St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1891-03-05
STATEMENT NF VENDORS.


these concerns consists of the manufacture
and sale of saltwater apparatus and sup
plies, and bottling machinery in all it's
branches. i'll which department of industry
they constitute the principal establishments
in the world.
Property COnveyed.-The property
conveyed consists of real estate free and
clear OF remembrance; the entire manufact-
urlng plant of each of the several concerns:
their large stocks of goods, manufactured
and in process of manufacture; materials.
machinery, appliances of all descriptions
letters patent of the United States to the
number OF more tnan one hundred and forty
and the gOod will of all the old concerns:
bills receivable helq by the several vendors
are also included. to the amount OF S50OON
The payment of each of these is guaranteed
to the company by the vendor III whose bust
ness 1t originated and working capital will
thus be provided equivalent TO S5O0000 III
money.
The property conveyed to the company
may be thus summarized:
Seal Estate. SII7.S69 7S
Stock OH hand AT Cost l.352,I3O %
Manufacturing Plant.
at much below cost 2OO.OOO 90
Working Capital to be
provided as above 100000 90
s2,2OO,OOO 90
The above includes nothing for the patents
by which the goods manufactured by the re-
firing firms are protected or for the good win
which, with respect to each concern. repre-
sents a continuously successful business
career, extending, as TO two of them. for
more than fifty years, and. as to the other
two for considerably more than quarter Of
d century.
Ekae books and accounts Of eacJ.
OF the vendors have been submitted
to MessrS. HART BNOTHEEsg.
TESBE'A"fS Il COMPANY. tIae we'll
known expert accountants. from
whose certificate, which is sea forth
in full III the prospectus, The fol-
lowing il an extract:
tE,E'lne -SGGsES a29:AT SALES FOER,s
.t'EE5E FASH' FOUR YEARS EsAVElss
s BEEN SlO.I32,J i.66, El4tAL''
sS037.9I PEE &NNUM.
.''E'EE NET PROFITS FOR TEEgG:s
"SAME PERIOD HAVE BEEENss
Isl 81 .6O9.56, OR AN AVERAGE,
"OF 81 80. 4O2.33 PER ANNOEl.
The profits for the last twelve monthsn.
show a considerable increase over those Of
any former year. and the sales have PROF.
''gressed steadily, as evidenced by the fol-m
lowing statement covering the period un II
der examination:
1887 Total Sales. S2,i27,439.II~
'lSss ..-...... 20 2.329s95s'
1870. ......... 2.63Y.42S.i9,,
''SIO.I52, I.66n
CHART BROS. TTEsREI1TS & CO.'S
II will be seen that the average yearly profit
for the past four years has been SHl4y2 80.
Taking this as basis and dedncting
SIX per cent? Il pom 81 sSJO.OOO
First preferred stock $4,000 90
Eight per cent. upon 81, 2504OOO
Second preferred stock zoe. 10000
And salaries OF
SIX former owners who
remain as managers -. 100000
THERE REMAINS APP
PEHCARLE 10 DaEE-
DENDS CP0N THE
COMMON STOCK THE
WEIGH rs EoUIVALEN'r 70 iTS' II
PER CENT PER 4ANNUn
THE VENDORS AGREE To RETAIN the
ownership for five years or more of al least
10000 SHARES OF the companv's stock. rem
resenting at par Si,O00,G01 and consisting If
5000 shares OF Common Stock and 5,OO1
shares OF Second Preferred Stock These Sc
curities will be placed in the possession OF
the Boston Safe Deposit and Trust Company
for the period mentioned
MessTs. =. v. bite Il Co. aud wall
ter =. blanchard. Esq, President OF
the AEetrOpoIitaH National Bank OF
Boston. have Investigated. the busi-
ness affairs OF the several vendors
and recommend The secuYitfeS
offered as entirely worthy OF public
confidence.
PROSEECTUSES AND FORMS
OF APPLICATION NAV HE OF.
a'AANED AT THE VaREOGS
OFFICES. WHEFsE SaYsS(ERP.
TEONS WILL RE RECEIVED.
SUBSCRIPTION LISTS WILL. CLOSE
WEDNESDAY,, MARCH IL, 1891.