New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-08
fiilancldl. --..----
Rhode Island
Perkins Horseshoe Go.
INCORPORATED UNDER THE LAWS oS
THE STATE OF NEw-JERsEY.
SHARES, 500 EACH.
FULLY PAID AND WORCESTERSHIRE.
MAITLAND, PHELPS & CO.,
NEw.YORK,
RHODE ISLAND HOSPITAL TRUST CO.,
RICHARDSON, HILL & CO.,
Are authorized TO offer for subscription
$875,OOO
7%CumuIative Preferred Stock,
100000
Common Stock,
OF THE COMPANY.
OF THE COMPANY

from July 1, lo3i, paysDe ouS :"
the earnings corporation before dividend Is Sc
apart or paid the general (common) stock In case
the non.payment OF such dividend It shall remain unit
paid, charge against tho net earnings OF the company
prior all rights of the common stock The common soc'
Is entitled the surplus earnings OF tho company IN
amount not to per per annum from the saH'
date non.cumulatve If any surplus remains aiter TN
payment OF such dividend 10 the common stock ana
dividends It IS to be divided so that each snare
preferred stock and each share OF common Stock sha
receive the same part thereof
The authorized capital stock Of the company Il
81 co., OF which s1750000 Is preferred stock, ano
the amounts now offered for subscription issued Us full
paid shares and when taken and paid FOL
IS hereinafter specified. The remainder OF the stocks
not offered subscription has been taken by the old com
pany par part payment OF the transfer Of the prop
erty TO the new Company
1t is provided in the certificate incorporation and also
in bylaws that bond OF this Company shall be issued
nor shall any mortgage be made upon Of It's property
without OF at least seventyve per cent 90
per cent? Preferred and also OF the Common STOCK
The voting powers both classes Of Stocks the same
The Stocks Company will be registered at the
Farmers Loan Trust Company, and application Will
be made to list the NewYork and Boston Stock
Exchanges.
An examination of the results Of business of the
company by Mr.. stephen Little, lately First Vice.
President of the Association of American Railway Ac-
counting Officers, and certified to by him, shows that
the profits for the five ending June 30, 1881,
were follows;
1883 --..........--.-.--.--.---.--.-- SOo,
1859 SAo,Sof'S|
1890 OBSERVATION-DISCLOSURES. 26J, 44S52
An average of s262,654.73 each year-an amount
more than sufficient pny I II per cent the
ferred and II Ii per 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 GNCLUDING COST OF
NEW MACHINERY, &C., &C. TO COST OF PRO-
DUCTION.
BY new invention recently MIR. Perkins (or
which seven patents have already been granted and
allowed, for the manufacture Of what IL
knownas n Toe Weaht Shoe 10 II confidently expected
yearly profits viii be largely increased
and above the general and natural growth of the
business.
The company has been organized, the property
veyed and the been issued in accordance with
the advice of Messrs. Evarts, Choate IL Beaman, of
New York. and james VI. Ripley, Esq, of Providence,
X. l.
Pursuant resolution offhe Board Of Directors,
half of all dividends declared the stocks of
the of earnings for fhe period from July
1891 July 1, 1892, is payable to stockholders Of
record ofJan. l. 1892 and the other haf in amount Of
all such dividends IL payable the stockholders of
record of July 1, 1892.
We invite subscriptions mt PAR to stocks of the
above company. emitting fhe holder TO one.hnIf In
of all dividends declared thereon Of the
earnings of the company for the period from July 1,
1891, TO July 1, 1892.
Payments will be as follows;
10 PER CENT. on APPLICATION,
30 PER CENT. ON ALLOTMENT.
20 PER CENT. ON JAN 5. 1892.
a instalmens may be paid under discount ut the
OF per n. per
The failure pay any instalment when due mny
operate a forfeiture of all previous payments.
AIoimenfs will be made Immediately after the sub
scriptiOn closed and I'm where IL IL practi
cable make any allotment the amount deposited on
application will be returned soon as possible.
The right IL reserved to reject reduce appli-
cation and subscribrs to accept such reduced
amounts, also. close the subscription books at
time without notice
Receipts will be given for the several instruments
paid Certificates will be delivered when the
final pa yment made, but until after Jan
1, 1892.
Books will open Dec 9. and close not later than
Dec. o, 1891.
MAITLAND, PHELPS & CO.,
NETWORK.
RHODE ISLAND HOSPITAL TRUST CO.,
PROVIDENCE, r.. 1.
RICHARDSON, HILL & Co..