Loading...
HomeMy WebLinkAbout1920-07 The Kelsey City NewsTHE KELSEY CITY HEWS \1)I,[,LI1: 1, No. I. 1 11),10)\11: II:I.1H "I ):\ \I.\,-;*\( 11 L...;1.,.1..1.\ l�l�lr,'7. of :ithcr LE�I_\"I'I� _\�"1:.. \VES"I' 1'.\I.�I ICI:_\CI I, _1t I.Y. 1112O HOLDIvGS OF THE EAST COAST FINANCE CORPORATION Embracing Kelsey- City, Palm Beach Harbor, and Grounds of the Kelsey City Country Club, Florida • -, . s • • 1 S � •^,7 Largest development of its kind in Florida. In many ways the fairest, squarest and best plan of co-operation ever devised or put in operation by man BIRD'S-EYE VIEW OF HOLDINGS OF EAST COAST FINANCE COR?ORATION, SHOWING KELSEY CITY AND PALM BEACH HARBOR Corporation's holdings consist of over one hundred thousand acres of land 17 miles in length, embracing an area of 160 squee miles. The island formerly called Munyon Island is shown connected with the mainland and ocean frontage by a bridge and causeways, which will be known as Palm Beach Harbor (the future fashionable winter resort). The naturaladvantages for a commercial city and winter resort are second to none in the South. Its beauty is unsurpassed. East Coast Finance Corporation milk and honey. After an exhaustive examination of Florida lands for agricultural pur- poses by experts long familiar with every detail of soil, productivity and climate, it was unanimously decided that the holdings since acquired by the East Coast Finance Corporation met in every particular their rigid requirements. This vast tract of over one hundred thousand acres, skirting the ocean and the lake district, is entirely in halm Beach County and stretches from two miles south of West Palm Beach to Jupiter in the north, a district of over seventeen miles in length, -and embraces one hundred and sixty square miles. Purchases were made from over sixty individuals and several large land companies at prices ranging from $6.00 to $25.00 per acre, while in a few instances the exigencies of the general development and proposed drain- age, the necessity of purchasing a few small tracts that had been cleared and upon which drainage work had been done and two or three years of crops had been grown. IIl these particular instances prices ranging from $200 to $350 an acre were paid, but it should be observed, however, that the land itself was in no way superior to that purchased by this Corpora- tion in large tracts at from $6.00 to 82,-).00 per acre, as it only represented enhanced market values occasioned b\- reason of the improvements above nlciltioiled. The undeveloped back -country tributary to the East Coast is un- doubtedly the richest known in the United States —an empire in its mag- ilitude. A deep water inlet connecting the Atlantic Ocean and Lake Worth two miles south of the proposed town site of Kelsey City is now under C011StniCti0i1 of sufficient depth to carry coastwise and ocean Co111- merce. Here we predict will be created a great shipping center and in the harbor ships will carry flags of every nation. The holdings of the East Coast Finance Corporation will 1)e divided up for the following- purposes: Town site Palin Beach Harbor Cane Sugar and S\-n.ip Mills Town site Kelsey_ City Stock Raising Fauns Seashore Villas 'Hoer Farms Sugar Cane 1F;11'llls Nurser\ Bungalow Farms Formed to develop one of the most fertile and available properties in the` Southern Peninsular .of. Florida, Henry M. , Fla ler opened up a Land of 5uiisliuite u:lc1 t u\v ors —Barry ~eats ' Truck Fauzlls and Dairy Farms Golf Links Florida is t11e world's salvation on sugar. Growing sugar cane and I11aking sugar will be done by the corporation. It is estimated that the profits from this ONE industry will pay the eight per cent and retire a large block of the preferred stock yearly. THINK NOW, from lust ONE of our industries this can be done. AND we will have many profit - making sources —Cattle Ranches. Dairy Fanlls, Stock Farms. Trick Fauns, Orange and Grape Fruit Groves. Brick Plants. Saw Mills. of which two are already_ operating and furnishing our O\wI1 lumber. We want almost every industry under the sun to be represented at Kelsey City. These industries will give employment to many lltln- dred people, in all walks of life. Preference will be given to our own stockholders. Buy A BLOCK OF THIS STOCK. It's an option to purchase a faun, an orange grove, a home at a less price and help you find em- ployment if you are competent. Kelsey City is to be a REAL CITY teeming with life and industry. It's already started. It has every- thing that makes for success —location, beautiful roads. both rail and water transportation, miles of ocean and lake water frontage, adjoining f 1. Q 1t-Aw(.€ 4 .6e4f1FACr GAMS ;i11111 i? 1• act,,l•le5 Fruit Packing, dehydrating and shipping stations Saw aIld planing mills President and General 1'itnas,er of East Coast Finance Ce-poration the greatest resort in the world, Pal. Beach, and above all and sur- rounding all, the best GOD GIVEN c ate on, earth. When WC open this city plat for sale the holdings : of last a month --AND the profits from all this are yours to the extent I your holdings in stock. THINK CLEARLY now and decide to take every share of stock that you possibly can. With a real desire in your heart1n reach success, to change from a frost -bound north to sunshine the -par round. t,, f‘,un,i 1> bu'si less. farm and 11()lne—YOU CAi'fN. AFFORD 1 ,a›, t l i 1. o; ,'-' 11 .1.11c 0 ,1“,rat >11 will present to y stockholder a plan for selecting i 111: land, pl:anitiIig and caring t(,1' thei for a term of years, an orange or grape fruit grove. to be prepared for'nat time when your hopes are real- ized and you can come to Florida, .o a business and a self-sustaining home. "Phis enables you to close oulgrl lually in the north and enables you to utilize your present income t become established in the South- land aIld NOT guess at anything. - 1 we send that plan to you \when ready? Let's hear. Let's have y request for \whatover stock you can handle. It immediately puts in the preferred class for all the good things we will have. Ask us questions. ANYTHING yf': 1.,11 to know. We welcome your ' r queries an(:.ar,u at your service. a:: f you are sick of shoveling snow. paying doctor bills. carrying coal „ not getting ahead. we will show you a way to forever get away fron1i11 this and do our best to introduce you to real prosperity. sunshine and appiness. We repeat, we have a most C4ha" ive and expensive book. If you are interested sufficiently we will s it to you free. The whole story is IIl it. . Investigate. search for the truth and truthful. are strong in resour0 the MOST VITAL THING that you ham cer_iing your happiness and succe stock. Come and see us or send 1 you cannot do either, mail your flaying decided that we are honest ad, that we have presented to you er faced and immediately con - EN ..y-T and take some of this reseutatiye with authority. or. if pti.bn. H. S. Kelsey Farmer, Typesetter, Head Waiter, Restaurant Proprietor, Real Estate Operator, Theatre Magnate, Founder of Waldorf I un-'h System, Chairman -- r T r ' - - r Tom'' 1,..:.....