New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-06-29
CAPITAL STOCK $i,OOO,COo
Divided into 5000 Shares OF
500 Each.
All tie St0ck wiU be fuW paid ana
StOcL;hOyHers actU h0ce no per-
sonaJ liability UhGtever.

5000 Shares are preferred (peferred both a. 70
dividends and assets. The preferred STOCK Is ehN "
cumulative preferential dividend OF eight per Ten p
payable quarterly on the first days OF
April July and October in year. before any dVuhu
shall be paid upon the common stock.
The ren,slning 5000 Shares common stock enaaed
10 q non-cunuative dividend OF twelve per cent yer
annm after payment OF the cumulative dividend upon
the pref reed stock. -
The surplus profits over and above hese dividends VIII
be divided equally between bhe preferred ana common
stock.
Dividends will be payable at the Office Of the Franklin
Trust COMPANY or will be by mail TO shareholders
upon request The classes OF stock Will have the
voting power
All OF the common and 500 900 Of the preferred
stock by the surviving members Of the firm
aud the Company. The remaining 100000
900 shares OF preferred stock is offered for subscription
par right being reserved should the applications
exceed the offered 10 give preference 70 the regular
customers OF the house.
The rropos.d stock offers security almost identical
with that Of a bond with the privilege o.
sharing with common stock in surplus profits Inc ui'
dend Of cent. annum is cumulative ana IN case
OF payment Will remain until paid charge aess'
earnings the Company prior to all claims Of the
OF liquidation the preferred stock
paid In full. both in principal and accrued div
dends before payment made upon the common stock
The firm OF Journeay g. Burnhsm OF Brooklyn I'M
portcr, and Dealers in Dry Goods established in 1914
by Mr. Henry p Journeay and Mr. Lyman 5. Burnham.
In the following year Mr.. Hugh BOYD became a part
and the trm remained uncnanEt0 DcceHIoCF
last death OF Mr. Journey necessitsed this re-
organization
The reputation OF the firm FOR honorable dealing has
always been recognized. and its credit has been the
highest accorded by the commercial agencies Of the
has been Of continued prosperity
the sales having amounted s25o0oo per annum
Tor the past thirty years and the net profits during the
same period after deductng all bad and doubtful debts
been suici Mt the regular dividend upon the
preferred stock and dividends four twelve
nor mar the stock. From Feb
ruary 10 May 81. 1891 the net profits have not only
exceeded the necessary pay the dividends upon
both tie preferred and stock, but have been
larger any similar period except for several
years past These profits by agreement accrue TO the
new company dividend the preferred stock
will be paid october 1. 1891.
Tho assets OF Journey & Burnham acquired BY this
Company their fair inventory appraised value ordinary
made and exclusive OF the good will OF
the established business Of the firm largely IN
excess OF the preferred and amply sufficient
Tor the requirements OF the business.
Under hhe control a board OF directors the Company
Will be managed By the members Of the late firm. aided
by It's .xper enccd and reliable stat OF employees.
NJ ssr. Lyman s. Buroham and Hugh Boyd, surviv
ing partners and John ". Csklin. for years
socatsd with ntred into cment 10
remain It 10, service until July /, 1896, for such
rod the Company require their services
Proposed Officers Of the Company.
LYMAN s. BURNHAM. President Surviving members
HUGH DOYD. Vic President OF the late firm.
JOHN NJ. CONKLIN, Manager
FRANKLIN TRUST COMPANY, Transfer Agent aid
of tOrL