The Portland daily press., 1891-11-17

:, According to the official statements of
the above named company, the 10000
shares of the Common stock offered
for SUBSCRIPTION are fully paid and non-assess-
l11s per cent. per annum have been paid upon
the stock, and for the last fiscal year, ending
July 81, iS9l, over 80 per cent. could have
Deen paid had the directors not called In and
cancelled 100000 worth of the debentures Of
the Company.
profits OF the business each year after the de-
benture interest and 8 per cent. divided on
the preferred stock have been paid. These
liked charges amount to $102,86Q, while the
average yearly profit for the past nine years
has never been less than four times this
amount, and for the last two years has been
nearly five.
The following facts may be mentioned among
the many favorable features connected with
the business Of H. Fl. Warner & Co., Limited.
1t Is the largest house of its kind In the world
million druggists, chemists, grocers, ana gen.
eral store dealers in almost every civilized
country on the globe. The widespread popu-
larity OF these preparations is the best evidence
of their merits.
The business OF the Company is virtually
monopoly, consisting as it does of the manufac-
ture Of specialtieS, the trade names and marks
OF which are secured and registered In all the
principal countries OF the world. and are the
property OF the Company forever.
The Company has no liability beyond itsDe'
pentures. originally amounting 70 S727 600,
but reduced during the past year to S421 800.
and the current debt incident to all large con-
Germs.
The enterprise is not a "one-man business"
Although still under the general management
OF the man who started and made 1t such Won
derful success, there Is plenty OF material In
the employ Of the Company to continue The bus
mess successfully should any unforeseen acct
dent change that management.
AS the business is "a going concern" pay
ceiye an almost immediate return from their
investment
The Company has returned TO its common
shareholders during the last two years 30
per cent. Of their invested capital, that is TO
say, for every 500 invested they have received
S35 in dividends, besides having the value of
their shares increased by the cancellation Of
nearly one-halt the Company's Debentures, and
the accumulation OF reserve.
The Statement OF profits, both before and
since capitalization, as given elsewhere in this
prospectus shows that the business is pro-
gressive one; and 1t Is believed that 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 is
assured by the fact that the majority of the
Common Stock is held by the men who origin
ated it, and under whose careful management
IL has been so successful iu the past.
NATURE OF THE BUSINESS.
The business Of II. H. Warner s. Co. Linn
ited) consists OF the manufacture OF proprie-
tary medicines and preparations, known as
Warmers Safe Remedies and Warmers
Warner at Rochester, N. Y, in 1879. Offices
and Laboratories are established in Rochester,
N. Y; Toronto, Canada; London, England !;
OBSERVATION-DISCLOSURES; Germany; KreuZlns
gen, Switzerland; Melbourne, Australia, and
Dunedin, New Zealand. The establishment of
the offices and laboratories outside OF Roches-
ter, N. ", was rendered necessary owing to
the enormous increase of the business and the
widespread demand for the preparations.
PROPERTY CONVEYED.
The price paid by the Company for the en-
the good will, trade marks in all principal
countries and which perpetual prescr1p-
tons and recipes, real estate and leasehold
properties and buildings in America and else
where, fixed and movable plant and machin-
cry at Rochester and the different branch
houses. cash in hand and at banks, the stocks
in trade consisting of wholly and partly manu-.
featured st0ck), raw material aud advertising
matter furniture and all property used in
connection with the business In all parts of the
world, together with the benefits of all cur
rent contracts entered into by cir. Warner in
time the increase of business and enlarged
earning capacity of the concern have added
largely to the value of the property.
EARNINGS BEFORE CAPITALIZE
TION.
Prior to its capitalization and organization
as an English Company in November, 1889,
the business was thoroughly examined by
English accountants. The real estate and plant
were valued by competent appraisers, and the
past history of the business especially in the
way of profits, was subjected to the most rigid
scrutiny. According to the certified statement
made by these accountants, the average yearly
profit of the UNITED STATES BUSINESS
noy14