Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1892-02-01
|ROE MILLIONS ARE MADE.
Wat Perseverance, and Pluck Can lie
eamplish.
Inspection Of the American Branch Of
the Largest and Most Prosperous Bus.
iness of its Kind in the World.
Special Correspondence OF the New York
Press

Especial Correspondence OF the New York
Press
ROCHESTER, N. T., Jan. 90 "A visit To
Rochester % considered incom 9lete uDlsss
/. ine'adss, among tie various sights of
this thriving ely, an Inspection Of the
msmmolh els h -itory f,ep,oot building
~heh co.. tsins TIRE largest ins'i.utio, OF It's
h nd IN the weird. As | ~ss determined
il po.,ieis, 20 zee all OF Interest in this
ci.s, Yesterday called s, the off e Of this
stes! company, presented my card and vas
room in Tie presence Of q mau whose nsue
is perhaps better known the world over
than inst OF any other American. That
MAJ is The Hon. Il Il. Warner.
1t IL, perhaps. 8 delicate matter TO ask Of
any gentleman an inspection of his prem
ises and business, esps cslly Shsp thsy arr
% mammoth rs this. but found Mr.. Vs.
rer 8 most GENIAL gentleman, and h rssu
was gbst he personally consented to sceou-
psny Me through the inssiIu ion. Il VAS
oeAilderiug At first, so many Departments,
80 many men, so many girls, snd all work
irg Sc fast IS possible, while ne chanicsl
inventions and eoatrivances of all SORTS re-
pisced manual labor wherever possible.
A. we passed rapidly on from one depart
Hleut TO smother iha chief thing that struck
me was The exceeding cleanliness Of each
sid every eparsmeni-c'esniiness where
the great vessels hold the medicine in course
of Teps-stion; cleaHllnes, where it is
thrown # ard bottled by An su omasic fill
er, that GUS Of the supply when the bottle
10 full; cleanliness where the bottles are
coiked soi lab sila'; elesnlinsss where
they are b. 1td, xod ii is!iy where the boxes
tske cleaa jump down the spi,sl chute
which rGas from she packing room sbovr
s,sits to the freight department on the
ground floor.
oar yeast" said Mr.. Warner, "goes (,
the consumer untouched and unhsndled."
Can attest 10 the ruth of this statement,
having watched the journey Of the yeast
from the great VAS down TO the rolling and
cutting process, thea on 10 the drying and
p1ckif e. snd ksow that no hsnd touched il
t. suliy or 60 its snowy whitene.s.
"ouc yeast business" said M. Warner,
''is hut six years old vet, SO successful has
it been that We already control the yeast
trade of the counsry. We are now making
arrangements to place on ihi ms'ket,
Warper's Safe Bskiug Powder We have
been experimenting in this ne for several
this country ard abroad, especially Ger,
msuy, and have succeeded in perfecsing
baking powder which is as far in advance
Of the powiers row upon the market as
our Safe r. medirs' are above The vile int
,stious and substitutes which are Of red 10
their stead
but isn't the present demsnd for baking
powder pretty well suppliea?'
Ciue, there sre many baking powders,
come good, others bad; but,he truth il, the
public will always buy q superior and
meri,orous article. They want and will
have tine istest Improvements and discov-
eries ia BAKING powders. 80 in all Other
llres, aud We are preparing to give 1t
20 Them. We have produced sci9n iic
preparation, a new discovery in baking
20 sdsr, ~h ch will sell on its meIits."
This. will soon prove an additional
source Of revenue to your COMPANY
Yes; the baking powder business is very
profitable. Ole company in this country,
am told makes pref: Of million dollars
yPsr
"rhis bust 1ess is now an English corpo-
ration. is il not, Mr.. Warner"
"Yes; ii WAS capitalized in London two
yesrs ago last fall for SO 395 900 "
Was the result ~ the capitalization an
ncresss in the vuiume Of business and
co-res pondiog iuce s-e in profit"
- The success OF the business since its
cspittliz .',on has bssn enormous. The
frs. years trading. sfGer providing for the
& PER cent. On the debentures, resulted in q
return to the shareholders of q dividend Of
8 per cent. on the preferred stock and
II / par cent. en- the common stock,
hs'ides placing to reserve S2lS $50 and
carfyiog frss,d o next year. seeount
s62 4i9 For tire f, cold year per cent
Wa paid on the dsteniures, ard dividends
Of S per cent on the preferred stock Ard
IL I-2 per cen. on the coUmon stock,
be sides the canceilsii1n of S30G 900 of
debentures and the carry ing forward to mex
year f 100000 as divided profi. Had
the directors rot lhoUgh; i; wise TO cancel
this lsrgs rumber If d. henlures dividend
of S35 l-2 per cent e;uid have been paid
On the common stock besides carrying fol-
ward SloO 900 IS undivided pr, fl ~
This is remarkable showing. A sum
navigation of the figures YOU have just
given ma shows that the prof g Of the hu.i-
ness during the past two years have been
sufFic ,ent to enable the dir5ctors tn pay back
to the Shareholders S75G eco, besides pay =
I1g interess on debenturts amounting 10
over S6s 600, retire ard cancel over $500 =
900 CT these deheniures and place TO reserve
fund of over 800, 900, Mr.. Warner, these
q Eurss are simply staggering
Yet they sre al true, according to the
statement Of the chartered acc unysnts and
your own computations. They simply
go 10 show tie enormous popularity, both
a. home and abroad, Of our preparations"
And is the ssls incressiug?"
.'Corstantlv. The aggregate for the five
yesrp eBdi7g July 81, 1890. was ID s07 l56
cot'lss, givi' g an average yearly sale of ?
7GI ,43l bosil- =. wbiie.the sale FOR the past
year. ding July 81, 1891, segregated 3 =
$50, ia bottles. or over 30 per cent"
Tine business at present seems to be in
| q most prosperous condition, but what lie
the outlook for She future?"
Better than the past has been. Our
bushes, all over the ~o,lii is constantly i'm
proving This is especially go in Europe,
where the branches show stes3y increase
| in pYnhr and reduction in working eI-