New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-29

The r,e,arrel stock Is entitled divdeno ~ te r
~ nor cent per annum from July /, leo' payao"
Of the earniags OF the corporation oeiofe any T.
set apart or paid the general tcon"no, -, o,.In
ca.e Of the non-plyment OF such uiN''e" :, .no com
until mid charge against the net earnings o. '' IN
na,r n,,o, 70 all rights OF the common stock Inc
common stock is entitled the surplus earnings Oh 1o
company in amount not to eNceeu ~ % 10 a,-
annum from the same date, non-eunhatFe'
s,,rplus remain, after the payment OF snch uN'N'u
,h co,no, stock and is divided dividends u Is 10 ~
divided 50 that each OF preferred stock ond eac ~
Of common stock shall receive the same piF' -, -,
The authorized capital stock Of the COMPANY = 80,
ooO Of which s175O,OoO Il preferred STOCK anu vic
49,. ~, ogs,ed ,or subscription are Issued as fuli'
Maid shares and non.aisessabe when taken anu pau "
as hereinafter specified The remainder o. the w.
offered for subscription has been taken by tue o1
at par in part payment Of the trahsleF u '' pF
the company. ,.--.-..,, aud
II "A proyids ID in the certificate Of Incorporation 'Su
,so in the by.llw. that bond o; this company ~"
be issued nor shall any mortgage be maze uIoh 'S "
,roper.y without the consent OF at leas'
- nor cent? Of the preferred and also OF the common
stock The voting powers Of both classes Oh S'''A' "
the ,..,.,d o., the
The stocks Of the company Will be rc9hteru ~ ~"
Farmers Loan and Trust Company ana epp''"''o
be made list them on the Ncw-fork ana h'''0" "''
Exchanges. 49,, .o.o .,
The pre.ent company has been formed for the pipo'e OF
acquiring and carving on the weknown business OF the
Rhode Island Horseshoe Company OF ffo'iusiIe' ~ 80
viz the manufacture Of Horse.Shoes ana I0eOHlAS'
7, T. intended 10 continue the business under the exist
, aago0e,t with Mr. f. w. Carpenter as President.
ord NJ w Comstock a. Secretary, and they are Ho' !"
engage IN any competing business for perou Oh te
Tbo ceneral Manager Mr.. Charles II. Perkins l. ue
inventor Of the special machinery which mas aseH 'o
trbu,d 70 the results already attained ana he asEe ~
remain in personal charge Of the manufacturing
fr At least FIVE years and also not to engage III
for ten years. -, -,.uLuonoos
The new company acqure' free OF all
all tho r,or,y OF the vendors used in connection Win inc
business. including the real e-tate. property ~
,.es nxed pant machinery. tools all patents anu '.
GOOD will Of the business, and quick sets conN'' "
and manufactured Ha'eri'iS '"N N
together TO S3j0OOO. ,,. 90
ma r,oror,y and business have been Thoroughly eA
opined and investigated by dslnteresed eommtfe vi
three gentlemen OF the highest standing known apiS
ard experience. Mr.. william Corss' lrs7lusi1 V"
the CorlIss safe and Vault Door Company oil fo'
II l. Mr. Gardner C. Sins, OF the Armh9to' a"d niH
Engine Company, and the iIoa Jonathan Chacf d is.
,,on napufacturer and late Unltd States senator from
hote Island all Providence who, IN thclf eNn'ns'e
,enort state their estimate and conclusions a. too"9
assuming that the general management OF 'l' Oi'
cs e. continued without change and the genera pocy
,dt,o "a conduct Is continued the committee have IN
Wow Of all considerations Ned upon The sum OF F@'o'
coo a. reasonable and conservative estnat' OF 'tS ci'
whine To th, should be added $"1oooO u'e aAo'' VI
the guaranteed cash assets
m, history Of the company back some seventeen
,oars when the works established at valley Fa!t'
- ,ts nor, Of Providence The business now carried
q, T. the manufacture OF orseShocs and Toe-CalAS OuU
tho nlant could be increased By very 'ml eApehu'"e ~
a. ~ produce blr made from reFoed scrap 'ron io
which roduct there good demand at fRify rc"uera-
two rices The supply Of scrap iron III the NrlY II
always ample and be purchased at 10" pr!es' Inc
onanv manufactures from best wrought scrap all Tue
ron used in maSlng Is hoFseshoes ana ff'is IRON gp
steel the steel is used IN the manufacture OIL LOG