New-York tribune., 1891-05-06
MESSRS. S. v. WHITE G. COMPANY,
NewYork and Chicago,
and by
Central Trust Company, 50 Wall ST., NY.
Bank of North America, rs Nassau ST. MY.


From whom Prospectuses and blank forms Of Applca-
tlon can be obtained Subscriptions will be payable os
follows: 10 cent. application; 30 per cen-
allotment, 30 per cent. on Wednesday. May
20, 1891; 30 per cent. on Monday. June 1, 1881.
Allotments will be made practicable.
The right is reserved to reject subscription or to
accept it in part II any subscription is wholly rejected
the deposited application will be returned II
The applied for be not allotted the amount
paid for application wllNbe applied the sums 10
become due the allotment.
Receipts Will be given for all payments made, and
Trust Company certificates issued by the Central
Trust Company will be delivered practicable
after the making OF the final payment Any ins:alment
may paid under discount at the rate Of
per cent per annum.
Failure pay any instalment when due will forfeit
all previous payments.
preference will be given employees and
customers Of H. H. Warner Co., Limited.
Registrar OF Certificates.
Union Trust Company, Ncw-York.
Transfer Agents,
Central Trust Company. New-York.
American Committee of management.
HON. H. Fl. WARNER, PRESIDENT.
J. MOREAU SMITH, ESQ, VICE.PREsIDENT.
JOHN PArMFp ESQ TpT ,erpTo
JOHN NJ IVES ESQ. SECRETARY.
Nature of the Busness-The business consists OF
the manufacture Of proprietary medicines and preparations
known as Warmers "Safe' Remedies, Warmers LOG
laboratories established in Rochester, n. Y; To-
ronto Canada; London, England. Frankfort, Germany
KreuzJn. Switzerland Melbourne Australia and Dunedin
NewZesland The establishment Of these offices and
laboratories outside OF Rochester ~ Y, rendered I'M
peravely necessary owing the increase OF
business and the widespread popularity OF II. H. Warner
& Co.'S preparations.
Property Conveyed.-The price paid by the company
for the entire business 31t July $780, including the
goodwill. trade and marks prescriptions and re-
cpe freehold easehod properties buildings in
America and elsewhere fixed and movable plant and
chinery at Rochester. n. " and the different branch
houses cash in hand and at bankers the stocks in trade
consisting wholly partly manufactured stock
material and advertising natter, furniture and all prop
erty used connection with the businesses together with
the benefit OF all current contracts entered into by Mr.
Warner in relation thereto 900 900 S339J, 900
Since this time the increase OF business and enlarged
capacity Of the have added greatly the value
Of the property.
EARNINGS Prior to the Incorporation in November,
Ss9 under the laws OF Great Britain, OF H. H. Warner
Co.. Limited the net earnings In the United States
alone for seven years amounted TO S3 3O35. $50. 81
During this period there single year. accordinN
accounts when the profits of the United States
less than S27O,739 and the last years were
largest the history OF the business with the excep
ton OF
For the year Of the English Company ending July
81 1890 the earnings f1O5O82, or $500 500
out OF which paid sem-annual dividends on
preferred stock the OF - per cent per annum
and stock at the Of 20 per cent. per
annum, besides carrying sum Of f45OOO
S21S.23O and, in addition surplus to the next years
account of f12S7O or S62 $50. In December 1890
the profits increasing rapidly owing TO the unex
pected development Of the branches that the Com
exercised It's option and called ln paid off, and can
| ceed $293 425 OF It's Debenture Bonds, leaving but
S43 075 Of such Debentures still outstanding On the
1st Of February 1891, careful Of the business
Of the concern with It's various branches was made with
view TO the declaration Of the dividend for the first slA
months of the second fiscal year. The result was most
| the sIx
$4,000 these earnings being largest in the history
OF the company. This enabled the company "a
declare the semiannual dividend the per cent
the Preferred stock per Common stock
the balance OF SI7OOOO being carried forward to the
end Of the fiscal year. Since Feb. the business has
shown still greater improvement, the indications making
probable much larger dividend ever before among
the Common shareholders besides the payment Of the
| Preferred dividend
From careful estimate it that the net
profits business of the Company the six months
ending July 81 1891 added to the profit $40 600
previous SIX months, Will aggregate about
$3.50 900 the entire Taking this as q
basis ann deiucting
@ per cent si3i.O Debentures......... s26.OaO
- per cent 81. 900, 900 Preferred stock 10000
There remains applicable as dividends TO
| the Common stock 81 cent or the sum
o43S6O
$3.50. eco
| THE NET ANNUAL PROFITS OF THE AUSTRIA
| LIAM BUSINESS ALONE FOR THE PAST FOUR
YEARS HAVE BEEN SUFFICIENT IN EACH
| YEAR TO PROVIDE THE WHOLE OF THE
| AMOUNT NECESSARY TO PAY THE INTEREST
| ON ALL THE DEBENTURES AND THE DIVIDEND
on THE WHOLE OF THE PREFERENCE
| SHARES.
The profits Of the other branches the United
States consequently, be applied TO paying divi-
dends the stock and Tor the further exten.
sion OF the business.
| The Hon II. II. Warner has contracted act as Nan
aging Director for i've from July 1882 receiving NJ
compensation any year therefor until net earnings TO
the year amount Of E1l7 OOO 1907 $50 such compen
saon 20 be paid only Of the profits In
| that sum.
Under an agreement with the Company. Mr. Warner re
ans az least 1--WE thousand shares Of the Common stock
| the Company.
| Application will be made 10 the New-York Stock Ex
dealngs both classes Of eereatos EepIesent