The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-03-03
HOW TO MAKE MONEY,
WHAT THE LEADING AMBRI-
GAN INDUSTRIAL H AS DONE.
a Hint Which May Prove a Rare
Opportunity for Investors.
lN. Y. comm ercial AdrerLilerN

Co., one of the most prominent
Industrial Institutions of America,
and which has been capitalized i'm
London, was about to double its com
mon stock. The standing and inn
portance of this Company in the
financial world quite naturally caused
this rumor to become the subject OF
mush co versatiou and comment !
The phenomenal success this Com |
pany has attained, and the large |
dividends it has paid naturally made |
the rumor important and Justified an
Investigation. Therefore representa- |
tive of this paper called at the Ne" |
York office of the Company, 0 Broad
way, in order to ascertain the falsity |
or verify the truth of the rumor.
Mr.. Warner, the p esident of the |
company, is genial gentleman,
heaming with kindness and good
nature, but he became quite uncom-
municative when approached by the
writer.
"NIr Warner, it is reported that II.
II. Warner & Co. is about to double Its
common stock. Is thi- true"
"Who told you that?' asked the
gentleman in surprise.
ut is a current fumOr' Are YOU
prepared to deny IL ?"
MIR. Warner thought carefully Tor
few moments and then said;
Frankly, think such VIII oe Tue
case. The fact is, the business was
,anitalIzed at far TOO low figure orig |
inalIy: as its earnings and dividend
clearly show. Both earnings ana
dividends Justify three times the
present amount Of its common stock.
/ was SO convinced of this when Ill
was originally capitalized that l pur-
chased in the open market on Jhe
London Stock Exchange large pro
portion of the common STOCK myself
at 80 per cent. above its par value,
well knowing it was the best invest
ment l could make. Subsequent
events have verified my belief"
"Msy 1 ask what the earnings nave
been?n -,
"Certainly. 1t is no secret. The
first wear per cent. was pald upon
the debeuture bonds, s per cent. upon
the preferred and l74 per cent. upon
the common stock, while $3.50, ,668 wa
carried to reserve fund. FOR the sec
md year per cent, wDs paid upon the
deBenture bonds 8 per cent upon the
preferred and l74 per cent. upon Che
common Elltkt W 4iiit Tp'StytN - 49,
debendure bonds were cancelled ana
800 600 was carried to reserve fund.
In round figures the company has
earned during the rast two years over
81 600 600. The earnings in the Unltel
States alone for the seven years prior
to its Capitalization was about S3,O-o
zoo. Thus you see the business since
its capitalization has largely increased
in enruing caparity."
"That IS certainly most wondieriu
showing. Have you any IDEA IhaI 1t
will continue ?"
UI believe it viii double. While the
Safe Cure is the most popular remedy
i'm America, Australia, England and
Germany to-day, il has never been IN
tIoduced into France and Belgium
where we are about putting it on th'
market. Not only that, but we ar
now manufacturing baking powdSr
which, as you are aware, Is one OF lh'
most profitable Of businesses one con
cern in this country having made al
annual profit of a million dollars 10
several Years These facts lead me U
believe that the earnings of the Com
many can easily be doubled" "
"How many common shares ar
THEREOF o
"Thirty five thousand Of elo eacl
which amounts in our money to
trifle less than S 100000"
"Nin every holder Of the stoc
receive double the amount OF his stoc
i'm the event that this change
effected ?''
"Most certainly. That viii he
necessity. Quite naturally, the pre-
ent holders are pleased at this prospec
and are holding on to the sloc
tenaciousIy. I, however, am such
believer in the fact that the Ia KIN
public is the best advertising mellul
rs to .be willing to allow limitt
number of my shares to be secured b
the right parties"
''FOr what purpose?'
"FOr the purpose OF securing Whi
we call free advertising. Every Ol
holding a few shares Of this stock wi
Jealous advocate of the merits
tbe business in which his money
invested. | would not under an
circumstances part with more than tt
Der cent Of my holdings whlt
amount to some $2,0O0,0O0, and on
then to those who are my patrons.
would not consent to sell more thu
twenty shares of the common or Il
shares each Of common and prelerr
stock TO any one individual. Il
rate for these shares is $40 for {
common and $50 for the PREFER
stock, their par value being $50 each
"And how may they be obtained
"By applying to the Central TrI
Company, No 54 Wall street, M
York; III. ii. Warner " Co, kochest
N. Y. or to nay New York City otii
No. SO Broadway. Ten per cent.
the purchase price must accompa
the application, when the stock "
be issued by the Central Trust 20
pany and delivered when the balar
j. paid"
GAnd how abOutaccrued dividend
"Ihe buyers OF these shares part
nate in the proitsof the business fr
the 8lst day of July last and they v
also participate IN the doubling of
common stock of the company, in C
that is decided upon"
There can be little doubt that