Arizona republican., 1913-04-27
HOME 0E REALTY SECURITIES |S
 SOON ID RISE
Proposed Eight-Story Struc- tlre Will Probably Be in City of Phoenix in An other Thirty Days

iHe piopoSeu elSnt story Realty Securities building at Monroe street and First avenue, diagonally across rom the new federal building, will be reality within the next few months unless something unforeseen occurs tO delay the work of erecting the big structure. Ample funds are now in the hands of the Realty Securities company to carry the structure to completion and the plans for the building have already been drawn and approved. All that remains now IS to call for bids and make an award of the contract to witness the break ing of ground for what will be the most pretentious office building in the southwest. This. it is confident ly believed will be accomplished with in the next thirty days
 Messrs. Gardener x Ensign with whom the great project originated and who not only fostered it until the
 big corporation became a fact but are now the fiscal agents of the concern. announced yesterday that they expect ed the building would be ready for occupancy within nine months. Some contractors claim the building can be opened and ready for tenants within six months from the date the ground is broken
 s7e -P"7 securities company is the laws of Ari-
 zolla. d.., e;ed at $40O, ,000
 the par Va ch share being one dollar Nc is sold for less i than par and the no promotion stock. All funds derived by the com 1 pany from the sale of it's capital stock are invested in carefully selected in-
 come producing real estate, or mort
 gage securities upon the same. In i the resale, or hypothecation of these 1 securities and the subsequent rein 1 Nestment and turning over of it's orig i inal capital from time to time is to : be found the basic feature of the l plan which distinguishes The Realty 1 Securities company from the ordinary realty corporation
 i Our plan of operation includes no untried or experimental features It l corresponds exactly with that of The | Realty Securities Corporation of New York City and other mortgage bond | ing companies throughout the United l States. These companies have for ! . mortgages and trust deeds in every 1 section of the country where the de- mand for money is great and interest rates high. The securities thus oh- | tained are then handled by the iSsu-
 ance of mortgage bonds, bearing a 1 stipulated rate of interest and d guar
 anteed maturity. These bonds have 1 found a ready sale throughout the ! east, and as they bear interest rang | ing anywhere from four to six per ! cent, while the mortgages securing them are bringing all the way from seven to ten per cent. it is easily seen that the business is a most profitable one. It is also true that the cOmmuni- ties furnishing these mortgage securi- ties are greatly benefited. as it is the only way they can secure any cOnsid- = 1 erable amount of outside capital oW 1 ing to their great distance from the eastern money markets and the con- ! sequent difficulty of satisfying indi- viduai investors as to the real value of any particular piece of property
 which might be offered as security. The plan constitutes, in effect, prac-
 tical cooperation, enabling the stock holder to share in the certain pro- T fit sharing power of realty properties i without the cares and veXations incl | dent to the individual buying and sell | ing of real estate, and gives to each | investor the benefit of an expert
 knowledge, based upon years of prac-
 tical experience in this particular
 field of energy-a combination which he could not otherwise command
 The personnel of the officers, di-
 rectOrs and board of control em-
 braces the leading business men ot
 Phoenix and of Arizona. E. A,
 Sawyer is president; John P Orme T vice president; Lloyd B. Christy
 treasurer; H. J. Brazee, secretary
 The directors are: B. NJ. Goldwater
 F.. $ WakeHn, John P. Orme. F. A
 Sawyer, A K. Stacy. Charles R. Sligh
 w. w Cook. $. H Stewart, Louis
 Melczer and George D. Christy, who
 is also counsel The board of contro
 is composed of E. J. Bennitt, Edward
 w Wells. Lloyd B. Christy, F. H
 Parker, l.. w. Coggns. Charles R Sligh. S H. Stewart H. J. Brazee w L. Pinney, Frank T. Alkire, George Alkire, R. L. Bake, E. E. Jack, LOT enzo Hubbell J. J. Keegan of Globe and w L. Shanley of Globe.
 Messrs George Gardiner and A E, Ensign. the originators of the pro. feet and the fiscal agents are ready to give any information about th' company Their offices are in room: 419 and APO Fleming Block.