-•---r ' 1.. - 1- _' - �._ _ _ States, Founder K,;sev City, and Developer of tl .� , P ..ast Coast Firirl nce Corporation H. S. Kelsey is first, last, and all the time a fighter but of the General Grant type,, His earnest, sincere manner, his quiet consideration for others, and his absolute honesty, have overcome the animosities of his enemies and won for him the loyal support of a host of friends. . Many say —"How did they acquire -so much for such a shall sum ?" The price was about $2,500,000.00 and the property, if .appraised to -day by experts would place the value double this amount. The answer is — while others waited, H. S. Kelsey acted. He has been pyramiding his efforts for the past twenty years and always won. He is a wizard of suc- cess. That is why all like him and believe in him. An admirer. says — "God made Harry Kelsey with the brain of a Napoleon and a soul of honor and then broke the mould." • Mr. Kelsey was horn in Claremont, N. H., hut spent his boyhood in Agawam, Mass. His father was one of the good New England farmers who gave' the boy the full measure of long hours and hard work and which finally induced him to think he could make money easier in the city. He began as a printer; the calling which has started so many famous men. After a good start he was obliged to give up that work because of poor eye- sight and engaged as a waiter in a restaurant. In this new vocation he soon showed his adaptability and worked steadily upward until he became pro- prietor. His early business locations were at Holyoke and Springfield, where he founded the Waldorf Lunch from which cities he passed on to Providence and Buffalo and in 1907 began his triumphant career as the builder of the Waldorf chain of Lunch Stores with headquarters at Boston, Mass. This business has doubled and trebled under his management; the last operation in May 1919 making it one of the largest if not the largest chain of Lunch Stores in this country. \Ir. Kelsey began his Real Estate operations early in his business life and h,t, , •' �, , ,( f'�, �,.•• � ��� l � 1•�}� ,, 1 ;li ulated in Central Real Estate. At i ..E%i1•S Alaalso a large • i,, ,xcellc:nt rl�l- vantage. \ Ir. Kelsey has also financed and developed.several sub -divisions. He is a member of Boston and Massachusetts Deal Estate Exchanges. Mr. Kelsey is Treasurer of the American Fox Breeders' Association and the proprietor of a fine silver fox ranch at Lexington, Mass. Twenty years ago he was head waiter in a Hartford hotel at 510.00 a week. Today he is Chairman of the Board of Directors of a S-1.500,000 system of lunch rooms and is developing 100 square miles of land in Florida adjoining Palm Beach \\ hich he bought last year. Mr. Kelsey's venture in the fox breeding industry was made purely through his love for animals. His ranch at Lexington is where his farm is located. a show place \where many are daily visitors. He has spent a for- tune in buildings on his farm and not long ago paid 8-1,500 for a pure-bred Holstein bull -calf. Some of the best thoroughbred foxes • in America are quartered at his fox ranch. Mr. Kelsey's son. Paul. a high school lad, is a partner in the fox ranch and the young man looks after many of the details of the business. Mr. Kelsey has now turned his attention to the tremendous opportunities lying in Palm Beach County. Florida. Retiring from the office of Presi- dent of the Waldorf System, Incorporated, to permit greater freedom of action and relieving himself of o ':ier business cares, he is now concentrating his superb energy upon the affairs of the East Coast Finance Corporation. Already very large operations are under way for further development of this great enterprise and the readers or this paper will be advised of them as they are being carried out. THE KELSEY CITY NEWS EAST COAST FINANCE CORPORATION . H. 1 1, 1 .1 1 liRl ►\11 I I:I.I > "I'I:I.I,"I', Po 1-'I'1) ,. .\\"I .\1I':, \\'I:s"1' / tone, and t ' 'i !r ! \furl rir rrr-rrt r'r :'Irrl: at,/ to StJ1llllltlte our ��: r'� t ('111 plo\'et'A 111 13o,!,')1, .Ilrl r:r :11 r'tl rl)ltl l'r1(1)1 130lr 1.', :\ddre, :Ill r'ro711i11l1111,111,)11b 1,, F.,111 ri•1:i1 I )ep:Irlilll'ilt at t'llhl'1" ( hficial Paper of Kelsey City. Palm Iil•ach I lore )r, City Country Chili and East Coast Finance Corp) )ran( n. SCIISCRIP'1'il►N ( )utslde \\,',t P:Ilm lit':Tell :111r1 fir)-trril, \lo--. r':)1' Subscription it rn price in \\"eft i':Iln1 lit o Ii an, I I \ 1.: ` 1 .1 11 i)eliyered lr\' ('arrit•r in \\'c•ot Pal::: iitor 1i . r 1'.rl :. li• :\dvertising 1::Itt•, mad, l;n �, it n :r( 1 1».)i00 . r .. Ill to reject any r)htt•r tl�ril:rl lr' :! l\r'1'il r'': r'tlt Foreign Su} r" ril•rt it rn Pric'r• 1 ..i11 p('r year The .l ssoritlted 1'ress is e.rrlusively entitled to the use for republication of all ne,cs dis- patches appearing in these columns. .111 ru,'/:ls of rep!(biication of special dispatches herein are reserved. Communications and remittances should he addr' '(1 and made payable to Karst Coast Finance Corporation. Editorial Over the desk of II. S. Kelsey in his private office at 44 Bromfield Street, Boston, the visitor will see this motto in a neat frame "If you are o11 the worry train Get a transfer. The cheerful cars are passing through .1nd there is Lots of Room for you (yet a transfer!" This is the secret of the success of the young man who is keeping the heals of New England, N evv York, and Florida wagging. He spends his time and energy in useful occupation. He has no time to worry. He leaves that for his more fortunate or unfortunate brothers; for all men are brothers to him. vvho are decent and square. Thomas Edison says: "Genius is ):)(; ,- work." Don't worry! Work! And if you want to know ovhat to do then, I say again Work, and again Work. One of the greatest blessings ever con- ferred uIx)I1 the human race is work. Few have the vision to see the end of the effort. All can and should have faith in themselves and in the fact that their Creator has promised them direction and guidance if they will make the effort. The development of the East Coast Finance Corporation is a TRE- MENDOUS undertaking. Every man in it must be on the job and in his place or he must step aside for the man who will be and who means to be loyal to H. S. Kelsey and the Corporation. LOYALTY "I' 11 I-. k I' Personal Items •-H till\ NI rs. H. t rt 0:npt par: to o 1 '11 }1 :Ilpn5 I :.. \lisp 1)icl<nin'n :r crt-111 \\'or- lil'1. 11111 tax records :il', favorite and -In' can go some ill:lli1111' up a pay I.udekin is going to show the folks up .11, Nursery hove to o grow :nine of thy ;lliliilil rrr-t's she to the .1y :)rkn r l:(v loot \\'inter. They \ r'ry oweet. 