New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-02
$S75,CC
TX Cumulative Preferred Stock,
100000
Common Stock,

OF TIE COMPANY.

Caks Further it manufactures its own machinery
cept engines and bollcrs-the capacity o. its acheshop
being ample for these the cost OF
all the machinery Is reduced 20 the lowest possible figure
The land which the situated Of about
SIX and oleha ceres, ana has ample railroad facilities,
with coal dump and tracks (ownd by this company run
ming in every direction needfu through the property OBJ
Waiting entirely the necessity for the Of horses and
carts FOR any purpose The present capacity OF the works
Is about sixty OF Horscoes per day OF hours and
the customer, OF the company principally wholesale
and jobbIng iron and hardware houses
An examination of the results Of the business the
company. made by Mr.. stephen Little lately First Vices
President ofthe Association of American Railway Ac-
counting OGicers, and certified 10 by him. shows thar
the profits for the five ending June 3d. 1891,
n = follows;
1887 S269, S62.3S
1855. ACKNOWLEDGEMENTS. 26J,142.0S
1883. ACKNOWLEDGEMENTS 2l3,S14>7
%Oc94S.oS
1871. ACKNOWLEDGEMENTS. SOs,SoOS1
An average of s262,6J4 each year. an amount
than sufficient to pay Il per cent. the pre-.
ferred and IL 1 Il per the common stocks.
THESE PROFITS ARE THE NET RESULTS ARIS-
ING FROM THE BUSINESS OF THE COMPANY
DURING THE PERIODS STATED. AFTER CHARt:-
ING ALL EXPENDITURES uNCLUDING COST OF
NEW MACHINERY, &C.. &c.l TO COST OF PRO-
DUCTION.
By invention recently made by ,Ir, Perkins for
which patents have already been granted and
two more allowed for the manufacture OF what s
known Toe Weight SHOE IL Is confidently expected
that the yearly profits will be very
and above the general and natural growth Of the
business
The Company has been organized the property con-
and the stock has been issued In accordance with
the advice Of Messrs. Evarts, Cboate & Beaman Of
New-York and jane, vi. Ripley, Esq, Of Provi-
deuce, X. I.
Pursuant to resolution Of the Board OF Directors,
one half in amount OF all dividends declared the
stocks Of the company out of earnings for the period
from July 1891 to July I, 1892 Il payable TO stock
holders Of record of Jan. 1, 1892, and the other
half in of all such dividends is payable TO the
stockholders of record Of July I, 1882.
WE INVITE SUBSCRIPTIONS At PAR
TO stocks of the above company. emitting the holder to
half in of all dividends declared thereon
the company for the period from
July l.. 1891, 10 July 1. 1892.
Payments will be rs follows;
10 PER CENT. ON APPLICATION.
30 PER CENT, on ALLOTMENT,
7OPER CENT. ON JAN. s, 1892,
or all instaIInents may be puid up under discount
the of per cent, per nnnum.
The failure TO pny any instalnent when due may
operate ~ a forfeiture Of all previous payments
AIotments will be made Immediately after the sub
scrption IL closed. and, in where IL il not
practicable 20 make any allotment. the amount de-
po,itcd on application VIII be returned
possible.
The right IL reserved reject reduce appIi-
amounts; aso close the subscription books ut
time without notice.
Receipts will be given for the several insrallmcnts
rs paid. and stock Certificates will be delivered when
the final pa yment has been made, but until after
Jan. 1, 1892
Books will open Dec. 2, and close not later than
Dee. q; 1891.