The Portland daily press., 1891-11-19

=, According to the official statements of
shares tb named the dGe9
Tor SUBSCRIPTION are fully paid and non-assess-
able. During the past two years dividends of
i71a per cent. per annum have been paid upon
the stock, and for the last fiscal year, ending
July 81, 1891, over 30 per cent. could have
been paid had the directors not called in and
cancelled S3O6 900 worth OF the debentures of
the Company.
The Common Stock is entitled to the entire
pronts OF the business each year after the de-
the preferred stock have been paid. These
fixed charges amount to S102,8 $3.50, while the
average yearly profit for the past nine years
has never been less than four times this
amount, and for the last two years mas been
nearly five.
The following facts may be mentioned among
the many Favorable features connected with
the business OF Ii. II. Warner & Co., Limited.
1t Is the largest house Of its kind in the world
us preparations being sold by nearly one
million druggists, chemists, grocers ana gen.
eral store dealers in almost every civilized
country on the globe. The widespread popu-
larity OF these preparations is the best evidence
OF their merits.
The business OF the Company is virtually
monopoly, consisting as 1t does OF the manufac.
ture OF specialties, the trade names and marks
OF which are secured and registered in all the
principal countries OF the world. and are the
property OF the Company forever.
The Company has no liability beyond itsDe.
PPe pen lures. originally amounting 70 S727 900,
Germs.
The enterprise is not a "one-man business"
Although still under the general management
Oh the man who started and made 1t such a won
aeriul success, there is plenty OF material in
Tue employ OF the Company to continue the bus
mess successfully should any unforeseen acct
uent change that management.
AS the business Is "a going concern" pay
ing enormous dividends, shareholders will re-
celYe an almost immediate return from their
investment.
The Company has returned to its common
shareholders during the last two years 80
per cent. OF their invested capital, that is to
say, for every 500 invested they have received
$50 In dividends, besides having the value of
their shares Increased by the cancellation Of
nearly one-halt the Company's Debentures, and
the accumulation of reserve.
The Statement of profits, both before and
prospectus shows that the business is a pro-
gressve one; and 1t Is believed that the future
VIII show even largely increased profits from
the fact that the European business is growing
rapidly
The future earning power Of the business is
assured by the fact that the majority of The
Common Stock is held by the men who origin
ated IL, and under whose careful management
1t has been so successful iu the past.
NATURE OF THE BUSINESS.
The business of H. II. Warner g. Co, Linn
lted) consists OF the manufacture of proprie-
tary medicines and preparations, known as
Warmers "Safer Remedies and Warmers
..Safe"Yeast, and was starred by the Hon III. II.
warner at Rochester, n. X; in 1879; Offices
etnu 14dUOldbOAlCo dIO cobdDllsleu III nOC0eSLer,
n. Y; Toronto, Canada; London, England;
Frankfort-on-th Main; Germany; Kreuzlin'
gen, Switzerland; Melbourne. Australia, and
Dunedin, New Zealand. The establishment of
the offices and laboratories outside of Roches-
ter, n. Y, was rendered necessary owing to
the enormous increase of the business and the
widespread demand for the preparations.
PROPERTY CONVEYED.
The price paid by the Company for the en-
tire business as on July 81, 1889, including
the good Will, trade marks In all principal
countries and which are perpetual prescrip-
tons and recipes, real estate and feasehofd
properties and buildings in America and else
where, liked and movable plant and machin-
cry at Rochester anu the different branch
houses. cash in hand and at banks, the stocks
featured stock), raw material and advertising
matter. furniture and all property used in
connection with the business In all parts of the
world, together with the benefits of All cur
rent contracts entered into by Mr. Warner in
relation thereto, was S3,395,00O. Since that
time the increase of bushes and enlarged
earning capacity of the concern have added
largely to the value of the property.
EARNINGS BEFORE CAPITALIZE
TION.
Prior to its capitalization and organization
as an English Company in November, 1889,
the business was thoroughly examined BY
English accountants. The real estate and plant
were valued by competent appraisers, and the
past history Of the business, especially in the
way of profits, was subjected to the most rigid
scrutiny. According to the certified statement
made by these accountants. the average yearly
profit OF the UNITED STATES BUSINESS
nOyl4