The McGregor Mirror. (McGregor, Tex.), Vol. 42, No. 47, Ed. 1 Friday, January 23, 1931 Page: 3 of 8
This newspaper is part of the collection entitled: The McGregor Mirror and was provided to The Portal to Texas History by the McGinley Memorial Public Library.
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the McGregor mirror McGregor, texas Friday, January 23, 1931
AGAIN FOR SALE
f Texas Power & Light Co.
PREFERRED
STOCK
S.
Each Share Pays Nearly 6%
yTOU would be $735.00 richer today if you
Y had invested only about $1,000 in our
stock about ten years ago when we first
offered it to local people. In that time your
shares would have paid you dividends amount-
ing to $735.00. And consider this:
You would not have had to do a tap of work
for that $735.00. Do you know of any EASIER
WAY of making money?
To our customers and other local people we
are selling shares for $102.00 and accrued divi-
dends per share. This means that you will get
nearly 6 per cent on your money by investing
your savings in shares of our Preferred Stock.
Every three months each share pays divi-
dends amounting to $6.00 a year. The dates for
paying dividends are February 1, May 1, August
1 and November 1.
OUR PREFERRED STOCK IS SAFE
This stock is NOT a speculation. It is not an
uncertainty, not a mere possibility. There is no
guesswork about it. Texas Power & Light Com-
pany has been supplying electricity to a large
territory in Texas for many years. It is a suc-
cessful, firmly established company. Its proper-
ties, worth millions of dollars, are dug, spiked
and cemented into the ground. This company is
a home enterprise. It is deeply embedded in the
every-day life of the cities and towns it serves.
As they thrive and grow this company also is
bound to grow. As it is a home company you
will always be in touch with its growth and
progress.
MANAGEMENT
It is important when making an investment, to investigate
and assure yourself that the management of the company or
business is reliable and efficient. "We, therefore, respectfully call
your attention to the following local Directors who manage
and control the policies of the
TEXAS POWER & LIGHT COMPANY
FRED S. ABNEY, President, Citizens National Bank, Brownwood, Texas
E. L. ASHCROFT, President,, First National Bank, Sulphur Springs, Texas
W. R. BRENTS, Chairman of Board, Merchants £5 Planters National Bank,
^ Sherman, Texas
JOHN W. CARPENTER, President, Texas Power 2? Light Co., Dallas, Texas
GEO. W. COLEMAN, President, Texas Title & Loan Co.,
Waxahachie, Texas
F. N. DRANE, Banker-Farmer, Corsicana, Texas
S. G. GERNERT, President, First National Bank, Taylor, Texas
W. B. HEAD, Chairman of Board, Texas Power & Light Co., Dallas, Texas
R. B. HINCKS, Attorney, 'Worsham, Rollins, Burford, Ryburn & Hincks,
Dallas, Texas
W. J. NEALE, Geo. H. McFaddcn id Bros., Agency, Waco, Texas
E. S. OWENS, President, North Texas Trust Company, Dallas, Texas
DR. A. C. SCOTT, President, Scott 8 White Hospital, Temple, Texas
HARRY L. SEAY, President, Southland Life Insurance Co., Dallas, Texas
HOWELL E. SMITH, Chairman of the Board, First National Bank,
McKinney, Texas
LYNN P. TALLEY, Governor, Federal Reserve Bank of Dallas, Dallas, Texas
GUS F. TAYLOR, President, Citizens National Bank of Tyler, Texas,
Tyler, Texas
M. H. WOLFE, President, M. H. Wolfe 2? Co., Cotton Dealers, Dallas, Texas
J. A. WORSHAM, Vice-President and General Counsel, Texas Power & Light
Company, Dallas, Texas
H 'I HIS company’s Preferred Stock has never
I failed to pay dividends; they have been
paid every three months WITHOUT a
break for more than EIGHTEEN years.
Thousands of men and women in the cities and
towns served by the company own shares of this
stock and have never failed to get their divi-
dends regularly and promptly every three
months on February 1, May 1, August 1 and
November 1.
We have only a limited number of shares to
offer at this time. We would like to have enough
so that every customer might have at least ONE
share. But on that basis there isn’t nearly
enough to go around.
The last time we offered some of this stock
many people who wanted to invest got their
subscriptions in too late and were disappointed.
Shares are on sale at all our offices or you can
buy them from any of our employes—they’re
our salesmen.
If it’s not convenient for you to come to us,
’phone in and we’ll gladly send a representative
of the company to you.
Remember these three most important
points:
1. This is a SAFE investment—not a specula-
tion.
2. It has never failed to pay dividends every
three months and pays as much as can be
expected considering SAFETY.
3. The Company maintains a Resale Depart-
ment to assist and advise stockholders who
may wish to sell their shares.
WHY THESE SHARES ARE REEVG SOLD
[Today, no community can progress without adequate electric service. To provide
for the comforts, conveniences and necessities which we supply to our customers,
there is a constant need for extensions and improvements to the Company’s sys-
tem. The funds necessary to carry on this work must come from the sale of the
Company’s securities.
Shares for sale at all offices or throuyh any employe of
Texas Power & Light Company
$102.00 and Acerued Dividend per Share
aJfO fac an Easy Payment Plan of $ 10 per share down and $ 10 a month.
Cut Out and Mail Coupon Below to Subscribe
Transfer 7%geni
Dallas Union Trust Company )
Dallas, Texas
Registrar
Republic National Bank & Trust Co.
Dallas, Texas
r
| TEXAS POWER & LIGHT COMPANY
^ Preferred Stock Dept., Dallas, Texas.
(Mark X in □ meeting your requirements)
QI wish to subscribe for---------------shares of your Preferred Stock
at price of $102.00 and accrued dividend per share. Send bill to me
showing exact amount due.
..shares of your Preferred Stock
□ I wish to subscribe for______
on Easy Payment Plan of $10 per share down and $10 per share
per month until $102.00 and accrued dividend per share has been
paid.
□ Please ship-----shares of your Preferred Stock at $102.00 and
accrued dividend per share with draft attached through
Name of Your Bank
We maintain a Resale Department
to assist and advise our stockhold-
ers who may wish to sell their, shares
Name
Street
City
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The McGregor Mirror. (McGregor, Tex.), Vol. 42, No. 47, Ed. 1 Friday, January 23, 1931, newspaper, January 23, 1931; McGregor, Texas. (https://texashistory.unt.edu/ark:/67531/metapth883636/m1/3/: accessed May 6, 2024), University of North Texas Libraries, The Portal to Texas History, https://texashistory.unt.edu; crediting McGinley Memorial Public Library.