Morning journal and courier., 1891-05-18
EtnatlcfaI.

Sl. LOUIS, MO. l ORGANIZED UNDER THE LAWS OF THE l STATE OF MISSOURI.
 AUTHORlZED CAPITAL STOCK.
 5000 Shares of Preferred
 Cumulative per cent.
 stock, $1,5OO,O0C
 15,OOO Shares of General
 (Common) Stock, s1,5OO,oOC
 Par Value of all Shares, $1OO. ! All Shares issued are Full Paid
 Stock. Stockholders have no person.
 and employees occupying imPortan,
 positions hold all tho common n stock.
 none of which is for sale.
 The ylaws provide that no bond or mortgage
 can be created without the consent of 90 per cent | of the preferred stockholders, also that this pro l vision cannot be altered except by the like af ! frmative vote.
 l SIMMONS HARDWARE COMPANY was or ! ganized in 1874 dealing in Hardware, Cutlery | Tinware, Stamped Ware, House Furnishing l Goods and Sporting Goods. l The Company is the oldest mercantile incorpo- rated jobbing hardware house in America.
 The Preferred Stock will be entitled, from and after January ]. 1891, to cumulative preferential | dividends of seven per cent. per annum, payable out of the earnings of the Corporation before . | Dividends on Preferred Stock will be paid semi-annually, Feb. 15 and Aug. 15, at the St. | Louis Trust Company, Transfer Agents of both l classes of stock.
 1 10000 SHARES PREFERRED CUMULATIVE PER CENT. STOCK Are now offered for public subscription at par Subscriptions will be payable as follows: 10 per cent. on application. 30 per cent. on allotment.
 Der cent cent i'm i'm s6 $ay. aftsr .n9 aaLot The subscription list will be opened simultane- ously at 10 o'clock a. m. on Monday, May 25 1891, and will close at o'clock p. m. on Wednes- day, May g, 1891, at the offices of s. V. White & Co.,, New York and Chicago.
 International Trust Co.,, Boston
 St. Louis Trust Co.,, St. Louis, Mo.
 Simmons Hardware Co.,, St. Louis, Mo.
 Allotments, in accordance with the terms of the prospectus, will be made as soon as practicable. Extracts from Statement of Vendors. is the largest establishment or it's kind in the world. 1t was organized Jan. l, 1874, and was preceded by concerns in which its present Presi- dent was a partner from S65 to STA. The entire period of tvventy-six years shows an unbroken line of successful and profitable business years.
 The Company is now managed by its orignators and incorporators, all of whom will continue in active management Cif elected by the stockhold- ers) for at least five years and agree not to en- gage in any competing business for period of ten years thereafter.
 The Company is as widely and favor. ably known as any mercantile concern to Roatmen's Bank, St. Louis, and American Exchange National Hank, New York. Its customers in 1890 numbered over twenty thonsand. The Company deals almost entirely in articles of practical utility, embracing a very large line of specialtes and edge tools, the uniform stand ard and excellence of which frequently causes a l demand in the market largely in excess of the | supply STATEMENT OF ACCOUNTANTS
 Il Pine St., New York May 1, 1891. ! HARDWARE CO.,, St. Louis, Mo: Gentlemen-We have examined the books and | accounts of your firm for period of five years viz, from Jan. l, 1886, to Dec. 31, 1s90 and we l as follows:
 For year ending Dec. 3, 1SS6, S123,5 .38 For year ending Dec. 31, 1887, 291, ,sa667 For year ending Dec 31, 1888, 23a175o2 For year ending Dec 31 1ss9 321, ,1ao6o For year ending Dec 31, 1890, 3S9, ,7e1 s4 Or an average of Sa62, ,o97. 10 yearly.
 The results were obtained after charging off all expenses, rent, interest on borro wed moneys, salaries of officers, heads of departments and of every other description, and all expenditures in- 'idental to the business, including depreciations ,f fixtures and leases
 In addition to the above examination we find lpon looking over your books that for the past ixteen years they show an unbroken succession # profitable business results.
 The sales of 1890 exceeded g, ,OOO,OOe.
 Yours respectfully,
 WALDEN, BROOKS & DONNELLY Messrs. S. V. White & Go. have investigated the usiness affairs of Simmons Hardware Company nd recommend the Preferred Cumulative per ent Stock as an investment entirely worthy of | ublic confidence
 Prospectus containing full information, to- ether with forms of application, may be obtain d at the various offices where subscriptions will e received. my1s 232t