St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1890-06-07
CAPITAL s25,oOO,ooO
FULL PAID.
$4,000, 900 PREFERRED STOCK.
SIS, 900, 600 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
cigarettes:
ALLEN & GINTER, Of Richmond, Va.
W. DUKE SONS & CO., of Durham, N. c.,
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 leaf tobacco, material of all kinds.
machinery, fixtures, patents, trademarks.
brands, and good will.
These establishments will be continued as
branch factories of the American Tobacco
Company manufacturing their respective
bra nds 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
O,0O0,OO0. or one hundred thousand
shares of one hundred dollars ($1OO) each,
Every share of preferred stock is entitled to
one vote at all meetings of the stockholders.
This stock is to receive preference yearly
dividends of 8 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 dispo-
sition thereof.
The earning capacity of the combined bust
ness which has been for SO many years in
successful 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 81. O0O,OO0an
nually, 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 Eu-
rope, Australia and other foreign countries,
crease 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 COM
pany and that the company may possess the
cooperation of the trade in its business a
limited amount of the preferred stock has.
been reserved for them by the owners
The trade was offered the Rights to pur-
chase ten shares each at par of this reserved
stock, and large proportion of the Rights
were accepted. The Rights expired May
29th.
The balance of the Preferred Stock not al
ready 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 az
the Farmers Loan and Trust Company, 20
William St., New York. and at the office of
the company, 45 Broadway. will be allotted
pro rata to those 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 40 Broadway,
New York, stating the amount desired, an
confirming same by mail.
Ten per cent must be deposited with the
Farmers Loan and Trust Company on all
subscriptions. after due notice of allotment,
and the balance. 80 per cent on or before
the 1st day of July next when the stock will
be transferred to subscribers by the Farmers
Loan and Trust Company, and certificates
for same delivered.