Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-10-12

The Preferred Stock is eatitled to a cumulative
ferred dividend Of per payable semi annually
On January and July /. and. in addition. to pro-
rortonats share Of ali diyl-Dds declared in
after cent has been the other stocks out
standing The Preferred stock has also q preference
In the assets Of the company Of liquidation
a. other stocks.
Tne authorized capital stock of the Company /.
$4,000 OOO of which 81. 600 600 Preferred Stock.
shar-s. $50 each.
The portion offered for subscription will be full
paid and zssessabIe when taken and paid for here
under.
Application viii be made 70 list the stocks on the
New York and Boston STOCK Exchanges.
Tie PROCEEDINGS taken by the Company to create
this issus Of Preferred been submitted
couEsei and they advise US that the reorganization
ard this issue ot Preferred are valid law.
The business of the Westinghouse Electric and
Manufacturing Company has grown to its present
large proportions in about Eve years Its growth has
been not only rapid but continuous. and has fully
heps pace with the remarkable development Of the
electrical industry. Sales are as follows:
emOnths. from 1st April to 3Ist De-
ceHOer. lSc6t Observation-Disclosures. sl41,Si6 al
IL months. to 3lst December, lSS1... S7i. .657. 81
IL months to 3lst December. 1sSS.... 1.2ss 569 Al
II months. to 31st December. lssJ... 3.6IS.31e 81
IL months. to 3Ist December. 1880. 1850 OS6 81
Tne Company Manufactures its apparatus at three
fully equipped factories located. respectively, at
flttsbur-. Pa. Newark. n. j.. and New York city.
which furnish exceptionally ple,e facilities for the
narufacture of all kinds of electric light and power
sppa-atus
The Company relies chiefly for success upon the
CualIty nd Of
although has Ore than thousand patents afford
inx valuable protection against competition.
The Company Will continue to have the benefit Of
the mechanical and ability founder
Dir WESTINGHOUSE
We have made estimate Of the assets Of the COM
biIed Companies, and our examination has led to
believe that. after making literal deductions for all
foreen eontnssncies the assets OF the reorganized
Company will furnish ample security for the total
issue u Preferred Stock. without taking into copsid-
GRAFTON the value of the patents at ALL and that the
~orkinS capital will be fully sufficient conduct the
business on economical basis. the saving in the in
terest account alone being sufficient pay full div
idends this issue
subject to certain reservations detailed in the pro-
spectus the examination of accountants shows an
AVERAGE profit Of s4i3. 40 SO per anaum for the
yeriods considered
We invite subscriptions 10 the above mentioned
Preferred Stock at PAR. payable follows.
10 PER CENT ON APPLICATION.
30 PER CENT ON ALLOTMENT.
30 PER CENT ON I'd NOVEMBER
30 PER CENT ON 23D NOVEMBER.
Subscribers have the option Of paying in full fo- the
stock allotted to them. and interest the anticipated
payment viii be allowed the rate o. De. cent Der
s-num-
scr1ptions and 10 make sIotuents of less thar the
Amounts applied for In allotment preference will be
Fven. 50 far practicable, those stockholders as
seniinx to the recent plan Of reorganization and to
employees and dealers in the Cou.Yaay's Inanufact-
ures-
The failure the part Of the subscriber 20 paw any
.nstsiiment when due shall operate As forfeiture Of
AL previous Payments.
The subscription list VIII open simultaneously nj 10
O'Clock Ana-. on WEDNESDAY. the 18th day o, octo-
tsr 1881. and close ii O'Clock on FRIDAY the
1oih day Of October. 1881. st our Offices
AUGUST BELMONT CO.,
% Nassau ST.. New York.
LEE. HIGGISsON CO..
Al State S.. Boston.
Copies Of the Plan Of Reorganization the prospectus
With full details and forms Of APPLICATION can be OBJ
tanned At the Offices above mentioned.
The subscription tor the entire amount of the Pre-
ferred Stock above offered has been guaranteed by
1-aerNri'ers In this country ocl2,l4