1t»- the \\'a\ \Tins i.ttcie- 1•:: slt•ll' r,gi':ll rin-r and writes an It is pleasant in every ofiic, to have :1 dignified womanly personalit\' acid \liss I3ald\\-ir1 tills the hill. She is a good stenographer and a better office assistant. \lrs. Colcutt has not been with us long, but already is full of loyalty to the East Coast Finance Corporation and saws she has sold herself some of the 8(; Preferred 1 stock l\' siimly writing, about it in the compiling of our new sugar Prospcctu's • and the July issue of the Kelsey Ci:•y News. \Ve hope she has also sold Mr. C'oleutt. She is a faithful and earnest Last but not least is the womanly genius who presides over the private door to the office of our Chief, Mr. H. S. Kelsey. Always courteous -giving to each his due. Miss Maclntosh is one of the most coti- I 1 / \I-\\ i Palmeach, lorida, 1,:ay 1, 120. Yr. Larry S. Lelsey, President East Coast Finance Corporation, ':`hest Palm Beach, Florida. Dear Jir:- After having gone thoroughly into your Lions Kelsey City, and having looked at opera at is y y, your proposition from every angle , I am pleased to endorse it in its entirety. To any one wanting an investment that is secure and one that bears every evidence of becoming a great money maker, I can heartily en- dorse the stock of the East Coast Finance Corpora- tion. New York, November 17, 1 S)19). Mr. A. R. Birchard •44 Bromfield Street, Boston, 1\lass. Dear \ I r. Birchard :- ou have asked my opinion of the pres- ,valuc, earning power and possibilities land holdings in Palm Beach Coun- scientious of secretaries. The day s are lorida, recently acquired by Mr. H. never too long nor the work ever ton ar-1. Kelsey of Boston, Mass. duous for her zeal and loyalty. May there.' In reply, will say I sold the first building be more like her. of ever sold in Palm Beach Proper, and ave had an office there and also in West Mr. Hill must come in for his share of.; alm Beach from that time until the pres- glory. He says he began as a boy pasting? ent, Nearly, or quite, two thirds of all on labels on bottles in a drug store and the sales of real estate at Palm Beach have now finds himself back again brush and been passed through my hands, and I glue pot in hand pasting East Coast Fi- have also disposed of a vast amount of nance Corporation pictures in albumsproperty in West Palm Beach and Palm for the selling force. Be sure they are in Beach County. right side up Brother Hill. I have familiarized myself very thor- It takes a many sided man to handle the oughly with Mr. Kelsey's holdings, and general supervision of the immense pro- tilting them as a whole, I believe today perties of the East Coast Finance Corpora- . that. the value of same is at least twice tion. Many times Dr. Clark has to use what he has paid for his property. the diplomacy of a Tallerand and the will Mr. Kelsey has one portion, which of a Bismark to put things across, but he consists of at least fifty square miles, for To every worker for the E. C. F. C. is given the enviable opportunity gets things done and done right. That . which I would readily be glad to give him of showing what he is made of. From Alfred who sweeps and dusts the is why he is always greeted with a smile ' four times what he paid for same. This by our President. a special property, I consider, as equal to office at West Palm Beach to the biggest men in the Sales and Officeany of the best farming land in the State force in both Boston and the Southern Division. This takes in all the Ever bright-eyed, solid, and substan of Florida. En , (irpentirs, lu ub s, Brick Makers, . Nurserjmlen, Super- tial. Such is Dana Kendall a s endid Mr. Kelsey's real estate holdings in i eve y o�boy a "` aid sixty represente.tive of the New Enkland` type Palm Beach ro It - Florida, todav_Ya.r, - -� - -- a .aie • qn t ibex erties in forgetting the men on the Saw' Mills, the Planing Mill and Fritz and Oc- land to other parts of the UnitedStates f, r <r tavia in the kitchen at the Big Commissary. We repeat. The enviable opportunity. It will mean something to us all to be able to say after this great work is finished "I helped do it." Remember it is the largest development of its kind in Florida and you are working for those who will appreciate your best efforts and give you every opportunity to mak good. - earning power of money invested and laid the foundation for successful Might in Palm Beach County today is very business and adventure. With a hun- large indeed, and Mr. Kelsey bought his dred such men one could conquer qny- holdings at an extremely low figure, where. Prof. Rane finds hiril an excellent assistant in his nursery work. Very truly yours, 1 // ,AA Profits on land sales have run very high, and the future should bring even better returns. Acreage near West Palm Beach, that was sold six or seven years ago at $50 an acre, without $ 1 being spent on improvements, 1I1 111ai1\' instances is worth at least $2,000 an acre today, and the possibilities in earnings to the 111aI1 with red blood, ambition, and some money, would be only measured by his activities. Immediately back of Pahl Beach is what is known as the famous Everglades, the soil of which is the richest on earth, and the greater portion of Mr. Kelsey's land is composed of this rich soil. He has acquired considerable lake front property, and ocean frontage, which is not suitable for cultivation, but which with the de- velopment that he intends making, will be very valuable for residential purposes, as this class of property is very limited in Palm Beach, and today commands a very high price. I have been developing property through- out all portions of the United States for these last forty years; was instrumental in the upbuilding of Southern California in its earliest days, and I believe that no place today in America offers greater 01)- portunity for the developer, than that of Palm Beach; Florida and vicipity, >�nd - if Horace Greeley were. ,alive today, lie '411• + ' -r mar., , I think if you were to write to any man in Palm Beach County, from the leading banker down to the smallest real estate man, they would say that Mr. Kelsey has TULY, 1920 the most wonderful proposition to make illoile\ of all\'llllilg 111 the �tatl'. Ito also has the good will of not only the City and County Officials and leading hankers and real estate men, but I believe of ever\ Mall 111 Palill Beach County, and he will not have to go outside of the County to sell the greater portion of his holdings, if he so desires, at enormous profits, as the peo- ple have. faith in their own community, and have plenty of money to buy with, and will be very liberal in their purchases with hull. Mr. Kelsey with his excellent a<lyisors is developing a General Plan of operations which if properly carried out, will mean a fortune to all who associate themselves with hint. There is Ito end to the possibilities of a proposition the size of Mr. Kelsey's, as it is one of the largest developments ever planned in Florida. He is a careful busi- ness man, has made much money in his own business and large profits from his previous Real Estate operations. Mr. Kelsey has the support of men of large means and his directorate includes men of experience in developing Florida Real Estate. I predict that his opera- tions will bring him a very large profit. 