New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-15
VENDORS STATEMENT.

nhe above twenty.thrce companic, and firms there
being but four other companies engaged the business
manufacture and sell about per the entire
output Of type in the United States. The largest Of
these companies has been in existence ard ha, it, led
gers complete. since 1896. and nearly all have been long
established and uniformly prosperous.
high class Of skilled labor IL necessary produce
the plant aud il would require the combined labor OF
all the available talent in Europe and America for
many years duplicate one of the lnrger plants rep.
resented in this COmpnmy.
Tariff changes affect the business unfayorably
as large and Increasing export business is being
done with Europe and South America. The superiority
Of American typo has been acknowledged in a very
practical way in the English market.
All the books and accounts have been examined by
Mcssrs. Har5 Bothcrs Tbbets & Co., chartered Ac.
countlnt, Of New-Yofk and London. who report the
average annual profit, the Ia, three year, be
1859, 1876, the lowest Tor any one year being
$500, i95.
The expenses during the last three years have been
excessive. The cutting piico, hps been great, and
commissions to middle men much larger than usual
The printing trade generally has received no benefit
favor u the consolidation.
IL will be seen. however, from the above statement
that spite Of those drawbacks, the avcagc earnings
have been thin double the amount required for
dividends the Preferred stock
1t viii BE- readily believed that the bringing together
ot many and has required the constant
effort Of many months.
The capitalization f, believed be conservative a,
that Of any enterprise which ha, been offered to the
public The character and stability Of the business the
amount Of aNscts. the profits the past, and the
probable profits under management are the ground,
u thi, belief.
The consolidated company will retain oil the skilled
labor employed Concentration business will save
expense, and Of a number duplicate branch
Offices. Commissions to mldllcmcn viii be practically
done away with.
Specimen books have been issued by each foundry an
frequent intervals. costing one foundry oyer $4,000
for a single issue. very large saving Will be made
here.
Every now design produced involves orge outlay
present each founder endeavor, keep pace with the
other. thus Duplicating plan; at great expense. Tho
advantages 0, the company IN TIN, respect are
evident.
carefully considered statement made the sig.
of II number OF the leading founders the
figures which their estimates based confidently
predicts earnings of NJ least BOA. 900
Their large cash subscription, the Common stool. in
addition to the amount coming 10 them part OF the
mcnr of their statement.
The inventory of the
property acquired
shows, in cash, mer-
chandisc, bills re-
ccivable, and ac-
counts. guaranteed -, 100000
Machinery, tools, &c. 3,6jj,12S
Total assets, (cX-
elusive of good
Will So, 1912
Arrangement, have been made by which sufficient
number Of present r. will remain IN charge Of the
business, those vino rctr, doing under contract to
cnearc directly or indirectly In competing business,
Application will he made have The securities listed
upon he New orl. stool. Exchange.
THE RIGHT Is RESERVED TO Reject or RE.
pvcE ANY APPLICATION. TO ALLor IN FULL AD-
VANCE SUBSCRIPTIONS. AND 10 CLOSE the
Nt-rN,prl,rrnN
SUBSCRIPTIONS WILL CLOSE On OI: BEFORE
THURSDAY. OCT. 20 At 3 =. W.