Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1892-02-04
HOW MILLIONS Arb NADI.
WHAT Perseverance, AND PLUCK
CAN ACCOMPLISH.
Inspection OF the American Brsnch Of
the Largest and Host Prosperous Busi-
ness OF Its KIDD In the World.
Especial corrcspondenco {

ROCHESTER, N. T., January 2d.--A visis 70
Rochester Is considered incomplete unless u In
clndes, among tho various sights OF this thriuns
city, an inspection OF the mammoth eight-story
1re-proof building, which contains the largest
institution Of its kind In the world. As was
determined, n possible, TO see all OF Interest ID
this city yesterday called ut tho ONCE OF this
great company, presented my card, aud was soon
IN the presence Of man whose name u perhaps
better known the world over than that OF any
other American. That man Is the Hon. ii. ii.
Warner.
Its, perhaps, delicate matter to ask Of any
gentleman an inspection OF his premises and
business, especially when they ore 80 mammoth
as this. but found Mr.. Warner most geniai
gentleman, aud the result vas tnnt nc per-
sonaIly consented 20 accompany mo through the
institution. II was bewilderins at nrst, 50 many
departments, 50 many men, 20 many shis' anu
ell working as fast ss poshble, while mecnen'-
cal Inventions and cortrivances OF all sorts TO
placed manual labor wherever possioie.
Aswe passed rapidly on from one department
TO another tho chief thing that struck mo was
the exceeding cleanliness OF each and every oe-
Observation-Disclosures where the great vessels
hold the medicine IN course OF prsparsuon,
cleanliness where 1t Is thrown Oh ana po''ieu
by an automatic hller that cuts on the suppH
when tho bottle Is full; cleanliness "hete 'no
bottles are corked and labelled; cieannhese
where they are boxed, and nnsiiy "hore VIZ
boxes take clean Jump down the spirei cnus'
which runs from the packing-room spo'e r'au'
10 the freight department on the ground noor
"Our yeast said Mr.. Warner, "goes 70 inc
consumer untouched and unhsndled"
I can attest 10 the truth OF this Statement
having watched the Journey OF the yeast rom
the great watts down TO the rolling and cutting
process, then on to the drying and packing, ana
know that no a and touched IL 10 suly or soh ils
snowy wilderness.
.ouc yssst business" said Mr.. Warner, us
but SIX years old, yet 50 SUCCESSFUL has IL peon
that we already control the yeast trade oil tue
country. We are now making arrangements TO
Mace ON the market Warmers Safe Baking
Powder We have been experimenting In this
line for several years, have employed the best
chemists In this country and abroad, especially
Germany, aud have succeeded In perfecting a
baking powder which is as far in advance OF the
powdsrs now upon the market as our 'safe
Remedies arc above the vile limitations and
substitutes which are offered in their stead.'
"But isn't the present demand for baking
powder pretty well supplied
"1rue, there are many baking powders, some
good. others bad; but the truth IS the puohc
will always buy superior and meritorous arti-
Gle. They want and will have the latest improve
menis aad discoveries in baking powders, as IN
all other lines, and we are preparing 70 give II
20 them. We have produced a scientific prepa-
ration. new discovery in baking powder, which
will sell on its merits"
"That will coon prove an additional source OF
revenue to your companyg
"Yes; the baking powder business Is very
| tah in this country. L am
| told, makes profit OF million dollars a year.
"Ihis business is now an English corporatlon'
| Is IL not, Ny. Warnerf"
ayes; IL was capitalized In London two years
| ago last fall for 50, 395, 0O0."
WAS the result Of the capitalization an in-
| crease in the volume OF business ana q corrc-
! spending increase In profit1"
The Success OF the business since its captain
cation has been enormous. The first years
trading, after providing for the per cent. on
| ths debenturea, resulted In return 20 the
| shareholders OF dividend of per cent. on the
| preferred stock and IN per cent. en- the COM
! and carrying forward 10 next years hccOlnt
| sG2,419. For the second year o per cent. was
| paid ON the debentures, and dividends Of per
| cent on the preferred stock and 1711 per cent
| on the common stock, besides the cancellation oil
! $500, 900 Of debentures and tho carrying Tor
| ward 10 next year Of 100000 as undivided pr
| IT. Had the directors no: thought u Wise y
| cancel this large number OF debentures divi
| dend OF 35IS per cent. could have been paid on
tho common stock, besides carrying forward
| 100000 az undivided profit."
