New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-11-06
INFORMATION AND REPORTS TO STOCKHOLDERS.
| Listing Of Stocks and Bonds.


Effort has been made afford all stockholders the FULL
est possible Information respecting the property
ness by personal explanations have called at
the office as well by printed statements mailed the
addresses Of all OF record.
Among these statements
An official statement, dated Aug. 49, 1890 distributed
with the circular Of Sept o. $780, This statement In.
eluded resume Of the consolidated accounts as of June
3d. 1890
The annual repor. for the year ending Aug 81 1890
distributed at the meeting OF stockholders Nov q
1890 This included statement OF TO the close
o. the fiscal year. besides many details Of organization
and business.
An Official statement made April "A 1874, 70 the
New.York Stock Exchange IN which were given fun
details OF orgsnizaton the terms Of Common and Pre-
errd Shares and OF the Debenture Bonds the Balance
Sheet OF April J. 1891 a copy OF tbs document was
also mailed 10 every stakeholder record Twelve differ
rent documents In certified FORM comprising the Charter
Bylaws, Schedules, Financial Statements and all need
full records, filed with NewYork Stock Exchange
for the action Of body for the protection and in
formation OF all parties IN interest.
Ater the thorough official Investigation nv tho
New-fok Stock Exchange into the organization business
assets ana legal status OF the Company, Debenture
Bonds and the Common and Preferred Shares were for
maiy admitted to quotation the Regular List of that
Exchange and all increased Of the same are now
subject to the restrictions and publicity required by the
rules and regulations Of that body
ADVANTAGES AND BASIS OF THE INcoRpoRA
TON
The advantages now secured to you through the execu
ton OF the plans may be richly summar zed as follows
l. An established corporation with the protection and
publicity OF the laws Of the State OF New.Jersey
2 The reduction Of capitalization by the amount Of
Slo546'923 without any reduction Of assets
Ample working capital for present volume Of
business.
4. Adequate resources for additional funds should
conditions warrant their procurement but without per
sona liability to the stockholders
o. The maintenance OF high commercial credit nv
restrictions against any mortgage liens
o. The division Of the Capital Stock two classes
Ia The Preferred representing investment mart
Of the business evidenced by real property; and
o. The Common, representing the equity In the
assets.
T. The imposstility Of Increase In stock capltaaza
aon without the consent OF stokholders required by
In general the plan of capitalization has been so framed
AZ that with successive periods Of prosperity the common
shares retire all fixed charges other
BY the following provisions the sole owners
Of the entire property:
The Cold Debeature Bonds outstanding amount To
100000 are part Of authorized issue OF o. 900 0OO
bear quarterly interest at the OF per cent per annu
and mature November l. 1900. These Debcnture Bonds
are not secured BY mortgage There Is no ortgage on
portion Of the Companys property any Of the prop
srtss ia whtch this eompanJ tnsrested and no orqags
can be made rhOnt the Wrisn approval Of the holders
Of eighty (so) per cent IN amount Of The Debenre Bonds
msn ounfand,na The Debenture Bonds are subject to
compulsory redemption at ITO upon not less than
sixty days notice.
The Pserred stock outstanding to SO 19S 600
IL Is entitled IL receive nonaccumustive dividends at
the rate OF cent before any dividends for
the same paid upon the Common Stock Its ar.
ticipaton In the profits Ia thus limited liz nsdera,ion OF
the security and income by preference I'm dividends
and In nna liquidation The Preferred Stock Is subject
to compulsory redemption slO5 per share and has like
voting power with the Common Stock.
The Common Stock outstanding amounts TO $40 100
IL entitled 10 all dividends declared excess OF per
cent annum upon the Preferred Stock 1t may b In.
creased under the provisions and restrictions OF the laws
Of the State Of NewJers-y. ard In conformity with the
regulations OF the New-York Stock Exchange and thus
flrnth means to retire the Debenture Bonds and Pref
erenee Stock
LEGALITY OF ORGANIZATION.
The legality OF this Organization has been passed upon