New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-05-12
MESSRS JOHN H. DAVIS COMPANY, 10 WALL ST, NEW fOkA
THE United STATES TRANSFER and EXCHANGE ASSClAIlON
THEo
MANHATTAN TRUST COMPANY, NEW lVNn'
Are authorized to offer for subscription 100000 Of the pssSa
and 100000 Of the common stock Of the
JOHN B, STETSON COMPANY.
ORGANIZED UNDER rHELA STATE OF PENNSYLVANIA
Authorized Capital Stock. .,,,...
Stock.
Common s'ck"~--""""""
OF TIES HAR
,-esps nARRow WADE, NswtYOrk

scarcely any other soft hat Is worn. THIS con
Germ originates styles and manufactures largely up'
special orders from other hat makers Ihs iac' - In
portant, It lnsures the good Will and tehuly cooi
tion Of the trade.
The quality OF these goods has for them the most
envable reputation, securing for JOHN Il. sTETsON ~
CO. Grand Prize at the Paris Exposition Of 1883 over
all European well American competitors
One Of the strongest this business IL that
every hat manufuct ured Ii advance ORDERS and
Notwithstanding the large capacity Of the works. mas
been impossible to keep up with orders received
hence there Is n dollar invested or jeopnrdzed In
dead stock. The stock In trade at time consists
therefore, exclusively goods In process Of manufacture or
Of material principally in fur, whose value actually
Increases the longer 1t is kept in stock.
Mr. Stetson made extraordinary provisions for the
welfare his employees. his cost he has est9b
ished upon property contiguous library and
reading for their savings bank and building
society TO thrift; surgery and dspensary
under competent practitioners; and handsome chapel
where the families OF the employees attend service and
Sunday school moreover he has provided for e support
and maintenance Of these institutions after his DEATH
This the continuance of these unusual and beneficial
provisions without the company. None Of the
| employees members of any trade union, and tho
business is affected by strikes or labor disputes
arising from outside dictation.
Mr.. Stetson will act President for nve years or
longer II desired and agrees 10 take no salary for his
services for any year until the company shall have earned
net for that year per cent the preferred stock ana
IL Der cent upon the stock The present expert
enced reliable and valuable staff Of superintendent and
employees will also remain with the new company.
The business Of the firm is taken by the Company
o. Of Dec $780, subject TO charge at the rate OF
per per in favor Of the vendors to the date
OF transfer The books and accounts for period OF four
ending upon the above date have been examined by
| the well-known accountants, Messrs Barrow, WADE,
Guthrie Co. Of London Manchester and New'York the
result Of which examination is shown in the following
certificate
ACCOUNTANTS CERTIFICATE.
No. 1QO BROADWAY, NETWORK, April "A, 1891.
Messrs. John H. Davis & Co.,
Tho United States and Exchange Association,
New.York City
Dear srs:
Pursuant your instructions we have bad submitted
to us and carefully examined the books ana accounts
OF John D. Stetson G. Co.. OF Philadelphia, hat manufact
rer for the four wears ending December 1890
We after writing OF all bad debts nun charges
for repairs maintenance Of plant improvements 70 ouiia
ings all charges pertaining to the business e net
profits have amounted for the four years TO sl15s29274
eouaI 10 an average annual profit OF S2S9S231S
The net profits the last namely, to the first OF
December, 1899, were 1882,
The sales OF hats increased during each or the -FOUR
years named
We end also that the sales and profits for the four
months from Dec l. $780, 10 March 81 1891, have been
much larger for the corresponding period Oh any
previous year.
Detailed accounts showing the above profits have been
Yours truly
BARROW. WADE, GUTHRIE & CO.,
Chartered Accountants.
I TIE AVERAGE ANNUAL PROFITS FOR THE
| FOUR YEARS HAVE BEEN EQUIVALENT TO PER
| CENT. UPON THE PRBFERRED sTOCk, AND
| OVER IA PER CENT. UPON THE COMMON STOCK,
| WHILE FOR THE LAST YEAR THE PROFIT WAS
EQUAL TO OVER ~ 1-2 PER CENT UfON THE
| COMMON STOCK. AFTER FULL PER CENT.
UPON THE PREFERRED STOCK
The Company Is Incorporated under tbs laws OF the
where property located, fact which VIII be
| appreciated by conservative investors.
No bonds issued and under she Constitution OF he
State OF Pennsyvaua no indebtedness can be
created without OF the persons holding the
larger amount in value stock being first obtained at
a meeting be held after sixty days LAWFUL notioe
1t seldom that opportunity is presented for invest
ment In such stable long established and remunerative
business a. that under consideration, or nat securities
offering such safety and at the same time insurhg such
handsome dividends be obtained
tanning more detailed information
applications stock be obtained NJ the onces
OF any Of the bankers named above.