The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-06-26

DWIGHT DIVINE, Euenvile. n. Y.
JAMES z. CAMPBELL. Hamilton. Ohio
GEO. II. HOLT. New York city.
ALBERT L. PANCoASr. Jersey City. N.
CHAS. II. SHELDON Jr. Providence. r. I.
A. CHAMBERLAIN. Meriden. Conn.
The Preferred Stock will be entitled to Cumulative
Preferential Dividends OF Per cent. per annum paya
Bile quarterly OF the profits OF tho Company and
will also rank against the assets OF tho Company in
preference to the Common Stock.
The Common Stock Will DO entitled 20 the su rpus
earnings when declared d,vdends after payment Of
the dividend OF per cent. on the Preferred stock
very large portion tho Preferred stock
has been already applied frr, nnd will he al.
lotted to advance subscribers. Tho balance
OF that Issue. together with $3.50. 900 OF the
Com mon Stock. Is now offered at par.
Tho Vendors Keiaih "a Majority OF the
Common Stock.
Subscriptions will be payable as follows.
10 per cent. application.
40 per cent. on allotment.
80 per cent. In thirty days.
The rrst ten per cent will be paid to tho bankers
through whom application Is made. which will DO
turned Il application Is rejected.
The subsequent ilstallmen:s will be paid to tho
Central Trust Company OF New York. which Company
VII! .ssce provisional rece!pts 10 b. exchanged for
certificates Of stock after ali payments made.
The right 10 reserved to reject reduce any appca.
ton.
The subscription books will be
opened at the Office OF Messrs.
Taintor & Holt, II Wall Street,
on June II, and closed on June 20,
at 3 p. M.
ALLorMENTs WILL BE MADE AS PROMPTLY As
POSSIBLE. As PER PROSPECTUS.
SUBSCRIPTION WILL ALSO BE RE.
CEIvED BIZ THE FOLLOWING BANKS
AND BANKERS,
CENTRAL TRUST COMPANY, Now York.
Messrs. R. j. DEAN & CO., New York.
INTERNATIONAL TRUST CO., Boston.
HOME NATIONAL BANK. MerIden, Conn.,
Messrs. SHELDON &.BlNNEY. Providence, R.L
Msssrs. n. THOUR0N & CO.. Philadelphia
CLINTON NATIONAL BANK. Columbus. ohio.
Messrs- c. H. POTTER & CO., Cleveland, Ohio.
Messrs. IRWIN, ELLIS & BALLMAN, cincin.
natl, Ohio.
The United States Cutlery Company has been formed
to purchase. unite. and take ever going concerns
four of tho Oldest largest and bestknown business
properties In the United States VIZ. those Of the Miller
Broa Cutlery Co. OF Neriien. Connecticut; the New
York Knife Co. of Walden New York; the Walden Knife
Co. of Walden New York. and that Of Dwight Divine Of
Ellenvillo New York.
The Company begins business on or about July l.
1892.
EXTRACT FROM VENDORS STATE
MENT.
These four con manufacture about as per cent
OF all the pocket cutlery made In the United states
Me Inns n W n NJ Oyert hau
steadily groSn into profitable undertaking Tho man.
ufacured goods now equal tho best foreign makes.
It is Impossible now to turn tho channel OF trade back
to the foreign manufacturers.
The Company acquires free of encumbrance all tho
property of tho four concerns used in wt
I heir business.
The real estate, buildings, MA
chinery, fixtures, patterns, Sc,
used In manufacturing, bnvo
been valued, under oath, by ex.
prrts Observation-Disclosures. 00040OO
Stores and manufactured goods
on hand mt cost prioe. and cash
In the Treasury. Observation-Disclosures. 100000
Totai,.."...,............ .........sI. las 900
Nothing IL Included in the FORE
going total for Any of the patent
rights. trade marks, OF good
Will, valued at,..,.........,.......... $500, 900
Tho books OF all these have been amined
by Messrs. Walden, Brooks and Donnely Chartered 40
countants and according TO their report tho business
OF these compAnies has steadily increased year by
year and The net profits for period OF over three
years largely In eAcess OF tho sum necessary to
have paid per cent dividends upon $500 900 Pre-.
ferred stock and the amount available for dividends
In 1891 wac s3i,5oo. From returns already to hand
since then. taking into consideration tho works
now In operation, which produced no go up Jan
uary 1892 tho profits for 1872 may fairly estmA.
ted be not less than sufficient to pay per cent on
the Preferred Stock and 10 per cent on the Common
Stock.
The prices upon cutlery have never yet reached
those which could have been asked by the increased
rate Of tariff
Tho present owners keep majority interest in the
Common Stock OF the company " hich will DO
formed to take over the properties
Tho manufacturing capacity Of these companiests
about 80 per cent. larger than In 1891. and their
product is sold months ahead at the full present mar
ket price.
The value Of tho solid 10 nearly one and ono
halt times the amount OF the Preferred Stock which
only preferred to income. but also these
assets.
Attention Ia especially called to tho fact that the
business of manufacturing cutlery still In It's infancy
In this country
Goams.
A pyANCEJ PROCURED UFON FURNITURE without
n RAD LIFE, 2JJ broAQbay Nav York