Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-03-02


SUBSCRIPTIONS WILL BIZ PAYABLE AZ
FOLLOWS:
10per cent on application
3oper con-, on allotment.
0per cent March %. 1891.
Soper cent April 9. 1891.
THE SUBSCRIPTION LISTS WILL BE OPENED
SIMULTANEOUSLY AT 10 O'CLOCK AN ON
MONDAY. MARCH 9. 1891. AND WILL CLOSE ON
OR BEFORE O'CLOCK Pm on WEDNESDAY.
MARCH IL. 1891. AT THE OFFICES OF
s. " WHITE CO., 80 wan.st.. New York. and
Sherman ST.. Chicago. Ill.
CHATHAM NATIONAL BANK. New York city.
BLACKSTONE NATIONAL BANK. Boston
METROPOLITAN NATIONAL BANK, Boston.
NATIONAL BANK OF THE REPUBLIC. Phils-
delrlia.
SOUTHWESTERN NATIONAL BANK. Phila-
delphia.
FIRST NATIONAL BANK. San Francisco. Cal.
JOHN H.. MATTHEWS. 3s3 East 2oth ST.. New
York city.
JAMES W. TUFTS. Boston or New York
CHARLES LIPPIScorT, Philadelphia OF Chicago
ALVIN d. PUFFER. Poston or New York
From whom prospectusss and forms OF application
can be obtained.
An shares issued will be full paid stock. Stockholm
ers will have no personal liability.
There is no mortgage any property Of the COM
pany and the bylaws provide that no bond OF mort
ssSecsn be created without ta- consent of ninety per
cent of tie preferred stockholders and that this pro-
vision cannot be altered except by the like affirmative
vote
This company is formed to take over and carry on
the business of manufacturing soda water apparatus
and supplies hitherto conducted by the following
establishments:
fhE FIRM OF JOHN MATTHEWS. NEW YORK.
Established ISs2.
A. d. PUFFER SONS MFG CO.. BOSTON
Established 1872
JAMES ". TUFTS. BOSTON.
Established 1853
CHARLES LIPPINCoTT CO.. PHILADELPHIA.
Established 1872.
The business transferred IN each is taken over
from January 1. 1891. The company has no debts or
liabilities of any description whatever except oba-
tons necessarily incurred in the conduct of business
since that date.
REGISTRAR OF THE STOCK
BOSTON SAFE DEPOSIT AND TRUST COMPANY.
BOSTON
TRANSFER AGENTS IN NEW YORK.
MEssRs. g. Y. WHITE AGO.
AUDITORS
HART BROTHERS. TIBBETTs 4 CO., LONDON
AND NEW YORK.
DIRECTORS.
JAMES ". TUFTS. President
ALVIN d. PUFFER. First Vice President.
ALFRED II. LIPPINCoTT. Second Vice President.
JAMES N. NORTH, Treasurer
JOHN n. MATTHEWS Of the hrn of John Matthews.
FRANKLIN W. HOPKINS Of the firm Of 8. Y. Whit.
Co.. Bankers.
WALTER S. BLANCHARD. President of the Metro
politan National Bank. Boston
The business Of thu corporation will he nanaeed By
JAMES W. TUFTS, JAMES n NORTH, ALFRED
II. LIPPINCoTT. F. HAZARD LIPPINCoTr.
DANIEL j. PUFFER and LUTHER W. PUFFER.
Each and every one of the presen: vendors whether
employed in the new corporation not employed
have sned contract not to engage or compete in sny
similar business.
STATEMENT OF VENDORS.
NATURE OF BUsINEss.-The business of these
concerns consists of the manufacture and sale of soda
water apparatus and supplies. and ottling machinery
In all its branches. in which Department Of il instr
they constitute tine principal establishments in the
world.
PROPERTY CONVEYED. property conveyed
consists Of real estate AMI clear of incunlran
the entire manufacturing pant Of each Of the several
concerns their large stocEs Of goods man
and in process Manufacture; materials machinery
appliances of all descriptions. Letters patent of the
United States to the number of more than one hum
dred and forty and the good will all the old con-
bills receivable held by the several yendors
also included 10 the amount Of s5o0.0O0. The pay
nent Of each OF these s guaranteed to the company by
the vendor IN whose business it originated and n
working capital will thus be provided equivalent 70
900 900 in money
The property conveyed to the company may b thus
summarized:
zeal estate sl47.SG9. IS
Stock on hand at cost, 80 40 %
Manufacturing plant. ut much below
cost 200 M
Working capital to be provided a. above. 10000 0o
q. 900. 90
The above includes nothing for the patents by which
the goods manufactured by the retiring firms are mo-
tected or for tie good will which with respect TO each
concern. represents . continuously successful bus
ness career. extending. to two of them for more
than nifty years. and TIE other two for consider
ably more than quarter Of q century.
The books and accounts of each of the vendors
been submitted TO Messrs. HART BROTHERS, lib
BELTS h COMPANY. the well-known expert &C.
couniants. from whose certificate which in set forth
In full In the prospectus. the following an extract
1.-THE AGGREGATE SAILS FOR THE PAST
FOUR YEARS HAVE BEEN S10 l52 Isl. o6 EQUAL
TO AN AVERAGE OF e.. SIS. 0s7. VI PER ANNUM
THE NET PROFITS FOR THE SAME PERIOD
HAVE BEEN &i.677, 900 %. OR AN AVERAGE OF
s4le To-. 30 PER ANNUA."
THE pfonts for the last twelve months show con-
siderable increase over those OF any former year. and
the sales have progressed steadily evidenced by the
following statement covering the period under cram
nstiou:
1887. Total sales ................e2 427 $40 IN
1883. ..-.........--........... 2,5E2, ;ss9 95
leSS.. ......................... z. So. 954. III
io9O. .......................... 2. 63l. As -
e10. 152. Isl. %
''(siened)
HART BROS, TIBBETrs 3 CO."
twill Be that the average yearly profit for the
past four years has been eAl9 <02 81 Taking this a
q basis and deductng
Six per cent upon q. go. 600
First prefeFred stock.........,.....e 75,OOo. 90
Eight per cent upon u. 250. 900
Scconu PfeAe-xeu stocA- lOO.ONU.OO
And salaries of