. History of Worcester and its people . y and has continnued to the present offices arc at No. 416 State Mutual building. Mr. Clark is clerk of The Mortgage Investment Trust of Worcester and is incharge of the business. This is an express trust, having practically a corporate formof organization, in the nature of a real estate trust, the trustees holding the assetsunder a declaration of trust. It affords a safe and profitable form of investmentfor persons of moderate means. The shares are transferable. The trust invests inreal estate mortgages in the city and county of Worcester, and
. History of Worcester and its people . y and has continnued to the present offices arc at No. 416 State Mutual building. Mr. Clark is clerk of The Mortgage Investment Trust of Worcester and is incharge of the business. This is an express trust, having practically a corporate formof organization, in the nature of a real estate trust, the trustees holding the assetsunder a declaration of trust. It affords a safe and profitable form of investmentfor persons of moderate means. The shares are transferable. The trust invests inreal estate mortgages in the city and county of Worcester, and in many cases thisinstitution affords mean for prospective builders and buyers, not to be obtained fromother banking institutions on account of legislative restrictions. The Trust has beenoperated since 1912 and its business has shown a substantial profit, its expenses beingmoderate and its investments scattered among many comparatively small loans invarious sections in this vicinity. Dividends are paid semi-annually and the shares are.
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