The sun. [volume] (New York [N.Y.]) 1833-1916, 1892-03-23
BETTER THAN BANKS.
The Leading American Industrial
Declares Another Dividend.

awake Investors to Secure
Shares in a Company Whose
Stability and Earning Power
Are UnequaIled.
II. II. Warner K Co.. Limited. having de-
clared an interim dividend OF per cent on
the preferred and 5 per cent. on the common
stock. dividend checks will be mailed to the
American shareholders on April by the Gen.
trail Trust Company OF "a Wall st.
In November last this company declared
dividend OF 4 per cent. on tho preferred and 10
rcr cont. on the common stock. Tho end OF
their fiscal year will be July ~. In order to
secure for our readers some idea OF the
amount Of dividend that will then be declared.
our reporter called upon Mr. Warner Mt SO
! Broadway. rs also to ascertain anything fur
Their in regard to the recent report that H. II.
Warner 4 Co. wore about to double their COM
mon stock. In reply to tho scrbcs question,
Mr.. Warner said:
THE dividend which tho company has Just
declared Is merely an intcrim ono. Such u
dividend is liable to DO declared at any time.
| Tho company has very large reserve. and
suppose the Board OF Directors nrc DESTROYS
OF getting rid Of some OF the companys ac-
cumulations They therefore declared this
dividend. regardless OF tho one to be declared
at the expiration OF our fiscal year"
| well. Mr.. Warner. what do YOU estimate
! will be the amount OF dividend tho company
will ray at the close VI tho present fiscal
! ycar?"
! Il cannot givo any exact figures. but. as
! near as can approximate. the Company will
! have about $4,000 to distribute ut the end OF
! this fiscal year. in addition to the amount that
will have been previously distributed in the
course OF the year. and have every reason to
believe that the next dividend will be at tho
! rate OF at least 30 per cent on the common
| shares. In fact. after paying tho regular diyi-
! dend OF per cent. on the preferred stock. /
believe that tho Company will DO ablc to
| pay. II they choose. at the rate Of ~ per cent
on the common stock: but the Company may
conclude that 1t is wise to pay but. say. at the
| ratio OF 30 per cent. dividend on the common
stock and use n large amount OF their surplus
| to cancel tho remaining dcbenture bonds.
! which now amount to less than $425. COO over
S3Oo.OOO Of these dcbentures having been can
celed last year. besides paying IL, per cont.
! on the common stock. You will see by these
figures that the Company will make oven
better showing this year than ever BEFORE
y" So. Mr. Warner. the prediction that was
made by YOU few days ago to the effect that
you believed tho Company would shortly
double its common shares is likely to como
true sooner than you antici pated?"
No. / cannot say that. I do believe.
though. that the capital stock Of the common
shares will be doubled during tho next fiscal
year. commencing Aug l. l cannot we'll see
what is to become OF our surplus. unless We
either pay extraordinarily large dividends
which do not think wise-or double the COM
mon stock Of the Company. You see. our
business is growing better continually. and
our common shares only amount to 81. 100 900.
There is bright possibility OF being able to
make half n much n q that in fha fufn fror
the Baking Powder alone. which we are now
putting upon the market in addition to our
present. business. which would permit our
paying over so per cent. dividends on the COM
| mon stock. These facts. figured in connection
with the regular profit which has for years
been derived from Warmers Safe euro and
Warmers safe Yeast. almost warrant the belief
that We will earn net profit OF over Sl.0O0OOO
per year. II SO. this vast sum would all GO to
the common shareholders, after paying the
comparatively small dividend OF 8 per cent. on
the preferred stock and the interest on the re-
naming debentures. il not cancelled. With
the business continually improving and its
record since being capitalized into company
OF u net profit from Warmers Safe Remedie
alone OF over million dollars in two years. my
prophecy becomes almost a reality"
Are you still selling your shares. Mr..
Warner?"
shhii scii Il lew moro shares I'd our pa
irons at the rate OF S75 apiece for the COM
mon and $50 apiece for the preferred. the par
value OF the shares being so. or about $50
each.'
Are you willing to continue to sell your
shares at this price. tho purchasers to have
the dividend which has just been declared Of
rer cent. on the common and 4 per cent. on
the preforred;"
Yes shall sell few more shares. VI to the
time the dividend is actually paid. at tho prices
have lust given you. the purchasers to have
the dividend. After tho dividend shall have
been paid do not expect to sell many moro
shares but II am satisfied ! can benefit tho
business by using this means OF advertising it.
l shall sell n few. hut at an advanced price"
us there anything further you wish to say
about the business? 2"
No: there is nothing further to say. and. in
fact. do not care to say anything. am will
ling that the business should speak for ITSELF
claim that 1t has n dividend paying record
for the past twelve years that very few IL any
businesses can excel. When tho revenue sure
to result from Warmers Safe Baking Powder Ia
added to that already derived from Warmers
Safo Cure and Watner's Safe Yeast. l do not
SEQ what there is I'd prevent it from being one
OF tho largest dividend payers of any lcgti-
mate business in this or any other country"
II