The Washington times., 1912-12-14

Howard c. Shober, Auditor for United
states Interior Department. former ST.
Esrin.e%ndsnt % Of insurance. State VI
% RoS.rt &S j. &Synne. former Postmaster
General OF the United states.
The text Of the letter follows:
"waashins;Sn: 2; G.,
I'm view OF our previous correspon-
dence with you, II gives me pleasure to
write you OF the successful completion
Of the organization work done BY this
National Fire Insurance Company.
The 1000 owners were secured with
In sixteen weeks. The nrst Issue OF
nrst NATIONAL stock. 100000, was quickly
subscribed within twenty days after Il
was offered: the third issue. $500, ,000. was
also snapped 10 as soon AZ offered. and
tne fourth issue. $4,000. IL now being
s.P's,,Ssd rs sS LOB fSr by the company. orisi.
s9n.0oo to $4,000 per day.
This notable success In organisation
has been set forth In detail by one OF
the sms. Oldest ,a.. and most influential insIr.
he United States Review: published in
Philadelphia. A copy OF this article.
detached from that publication. is In
closed herewith. II should receive your
immediate and careful attention.
Aucom0 from kaIn1n4S.
I'VE Intended to start business with an
initial capital and surplus Of St0O,OOo; In.
stead Of that, our success In orGanixa.
tion has been no great and rapid that
We have already begun business and the
.i:da Ei.h Z A. subscribed capital and surplus Of
I'VE have also been enabled to invest
me company.s funds 20 advantageously
stock holders during the orssnisa tion
period. These Investments made
chiefly In h!gh-sradc State and other
estate nj the District Of Columbia. The
exceptionally strong financial status Of
THIS company 10 set forth in the enclosed
f,nsneisl m, us statement. to which your spe-
large and long -esta blished financial in
stitution Of Washington, we have &C.
quired title to the Southern Building.
II 10 the largest and most successful
office building In the National Capital,
producing q rental revenue Of approxi-
mately $40, 0,ooo per annum and Yielding an
This purchase. made under specially ad.
ventageous conditions will give the
First National the dignity and stability
enjoyed BY other mill lion-dollar fire COM
penies which own and occupy their own
The. Southern building Is located in a
nei8hborhood where values are rapidly
advancing and our directors believe that
sttr.ctive each year. ear Both from fSaea'eSs a revs.
notable addition to the permanent assets
Of the company. Based on the official
snce. the net profit TO our stockholders
In this transaction Is 1000. or 10 per
cent on the company's entire authorised
capital and surplus.
know that by the judicious handling Of
the funds OF the company the directors
| OF the First National have succeeded In
wiping out all organization expense to
It's full capital and a net surplus far In
excess Of the amount subscribed. ano
thereby making First National stock.
! based on the company's admitted as
| sets. worth considerably mire than Its
I present selling price. This Is indeed a
Misunderstanding which has been
hitherti unknown in fire insurance or
| ganisation In this country.
Now. thus far. you have not avail
with us in the organization and pront
Of this great company which began busi-
ness during the present month--Novem-
ber-and has an assured premium In
come Of over q. 100000 for the first year
1T ought not to be that way. In your
own interest-fOr personal proft--you
should at least try to secure one Of the
few remaining twenty. .hvc share blocks
stock at the original and lowest price
Of 80 per share, totaling $50. and pay
able at the rate OF Us per month 10,
ten months. The sale OF the fourth is.
the next two weeks and therefore this
opportunity IL a passing one.
II know that you have been interested
in learning about our company. and
should have another and nnsl oppor.
tunitv to apply for twenty-five share.
Of First National stock. Therefore. l!
you will sign and send In the inclosed
within ave days after it's receipt wheth'
er or not your application can be ac'
cepted. II It can--upon being SO noti,
f,ed--you may send your first S2 ane
months. thus completing your gradun
and total investment Of $50.
You need send no money with THU
application. which simply. registers Y
this office your desire to have twenty
you from the fourth and Anal ISSUE
which Is now being so rapidly takeI
erleam car" fire eempanies.in the class o
the First National, with respect to cap
italization. made the remarkable aver
age earnings n 1911. OF Al.N per cent
"As the newly elected president o
the First National. ! shall be honore.
BY the prompt receipt Of your condi
tional application. and II the twenty
1--WE shares can be made available 70
YOU, j shall do all N my power +
make your ownership in the First Ma
tional continually pleasant and prof
liable.
Respectfully yours.
ROBERT ]. WYNNE,
president"
Commercials Appeal.