New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-01-19
EXTRACTS FROM STATEMENT OF TIFF
VENDORS:

The business Of Th1rber whyand Co. Is tho first Of
its Kind In world. 1t established in ls)'' an"
has uad profit continuously year It's beginning
The property conveyed comprises all the stock OF e'
Glands &c. machinery plant fixtures real estate ea'hoIu
Interests and bills receivable trade marks u'a7
rights, pOparty and good will OF the retiring nrn' vnc'
guarantees the payment Of the bills roeiNahe ana ON
standing which it Transfers a. siatd below.
Members Of the finn undertake to retan the Ownership
OF at least 5000 OF the common STOCK ioF not ~
than five years.
the present finn president Of the company Tor
five wears or longer desired and receive no salary oi
any year until company has paid TO- mat year per
cent upon It's preferred stock
The other active partners also continue III uie 9'''e
0 the company. ..., =.
wcssrs. FRANCIS r. THURBEH ard AL9EEr j.
WUYLAND have severlly contracted by agreement "h
file with the company to engage In any competing
business.
The stock OF merchandise included IN the property con-
viewed ha, been examined aud appraised AT WHOLESALE
COST PRICES since the lat day Of January '''' "
couuetent experts whose certificates ana ahda't' ''it
e.d COMES of which arr hc WITH the b1nke-, may %;
seen at the once Of tire company, ana WHO 49,. 49,
find its value 10 be-, 900 90
Other assets:
Guaranteed accounts and bills receivable, In
excess Of those payable sIO' u"9 VI
~, -, .......... 120O4 -
10 eS., ,,n, machinery and fixtures. 72,l25 g.
Cash on hand at the commencement OF business
Jan. g. 1891. as Of which time the transfer . ~,
took effect -..----'''-' '''' -
81 sos 90, 80
In the above no.hng Is included either Tor the many
valuobe trade marks the Arm which have been acqu'u
and created through an outlay Of more than t'Oc'Ooo III
money OF for the goodwill which results from y'thI@e
yrs ~ extensive successful business now represent
NV an active trade ton with more than "e"y''ee
thousand customers IL all parts OF Inc Noi'u
Tho hooks and accounts Of :he hay" been submitted
IN Mcssrs WALDEN BROOKS 4 DONNFIdh' uh' well
,ovn public accountants. the result Of whose examination
+, embodied in the following certificate;
il Pine.st. New-yofk. Jan. O. 1891.
Mes,r. Thurber, whyland Co.. Ncw-Yo'h
Gentlemen: . A.
w. have examined the Books and Accounts Of voni hfm
from :he period Fcbruaiy. 1880. to 81 January iso ana
m and that the Net Of the business dncrdng in
~ On CapitsD actually collected and realized Tor The ten
vears amount u 9-'o'0''''O'
% which must be added the further e''i-
mated sum rcaii,a1le from uucOlected Book ...o.
Account. considered good ...........-.. l'o'oooVo
q, an average Of 800 Os3 30 yearly.
rh ,c,s are obtained after charging on al expenses
t interest on borrowed moneys and the guaranteed sal
aries of the junior partners and heads OF departments me
wise large expenses for advertising anu c>'ioS's "
marks. A., lid -,
II nouths ending Jan g. 1891, shows a-net lHoht mef
charging salaries and all other expenses upon nc saa'
as above Of 49, or at the rate oil
for the year.
Yours respectfully,
WALDEN. BROOKS DoNNELLY.
THE RESULT LAST STATED II EQUIvALENTTo
= PER CENT. UPON THE PREFERRED sIOCh
AND12.I5 PER CENT. UPON TIE COMMON STUN
ISSUED.
pro.oee,u..s and blank forms Of applications for
stock may be obtaned upon application 10 e''"'' VI
the bankers.