New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-31
''''.a--- MISCELLANEOUS.
DROSPECTUS...... .......PROSPECTUS
TRrPLER TIE AND WOOD PRESERVING COMPANY
Office No. 1872 Common Street.
DROSPECTUs....
49,. .....PROSPECTUs

The Triper 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 crosstes for railroads, bridge
timber, and all lumber exposed to atmospheric in
tiuences and the other for new and improved
form of railroad cross-tes, by which IL 10 Deeved
u superior tie can be furnished at about the nrst
For cross-ties 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 antiseptc COM
pound and then coated with vulcanized prepare
tiOn; second. the sectional tie, composed of three
more pieces, each thoroughly seasoned. Each
piece is impregna,ed with the antseptic then Gov
cred with the vulcanzed preparation, and while
hot put together and vel fastened, making the tie
stronger than if solid, and from all present expert
ence it is believed practically indestructibe.
The purchase OF these patents has feen effected
ceiving portion of the capital stock of the COM
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 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
patent crossties in this city for more than
an ordinary mill could furnish in year.
The company, desiring that the manufacture
should be carefully conducted under the immedi-
ate supervision of the patentee about to pur-
chase 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 at the date
of subscription, and the balance al call of the
Board of Directors, in instaments of not more
than 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 CAPT.
tai stock may be increased to three hum
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
patentee, who receives One-thrd OF the capital
stock as the price of the patents
Taxing INTO consideration the number of miles
OF railroad in the Unit ed States and the number in
progress, and that the ties in use require renewal
every five or six years. all estimate can 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 similar but not
III SO effective manDer) 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, ICE Common, near
CarOndelet street, and with either of the following
named directors:
w, Alexander Gordon.
E. Newman, firm T. Newman L Co.
P. s. Wilt, firm Witt Co.,
J. Warren, firm Warren Crawford Co.
George A. Fosdick, firm George 4. Fosdick Co.
s. II. Ably firm s. II. Aby l. Co.
Benjamin Newgass, firm Lehman, Newgass Co.
T. S. WILLIAMS,
(Late General Superintendent New Orleans Jack
son and Great Northern Railroadl President
l.. B. CAIN,
Firm John Marks Col Treasurer.
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