The Portland daily press., 1891-03-02


Established 1884.
The business transferred in each case is taken
over from Jan. 1, 1891. The company has no
debts or liabilities of any description whatever
excerpts obligations necessarily incurred In the
conduct Of business since that date
Registrar of the Stock.
bosIoN SAFE DEP0sIT & TRUST COMPANY,
Transfer Ageats in New-York.
MESSRS. s. V. WHITE & co.
Auditors.
HART BROTHERS, TIBBETTS & CO.. LON
DON AND NEW YORK.
Directors.
JAMES ". TUFTS, President.
ALFRED H. LiPPINcoff Sec Second rGss Vice presI
sSEs METH " IT,. firm 81 John
FRANKLIN W. HOPKINS. Of the firm Of 5. v.
WALTER s. BLANCHARD, President of the
metropolitan National Bank, Boston.
The business ofthe corporation will be managed
by JAMES w. TUFTS, JAMES N. NORTH.
ALFRED II. LIPPINCOTT, F. HAZARD LIP
PINCOrT, DANIEL ]. PUFFER and LUTHER
W. PUFFER.
ors, whether em plo, ed 10 the new orpern.
lion or not so emp Dyed, have signed n con-
sract not 70 engage or compete in any sim-
srATEMENT OF VENDORS.
Nature of Business.-The business of these
concerns consists OF the manufacture and sale Of
soda water apparatus and supplies, and bottling
machinery 10 all its branches, in which depart
ment OF industry they constitute the principal es
Establishments In the world
Properly Conveyed.-The property conveyed
consists of real estate, free and clear Of incum
brance; the eatre manufacturing plant of each OF
the several concerns; their large stock of goods
manufactured and in process of manufacture: ma
terials, machinery, appliances of all descriptions
letters patent Of the United States to the number
OF more than one hundred and forty, and the good
Will OF all the old concerns; bills receivable held
by the several vendors are also included. to the
amount OF 100000. The payment OF each OF
these Is guaranteed to the company by the vendor
10 whose business it originated. and a working
capital will thus be provided equivalent to $780,
600 In money.
The property conveyed TO the company may be
thus summarized:
neni Estate............-.. 141, SCOTS
. ocis GA hand nj Cost....... 1852 aO,2l
Manufacturing Plant, mt
much below cost. ........... 400. 900 90
Working Capital 90 be pro-
vided as above. 500 600. 90
$4,000, 900 90
The above includes nothing for the patents bv
which the goods manufactured by the retiring
nrmS are protected or for the good will which.
with respect TO each concern. represents a con.
tnually successful business career, extending as
TO two OF them. for more than 90 years, and as 10
the other TWO for considerably more than quar-
ter OF century.
he books aud accounts OF each OF the
vendors has been ssbmitted 20 messrs.
HIATT BROTaERs, TlBBETTs q
COMPANY the well Lnown expert nc
ceuptanss, from whose certificate, which
IL set fss IN in full in the prospectus, the |
following is she extracts
"The AGGREGAIE SALES FORu
"TH e PAST FOUR YEARS HAvEv
GAN Average OF 1888. ,037.9p
"PE4 ANNUM.
"THE NIT PTOFITs FOR THRn
"sAmE Pa Rod Rave BEsN ST.
"es7 ,6O9.56, OR An AVERAGE ORD
s'S419, 4O2., % PIE x ANNUM.
"The profits OF the last twelve months show az
considerable increase over those OF any former
"year, and the sales have progressed steadily as'
evidenced by the following statement covering |
"the period under examinations:
1851. Total Sales. 81, a27 ,439.1I,
1883. =" ............ s,512 ,329.9J"
1882. (" ............ . 5>O,s5a.sID
"1o6U.. ...s...s.... &,o3h ,41Ss4B'
"siO,I5s,I5I.6s'
(signed,)
sHART BROS, THBBkTTs Il co.,
II will be seen that the average yearly profit for
the past four years has been S4l9, 402.39. Taking
this as a basis and deducting
Six per cent. npon 3 100000
First Preferred stech............S75,O 10000
Fight per cent. upon 81 $4,000
Second Preferred ock..........1OU, 10000
And satasies of
Six former ownrrs,whs emain
II q T. q T. Il M AIMS APPiII.. 'o'ooo y"
CA8LE TO DIvlDENDs
UPON T8E GO " IN ON
STOlK THE sUI OF...2l4 ,4O130
WHICH h EQUIVALENT 40 IA PER
CENT. PER ANNUM.
THE VENDORS AGREE no RETAIN the
olvershtg tor fve years or more Of at least TO-
at par 81 100000 and consisting OF {, 600 shares
of Common Stock and 5000 shares of Second
Preferred Stock. These Securities tctH Dc d dced
in the possession Of the Boston SAFE Deposit C
Trust ConpdnyJoT the period neHt ioned.
Mcssrs, =. v. While g. Go. and Walter b.
Blanchard, EGG, President OF the Metro
politan National sank eG Boston have il.
bestigated the business al fairs of the sever
al vendors ard &c 0mm ad a. O securfti,.
offered as entirely worthy of public co MI.
dence.
PROsPECTUsEs AND EoRws
MAY BR oar
= II Tbs vAnhOuS oFFICEs wv n = n =
81 ssS.iFiIONs WILL BE RE-
SUBSCRIPTION LISTS WILL CLOSE WIN
NkspAf, MARCH IL. 1891.
mar2-4e