New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1891-12-07
Rhode island
Perkins Horseshoe Co.
INCORPORATED UNDER THE LAWS OF
THE STATE or NEw-JERsEY.
SHARES, 500 EACH.
FULLY PAID AND WORCESTERSHIRE.
$875,OOO
%Cumulative Preferred Stock,
100000
Common Stock,
OF THE COMPANY.

OF per cent per from July l. 1891, payable out OF
the earnings OF the corporation before dividend set
apart paid the (common) stock. In case OF
the nonpaymeat Of such dividend It shall remain, until
paid, charge against tho earnings OF the company,
prior all rights the stock. The stock
is entitled 10 the surplus earnings OF the company in an
amount not TO exceed 10 cent aGnum from the sane
date, noncumuatye II any surplus remains after the
payment OF such dividend to the common stock and Is
divided dividends is TO be divided that each share
preferred and each share Of stock shall
receive the same part thereof.
The authorized capital stock Of the company Is
81 5000 which 1750o00 IS preferred stock, and
the amounts offered for subscription issued full
paid shares and worcestershire when taken ana paid for
hereinafter specified. The remainder OF the stocks
offered for subscription has been taken by the old
pany par in part payment OF the transfer OF the prop
erty the company.
IL provided in certificate OF incorporation and also
bylaws that bond OF this Company shall be issued
shall mortgage b. made upon any of ts property
without OF least seyentyye per cent as
per cent? OF the Preferred and also OF the Common Stock
The voting powers OF both classes OF Stocks the
The Stocks of the Company will be registered at the
Farmers and Trust Company and application will
be made list them the NewYoTk and Boston Stock
Exchanges.
An examination Of the results of the business Of the
company made by lir. stephen Little. lately First Vice.
President of the Association of American Railway Ac-
counting Ohccrs and certified TO by him, shows that
the profits the five ending June 80 1891
follows;
1883 ACKNOWLEDGEMENTS. 2S5. 145.OS
1SS9 2i3,S04.S1
1890. Observation-Disclosures. 265.44S.52
1891 2B~.g6D.S1
An average Of $500, 6J4.73 each year-an amount
more than sufficient to pay - - per cent the pre-
ferred md l. per cent ON the common stocks.
THESE PROFITS ARE THE NET RESULTS ARTS
ING FROM THE BUSINESS OF THE COMPANY
DURING TIE PERIODS STATED, AFTER CHARG-
ING ALL EXPENDITURES UNCLUDING COST OF
NEW MACHINERY, &C, &C. TO COST OF PRO-
DUCTION
BY new invention recently made by AIr. Perkins for
which patents have already been granted and
two allowed for the manufacture of what il
knownas Toe Weight Shoe. il In confidently expected
that the yearly profits will be largely increased
and above the general md natural growth Of the
business.
The company has been organized. the property
veyed. and stock been issued In ordance with
the advice Of Messrs. Evarfs, Choate e. Beaman, of
Newly York, and James Nj. Ripley, ESQ., Of Providence,
RI.
Pursuant 10 resolution of the Board of Directors
half In mount all dividends declared the stocks of
the company of earnings for the period from July
1891 July 1, 1892 is payable stockholders of
1892, and the other half In amount Of
all such dividends is payable 10 the stockholders Of
record Of July 1, 1891
We invite subscriptions ut PAR TO stocks of the
above company. emitting the holder 10 one-haIf In
amount Of all dividends declared thereon Of the
earnings of the company for the period from July l.
1891, TO July I, 1892.
Payments will be as foll0wsi
10 PER CENT. on APPLICATION,
20 PER CENT. ON ALLOTMENT.
20 PER CENT. on JAN 5. 1892.
n instalmens be paid under discount Mt the
of per cent. per annum
The failure TO pay any instaiment when due may
operate as a forfeiture Of all previous payments.
Allotmenfs will be made Immediately after the sub
scription closed and In where IL Is not pract
cable make any allotment, the amount deposited on
application will be returned ms soon ns possible.
The right il reserved TO reject reduce appli
cntion and subscribers accept such reduced
amounts also. close the subscription books at
time without notice
Receipts will be given for the several nsta lments ns
paid aud Stock Certificates will be delivered when the
final pa ynent has been made, but until after jan
1. 1892.
Books will open Dec. ?. and close later than
Dec. y, 1891.
MAITLAND, PHELPS & CO.,
NEW.YORK.
RHODE ISLAND HOSPITAL TRUST CO.,
PROVIDENCE, II. 1.
RICHARDSON, HILL & CO.,
November 49, 1891.