Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-03

Ths firm OF Messrs. Journey & BurnhAm. OF
Brooklyn, importers and dealers In dry goods.
was established IN January, 1874, by Mir. Henry
| p. Journeay and Mr.. Lyman s. Burnham. In the
| following year Mr.. Hugh Boyd became q partner
| and the firm remained unchanged until the
death Of Mr.. Journey year ago necessitated
| reorganization and its conversion into corpo-
| ration was accomplished.
The reputation of the firm for honorable deal.
ing and for the high class OF goods which IL han
| dies has always been recognized, aud Its credit
| and that OF the company succeeding It Is the
| highest accorded by the commercial agencies OF
| the country. 1t has over $4,000 patrons, not
| only in Brooklyn, but throughout the New Eng
land States, New York, New Jersey. Pennsyl-
yania. and Maryland, and extending as far South
as Texas, and as far West as Iowa.
Its career las been one OF continued prosperity,
THEsALEs FOR UPWARDS OF FORTY YEARS
PAST HAVING AMOUNTED TO OVER $780,
! 600 PER ANNUM. For the three months end
| ing December 81, 1S91--the first complete quar-
ter of taercorporation-itsg gross business amount
ed TO 1886, 965.17, being s71,943.4s greater
| than the business OF tho firm during the Same
period In the preceding year. Thenet pronts ,or
| the quarter were $37,777.IS, being at the an
nuai rate OF 8 PER CENT. UPON TIE PREFER
| RED STOCK, IL PER CENT UPON THE CON-
| MON STOCK, and n surplus equal 70 l1-lOo
| per cent. upon both, making In all 13 1l-loo
| PER CENT UPON THE PREFERRED STOCK
| AND IL 11-10o PER CENT UPON THE CON.
MON STOCK. II Is, however, expected that tho
business will show much greater increase after
March Ist, upon which date the company viii re-
| move from lis present limited and inoonvsnicnt-
| ly located promises on Atlantic avenue tots new
| ly m AT Al
| at tho junction OF Fulton street and Flatbush
avenue. This site was selected after due con.
alteration and IL Is believed TO be the most ad-
yantageous location In tho city Of Brooklyn for
dry goods business 1t Is reached by seven differ
ent lines OF street-cars Is opposite the station OF
both elevated railroads, and within two blocks OF
the Long Island railroad station, whereas the
| present location Is reached by bot two lines OF
| s,reet-cars. The removal Is In response TO .
| popular demand, and universal assurances OF
| approval have been received OF tho contemplated
| change.
Tho company Is managed, under the control OF
| its Board OF Directors, by the surviving members
of the late frm. aided by Its well-known, relia-
| BILE, and experienced STAFF OF employees Messrs.
Lyman 3. Durham and Hugh Boyd, and Mr..
| John NJ. Conklin, for many years associated win
| the late firm, have entered into an Agreements
with the company to remain in its service until
July i, 1895, and for such longer period a. their
| services may be required.
The stock now offered Is the balance OF that "
sued by the company to acquire the interest," Of
the deceased partner. The per cent. stock
which was offered In July last was largely over
subscribed and was allotted pro rata among
nearly 500 applicants 1t Is now quoted LOO
| ex-diytdepd bid with no stock offered.
| CONDITIONS OF SUBSCRIPTION.
Ten per cent. upon application, balance within
| ten days after allotment. The right Is reserved,
| should the applications exceed the amount ofier-
| ed, to allot less amount than that subscribed
for. Preference In allotment viii DO given 20
far as practicable TO the customers OF the house.
PROSPECTUS AND FORM OF APPLICATION
| CAN BE OBTAINED FROM TIE UNDEhsI0N-
| Ed AND APPLICATIONS MAY BE MADE TO
THEM DIRECT OR THROUGH LOCAL BANKS