The sun., 1891-11-15

According to the official statements Of the
@6ove-name ,, company the l0'SO0 shares ,G OF
fully paid '.Sf and ss , During the
past two years dividends of 17ts per cent per
been paid ths sr
directors not called in and cancelled $500. 900
TRe cem@on a Is ented The entire
profits Of the business each year after the de-
benture interest and per cent: DIVIDEND M on
Ned Charges s@oant sS Ss to while tse
average yearly profit for, the past nine years
and Sssn Sr tbs last I s has
fho following facts may be mentioned L, among 10.
the the business Of II. H. Warner ( Co. Limitesd.
It is the largest house Of its kind in the
one million druggists. chemists. grocers., and
general store dealers IN & almost every civilized
s @ be
oftheir merits.
The business Of the Company is virtually a
facture Of ,specialties. the trade names and
marks } Of which are secured and registered il, in
The ts % hs
The Company has no liability beyond its
Debentures; originally amounting to $!27.9Q }.
and the current debt incident to all large
concerns.
The enterprise is not 'one-ma business" :"
Of the man who started and made It such q
wonderful success. there is plenty Of material
business successfully should any unforeseen
accident change that management.
ing enormous dividends shareholders will re-
ceive an almost immediate return from their
The Company has returned to its common
shareholders during the last two years IS
per cent Of their Invested capital that is to
ceived S35 In dividends. besides having the
value OF their shares increased by tho cancel
lation OF nearly one half the Conpany's De-
The Statement OF profits. both before and
sipce capitalization. as given elsewhere in
progressive one: and it is believed that the
from ,the ! tsss & that the European business Is
assured y , t6e fass M FRET ths majority q the
mated it, and under whose careful manage
nent 1t has been SO successful In the past
NATURE OF THE BUSINESS.
The business OF H. H. Warner d Co.. Linn
tied. consists Of the manufacture Of proprie-
Hry and
Fl. Warner at Rochester. n. Y: in 1870 Offices
and LABORATORIES are established In Roches-
gen. switzerland:, MsibGHrne Australia. and
Dun6Uln. new Ledlhnu Ine OF
the offices and laboratories outside OF Roches-
ter. N. Y. was rendered necessary. owing to
the enormous increase Of the bustness and
the widespread demand for the preparations.
PROPERTY CONVEYED.
The price paid by the Company for the
entire business as on July 81. 1889. tnclud.
ing the goodwill, trade marks In all principal
countries and which are perpetual. ,prescrip;
tions and recipes. real estate and leasehold
elsewhere. fxed and movable, plant and ma
chinery at Rochester and the different branch
houses. cash In hand and at hanks. the stocks
in trade consisting OF wholly and partly
manufactured stockl raw material and adver-
tsing matter. furniture and all property used
in connection with the business In all parts OF
the world. together. with tho benefits OF oil
current contracts entered into by MI: Warner
in relation thereto. was $685. 900. Since that
time tho increase OF business and enlarged
earning capacity, Of the concern have added
EARNINGS BEFORE CAPITALIZA.
TlON.
Prior to its capitalization and organization
as an English Company In November 1850
tho business was Thoroughly examined by
English accountants. The real estate and nlant
were valued bycompetent appraisers; and the
past history Of the business especially IN S ths
scrutiny. According to the certified statement
made by these accountants. tho average yearly
profit OF the UNITED S1iIES BUSiNkSS
ALONh for the seven years prior to it's capital
iZation was sufficient to pay u per cent In