The Providence news. (Providence [R.I.]) 1891-1906, 1892-01-13
Roth classes Of stock are listed nt the
New York Stock Exchange.
DIR ECTORS;
PROSPECTUS,

The business OF the UNITED STATES BOOK
COMPANY is the manufacture. publishing, and
sale Of books. II has acquired by purchase the en-
tire business stock in trade. goodwill, trade marks.
copyrights, man uscripts SC, of the John W. Lowell
Company. including In that purchase an enormous
publishing plant consisting of stereotype and electro
type plates TO the number OF more than 100000.
Its stock of books consists OF more than 3,OoOOoO
volumes OF the value at cost OF manufacture OF
more than 81, ,000, 900.
The Company thus controls n great number OF I'M
portant publications heretofore produced by the fol-
lowing wel-known publishing houses. from whom
and others these plates were acquired;
q. w. Dillingham;, y. Y. Belford. Clarke & Co,
Empire Pu6 & GO, r. w Dop9hue os9s1 4 Henne6erry'
), $40 s. osyis, \ y Hubbard Bros. phile,
fr%a a. Munsey Co.. r LPPRpees, CO Go golt6n PS"
National Pub. Co, y, Y. Estes a. Lauriat, Boston.
Pollard & Moss y, Y. DE Wolfe Fiske 4 Co.,
Boston.
From the plates owned by this Company are print
ed more than three thousand different volumes, em-
braclng among Others such standard works as those
of Dickens. Thackeray Walter Scott Carlyle, Coop
err Irving, George Eliot. &c.. &c. More than twelve
million copies OF the books printed from the plates
controlled by this Company were sold during
1889. the year preceding the present organization
The UNITED STATES BOOK COM
PANX virtually controls within the L tnited
states the publication Of most OF the popu-
lar standard works. business i'm which
the ordinary profits are very large. This
profit will be greatly increased by the
freedom from competition and the ccono-
mics Of management which are scared by
the concentration oft various interests
into one company.
In addition TO the very large aud prohta-
BILE business above referred 10, this Conn
pany hns contracted with over seventy OF
The leading English authors, whereby it
acquires the exclusive right of publication
aud sale Of the works of these foreign au-
tbors in this country during the term Of
their copyright. which ts Tor twenty
eight years, with renewal In certain eases
for fourteen years. Under the new copy
right law OF the United states nll foreign
works must be printed here TO obtuiD copy
right.
Included In the assets OF the Company stereo-
type and electrotypc plates, as above noted which
have been appraised as of market value OF
S3,0OO,0OO by competent experts. who state that
they give this valuation based upon tne condition
and character Of the plates and our knowledge OF the
magnitude OF the business carried ON by the
UNITED STATES BOOK COMPANY"
The Companys charter gives IL authority to Issue
bonds and To execute mortgages To secure such
bonds. Under this power the Company has issued
1000, ZOO twenty-year per cent. bonds. The
plates whose appraised value, as shown above Is
three times the touai bonded debt, included in
the property covered by the mortgage. copy OF
the mortgage. with list 81 the lates. may Dc in
spectel at the Office Of MessTs. JOHN ii. DAVIS
a co.
the mortgage provides for nn annual sink
ing fund payment. beginning January,
1895, TO be applied Ia the retirement OF
the bonds through their purchase In the
market NJ not exceeding ST. ioO per pond.
The Company's principal establishment embraces
Nos 1ls. 1i4 1i6, las. and 100 Worth st, New York
city, with auxiliary establishments in Nandewater
st. and wayerey Place.