New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-30

..,.., .,o., :. entitled to dividend at the rate
~ ner cent per annum, from July l. 1891 p syaD
OF the earnags Of the corporation before any In
81. an,r. or Maid on the general common s'o.A
Nv ~. r,.nsnt q, such dividend It shan remain
until mid charge against the net earning ol ' T,
pany prior to ell rights Of the common sNsM =, cha
common stock Is entitled to the surplu' e'ie nor
coropanv in an amount not to exceed ~ pct een' -
annum from the same date non-cumulat'e' =.
surn,us remains after the payment OF such oiNue -,
rho common stock and is divided dividends, IL IS "
divided so that each share OF preferred stock ana eI.
Of common stock shall receive the same pi =, a., ,,o
The authorized capital stock OF the comPa's 49,
ooo ~ which s175O 900 Is preferred SIOUX @iu Wv
amounts now offered for subscription are ls'ueu o.,
maid shares and nom ;sessable when taken anu - - -.
as hereinafter specified. The remainder Oh "a oronv
orered for subscription has been taken by the Ou
a. na IN mart payuent OF transfer Of the properly
the new company. - . ,,o,o,,o, and
IL Is provided In certificate OF Incorporation Siu
o,so In the bvlaws that bond OF this company
90 - nor shou anv mortgage be made upon any OF us
pronerty without the consent OF at least 20
cent as per cent Of the preferred and also vi '
stock The voting powers OF ootn clN'Se' u
the same ,..,d a, the
r,re,s, Loan and Trust Company and application WEI
be made to list them on the New-fork anu Do'oH
Exchanges - A., .no.o ~
The n,eent company has been formed for the purpose OF
,nr,nc and CARRYING on the weknown business OF the
Rbod, Island Horseshoe Company OF Providence H. "
viz the manufacture OF Horse.shoes and Ioe .oihS.
IL 4. intended &c continue the business unuer e'o ~
ing management with Mr. +. w. Carpenter ao fre'iae'
and Mr. r. W. Comstock as Secretary ana 'ney arc INV
In any competing business for period OF ten years
The General Manager Mr.. Charles II. PERKINS, = sn'
,vantor NJ the special machinery which has largely CON-
,,huted To the results already attained and ne agrees W
remain in personal charge Of the manufacturing
for at least years. and also not 70 engage III
for ten years. . X...
The new company acqulres free Of all encumbrances
oil the nrpesv OF the vendors used in connection with the
business including the real etate, property Entertainments
nreises axed plant machinery, tools all patents anu to
good will Of the business and quick asets cohuns Vi
raw and manufactured materials, and cash amounting
together TO $4,000. 1T, -
The property and business have been thoroughly eA-
amined and investigated by dsneeresVd cohi''.11 "
three gentlemen highest standing, known aon'y.
and experience viz: Mr. william Corliss PRESIDENT OIL
the Corss Safe Vault Door Company OF fro'la"hoo'
r l.: Mr. Gardiner c. Sims, Of the Armineton ana bins
Engine Company and the Hon. Jonathan Chaoe larse
cotton manufacturer and late United States senator o
Rhode Island oil of Providence who IN the'r eNna'
report state their estimate and conclusions a. touo"s
assuming that general management OF the Dnsi'
,ess IA oatnued without change ana the general pocy
regarding conduct is continued the committee ~
view of all considerations, 6Aed upon the sum OF szooV'
600 rs reasonable and conservative estimate OF us cash
value To this should DE added s"oo'os"' INC "h' "
the guaranteed cash assets
rha history Of the company dates back some seventeen
,oars when the works established at valley Fails,
ak miles north Providence ard the business now carrcd
on Is the manufacture OF Horse-shoes ana ou'
tho pant could increased by Very ss eApehu'IS 81
a. 20 n,tuca bar iron medo from rerolled scrap IRON tor
which product there Is good demand at fairly remanera
,ys proeS The supply Of scrap iron In the Vony 10
o,ravs ample and can be purchased at low price, Inc
comnany from best wrought scrap Ill the
IRON used in making It's horseshoes and rfos om scrap
steel the steel that is used in the manufacture OF Too