New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1871-05-23
MISCELLANEOUS.
TRIPLER TIE AND WOOD PRESERVING COMPANY
Office No. 1852 Common Street.
PROSPECTUS

The Tripler Tie and Wood Preserving Company
has been duly organized under the State law, for
able patents issued to Mr.. A. B. Tripler, in 1870.
One being for mode of preserving wood from
decay, applicable to crosstes for railroads bridge
timber, and all lumber exposed to atmospheric in
huences; 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 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 vulcanized prepare
ton; second the sectional tie, composed of three
more pieces, each thoroughly seasoned. Each
piece is impregnated with the antiseptic then coy
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
ence It is believed practically indestructible
The purchase of these patents has been effected
the most favorable terms, the patentee re-
ceiving portion of the capital stock OF the COM
pany i'll 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 IL
the two patents on their lines and orders for he
patent crOss-ties now in this city for more than
an ordinary mill could furnish in year
Ihe 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.
10 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 al call of the
Board OF Directors i'll mstallments 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 ii is again offered to the public.
All stockholders equal cash basis
none of the stock having been given away
parted with, except the amount paid to the
patentee, who receives Onethird OF the capital
stock as the price of the patents.
Taking INTO consideration the number of miles
of railroad i'll the United States and the numb Der in
progress, and that the ties in require renewal
every five or six years, estimate can be made of
the probable demand for the lies 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
III so effective 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 Wingheld Bridges, 162 Com mon, near
CarOndeet street. and with either of the following
named directors:
w. Alexander Gordon
+. Newman, firm 4. Newman Co.
p. n Wilt, firm Wilt Co.,
J ]. Warren, firm Warren, Crawford & Co.
George A. FOsdick, firm George A. Fosdick Co.
s. II. Ably, firm s. H Ably & Co.
Benjamin Newgass, firm Lehman, Newgass Co.
T. =. WILLIAMS,
(Late General Superintendent New Orleans Jack
son and Great Northern Railroad) President
L. B. CAIN
(Firm John Marks Coz Treasurer.