The Lakeland evening telegram. (Lakeland, Fla.) 1911-1922, 1920-09-28
AN
OPPORTUNITY
FOR
INVESTMENT

lin I'D i N1L1N /
The American Humus & Phosphate Comnanv
with offices at Lakeland and Winter Haven, and viii
an operating plant near Dundee, Polk County, Flor.
ida has decided to offer in this county, at nv suepes
tion, and through me, 100000 Of its cumuIativ.
preferred stock for sale under such attractive cond
tons that the amount cannot fail to be quickly subj
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 we'll as a number Of non.
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 is 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 recos
nzed 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
praisa companies in the country on this kind Of de-
post, the appraisal value Of the company is approx
matey $12,000.000 Within the past sixty days
this company has had to refuse orders for more than
$1,000 tons Of its product which it could not ell,
which orders came voluntarily and unsolicited This
company is believed owns nearly all Of the drained
available peat lands running this hig 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
seml-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 for 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 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
snare lhls offer is absolutely limited to the sale Of
!hs 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 conservativeg
OF ron y 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
thls proposition and the almost unlimited potential
Sal1e OF the common stock of this company | have
no hesltancy IN advising the acceptance of this OPP
poftunlty OF making not only an absolutely safe in
vestment of s per cent, which money will be re-
.ufneo TO the investor in full with his dividends with
IN the period stated, but in addition securing as
bonus some of the common stock of this company
ohelwlse practically understandable Notwithstand
ing mat dividends have accumulated for one month
upon this stock the offering is made at par, $4,000
per share and the small as well as the large investor
invited to subscribe to this offering. This company
h as nc no connection with any phosphate company in
mls otate The Board of D;ractors of tLa comnanv
ne IL ", W. Smell president of the Smell National