The Butler Weekly Times Newspaper, February 22, 1888, Page 10

; ee ee again sold the same land Nov. 21, 1888, for $90,000; There is nothing : uncertain in such investments. The more profitable way of disposing of coal lands is to lease them at a royalty of } tol cent per bushel. A cubic foot of coal makes a bushel. A3 foot vein of coal at cent per bushel would thus net the owner of the land over $600 per acre. The owner ofa forty acre tract of coal land would receive over $24,000. Between Missouri and the Rocky Mountains there is no coal in any quantity. All over these “woodless prairies”—in Kansas, Nebraska, Da- kota, Minnesota, and a part of Iowa, and a portion of Missouri, the de- mand for coal is very great, and every winter there is a coal famine throughout that vast section. Jas. K. Bavorsr & Sox, of Butler, Mo. deal largely in these Coal Lands. REAL ESTATE AND FARM LOANS. Bates county is a favorite place for Eastern capital. The very rich and productive farm lands, underlaid with large veins of coal which are constantly increasing in value, and the rapid growth of the county are sure guarantees for both safe and profitable investments. THE BATES COUNTY LOAN AND LAND VOMPANY. The Bates Oounty Loan and Land Company, of Butler, Mo., was in- corporated in 1884 under a charter from the State of Missouri with a capi- tal of $20,000. It deals largely in Farm Mortgage Loans and J. K. BRUGLER’S BUILDING. do a business of about $230,000annually. They have farms, coal and timber lands in any number of acres,from 40 to 1,500 in one tract. They have one tract of 3,500 acres. We refer our readers to this company and give a cut of the bluiding occupied by them. To show our readers how FARM Loans are made by this company we make the following quotations from their circular: “The officers of this company have been engaged in making loans in Bates County for over fifteen years. They are all well acquainted with the people and the farmers of the county, and their customers have never lost a dollar of principal or interest, or been compelled to take land in return for their money loaned. We limit our loans to Bates County for the rea- son that we make no loans through agents, but every loan made by us is made under the direct supervision of the Company. Without this limita- tion we would have to employ agerts and rely on their representations for the safety of the loan. HOW LOANS ARE MADE. Loans are made from one to five years, on such times as may suit the parties wishing to invest. We first take written application from the bor- rower on one of our printed blanks, wherein the borrower has to give under oath, a full description of his farm, its buildings and fences, how much is cultivated and how much, if any, is not fit for cultivation, its actual value, in whom the title is vested, and what incumberances, if any. The Com- pany also personally inspects every farm and gives their estimate of the value of the land and the standing of the borrower. After the application is completed; the title is then thoroughly examined and a written abstract prepared, showing all the conveyances on the land from the government down to the present owner. This is a very important part of the loan and is done by the company itself. They guarantee all titles on which they make any loan. If the title is perfect and the land is clear of all liens and in. cumberances the obligations which are executed by the borrower to secure the loan are then prepared. These consist of a coupon note and deed of trust. The coupon note consists of a simple negotiable note given for the PrixciraL and the interest coupons attached for the instalments of interest to be paid. The deed of trust is equivalent toa mortgage. There are three parties to this deed. The borrower is the party of the first part, the trustee the second party, and the party for whom the loan is made is the third party. Under the provisions of this deed and the laws of Missouri no fore- closure in court is necessary to make a sale. If there is default in paying any interest or the principal when due. the trustee, at THE REQUEST OF THE HOLDER OF THE NOTE, can advertise and sell the land and make a deed to the | ' purchaser. The fact that this sale can be made in this way always secures | § the prompt payment of interest and principal.” We give below a ent of the zine works in this county. | ZINC SMELTERS. | i Capitalinvested, $150,000. Number of men employed, 209. product of zine, 30.000 tons. Valued at $600,000. Annual the number of school children in each county. Bai county her share of state interest for the last year, $9,941,850. Outside of the cities and towns there are about 150 school } in which schools are held from 6 to 9 months each year. Sunday are held in many of the school houses. Through the county the, many chureh buildings in which services are held each Sunday fg benefit of the farmers, who are very liberal in supporting churches | schools. ZINC SMELTERS. ROADS AND BRIDCES. The county is well off for public roads and asa general thing the supervisors of the highways are careful to keep them in good condition. Within the last few years the county has had 18 iron bridges erected. ee ee BATES BLOCK, RICH HILL. RAILROADS. The county has three main lines of railroads, to-wit: The Lexig i & Southern, the St. Louis & Emporia, and a branch of the City, Ft. Scott & Gulf. The Missouri, Kansas & Texas also Re through a portion of the county. Besides these roads now in ope no less than two independent lines are projected from Kansas City to FARMERS & MECHANIC BANK, RICH HILL. MO. Bates county coal fields, and it is claimed they will both be com le ‘this coming summer. This county has no railroad indebtedness. 4 THE ASSESSED VALUE. The assessed value of the county is about eight and one half mil- - BUILDING STONE. There are, in the county, many quarries of very excellent and b lions. This is only one third of the actual value, so that the real wealth +3 of the county is not less than twenty-five million. ful building stone. This rock is shipped to the different cities large quantities and is used in the construction of very fine buildings: BUTLER ACADEMY, BUTLER, MO. PEBLIC SCHOOLS AND SCHOOL | Stock raising ee fier The FUNDS. | some very large farms, specially fitted up for this purpose: D.N. This county has a common school fund of about $120,000. This prin- | son, of Butler, and W. J. Bard, of Virginia, Mo., and several others, cipal cannot be used, but it is loaned on real estate security and the in-| farms of from 1,000 to 1,500 acres each. For information as to terest 1s annually distributed among the schools of the county. In ad-/| raising, we refer the reader to these parties. i setae Hien GNA) Sngaseee ee PUBLIC SCHOOL BUILDING, RICH HILL. dition to this there is a state school fund the annual interest of which is distributed among the different counties of the state. in proportion to i