9 n v ery pleased to writoe,xpu thus fully, $or I have known Mr. Kelsey for .'me gears and of hia Real }�;sta.tp making money. I beg to remain, Yours very sincerely, (Signed) I,. If. Green. THIS IS YOUR NEWSPAPER - This little four page sheet makes its bow and wishes you to under- stand that its columns are open to you, our fellow worker, in the ranks of the East Coast Finance Corporation. There are about two hundred on our pay roll and we shall increase the number as fast as we can find the men and women who can help us to carry out the splendid program laid down by our President and his corps of assistants. There are many things under way. Some we are not able to speak of yet and a few are presented in these columns. There is something doing all the time and hardly a week goes by but new men are put at work in some one of the many departments of this vast enterprise. We will welcome suggestions from all and shall be pleased to hear from any who will be good enough to find fault with us. Honest criticism shows interest and because we have so much at stake and have made such heavy investments naturally we are more interested than anyone else in having every department of the East Coast Finance Corporation in first class working order. RESULTS What the whole world is waiting for. or working f()r. is results. whether you are an idler killing time or up and coming and right on the job Re- sults arc the measure of your effort. What Charles Schwab of the Beth- lehem Shipbuilding Company says he wants is a man who will work out a successful plan to further develop his industry; one of the largest in the world of its kind. Conte to hiill with the plan' carefully laid out and state just how Illuch money is needed to properly develop it. Then he can afford tb give it the time it properly should have for study .(11(1 obser- vation; work it out.a little if necessary and when ,11 ) 111111 One or Ten 1)«Illais} 1:::� l?:11 ill«' :!i:l Ilr 1 pr«1«ltic at a certain tiI11e. 13tit lie' ]must 1 le' a big an, I14;11 111a11 51 that he can t'(1I11- plete the job without taking the time of Mr. Schwab. The East Coast Finance Corporation is looking for men of this character and can afford to pay them well for their services. HURRAH FOR THE BRICK PLANT It certainly seems good to hear the whistle blow at the Brick Plant. It cost us 1111,000.00 but it is one of the finest in the country. The profits are good. Cost of production is about .l 1f l per thousand and the finished brick sell easily for $2s.0(1 to 311.1111 per thousand. Con- gratulations to Messrs. Cleary and Bartow. Bring on the next industrial plant Mr. Kelsey. SUGAR IN FLORIDA Come on everybody! Let's wake up on thi; sugar question. The truth is so plain that one who runs may read it. First, Florida has the soil and climate necessary to raise the largest crops of the best granu- lated sugar. It takes sixteen times as many men to raise 1000 tons of beet sugar as it does to produce 1000 tons of Cane Sugar. It takes fif- teen times as much money to raise 1000 tons beet sugar as it does to raise 1000 tons of Cane Sugar. Nov everybody raise sugar cane and let's have enough sugar. The world must keep sweet and good natured. Our Engineers are a good bunch of fellows. We owe them much gratitude for laving down the lines to keep us where we belong and so prevent trouble. It will, be great when they have been able to finish their surveys, etc., so that we can get a whack at selling the land, etc. Mr. Pratt can reach the furthest but we rather think that Friend Holdslaw would beat him to it at that. "Leave it to me" says Mr. Halsey in charge of the selling force, but we really do not see how he could look in the glasw were it not for the good offices of A. H. �` Williams who so far leads with Q. A. Lothrup a close second while G. J. Hig- 4 gins is coming down the track. But wait until Harden and some of those other fell, lows get their harness on. Then, Oh then the rest will have to get up and hustle. ' We are satisfied this issue to merely . extend a hearty welcome to our new Di- rectors Donald J. Ross, Donald M. Hill, and James H. Kendall, and our new Secre- PI tar\• Rollin T. Lincoln. Suffice it to say ' r they are faithful and diligent in season and out of season and just now are pushing along a splendid Golf Club House A Picnic Day at Munyon Island and Courses at Kelsey City. More neat One of the most enjoyable events in month. e life of the tourist while in P<<1sr. Bea. 1: • Cont\ is picnic day on \I111]\-oIl 1. has well Thius l,eauty a spot is located in the northern tan�lin;; and reputation sligind of Lake Worth and is twenty-two 1• inance C i1•j,r r!"tt I� 1 i team Of WVcst Palm Beach. J. G. Whiting, than which no more genial or more urbane salesman lives, has secured the highest position on the Honer Roll of the East Coast Finance Corpora- tion for \Iay. Long life and greater cess t«) J. G. W. Captain and Mrs. Glancy and you:* Corporal Glancy have brought the Cori' tllissary and General Store up to a fine state of efficiency. Fritz and f)cta\ia direct the kitchen department and already the boys ar«- calling for the up-to-d::te concoctions. Few corporations possess men of the ability of Prof. Frank \V. Rane, the Treas- urer of the East Coast Finance Corpora- tion. A gentleman to the manor born, a master of horticulture and a propigatat of the first class. We will soon have a nursery to be proud of and our fields old sugar cane under his management avid direction will give us large and valuab yields. acres in extent. I t i; near the Garden of Eden as any location «.,nld be. I)r. Munyon, who for years was the owner ! \luoyon's Proprietary Medicines at gPhila«lelphia, Pennsylvania, spent large ums of money upon the island. He first 4 built a coquina sea wall around it about tfive feet in hciht, and next stocked it 'with every kind of tropical shrub and tree. A -:.-:tee was installed, the water lipee;lg brought from the mainland in pipes through the lake to the Island. A large ,and ,autiful residence was then erected and Dr. Munyon was wont to bring his many friends and associates to this lovely ;place. It is about a half hour's ride from 'Nest Palm Beach by water and is reached Thy all kinds of craft --row boats, motor ',oats, sail boats, and yachts. Dr. Munyon planted around the Island Abossit ten feet from the edge of the water row of beautiful cocoanut palms. Many f these are twenty-five feet high and they :re now in bearing, cocoanuts being found aitinually on the ground through the bacon as they fall from the force of the Find. Can you imagine a location where nature smiles upon you continually? It soon passes and is followed by beautiful sunshine. The flowers and shrubs are . blossoming continuously. The gem of them all is the Royal Poinciana Tree, which when fully in bloom entirely covers the green leaves with its magnificent red blossoms. There are orange and grape fruit trees and one can pick the fruit ripe from the trees during the season. The pictures describe an actual event. The tourists are the family of Mr. James H. Kendall of Holden, Massachusetts, and \Ir. and Mrs. Charles Batchelder of