Evening star. [volume] (Washington, D.C.) 1854-1972, 1891-01-13

The SUBSCRIPTION LIST WILL BE OPENED
ON MONDAY. JANUARY. 10. AT 10 O'CLOCK A.
Il. AND WILL BE CLOSED ON TUESDAY. JAN
UARY 20, 1891. AT OR BEFORE O'CLOCK Pm.
AUTHORIZED CAPITAL STOCK.
l5.0O0 Shares of preferred 8 per cent
Cumulative Stock--.....--..........-.. 500 900
1900 Shares of General Stock. 1.50O 900
Par value of all shares. slO0.
ALL SHARES ISSUED WILL BE FULL-PAID
STOCK STOCKHOLDERS WILL HAVE NO PER-
sOSAL LIABILITY.
oNE-THIRp OF THE COMMON STOCK $780,
00O) REMAINS IN THE TREASURY OF THE CON-
PANY UNISSUED.
THE BYLAWS PROVIDE THAT NO BOND OR
MORTGAGE CAN EE CREATED WITHOUT THE
CONSENT OF 30 PER CENT OF THE PRE-
FERRED STOCKHOLDERS; ALSO THAT THIS
PROVISION CANNOT BE ALTERED EXCEPT BY
THE LIKE AFFIRMATIVE VOTE.
This corporation is organized take over the entire
property and carry the business of the firm Of
THURBER. wHYLAND CO.. manufacturing i'm
porting and wholesale rocers and dealers general
merchandise their partnership being about to expire
BY limitation
The Preferred Stock will be entitled. from and after
JAM Is. 1So1 to cumulative. preferential dividends
of per cent per annum payable out OF the earnings
Of the corporation before payment is made upon
the General Stock.
The General Stock viii be entitled to the surplus
earnings when declared in dividends per cent
annum upon the Preferred Stock shall have been
paid
Dividends the Preferred Stock will be payable in
February and August of each year. and complete
ments showing the condition of the company will be
made senli-annualiy.
Dividends the General (Common) Stock will be
declared and paid only end of each year
TEN THOUSAND SHARES OF THE PREFERRED
STOCK
Are now offered for public subscription at par. Sub
scriptions viii be payable as follow:
10per cent on application
30 per cent on allotment
30 per cent in fifteen days,
30 per cent in thirty daysj atter aiiotment.
The subscription list viii be openei simultaneously
az the Offices of
s.v. WHITE CO.. &c Wall ST.. New York. and 4
Sherman ST., Chicago. Ill
JOHN H. DAVIS & CO.. 10 Wall st.. New York.
CoSNOR CO.. II Broadway. New York.
Subscriptions viii also be received BY
THE IMPORTERS AND TRADERS NATIONAL
BANK, New York
THE FOURTH NATIONAL BANK of New York.
SENIhAL OOAFAN1 OF New 1Ork.
Messrs. wILBOUR, JACKSON co. Providence
RI. and at the ofice Of
THURBER, wHYLAND CO., JIG Reade st.. New
York.
Subscribers to the Preferred Stock will have the
option of subscribing at the the General
or Cornmo STOCK to amount equal to share Of
Conon stock at par Tor each two shares of the Pre-
ferred Stock subscribed BY allotted to them IL
they 20 desire.
REGISTRAR OF THE STOCK,
CENTRAL TRUST COMPANY OF NEW YORK.
TRANSFER AGENTS,
CONNoR CO., NEW YORK.
DIRECTORS.
p B. THURBfR. ALBERT Z. wHYLAND.
ALEXIS GoDILOT, JR. JOHN c. BOUTON.
HENRY B. KIRKLAND. H W. CANNON.
THOMAS t. BARR.
EXTRACTS FROM STATEMENT OF THE
VENDORS:
The business of Thurber, whyiand Co. is the
nrst Of its kind In the world 1t establis he'd in
1857. and has paid q profit continuously each year
since its beginning.
The property conveyed comprises all the stock of
merchAndse. machinery. plant. fixtures real estate,
leAsehold interests accounts and bills receivable trade
marks trade rights, property and good will of the re-
fring fr which guarantees the payment Of the bills
receivable and outstanding which 1t transfer,
as stated below.
Members Of the firm undertake to retain the owner
ship of at least 900 shares Of the common stock for
not less than i've years.
Mr.. FRANCIS b. THURBRR the senior partner I'm
tne present nrn VIII act as president Of the company
Tor nve years. or longer desired, and receive no SAL
for until the company has paid for that
year per cent upon its preferred stock
The other active partners also continue In the
Ice OF the company.
Messrs- FRANCIS B. THURBER and ALBERT
wHYLAND have ssverAlly contracted BY Agreement
on ME with the company not to engage any Compel
ing business.
conveyed has been examined and appraised AT
WHOLESALE COST PRICES. since the lst day of
January, 1891. By competent experts. whose car
heAtss and aftdavts. certified copies of which are
on ME with the bankers. may be seen at the once
OF the company, and who dnds its value
III, ,373- sS
Other assets:
Guaranteed accounts and bills recetv-
able, in excess Of those p2yable.-... slGj H3o o.
ne>A estate. A. OO4 II
Aanof>rturins plant. machinery and fx-
tu<es------.---------.-.-....- p l28 20
Cash on hand af the commencement Of
business Jan ). 1891. of which time
ths uansfer took enect......... III. .ass a.
s1.5Os. .5a4. 50
In the above nothing IL included either for the MANY
valuable trade marks the frn which have been A.
quired aad created through outlay of more than
S1UOU In money or for the good Will which results
from thirty years Of and successful bus
mess. nov represented by trade connection
with more than txenty-t three thousand customers in
all parts Of the world
Tne books and accounts Of the frm have been sub-
nitsed 10 Messrs. WALDEN. BROOKS a DONNEIIY
the well known public accountants. the result Of
whose examination 10 embodied in the following Ger
docAfs:
IL PINE ST.. NEW YORK. Jan g. 1sel
MESsRS. THURBER. wHYLAND CO., NEW
YORK:
Genfiem<v