Los Angeles herald., 1892-04-17
BETTER THAN BANKS.
THE LEADING AMERICAN INDUS
TRIAL DECLARES ANOTHER
DIVIDEND.
An Unusual Opportunity for wide-awake
Investors to Secure Shares in a Com
pany whose Stability and Earning
Power Are Unequalled.

cent on the preieIIeu anu per cent on
the common stock, dividend checks will
be mailed to the American shareholders
on April 5th by the Central Trust COM
pany of 81 Wall street.
In November last this company de-
clared a dividend of per cent on the
preferred and 10 per cent on the com.
mon stock. The end of their fiscal year
will be July 3lst. In order to secure
for our readers some idea of the amount
of dividend that will then be declared,
our reporter called upon Mr.. Warner,
at so Broadway, as also to ascertain
anything further in regard to the recent
report that H. H. Warner & Co. were
about to double their common stock.
In reply to the scribe's question, Mr..
Warner said:
"The dividend which the company
has lust declared is merely an interim
one. Such dividend is liable to be
declared at any time. The company
has very large reserve, and suppose
the board of directors are desirous of
getting rid of some of the company's
accumulations. They, therefore, de-
clared this dividend, regardless of the
one to be declared at the expiration of
our fiscal year"
swell, Mr.. Warner, what do you
estimate will be the amount of dividend
the company will pay at the close of the
present fiscal year?"
81 cannot give any exact figures, but,
as near as | can approximate, the COM
pany will have about 100000 to dis.
tribute at the end of this fiscal year, in
addition to the amount that will have
been previously distributed in the
course of the year, and [ have every
reason to believe that the next divi.
dend will be at the rate of, at least, 80
per cent on the common shares. In
fact after paying the regular dividend
of / per cent on the preferred stock, /
believe that the company will be able
to pay, if they choose, at the rate of 40
per cent on the common stock but the
compan7 may conclude that it is wise to
pay but, say, at the rate of 80 per cent
dividend on the common stock end use
large amount of their surplus to can
eel the rmainipg debenture bonds,
which now amount to less than $426,
600. over $3Q0,0J0 of these debentures
having been cancelled last year, besides
payin III, per cent on the common
stock. You will see by these figures
that the company will make even
better showing this year than ever be-
fore"
$50, Mr.. Warner, the prediction that
was made by you few days ago to the
effect that you believed the company
would shortly double its common shares
is likely to come true sooner than you
anticipated"
"No, cannot say that. do believe,
{hCnph tho+ tho noyNifol cfnat nj tho
common shares will be doubled during
the next fiscal year, commencing August
1st. l cannot well see what is to become
OF our surplus. unless we pay extraordi
narily large dividends-which l do mo-
think wise-or double the common stocl
OF The company. You see, our business
is growing better continually, and oul
common shares only amount to 81, 700,
600. There ia bright possibility of be
ing able to make half as much al
that in the future from the Bak
ing Powder alone, which we are
now putting upon the market in
addition to our present business, which
would permit our paying over 30 pei
cent dividends on the common stock
These facts, figured in connection with
the regular profit which has for years
OCCh oCllNCN liOlL w diHCi . CdlO Sulc
and Warmers Safe Yeast, almost war.
rant the belief that we will earn prof!
of over 81 900, 900 per year. If so this
vast sum would all 60 to the common
shareholders, after paying the compare
lively small dividend of s per ct Mt on
the preferred etock and the interest on
the remaining debentures if not can
celled. With the business continually
improving and its record since being
capitalized into company of a net
profit from Warmers Safe Remedies,
alone, of over a million dollars in two
years. my prophecy becomes almost a
reality"
care you still selling your shares, Mr..
Warner?"
''I shall cell few more shares to oul
patrons, at the rate of $75 apiece for the
common and $50 apiece for the pre-.
ferred, the par value of these shares be-
ing el0, or about $50 EACH"
''Are you willing to continue to sell
your shares at this price, the purchaser
to have the dividend which has just
been declared of per cent ON the com.
mon and 4 per cent on the preferred ?''
"Yes, shall sell few more shares
up to the time the dividend is actually
paid, at the prices | have just given
you, the purchasers to have the divi.
dend. After the dividend shall haye
been paid I do not expect to sell many
more shares, but if I am satisfied l can
benefit the business by using this means
of advertising it, l shall sell few, but
at an advanced price"
lis there anything further you wish
to say about the busness?"
"No; there is nothing further to say,
and, in fact, do not care to say any
thing. I am willing that the business
should speak for itself. l claim that ii
has a dividend paying record for the
past twelve years that very few, if any,
businesses can excel. When the revenue
sure to result from Warmers Safe Bak.
ing Powder is added to that already
derived from Warner's Safe Cure and
Warmers Safe Yeast, do not see what
there is to prevent it from being one OF
the largest dividend-payers Of any leaiti-
mate business in this or any other
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