Som- erville, Massachusetts. We see them leav- ing the wharf in the motor boat, and after a short beautiful sail gathered in a little bower on the Island called by I)r. Mun- yon "The Fountain of Youth." enjoying their lunch. Mr. Batchelder is not to be seen as he took the photographs and gave their to the editor. Mrs. Batchelder may be seen under the Poinciana tree. Write Mr. Kendall and ask him if he enjoyed the trip. Munyon Island is soon to be connected with the 'mainland by a bridge and cause- way, plans of which are now under way and one can walk with rubber boots on from the mainland to the Island with the ex, r ption of the channel, which must be i.r ;,,•1 the ',rags which pass rtlr :,r �i ,nuth ul, the inland waterway to St. Augustine. Munyon Island is near the mouth of the Indian River water way which runs along the entire east coast of Florida, emptt ing into the northern end of Lake Wo-th. The boat voyage either north or south is so beautiful as to practically he beyond description. Lake Worth is the fisherman's Paradise and the inland stream is stocked with all manner of fish which have access in and out, first from the ocean to the lake, and then from the lake to the Indian River. A yacht trip along Lake Worth always includes a trip to Munyon Island and as the north and south channel runs west of the Island, all boats that pass through this channel must pass the Island. There will be builded wonderful Japanese bridges, and Venetian effects; gondolas pi -ripened by gondoliers will sail the waters of Lake Worth while electric lights flash in the palm leaves as the soft summer breezes swing the branches to and fro. The atmosphere of this Island is one of pleasure and delight. No visitor in this section should leave without taking this trip. It will take from one-half to a whole day but it will well repay the effort. JUL1', 1920 Wonderful Fruits and Vegetables in Palm Beach County GRAPEFRUIT \owliere else are yr:(l,efrltit rr,,.',?, tt. approach the (lil:dil_.' of th(, e• pre,d'1• in the southern half of 1'1, iela, located the holdings of the t I'irlaTl( (• Corporation, and ?}1'• ;,re,- dtle tiOT1 Of all other t r T ion - (,f the Union that pretend to ;grow. ;;r:,pefruit \will not approach the wield of southern Florida. To one unfamiliar with the large yield and fine grade of grapefruit r:ti,e:d in P:t'.rll Bea('h County, it would 'rein in( redil,le , but the well -cared -for (groves offer many opportunities \wh( re ;t per on e :tn (,n,-half 1,1i>hel • Of }r:,1„•freli7 fr'.... hurl) of :t tree arid 1,:,'. at -kin like kid le:,rl:'r :,!'.. ' with a pulp:, ORANGES No part of the .\nierie:(n continent produces a (lu:tlit .• of fruit equal to that of Florida. (' mlp:tre•d with the Califor- nia product, it is thin-skinned, heavier, juicier and more highly flavored. The orange grove: of the late 1)r. 'food, is considered to he worth nearly an acre. The land of the Corporation :tlrnost entirely surrounds this particular grove. \Witt n it is considered that this land was purchased at a price of less than 820 per acre, one can realize somewhat the possi- bilities in profit which (.:tn be anticipated 1tv the Common sto('kholders after the Preferred stock has been retired. In the following table showing fruits and vegetables produced ed in Palm Iicac'h Coun- ty (one of the last to be settled), this c'ounty's production headed the list over all other counties in the State of Florida with the exception of those products marked with star, which took second place, have gra-- pity quality with Bermuda ;gr:,, fair" green-. In addit i(,n to ministering to all the wants of the hopelessly enslaver} golf lend, the pr()1,e,.1•r] development lelpment o•. IN e.],(... (•i• • }iri,11;11 t1 .:.edi'im of the• •1 11 1 k 1' C'I-I l \ 1.;\V S 11,11, c•e,tlntr\- l' I It b is e'„illpll•te• \vithout a It TITIIs (()i111, all 1 \Ir. Ilos; is making provision for :t large mind) r (1f ('ollrts. Polo nl:tkcs a big appeal to the class of visitors wintering in 1' 1 o r i (1 at and there \will be every opportunity to in- dulge in this sport. 1 p o 1 0 belt.] is 1) e i n )2; set a sale, and atnlple stable accommodation will be provide(] for ponies. To meet the in- creasing demand for saddle horses, the Company plans to maintain a livery of the highest class. Bridle paths are being laid out on 1ltlnyon's Island, and on the main- land there are miles of good roads for those who drive. Orange Grove of the Late 1 'flood in Palm Beach County Miles of Irish Potatoes Growing on Our Demonstiation Farm, East Coast Finance Corporation Florida the Natural Sugar Bowl of the United States Sug;ir, t'el ;is ;i necessity. The .\•.,:e•:c;(I1 pt'eel"t' are the ,'cased to exist as a sugar 1 producer" of importance, :Ind cannot t't11111' Iack. is never It Can lit' sho\w11 that, beCallsn of ills' Many 11;111Ililg factol's itt the not norlllc:il production of commercial sugar, there is hut one place oil the entire globe, which rcatest 1s free from lrllport;lilt limiting factors and \-t't has ;1 sufficient area of kind to - pI'oduce fully matured crops of sugar Cant'. t"Or tllt' economical production and illar thy t•;,•1'1 71:1111011 tOTIS of sugar .:1.1\ required ie\' .1111e1"- 1 '•:' ': �' within ten years, i11 :lddl• :'• i;. available sugar from all sources i over ‘an,l over t,()($t,t)l)() thins of which is re - one ieilli„n dollars Haired now and that place is the Great ;lilllll;llly to the .\Tllcrlc;lil Sugar Pt'ininsula--Florida. products of South - Lyman eastern N o r t ll .\?llerlc;t --where 1)1) per tent of the .\inerlcans It ill (' a 11 s an American salyiilg on sugar alone of over 11(1(1 million dollars yearly, which in about 20 years will equal the live I,ilt- ert v I,oails. And it means ail annual saving of S'.k1 for each illan, \vOi11a11, and child in Amer- ica. It is an estab- lished fact that the production of the worltl's sugar pro- duct was not equal to the demand be- fore the War, and that as a result of the European War, the essential ele- ments of a great European sugar in- dustry have disap- peared, and that Europe has per- ?ll�\\ I't COg- Every ill;iil, u 111:111 ;lild child illtiSt. h;l\ e sugar in soille torlil or tltllt'r. It is the greatest muscle forming food there is :lilll :is a f,r,ducer of human Hirer' and energy 1t has no superior. T11(' illailllfacture of Sugar is ;1111oitg the most profitable of ally; the records of the lealllllg t'Otllllaltlles prove that 011or1110ils fortunes are being made by those engaged i11 its production. No business is illore staple and a total faiiiva' lif ai sug:li' crop 1s unknown. WC ,hall raise' our cl\wll rattle and talk ' and refine our own sugar. \\'e have nntw over acres of Sugar rant.' planted and shall have over 1,000 ,errs planted within one year's time. We believe than within three years we shall be producing refined Granulated Sugar in large clttat.ntities. With an available acreage of over 50,000 )u acres planted in Sugar Cane ittd basing our figures on a very conservative pr(,- duction the profits would be aitnualln over $5,(0O,00(). This will be only one of the number of highly profitable indus- tries owned, controlled or operated by the East Coast Finance Corporation. The largest cattle in the world are those of Porto Rico, grown on Para grass, and those of South Africa, grown on Natal grass. All of these grasses grow luxuri- antly 1n Palm Beach County, Florida, and in fattening qualities are far superior t(, alfalfa and will produce more tons per acre. There is an unfailing supply of pure soft water in all parts of the property. Oats, barley and rye can be grown in the winter time either for green feed or for grain. Palm Beach County will produce two fully matured corn crops per year, and three have been grown successfully. The bat;: i, c rops.4such as: Potatoes, To - bagel, Carrots and Parsni matoes, Cad ps, 1 ,,;,1,! 