The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1892-03-28
BETTER THAN BANKS.
The Leading American Industrial
Declares Another
Dividend.
An Unusual Opportunity for Wide-Awake
Investors to Secure Shares in IA Com
pany Whose Stability and Earning
Power Are Unequailed.

pany Whose Stability and Earning
Power Are UnequaiIed.
H. H. Warner & Co.. Limited, having declared
an interim dividend of 4 percent, on the preferred
and 5 percent. on the common stock, dividend
checks will be- mailed to the American sharehold-
ers on April 5 by the Central Trust Company, of
IS Wall street.
In November last this Company declared a
dividend of per cent. on the perferred and 10
per cent. on the common stock. The end of their
fiscal year will be July 81. In order to secure for
cur readers some idea of the amount Of dividend
that will them be declared, our reporter called
upon Mr.. Warner, at so Broadway. as alsoto as
Ger tain anything further in regard to the recent
report that H. H. Warner & Co., were about to
double their common stock. In reply to the
scribe's question. Mr.. Warner said:
"The dividend which the Com pany has just
declare ed is merely an interim one. Such a divi-
dend is liable to be declared at any time The
Company has q very large reserve and / suppose
the Board of Directors are DESTROYS of getting rid
of some of The Company's accumulations They,
therefore,, declared this dividend, regardless of
the one to be declared at the expiration of our
fiscal year." .
We'll Mr.. Warner, what do you estimate will
be the amount of the dividend the Company will
pay at the close of the present fiscal year"
Il cannot give any exact figures, but, as near
as 1 can approximate. the company will have
about $500, 600 to distribute at the end of this ifs
cal year, in addition to the amount that will have
been previously distributed in the course of the
year, and 1 have every reason to believe
tbof tba paxt diyiland will ha ut tba
rate of, at least, 80 per ceut. on the
common shares. In fact. after paying the
regular div dend of A per cent. on the perferred
stock, l believe that the Company will be able to
pay, if they choose, at the rate of 40 per cent. on
the common stock; but the Company may con-
ciude that it is wise to pay but, say, at the rate Of
80 per cent. dividend on the common stock and
use a large amount of their surplus to cancel the
remaining debenture bonds. which now amount
to less than S425, 600, over 500, 70 of these deben-
lures having been cancelled last year, besides
paying l71s per cent. on the common stock. You
will see by these figures that the Company will
make even a better showing this year than ever
before"
$50. Mr.. Warner, the prediction that was made
by you a few days ago to the effect that you be-
lieved the Company would shortly double its
ObiulOh SilcltC CD 10 lhCiy Il v thoh
you anticirated."
No, L cannot say that. lido believe, though,
that the capital stock OF the common shares will
be doubled during the next fiscal year, commence
ing August /. / cannot well see what is to be-
come of our surplus, unless we pay extraordinar-
lily large dividends which 1 do not think wise
or double the common stock of the Company.
You see, our business is growing better coatinu-
al., O,J am ,u,,n ebora, r,1u arpnt,pt 70
s., roo, 900. There is a bright possibility OF being
able to make ha { as much as that in the future
from the Baking Powder alone, which we are
now putting upon the market in addition to our
present business, which would permit ourpaying
over so per cent. dividends on the common stock.
These facts, figured in connection with the regu-
lar profit which has for years been derived from
Warmers Safe Cure and Warmers Safe Yeast, al
most warrant the belle: that we will earn a net
profit of over 81 900, ooo per year. If SO this vast
sum would all go to the common shareholders,
after paying the comparatively small dividend of
s Ter cent. on the preferred stock and The inter
est on the remaining debentures if not cancel ed.
With the bushes costinually improving and its
record since be.ng capitalized into a company,
of a net profit from arner's SafeRemedies IS, alone,
of over a million dollars in two years, my proph-
ecy becomes almost a reality"
Are youstill selling your shares, Mr.. War
ner?"
"Ishan sell a few more shares to our patrons,
al the rate of SIS apiece for the common and S5i
apiece for the preferred, the par value of the
shares being $40, or about $50 each"
Are you willing to continue to sell your
shares at this price, she purchasers to have the
dividend which has just been Declared of 5 per
- :. H. 11 oel a.
preferred %
eyes, l shall sell a few more shares up to
the time the dividend is actually paid, at the
prices I have just given you, the pur ihasers to
have the dividend. After the dividend shall
have been paid l do not expect to sell many
more shares. but if l am satisfied l can benefit
the busines IS by using this means of advertising
it, l shall sell a few, but at an advanced price"
"Is there anything further you wish to say
about the business ~
MOI; there is nothing further to say, and. in
fact, l DO not care to say anything. am will
ing that the business should speak for itself. 1
claim that it has a dividend-p paying record for
the past twelve years that very few, if any,
businesses can excel. When the revenue sure
to result from Warmers Safe Baking Powder is
added to that already derived from Warmers
SAFE Cure and Warmers Safe Yeast. l do not
see what there is to prevent it from being one of
the largest dividend-payers of an. legitimate
business in this or any other country"