New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-21
MISCELLANEOUS.
PROSPECTUS. PROSPECTUS
TRIPLBR TIE AND WOOD PRESERVING COMPANY
Office No. 81 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 valIl-
able patents issued to Mr. A. B. Tripler in Is7O
One being for new mode of preserving wood from
decay applicable to crOssties for railroads. bridge
timber and all lumber exposed to atmosp herc in
iuences; and the other for a 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 i'll 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 liz
thoroughly impregnated with. the antseptic com.
pound and then coated with vulcanized prepara-
ton; second. the sectional tie, composed of three
or more pieces each thoroughly seasoned. Each
piece is npregnated with the antiseptic. then COW
cred with the vulcanized preparation, and while
hot put together and vel fastened, making the tie
stronger than if solid and from all present expert
enee it is believed practically indestruetible.
Inc purchase OF these patents has been effected
ceivlng portion of the capital stock of the COM
pany in full payment and compensation for the as
slgnment of the patents for the whole United
States. Already negotiations have been initiated
by more than one OF the leading railroad companies
t!le Nortn ioF te purchase OF the right 70 li'e
the two patents on their lines and orders for the
patent cross ties are now in this city for than
an ordinary mill could furnish in year.
The company, desiring that the manufacture
should be carefully condu.ted under tle 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 Or 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
bred dollars each. ten per cent payable at the date
of subscription, and the balance al call of the
Board OF Directors, i'll 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 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 consideration the number of niles
of railroad in the Uni ed States and the number i'll
progress, and that the ties in require renewal
every hve 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
III effective a manner) that under patents
ties will last from twenty to twenty-five years
Books of subscription Will be found at the office
of Messrs. Wingtield Bridges 1872 Common near
CarOndelet street. and with either of the following
named directors
W. Alexander Gordon.
E. Newman firm i. Newman & Co.
p \. Wilt, firm Wilt Co.,
j. Warren, firm Warren Crawford & Co.
George A. Fosdick, firm George A. Fosdick Co.
s. H. Ably firm s. H. Ably & Go.
Benjamin Newgass, firm Lehman Newgass l. Co.
T. s. WILLIAMS
Late General Superintendent New Orleans Jack
son and Great Northern Railroad) President.
L. B. CAIN,
Firm John Marks Col Treasurer.