"This is a remarkable showing. sumneriza-
| ton OF the figures you have lust given me shows
| tina. the profits OF the business during the pas'
| two years have been sufficient " enable the d.
rectors 10 pay b,ck 20 the shareholders sloo,-
ooo besides Paying 1seres, . On aS eaace
| over $500, 900 OF these debsntures, and place TO
| reserve fund OF over 100000. Nr. Warner
| theae figures are simply staggering"
yet they are all true according 70 the state
| ment Of the chartered accountants and your
| own computations They simply go to SHOW
| the enormous popularity both at home and
| abroad of our preparations"
| "And is the sale increasing
| "Constsntly. The aggregate for the nv,
years ending July 81, 1890, WAS l3.sO7.l OF
bottles, giving average yearly sale OF 2,70l, =
43I bottles, while the sale for the past year end
! ing July 81, 1891, aggregated 3,o9o,lI4 BOT
ties, or over 80 per cent"
| "rae business at present eeems 10 be In
| most prosperous condition, but what Is the out
| look Ia the future !"
"Better than the past has been. Our bushes:
all over the world is constantly improving. This
IS especially so in Europe, where the branches
| show a steady increase In pront and q reduction
| in working ex penses over previous years. Durins
| the past year a branch was opened In Switzer
| land which has already given satisfactory 70
| turn for the money invested. As an evidence d
how profitable our branches are, may tell you
that the average yearly PROFIT OF our Australia
| Rouse hlDHc, siICc tut VI iuc bu5i
ness, has been sufficient TO pay the whole OF III,
debeuture interest, as well as per cent pei
| AMMAN on the preferred stock. As the amount
required 10 do this "a something over 100000
| yearly, and the population OF Australia is less
| than 1000, 900, II gives you little idea OF the
popularity Of Warmers safe Cure in that coun'
try"
| slider YOU have covered that thoroughly"
| Not by any means. The best proprietary
medicine country In Europe, France, we hay,
not touched yet. In fact, outside OF Grea
! Britain, Germany, Austria, and Switzerland VT
have done nothing, and tho truth 10 we have only
| lust got those countries nicely going. Arrange
| ments are now being perfected 10 introduce oul
| preparations into France and Belgium. The PEG
pie Of these two countries are frugal, and conse
quenty rich and their habits Of life are such n:
to make our preparations especially valua BILE %
! them j consider France with its 40,0O0,000 OF
| well-to-do people, as promising hela Tor ou
business as any country In the world
"1he condition Of your business Is certainl,
| prosperous, and the outlook for the future Is a..
that could he desired but let me ask you, Mr
| Warner, where IS the stock Of your compan,
principally held?"
alright here" replied the all-the-world-rount
medicine-nan. and he pointed TO a large fire
proof safe In his private ONCE.
| But you certainly don't own all the stock a?
"No but very large proportion-somethine
| 10 small lots all over the world. We have share
holders Ia England, Ireland, Scotland, Germany
| Austria, Italy. Switzerland, Austraiia-in fact
there is scarcely civilized country In the woril
!, where one could not ind some Of the shares.r
But why so scattered?"
"For tho best reason In the world, 10 adyertis,
| orr preparations. In a shareholder OF our com
| pany recognize a most jealous advertiser 0
our business. Being naturally Interested In larg,
\ dividends, he talks the medicine among hi
| friends, sounds its praises, increases the sale
| and his own profit. You can't buy such adser
tising at 90 much per line, yet Il Is the most val
| uAble you can get and c0sts you nothing
'Outsde OF your own immense holding ar,
many shares in the hands OF parties living II
this country
"Ye. ana the number is increasing daily. In
| our safe Cure Almanac for 1892, which
| handed you a. we came through the mailing de
| parlment You will mad on page "a a hmitse
| offer Of stock, which 10 being rapidly subscribed
! for There are many people IN this country who
use our remedies who have but few opportu
mites 20 invest their earnings In live inilstria
! enterprise where they Will be- safe and at the
| same time afford them an assured and higt
ratio Of interest, and il Is for the purpose OF pro
I yiding such people With an investment OF hi.
| character as well as to advertise the business
that the offer IN the almanac Is made"
| al see that you only Offer 1000 shares Of pre-
| ferred stock at S50 each, and 1000 shares o
| common stock a. $40 each, and that you llrni
the subscriptions TO tan shares Of each kind o
stock 70 eAch person"
| "Yes the limitation 10 made for the purpos.
4 ~ rotffno xida "A distribuffOn NJ ef.s.k "A