New-York tribune., 1891-10-16
REGISTRAR or TRANSFERS;
MERCANTILE TRUST CO.. 120 broadway, N. Y.
WE ARE AUTHORIZED TO OFFER FOR sUl
SCRIPTION TIE ABOVE ISSUE OF
seven Per Cent. Cumulative Preferred stock
AT PAR.

Tie Preferred Stock Is entitled to a cumulative preferred
dividend Of per cent, payable semi-annually on Jan
and July and. IN addition TO poportonate share OF all
dividends declared any year after cent has been
paid the other stocks outstanding The Preferred stock
also preference In the assets Of the company In case
Of liquidation over all other stocks.
The authorized capital stock Of the Company Is $OOOO
900. OF whch sooOocO IS Preferred Stock. Shares $50
each.
The portion offered for subscription will be full paid
and worcestershire when taken and paid for hereunder.
Application will be made n list the stocks on the New"
York and Boston Stock Exchanges.
The proceedings taken by the company to create this
issue OF Preferred Stock have been submitted to counsel
and they advise that the reorganization and THIS Issue
Of Preferred Stock valid In law.
The business Of the WcstlI chouse Electric and Manu-
featuring Company has to its present largo pro-
portions in about five years It's growth has been hoC
only rapid but continuous and has fully kept pace with
the remarkable development OF the electrical industry
Sales iOllOws
months, from lst April to 3lst December
1885 Slfl'o1o'It
IL months to 3lst December, 1SS7---.. S'f'ooI'o'
IL months TO 31st December, 1sSs.... l2SS'1&o9'ft &
II months 3lst December 1s50........ 30lo'5'9oi
II months to 3lst December 1s9o........ 42s9Ooool
The Company It's apparatus at three iuiy
equipped factories located, respectively at flttsous'
Penn. Newark y. j. and NewYOrk city, which furnish
exceptionally complete facilities fer the manufacture oi oil
kinds Of elect.ic light and power apparatus
The Company relies chiefly for success upon the quality
and mechanical perfection OF It's WORK. although 1t has moro
than one thousand patents a1ordng valuable protection
/
! against competition.
The Company viii continue have the benefit OF The
mechanical engineering ability OF its founder, Mr
! Westinghouse.
have an OF the assets Of the combined
Companes our has led to believe that,
after making liberal deductions for all foreseen conn-
rcnces the assets OF reorgonlzcd Company viii furnish
ample security tor the OF Preferred Stock.
without taking consideration the value OF the patents
at all and that the working capital VII be fully sufficient
70 conduct the business on an economical basis the saving
in the interest alone being sufficient to pay fun
| dividends on this issue.
Subject to certain reservations detailed in the prospectus
the OF the accountants shows an average profit
OF sia3I4O.j2 per for the p'riods considered.
We invite subscriptions to the aforementioned Preferred
| Stock At PAR, payable as follows:
10 PER CENT. OS APPLICATION.
80 PER CENT. on ALLOTMENT.
30 PER CENT. on 2D NOVEMBER.
80 PER CENT. On 23D NOVEMBER.
Subscribers the option OF paying in fll for the
stock allotted them and interest the anticipated
ment will be allowed the a % per cent per
Tho reserved to reject reduce subscrp-
ton. and 10 alocns OF Jess than the amounts ap
plied for In allotment preference Will be given far
as practicable to stockholders asscntng to the
cent plan Of REORGANIZATION and employees and dealers
| in the Comlanys manufactures.
The failure on part Of The subscriber pay any
stamcnt due shall operate forfeiture Of all
vous payments.
Thc subscription list will open simultaneously nt 10
O'Clock 4. NJ OIL Wednesday, the tth day of October
1891 aud close at o'clock X. W. on Friday, The 10Th
day of October. 1891, at our Offices