New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-03
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Rhode Island
Perkins Horseshoe Go.
INCORPORATED UNDER THE LAWS OF
THE STATE or NEw.JERsEY.
SHARES, 500 EACH.
FULLY PAID AND NON.AssEssABLE.
MAITLAND, PHELPS & CO.,
NEw.YORK,
RHODE ISLAND HOSPITAL TRUST CO.,
'"~' PROVIDENCE,
RICHARDSON, HILL & CO., ...u,x
Are authorized to offer for subscription
1915, 900
7%Cumulative Preferred Stock,
100000
Common Stock,
OF THE COMPANY.

The preferred entitled 70 dividend at tne r''
OF per per annum from July i, 1871 paJaoe ou' VI
the earnings Of the corporation before any d'uehu 'e
apart or paid on general (commOn stock In case Oh
the non.payment OF such dividend, 1t shall remain uh'
maid charge against the net earnings OF the company
prior TO all rights OF the common stock Inc common 'o
Is entitled the surplus earnings OF the company IN "
amount exceed 10 per cent per annum rom inc S
date non cumulative IL any surplus remains afHr inc
payment OF such dividend to the common stock ana 10
divided as dividends is to be divided so that each snare
OF preferred stock each share Of common stock sha
receive the same part thereof
The authorized capital stock Of the company Is
81 OOO OF which 10000 preferred stock, ana
the amounts for subscription are issued as ~
paid and worcestershire when taken ana po ior
hereinafter specified The remainder OF he s'ocA'
not offered subscription has been taken by the old COM
pany par In part payment OF the transfer oil the prop
erty to the company.
It Is provided in the certificate incorporation and also
in the bylaws that bond Of this Company shall be issued
nor shall any mortgage b. made upon any Of It's property
the consent of at least seventyve per cent 90
per cent? Preferred and also Of the Common Stock
voting powers OF both classes Of Stocks are the same
The Stocks of the Company will be registered at the
Farmers Loan and Trust Company, and application Will
be made list them the NewYOrk and Boston Stock
Exchanges.
An examination Of the results Of the business OF the
company made by Mr. stephen Little lately First Vice.
President the Association Of American Railway Ac-
counting Officers, and certified TO by him. shows that
profits the five ending June 30, 1891,
ns follows;
1887 .s269. S62.33
1888 OBSERVATION-DISCLOSURES. G0o,l
1889 2i3,So4.S1
1880 Observation-Disclosures. 26J, 1852
1891 ACKNOWLEDGEMENTS. 26S960.S7
An average Of s262,654.73 each year-an amount
than sufficient pay Il per cent. the pre-
ferred and II Ii per cent. the common stocks.
THESE PROFITS ARE THE NET RESULTS ARTS
ING FROM THE BUSINESS OF THE COMPANY
DURING THE PERIODS STATED, AFTER CHARG-
ING ALL EXPENDITURES uNCLUDING COST OF
NEW MACHINERY, &C, &C. TO COST OF PRO-
DUCTION.
BY invention recently made by Mr.. Perkins for
which seven patents have already been granted and
allowed for the manufacture Of what Is
knowna Toe Weight shoe. 10 Is confidently expected
that the yearly profits Will be largely Increased
and above the general and natural growth Of the
business
The company has been organized. the property
veyed and the stock has been issued In accordance with
| the advice Of Messrs Evarts, Choate g. Beaman, of
New York, and James M. Ripley, ESQ., of Providence
X.
Pursuant resolution ofthc Board of Directors
half In all dividends declared the stocks
the company of earnings for the period from July
1891 20 July i, 1897 IL payable TO stockholders OF
of JAM 1892, and the other half In Of
all such dividends Is payable TO the stockholders of
record of July 1, 1892.
We invite subscriptions ut PAR TO stocks of the
above company, entitling the holder 10 half In
amount all dividends declared thereon of the
earnings of the company for the period from July 1,
1891, TO July I, 1892.
Payments will be follows;
10 PER CENT. On APPLICATION,
20 PER CENT. on ALLOTMENT.
20 PERCENT. ON JAN ). 1892.
or all instruments may be paid under discount the
rate of per cent per annum.
The failure pay any instalment when due may
operafe as n forfeiture of all previous payments.
AlIoinents will be made Immediately after the sub
scrpon il closed, and in where 10 IL pract-
cable make any allotment the amount deposited
application will be returned possible.
The right il reserved reject reduce appli-
lion and subscribers 10 accept such reduced
amounts also. close the subscription books my
time without notice
Receipts will be given for the several nsa mcnts
midi and stock Certificates will be delivered when the
final payment has been made, but not until after jan
1, 1892.
Books will open Dec. =. and close not later than
Dec. o, 1891.
MAITLAND, PHELPS & CO,
NEW-YORK.