Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-11-18

The 10000 shares Of Common Stock
{ d red tor subscription are fully paid and
non-sssssssbie. During the past two years
dIv.deEGs Of IL 2 per cent. per Rnnum
have been paid upon the stock. and for the
last fiscal year, ending July 81, 1891. over
IS per cent. could have been paid had the
directors not called in and cancelled S306.-
900 worth Of the debentures Of the Gem
pany.
The Common Stock 10 entitled to the err
iire profits Of the business each year after
the debenture interest xad per cent. div
dend on the preferred stock have been psid.
These fixed charges amount to sl02, $50,
whilc the average yearly profit for the past
rice years has never been less than four
times hi. amount. and for the last two years
has been nearly five
The following facts may be mentioned
among the may favorable features con-
& Co, L mlted.
Ii il the largest house Of its kind in the
world, its preparations being sold by neatly
one million druggists, chemists, grocen,
and general store dealers 10 almost every
civiliz, country II the globe. The vide
spread popularity Of these preparations 10
the best evidence Of their merits.
The business Of Company is virtually q
mouopoly, consisting as it does Of the man
ufsctuie Of spstialities, the trade nance
ard marks of which are secured and regis
tered il all the principal countrie, Of the
world, and are thu property OF the Com
psny forever.
The Company has no liability beyond iss
DsbeDtures, OFFICIALLY amounting TO e727,-
900. hu, reduced during the pas. year to
S42l 800, and the current debt incident to
all LARGE concerns
III, enterprise is not "one-nxn busi
ness" Although still under the general
management of the man who started and
made i. such wonderful success, there is
plenty of material in the employ OF the
Company to continue the business SUGGEST
fully should aoy Unforeseen accident charge
that msasg-mel...
As the business is 80 going concern"
paying enormous dividends, shareholders
will receive an almost immediate return
from their Investments.
The Company has returned to lite common
shareholders during the last two year 30
Der cent. Of their Invested capital, that is to
say, for every 500 invested they have re
ceiyed S35 in dividends, besides having the
value OF theft share $ increased by the car
collation. of nearly re-hslf the Compsn,'s
ID sbe n.ures, and the accumulation OF =
reserve.
The state ant of profits, both before and
since capitalization. as given elsewhere 10
this prospectus, shows tn 1t the business 10 &
progressive one; and it is believed ihat the
future will show even largely increased
profits from the fact that the European
business is growing rapidly.
The future earning power of the business
10 assured by the fact that the majority of
the Common Stock Is held By the m en- Who
originated ii. and under whose careful
MANAGEMENT it has been so successful in
the past.
NATURE OF THE BUSINESS.
The bu siness Of H II Warner & Co
Limissd d, consists Of the manufacture Of
proprietary medicines and preparations,
known as Warmers Safe" Remedies and
Warmers Safe" Yeast, aud WAS started ~
the Hon. H II Warner at Rochester. N. Y,
10 1879 Offices sni Lsbors'or:es are es-
tablished in Rochaster, N. Y; Toronto,
Canada; London. England; Ftankfort-or-
the-Maio, Germany; kreuziingen, Swift
zsrland; Melbourne, Australia, and Dure
din, New Zealand. The establishment OF
the office and laboratories outside Of Koch
ester, N. Y, was render d necessary, ovi1g
to the enormous increase Of the business
and the widespread demand for he prepare
tons.
PROPERTY CONVEYED.
The price paid by the Company for the
entire business xs on July 81. 1889. includ-
10 =, tho 0ood will ire j., maria in all OYinci
psi countries and which are perpetual, pre-
scripiions aud recipes, real estate and
Isssehod properties and buildings in
Americs and else there, fixed and M vAbie
plant and machinery at Rochester and the
different branch houses, cash in hand and
al banks, the stocks in trade (consistiag of
wholly and partly manufactured stock raw
material and adventist 9 matter. furniture
and all property used IL come son with
the II nness 10 all pats OF the world. to-
e,her with the benefits Of all current con-
tracts entered into by Mr. Warner in rela
ii On thereto, was 50 395 600 Siace that
time the increase Of business AID enlarged,
earring capseiy Of the concern have added
largely 10 the value of the property.
EARNINGS BEFORE CAPg TALIZA
IlON. z-t
Prior to its cspitslizsti and rsahiz alton
as in English Co np,ry 10 November. 1883,
the busiaess was thoroughly examined by
English accountants The real estate and
plant were vaued b. Competent sppra sers,
and the pas. history Of the business. espec-
tally 10 the way Of profits, was subjected to
the most rigid scrutiny. According to the
certified st4'enelt mate BY tht re sccnun'-
~ To Ar ri fhn v'ptfnI