The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1920-09-29
AN
OPPORTUNITY
FOR
INVESTMENT

I'm vLO i NlL1N
The American Hurnus & Phosphate COMPANY
with Offices at Lakeland and Winter Haven, and with
an operating plant near Dundee, Polk County, Flor
ida has decided to offer in this county, atmy sueees-
ton, and through me, 100000 Of its cumulative
preferred stock for sale under such attractive cond
lions that the amount cannot fail to be quickly SUBJ
scribed and oversubscrbed. 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
50 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 $l2,000,000 Within the past sixty days
this company has had to refuse orders for more than
$4,000 tons Of its product which it could not fill,
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
per cent from the first Of September 1920, payable
semi annually, 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 tor sale by the company, but have secured
the permission Of the Board Of Directors Of this COM
pany In the sale Of the first 100000 of preferred
STOCK Folk county to give 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 his offer absolutely limited to the sale Of
tins 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 conservativeB
OF from % 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
this proposition and the almost unlimited potential
Salue OF the common stock of this company, have
no hesltancy IN advising the acceptance of this OPP
poftunity OF making not only an absolutely safe In
Vesunent OF per cent, which money will be re-
turned to the investor in full with his dividends with
IN 'ne period stated, but in addition securing as
bonus some OF the common stock of this company
otherw1se practically unobtanable. Notwithstand
ing mat dividends have accumulated for one month
upon 'hls stock the offering made at par, $4,000
per snare and the small as well as the large investor
IS invited to subscribe to this Offering. This company
mas no nc connection with any phosphate company in
'nls etate. The Board of Directors of the company
are; II; W Snell president of the Smell National
R San * Winter Haven; Edwin Spencer IT, Lakeland
:" |; Oyerstreet, Lakeland; H. B. Williams, Dundee,