New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-17
MISCELLANEOUS.
PROSPECTUS
TRIPLER TIE AMI WOOD COMPANY
Office No. I62 Common Street.
DROSPECTUS.

The Tripler Tie and Wood Preserving Company
has been duly organized under the State law, for
the purpose of purchasing and working two vaIu,
able patents issued to Mr.. A. B. Tripler, in 1870.
One being for a new mode OF preserving wood from
decay, applicable to eross-ties for railroads, bridge
timber, and all lumber exposed to atmospheric in
huences; 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 use.
For cross-ties, to which for the present the atten-
ton OF the company will be mainly directed, the
patents cover two forms: first, a solid tie. which is
thoroughly impregnated with, the antiseptic com.
pound and then coated with a yulcanized prepare
ton; second, the sectional tie, composed of three
or more pieces, each thoroughly seasoned. Each
piece is impregnaled with the antiseptic, 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
enee it is believed practically indestructible.
The purchase of these patents has been effected
on the most favorable terms, the patentee re.
ceivins q portion of the capital stock of the COM
pany i'll full payment and compensation for the as
slgnment of the patents for the whole United
States. Already negotiations have been initiated
by more than one OF the leading railroad companies
the two patents on their lines. and orders for the
patent cross ties are now 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, are 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.
AohSet liz expense attending tnlS they nave
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 i~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
dred thousand dollars. The original subscribers
will have the privilege of pro rata increasing their
stock before 1t is again offered to the public.
All stockholders are on an equal cash basis
none OF the stock having been given away or
parted with, except the amount paid to the
patentee, who receives one-third of the canital
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 use require renewal
every nve or SIX years, an estimate can be made of
the probable demand for the ties this comSany
believe from the experience of European roads. of
the durability of ties treated in a similar but NOT
IN so enectlve a manner) that under our patents
Ties VIII last from twenty to twenty-five wears.
Books OF subscription will be found at the office
of Messrs. Wingteld 4 Bridges, 1872 Common near
Carondelet street, and with either of the following
named directors:
W. Alexander Gordon.
+. Newman, firm i. Newman l. Co.
?. s. Wilt, firm Wilt & Co..
J. j. Warren, firm Warren. Craw ford & 10
George A. Fosdick, firm George A. Fosdick & Co
). ii. Ably, firm 5. H. Ably l. Co,
Benjamin NeWgass, firm Lehman, Newgass L Co.
r ~ I. S. WILLIAMS.
tLate General Superintendent New Orleans lack.
son and Great Northern Railroad) President
r L. B. CAIN,
trim John Marks L Col Treasurer.