Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1892-04-05
BETTER THAN BANKS.
Tho Leading American Industrial
Declares Another Dividend.

An Unusual Opportunity for Wide-Awake
Investors to Secure Shares in a Company
Whose stability aud Earning Power Are
Unequalled.
H. H. Warner & Co.. Limited, having de-
clsrsd an interim dividend OF per cent on the
preferred and per cent. on the common stock
dividend checks will be mailed TO the American
shareholders on April by the Central Trust
Company, OF 81 Wall street.
In November last this Company declared a
dividend OF per cent. on the preferred and 10
per cent on the common stock. The end OF
their fiscal year will be July 81. In order to Sc
cure for our readers some idea OF the amount
OF dividend that will then be declared, our re-
porter called upon M Warner, at - Broadway
Is also TO ascertain anything further in regard
to the recent report that h. Il. NEner a 20
were about to double their common stock IN
reply to the scrlbe's question, Mr.. W arner salu
The dividend which the Company has Just
declared is merely an interim one. Such a
dividend is liable 10 be declared nj Sny time.
The Company has a very large reserve, ana l
suppose the Board Of Directors are deslrous OF
getting rid Of some Of the CompanN's accumn'
lations They, therefore. declared this dlli-
dend, regardless OF the one 20 be declared al
the expiration of the fiscal yeHr.
Wei, Mr. Warner, what do you estimate
will be the amount OF dividend the Company
will pay at the close Of the present fiscal year
II cannot give any exact figures, but as near
as / can approximate, the Company Will have
about SiOJJJJ to distribute az the end OF TINS
fiscal year, 10 addition TO the am punt thai VIII
have teen previously distributed IN the course
OF the year. and have every reason 10 believe
tnas the next dividend will be at the rate Of AT
least 81 per cent. on the common shares. In
fact, after paying the regular dividend OF per
cent. on the preferred stock, believe that The
Company will be able TO pay, II they choose, al
the rate OF 20 per cent. on the common stock
but the Company may conclude that II Is Wise
10 pay but, say at the rate OF - Ger c. Mt dlNt-
deud on the common stock, and use large
amount OF their surplus 70 cancel the remain
Ing uebeutUrr bonds, which now amount 20
less than 49,. 0OJ. over 10000 Of those oeOen-
lures having been crncelled last year. besides
paying ~ per cent. on the common stocA.
You will see by IN Sc igures tina. the Company
will make even better showing this year than
ever before
$50. MI Warner, the prediction that was
made by YOU a few days ago 20 the effect tnat
you believed the company would shortly double
It's common shares Is likely TO come true sooner
than YOU anticipated
No. cannot say that / DO believe though.
that the capital stock Of the common shares
viii be doubled during tho next fiscal year.
commencing Augusta. cannot well see what
Is TO become Of our surplus, unless we pay cN-
traorduuary .arge dlvldends-whlch ! do not
think Wise-or double the common SOCK OF the
company. You see, our business Is growing
better continually and our common shares
only amount TO sl1O0OO0. There is bflght
posi- biiity Of beiu- able 10 make hail a. much
a. that in the future from the Baking fowuer
alone which we are now putting upon the mar
Eet in addition TO our present business, which
would permit our paying over 80 per cent. dlyl-
dends on the common STOCK. These facts, hg
ured in nntc.iou with the regular pront winch
has for years been derived from Warmers Saie
a. NHasna "a "a
the belief that we will earn net profit Of over
: O0lOJ0 per year. II so, this vast sum would
oil 70 - the common shareholders, after pay
ing the comparativel small dividend OF ; per
cent. on the preferred stock and the interest OF
the remaining debentures II not cancelled
with the business continually improving and
its record since being capitalized INTO com
pauy, OF net profit from Warmers safe Rene
dies alone OF over a million dollars IN two
years. my prophecy becomes almost re-
Atty. 80
Are you still selling your shares Mr.. War
ners'
al the rate OF $40 apiece for the common and go
apiece for the preferred, the par value OF the
shares being go, OF about 30 each
care You willing to continue 10 sell YOUR
shares at this price, the purcha sers 10 have the
dividend which has just been declared OF per
cent. on the common and per cent. on the
preferredt'
Yes. I Shall sell a few more shares up to the
time the dividend is actually paid. at the prices
/ hrve Just given you, the purchasers 10 have
the dividend After the dividend shall have
been paid do not expect ito sell many more
shares but II / am satisfied ! can benefit the
business by usins this means OF advertising IT,,
| shall sell few. but a. sn advanced price.
lis there anything further you wish TO say
about the business
'.No: there is nothing further TO say, aud, in
fact. do not care TO say anything. / am Will
ing that the business should speak for Itself. /
claim that ~ has a divdend-payIng record for
the past twelve years thRtvery lew II any, bus
mess can excel. when the revenue sure 10 re
suit from Warmers safe Baking Powder is ad-
Ged TO that already derived from Warner Safe
Cure ana Warmers safe Yeast, ] do not see
what there is 20 prevent IL from being one OF
the largest dividend-payers Of any legitimate
business IN this or any other country