New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-23


acc,uod interest Interest payable semi.annuoy Dee
and June 1 OF each year, in New-York' Boston snu
Chicago.
TRUSTEE FOR BONDHOLDERs.
The Illinois Trust and Savings Bank of Chicago Ill.
The subscription list will be opened on Monday June
o. at 10 O'Clock and closed on or before
June "a, at p. m
Total issue limited TO 100000, and secured by
first mortgage on all present and after acquired prop
erty both real personal OF the Columbia OIL Company
The property owned by this company is entirely iree
from ncumbrance, and It's present plant earns ahuay
sufficient profit pay the interest the proposed ISSUE
OF bonds and fair dividend upon tho capital stock.
The proceeds OF the issue will be expended in the ex'
tension OF the companys plant thus increasing the secur'
ty Of the bondholders.
In addition the bondhoders will participate in the
profits of the enterprise AS EACH SUBSCRIBER WILL
RE GIVEN BONUS OF 80 PER CENT OF TIE
FACE VALUE OF THE BONDS FOR WHICH HE
sUBsCRIBES in fully paid worcestershire stock OF the
comnany and the requisite stock has already been trans
ferred TO a trustee for that purpose
r. IA fact evidenced by years. practical working
of this companys system that the STOCK nus given as
bonu, Will be OF very great value.
rbia company will carry the Manufacture Of Cotton
Seed products owning valuable paints and processes
Of manufacture, which enable 1t to produce the same
cheaper than by any other known methods
ONLY about onehird of the cotton seed raised In the
limited States is at present utilized that the supply
of raw material the business is practically unlimited
and the same may be said OF the demand for the sne
nroducts. The business has an assured and growing
field.
After the completion Of the additions TO the present
nants the company will able to produce 1900 barrels
Of oil and 49, 600 tons OF cake annually, which would
leave AFTER PAYING INTEREST on ITS BONDS
AND ALL OTHER EXPENSES NET PROFIT OF
ABOUT 30 PER CENT ON THE CAPITAL STOCK
OF THE COMPANY.
It is believed with the good security offered and the
bonus stock given, that safer or more profitable
investment has ever been offered to investors.
at "a
20 Per Cent. Payable on Application.
30 Per Cent. Payable July 13, 1891.
30 Per Cent. Payable Aug. Is. 1891.
20 Per Cent. Payable Sept. u.s. 1891.
20 Per Cent. Payable 0ct. Is, 1891.
Each instalment 10 bear interest from date Of pay
ment.
The bonus of stock will be given with the last pay
ment.
Scrip will be issued 10 exchange for Trust Companys
receipt and when the instruments have been paid
this scrip will exchanged for Coupon Bonds engraved
TO meet all the requirements OF the New-York Boston
and Chicago Stock Exchanges
The right reserved TO reject any application and 70
close the subscription list earlier than the date named
or TO alot smaller amount Of Bonds than may be ap-
piled for.
The Trust Mortgage and Bond have been prepared
and approved by the Counsel Company and OF the
Illinois Trust and Savings Bank Of Chicago and copies
OF the same may be and application forms obtained
az the offices Of the Company, 80 Commercial Bank
Building Chicago; the Illinois Trust and Savings Bank
Chicago the Suffolk Trust Company, Exchange building
Boston, and tho Holland Trust Company, OF 80 Nassau'st
NeW.YOrk,