Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1892-03-12
HOW TO Make MONEY
WHAT THE LEADING AMERICAN IN.
DUSCKIAL HAS DONE.
A Hint which May Prove Rare Op.
portunity for Investors.

~ futnOr D1 came current OH inc
street yesterday that II. H. Warner
4 Co, one Of the most prominent In.
dustrial Institutions OF America, and
which has been capitalized in London,
was about to double its common stock.
The standing and Importance of this
company in the financial world quite
naturally caused this Tumor to become
the subject Of much conversation and
comment. The phenomenal success
this company has attained, and the
large dividends it has paid, naturally
made the rumor important and justi
fed an investigation. Therefore rep.
rescntative Of this paper called at the
New York Office Of the company, so
Broadway, in order to ascertain the
falsity or verify the truth OF the rumor.
Mr.. Warner, the president of the
company, is genial gentleman,
beaming with kindness and good ma
ture, but he became quite uncomnu-
NEGATIVE when approached by the
writer.
"Mr. Warner, it is reported that Fl.
II. Warner & Go is about to double
its common stock. Is this true?"
'Who told you that?" asked the
gentleman in surprise.
at is a current rumor. Are you
prepared to deny it?"
Mr.. Warner thought carefully for
few moments, and then said:
"FrankIy, think such will be the
case. The fact is, the business was
capitalized at far too low a figure
originally; as its earnings aud divi.
dcnds clearly show. Both earnings
and dividends justify three times the
present amount Of its common stock,
| was so convinced Of this when it was
originally capitalized that | purchased
IN the open market on the London
Stock Exchange large proportion of
the common stock myself at so per
cent. above its par value, we'll know
ing it was the best investment could
make Subsequent events have veri-
fed my belief"
"May l ask what the earnings have
been?"
"Certainly. 1t is no secret. The
, first year per cent. was paid upon
the debenture bonds, s per cent. upon
the preferred and III upon the com.
mon stock, while $3.50, 668 was car
ried to reserve fund. For the second
/, year per cent. was paid upon the
debenture bonds, 8 per cent. upon the
, preferred and III per cent. upon the
common stock, while S306,0OO of the
dehenture bonds were cancelled anG
100000 was carried to reserve fund
In round figures the company ha.
l earned during the past two years owe
100000. The earnings in the
United States alone for the sever
years prior to lis capitalization wa.
about *3,O0o,O00 Thus you Sc.
, the business since its capltalizatio,
, has largely increased in earning ca
pacitv."
"That is certainly most wonderful
showing. Have you any idea that i
will continue?"
81 believe it will double. Will.
the Safe Cure is the most popula
remedy in America, Australia, Eng
land and Germany, to-day. i, has new
er been introduced INTO France AM
, Belgium, where We are abou
, putting it on the market. Not only
that, but we are now manufacturing ,
baking powder. which, as you ar,
aware, is one Of the most profitable o.
businesses, one concern in this countr,
having made All annual profit of ,
million dollars for several years
These facts lead me to believe tina
the earnings of the company ca,
easily be doubled"
"How many common shares ar.
. there?"
',Thirty,fve thousand of clio each
whieh amounts in our money to trtl,
less than Sl.700,oOO"
3 "Will every holder of the stocl
receive double the amount of hi
stock In the event that this change il
: effected?"
r "Most certainly. That will be
h necessity. Quite naturally, the pres
ent holders are pleased at this prospect
and are holding on to the stock tena
J ciously. |, however, am such be
e lever in the fact that the talkins
e public is the best advertising medium
as to be willing to allow Unite,
number of nv shares to be secured b,
!. the right parties"
"For what purpose?"
"For the purpose of securing wha
we call free advertising. Every OH
holding few shares of this stock will
in be q Jealous advocate of the mo,