New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-18
MISCELLANEOUS.
PR0sPECTUs,....... PROSPECTUS
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 1872 Common Street.

The Tripler 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 new mode OF preserving wood from
decay applicable to crosstes 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 it is believed
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 vulcanized prepare
tlon second. the sectional tie composed of three
or more pieces, each thoroughly seasoned. Each
piece is impregnaIed with the antseptic then COW
cred with the vulcanzed preparation, and while
hot put together and wei fastened, making the tie
stronger than if solid and from all present expert.
ence 1t 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
pany in full payment and compensation for the as
Segment of the patents for the whole United
States. Already negOtia tions 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 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 tle immedi-
ate supervision Of the patentee, about to pur.
chase or lease a conveniently situated mill and
put up the requisite tanks ard machinery before
undertaking any contracts OF parting with any por
ton of their rights.
To meet the expense attending this thev have
decided on opening books of subscription to the
capital stock of the company to the extent of
hundred thousand dollars, in shares of one hun
bred dollars each ten per cent payable at the date
OF subscription, and the balance al call of the
Board OF Directors. i'll 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 hun
bred thousand dollars. The original subscribers
VIII have the privilege of pro rata increasing their
stock before it is again offered to the public.
All stOc kholders 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 cons Iteration the number of miles
OF railroad IN the Uni ed States and the number in
progress, and that the ties in require renewal
every nYe or SIX years an 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 f
the durability of ties treated in similar but not
IN so effective 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. Wingfeld Bridges, 1872 Common near
named directors:
W. Alexander Gordon.
f. Newman, firm f. Newman 4 Co.
?. 5. Wilt firm Witt Il Co,
J. J. Warren, firm Warren, Crawford 4 Co.
George A. F0sdck, firm George A, Fusdick & Co.
5. H. Ably, firm 5. H. Ably 4 Co
Benjamin Newgass firm Lehman, Newgass l. Co. |
7. s. WILLIAMS
(Late General Superintendent New Orleans Jack |
son and Great Northern RarOad) President.
L. B. CAIN
Firm John Marks l. Coz Treasurer
myll weSsu