A thumb-nail history of the city of Houston, Texas, from its founding in 1836 to the year 1912 Page: 108
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108 A THUMB-NAL HISTORY or
demonstrated to be resourceful and rapidly increasing
"Practically every city in Texas is experiencing
a large demand for gilt-edge first mortgage and
vendor's lien loans, and trust companies in Texas,
which are only a few in number, are unable to supply
but a small percentage of such demand. * * *
The powers which the company will exercise are
those of the soundest institutions of this character,
omitting banking functions, and especially the receipt
of deposits subject to check. It will act chiefly
as intermediary between the investor and the borrower,
between capital and those who need capital
to develop the resources of Texas. Its profits will
be derived from expert service which it will offer
the investor, together with the assurance of its large
financial responsibility in placing and safeguarding
funds; and to those needing capital, by furnishing
a market for securities and rendering assistance
neceary to place them in such form as will
make them marketable."
Mr. S. F. Carter, president of the Lumbermans
National Bank; Hon. Jonathan Lane, Mr. John
H. Thompson, vice president and general manger
of the Guarantee Life Insurance Company of
Houston; Mr. James F. Sadler, Jr., and other business
assoiates of these gentlemen are prominent in
organizing this company, so it is quite evident that
its success is urd
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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/m1/122/: accessed May 24, 2018), University of North Texas Libraries, The Portal to Texas History, texashistory.unt.edu; .