New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-20
MISCELLANEOUS.
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 1872 Common Street.
PROSPECTUS
DROSPECTUS..

The Tripler Tie and Wood Preserving Company
has been duly organized under the State law, for
dhe purpose OF 40 ana Two Ta a1a
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 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 use.
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 antiseptic com
pound and then coated with a vulcanzed prepare
ton; second the sectional tie, composed of three
or more pieces, each thoroughly seasoned. Each
piece is impregnated with the ahtiseptic then COW
cred with the vulcanized preparation, and while
hot put together and wei fastened, making the tie
stronger than if solid and f ON 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
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 on their lines and orders for the
patent crossties 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 immed
ate supervision of the patentee, are 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
10 meet the expense attending thlS tney nave
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 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
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
parted with, except the amount paid to the
patentee, who receives One-third OF the capital
stock the price of the patents.
Taking INTO cons deraton the number of miles
of railroad in the Unit ed States and the number ia
progress and that the ties in require renewal
every five or six years an estimate can 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 a similar but not
! effective manner) that under our patents
ties viii last from twenty to twenty-five years
Books of subscription will be found at the Office
of Messrs. Wingtield 4 Bridges 1872 Common near
CarOndelet street and with either of the following
named directors:
w. Alexander Gordon.
E. Newman firm f. Newman 4 Co.
P. 5. Wilt, firm Witt Co.,
J. J. Warren. firm Warren Crawford & Co
George A. FOsdick firm George A. FosdiCk Co.
5. H. Ably, firm s. H. Ably Il Co.
Benjamin Newgass, firm Lehman Newgass x Co.
T. :. WILLIAMS
Iate General Superintendent New Orleans, Jack
and Great Northern RailrOadl President.
L. B. CAIN,
(Firm John Marks u Coz Treasurer.