The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-04-01
BETTER THAN BANKS.
THE LEADING AMERICAN INDUS
TRIAL DECLARES ANOTHER
DIVIDEND.

/
An Unusual Opportunity for Wide
awake Investors to Secure Shares
IN "a Company Whose Stability and
Earning Power Are Unequalled.
| II. II. Warner & Co., limited having de-
clared an interim dividend of per cent. on
the preferred and 5 per cent. on the COM
mon stock, dividend checks will be mailed
to the American shareholders on April 5
by the Central Trust Company of 81 Wall
street.
In November last this company declared a
dividend Of per cent. on the preferred aud
10 per cent. on the common stock. The end
of their fiscal year will be July 81. In order
to secure for our readers some idea of the
amount of dividend that will then be de-
clared, our reporter called upon Mir. Warner
at so Broadway, as also to ascertain any
thing further in regard to the recent report
that H. H. Warner & Co. were about TO
| double their common stock. In reply to the
soribe's question Mr.. Warner said:
1.-THE dividend which the company has
| lust declared is merely an interim one,
| Such a dividend is liable to be declared at
! any time. The company has a very large
reserve. and suppose the board of direc-
tors are deslrous of getting rid Of some of
| the company's Accommodations. They, there
| fore, declared this dividend, regardless of
the one to be declared at the expiration OF
our fiscal year"
"WeH, Mr.. Warner, what do you esti-
mate will be the amount Of the dividend the
company will pay at the close Of the present
| fiscal year"
81 cannot give any exact figures, but, as
| I annrnvfU1Qta
will have about $500. 900 to distribute at the
end of this fiscal year, in addition to the
| amount that will have been previously dis
| tributed in the course of the year, and
have every reason to believe that the next
dividend will be at the rate OF, at least 80
per cent on the common shares. In fact,
after paying the regular dividend of per
cent on the preferred stock, | believe that
the company will be able TO pay. If they
| choose, at the rate OF 40per cent. on the
common stock; but the co npany may con-
clude that it is wise to pay but, say, at the
rate of 80 per cent. dividend on the common
stock aud use large amount OF their sur
plus to cancel the remaining debenture
bonds. which now amount to less than
| 1925, 900, over $500, 900 of these dsbentures
| having been cancelled last year, besides
| paying l755 per cent. on the common stock.
You will see by these figures that the COM
pany will make even better showing this
year than ever before"
80. Mr.. Warner the prediction that was
made by you few d AVS ago to the effect
that you believed the company would
shortly double It's common shares is likely
to come true sooner than you anticipated"
mo, l. cannot say that. l do believe,
though, that the capital stock Of the COM
mon shares will be doubled during the next
fiscal year, commencing Aug. l. | cannot
well see what's to become OF our surplus.
unless we pay extraordinarily large divi-
dends-whlch | DO not think visor
double the common stock of the company.
| You see our business is growing better con-
tinually, and our common shares only
amount to $l.700000. There is a bright
| possibility of being able to make half as
much as that in the future from the Bak-
ing powder alone, which we are now
putting upon the market in addition
to our present business, which would
permit our paying over 80 per cent div
idends on the common stock. These facts,
| figured in connection withthe regular profit
| which has for years heen derived from War
ner's Safe Cure and Warmers Safe Yeast
almost warrant the belief that we will earn a
| net profit of over 81 ,000,0 per year. If
30 this vast sum would all 60 to the common
shareholders, after paving the compare
lively small dividend of s per cent. on the
preferred stock ard the interest on the res
manning debentures If not cancelled. With
|
record since being capitalized into a COM
pany, of a net profit from Warmers Safe
Remedies, alone, of over 81 100000 in two
years, my prophecy becomes almsst a
reality"
Are you still selling your shares, Mr..
Warner?'
~ shall sell few more shares to our
patrons, at the rate of SIS apiece for the
common anc $50 apiece for the preferred.
the par value of the shares being 9l0, or
about $50 each" .,....
''Are you willing to continue TO sell your
shares at this price, the purchasers to have
the dividend which has just been declared
of 5 per cent on the common and 4 per
cent. on the prererred%
YES, | shall sell few more shares up to
the time the dividend is actually paid, at
the prices | have just given you, the pur-
chasers to have the dividend. After the
dividend shall have been paid / do not ex-
pect to sell many more shares. but il am
satisfied | can benefit the business by using
this means Of advertising it, l shall sell a
few, but at an advanced price,"
lis there anything ftrther you wish to
say about the businessN
mo; there is nothing further to say, and
in fact. [ do not care to say anything.
am willing that the business should speak
for itself. claim that it has a dividend.
paying record for the past twelve years
that very few, if any, businesses can excel
When the revenue sure to result from War.
ner's Safe Baking Powder is added to that
already derived from Warmers Safe Cure
and Warmers Safe Yeast, / do not see
what there is to prevent it from being one
Of the largest dividend>payers of any legiti-
| mate business in this or any other country ,