New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1890-07-21

so,ic,,or.. Mes.r,, ALEXANDER Il GREEN of
New-York
Auditors, Mes.r.. DELOIrrE. DEyERs. GRIF-
FITHs IL CO., London aud New-fork
Directors. WILLIAM A. PROCTOR, JAMES "
GAMBLE, HARLEY r. PROCTOR, DAVID H.
CAMILLE WM COOPER PROCTOR, BRIGGS -
CT NNINGHAM Of Cincinnatii GEO. +. CRANE
HORACE j. MORSE, WM {. GJLLNER OF New
York.
Application will be made TO have these securities -ta
on TIE Ncw.YcrK Stock Exchange
The COMPANY has formed for the purpose OF ac-
curing and carrying the wckno"h soap candle OILS
and giycerne manufacturing business Oh 'S'IS l'00'
A. Gamble Of Cincinnati. ohio.
IT Is INTENDED TO CONTINUE THE BUSINESS
UNDER THE EXISTING STAFF MANAGEMENT, \
MAJORITY or THE DIRECTORS BEING PARTNERS
IN THE LATE FIRM. AND AT LEAST TWO OF NE
PRESENT ACTIVE MANAGERS OF THE COMPANY
AGREE 10 REMAIN IL CHARGE FOR FIVE YEARS
OR MORE AT MAXIMUM AGGREGATE sALAIHLs
NOT 10 EXCEED $4,000 PER ANNCM
The company acquires. free Of all membranes all the
rouefty Of the vendors with their SAID
business including real estate property hercdtane
premises fixed plant machinery and also the goou'"
of the business including assets trale marks patents
labels and designs the goods sold by the vendor
Of the said business and Mesrs. Proctor Gamble and AL
the members Of the firm not 70 engage Ia any COM
petng business
The real estate, buildings machinery, and appliances
have been valued by
W. j. LIPPINCoTT. EsQ.. President Cincn-
natl Union Stock Yards,
W. p. ANDERSON, Esq, Vice.Prcsdent
Addyston Pipe Steel Company,
J. F. BARNARD Esq, President OHIO and MIS-
sisspp Railroad Company OF Cincinnati,
az 81 5 900 merchandise and stores on hand ana
personal property owned BY said firm at upwards oil
81, 250 900
The company will start with no outstanding liabilities
except the bonds above mentioned.
TIE BOOKS or THE FIRM HAVE BEEN EN-
A NED BY MEssR5. DELOITrE. DEVEh-'
c. FFITHS 81 co., CHARTERED ACCOUNTANT
az LONDON AND NEW-YORK, WHO FIND TIE
Net PROFITS FOR THE THREE YEARS LAST
PAST TO HAVE BEEN;
FOR 1857 - %o'o "
FOR 1883 ''.....-foo 20
FOR 1852
The Increased profits Of the Inst period compared WIN
the a\ous years partly accounted for b. the stocks
., atcrals and manufactured goods at the end OF the
osr,I wear Icing valued the basis as at Ap J.
1881 which was omewhat higher than in the ihlermc
datc periods - -,
increased valuation estimated by the vendors not u
exceed $4,000
These profits average 100000 per annum' ana
,iI, NAV per cent on bonds, per cent on preferred
.,oek IL per cent. SI.2jD,ODO OF common siocH
NOT held by the vendors, all salaries ana ca'e "
surplus.
During the wears 1887 large sum was eN-
,.,d.d I'm enIarging and changing the new wOTAs, thus
materially decreasing the net earnings during these Yeas
and the WORKS now ample Tor large increase u o1
wi
ues the dcprecation In plant from wear ana tear - tht
The roprty has Kept in order ana repair ana te Cos
Of 50 doing charged to profit ana loss
steady increase IN net earnings Is n be noticed ana
the vcndori state by new process OF recovering
cIvcornc which this firm acquired and fully developed
tny expect further increase over last year oil %lVVVVv
net profit per annum.
II the elrnngs snail Increase as expected by the vendors
the AVERAGE net profits for the coming years "0ud justify
dividend u upwards II pee cent on all the common sock
The plant acquired by THIS company consists 81 abpu
scren acres 0! land adjoining the corporate nha Of
the city OF Cincinnati l. constantly increasing u
value together with factory buildings thereon aud j.
the largest Of it, kind United States The buildings
are Of stone brick iron slate and OF the most sui
stanta character and built expressly for this bus
Three main lines OF railway touch the property, VIII
Baltimore and Ohio Southwestern !tuilrond Company,
Gle ycInud, Columbus, Cincinnati and ~. Lous Rail-
road Company.
All shipments are made direct by railway, the company
owning their own switch engines and four miles Of
raGay tracks and Carriage is required the PREMISE
during three years last past have been over
$40 600 600 upon which total loss In bad debts j.
ascertained TO have been 5000.
The customers Of firm consist entirely Of the whole
SALE iObbnR commission grocery houses in this cOun
tIy, no sales being made to retail dealers.
The business Of this firm established IN 1887 ana
wlc their specially Is the manufacture o. their varouf
brands Of soap The be overlooked that their
output Of candles and Of giycerne exceeds that OF any
other establishment in tho country.