New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-27
MISCELLANEOUS.
pROSPECTUs.. ..PROsPECTUs
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 1852 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 valn-
One being for new mode of preserving wood from
decay applicable to cross-ties for railroads bridge
timber, and all lumber exposed to atmospheric in
fuences; and the other for a new and improved
form of railroad cross ties by which il is believed
a superior tie can be furnished at about the first
cost of the tie now in use. 81 tEs r.f..
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 antiseptie com
pound and then coated with a vulcanzed prepare
tom second. the sectional tie, composed Of three
OF more pieces, each thoroughly seasoned. Each
piece is impregnafed with the antseptic then cev
cred with the vuleanized 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 indestructibie.
The purchase of these patents has been effected
ceiving portion of the capital stock of the
pany IN 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 u-e
the two patents their lines and orders for the
patent cross-tes are now in this city for more than
an ordinary mill could furnish in year. NJ.
The company, desiring that the manufacture
should be efullybcondusted under the immedi-
ate supervision of the patentee, about to pur-
chase or lease a conveniently situated mill, and
p ~ IP,ai; qusi.e Inks anu niacninefy 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
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 at call of the
Board of Directors, in installments of not more
than ten per cent, at intervals of not less than
thirty days H..
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
stock before iii 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 capital
stock as the price of the patents. - " = +'
Taking INTO consideration the number of rifles
of railroad in the United States and the number in
progress, and that the ties in require renewal
every five or six years, estimate be made of
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 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. Wngfeld 4 Bridges, l62 Common, near
Carondelet street and with either of the following
named directors: -F
w. Alexander Gordon. .f f''l-
E. Newman, firm Z. Newman 4 Co. ..... ..
p. Wilt, firm Wiltz Co., IN -
J. j. Warren, firm Warren, Crawford Co.
George A. Fosdick, firm George A. Fosdiek L Co.
s. H. Ably, firm 8. H. Ably & Co. rrt = ...rfs
Benjamin Newgass, firm Lehman, Eewgass g. Co.
...st T. s. WILLIAMS,
Uate General Superintendent New Orleans, Jack
son'and Great Northern Rairoad) President.
L.. B. CAIN,
Firm John Marks Co., Treasurer.