New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-28
MTSCET,LANEOUS.
DROSPECTUS.. .......PROSPECTUS
THE
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 162 Common Street.

The Trpler Tie and Wood Preserving Company
has been duly organized under the State law, for
able patents issued to Mr.. A. B. Tripler, in 1870.
One being for new mode of preserving wood from
timber, and all lumber exposed to atmospheric IN
tiuences; and the other for a new and improved
form of railroad cross ties by which it is believed
a superior tie can be furnished at about the first
cost of The tie now in .-tt
For crossties to which for the present the atten-
ton of the company will be mainly directed the
patents cover two forms: first, solid tie, which is
thoroughly impregnated with. the antiseptic com
pound and then coated with "a, vucanized prepare,
or more pieces, each thoroughly seasoned. Each
piece is impregna ed with the antiseptic, then
hot put together and wei fastened, making the tie
stronger than If solid, and from all present expert
enGe it is believed practically lndestrrctoie.
on the most favorable terms, the patentee re-
ceiving portion of the capital stock of the COM
pany in full payment and compensation for the as,
signment of the patents for the whole United
States. Already negotiations have been initiated
of the North for the purchase of the right to
the two patents on their lnes.and orders for the
patent crossties are now in this city for more than
an ordinary mill could furnish in year.
The company, desiring that the manufacture
should be carefully conducted under the immedi-
ate supervision of the patentee, are about to pur-
chase or lease conveniently situated MILL and
put up the requisite tanks and machinery before
undertaking any contracts or parting with any por-
| ton of their rights. -
To meet the expense attending this they have
| decided on opening books of subscription to the
capital stock of the company to the extent of
| hundred thousand dollars, in shares of one hun
bred dollars each ten per cent payable at the date
| of subscription, and the balance al call of the
| Board of Directors, in instaments of not
than ten per cent, at intervals of not less than
| thirty days.
Should it be deemed desirable to retain
| the exclusive manufacture of the ties
in the hands of the company, the capt.
| tai stock may be increased to three hun
| bred thousand dollars. The original subscribers
will have the privilege of pro rata increasing their
stock before it is again offered to the public.
All stockholders are on an equal cash basis
/ parted with, except the amount paid to the
| patentee, who receives one-third of the capital
| stock as the price of the patents.
| Taking into consideration the number of miles
of railroad in the United States and the number in
progress, and that the ties in require renewal
| the probable demand for the ties this company
proposes to furnish; for we have every reason to
believe from the experience of European roads, of
the durability of ties treated in similar but not
| IN SO effective manner) that under patents
| ties will last from twenty totwenty-fve years.
Books of subscription will be found at the Office
| of Messrs. Wingfeld Bridges, 1872 Common. near
Carondelet street. and with either of the following
named directors:
| VI. Alexander Gordon.
| E. Newman, firm Z. Newman & Co.
p. 3. Wilt firm Wiltz Co..
J. ]. Warren firm Warren, Crawford Co.
| George A. Fosdck, firm George A. Fosdick Co.
| S. H. Ably, firm s. H Ably & Co.
| Benjamin Newgass firm Lehman, Newgass Co.
| T. s. WILLIAMS,
| Uate General Superintendent New Orleans, Jack
son and Great Northern Railroadl President
| tFirm John Marks Co.. Treasurer
| myIl we&su ..