New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-24
MISCELLANEOUS.
DROSPECTUS. ......PROSPECTUS
OF THE zf
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
the purpose OF purchasing and working two valu l
One being for a new mode of preserving wood from
decay applicable to crosstes for railroads. bridge
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 believed
a superior tie can be furnished at about the first
cost of The tie now in -....
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 antseptic 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 antiseptic, then
cred with the vulcanized preparation, and while
hot put toge Their and wei fastened, making the tie
stronger than if solid and from all present expert
ence it is believed practically indestructible.
on the mas
ceiving portion of the capital stock of the com
pany in 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
the two patents on their lines. and orders for the
patent crossties are now in this city for than
an ordinary mill could furnish in year.
The company, desiring that the manufacture
should be carefully conduSted 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 OF parting with any por
ton OF their rights.
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 the date
of subscription, and the balance at call of the
Board of Directors, in instaments of not more
than ten per cent at intervals of not less than
thirty days, ...I... .-
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 or
parted with, except the amount paid to the
stock as the price of the patents.
Taking INTO cons Iteration the number of niles
of railroad in the Unit ed States and the number in
progress, and that the ties in require renewal
every five or six years, estimate can be made of
the probable demand for the ties this company
believe tfrOm the experience of European roads, of
the durability of ties treated in similar but not
III so effective a 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. Wingfeld l. Bridges, l62 Common near
CarOndeet street, and with either of the following
named directors
W. Alexander Gordon.
E. Newman, firm f. Newman Co.
P. 5. Wilt, firm Wilt < Co.,
J. J. Warren, firm Warren Crawford & Co.
George A. FOsdick, firm George A. Fosdick 4 Co.
s. II. Ably, firm y. III. ADy 4 Co.
Benjamin Newgass, firm Lehman Newgass 4 Co.
T. s. WILLIAMS
(Late General Superintendent New Orleans, Jack
son and Great Northern Railroad) President.
L. B. CAIN,
(Firm John Marks Coz Treasurer.