New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-10-17
VENDORS STATEMENT.

The above twcnty.thrce companies and firms (therc
being companies engaged ia the busness)
manufacture and sell SIS per cent. Of the enre
output OF type In the United States. The largest Of
these companies existence. and has lis led
gc-s complete. 1906. and nearly all have been long
established and uniformly prosperous.
high class Of skilled Inbor IL necessary produce
the plant and IL would require the combined labor of
nl the available talent in Europe and America for
to duplicate Of the larger plants rep.
resented in this Company.
Tariff changes cannot affect the business unfavoraby,
large and increasing export business is being
dono with Europe and South America. The superiority
OF American type has been acknowledged in q very
practical way in the English market.
All books and accounts have been examined by
Mcsss. Hart Brothers, Ibbcts Il Co.. chartered Ac.
couatlnts of New.York and London who report the
net profits last three years be
$3.50, 400, the lowest for any year being
S6O7, 40J.
The expenses during the last three years have been
excessive. The cutting prices has been great and
commissions to middle much la ger than usual.
Tho printing tadc generally has received bencnt
from thl, and many have expressed themselves in
favor Of the consolidation.
1t will be seen. however from the above statement
that spite drawbacks the average earning,
have been more than double the amount required for
dividends on the Preferred Stock.
1t will be readily believed that the bringing together
many and large interests required the constant
effort Of many months.
The capitalization Is believed to be conservative
that OF any enterprise which has been offered to the
public The character and stability Of the business the
amount OF assets the actual profits In the past and
probable profits under management are grounds
OF this belief
The consolidated company will retain oil the skilled
labor employed. Concentration OF business will save
expenses and OF large number OF duplicate branch
Offices Commissions to mlddemen will be practically
done away with.
Specimen books have been issued by each foundry OF
frequent intervals costing foundry 100000
for single issue very large saving will be made
here.
Every new design produced Involves large outlay.
A. present founder cndeavors to keep race with the
other, thus duplicating plant at great expense. Tho
Advantages Of the new company in thi, respect are
evident.
4 carefully considered statement nnde the sig
of number of the leading founders, giving the
figure. en- which their estimates based. confidently
predict. net earnings least 200 900 per
Their large cnsh subscriptions tho Common stock in
addition thc coming 10 them M part Of the
purchase price OF their pinn:s the practical Indorsc.
mcnt Of their statement.
The inventory of the
property acquired
shows, i'm cash, mer.
chandise, bills re-
ceivable, and ac-
counts. (guaranteed) 81, 100000
Machinery, tools, sc. Boobies
Total assets. lex.
elusive of good
will SO,llO,lSo
Arrangements have been made by which sufficient
number Of psen: managers viii in charge Of the
business those who retire under contract not to
engage directly or Indirectly q competing business.
Application have the securities listed
mon the Ncw- y DIRK stock Exchange.
TIE RIGHT IS RESERVED TO REJECT OR RE.
DICE ANY APPLICATION, TO ALLOr IN FULL AD.
VANCE SUBSCRIPTIONS AND TO CLOSE THE
SUBSCRIPTION BOOKS WITHOUT NOTICE.
SUBSCRIPTIONS WILL CLOSE on OR BEFORE
THURSDAY. OCT. 20, AT 3r. VI.