New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-05-12

This corporation organized to take over 'ne r'n'
v and carry on the business Of the firm oil JOHN ID.
sTETsON s. Co., felt hat manuiacourers " 'uv tno
PHILADELPHIA Pa. In consideration OIL ''e e'''le ,a
OF S. 700 900 full paid capital stock the o"ner'
the entire plant with It's organization as going c'
Including all the real estate machinery hxtureS s1Och "
trade good will trademarks bills and accounts r. So,
and cash on hand to the corporation anu 'o " ana
vorant. 10 remain in the service Of the company u
also binds himself not to engage IN OF si'o VI" w
name any competing business - ,,,-.h
The property conveyed, which is situs'ed Oil 800
and Cadwalader streets and Montgomery avenue -
delphia comprises the valuable real estate an" p -
ments thereon together with the plant, machinery al" ~
nnr,onancos and stock OF material hand and Is
believed to be the complete and perfectly cqppN
establishment IN existence for the manufacture OIL
Tho trademarks and good Will OF this business acqueu
through successful Of twenty-sx years. ac VI blew
value and furnish a sure basis OF income -
ha nc. proats OF the for the last four years
. shown bv the accountants certificate below nave oe
s115929s74 The net profits for 1857 "cro
s274,427 %. and the amount steadily ncre"se" ''"
bv year to 1892 62 4. AZ In 1870 ,,,s
The balance sheet prepared by Messrs Barro" m"uo'
Guthrie Co. that the fur and otner hae'' o
hand together with the cash balance represent Ous
capital of nearly 100000. The vendors state tha' ~
stock In hand is OF considerably greater 'aiue ' WV
figures shown on this balance sheet. $500
Tho Preferred stock will be entitled 70 cu''ua''
nreferontlal dividend, payable seml-annuay' Inc |c
u,ou stock will be entitled 70 the surplus earnings ave-
s per cent. per annum snail nave Deen P'" Up ~
preferred shares. oo
The vendors take 100000 In preferred stock ana 34oo
600 common stock In partial payment Ihe rc'n,u.
Of tho capital stock, as named at the heau helo' "
now offered for public subscription at par all SUBSTITUTES "
take equal amounts class Of stock Subscriptions
will be payable as follows:
II per cent. application
80 per cent. allotment.
80 per cent. ir fifteen days after allotment
30 per cent. In thirty days after allotment
Allotnents will be made as practicable The
right Is reserved to reject any subscription or TO accept
It In part. II any subscription is wholly rejected inc
amount deposited application Will be returned.
II the whole amount applied by applicant be not
allotted the surplus amount paid application Will DO
credited upon the to become due Oh the allotment
Subscribers will have the option Of paying In full on
allotment and interest the anticipated payments VIII
be allowed at the OF per cent per annum. The
failure to pay any instalment when due will forfeit all
previous payments Receipts will be issued for all pay
ments made and stock certificates will be delivered upon
the final payment
Preference in allotment will be given to employees Of
the firm OF John b. Setson & Co. and subscribers who
in the hat trade
THE SUBSCRIPTION LISTS WILL BE OPENED
AT 10 O'CLOCK A. NJ, on MONDAY MAY 10, 1884,
AND WILL CLOSE AT OR BEFORE O'CLOCK P.
NJ ON WEDNESDAY, MAY 20, 1891, AT THE OF
FICES OF
MESsRs. JOHN II. DAVIS g. CO., 10 WALL ST.,
NEW-Y0RK.
THE UNITED STATES TRANSFER AND EX-
CHANGE ASSOCIATION, AT THE OFFICE OF
THE MANHATTAN TRUST COMPANY, CORNER
WALL AND NASSAU SITS, NETWORK.
THE PROyIDENT LIFE AND TRUST COMPANY,
400 CHESTNUT-ST, PHILADELPHIA.
Advance applications can be made
to any of the bankers prior to the
formal opening of the books.
STATEMENT OF THE VENDORS,
Tho business John B. Stetson Co. established
in 1865. manufactures the highest grade OF
soft and stlR felt hats made entirely from fur.
tln Tho