Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1891-11-13

DS ADftbJ eAAfSs 70 SSsss@S~ 49,
offered for subscription are fully paid and
dividends Of II ? per cent. per snluu
have been paid upon the stock. and Tor the
last fiscal year. ending July 81. 1881. ovsi
IS per cent could have been paid had ths
directors not called in and cancelled 1896
900 worth Of the debentutss OF the Gem
pany.
The Common Stock is entitled 10 the en-
ire profits Of the business each year After
the debenture interest and 5 per cent. divi-
dend on the preferred stock have been paid
These fxed charges amount 10 sl02.sG
while the average yearly profit for the past
niae years hss ntvsf been less than fcus
timss This amount. and for the last two years
has been nearly Eve
The following facts may be mentioned
smons the many favorable features Gen.
ne c.ed with the busuess Of b. d. Warner
& Co L mited.
II is the largest house Of its kind in the
world, its preparations being sold BY nearly
one million druggists, chemists, grocefs,
and general store dealers 10 almost every
civilized country n the globe. The wide
spresd popularity Of these preparssions 10
the best evidence Of their merits.
The business Of Company 10 virtually a
monopoly, consisting - ii does Of the msa-
ufsctu,e Of specialities, the trade names
and marks Of which are secured and regis
tered 10 all the principal countries Of the
world, and are The property Of The Gem
psny forever.
The Company has no liability hey ond its
Debsntures, originally amounting to e727,-
900, but reduced during the pass year to
s42l 500, and the current debt incident TO
all large concerns
The enterprise is not "one-man busi'
CESS" Although still under the general
MANAGEMENT Of the man who started ard
made it such . wonderful success, there 10
plenty OF material in The employ OF the
Compsuy to continue the business success
fully should any unforeseen accident char &c
thst management.
As The business 10 50 going concern"
paying enormous dividends, shareholders
will receive m almost immediate return
from their Investments.
The Company has returned to its common
Shareholders during the last two year 30
per cent. Of their invested capital, that is 10
say. for every 800 invested they have re-
ceiyed S35 in dividends, besides havirg the
value Of their shares increased by the can
cellstion of nearly OF e-half the Compsny S
Dsben.ures, and the accumulation OF .
reserve.
The statement Of profits, both before and
since capitalization. IS given elsewhere Ia
this prospectus, shows that the business is a
progressive one; and it is believed that the
future will show even largely Increased
profits from the fact that the European
business 10 growing rapidly.
The future earning power OF the business
il assured by the fact that the ms jority Of
the Common Stock is held by the m IN who
originated it, and under whose careful
manage ment it has been 90 successful in
the past.
NATURE OF THE BUSINESS.
The business OF II. Il Warner & Co :.
Limited, consists Of the mAnufscsure Of
proprietary medicines and preparations,
knowo as Warmers Safe" Remedies and
Warner Safe" Yeast, and was started ny
the Hon. H Fl Warner at Rochester, N. T.,
in 1879 Offices and Laboratories are es-
tsbltsh.d in Rochester, N. Y; Toronto,
Canada; London. England; Ffsnkfort-oI-
the Msin, Germany; kreuzlingen. Swift
zerlsud; Melbourne, Austrslis, and Dure
din, New Zealand. The establishment Of
the fices and Laboratories outside Of Roch
ester, N. Y, was render.d necessary owing
to the enormous increase OF the business
and the widespread demand for he prepare
tons.
PROPERTY CONVEYED.
The price paid by the Company for the
entire business as on July 81. 1889, includ-
ing the good will, trade marks ia all princi
pal countries and which are perpetual, pre-
scriptious ard recipes, real estate and
lesseho.d properties and buildings in
America and else Shere, fxed and movable
plant and machinery ut Rochester and the
different branch houses, cash in hand and
at banks, the stocks in trade Consisting OF
wholly and partly manufactured stock raw
material and advertising matter, furniture
and all property used In connection with
the | u ,iness in a,l pats Of the world. TO-
ge,he, with the benefits Of all current cjn.
tracts entered into by Mr.. Warner in r.la
ton Il ers,o, was So 395. 900 Since that
time the increase Of business Aad enlarged,
earring capacity Of the corcsrn have added
largely 10 the vslue Of the property
EARNINGS BEFORE CAPITALIzA.
TON.
Prior to its cspitaliz alton and organization
- an English Company 10 November 1859,
the business vas thoroughly examined BY
Engli.h accountants The real estate and
plant were valued by c. mpetent appraisers,
and the p,st history Of the business, espec-
tally 10 the way Of profits, WAS subjected to
the mos, rigid scrutiny. According to the
certifi i'd staten ent made by these sccouns-
ants. she average yearly profit Of the United
States Business Alone for the seven ,e-'s
prior to its capitalization was suffi-
Gent to pay per cent. intereG
4 unvi2 Ia Il