New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1881-03-17
MAKING COFFEE OF DATES.


$160-sELLING PATENTS IN OTHER COUNTRIES
WHAT is THOUGHT OF THE SCHEME HERE.
The people of the United States are soon to have
an opportunity of investing large sums of money in
a wild speculation now occupying the attention OF
the English public This is a project for making
coffee out of dates. A company has been formed IN
London, called the Date Coffee Company whlch
proposes to revo!utionze the coffee trade Oh the
world 1t has issued flaming prospectusea' mas eA-
pended large sums of money in advertising ana mas
actually succeeded in selling its shares III the Eng
lish market at $1G0 each, their par value Deihg oy
sos; and all this before the company mas fnaue
dollar of legitimate profit OF fairly DrSnn
oneratons The oriRinatOrs of this bold
scheme have succeeded we'll III Enaland
that they have already turned their attention to
Amarica and they are publishing in London glow
ing accounts of their prospects here. They estimate
their profits in tins country to begin WIN at
50. 500, OOO They have already opened correspond
epco with some brokers in this city, and an agent IL
soon expected here TO begin operations. The hr't
movement, will be- 1t is said to close contract with
an advertising firm Nv which p50, 600 will If necrs-
sary be spent in advertising tue project alter whch
the projectors anticipate no difficulty IN renewing
the American public of q few millions OF doHarS'
Tho whole scheme from its inception to IFS present
wonderful success in London reads 80 much ike
chaptrr of tho "S0u Sea Bubble" or john Laws
exploits in Paris that persons on TINS SIDE oil INC
water almost doubt the truth OF what thcy r'aa III
the London press in regard 10 IT,. There rs no douo'
however. that even in this age of rnilghtenment
such project can he successfully earned out III
London when IT would fail here
The Date Coffee Company tlimltcd) was formed
over n wear ago to manufacture partial substitute
for coffee ont oil dates according n patcnS obtained
by r. f. Henley. The patent CONSISTS III drying w"
date frnlt by n process which separates the seeds
tha pnln no gppU3 Il
volving vessel and subjected to heat, under the ~,
nurncc of which they b"romc in color IKE r9asteG
cofl.c When cool they are crushed ana miN"n WIN
real coffre aud little chircorg, and tho whoe "
claimed to produce mixture superior TO the resi-
Mocha COFFEE" he company was started ~ L,nn"n
early in 1880, with proposed c2nllhl OF HZ0UOov,
divided into 10000 shares of SO each lew
months aftrrwaId application WIS male 10 the
London Stock Exchangr for AN official settlement
and a quotation. Tie settlement. winch gave ~"
company official Standing, vas GTaiite,l pht 'h'
quotation was rrfus'u on the ground that there
MG aSpc %% inx That anIy a shat ha YEN ry
purchased. The company then tonnh thA ihe fnR,
sh Government would not allow this aduIleratrd
coffee to bc manufactured in England. hut would
allow II 10 be imported ~ u duty ~ J cents pound
Ihe works WerT then started IN knrrdchrc, India,
where dates said to b. PLENTIFUL ~ The SUE OF
the article IL COTE" - accompanied by statement
of bow IS adurraed. II does not com" within the
prohibition Of the #dul'crItlun act.
At thr end Of tie iiIst year the comnnuv showed
no profits. IL then occurred 10 MI Ilayman. ttr
chairman. according 10 tAe c"mpanVs irp9r' g. thA
the pdtrutCe, Nj. He lev misht e<Ihn'h romp1uirS
elsewhere and thus open undrsr1bl" c!lnpciIti"n.
NrlutIa' were therefore opened vain Nj. ll'dl'y
to get the Whole If HI patents without infihrr
payIncnt llrsIw ihr force Of tis brilliant iuca al
once. IL would virtually pay MN hv th" rn"r,
t,ous,y Increased value y OF ia" large number al
shares he. already he'd. or by the enormously IN
creased vaIur ot thc dIYIdrnd' hr w"uih r"t from
organlzng IN different countries comp w work
the patents" ifpm tnlt TINE form the pro- ctoIH
saw fortunes wItlun easy grasp. II !. chnr thtIr
business tO sell pttCuia rather than miihIHr'Fc
airltrraird coffee. Ih"Y CLAIMED {" mann drlufH
ii, az tess ilan nal! thr cost ni thr e'"nn' anu
Cir. lac samples they ,AHnird from the hhih'lc-
tory at kuT,chcr were slightly a.n'i"rAi;d WIN
" date coffee. ard. U conr-r Nrrr principally com
pusrd of real coffee. How the managers r'Vc"'l III
il .urc, ma, b.. understood lrom IL" ioil"winZ let
ter written by the chairman 10 an inquirer:
Herewith statements showing the profits o." ba'"
Company expect /, u.IAr. ia. ouriAi pr"Sprr'u'
showed crit ui SO 1000 abeAr Oh mako oi forty
ruiIrc cipta,. bit our capital wnrr t.r de
bcnturc. converted int" shu"s. "ny 9@opo1O lho
been proved by wei king 10 he CORRECT. s'nce
these r-,luiatrs were NAL wn hnVe Ohirlned the
Wnuc OF rcy's paiCnt' ana oar capital ac ""nt Tue
40 ,- g.,
spsnon0 rH,n when would amount Ia S2,5UI.UOO. or
sZJU "A mar but Sc snail, 100 addlI" nav" ''"u,F
sI,r. ~ .,ru o. to- dIcrcnt COMPANIES rrHhns the
M. ,. Company to ourhall Ui al pruhs dtrr %
p"rccu pad 10 thc sAre"o'',r' U! thse amer
Now as .ur Gaurc- show that earh company's pr"il'
VIII bc 800 900 year IN. Da" CON- - - 81, %iy wa,
have "a Yray ,roht 81 Sl2jnO or Sl'-'o"'7 IA az H.
which a6d $50 - 10 profit You VIA maze ana y'u
th,.t result.
nay ~ 80 Die Coicc raarc will receive bonus Of
S9IO per saarc and annual dividends "l Sdo'' per
luing therefore, that shares hou 1t to piy 10
nrr can't IN, DATE C,i:c share, afrr tc."' NJ F-o
bonus Tor - shrc. outhi to "e "'rth FI'"o per
Trr cores are larrr and look cxrvastot, but rry
1i'' ''''''" HrNR1 nAYNrS
The first effort was to start Il French 90 npWIV.
This WAS done bv the . irIr men who Or2InI"d lhr
FurlIsL courl:v and tnry soil the patent I" tn"'I-
them 20 =, ~ iC-
Uulrcd. ne 50 shares oil the English company
immediately rusr III value from a'h1L h'IH'"- 'n
$3.50 A German company was th"n oI#ti.Z 1t
without tIuurc. Tnr chairman SAID; pave
had twenty-five yc1r} cXpr"urc III the city" Lon,
dom ana have fever IN my lie had money pressed
upon ne 40 fast a. ! have ha1 III Conncctlou Wi'h
liz. French and German companies" Al the .arcS
of The German Germany were applied Loo t"o or
three times over. proposal WIS received 60 pay
500 DO for the Russian patent. and the spc-n,a-
non IN the shares oi thr companies seems to bo gem
cral IN LDndOn
At tins stage the managers have tuiAed the'i A.
trntIon 10 the Cntcd Sta'os. ~ u Tc'n' hce!!nS
of the stockholders Chairman llaymrn adld
In the United states ana tanada during the
wears 1877 aud SIS about lc,oDO to1s of coffee
we're u,ru during the same tIn' the quantity used
in the United Kingdom was only l1OpJ tons, vale
"n tc Continrrt Gf Europe il was:iUO OJO tons You
will Sec therefore there Is II much Ia Gcr field ~ the
United States than thorr Is upon tho Continent.
comparatively speaking. eXrrp' rance which we
cons der finished. There fult We have Thought 10
better that wo shnut take up the United states
after The German il finished 50 1t VIII b. the thrl
company lEncrr3.I Now the UniiedS States iScqnal
10 tive patents. We eau pat up our works al live
different sraprrts at such price "a VIII cnab, each
one M thos" divisions 10 moro man equal the United
Kingdom. The terms upon winch We have Gcso-
tIatcd cannot SAY are concluded. l ca,cu!lt" we
shall rral2, from tho United States a minimum Of
80 200 900 and II may be even more than th1r.'
A well.knowu American, who has b"cn interested
in tho cOiieo trade III London for some years, III
Speaking OF the Date Coffee Company and Ito pfod-
AS actually soll in the, English market Ills
date coffee is declared IN the printed label on tn"
fin box IN which &c l. sold 20 10 - mixture OF date
coffee with some OF the finest and liltr chiccnry
which beng translated mcanS-lhls compound |,
caromcl cot and chlccory. Now, caromol Is