Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-05-18
s. v. WHITE g. CO.
New York Sc Chicago.
International Trust Co., Boston,
St. Louis Trust Co., St. Louis.
Are authorized to offer for subscription
100000 Preferred Cumulative z Per
Cent Stock,
MENTIONED BELOW.
Simmons Hardware Co.,
st. Louis, Mo.
ORGANIZED UNDER THE LAWS OF THE
STATE OF MISSOURI.
AUTHORIZED CAPITAL STOCK.
$4,000 Shares of Preferred
Cumulative per cent Stock. s1,50O,OO0
$4,000 Shares of General (Com-
mon) Stock. ock......-.............. s1,s0O,000
Par Value of all Shares, 500.
ORGANIZED UNDER THE LAWS OF THE
STATE OF MISSOURI.

An Shares issued are Full Paid Stock.
Stockholders have no personal liability. Off
GERS of the Company and employees occupy
ing important positions hold all the common
stock, none of which is for sale.
The bylaws provide that no bond or mort
gage can be. created without the consent of
go per cent. of the preferred stockholders;
also that this provision cannot be Uttered
except by the like affirmative vote.
SIMMONS HARDWARE COMPANY was
organized in 1874, dealing in Hardware, Cut
lery, Tinware, Stamped Ware, House Fur
nishing Goods, and Sporting Goods.
The Company is the oldest mercantile in
corporated jobbing hardware house in
America.
The Preferred Stock will be entitled, from
and after January /, 1891, to cumulative pre-
ferential dividends of seven per cent. per
annuIp, payable out of the earnings of the
Corporation, before any payment is made
upon the Common Stock.
Dividends on Preferred Stock will be paid
semi-annually, Feb. Is and Aug 15 at the st.
Louis Trust Company, Transfer Agents Of
both classes of Stock.
10000 SHARES PREFERRED
CUMULATIVE PER CENT. STOCK,
Are now offered for public subscription at
par. Subscriptions will be payable as fol-
lows:
10 per cent. on application.
80 per cent. on allotment.
80 per cent. in fifteen days .u..~.
30 per cent. in thirty days oi'or "'i"'Iion'
The subscription list will be opened stimuli
taneously at 10 o'clock A. NJ. on Monday, May
25, 1891, and will close at 8 o'clock P. NJ. on
Wednesday, May q, 1891 at the offices of
S.Y. WHITE & CO., New York & Chicago.
INTERNATIONAL TRUST CO., Boston.
ST. LOUIS TRUST CO., st. Louis, Mo.
SIMMONS HARDWARE CO, st. Louis, Mo,
REA BROS. & CO., Pittsburg, Pa.
Allotments, in accordance with the terms
Of the Prospectus, will be made as soon as
practicable.
Extracts from Statement of the Vendors.
SIMMONS HARDWARE COMPANY In
the largest establishment of its kind In the
world. 1t was organized Jan. L, 1874, and
was preceded by concerns In which its pres
ent President was a partner from 1855 to
1874. The entire period of twenty-six years
shows an unbroken line of successful and
profitable business years.
The Company is now managed by its orig
inators and incorporators, all of whom will
continue in active management (if elected
by the stoekholders) for at least five years,
and agree not to engage in any competing
business for period of ten years thereafter,
The Company Is as widely and favorsbly
known as any mercantile concern In Amer
lea. 1t refers by permission to Boatmen's
Bank, st. Louis, and American Exchange
National Bank, New York. Its customers In
1890 numbered over twenty thousand.
The Company deals almost entirely in
articles of practical utility, embracing very
large line of specialties and edge tools, the
uniform standard and excellence of which
frequently causes demand in the market
largely in excess'of the supply.
STATEMENT OF ACCOUNTANTS.
IL Pine St., New York, May 4, 1891.
SIMMONS HARDWARE CO., st. Louis, Mo.
Gentlemen: We have examined the books
and accounts of your firm for period of five
years, viz, from Jan. L, 1886, to Dec. 81,
1890, and we find the net profits of the busi-
ness to have been as follows:
For year ending Dec. 81, 1886. .s123,571 SO
For year ending Dec. 81, 1887. 291,S26 81
For year ending Dec. 81, 1888. 234, 175 O2
For year ending Dec. 81, 1880. 321, ,12O go
For year ending Dec. 81, 1890. 339,791 81
Or an average of S262, ,O97 10 yearly.
The results were obtained after charging
off all expenses, rent, interest on borrowed
moneys, salaries of officers, heads of depart
ments, and Of every other description, and
all expenditures incidental to the business,
depreciations of fixtures and
eases.
In addition to the above examination, we
ind upon looking over your books that for
he past sixteen years they show an un-
broken succession of profitable business re-
ults.
The sales of 1890 exceeded 81, 100000.
Yours respectfully,
WALDEN, BROOKS & DONNELLY.
Messrs. S. V. White & Co. have investigated
he business affairs of Simmons Hardware
Company, and recommend the Preferred
cumulative 7 per cent Stock as an invest
nent entirely worthy of public confidence.
Prospectus containing full information, to-
ether with forms of application, may be OBJ
aimed at the various offices, where subscrip-
ions will be received. myls1