New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-25
MISCELLANEOUS.
PROSPECTUS. .......PROsPECTUs
Il
rHR-
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 1872 Common Street.

The Tripler Tie and Wood Preserving Company
mas 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
decay, applicable to cross-ties for railroads. bridge
timber, and all lumber exposed to atmospheric in-
huences; and the other for new and improved
form OF railroad Cross ties by which it is believed
q superior tie can be furnished at about the first
cost of the tie now in use.
For crossties, to which for the present the atten-
ton of the company will. be mainly directed the
patents cover two FORMS first a solid tin which is
thoroughly impregnated with, the antiseptic com.
pound and then coated with vulcanized prepare
ton; second the sectional tie, composed OF three
or mere pieces, each thoroughly seasoned Each
piece is inpregnated with the antseptic then COW
cred with the vulcanized preparation, and while
hot put together and wei fastened making the tie
stronger than if solid and from all present expert
ence it is believed practically indestructibe.
The purchase of these patents has been effected
on the most favorable terms. the patentee re.
eeiving portion of the capital stock of the COM
pany in full payment and compensation for the as
stgnment of the patents for the whole United
states. Already negotiations have been initiated
by more than one OF the leading railroad companies
of the North for the purchase of the right to
the two patents their lines. and orders for the
patent cross ties in this city for more than
an ordinary mill could furnish in a year.
The company, desiring that the manufacture
should be carefully conducted under the immedi-
ate supervision of the patentee, about to pur-
chase or lease a 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 one
hundred thousand dollars, in shares of one hun
dred dollars each. ten per cent payable at the date
Of subscription, and the balance al call of the
Board of Directors, in nstallments of not more
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
none of the stock having been given away
parted with, except the amount paid to the
patentee, who receives one-third of the capital
stock as the price of the patents.
Taking mo cons Iteration the number Of lies
of railroad in the Uni ed States and the number in
progress, and that the ties in require renewal
every hve or six years All estimate can be made of
the probable demand for the ties this company
believe from the experience of European roads, OF
the durability of ties treated in a similar but not
III so effective a manner) that under patents
ties will last from twenty to twenty-five years.
Books of subscription will be found at the office
of Messrs. Wingheld L. Bridges l62 Common. near
Carondelet street, and with either of the following
named directors:
W. Alexander Gordon.
Z. Newman, firm Il. Newman & Co.
P ). Wilt, firm Wilt Co.,
J j. Warren, firm Warren Crawford L Co.
George A. FOsdick, firm George A. Fosdick & Co.
5. H. Aby firm ). Fl. Ably & Co.
Benjamin Newgass, firm Lehman, Newgass & Co.
r. =. WILLIAMS,
Late General Superintendent New Orleans Jack
son and Great Northern Railroadl President.
L. B. CAIN,
Frm John Marks co., Treasurer.