New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-12-13
finanriai.

Messrs. A. M. Kidder g. Co.,
NeW-Y0rk.
The Rational Exchange Bank,
The American National Bank,
Hartford, Conn.,,
are authorized to offer for subscription at par
Sl,25O,OOO
Of the
5 PER CENT. CUMULATIVE PREFERRED STOCK
Pratt 6 Whitney Comply
Incorporated under the laws Of NewJersey.
Dividends on this will DO cumulative at $ per
cent per onnum, payable quarterly. and this stock viii
have preference the all the property and
Of company. No bond mortgage be put
upon property except by OF 20 per OF the
Preferred Stockholders. All stock is fun paid and
ossessable stockholders having personal liability what
AUTHORIZED CAPITAL, SO oco 600.
SHARES. 100 EACH, DIVIDED INTO
10000 SHARES
COMMON OR GENERAL STOCK. 81 ,oc0oo
10000 SHARES
PREFERRED STOCK. OF WHICH $500
SHARES REMAIN IN TIE TREAS
URY, LEAVING PRESENT
ISSUE. sl.75oOoo.
This company Is formed to acquire OF ond
the heretofore conducted by The Pratt and
Whitney Company OF Hartford Conn, of the largest
and widely known manufacturers OF machinery and
tools this country. The buness has been established
thirty years aud has been constantly Increasing Ia
volume and profits.
VENDORS STATEMENT.
The property has been appraised by Ir. J. +. 1ol-
loway, Vice President and Treasurer OF Henry T. Worth
dncorrorated. NewYor& assisted By NJ John H.
Hills. Of Hartford in yalulng the r,al estate.
Adding their appraisal the book accounts bills re-
cevable, and cash, makes the
Total 81. 1874 600
exclusive of patents, good WILL trade marks being
SIS ..cCO In excess Of Preferred Stock nov issued
The books examined tor 1889, 1890 and 1891 by
Mcssrs Delotc. Deycr, GrIlths q lCo.
Their report shows earnings equal 10 = per- cent on
the Preferred Stock 10 pr OF the Common. and
leaves sufficient surplus for salaries. management and
contingent cxpcnses.
Detailed report, the app md accountants may
be at the oncc Ct Of the ronAeF prospectus
containing them VIII be sent application.
Tho Secretary OF the company wFts:
Hartford, Soy ;. isIe
"Ptescnt indications that the volume OF business
and the profits q TIC company in the year lso2 VIII b"
approximately the tie average FOR ule last three
wears orders coming in freely now at
time in the existence Of the company, and prices are
easily maintained"
The Preferred stock remaining IN the treasury.
par: may De required, Will b. sI during the progress
contemplated extensions Of the buildings The assets
viii b. increased 70 the fail Ct the additional stock
issued and the MANAGERS express, belief that this course
WI. earnings $4,000 s75C COO per Onnum.
The OF company consist Of The railroads
and turing the country. extensive
sales are also Iade alb Dad. THE BUSINESS II INDE-
PENDENT OF THE QUESTION OF TARIFF, AND
DOES NOT RELY UPON PROTECTION.
The present managers Of the company agree 10 remain
FOR period Of years moderate salaries, the maxi
Of which is Axcd.
The following gentlemen have consented to serve
Directors: Mr L. \. PRATT. Mr. AMOS WHITNEY,
Hon. HENRY c. ROBINSON, Mr. ROWLAND SWIFT,
President American National Bank; Mr. JOHN L. RED
FIELD. President National Exchange Bank. Hartford;
Nj. r. y. BLODGErT. Mr. J. l. WOODBRIDGE,
Mr.. GEORGE w NJ REED, Hartford; Mr.. c. c. GUY.
LER. 0. Cuylcr. Morgan Co.; Mr.. WILLIAM NJ
KIDDEI. u A. NJ Kdder & Co.. New.York.
TRANSFER AGENTS ~ NETWORK.
Mcssrs. a. NJ. KIDDER s co.
REGISTRAR or TIE STOCK.
n. Y. GUARANTY AND INDEMNITY co.
COUNSEL,
MESsRS. CARTER LEDYARD, New-York
HON. HENRY T. ROBINSON. Hartford, Conn.
AUDITORS.
Messrs. DELoITTE, DEvER, GRIFFITHS co.
THE SUBSCRIPTION LISTS WILL OPEN on
THURSDAY, DEC. Is, 1892, AND CLOSE ON Or
BEFORE SATURDAY, DEC. II. 1892.
Payments will be made m ioows:
10 PER CENT OK APPLICATION.
40 PER CENT on ALLOTMENT
50 PER CENT on JAN. ,. 1898.
The right reserved 70 reject reduce applica
ton. Upun innI payment. provisional cgotiabc re-
crp- Ill be issued by the New York Guaranty and
Indemnity Company, TO be- exchanged for engraved
certificates OF stock in due course.