New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-19
MISCELLANEOUS.
DROSPECTUS. PROSPECTUS
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 1862 Common Street.
PROSPECTUS

The Tripler Tie and Wood Preserving Company
has been duly organized under the State law for
the purpose of purchasing and working two valu-
able patents issued to Mr.. A. B. Tripler, in 1870
One being for a 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
II superior tie can be furnished at about the first
cost of the tie 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, solid tie which is
thoroughly impregnated with. the antiseptic com,
pound and then coated with a vulcanized prepare
ton; second the sectional tie, composed of three
or more pieces, each thoroughly seasoned. Each
piece is impregnated 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 indestructible
ON ne ost 20 Vi .IIse patents mas netn enected
ceiving portion of the capital stock of the com
pany III full payment and compensation for the
signment 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 n-e
the two patents on their lines and orders for the
patent cross-tes now in this city for than
an ordinary mill coud furnish in year
The company, desiring that the manufacture
should be carefully conducted under the immedi-
ate supervision of the patentee, about to prh-
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.
decided on opening books of subscription to the
capital stock of the company to the exteft 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 at call of the
Board of Directors, in installments of not more
than ten per cent, at intervals OF not less than
thirty days.
Should il be deemed desirable to retain
the exclusive manufacture of the ties
i'll 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 ii 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-thrd of the capital
stock as the price of the patents
Taking INTO consideration the number of miles
of railroad i'll the Uni'e ed States and the number in
progress, and that the ties i'll require renewal
every five or six years, an estimate 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 manner) that under our patents
ties Will last from twenty to twenty five years.
Books of subscription will be found at the office
of Messrs. Wngfeld Bridges, l62 Common.
Carondelet street, and with either OF the following
named directors
W. Alexander Gordon.
E. Newman firm +. Newman & Co.
p 5. Wilt, firm Witt Co..
j. j. Warren. firm Warren, Crawford l. Co.
George A. FOsdick. firm George A. FOsdick Co.
s. H. Ably firm S. H Ably 4 Co.
Benjamin Newgass, firm Lehman Newgass Co.
T. \. WILLIAMS,
Late General Superintendent New Orleans, Jack
son and Great Northern RHilroadl President.
L. B. CAIN,
(Frm John Marks Il Coz Treasurer.