The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-02-03
Register of Stock;
FRANKLIN TRUST COMPANY.
Depositories:
Oepositories:
FRANKLIN TRUST COMPANY.
NATIONAL CITY BANK.

The firm of Messrs. JouRNEAY q BuRNHAN, of
Brooklyn, Importers and Dealers Ia Dry Goods
was established in January. 1914, by MIR Henry
Z. Journey and Mr.. Lyman s. Burnham. In
the following year Mr.. Hugh Boyd became a
partner. and the firm remained unchanged I'M
u the death of Mr.. Journeay year ago neces-
STATED reorganization, and its conversion
into corporation was accomplished.
The reputation or the firm for honorable deal
ing and for the high class OF goods which it
handles, has always been recognized. and It's
credit and that OF the Company succeeding it, is
the highest accorded by the Commercial Agen-
cies of the country 1t has over 10000 patrons,
not only in Brooklyn, but throughout the New
England States New York New Iersev Peun-
sylvania and Maryland. aad extending as far
South as Texas, and as far West as Iowa
Its career has been one Of continued prosper
lily, the sales for upward of forty years past
having amounted to over 5 ,2J0, 900 per annum.
For the three months ending Decem Der Bist,
lB91-the first com plete quarter OF the corpora
tion-its gross business amounted to S3s6. 1856 IL,
being S71943 46 greater than the business of the
firm during the same period in the preceding
year. The net profits or the quarter were S37.-
tn IS, being at the annual rate of per cent.
upon the Preferred Stock ~ per cent, upon
the Common Stock. and q surplus equal 20 s n
100 per cent. upon both, making In all IS 11-I00
per cent. upon the Preferred Stock and IL 11-f00
per cent upon the Common Stock IL is. how
ever. expected that the business will show
much greater increase after March list. upon
which date the Company will remove from It's
present limited and inconvenlenty located
premises on AtlanJic avenue TO us new and
commodious building now nearly completed at
the junction of Fulton Street and Flatbush
Avenue. This site was selected after due con
sideration, and II lie believed TO be the most ad-
vantageous location in the city off, Brooklyn for
q dry goods business. 1t Is reached by seven
different lines Of street cars is opposite the sta
ton OF both Elevated Railroads and within two
blocks OF the Long Island Railroad station,
whereas the present location is reached by but
two lines OF street cars. The removal IL ia re-
spouse to popular demand, and universal as
surances of approval have been received Of the
contemplated change.
The Company is managed under the control
OF its Board OF Directors. by the surviving MEM
bers of the late firm, aided by its we'll known,
reliable and experienced staff of employees.
Ne srs Lyman 8. Burnham and Hugh Boyd,
and Mr.. John NJ. Conklin for many years asso
ciated with the late firm have entered into an
agreement with the Company to remain In its
service until July lst, 1896, and for such longer
period as their services may be required.
The stock now offered is the balance of that
issued by the Company to acquire the interest
of the deceased partner. The 8 per cent stock
which was offered in July last was largely over
subscribed. and was allotted pro rata among
nearly six hundred applicants. 1t is now quoted
LOG ex dividend bid, with no stock offered