The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1920-09-30
AN
OPPORTUNITY
FOR
INVESTMENT

an operating plant near Dundee, Polk County, Flor,
ida has decided to offer in this county, at my sugges
ton and through me, 100000 Of its cumulative
nreferred stock for sale under such attractive cond
lions that the amount cannot fail to be quickly sub
scribed and oversubscribed This company has not
heretofore offered its securities to the general public
because before doing So it desired to have not mere
" paper prospectus upon which to base its offering,
but record Of actual achievement, and earning ca.
pacity actually demonstrated beyond question before
it was willing to ask the public to invest its earnings
and SO during the past year the men behind this en-
terprise, consisting of some Of the most prominent
citizens of Polk county as well as number Of nom
residents have put their money and their energy In
to constructing safe and stable institution before
seeking outside capital Now that the first plant unit
Of the company completed and in actual operation;
with the output Of the company contracted for at
handsome prices, with the earning capacity Of the
first plant unit demonstrated beyond question, with
the merit of its product recognized by every fertilizer
manufacturer and by every agricultural department
so far as we know in the United States, with de-
mand far exceeding the supply off the present plant
all elements of chance have been removed from an
investment in this company.
This company owns approximately 10000 acres
Of peat or humus land in Polk County, comprising
about 100000 tons of humus, which are recog-
nized as being among the highest in ammonia con-
tent in the United States According to appraise-
ment figures employed by one Of the largest ap-
praisal companies in the country on this kind Of de-
post, the appraisal value of the company is approx
matey $1200O,O0O. Within the past sixty days
this companyhas had to refuse orders for more than
$4,000 tons of its product which it could not gil,
which orders came voluntarily and unsolicited This
company it is believed owns nearly all Of the drained
available peat lands running this high in ammonia
content in the State of Florida or in the United States
The purpose Of this offering Of stock is to at once
increase the capacity Of its plant the company in
tending to Immediately quadruple its present output
The preferred stock Of this company draws s
per cent from the first of September, 1920, payable
sem-annualy, there being already accumulated on
this stock approximately one months dividend 1t
is redeemable by the company within the period OF
two to ten years at the option Of the company, and
must be redeemed by the company at the end of ten
years, with ample sinking funds provided to secure
such retirement. 1t has all the preferences usually
incident to preferred stock.
There is no more Of the common stock Of this
company for sale by the company but have secured
the permission of the Board of Directors of this
pany in the sale Of the first 100000 Of preferred
stock Folk county to give as bonus with each two
shares OF preferred stock one share of common stock
OF the company Of the par value of $4,000 per
share This offer is absolutely limited to the sale OF
this amount of preferred stock and to this county.
1t is my judgment that the common stock OF this
company when the present plant is quadrupled IN
capacity will pay an annual dividend conservatively
OF from ID per cent. to Is per cent The common
stock participates in the management of the COM
pany and has all the rights and privileges usual to
such stock.
Knowing as do the tremendous possibilities OF
ths proposition and the almost unlimited potential
value OF the common stock of this company. have
no hesltancy in advising the acceptance of this OPP
porumty OF making not only an absolutely safe in
veStment OF per cent, which money will be re-
turned to the investor in full with his dividends with
IN me period stated, but in addition securing as
bonus some OF the common stock Of this company
o'herwlse practically unobtainable Notwithstand-
Ing that dividends have accumulated for one month
upon this stock the offering is made at par. $1,000
per share and the small as well as the large investor
invited to subscribe to this offering This company
mas no connection with any phosphate company IN
THIS State The Board of Directors of the company
are: n: W Smell, president of the Smell National
S bank Winter Haven; Edwin Spencer, Jr., Lakeland
w. !; oyerstreet, Lakeland; H. B. Williams, Dundee,
Lee Stephens. Winter Haven; Bradford G. Williams,
lakeland; J. Walker Pope. Winter Haven; and Geo.
T; 'onkolnltz and H l. Erckmann, Charleston. S. {.
Inc treasurer of the company is W. B. SeweII cash
Ter OF The First Nat,o.Al d q Ll