The Portland daily press., 1891-03-04
The Firm Of John Matthews, NY.
Established 1882.
A. D. Puffer & Sons Mfg Co.,
BOSTON. EsiabIi.hea Is42.
James ". Tufts, Boston.
Established 1858.
Charles Lipplncott & Co.. Phlla.

Established 1854,
l The business transferred in each case is taken
over from Jan. 1. 1891. The company has nc
debts or liabilities of any description whatever
| excerpts obligations necessarily incurred 10 tht
conduct OF business since that date.
Registrar of the stock.
/ BOSTON SAFE DEPOSIT s. TRUST COMPANY
BOSTON.
Transfer Agents i'm New-York.
MESSRS. S. v. WHITE & co.
Auditors.
HART BROTHERS, TIBBETTS & Co. LON
DON AND NEW YORK.
Directors.
JAMES w. TUFTS, President.
ALVIN ID. PNFFER, First Vice President.
ALFRED ii. LIPPINCoTT, Second Vice Presi-
JAMES N. NORTH, Treasurer.
JOHN II. MATTHEWS, of the Arm OF John
FRANKLIN w. HOPKINS, Of the firm Of 3. v.
White & Co., bankers.
WALTER 3; BLANCHARD. President Of the
Metropolitan National Bank, Boston.
The business of the corporation will be managed
by JAMES W. TUFTS, JAMES N. NORTH
ALFRED Fl. LIPPINCoTT, f. HAZARD LIP
PINCoTT, DANIEL j. PUFFER and LUTHER
w. PUFFER.
Each and every one of the present yeud
ors, whether empioyed in the new orp ora
tion or net so employed, have signed n cen
tract not 10 engage or compete in any sim-
liar business.
STATEMENT OF VENDORS.
Nature of Bnsiness.-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.
Property Conveyed.-The property conveyed
consists OF real estate, free and clear OF incum-
brance; the entire manufacturing plant of each OF
tne 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
VIII 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
in whose business 1t originated. and a working
capital VIII thus be provided equivalent to $780,
900 In money.
The property conveyed TO the company may be
thus summarized:
Real Estate. .......S l41.S69 ~
stock ON hand at Cost........ I,3J2,IaO.2l
Manufacturing Plant, at
much below cost........... 200,OOO.OO
Working Capital TO be pre-
vided ms above. 100000
-
s2,e0O, 100000
The above includes nothing for the patents by
which the goods manufactured by the retiring
firms are protected or for the good will which,
with respect TO each concern, represents q con-
tinually successful business career, extending as
to TWO Of them for more than so years, and as TO
the other two, for considerably more than a quar-
ter OF century.
The books and accounts of each of the
vendors has been Submitted 20 me-.r..
HART BROTHERS, TIBBETTs a.
COMPANY, the well known expert ne
constants, from whose certificate, which
IL set forth i'm full In the prospectus, the
following Is the extracts
ssThe AGGREGATE SALES FOR
"THE PAST FOUR YEARS HAVE
"BEEN s10,152.f5f.6S, EQUAL To"
SAN AVERAGE OF S2,J3s, 037.9P
"PER ANNUM.
"THE NET PTOFITs FOR THE"
"sAME PERIOD HAVE BEEN 81"
1917 ,6O9.56, OH AN AVERAGE or
s's419, 4O2.J9 PER 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 examination:
"18S7..Total Sales. 81 ,425 ,f30.1I,
1883. .......... s.5I2 .3ae. o1u
1852. ............ 2,JsO,gJAIIv
"lsSO.. ..""..... 1851 ,42S.4s,
''sio,I5e, I5I 90
(sigued0
CHART BROS, THBBETTs 4 co.,
II will be seen that the average yearly profit for
the past four years has been s419 400. so. Taking
this as a basis and deducting
p;, sn per cent. npen 81 100000
FIST Preferred stock............S15 600. 40
Eight per cent. upon 81 ,2JO.OO
second Preferred stock. 900 90
And salaries of
SIX former owners, whs remain
as gers..................... 70 0OA m
THE NE REMAINS APPLI- v"
CA8LE TO DIvIDENDs
UPON TIE GO N M ON
STOCK THE sUM OR1t4 Anu m
WHICH - EQUIvALENT no - PRas
CENT. PER ANNUM.
THE VENDORS AGREE TO RETAIN tbo
XXX 5or re pears more Of at least 10
~ oHdhEo Or the coDlpdnus stock IeI1rese,tt,,,
- Pdr sl,Ooo,gO0 and consisting OF 900 sh1res
ye Sonsnson STOCK and 5000 shares Of Second
STOCK. These Securities rim be ,1.Gced
~ . me possession Of the Boston SAFE Deposit &
Iase CoDsponyJor the period mentioned.
- Messrs, =. v. White & 90. and Walter y.
nchnrd, Esq, President of the Metro |
pontan National Bank OF Ho@sen have ia
esugnted the busIuess affairs of the sever
~ vendors and recommend the securiues
offered as entirely worthy of public conn
dence.
PROsPECTUsRs AND FORMS OF
MAY BE 0bnnED |
II tn &C VABIOUs OEEsCEs,W
CEIvED. 4
SUBSCRIPTION LISTS WILL CLOSE WE'D
NEsDAY, MARCH IL, 1881. .o.o