New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-06-02
MISCELLANEOUS.
PROSPECTUS
DROSPECTUS..
OF
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 162 Common Street.

The Tripler 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 a new mode of preserving wood from
decay applicable to cross.tes for railroads Dr1oge
| timber and all lumber exposed to atmospheric in
| fuences; and the other for new and improved
form of railroad cross ties by which it is believes
| a superior tie can be furnished at about the nrst
| cost of The tie now in use. -a
For cross-tes to which for the present the atten-
ton of the company will be mainly directed, the
patents two forms: first, solid tie which is
| thoroughly impregnated with. the antiseptic COM
tion second. the sectional tie, composed of three
| or more pieces, each thoroughly seasoned Zach
piece is impregnated with the antiseptc. then COW
hot put together and wei fastened making the tie
stronger than if solid and from all present expert
| ence It is believed practically indestructble.
The purchase Of these patents has been effected
| on the most favorable terms, the patentee
ceiving portion of the capital stock Of the COM
pany i'll full payment and compensation for the as
| 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 use
the two patents on their lines, and orders for the
| an ordinary mill could furnish in year
The company, desiring that the manufacture
| should be carefully conducted under the mmedi-
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.
To meet the expense attending this they have
| decided on opening books OF subscription to the
| pta stock of the company to the extent of one
| hundred thousand dollars, i'll shares of one hun
dred dollars each, ten per cent payable at the date
| of subscription, and the balance al call of th6
| Board of Directors in instalments of not more
than ten per cent, at intervals of not less than
| thirty days. s
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 it is again offered to the public.
| All stockholders are equal cash ba sis
| parted with, except the amount paid to the
| patentee, who receives onethird of the capital
| stock as the price of the patents. y
| 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 mannerl that under our patents
| ties will last from twenty to twenty-five years.
| Books of subscription will be found at the Office
| of Messrs. Wingheld Bridges l62 Common, near
Carondelet street and with either of the following
| named directors:
| w. Alexander Gordon.
| L. Newman, firm 4. Newman Co.
| P.S. Wilt, firm Wilt Co.,
| J. J. Warren firm Warren, Crawford Co.
| George A. Fosdck, firm George A. Fosdick L. Co.
| S. H. Ably, firm 8. H. Ably Co.
| Benjamin Newgass, firm Lehman, Newgass Co.
| T. y. WILLIAMS,
| Late General Superintendent New Orleans Jack
| son and Great Northern Raroadl President
L. B. CAIN,
| Firm John Marks co., Treasurer.