A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 107
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THz Crrr or Houwmn, TZAs 107
Exi Burkitt, active imce president; Horace Booth,
Ge W. Biddk, W. R. Alliso, Monta J. Moom ,
W. H. Gill, H. H. Si ons, John L Fotr,
John S. Callaway and L E. Burt, director
The Continental Trust Company (without bnking
privileges) is now in process of organization,
here in Houston. This is to be one of the greatest
and most powerful trust companies in the country.
The capital stock of the company will be $1,000,000.00,
while there will also be a paid-in surplus of
$1,000,000.00 The prospectus of this company
gives so clear an idea of the functions of a trust
company, and particularly of the objects of the
present company, that the following liberal extract
is taken from it:
"The Continental Trust Company (without
banking privileges) of Houston, Texas, has been
organized to assist in supplying the urgent demand
for a place of sufficient magnitude and strength to
which application may be made for absolutely good
first mortgage or vendor's lien loans; where per
onseeking invest ts may expect to find good
securities in amounts o ensurte with their repctive
mes available for employment; being a
medium where the borrower and invesr come together;
also where reliable information concerning
1Iative values of property may be obtained with a
view of creating cloer relations with Eatern and
foreign connections to the end of filing a disinct
need incident to the upbuilding of a country already
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Young, Samuel Oliver. A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912, book, 1912; Houston, Texas. (texashistory.unt.edu/ark:/67531/metapth24649/m1/121/: accessed August 23, 2017), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .