Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1890-06-02
Incorporated Under the Laws
Of the State Of New Jersey,
CAPITAL S25,O00,000
FULL PAID.
SlO,OOO,OOO PREFERRED STOCK.
s15,OOO,OOO COMMON STOCK.
THE FARMERS LOAN AND
TRUST COMPANY OF NEW
YORK, REGISTRAR.

The American Tobacco Company has pur.
chased and now controls the business of the
following manufacturers of tobacco and cigar
cites:
ALLEN & GINTER of Richmond. Va.
W. DUKE SONS & CO., of Durham, N G.,
and New York City
THE KINNEY TOBACCO COMPANY of
New York.
W. S. KIMBALL & CO.. of Rochester, New
York.
GOODWIN & CO., of New York.
together with all their real estate, factory
buildings. storage warehouses, leaf curing
houses, eaftobscco. material of all kinds, ma
ch1nery, fixtures, patents. trade marks, brands
and goodwill.
These establishments will be continued as
branch factories of the American Tobacco
Company. manufacturing their respective
brands under the personal management and
direction of the former principals and owners.
The entire issue of the preferred stock of this
company is ten millions of dollars (s1O, 900 OOO,)
or one hundred thousand shares of one hun
dred dollars (S1O0) each. Every share of pre-
ferred stock is entitled to one vote at all meet
ings of the stockholders
This stock is to receive preference yearly
dividends of per cent payable quarterly, in
the months of August November, February.
and May, in each and every year, before any
dividends can be paid on the common stock;
the first dividend will be payable in August,
1890. 1t has preference over the common
stock upon all the property and assets of the
company on the final distribution or disposition
thereof
The earning capacity of the combined busi-
ness which has been for so many years in sue
cessful operation, is guarantee of the value
of the preferred stock. The aggregate net
earnings for several years past has been nearly
two millions of dollars ts2 900 OOO) annually, and
will now be largely increased by reason of the
economies to be effected through the formation
of this company.
The company proposes to establish branch
factories in Great Britain. Continental Europe,
Australia, and other foreign countries, and it
is believed that this will largely increase the
business and the net income of the company.
In order that the general tobacco trade may
have an interest in the profits of this company,
and that the company may possess the CO.
operation of the trade in its business, limited
amount of the preferred stock has been re-
served for them by the owners.
The trade was offered the Rights to pur-
chase ten shares each at par of this reserved
stock, and a large proportion of the Rights
were accepted. The "Rights' expired
May %.
The balance of the Preferred Stock not
already allotted. which was reserved for the
trade, is now offered to the general public for
subscription at par, until the 10Th day of June
next, and all subscriptions received at the
Farmers Loan and Trust Company. 20 William
street. New York, and at the office of the CON-
pany. As Broadway, will be allotted pro rata to
tnose who may subscribe on or before that
date.
Parties residing out of New York who wish
to subscribe may give notice by telegraph to
the Treasurer of the company. As Broadway.
New York, stating the amount desired, and
confirming same by mail.
Ten per cent must be deposited with the
Farmers Loan and Trust Company on all sub
scriptions after due notice of allotment, and
the balance, 90 per cent. on or before the lss
day of July next. when the stock win be
transferred to subscribers by the Farmers
Loan and Trust Company, and certificates for
sarna daIiuered