New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-30
MISCELLANEOUS.
DROSPECTUs...... ......PROSPECTUS
OF THB
TRIPLBR TIE AND WOOD PRESERVING COMPANY
Once No. 1872 Common Street.

The Tripler Tie and Wood Preserving Company
has been duly organized under the state law, ior
the purpose of purchasing and working two valu-
able patents issued to Mfr A. B. Tripler, in 1870.
One being for a new mode of preserving WOOD from
decay, applicable to crossties for railroads. Druge
timber, and all lumber exposed TO atmospheric IN
huences; 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 INST
cost of the tie now in use.
For crossties to which for the present the atten-
ton of the company will be mainly directed, tne
thoroughly impregnated with. the antiseptic COM
pound and then coated with vulcanized prepare
ton; second the sectional tie, composed of three
or more pieces, each thoroughly seasoned. Each
piece is mpregnated with the antiseptic, then Gov
hot put together and vel fastened, making the tie
stronger than if solid and from all present expert
ence it is believed practically indestructible.
The purchase of these patents has been effected
on the most favorable terms, the patentee re-
ceiving portion of the capital stock of the com
pany in full payment and compensation for the
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 use
the two patents on their lines and orders for the
patent cross-ties are now 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 or lease 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
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.
| 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 il is again offered to the public.
| All stockholders are equal cash basis
| none of the stock having been given away or
j parted with, except the amount paid to the
4 patentee, who receives one-third of the capital
stock as the price of the patents.
| Taking INTO consideration the number of miles
of railroad in the Uni ed States and the number in
progress, and that the ties in use 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
| so effectiye 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. Wingield Bridges, 1872 Common, near
Carondelet street and with either of the following
named directors:
I W. Alexander Gordon.
| E. Newman, firm E. Newman Co.
| P. s. Wilt, firm Wilt Co.,
| George A. Fosdick firm George A. Fosdck & Co,
| s. H. Ably, firm S. H. Ably 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 Coz Treasurer.