1. t ' ' r.... 17: z. i•l nt Tt .••irtir 1 w ere -greatieieid5 may be had. Truly • Florida is the farmer's Paradise. It should be a land flowing with milk and Honey. God has provided the where- withall, the wonderful climate, the smooth ) level land where a machine can do the work of twenty men. i Here is the great opportunity for the farmers and for the man with a family who 1 has a little money and who is willing to work. To all such we say "Coale to Kel- sey Citv, West Palm Beach, Florida," Cal )1 >age *Irish Potatoes Tomatoes ( )nions Squash Eggplant Peppers English Peas Beets String Beans Lima Beans Limes ( )ranges Pineapples Bananas .14,kagoes Sugar Apples *Sapodillas *Guavas Cocoanuts *Grapefruit There are twenty-two varieties of vege- tables raised in Palitl Beach County used by elan (1(1 domestic animals as food, an(1, being staple commodities, are always 1n demand. There are more than twenty varieties of fruits, each in demand in its season in the markets of the world. Here, then, we have nearly one hundred soil products, which cover the whole range of food for elan and beast. For every item which goes to make up each of these several classes of products, there are many op- portunities, for every product will be im- proved by higher development in the utili- zation of modern methods. Florida is growing; note the contrast. In 188(1 there were 2:3,438 farms in the State of Florida of all sizes. valued at $20, 291,8:35; in 1915, the 55,0(10 farms were valued at $188,3(N),(X)(). The ligures for live stook for the years 1917-1918 are :1];62,5 7 :3,:3 7 3. Crates Va1uc 22,635 :333,825 4:30,842 62,694 27,198 208, 9:3:3 :3:37,747 24,669 4:3,483 340,0:32 4,65( ) 4,491 58,291 59,(xx) 7 ,23:3 4,344 228 9460. Gbts (i,489 48,720 nuts :3,222 82,819 boxe, 195,622 3:32,1(i1 545,243 2,314,018 1:30,12:3 53,882 386,541 547,924 �...- 32,670 72,606 717,4:35 7,450 15,6:34 117,223 92,975 9,(i7(i 12,325 666 10,712, 8tid l I I,(I-') Golf, Tennis, Polo, Horse Back Riding, Trap Shooting Convenient to the township site and to the hotel to be built on the beach front, it is proposed to lay out three 1S-hole Golf Courses, all starting and finishing at the Country Club. The development of the Country Club and the golf courses are in charge of Donald ,j. Ross, who designed and constructed the celebrated Pinehurst courses, and many famous courses in the North and has to his credit all the well known courses i 1 Florida, -the Palm Beach Country ('liil, th( l:"\:(l l'.t'• - ('ountry ('lulu of \1.., at t6(•ll((rir, the 11,(\ i"11. ( r\ t the Fort Myers Country Club, :Ind the St. Augustine links. The proposed Club House is to be built on the mainland shore of Lake worth, set well back from the lake and surrounded by great lawns and a grove of palms. The architect's plans call for a magnifi- cent structure, and no expense will be spared to make its equipment perfect. It will contain reception rooms, a high class restaurant and hall room, dormitories with forty sleeping rooms with baths, anti five hundred nlen's lockers and one hun- dred and fifty women's lockers; its broad verandas overlooking the lake, \lunvon's Island, and in the distance the blue Atlan- tic will provide for guests an ever -changing panorama of great interest and beauty. It is hoped that the Club House will he - come a community center where members of the cottage colony and guests of the hotel will gather daily for sport, rest, and recreation. •...ii''.�AYfC�A/. /l".. . Inspecting and Buying Sugar Cane for Planting, East Coast Finance Corporation. The I )ixie Highway passes through Kelsey City and motorists will find for their convenience everything a first-class garage can supply. Those coming by yacht or motor -boat will find at the Club House a pier which offers docking facili- ties and a safe anchorage. No resort in Florida, outside of Paltn Beach County, can boast of such splendid ,opportunities for boating and bathing as will be avail- able to our visitors. The Company con- trols the entire northern end of Lake \\'orth a0(1 sixteen miles of beach front on the open ocean. To this unique spot on the East Coast, which Nature has favored with lavish Hand, man, therefore, proposes to bring all the luxury :Ind co itfort of his civiliza- tion :old to establish here the. «orld•s newest and finest playground. Nature beckons to her children of the North to come here to work and play in the open air, where blue skies :ln(1 warns sunshine give promise Of health and yig' (i . He wh„ answers the call cannot fail to return to 1lis ,vork refreshed and restored, :t better elan and a More useful citizen. \latev- followers of Trap Shooting, who for the past several years have been spend- ing :t part of each winter in Florida, hay, expressed :1i1 ( ,pinion that :( "1'r:t;' she „ ), , h('.'1 111 it ;its :d' .:l , li 11.:(;,• \, .. ,i • \1, r(' could be n:ad, \\ ilerc1'v the exl',..se this ai1i111a1 event would be shared in su( is a way as to relieve the lover of trap shoot- ing of a part. This has been accomplished with the help of NIT-. H. S. Kelsey of Bos- ton and \V-est Palm Beach, Who is a thor- ough sportsman and lover of the big ()lit - of -doors, and at the present time he is interested in building an empire in the most favored location 1c1 the United State,. Palm Beach County, Florida. Kelsey City is located in Palm Beaci: County and offers various other attrac- tions that may be enjoyed by the shooter and his family and friends. The fishing is the finest in the world including tarpon, king tish, and sail fish, and all kinds of hunting as alligator, hear, wild hog, pan- ther, turkey, and quail. It is only six and one-half miles to Palm ,Beach, the garden spot of Florida, where the ladies and those shooters who wish, may enjoy all the social attractions. Planting our first field of sugar cane. Over seventy-five acres now planted, East Coast Finance Corporation Sugar Cane from 8 to 15 feet high gr'xe lg in Palm Beach County ' Field of Sorghum and Northern Corn about six weeks' old. orn on Demonstration Farm Finance Corporation Physical Assets Industries, Commissary, General Store and Dairy This great property bought at a low figure and possessing immense physical value is for a short time only, available to the