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OTE OMAHA SUNDAY BEE: MAY 23, 1909.
TIMELY REAL ESTATE COSSIP Mortgagei Offered by City SaYinji Bank Ar in Much Demand. SURPLUS OF MONEY EI OMAHA MOFFIT-ON -LONG -LAKE Tho Town With a Future to It. All flvekln Iareatmrat 1st Property or Good Citr M or t ; Ae rimtlttn in Va.lt. of I.o.B Some Ides of the smount of money wait ing for Investment In Omaha may be gleaned from the fact that Just a week ago The Bee announced In a news stor;' Brown Park Mineral Springs of South Omaha is the Equal of Any Magnesia exclusively that In the making of the "City National bank" from the City Sav ings bank, the real estate mortgages of the ineral Water in the E&nown World. Just Think of This: Institution would be offered for sale. Within a few days applications were received from Omaha a fall Mecca of lfa8i Rail Mi: Rail Roads --4------- Roads I y ' ' I- LJ TOE "S00" AND NORTHERN PACIFIC The opening sale of lots in this new town will take place on Thursday, June 3d, 1909, commencing at 1:30 o'clock p. m., when the business and residence lots of tho townsite will be placed on Bale at public auction and sold to the highest bidder. MOFFIT-ON-LONG-LAKE is a new town located at the head of Long Lake, 28 miles southeast of Bismark, at the junction of the "Soo" and North ern Pacific railroads, and has a boundless territory to draw trade from. If you desire to change your business location or start in business for yourself in new territory, here is the opportunity of your life. Don't let it slip from you. Remember the date, June 3, 1909. For further information address: G. E. WILLIAMSON, W. II. McMASTER, Chariton, Iowa. Motfit-on-Long-Laks, N. D. Send for a copy of Tho Moff it Messenger. Announcing the arrival of a spec ial representative from New York, who will demonstrate and explain Mme, Yale's famous beauty prep arations, beginning Nonday. . . SKIN FOOD FREE A 1irR souvenir Jar of Mme. Yale's Skin Food will bs pre sented to nil purclnmers of any of Uie Yale preparations amounting; to iDc or over. Every woman who is interested in beauty culture, should visit this demonstration. Brandeis Drug Dept. (South Side, New Store) Important Change of Timo Ohicag o G Mb Uesfern Baikvay Beginning. Sunday, May 23rd, through train to the Black Hills will leave Omaha at 3:55 P. M. Additional train leaves Omaha 2:15 P. M. for Fremont, Lincoln, Hastings, Superior, Nor folk Jet and intermediate points. New train for Chadron leaves Norfolk Jet. 7:30 A. M. daily. Correspondingly improved service eastbound. NOTE: Three trains daily between Omaha, Norfolk Jet. and Long Pine; two between Omaha and Chadron. Sptciat lot round trip ra1t daily to 1ht -DtacK. HllU and Wyoming throughout th rummer month. TICKET OFFICES 14011403 F.rn.m Street OMAHA, NEB. Omahans for more than half the mort gages held by the Institution. The ban.c holds ome high-class securities and the many buyers Is a good Index to the market In Onif he for ready money to be Invested In mortgages on city property. Another showing of the surplus awaiting Investment is made In the report of one of the building and loan associations. Only a little more than a year ago, when the so-called "panic" squeezed a number of people. the association had contracted $200,000 In loans and was applying Its de posits on thli amount to furnish money for builders. It had to cut down on new business and make very few loans for a few months. In order to supply the cash to throe loans already contracted. In Its last report a surplus of something like $250,000 Is shown and loans are being made rapidly. Thus In a little more than a year the $300,000 contracted was handled satis factorily and $250,000 placed In the surplus without stopping for a day the number of loans being applied for to erect new homes. This means the association has gained $500,000 In actual deposits, beHldea handling current business. "Milton Rogers Place" la the name of an addition being placed on the market by the D. V. Sholes company. It Is between Nineteenth and Twentieth and Leaven worth and Jones streets. The property is vacant, but so well improved that no special taxes of any kind remain to be paid, while restrictions are being made which will make the place always desir able for residences. All houses on cither side of Jones street must stand back f If teen feet from the front lot line, while business houses or stores may be erected on Leavenworth street frontage only. No saloons, pool halls or sales of liquor will be permitted and prohibitory clauses will be Inserted In each deed. The prices rang from $1,800 to $2,700, and though the prop erty has Just been opened, five have bought lots for residences. The sale of twenty-two and one-half acres opposite Falracres for $22,500 to J. A. Lan gen, who expects to make a fine country place of the property, sort of completes tho design which George & Co. had when they began work on Falracres. Mr. Lan gen bought the Bolden home In Bemls park last year for $30,000 and now offers It for sale, while he expects to erect a homo on the old IrlBh style on the tract Just se cured which will cost $16,000. Mr. Langen Is a former Sioux Cityan, who came to Omaha because of the opportunity offered for Investments, and since has started a real estate firm known as J. A. Langen & Son, with offices in the New York Life building. i The Payne Investment company special train which went out to Scott's Bluff county Tuesday to show prospective buyers lands under the TrI-State Land company's diteli, returned to Omaha Saturday morn ing, having sold $92,000 worth of the lands on the trip. The sales last week amounted to $142,000, making a total of almost $250,000 sold In two weeks. Hastings & Ileyden are selling an addi tion known as Vernon Heights, which Is .o- cajed betweeu Thirty-ninth and Forty-second streets on Kansas avenue. All the addition has been divided into garden tracts and is being sold on easy terms. III ! ,. Contracts will be let the coming week for the sldewaiks and other improvements which are to be made in Oak Chatham addition, property owned by the Kedlck Interests In the. north part of the city, which is being sold by George & Co. The McCague Investment company Is