Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-02-02
REGISTRAR OF STOCK.
FRANKLIN TRUST COMPANY.
DEPOSITORIES.
FRANKLIN TRUST COMPANY,
NATIONAL CITY BANK.

The firm Of Messrs, JoURNEAY q BURyHAM OF
Brooklyn, Importers and Dealers in Dry Goods,
was established in January, 1874, by Mr.. Henry P
Journeay and Mr.. Lyman s. Burnham. In the
following year Mr.. Hugh Boyd became partner
and the firm remained unchanged until the death
of Mr.. Journeay a year ago necessitated reor-
ganizaton, and its conversion into a corporation
was accomplished.
The reputation of the firm for honorable dealing
and for the high class of goods which 1t handles,
has always been recognized and its credit and that
OF the Company succeeding 1t, is the highest ac-
corded by the Commercial Agencies of the country.
1t has over 50, 600 patrons not only in Brooklyn,
but throughout the New England States New
York. New Jersey, Pennsylvania and Maryland
and extending as far South Texas, and as far
West as Iowa.
Its career has been one of continued prosperity
the SALES FOR UPw ARDS OF FORTY YEARS
PAST HAVING AMOUNTED TO OVER 81, 25o
900 PER ASNUM. For the three months ending
December 81. 1S91-the first complete quarter of
the Corporation-its gross business amounted to
ss6 965 II, being 1 943 4S greater than the busi-
ness of the firm during the period in the pre-
cedfng year The net pronts for the quarter were
s3!, III IS. being at the annual rate of PER CENT
UPON THE PREFERRED STOCK, Il PER CENT
UPON THE COMMON STOCK, and a surplus
equal to 11-1oo per cent upon both, making in all
13 11-100 PER CENT UPON THE EPREFERRED
STOCK AND II 1l-10o PER CENT UPON THE
COMMON STOCK. 1t Is however, expected that
the business will show much greater increase
after March 1st upon which. date the Com
pany will remove from its present limited
and inconveniently located premises on Atlantic
Avenue to its new and commodiOus building
nearly completed at the junction of Fulton Street
and Flatbush Avenue. This site selected after
due consideration, and 1t is believed to be the
advantageous location in the City of Brooklyn for
a dry goods business. 1t is reached by seven DIFF
ferent lines of street cars is opposite the station of
both Elevated Railroads and within two blocks of
the Long Island Railroad station, whereas the
present location is reached by but two lines Of
street cars. The removal is in response to popu-
lar demand, and universal assurances of approval
have been received of the contemplated change.
The Company is managed. under the control Of
its Board of Directors, by the surviving members
of the late firm, aided by its well known. reliable
and experienced staff of employees. Messrs. Lyman
s. Burnham and Hugh Boyd, and Mr.. John NJ.
Conklin, for many years associated with the late
firm. have entered into agreement with the
Company remain in its service until July lst 1906
and for such longer period as their services may be
required.
The stock now offered is the balance of that Is
sued by the Company to acquire the interest of the
deceased partner. The eight per cent. stock which
offered in July last was largely over-sub-
scribed. and allotted pro rata among nearly
six hundred applicants. 1t is now quoted LOG ex-
dividend bid, with no stock offered.
CONDITIONS OF SUBSCRIPTION.
Ten per cent. upon application, balance within
ten days after allotment. The right is reserved,
should the applications exceed the amount offered,
to alot less amount than that subscribed for.
Preference in allotment will be given SO far as |.
practicable to the customers of the house.
Prospectus and form of appli-
cation can be obtained from the
undersigned. and applications
may be made to them direct or
through local banks.
HAMILTON TRUST COMPANY,
1871 Montague St., Brooklyn,
CHASE NATIONAL BANK,
Is Nassau Street, New York.
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