Omaha daily bee., 1912-05-12

capital at least twelve times q year, earning -
per cent or their capital stock, the stock
holders at all times having their money invested
in high. clean farm mortgages, but earning much
more than the direct investor, who only gets or
per cent, -..-
Large Capital Stock.
"Tne Bankers Mortgage Loan company. su-
thorized capital stock s2,000,000, par value
twenty dollars $4,000 per share and non-assess-
able, was organized by Thomas B. Mcpherson and
his associates for the purpose Of buying and selling
farm mortgages. Mr.. Mcpherson, president OF the
new company, has carefully selected for its man
agement men Of the highest integrity, with wide ex-
perience In the mortgage business"
State Treasurer Walter A. George writes Of the
company as follows:
After having investigated to my thorough sat-
isfaction the incorporation OF the Bankers Mort
gage Loan company / was convinced that IL was
safe, and that the leading financial men Of the
state being the incorporators, the stock should
prove an Al Investment The capital stock OF
$2,000,000, together with surplus. certainly
would start the company out In the best possible
condition and would be strong enough to handle
the large increasing business OF this country.
II have thought Of and have advocated, this
kind of a company for long time. and to my mind
there is no reason why a home company, organized
as is this one, with headquarters at Omaha, should
not start right in at the beginning with big bus-
ness The main trouble heretofore with the loan
companies has been that they were too far away
from US and were too limited In capital. / am
glad to have the privilege of joining in this work"
Colonel c. +. Coffee Of Chadron writes OF the
company as follows: d..
II have given the loan business good deal OF
thought for several years, wishing that company
OF this kind would turn up. ! honestly think the
Bankers Mortgage Loan company will be q benefit
to the country well as to the stockholder. There
is a great demand for such a company. Your plan
seems to be all right and will be winner and div
idend payer.
The Best Investment
"The farm mortgage, with its simple security
basis and the positive assurance that with the
growing OF the nation there will be solid value to
reality, probably increasing with the years, has
strong hold this class of investors 1t is neces-
sary that they be informed on the methods OF Sc
curing these investments, OF course, for, strange
as 1t may seem, there are many who are unfamiliar
with the buying Of mortgages. The probability Is
that this business quiet will continue Tor several
months and more than likely that 1t will not be
materially changed for more than year. Then
II there Is nothing in national legislation to pre-
vent shall see gradual starting up OF business
and greater confidence on the part OF the men
with money to make investments. He will be
willing to place his money In such undertakings
as are more specuative-but in the meanwhile 1t
is good time to interest him in the farm loan.
The Bankers Mortgage Loan company begins
business under the most favorable OF conditions
and with the support OF the best bankers and nan-
cial Of the state. 1t s recognized as Just the
company that Is needed for Nebraska and the west,
so the bankers are enthusiastic about 1t. The men
at the head of the company are the best; they are
recognized by all western financial men as being
highly honest and thoroughly capable.
The field which this company has selected ID
ideal On this point w. T. Auld, president OF the
Corn Exchange National bank, says the followtnga
No Better Field
I'm my opinion there is no better field for the
operation of q large farm loan company than
Omaha, located 1t is In the center Of one Of the
greatest farm-producing countries In the world.
There is at this time and there has been for sew
eral years, a very heavy demand for farm loans,
and, in my opinion 1t will continue. The trouble
the fact that they have been unable to get the
proper outlet for their paper and get the money
promptly, which is one Of the most important
things In the farm loan business
With all conditions favorable and with the
western country strongly demanding such COM
pany-through the banks and through the farmers
it is regarded certain that the Bankers Mort
gage Loan company will prosper rapidly and give
Omaha and the west one Of the largest corporations
of its kind in the country This cannot but help
to swell the clearings of our Omaha banks very
perceptibly account of the vast sums of money
that will be attracted to our state and will also
give employment to a large number of our people.
In this way the company will be great help to
Omaha the state of Nebraska and the entire north
west. 1t deserves, and undoubtedly will receive,
the financial and moral support Of the best citizens
Everywhere the officers and directors Of the
new company are receiving the most enthusiastic
encouragement. They regard the faycrs and the
interest Of outsiders indication that they will
fill long felt want-and fill 1t we'll. The kind
Of men, it is said, that conduct business have the
making Of the future of that business. So, with
such a fact established, bankers certain that
the Bankers Mortgage Loan company will do great
things for the farmers and other investors Of Ne
braska and the west It has everything in its
favor, and all agreed that It should progress
rapidly, taking along all its stockholders
and all the investors.