New-York tribune., 1892-10-18
u,,v PREFERRED STOCK WILL BE EN-, hNIlrEkT CLET
ra !. CUMULATIVE DIVIDEND or xHcS rEn U

TIE PREFERRED STUN VIII nvv CENT
II dnn nrrMTLATIvE DIVIDEND OF PEN UhNi
PER ANNUM, PAYABLE WI
QUARTERLY IN GUILD ,..,.. a,,,,
NJ. common stock will be entitled 10 cunui~'N 49,.
.a a, 12 per cent per snnum out OF inc e~4i's
'sa.na. on the preferred stock shall nave oeeh p
should theie be any surplus earnings NV.. sasm.a
~ dIyidends have made as above ana IL s ~
-. che directors 10 pay any part OF Su0h s~P'"
az dividends they are to be dVaed 50 'hA' NO'
ho,. A. pre,erred stock and each share OF coN'"OA
sh,ll receive the same proportion Msieoi
~ ,s PROVIDED IN THE CERTIFlCATE or
,rroupoRATION AND IN THE BYLAWS, Ihn, ,
M OTHER OR FURTHER MOKTrA"n Ur ~" COW,
sU.II BE MADE OR CREATED ON Ihn cUpr SU
~T,s PROPERTY AND FRANCH1SEs' EACEra
NTH THE APPROVAL OF HOLDERS Of ~ r,,n
cvxr ROTH OF THE PREFERRED AND of Ill, LII
CoWWoy sTO AIS OF THE COMPANn' !sn
VOTING POWERS OF HOLDERS of S"
oP STOCK ARE THE SAME.
The company has taken over the business oi uie w U
.rn.,v fhs Ohio Falls Car Company, with all inc
mont, hereof from July 1, 1892. the date upon "h0i
the old company paid its last DIVIDEND anu "e ny
,ouusay in arranging to pay for the properly ~ p"-
Nv the issue and delivery Of its fuu'pao pfeie''u eu
common stock has provided that the hrst year ior %
r.nne and making the dividends upon ie stocks Snail
end on July l. 1se3 and shall include the he' ealnns
a the old company from July i, lsoz' uh"i ''e .s
ever Of the property TO the new company. anu eso o
net earnings Of the new company from i's """e WV
Of the property until July !, leSo
The business has been a successful one ana IL Is
believed that It will continue to increase In .ne iusue
the indications being that the present year WIZ Ov
profitable than any previous year Inc io''e' VI w ~
csmpany were practically nothing.
The new company been organized ana the property
sovred and the stocks and bonds have been issued In
sccoance with advice Of Messrs Evarts' Ohooee
Baman, Of NewYork; Messrs Humphrey Das.e, VI
Louisville KY. and OF NJ T. stannsro' Esa' " 'e
yle Ind.
aNrE
.xn APPLIANCES HAVE BEEN APPRAISED BY
J.F.BARNARD, Esq, President ONO
g. Miss. r. r. Co.
GEN. JOHN ECHOLS,Vice Pres. New
port News & Miss. Valley R. Il. Co.
S. NJ. FELTON,, Esq, President Cin.,
New-Orleans g. Texas Pacific r. X.
Co.. at s1,SG6,sO3
AsvM IN EXCESS OF THE CAPITALIZATION,
NOTHING BEING ADDED FOR GOODWILL"
The annual fixed charges against income VIII De'
Interest on 100000 bonds at
Der cent .S38,OOO
Redemption Of $4,000 bonds mt
1Oj Der cent......................... xl,ooV
Dividend - per cent on SSOO,VOo ..
nre,erred stock ................ 64,OOO-.S121,oOo
leaving a surplus of over $4,000 per ann"m applicable
to dividends see report Of the chartered IN
another column. BY the annual redemption oil sonas
the interest charge will be steadily diminished
Two hundred thousand dollars OF the hrst mortgage
hands have bean Maid to the old company by the
company part payment for the property ana business
acquired and tha four hundred thousand dollars,
Of the bonds have been sold by the new comp"y' anu
the proceeds will be used to pay the debt OF the old
company.