Evening star. [volume] (Washington, D.C.) 1854-1972, 1892-07-15
FINANCIAL.

ARE AUTHORIZED TO OFFER FOR
SUBSCRIPTION AT PAR TIES
PER CENT CUMULATIVE
PREFERRED STOCK OF
THE
MICHIGAN PENINsULAR
CAR COMPANY.
Incorporated 1892
BUSINESS ESTABLISHED 1904
SHARE CAPITAL. ss. ooo. 900.
DIVIDED INTO
5000 SHARES.
sPER CENT CUMULATIVE PREFERRED sToCs
OF 800 EACH.
10000 SHARES
COMMON STOCK OF 800 EACH
ALL SHARES ARE FULL PAID STOCK AND
NoN-ASsESsABLE- STOCKHOLDERS WILL
HAVE NO PERSONAL LIABILITY WHATEVER
The Company begins business September L. 1892
without any debt liability. other than the bond.
mentioned be.ow.
THE PREFERRED STOCK WILL BE ENTITLED
TO CUMULATIVE PREFERRED DIVIDEND OF
Q PER CENT PER ANNUM. PAYABLE QUAR-.
TERLY IN GOLD.
The Common Stock will be entitled to dividend Of
1o PER CENT per snnurn payable in gold after pay
ment of the dividend u2oa the Preferred Stock and
TO further annual dividends ou. Of the net earnings Of
the Company after . sum equal to 4 PER CENT Per
snnun has been carried to surplus fund
Ono million dollars Of the common stock will re-
main IN: ssued in the treasury Of the company. to
provide for the future Enlargement Of the plant.
IN ADDITION To THE ABOVE SHARES,
s2 coo 900 FIRST MORTGAGE 5 PER CENT so
YEAR BONDS WILL BE ISSUED AND HAVE
ALREADY BEEN SUBSCRIBED FOR.
THE vENDORs AND THEIR ASSOCIATES HAVE
SUBSCRIBED FOR SECURITIES AT PAR TO THE
AMOUNT or - o0C. 600
The following. viz:
5000 SHARES PREFERRED STOCK GA 900. OO0)
ARE OFFERED FOR SUBSCRIPTION PAYMENT
TO BE MADE. TEN PER CENT UPON APpLICA-
TON AND THE BALANCE WITHIN TWENTY
DAYS AFTER ALLOTMENT. FAILURE To PAY
TIE SECOND INSTALLMENT WHEN DUE MAY
OPERATE AS a FORFEIT OF THE PREVIOUS
PAYMENT
THE SUBSCRIPTION BOOKS WILL BE OPENED
on THURSDAY. JULY a. AT 10 O'CLOCK A. NJ.
AND CLOSE ON OR BEFORE THURSDAY. JULY
q. AT . O'CLOCK PM
The allotment will Be made possible after
the subscription is closed The right is reserved TO
ailot less amount than that Subscribed for and to
close the subscription books at any time.
TIE preliminary payment ,ci Be made 70 the dnk-
recss,ing the piiaa.ion; the payment. atter al
iotmsnt. to the VIEW YORK GUARAyT AND ~
DkkyITY COMPANY. pAo ril issne tenn porayv
~eootabe certificates u ths ersgrayed stock certificate.
syenotreaap/ov d>itcery.
Subscriptions will also be received By the following
banks and bankers:
FRANKLIN TRUST COMPANY. Brooklyn
THE FIRST NATIONAL BANK. Detroit
STATE SAVINGS BANK. Detroit.
UNION TRUST COMPANY. Detroit
TIE FIRST NATIONAL BANK. Chicago.
FIRST NATIONAL BANK. Cincinnati
ST LOUIS TRUST COMPANY. ST. Louis
Application will be made have the securities LISTED
ppon The New York Stock Exchange.
TRANSFER AGENT AND TRUSTEE OF TIL
BONDS:
THE NEW YORK GUARANTY AND INDEMNIT,
co.
REGISTRAR OF STOCK:
TEE UNION TRUST CO.. New York.
COUNSEL:
Messrs. MILLER. PEcKHAM DIXON
AUDITORS:
M.ssrs BARROW. WADE. GUTHRIE co.
DIRECTORS:
HON. JAMES MCMILLAN. Detroit Former
HUGH MCMILLAN. Detroit. Officers snt
WILLIAM C MCMILLAN. Detroit. Director.
FRANCK ]. HgCKER. Of the
CHARLES l. FREER. Consolidated
WATSON NJ FREER, Companies.
HON. RUSSELL A ALGER. Detroit. Mich.
GEORGE r. TURNBULL. Vice pres.den. New Yor,
Guaraaty and Indeuni,y Co.. New York
xDwARD F. LAWRENCE. Director First Nations
Bank. Chicago. III.
VENDORS STATEMENT
This conpsny viii be incorporated for the purpos
sf taking and carryingon the business of all tn
Selloving companies:
The Michigan Car Company.
The peainsnlar Car Company.
ne Det-oi. Car Wheel Company,
Tie Michigan Forge and Iron Company.
The Detroit Pipe and Foundry Company
The Company acquires. free Of al encurbrances
She property of the hve companies. including III
real estate. hereita;nents. premises. the nIe
plant. machinery, and also the GOODWILL. In
business viii continue under the existing stat
nanagernent. the ofscers and directors Of the oil
companies becoming ofcers and directors % the ne,
eompsny.
The business OF these several companies consists
the manufacture and sale Of feixat Of every
scription wheels. castings bar IRON. and all tn
supplies required in the construction Of railroA
sauiprnsnt- The Michigan Car Company and th
Psn,nsuiar Car Company the largest nsnufscsu,
CT freight the world and have been sctiv
competitors.
The capacity Of the combined companies spprosche
ere hundred per day. and this can be increase
each year at nominal cost the real estate owned
TIE compzny bsinx succiens for larger plant III
business of the Michigan Car Company Vas estai
ished in 1854. and that Of the Peninsuiar Car Con
psny in ls10 and both companies have since been
suceessful Operation Their completeness and ell
srncy enable them to produce directly from the crd
DsterAls the numerous forms and Spbstdiary article
which are usraliy supplied by special manufactures