investor through the purchase of the 8 (; Preferred stock of the Corporation. Very soon the allotment of five thousand (5000) shares of 8(, Preferred stock carry- ing a bonus of 30' ; of Common will be exhaust ed and then a price will be charged for the Common stock. The industries already located and at work are as follows: Two saw mills are located among our heavy timber. "I'wo more are ordered. These first mills, it is estimated can remain in their present location for two years. It is believed that at least S75,000 of profits per year will be realized from the lumber, and in several tracts the lumber will return much more than the original cost of the property. Some idea may be formed Of the duality of the lumber we arc producing by viewing the timber in our various buildings already constructed. Tlit• 1 it. ( )ur up -to -(late planing mill handle all our timber from the sa . mills and pre- pares it for use. A sand -lime brick plant --One Of the largest in this country is now completed at Kelsey City. This is capable of turning out 4(►,O0N) brick d::ily. It is estimated :... 71:( profit from tilo l,lant be more Cnan 81(111,(NX► a year. Three large steel _.Minders 56 ft. long, 7 ft. in diameter and weighing 16 tons each. are used to bake the brick, eaeh cylinder having a capacity 'f 1.1,(XX) brick. The lime is imported from the Florida Lime Works at Ocala and the sand used is that found on the propert-.. at Kelsey City, which is in sufficient quan- 'ities to run the plant indefinitely. The prepared brick are baked from 8 to 10 hrs. by hot steam and are subjected to a pres- sure of 125 lbs, to the sq. in. The quality of these brick is most excellent as they com- bine the properties of both building and fire brick. The bricks are made in four beautiful tints: white, gray, huff, and a Moorish red and they will not absorb more than eight to ten per cent of mois- 1 f ture. They are extremely durable and each brick will stand a pressure of 125,(X)(1 pounds. The plant covers an area from 106 to 126 feet for the main building. The cost of the plant is 811),(0). The manufacturing cost is estimated to be S7.0) per thousand and the selling price at the present time at \Vest Palm I3carh is 828.0() per thousand. One of the most interesting develop- ments is the nursery and propagati,) house. Under the wise direction of out Treasurer, Prof. Rane, we shall soon have one of the most approved and up-to-date nurseries in the country. His broad ex- perience in growing and propagating all kinds of plants and vegetables, make him an ideal director of this work. No other part of this country offers the wonderful opportunity afforded here where sunshine, climate and soil, work together for quick and abundant yield. We have already grown under lathe cucumbers for :Northern markets, potted plants, (lr(0rative ferns, .-mall orange, and grapefruit trees, and :.•1r er.. l,rodu('ts adapted to a tropical li:nat(:. .1 large commodious building ha, been (•rented for our engineers where the, drawings and blueprints of our build- ings arc made and kept. .5 commissary for the proper feeding of our mechanics, engineers, and white la- borers has been constructed. Here, one hundred men can eat, three times, daily. Fifty have commodious sleeping quarters provided for them. Our genial Gen. Supt. J. D. Clark, NI. D., is a specialist on Holstein cattle add knows the pedigrees of that breed from cover to cover of the register. The Kelsey City Dairy equipment is his pride and it is a model for the entire South. No better barns or pasteurization plant are to be found anywhere in this country. These buildings are built of concrete throughout. Each barn, of which there are to be four, is to house fifty registered Holstein cows. Each cow has an indi- vidual drinking fountain, separate man- ger, and a barn up to the minute in sani- tary arrangements. Milk is selling now at 35 cents per qt. and last winter during the tourist season $1.25 per qt. was paid for one special cow's milk. 4 THE KELSEY CITY NEWS JULY, 1920 East Coast Finance Corporation East Coast Finance Corporation (Rfn.no.nri,.�, � (./ Ll, /u.:nr; Corporation) The Largest Development of its Kind in Florida The East Coast Finance Corporation was formed to acquire and develop land into townsites, winter resorts, sugar plantations, cattle farms, citrus groves, truck farms and industrial sites in Palm Beach County, Florida No. 1. First residences at Kelsey City on Lake Front. No. 2. Our well equipped Planing Mill finishing lumber from two saw mills. Two more new mills will be ordered soon. No. 3. Two of the four proposed barns completed, and Pasteurizing and Ice Plant in the centre. *No. 4. Seventy-five acres Northern Field Corn seven weeks old on the Demonstration Farm. *No. 5. Field of nearly ripe Tomatoes. *From photographs taken May 6, 1920 Profits from Sugar Very Large We have available from our large holdings over 30,000 acres of selected sugar -cane land that will be developed gradually. We plan to grows our own and ru111':(' ()ur �_ `.\ :': li.i; and we believe that with a 1()()() ton per day mill and an up-to-date equipment, the growing, factory, and refining opera- tions should show a profit large enough to pay the .tics dividend on our Preferred `t,oc•k and retire a substantial block of Preferred Stock lI year from this operation alp one. The t(m-nsite of Kelsey City. of over '(►l) acres fronting on Lake Worth, is about ready to commence the sale of attractive home sites. The lake frontage of eight miles and townsite together will, without doubt, pay for the cost of the entire holdings of the Corporation. An industrial center has already been established and three industrial plants are now under construction. This conservative 8% investment carries with it the remarkable opportunity to the investor (through his ownership in the Common shares given as a bonus) , to participate in the enormous profits now being made in the development of Southern Florida —the fastest growing section of the United States. Enormous Profits from Florida Investments Land is appreciating tremendously in value in Palm Beach County. Every one knows of the mil- lions made by H. M. Flagler in Florida lands. L. H. Green, the veteran real estate broker of New York City and Palm Beach, has made enormous profits for hundreds of investors; while the huge profit of 400% was made on his Bradley subdivision, in many instances he has doubled this amount. Dr. Mun- yon of Philadelphia sold at public auction, at a profit of 2650%, property which he held for only five years. A. F. Huston of Coatsville, Pa., bought at $30,000 and soon found his holdings worth $300,000. Prop- erty held by Sidney Maddock a few years ago at $18,000, sold for $150,000 this season, (1920) and the purchasers realized a profit of 50% in 3 days. Many hundreds of instances of this nature could be cited. 