Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-02

The firm OF Messrs. Journeay & Burnham, OF
Brooklyn. importers and dealers In dry goods,
was established In January, lsst, by MI Henry
2. Journeay and Mr.. Lyman 5. Burnhsm. In the
following year M. Hugh Boyd became partner
and the firm remained unchanged until tho
death Of Mr.. Journey year ago necessitated
reorganization, and its conversion into corpO-
ration was accomplished.
The reputation Of the firm for honorable desl-
ing and for the high class OF goods which 10 ham
dies has always been recognized, and ia credit
ard that Of the company succeeding 10 IL thu
highest accorded by the commercial agencies OF
the country. Il has over 10000 patrons, no.
only in Brooklyn, but throughout the New Eng
land States, New York, New Jersey, Pennsyl-
yanis. and Maryland, and extending as far South
az Texas, and as far West as Iowa.
Its career has been one o, continued prosperity.
THEsALEs FOR UPWARDS or FORTY YEARS
PAST HAVING AMOUNTED TO OVER si,25O.-
OOU PER ANNUM. For tho three months end
ing December 81, 1S9l-the FIRST complete quar-
ter OF the corporation gross business amount
ed 10 S6,905.17, being s7l,9ta4S greater
, than the business Of the nrm during tho sanlc
period In the preceding year. Theuet profits for
the quarter were s37, 777.ls. being at the an
nual rate of PER CENT UPON THE PREFER
RED STOCK. IL PER CENT. UPON TliE COM
MON STOCK, and q surplus equal to D ll-lOO
per cent. upon both, making In all IL 1l-lOO
PER CENT. UPON THE PREFERRED STOCK
AND II ll-iO0 PER CHIT. UPON THB COM
MON STOCK. 1t IL, however, expected that the
business will show much greater increase after
March lst, upon which date tho company viii re-
| move from its present limited and inconrsnien'-
| ly located premises on Atlantic avenue toits ne"
| and commodious building now nearly completed
| az the junction OF Fulton street and Flatburh
avenue. This site was selected after due con-
s,aeration ana IL IL believed to be the most al
vantageoua location In tho cliy OF Brooklyn for a
dry goods business. It's reached by sevsn differ
ent lines OF street-cars is opposite tho station OF
both elevated railroads, and within two blocks OF
the Long Island railroad station. whereas tho
present location is reached by but two lines of
strcet-cars. The removal IL In response TO q
popular demand, and universal assurances Of
approval have been received Of the contemplated
| change.
The company Is managed. under the control OF
its Board Of Directors, by the surviving members
| Of the late firm. aided by its wel-kno~n, relia-
| bic, and experienced stan OF empoyees- Messrs.
Lyman s. Durham and Hugh Boyd. aud Mr..
| John NJ. Conklin, for many years so;iated with
| the late frm, have entered into an agreement
with the company 10 remain In lis service Bnsii
July ], 1895, and for such longer period rs their
| services may DO required.
Tho stock now offered Is the balanos OF that Is
sued by the company TO acquire tho interest OF
the deceased partner. The per cent. STOCK
which was offered In July last was largely over
subscribed and was allotted pro rata amons
nearly 600 applicants. II Is now quoted 100
ex-dlyidend bid with no stock offered
CONDITIONS or SUBSCRIPTION.
Ten per cent. upon application. balance within
| ten days after allotment. The right reserved
should the applications exceed tho amount oner-
| ed, to allot less amount than that subscribed
for. Preference In allotment will bs given 80
far as IL practicable 10 tho customers Of the house
PROSPECTUS AND FORM or APPLICATION
| CAN BE OBTAINED FROM THE UNDERslGN-
ED AND APPLICATIONS MAY BE MADE TO
THEM DIRECT OR THROUGH LOCAL BANKS.