New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-21
AIR. CRiTTENTON 4 ROYAL GfVER
DIVIDING $40 X OF MS PROSPEROUS DRUG FIRM
AMONG OLD rMPIOYES.

DIVIDING STOcK OF ms PROSPEROUS DRUG FIRM
AMONG OLD rMPT.OYES
Charles ". Cr1tten'on Is known to New Workers as
the founder u the Florence Missions In eecker st.
this city In New Brunswick, " j.. san Francisco.
sacramento, and san Jose. CAL In memory OF Ms
daughter Florence. who died some years ngo. Now
cDnes the news that his large wholesale iobbing bus
ness In drugs and proprietary medicines has been in
oorporatci under the laws Of this stat with capital
" $40 900 and that rgr blocks Of the stoch have
been transferred. without any consideration. tn five
heals Of departments VITO have been his faithful
poycs for years. The stock Of the new company Il
now nil held hy Mr.. Cnttenton Thomas T.. DclnnO.
Franklin II. Waterman. Edward G.. Wells Alfred H..
Kennedy and william a. Demorest. one conservative
manager OF proprietary medicines said Yesterday that
the amount Of the capitalization did not begin to
resent the value Of the property. but he presumed that
IT was ample for Mr.. Critentona purposes.
Thomas T.. Delano. the first vcc-prsident Of tho
new corporation. confirming the report said Yesterday.
when seen at the Office u the concern, NOS Id and
III Fultons "Our business Is wholesale iobbing MI
over the United states and nlS, Import AMI export
trade with foreign countries There will be absolutely
no change In the policy or plans OF the business.
A matter of fact. Mr.. Crlttcnton has not been In
tmately associated IN the business management Of the
house for six yenrs Three ago he started to
travel around the world and wien he arrived at San
Francisco he became convinced that the missionary
work he had begun In the East could be carried on
with advantage IN California And h has since dc
voted hi, whole time and his private Income To the
raising up Of fallen women. Tue Bcccker street Mis-
sion COS, him over 100000 and the annual expenses
NIL of which he dcfrays. $4,000. Four other
mission houses he absolutely, but they
partially scll-suprorfing
Edward q. Wells the third Voepresidcnf. said ::
"No Would not care to say Just how much stock Mr.
Criitenton gave each One Of US. but the amount de
pcnds naturally upon the length OF time have each
been In the business aud closcness to him. Other
men WILL think. be taken into the company Mt differ
ent fines. Mr.. Kennedy the buycr for the house has
been I'm the service twenty six years Mr. Dcmorcst the
head OF the retail department, twenty years: Mr..
Dcano the general manager, twenty eight wears: Mr.
Waterman sixteen years and have been he thirteen
years.
Mr. CrlftcntOn born In Oswogo County, n. Y.
and Is now about fifty rine years old. ! think no
raised his boyilJ0d on farm and came % this city
soon after reaching his majority. lie worked ut one
bu Iness UT another for several years. and In 1856!
began In a small way. nj No. 3s Sixthave. ms
iobber In proprietary medicines. As he told me. he
Started business on the rather limited capital Of $25.
Mr.. Delano. his brother-inaw. has held q sweeping
rover Of attorney for twenty years. and the most Of
his time Mr. Critenton has devoted himself 20 helping
EpIscopnl Church Of the Holy Trinity"
In answer TO other questions Mr.. Wells added that
the new compnny's stock conh not be purchased for
"A share.