New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-04
$4,000
7oaCumulative Preferred Stock,
100000
Common Stock,
DE TILE COMPANY.

preferred
Of per cent per from July L. 1891 payable out Of
the earnings OF corporation before any dividend is set
apart paid the general common) Stock In case %
the non payment OF such dividend IL shall remain until
paid charge against the earnings of the company
prior all rights OF the common stock Inc common sooN
is entitled the surplus earnings OF the company IN an
exceed 10 per cent per a1num nom te SANE
date non.cumuative. If any surplus remains aer he
payment such dividend to the common stock ana IL
divided as dividends It To be divided 20 that each snare
preferred stock and each share oil common SUCK sna
receive the pat thereof.
The authorized capital stock Of the company IL
g. co., Of which $50 900 is preferred stock ana
offered for subscription are issued as f
maid shares and non when taken and psd for
hereinafter specified. The remainder OF the Stocks
for subscription has been taken by the old COM
pany par in part payment OF the transfer oil the prop
erty TO the new company.
IL provided in the certificate OF incorporation and also
IN the bylaws that no bond Of this Company shall be issued
shall any mortgage be made upon any OF It's property
without the consent OF sevenyve per cent us
per cent? the Preferred and also Of the Common Stock
voting powers OF both classes Of Stocks are the same
The Stocks Company will be registered at the
Farmers Loan and Trust Company, and application VIII
be made list them the New.York and Boston Stock
Exchanges
An examination of the results Of the business of the
company made by Mr. stephen Little. lately First Vice.
President the Association of American Railway Ac-
counting Officers, and certified TO by him, shows that
profits for the five ending June 80, 1891
were AZ follows;
1887 5000 S82.33
1883 Observation-Disclosures. 265,147.OS
1889. 243So4.S1
1880. 263,44S.o3
1891 20S,86O.S5
An average of S262,654.73 each year-an amount
more than sufficient to pay Ia per the
ferrcd and / Ia per cent. the common stocks.
THESE PROFITS ARE THE NET RESULTS ARIs-
ING FROM THE BUSINESS OF THE COMPANY
DURING THE PERIODS STATED, AFTER CHARG-
ING ALL EXPENDITURES UNCLUDING COST OF
NEW MACHINERY, &C., &C. TO COST OF PRO-
DUCTION.
BY invention recently made by MIR. Perkins for
which patents have already been granted and
are allowed for the manufacture Of what Is
known Toe Weight shoe. IL IL confidently expected
yearly profits will be largely increased
and above the general and natural growth of the
business
The company been organized, the property con-
veyed and the stock has been issued In accordance with
the advice of Messrs. Evarts, Choate IL Beaman. Of
New York, and james VI. Ripley, Esq, of Providence,
r. /.
Pursuant 10 resolution the I'd of Directors
half all dividends declared the stocks Of
the company of earnings for the period from July
1891 July 1, 1892, Is payable to stockholders OF
of JAM l. 1892 and the other half In amount Of
all such dividends is payable 10 the stockholders Of
record of July 1, SOP.
We invite subscriptions mt PAR TO stocks of the
above company, emitting the holder to one-half In
amount of all dividends declared thereon out Of the
1891 10 July I, 1892.
Payments will be rs follows;
10 PER CENT. On APPLICATION,
20 PER CENT. On ALLOTMENT,
20 PER CENT. ON JAN 5. 1892.
or all iustamens may be paid up under discount Mt the
rate Of per per annum
The failure pay any instaiment when due
operate - n forfeiture Of all previous payments.
AIlotments will be made Immediately after the sub
scriplion closed and in where 10 Is pract
cable make any allotment, the amount deposited
application will be returned as soon as possible.
The right IL reserved reject reduce appli.
cation and subscribers TO accept such reduced
amounts Also close the subscription books my
time without notice.
Receipts will be given for the several stalments
paid and stock Certificates will be delivered when the
final pny nent been made but until after Jan.
l. 1892.
Books will open Dec. ,. and close not later than
Dec. o, 1891.
MAITLAND, PHELPS & CO.,
NETWORK.
RHODE ISLAND HOSPITAL TRUST CO.,
PROVIDENCE, n. 1.
RICHARDSON, KILL & Co..
November % 1891