New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-19
AMERICAN TYPE FOUNDERS COMPANY,
under Laws the State Ne"''"'e.
CAPITAL STOCK, SHARES 500 EACH, Ss,000,000,
nm shs ner cent Cumulative Preferred Stock $4,000 000
80 600 Shares Common Stock ,000
Nh BONDS ARE TO BE ISSUED.
VENDORS STATEMENT.


The above twenty.tAree companies and nrns (there
being but other companies engaged in the busnes
manufacture and sell per cent Of entire
output OF type United States largest Of
these companies been existence and has its led
gers complete, 1896. and nearly all lave been long
established and uniformly prosperous
high class Of skilled labor Ia produce
the plant and would require the combined labor of
nli the available talent in Europe and America for
many to duplicate Of the larger plants
resented in this Company.
Tariff changes cannot affect the business unfavorably
as large and Increasing export business is now being
Of American type has been acknowledged In very
practical way In the English market.
All the books and accounts have been examined BY
countants of New-York and London who report the
average profits the last three years to be
s659,496 the lowest for any year being
$780,, l95.
The expenses during the last three years have been
excessive. The cutting prices has great, and
commissions middle larger than usual.
The printing trade generally has no benefit
from this. and many have expressed themselves In
favor Of the Consolidation.
IL will be seen. however from the above statement
that spite OF these drawbacks the average earnings
have been than double the amount required for
dividends on the Preferred Stock.
1t viii be readily believed that the bringing together
Of many and large required the constant
effort OF many months.
The capitalization is believed to be as conservative As
that Of any enterprise which has been offered 10 the
public. The character and stability Of the business the
amount Of assets tho actual profits in the past and the
probable profits under management. are the grounds
Of this belief.
The consolidated company will retain ell the skilled
labor now employed. Concentration of business Will save
expenses and rent Of large number OF duplicate branch
omccs. Commissions middenen will be practically
done away with.
Specimen books have been issued BY each foundry 40
'requen, intervals. costing foundry over $4,000
for single issue 4 very large saving will be made
here
Every design produced involves q large outlay.
At eoeh founder endeavor pace with the
other. thus duplicating plant at great expense. Tho
advantages OF the company in this respect
evident
carefully considered statement made over the sig.
figure. which their estimates based confidently
predicts least 200 600 per
Their large cn-h TO the Common stock In
addition to the nmount coming to them as part Of the
pure price their plants Is the practical indorse.
mrni Of their stn fement
The inventory of the
property acquired
shows, i'm cash, mer.
chandise, bills re-
ceivablc, and ac-
counts. (guaranteed) 50 100000
Machinery, tools, &c. Boobies
Total assets. lex.
elusive of good
wild Sc, 11j,12S
Arrangements have been made by which sufficient
number " present managers will charge Of the
business who doing under contract not to
engage directly indirectly q competing business.
Application will be made TO have the securities listed
upon the Ncw-York stock Exchange.
THE RIGHT Is RESERVED TO REJECT OR RE-
pUCE ANY APPLICATION. TO ALLOr IN FULL AID.
VANCE SUBSCRIPTIONS. AND TO CLOSE THE
SUBSCRIPTION BOOKS WITHOUT NOTICE
SUBSCRIPTIONS WILL CLOSE on OR BEFORE
THURSDAY. Get. 20. At 81. VI.