Arizona republican., 1913-11-23
FINE RECORD IF
 s. W. 3. 8L. CO.
Years Operations of Organ ization Show Good Growth and Great General Satis- faction With Conduct of It's Business

One wear ago this month the South. western Building and Investment companv was organized and fncorpor- s:ed under the laws of the state. of Arizona The company opened offices a+ IA North Second street and em- ployed two men to give their entire time to the business of the organiza- tion. In March of this year il was found that the quarters had become entirely too small and that larger and more commodious ones were an inn mediate necessity. The office was therefore moved t. No. r West Adams street, where ii is now lo- Cated. but where it has already out grown it's accommodations, and where nine men now give their entire time to it's operation. It is now the plan os the companY's t0 add a room to tDe rear of the office for the accom- modation of the increased business.
 During the year just passed the Southwestern has taken over d num- Der of pieces of property, some of which they have sold and others of which they have improved, and these to gether with the forward march of Phoenix. show general increase in value The business of the company ia. that of building homes, selling real estate generally. obtaining insurance and placing loans-
 The Wentworth tract is one of the chief assets of the corporation. It has been improved in a very marked manner in the last year. < number of high class residences have been built upon 1t and there has been a general cleaning up of the tract. free
 1L.h and the tall weeds. so that the beau t:ful level lots and high class resi- dences can be seen from any point ir the subdivision.
 To give some idea of the business Of the company, the books show that there was issued during the month of November, 1912, checks to the amount cf $323.73. and the amount of checks issued during the month of Novem- Der. 1913. is more than seventy-fiVe times this amount or $25.S10.S2, and this is not q dividend-p paying month either. An investigation into the workings of the company will show that none of the assets are held on inflated values but all are kept at the actual value. The purpose of this is to avoid the source of destruction that leads so many investment com ranies to their doom.
 Every piece of property this com pany owns is carried on the books aG the original purchase price no profit being added in estimated gains al- though the different properties would aGmit of an added amount for profit These profits are not added to the books of the company until such time as the property in question is dis posed of at an increased sum and the money actually received by the cor pCratiOn.
 It is a habit with the members of this organization to turn over their dividend checks for more stock. and it is very pleasing to the officers of the company that this is being done and shows an increased appreciation of the value of these investments upon the part of the stOckhOlder Among the buildings that have been built by this organization might be mentioned the F. s. Wakelin whole sale house containing over an acre and a half of floor space and con structed out of reinforced concrete Il is the intention of the company to build as many as thirty homes in the Wentworth addition in the near future.