New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-16
MISCELLANEOUS.
DROSPECTUS....... ......PROSPECTUS
OF THE
TRIPLER TIE AND WsOD PRESERVING COMPANY
Office No. 1872 Common Street.

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 new mode of preserving wood from
decay applicable to crOssties for railroads. bridge
timber, and all lumber exposed to atmospheric in
| fuences; and the other for new and improved
form of railroad ties by which it believed
superior tie can he furnished at about the first
cost OF the tie now in use.
For cross-tes 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
tom second. the sectional tie composed of three
or more pieces, each thoroughly seasoned. Each
piece is lmpregnated with the autiSpptic 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 ndestructible
The purchase OF these patents has been effected
on the most favorable FERNS the patentee re-
celvlng portion OF the capital stock of the com
Pany III full payment and compensation for the as
Segment 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 rs
the two patents on their lines, and orders for the
patent crossties now in this city for more than
an ordinary mill could furnish in a year
The company, desiring that the manufacture
should De 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 parting with any por.
ton of their rights -
To meet the expense ATTENDING this +bev 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 installments of not more
IMAM 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 capi-
tai stock may be increased to three hun.
bred thousand dollars The original subscribers
VIII have the privilege of pro increasing their
stock before it is again offered to the public.
All stockhoderS are on 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 capital
stock as the price of the patents.
Taking INTO consideration the number of miles
OF railroad III the United States and the number in
progress, and that the ties in use require renewal
every hVe or SIX years, an estimate be made of
the probable demand for the ties this comnanv
beheYe iron the experience of European roads of
the durability of ties treated in similar but not
III SO eHectVe a manner) that under our patents
tes VIII last from twenty to twenty five wears
Books OF subscription will be found at the office
OF Messrs. Wingtield Bridges, l62 Common near
Carondelet street and with either of the following
named directors: rs
w. Alexander Gordon
+. Newman, firm f. Newman Co
?. s. Wilt, firm Wilt 4 Co.
j. ). warren, hrm Warren, Crawford Co
George A. Fosdick, firm GEORGE A Fosdicl- & 10
s II. Ably, firm s. II. Ably x Co. w.
Benjamin Newgass, firm Lehman Newoass 4 20
T. s. WILLIAMS
(Late General Superintendent New Orleans Jacly
son and Great Northern Railroad) President
m l.. b. CAIN,
Firm John Marks Il Coz Treasurer
mvll we&su ' A0"9'leI'