put ting In eight blocks of cement walks and other Improvements In Lowe's addition at Thirty-third and Parker streets, where a large amount of grading has been done, making a sightly four blocks of lots Just south of Prospect Hill cemetery. In the Field club district several unusual residences are being built. C. D. Armstrong, the real estate man. has well under way a $12,000 residence of Spanish mission design. A feature of this house Is that part of It Is to be a garage, the doors, to which are arched, to corre spond with the main entrance. Farther west, on Woolworth avenue, Is the new residence of B. A. Henrichs of the Omaha Crockery company, In which is used a striking combination of buff face paving brick and very dark-stained Bhlngles. A broad chimney climbs up the corner of the front wall of the house and massive porch piers, built of the same brick, give the ap pearance of great solidity and strength. This house will cost about J 13,0m). One of the most sltely building locutions In the Field club district Is that recently bought by n. E. Sunderland of Sunderland Bros, company, at the northwest corner of Thirty-seventh and Pacific. A fine brick residence will be. built on this site. The property adjolnlns- the Kun.winn.i lots on the west and lying east of the biau- ttrm new residence of Mrs. E. L. Stone, is about to become the alia f.,r .nmi.J $15,000 residence. ThUi block overlooks the rleia Club from the north and cnmm.n.i. a view in all directions .of from five to ten miles. The paving of Thirty-eighth street, inirty-elgnth avenue and Pacific street, now under contract, will do much to bring this district into prominence. The substantial prosperity 0f Omaha is in no way bettur indicated than through the fine residences being built by Its busi ness men. THIRTY MILLION BOND SALE Xew York Capitalists Uoy Part of Fifty Million Iiioe of Ar aoar Co. NEW YORK, May a.-The purchase by Kuhn. Loeb & Co. and the National City bank of this city of $30,000,000 of bonds of Armour Co. of Chicago was amounted today. This is part of an authorised lasue of $j0.0u0.0u0. The bonds are to run for thirty years at M per cent Interest and are secured by a first mortgage upon the real estate and plant of Armour Co. and Us subordinate companies. It It understood the proceeds will be used in paying off the company's floating debt. Quick Action for Your Money Ton get that by usUig Tbt Bee advertising column 4 These wonderful springs contain Magnesia, Chloride, Mag nesia Nitrate, Calcium, Sodium, Alumani. Jodiive. Combined Minerals, 212.1 Grains per Gallon. More wonderful cures have been effected Right Here in Omaha than some of the world's Most Famous springs Have Ever Accomplished. We Can Prove This Without Going Outside of Your Own Circle of Acquaintances. Your own doctor can tell you of this won derful water, which as received so little notice from Omaha people, while strangers from all over the United States have been coming here and have been Cured after the World's Best Known Health Resorts Have Failed To Do Them Any Good. The purpose of this ad is simply to let you know what a few of Omaha's best known business men have done with this wonderful spring, in order that the public might reap the benefits this spring offers in health, and HOW IT IS TO BE CONDUCTED IN THE FUTURE. This health resort has been incorporated under the laws of the state of Nebraska and will be known as the Brown Park Mineral Springs Company A. J. VIERLING, of tho Paxton and Vierling Iron Company, President E. L. MYERS, State Senator and Vice-President Luce Land Company, Treasurer. LOUIS HINRICHSEN, South Omaha, Secretary. This property is now paying 32 per cent on a $30,000 investment, without one cent spent in advertising, and you would be surprised to know the number of citizens of Omaha who never heard of it until within the last year, although this spring has affected cures that doctors have given up as hopeless, not simply helped them but ABSO LUTELY CURED THEM, "SOUND AS A DOLLAR." The articles of incorporation specify that, Article 6, among other things, says: 'No officer of this company CAN EVER be voted a sal ary of ANY AMOUNT AT ANY TIME." Article 7 Says Among Other Things "The highest amount of idebtedness to which said cor poration SHALL AT ANY TIME subject itself shall not bo more than 10 per cent of the capital stock; when this com pany can pay more than 10 per cent dividends a sinking fund of 3 per cent will be set aside to provide for any nec essary improvements, that is if the increase is in excess of 3 per cent above 10 per cent dividends; and it shall require 75 per cent of the entire vote of the stockholders to increase the 3 per cent sinking fund at any time. In order to amend the articles of incorporation it ahull requu-e a vote of 90 per cent of the entire stockholders of said corporation, and this is required before any amend ment to the charter CAN BE MADE." Any one desiring to look at the whole article of incor poration may see a copy at any time in our office. This company proposes to remodel the present bath house at Twenty-first and S streets, South Omaha, and put it in first class condition for the benefit of South Omaha. They will immediately build a $20,000 bath house in the business district of Omaha, modern in every detail, equip ped with every modern appliance known to science that will assist professional masseurs in helping this wonderful water to get the best possible results. The minute this company opens the doors of its new bath houses its earning power, based on its present busi ness, will pay 10 per cent on its entire capital stock on what it does NOW. We Have Some Stock for Sale in this company not already spoken for, and will be glad to give you full information regarding the probable earn ing power of this stock as an investment. NO POSSIBLE CHANCE for a stockholder in this company to fail to get every cent his money earns in div idends, as every possible guarantee has been embodied in the articles of incorporation, and it requires 90 per cent of all the stockholders' votes to change the articles. All and full information on request at office of Brown anc Inera Phone Douglas 1180 OMAHA, NEBRASKA Springs Co. 622 Bee Building