2. Common Stock Has Great Possibilities ADD TO THE FOREGOING THE FACTS THAT THE PROPERTIES OF THIS CORPORATION WERE ACQUIRED AT VERY LOW FIGURES, THAT THE CAPITALIZATION OF THE CORPO- RATION IS SMALL IN PROPORTION TO THE MAGNITUDE OF THE PROPOSITION, AND THAT DEVELOPMENTS ARE BEING RAPIDLY PUSHED BY THE CORPORATION, AND IT MAY BE READILY SEEN THAT THERE SHOULD BE VERY LARGE RETURNS ON THE COMMON STOCK Below is a summary of the salient points: 1. Mr. Kelsey and associates paid approximately two million five hundred thousand dollars for the properties, which they turned over to the East Coast Finance Corporation at cost taking there- for only Conunon Stock for their interest. It is conceded by the best real estate authorities that if the corporation holdings were appraised to -day, they would be worth more than double their original purchase price. 3. This Preferred Stock offering of three million dollars is more than covered by the actual prop- erty value today. 4. The. Preferred Stock must be retired at par, plus S% dividends, before the Common Stock can share in any profits. This Offer Is Limited to the First 5,000 Shares, and Will Be Withdrawn on or before September 1, 1920 5. The investor in the Preferred Stock receives one share of Common Stock as a bonus, with every two shares of Preferred. This offer is limited to the first five thousand shares of Preferred stock sold. 6. Mr. Kelsey has recently resigned as President of the Waldorf System Incorporated, that he might give his entire time to the East Coast Finance Cprporation. Abstract title anti legit WOM connec te'LI"r!t?i`The . v ,...,. ., r I .• kJ) E. J. L'ENGLE, ESQ., LAW EXCHANGE, JACKSONVILLE, FLORIDA Holdings Now Worth Much More Than Price Paid for Them It is conceded by the best real estate authorities that the Corporation holdings were purchased at very low prices and are among the choicest in Palm Beach County; that if appraised today they would be worth more than double their original purchase price. Management This Corporation was organized and financed by successful business men, and is being managed by them. Their entire stock holdings in the Corpora- tion are confined to the Common Shares. Not one dollar do they derive from the profits until the inves- tor in the Preferred Stock has been paid in full plus 8 per cent, cumulative dividends. With the excep- tion of the Treasurer, the former Massachusetts State Forester, who devotes his whole tirne to the Corporation, no officer receives any salary. Properties There has been purchased froiii (i 1 individuals and estates the following properties : About 120,000 acres of fertile land and timber tracts, starting in the rear of West Palm Beach at the South, running to within one mile of Jupiter at the North, a distance of 17 miles, being 9 miles wide in many places. There are 16 miles of ocean frontage, beginning at Jupiter Point at the North and running intermittently to Fort Lauderdale at the South. Over 8 miles of lake frontage and several is- lands, including Dr. Munyon's 22 acre Island, taking in the entire North end of Lake Worth. The 800 acre townsite of Kelsey City, which is six and one half miles north of West Palm Beach on the Dixie Highway and Florida East Coast Railroad, and bordering on Lake Worth. Earnings Have Already Begun Two sawmills are already in operation in the woods and two more are ordered. It costs about $30 Pei thousand feet to produce the lumber, for which we have ready sales at over $50 per thousand. The first mill, it is estimated, can remain in its present location for two years. It is believed that at least $75,000 profits per year will be realized from the lumber and in several tracts the lumber will returi . much more than the original cost of the property. A sand -lime brick plant has been erected at Kelsey City, which will turn out forty thousand brick daily. It is estimated that the profit from this plant will be more than (10.000 a year. THESE PROPERTIES WERE TURNED OVER To THE CORPORATION AT EXACTLY THE PRICE PAID FOR THEM BY H. S. KELSEY AND ASS0_ CIATES, THE ORIGINAL PURCHASERS OF A substantial part of the purchase price of the properties, which is nearly S2,500,000, has been pad in cash: the balance may remain on mortgage. pay-_ able yearly for a period of years, or may be t.iken up at the option of the Corporation. Thcs, i1sortgage payments and the cost of developing the property such as building streets. sidewalks, bungalows in th@ townsite, roads, bridges, hotels, orange groves, SThp and cane sugar mills, industrial plants. etc., w1V be met through the sale of this Preferred Stod and from the earnings of the Corporation. and after the - present financing of the Corporation is comp� le .� , there will be no funded debt or mortgage on the e , 1111 tire properties. -�-� $3,000,000 Par Value $100 Eight Per Cent Cumulative Preferred Stock Offering Available for issue at par and until further notice $2,500,000 Transfer Agent, Massachusetts Trust Company, Boston, Mass. Preferred both as to Assets and Dividends To be Retired at par and Accrued Dividends Before any Dividend is Paid on the Common Stock 75,000 Shares Common Stock —No Par Value With every two shares of Preferred Stock, one share of Common is given as a bonus. This offering is limited to the first 5000 shares of Preferred Stock sold Officers and Directors President HARRY S. KELSEY Treasurer FRANK W. RANE, B. AGR., M. S. Directors Secretary ROLLIN T. LINCOLN J. B. McDONALD, West Palm Beach, Fla. PERCY E. WOODWARD, of Loudonville, N. Y. President Consolidated Realty Company Director Palm Beach Bank & Trust Company SAMUEL L. BICKFORD, of Boston, Mass. Vice -President Waldorf System, Inc. Director Manufacturers' National Bank, Cambridge, Mass. Director Witchcraft Photo Play,, In, DONALD M. HILL, Boston, Mass. Trustee William H. Hill Estate, Boston I , i '-ector Boston Insurance Company, Boston President k,.nfrew Manufacturing Company, Adams, Mass. Treasury- Laconia Car Company, Laconia, N. H. THOMAS F. AHERN, of Providence, R. I Real Estate Operator Dire_•to- \Vo::,lorf System, Inc. President Dexter Realty Trust FRANK W. RANE, B. Agr., M.S., of Boston, M Ohio State University, Cornell University, W. Va. University, New Hampshire College, Fellow A.A.A. Ex -Massachusetts State Forester Proprietor Boston Gardening Company Trustee Kinwood Realty Trust, Albany, N. Y. President T. M. Walker Company, Springfield, Mass. Kinney & Woodward Company, Albany, N. Y. President Waldorf System, Inc. JAMES H. KENDALL, Holden, Mass., Retired Formerly of Edw. Kendall & Sons Boiler Works \'i( (-President Baldwin Chain and Mfg. Company, 1Vorcester, Mass. OSCAR F. N EY, of Albany, N. Y. Director Waldorf System, Inc. Director Boston Casualty Insurance Company Kinney & Woodward Company, Albany, N. Y. DONALD J. ROSS, Boston and Pinehurst Golf Architect Superintendent Pinehurst Sports ass. HARRY S. KELSEY, of Boston and Palm Beach Founder Waldorf Lunch System S. Chairman Board of Directors, Waldorf System, Inc. Real Estate Operator Member Boston and Massachusetts Real Estate Exchanges Address all Correspondence to the Corporation at the Nearest Office OFFICES : 213 Clematis Avenue *"WEST PALM BEACH, FLORI 44 Bromfield Street DA BOSTON, MASSACHUSETTS