Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1891-07-21
STANDARD CHEMICAL COMPANY

Offer 500 Shares of Their Treasury stock
at $25 Per Share in Lots to
Suit Purchasers.
The Price VIII be Advanced TO $50 Per
Share as soon as This Lot Is sold If
the company Decides to Offer
Any More stock to
the Public.
The Standard Chemical Company was incor-
porated in June, 1890 Capital, 81, 00O,WO oil
vided into 1000 shares OF SlO0 each; full paid
and unassesSable.
Factory AID laboratories, Jersey City, n. j..
Offices, 80 and 90 Broadway, New York.
After this come some rhetorical flights
almost worthy Of Sellers himself extoll-
ing the alleged merits Of the prepare
tiOn and the way In which the human
race will shortly be clamoring for 1t;
aud then, in bigger type, 1t is set forth
that ''the stockholders will be richly re-
warded in substantial dividends, as the
company will pay DIVIDENDS OF 100
PER CENT. PER ANNUM on stock
costing only $50 per share and accumu-
late handsome surplus beside" Or
course such an announcement as shis
is sufficient to proclaim the character Of
the scheme 10 every business man whose
eve lights upon il, but IL fascinates the
ignorant aud inexperienced and draws
the hard-earned dollars from their loan
pockets
LOIS OF STOCK, BUT PROPERTY
With copy Of the brilliant adver-
tisemeut from which these extracts are
made called upon President Dunn and
asked him in which State his company
was Incorporated. New Jersey. How
much OF this treasury stock" was
there? Just 100000. For what pur-
pose was IL being sold? To raise work
ing capital-capital to advertise the
medicine-they wanted TO cover the
whole country at once with its merits;
no slow growth would satisfy the COM
many. Where was the remaining $780,
600 of the stock? Oh. 1t was in the
hands Of-of strong holders. What
property did the company own to rep
resent all this stock which had been
sold? Well, they had the-the bust
ness and the good will and the material
and machinery in the factory and
laboratories.
While this conversation was in
progress was scanning all the printed
material lying about trying 10 ascer-
tain where the laboratories and the fac
tories we're located. Numerous bottles
Of the medicine were at hand, and the
neatly printed yellow label on each bore
q picture Of a substantial factory build
ing. with the address, Jersey City, n.
J."-nOthing more definite. finally
asked Mr.. Dunn for the exact location
Of the factory and laboratories" and
he slowly admitted that the address was
Washington and Morgan streets. l
may say right here that after this in
terview l went to the spot Indicated and
found that the factory and lab
oratories" consisted Of floor
which Mr.. Dunn had recently
hired-the top floor Of four-story build
ing recently rented. The other floors
hore big 'sTo Let" signs. There was no
bnsv hum OF labor about the place. In
fact II seemed deserted save for a small
how who was in charge. Mr.. Dunn had
gone over there directly after the inter-
view and told the aforesaid small boy
that if anybody called TO see the place
he was 20 say that it was private and
that no one was to be admitted. Pre-
viousIy any one might have secured ad-
mission who could have found the place,
but there was no sign to indicate by
whom the floor was occupied or ior
what purpose 1t was used.
ssvoRTH THAT IF IT'S WORTH ANY
THING"
There was suspicion of the facts In
my mind when during the interview l
aaked Mr.. Dunn II Ii were not fact