
ready with cash to loan on farms at
lowest interest rates and that at no
time during the last twenty five years
has any borrower been refused a
loan where the real estate offered as
securely was satisfactory. The d.
rectors and stockholders we're pleased
with the dividends received and with
the prospect of good business in the
year 1908.