Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1891-07-18

This company is organized under the laws of New
Jersey with capital stock of g. 500, 900, in shares
of 500 each consisting of $3.50 900 of per cent GU
mulative preferred stock, and $4,000 general
(commOn) stock, to take over and carry on the
| business, ESTABLISHED IN 1885, of the TROW
CITY DIRECT ksY COMPANY, and that ES-
TABLISHEDIN 1sas of TROW'S PRINTING
! AND BOOK5INDING COMPANY, heretofore
two separate corporations.
The former managers continue with the new
company, and, with their associates retain 500,
900 of the common stock.
All shares issued will be full paid stock.
Stockholders will have no personal liability.
There will be no mortgage upon any of
the property of the company.
The company begins business without any
debt or liabilities whatever.
The bylaws provide that no bond or mort
gage can be created without the consent of
ninety per cent OF the preferred stockhold-
ers; also that this provision cannot be al
tered except by the like Affirmative vote.
The Preferred Stock will be entitled, from and
after July 15 1891 to cumulative preferential divi-
dends of EIGHT PER CENT. PER ANSUM, pay
able out of the ngs of the corporation, before
any payment is made upon the General stock. In
cases of the non-payment of the Preferred Stock
Dividend, IL will remain, until paid, charge
against the net earnings of the Company prior to
ali rights of the General Stock. The Prefer red
Stock Will also be entitled to rank against the
property and assets Oh the Company III preference
to the General stock.
The General Stock will be entitled to the surplus
earnings when declared in dividends, after eight
per cent per annum upon the Preferred Stock shall
have been paid.
Dividends ON the Preferred Stock will be payable
quarterly.
Dividends on the General (Common) Stock will be
declared and paid at the end of each fiscal year,
and may be paid more often provided the full divi-
dend for the year upon the preferred shares
shall be first set apart.
DIRECTORS.
ROBERT W. SMITH. President, New York;
EDWARD LANCE, Vice President and Treasurer,
New York;
FRANCIS B. THURBER, President Thurber,
Whyland Co., New York;
ALFRED c. CHENEY, President Garfield National
Bank New York;
ROBERT j. DEAN of r. j. Dean Co., Bankers,
New York;
FRANKLIN W. HOPKINS S. V. White & Co.,
Bankers, New York;
WILLIAM H. BATES, Superintendent Trow City
Directory, New York.
Application will be made TO list the securities of
this company upon the New York stock Exchange
EXTRACTS FROM STATEMENT OF THE
VENDORS.
The business of the TROW CITY DIRECTORY
COMPANY now carried OF in its building corner
of University place and Eighth street, was estab-
lisbed in 1885, one hundred and five years ago.
1t has published the New York City Directory
annually ever since, with continuous profit.
The business of TROW'S PRINTING AND
BOOKBINDING COMPANY was established in
the year 1S2s, and its capacity as printing and
bookbinding establishment Is the largest, and its
pant one of the most perfect in the United States
The property Conveyed to the TROW DIRECTO-
RY, PRINTING AND BOOKBINDING COMPA-
NY Is described in the prospectus TO which reference
is invited for the details of its description and