New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-11
MISCELLANEOUS.
DROSPECTUS... NEUTRALITY-SUSPICIOUS.
TRIPLE TIE AND WOOD PRESERVING COMPANY
Office No. 162 Common Street. u

The Tripier Tie and Wood Preserving Company
has been duly Organized under ~ STATE law for
able patents issued to Mr. A. b. Tripler, in 1870.
One being for new mode of preserving wood from
decay, applicable to crOssties for railroads. bridge
timber and all lumber exposed to atmospheric in
tluences; and Sle other for a new and improv ed
form OF railroad cross.ues oy "hch IL as peheVeu
a superior tie can be furnished at about the first
cost of The tie now in use. =
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 antiseptic com
pound and then coated with a vulcanized prepare
more pieces, each thoroughly seasoned Each
piece is impregnaled with the aItiseptc. then COW
cred with the vucanized preparation and while
hot put together and wei fastened making the tie
stronger than if solid and from an present expert
eI1ce it is believed practically indestruotible.
The purchase of these patents has been effected
the most favorable terms. the patentee re-
cevng portion of the capital stock of the COM
pauy 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 tire purchase of the right to :
the two patents ON their lines, and orders for the
patent crossties 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 H 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
capital stock of the company to the extent of one
hundred thousand dollars, in shares of one hum
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 net 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
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 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.
Takn1g INTO consideration the number of n lies
of railroad in the Unit ed 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, o f
the durability of ties treated in a similar but
III so effective a manner) that under our patents
ties viii last from twenty to twenty-five years
of Messrs. Wingfeld &, Bridges 1872 Common near
Carondeiet street. and with either of the following
named directors:
W. Alexander Gordon.
f. Newman, firm F. Newman & Co.
p. s. Willy. firm Wilt & Co.,
J. J. Warff4. firm Warren, Crawford Co.
George A. F6sdick firm George A. Fosdiek & Co.
:. II. Ably, firm s. III. Ably l. Co.
Benjamin heWgass, hrm Lehman Newgass 4 Co.
T. s. WILLIAMS,
(Late General Superintendent New Orleans Jack
son and Great Northern Railroadl President.
L. B. CAIN,
Firm John Marks & Col Treasurer
myll weasu