Richmond Palladium (Daily), Volume 45, Number 41, 30 December 1919 — Page 8

PAGE EIGHT

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THE RICHMOND PALLADIUM AND SUN-TELEGEAXl, TUESDAY, DEC' 30, 1919.

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ifea Issue

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We offer subject to prior sale and change in price the unsold portion of

Noe- Taxable

009000o00 . . . . ,

Gearaeteed

Co (n)o

Real Estate Preferred Stock of the

E. W Steinhart Realty Company Secured by over $800,000 of downtown business property owned in fee simple in Indianapolis, Ft. Wayne, Terre Haute and Richmond, Ind., occupied by E. W. Steinhart Company, who are STATE AGENTS FOR CADILLAC AND DODGE CARS.

Dated November 1st, 1919 Dividends Payable Quarterly: January, April, July and Oct. 1st. MATURITIES $25,000 Jan. 1st, 1921 $25,000 Jan. 1st, 1922 $25,000 Jan. 1st, 1923 $25,000 Jan. 1st, 1924 $25,000 Jan. 1st, 1925

INDIANAPOLIS BUILDING

$25,000 Jan. 1st, 1926 $25,000 Jan. 1st, 1927 $25,000 Jan. 1 st,. 1 928 $25,000 Jan. 1st, 1929 $275,000 Jan. 1st, 1930 Callable at 102

FORT WAYNE, IND, BUILDING.

For full details regarding this issue we refer you to a letter, copy of which we will be glad to furnish on request, from E. W. Steinhart, president of the E. W. Steinhart Realty Company, from which we summarize as follows: . 1. This preferred stock issue is substantially the same as a first mortgage on five valuable fireproof business buildings, located in the business centers of Indianapolis. Ft. Wayne, Richmond and Terre Haute, Ind., valued at over $800,000. 2. Payment of principal and interest of the preferred stock is in effect guaranteed by lease of the property to the E. W. Steinhart Company, who are the Indiana distributors for the Dodge and Cadillac automob les, with net assets, exclusive of real estate, in excess of $400,000 and yearly income of over four times the maximum annual dividend and retirement requirements. 3. One-twelfth of the total annual dividend and retirement requirements must be deposited each month with the Meyer-Kiser Bank, trustee. 4. The property must be fully protected by insurance against fire, tornado and liability. 5. The stock b exempt from all taxes in the state of Indiana and normal federal income tax. 6. The stock is protected by all the usual features of the Meyer-Kiser plan for safe-guarding real estate preferred stocks.

RICHMOND, IND., BUILDING

TERRE HAUTE, IND., BUILDING

Legality of the issue has been approved for us by our counsel, Smith, Remster, Hornbrook & Smith, of Indianapolis, copy of whose opinion will be furnished upon request and for the SteinharrRealty Company by Myers, Gates & Ralston, of Indianapolis. Detailed circular with full information will be gladly sent upon request. Orders may be wired or telephoned at our expense. Prices: Par and Accrued Dividend, Yielding 6 Net MEYER-KISER BANK I SECOND NATIONAL BANK

Indianapolis

Richmond

Th abov statement while not guaranteed, have been obtained by ua from sources we deem reliable and have been relied upon by us in the purchase of these securities for our own account.

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