New-York tribune., 1892-10-18
VENDORS STATEMENT.

Hhe above twentythree companies and firms There
being but four other companies engaged in the bsne
"''''ure ana sell about IS cent. OF the entire
output OF type in the United States The largest Of
'"e'e companies has been In existence It's led
se's complete since 1885, and nearly have beeu long
established and unfoml. prosperous
high class Of skilled labor Is necessary IN produce
the plant and IL would require the combined obor ot
all the available talent In Europe and Americo for
many years to duplicate Of the larger plants rcp
resented In this Company.
Tarir changes cannot arec; the busnes, unrayorabv
=" large anu Increasing export business is being
d'hs win Europe and South America The superiority
OF American typo has been Acknowledged in a very
practical way in the English market.
All tho books and accounts have been examined by
Messrs. Hart Brothers Tbbets & Co. chartered Ac.
countants OF New.York and London. who report the
average annual net profits the last three years To he
s830,496. tho lowest for any one year being
$500, ,495.
The expenses during the last three years have been
excessive The cutting prices has been great. and
commissions to middle much Ia, ger than usual
The printing trade generally has received no benefit
from this. and many have expressed themselves . in
favor OF tho consolidation.
~ Will be seen. however. nom the above statement
that In spite Of these drawbacks the average earnings
have been more than double the amount required for
dividends on the Preferred Stock
II VIII be readily believed that the brlngln, to0e,h,
OF SO many and large interests hos REQUIRED the eons,a,,
effort Of many months.
The capitalization is believed 10 be a. conso,va,,o ~
that a any enterprise which ho. been offered 70 ,he
public. The chnncter and snhui,v -, ,h. ...t.. A.,
amour, OF assets the actual profits IN the past and the
probable profits under management, are the ground,
Of this belief
Ihe consolidated company will retain sn the skilled
labor now employed. Concentration OF business Will save
expenses and rent Of number Of duplicate branch
ohec' Commissions to mdiemen will be practically
done away with.
Specimen books have been issued BY each foundry =,
frequen, Intervals costing one foundry over s2oo 600
for single issue very large saving Will be made
here.
Every new design produced Involves q lorge outlay
At present cnch founder endavors keep PACE with the
other. thus duplicating plant a, great expense Tho
Advantages OF the company IN this respect are
evident.
carefully considered statement made ovcr the .Is
natures Of number of the lending foundersiai,ns the
figures on which their estimnc. based, confidently
predicts net enrninxs Of t en-t 81 200 900 per nnnu
Their large cash subscriptions the Common Stock in
addition 10 the coming 10 them n. pnrt of tbc
purchase price Of their plants the practical indor,e
mcnt Of their statement.
The inventory of the
property acquired
shows, I'm cash, mer.
chandise, bills re-
ceivable, and ac-
counts. s.(guaranteed) S2,46O.OOO
Machinery, tools, &c. 3,6jj,12S
Total assets. lex.
elusive of good
Will SO, ,11j,12S
Arrangements have made by which a su1tcient |
number OF present managers Will remain in charge OF the
business those who retire doing under contract not to
engage directly or indirectly IN competing business
Application will be have the srcuririe. Iistcd
upon the New York Stock Exchange.
THE RIGHT Is RESERVED 10 REJECT OR RE- !
DUcE ANY APPLICATION, 10 ALLOr IN FULL AD. |
VANCE SUBSCRIPTIONS. AND TO CLOSE THE |
BOOKS WITHOUT NOTICE.
SUBSCRIPTIONS WILL. CLOSE on OR BEFORE |
THURSDAY, OCT. 20, AT3P.M.