New-York tribune., 1891-05-17

This esrpo,anon is organized TO take over 'ne , ~ :,
property and carry on the business OF the firm OF "
STETSON Co., felt hat manufacturers oi VI. W 80
philadelphia. Pa. In consideration OF tue w ,.no,a,
Of g., 700 900 full paid capital stock, the o"u oo
the entire plant with It's organization as eo'hs ~, =,
including all the real estate, machinery, hxsurS' SON
trade good WILL trademarks, bills and accoun'' ~ c,.on
and cash on hand, the corporation, anu 'onA - ,d
covonant. To remain in the service OF the company
also binds himself not to engage In or gi'o WIG Wv
name any competing business - vo,-.h
The property conveyed. which is situated on 49,
and Cadwalader streets and Montgomery aVchue' I'M
delphia comprises the valuable real estate anu h"p
ments thereon together with the plant, macne,s ~ .,
annurienances and stock OF material on hhhu' ai" %
believed to be tho most complete ana pefieo'y
establishment in existence for the manufacture Vi ~
The trademarks and good will OF this business aCq
through a successful career OF twenty-sN ye't'' ~" -
value and furnish sure basis OF income
Tho net profits Of the business for tho ss' Iour S'
as shown by accountants certificate oeio", ms' -
s1,1J9.292.74. The net profits for ioo'
s27f, 26, and the amount steadily hncre"'0"'
by year 10 S332, ,624. 40 In 1890 MA,
The balance sheet prepared by Messrs Barrow waue'
Guthrie Co. shows that the fur ana other aeri".s
hand, together with the cash balance repreSeh, 49,
capital nearly 100000. The vendors staoe snS' w
stock In hand is OF considerably greater value thah e
figures shown on this balance sheet -
The Preferred stock will be entitled 10 cumulative
preferential dividend payable semLannuay' Inc Oo"-
mon stock will entitled to the surplus earnings air
3 ner cent per annum shall been paid upon the
preferred shares. "a.
a vendors take 800 900 IN preferred stock and s4oo
600 in commoa stock in partial payment The rcmander
of the cnpitnI stock named at the heaa hereol' -
now offered for public subscription at ali subscribers 10
take equal Of each class Of stock supecnp1sos
will be payable as follows:
10 per cent. n application.
80 per cent. on allotment
40 per cent, ir fifteen days nfter n'lotmenf
80 per cent. l., thirty days after allotment
Allotment, will be made as practicable 1he
right reserved reject any subscription OF 70 acep
I'm part II any subscription IS wholly rejected, the
amount deposited application VIII be returned
II tho whole amount applied for by applicant be not
allotted the surplus amount paid on application VIII oe
credited upon the to become due on the allotment
Subscribers viii have the option OF paying in full on
allotment and Interest the anticipated payments VIII
he allowed at the rate OF per cent per annum Tho
fIurc to pay any instalmt when due will forfeit all
prevous payments Receipts Will be issued for all pay
made and stock cer;lhcstes VIII DC ueereu uP0"
tile final payment
Preference in allotment Will be given to employees OF
tho firm OF Jchn r Co. aud to subscribers WHO
are in the hat trade.
THE SUBSCRIPTIONS LISTS WILL BE OPENED
AT 10 O'CLOCK A. NJ, on MONDAY, MAY 1s 1871
AND WILL CLOSE AT OR BEtoEE OCLuCh K
NJ on WEDNESDAY. MAY 20, 1891, AT TIE OF
FICES OF
MEssps. JOHN II. DAVIS & CO., 10 WALL ST.
NEw.YoRK.
THE UNITED STATES TRANSFER AND Ex-
CHANGE ASSOCIATION, AT THE OFFICE OF
THE MANHATTAN TRUST COMPANY, CORNER
WALL AND NASSAU SITS, NEW-YORK.
THE PROvIDENT LIFE AND TRUST COMPANY,
400 CHEsTNUTySr., PHILADELPHIA.
Advance applications can be made
m onu of tha hankArs priOr to the