The central Presbyterian. [volume] (Richmond, Va.) 1856-1908, 1906-07-25
MONTREAL.

committee consisted of representative men from
all over the Church. They were about equally
divided between the ministers and elders There
were some of our most successful business men on
the committee. Some of them were experts in
the particular lines about which we wanted iudp-
ment There were hard-headed men on the COM
mittee who would take nobody's word for any
thing but investigated for themselves They
were asked to do this and to examine everything
closely and critically; the value of the property
from business point of view, the suitability of
the location for summer homes, religious assem-
bles etc They walked and rode all over the
grounds They were there during the three hot
test days OF this summer, and they were as hot
as we have known in Montreal Beside the
report to the Assembly, which was unanimously
adopted, they passed set of resolutions as in
d1viduas, written by Rev. DR.. Walter Moore of
Union Theological Seminary and signed bv every
menDer OF the committee present, as well as by
some visitors. These resolutions have been nub
hshed IN all the church papers. They confirm all
that we have published as to the suitability Of
this place as location for summer homes schools
and religious assemblies; as to its accessibilitv
centrally of location, climate water supply
healthtulness, beauty of scenery and its resources
we nave now very nearly 300 subscriptions to
stock actually filed. They are still coming in at
the average rate of five every day This rate
Will no doubt be accelerated as soon as the people
nave read the report of this committee The
number OF those expecting to build cottages on
their lots continues to be fifty per cent This
1nsures the continued increase in the value of the
property, an income for the expenses of the as
sociation demand for the future sale of lots
and consequent improvements
Accordingly the committee having in charge
the matter OF getting up the necessary subscription
to stock have directed the chairman to state that
1T is their intention to close this matter I'D by
the first OF September, and that the substitution
Will be kept open the present terms viz one
share of stock to each subscriber until the 18th
OF August After that date this restriction will
be removed, and present subscribers will be given
an opportunity increase their subscriptions r.
they choose to do so; and if there are any shares
left, they will be taken by members of the COM
mittee and other individuals who wish this op-
portunity. We justified in doing this because
we have already secured more probable builders
than we expected to get out of the whole 500 when
set out.
After the subscription to stock is complete
there will be more shares of stock sold with
lots, and the minimum price lots alone will be
more than the share of stock and lot together cost
now Those in the first five hundred will be part
owners of the whole property, as well as owners
OF the individual lots. The prospective improve
ments will Justify the Association in making the
minimum price lots sold hereafter $500 and
it will almost certainly be not less than $I5o
Therefore those who wish to be shareholders and
members Of the Association will do we'll to fill
out the blank form at the foot of this article and
send to the Chairman at once If further infor-
nation is wanted, illustrated pamphlet will be
sent on receipt OF a three-cent stamp for
postage. Yours cordial1v
J. r. HOWERTON. Chairman.
Rev. ]. R. Howerton, Chairman Charlotte, NJ c.:
Dear Sirs-I herewith subscribe for one slar,
OF stock in the proposed Mountain Retreat AS,
ISOLATION, to be located at Montreal ~ c. 1t is
agreed that this subscription shall not be binding
until five hundred subscriptions shall have been
secured
1t is agreed that shall receive one lot in Mon
treat with my share. For this share Of stock I
agree to pay $4,000 10000 within thirty days af-
ter notice that the subscription of five hundred