St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1892-03-31
BETTER THAN BANKS.
The Leading American Indus
trial Declares Another
Dividend.

En- Unusual Opportunity for W11e-
Awake Investors to Secure Shares
in a Company Whose Stability and
Earning Power Are Unequalied.
H.H. Warner g. Co, Limited. having de-
hlared nh interim dividend Of per cent on
the preferred End per cent on the common
stock dividend checks viii be malled 10 the
American shareholders on April by the
Central Trust Company, of 81 Wall street.
In November last this Company declareda
dividend of per cent. on the preferred ana
10 per cent on tho common stock. Inc emo
Of their fiscal year will be July 81. In order
10 secure for our readers some idea OF the
amount of dividend that will then. be de-
clared, our reporter called upon MI Warner,
at 50 Broadway, as also to ascertain anything
further in regard to the recent report that II.
H. Warner Il Co. were about 10 double their
common stock. In reply to the scribe
question, Mr. Warner said:
The dividend which the Company mas
inst declared is merely an interim one Sucn
n dividend is liable to be declared at any
time The Company has q very large re-
serve, and suppose the Beard OF DIRECTORS
are DESTROYS of getting rid OF some OF Inc
Compauy's Accommodations. They. therefore,
declared this dividend regardless of the one
TO be declared at the expiration OF our hscai
year.
We'll, Mr.. Warner, what do you estimate
will be the amount of diyidend the Company
will pay at the close OF the present hscal
year?'
Il canrot give any exact figures. but rs
near as can approximate the Company Will
have about 100000 to distribute at the emo OF
this fiscal year, in addition to the amount
that will have been previously distributed III
the course of the year, and have every rea-
son to believe that the next dividend Will
be at the rate of at least, 30 pei. cent on me
common shares. In fact, after paying Inc
regular dividend Of per cent Oh the pre-
ferred stock, believe that the Company Will
be able TO pay, if they choose. at the rate OF
40 per. cent on the common STOCK; Dut Inc
Company may conclude that IT is wise 10 pay
bat, say. at the rate OF 30 per cent dividend
on the common stock and use q large amount
of their surplus to cancel the remaining &c .
benture ronds which now amount to less
than S425000, over S3G0,U00 OF these deoen-
lures having been cancelled last year, be-
sides paving ZIP per cent on the common
stock You will see by these figures that the
Company will make even better showing
this year than ever before.
$50, Mr.. Warner, the prediction that was
made by you few days ago ITO the erect mat
you believed the Company would shortly
double its 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
will be doubled during the next fiscal year.
what is to become of our surplus, unless we
pay extraordinarily large dfvidends-which l
do not think wise-or double the common
stock of the company. You see, our BUSINESSES
growing better continually, and our common
shares only amount to S1700000. There is
bright possibility of being able to make half
as much as that in the future from the Bak-
ing Powder alone. which we are now putting
upon the market in addition 10 our present
business, which would permit our paving
dividends
stock. These facts, figured in connec-
tion with the regular profit which
has for years been derived from War
uer's safe Cure and Warmers Safe Yeast
almost warrant the belief that we will earn
net profit of over Sl,0e0,009 per year. If so
This vast sum would all go to the common
shareholders. after paying the comparatively
small dividend of per cent on the preferred
stock and the interest on the remaining de-
bentures if not cancelled. With the bust
ness continually improving ana its record
since being capitalized into a company, of
net profit from Warmers Safe Remedies,
alone, of over million dollars in two years.
my prophecy becomes almost reality.
Are you sill selling your shares, Mr.. War
ner?"
Il shall sell few more shares to our pa
irons al the rate of S75 apiece for the COM
mon and $50 apiece for the preferred. the
par value OF the shares being 9i0, or about
$50 each.''
Are you willing to continue to sell your
shares at this price, the purchasers TO have
the dividend which has just been declared of
per cent on the common and per cent Oh
the preferred:'
Yes i shall sell few more shares up to
the time The dividend is actually paid, at the
prices have just given you, the purchasers
10 have the dividend. After the dividend
shall have been paid do not expect TO sell
many mole shares, but if am satisfied can
benefit the business by using this means of
advertising it, ] shall sell a few, but at an
advanced price"
rs there anything further you wish to
Say about the business:'
No: there is nothing further to say, and,
in fact. 4 do netcare to say anything. | am
willing that the business should speak for
itself. l claim that it has dividend 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 de-
rived from Warmers Safe Cure and Warmers
Safe Yeast, do not see what there is to pre-
vent it from being one of the largest divi-
dend-payers of any legitimate business i'll this
mr. q n har -