New-York tribune., 1891-05-15

1n,s cornorston is organized 10 take over tnc en
property and carry the business OF the nrm VI -,
STETsoN 4 Co., felt hat manufacturer Vi ~. - ,ua
phiIadelphia Pa. In consideration OF me eu
- 40 7oo non full maid capal stock, the owners o'''
A., an,ra lant with its organ zation gong
including all the real estate, machinery nASuro'
trade good WILL trademarks, bills and accounts ~, So.
and cash on hand, TO the corporation ana 'ohn D a
,ovanant. N remain In the service Of the company M
also binds himself not to engage In OF si'o '"' Wv
name TO any competing business. r-.s
The property conveyed, which is situased OH fv ,
and Cadwalader streets and Montgomery avenue, ~ 1
delnht comprises the valuable real estate anu
ans thereon toaether plant, machinery anu al
annuyenances and stock Of material on hand' anu 10
believed to be the most complete and perlec'y
establishment in existence for the manufacture Oh ha
The trademarks and good will OF this business
through successful career OF twentysN years. ~re "
value and furnish basis OF income
The net pronts Of business for the last four years
s shown BY the accounan certificate below nave oeeh
| s1,159,292.74. The net profits Tor 1857 wo..
s274,427 26, and the amount steadily increase" '
| by year TO s332, 1874. 40 in 1880.
The balance sheet prepared by Messrs Barrow, WADE
Guthrie Co. that the fur and otner ma'orss o
hand together with the cash balance represehs -
eapal OF nearly 100000. The vendors state snac inc
stock In hand is of considerably greater value than sho
| figures shown this balance sheet.
The Preferred stock will be entitled 70
preferential dividend, payable semi-annuay' Inc Oom
mon stock will be entitled to the surplus earnings after
| q nor cent ner annum shah have been paid upon the
| preferred shares. .oo
The vendors take 100000 preferred stock and s4oo
600 I'm common stock in partial payment The remainder
T the canitaI stock as named at the head hereof Is
now offered for public subscription at all subscribers 10
take equal amounts each class Of stock Subscriptions
| Will be payable as follows:
10 per cent. application
80 per cent. allotment
30 per cent, In ffteen days after allotment.
| 80 per cent. In thirty days after allotment.
| Allotments will be made practicable Tho
right Is reserved reject any subscription or 70 accep'
it in part. any subscription is wholly rejected the
| amount deposited on application Will be returned
If the whole applied for By any applicant De not
allotted surplus amount paid on applcaton VIII Do
credited upon the become due on the allotment
Subscribers will have the option Of paying in fun on
allotment and interest the anticipated payments VIII
| be allowed at the rate of per cent per annum The
allure 10 nav any instalment when due will forfeit all
v,ous nayments Receipts will be issued for all pay
mepts made and stock certificates will be delivered upon
the final payment.
preference in allotment will be given TO employees Of
the firm OF John Co. and to subscribers who
In the hat trade
! THE SUBSCRIPTION LISTS WILL BE OPENED
| AT 10 O'CLOCK A. NJ, on MONDAY, MAY Is, 1891.
| AND WILL CLOSE AT OR BEFORE O'CLOCK P.
M. ON WEDNESDAY MAY 20, 1891. AT THE OF.
| FICES OF
mEssRs. JOHN H. DAVIS & CO., 10 WALL ST..
| NETWORK.
THE UNITED STATES TRANSFER AND Rx-
| CHANGE ASSOCIATION, AT THE OFFICE OF
THE MANHATTAN TRUST COMPANY, CORNER
WALL AND NASSAU SITS, NEW-YoRK
THE PROvIDENT LIFE AND TRUST COMPANY,
| 400 CHESTNUT-ST., PHILADELPHIA.
1 Il L