The National tribune. [volume] (Washington, D.C.) 1877-1917, 1892-03-31
BETTER THAN BANKS.
The Leading American Indus
trial Declares Another
Dividend.
An Unusual Opportunity for Widc-awake Investors
10 Secure Shares in a Company Whose Stability
and Earning Power Are Unequallcd.


10 Secure Shares in Company Whose Stability
and Earning Power Are Unequallcd.
H. II. Warner & Co. Limited, having de-
clared interim dividend of per cent. on
the preferred and per cent on the common
stock dividend checks will be mailed to tho
American shareholders on April by the Cen
trail Trust Company, of "a Wall street.
In November last this Company declared
dividend of per cent. on the preferred and 10
per cent on tho common stock. The end Of their
fiscal year will be July 81. In order to secure
for our readers some idea of the amount OF
dividend that will then be declared, our re-
porter called upon Mr.. Warner, at 90 Broadway,
as also to ascertain anything further in regard
to the recent report that II. II. Warner IL Co.
wcro about to double their common stock. In
reply to the scribes question: Mr.. Warner said:
The dividend which the Company has just
declared is merely an interim one. Such a
dividend is liable to be declared at any time.
The company has very large reserve, and
suppose the Board of Directors are DESTROYS OF
getting rid of some of the Companys accumu-
lations. They, therefore, declared this divi-
dend, regardless Of the one to BIO declared at
the expiration of our fiscal year"
DWELL. Mr.. Warner, what do you estimate
will be the amount OF dividend the Company
will pay at the close of the present fiscal yearW
al cannot give any exact figures, but, as near
as can approximate. the Company will have
above 100000 to distribute 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 dividend 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 company may conclude that it IS wise
to pay but say, at the rate OF 80 per cent. dIvl-
dend on the common stock, and use large
amount of their surplus to cancel the remain
ing debenture bonds which now amount to
less than Si25 900, over 100000 of these deben-
lures having been cancelled last year, besides
paying III per cent. on the common stock. You
will see by these figures that the Company will
make even n better showing this year than
ever before"
$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, though,
that the capital stock of the common shares
will be doubled during the next fiscal year,
commencing August /. j cannot well see what
is to become of our surplus unless we pay cx-
traordinarily large divideHds-which | do not
think wise-or double the common stock of the
better continually, and our common shares
only amount to 100000. There is a bright
possibility of being able to make half as much
as that in the future from the Baking Powder
alone, which we are now putting upon the mar
ket in addition to our present business, which
would permit our paying over 80 per cent. div
v!dends OH the common stock. These facts, hG-
ured in connection with the regular profit
which has for years been derived from War
ner's Safe Cure and Warmers Safe Yeast, al
most warrant tho belief that we will earn a net
profit Of over 81, 100000 per year. If so this
vast sum would all go to the common share
holders, after paying the comparatively small
dividend of per cent. on the preferred stock
and the interest on the remaining debentures il
not cancelled. With the business continually
improving and its record since being capital
lied into company, of net profit from War
ner's Safe Remedies alone of over million
dollars in two years, my prophecy becomes
almost reality"
Are you still selling your shares. Mr.. War
ner?"
az shall sell few more shares to our patrons,
at the rate of SIS apiece for the common and
$50 apiece for the preferred, the par value of
the shares being f10, or about $50 each"
"Are you willing to continue to sell your
shares at this price, the purchasers to have the
dividend which has just been declared Of 5 per
cent. on the common and per cent. ON the
preierred!"
Eyes, shall sell few moro shares up to
the time the dividend is actually paid. at the
prices l have just given you, the purchasers to
have the dividend. After the dividend shall
have been paid do not expect to sell many
moro shares. but if am satisfied can benefit
the business by using this means of adverts-
ing it, l shall sell few, but at an advanced
price"
is 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 anything. / am will
ing that the business should speak for itself.
/ claim that it has 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 Baking Powder is
added to that already derived from Warmers
Safe Cure and Warmers Safe Yeast, do not
see what there is to prevent it from being ono
of the largest dividend payers OF any legitimate
business in this or any other country"