The Providence news. (Providence [R.I.]) 1891-1906, 1892-01-08
PROSPECTTs,

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. good w trade marks
copyrights manuscripts, sc, Of the John w. Lowell
Company, including In that purchase enormous
publishing plant consisting OF stereotype and electro
type plates TO the number OF more than 100000.
It's stock of books consists OF more than 100000
volumes. of the value at cost Of manufacture OF
more than ", 900 900.
The Company thus controls a great number of i'm =
portant publications heretofore produced by the fol-
lowing well-known publishing houses from whom
and others these plates were acquired;
w L. Allison " Y Worth ngton Co.. - Y.
A%Sp BGqE Go aeIio1a aIts Atssny n co.
FmPire p PUB : CO.. o., u Y, Dopoiue & Hcnueberry
J. s ogiiyie. y Y. 80 Hubbard Bros. Phna.
Norman l.. Munro. y. Y. Keystone Pub. Co., Phlla.
Frank \. Munsey 4 Co., j. u, LPpincott CO, Phlia.
National Pub. Co, y. Estes a Lalriat Boston.
Pollard Moss, y, Y. DE Wolfe, Fiskc 4 Co.
Boston.
From the plates owned 10y this Company are print
ell more than three thousand different volumes, en-
braclDg among others such standard works as those
OF Dickens. Thackeray Walter Scott. Carlyle Coon
er, Irving, George Eliot. &C, &c. More than twelve
million copies Of the books printed from the plates
now controlled by this Company were sold during
1889 the year preceding the present organization
The UNITED STATES BOOK COM
~
states the publication OF most of the popu-
lar standard works. "a business in which
the ordinary profits are very large. This
proGt will be greatly Increased by the
freedom from competition aud the ccono-
mie. Of management which are secured by
the concentration ofthe various ibte rests
into one company.
In addition 10 the very large and proiita-
Bile business above referred tn. ibis Com
pany has contractet with over sevcnty Of
The leading English authors. whereby il
acquires The exclusive right of publication
and sale of the works of these foreign au-
thors i'm this country during the term OF
their COPYRIGHT. which H. for twenty
eight years. with renewal in certain se-
lar fourteen years. Under the new capy-
right law Of thc United states all foreign
wOrk X = must be pr inI ed here Ia ODtu Ia copy
riUht.
Included in the assets of the Company are steroo-
type and electrotype plates, a. above noted which
have been appraised as OF n market value OF
&3, 900, 900 by competent tXperts who state that
they give this Valuation "has,d upon tle Condti, n
and character of plates and our knowledge OF the
magnitude OF the business carried on by the
UNITED STATES BOOK COMPANY"
The Company's charter gives IL authority TO ssiic
bonds and to execute mortgages to secure such
bonds Under this power the Company has issued
900. 600 twenty-yenr per cent. bonds The
plates WnoSe appraised value, as shown above, Is
three times the total bonded Geht. Included in
the property covered by the mortgage. \ copy OF
tho mortgage. with list of the latcs may De- In
sleciel az the ofiice OF Mcssrs JOHN II. DAVIS
a co
the mortgage provides for an annual sink
ing fund payment. beginning January.
S9J, Ia be applied s0 the retirement at
the bonds through their purchase In the
market at not exceeding ~t.1JU per b0ud.
The Company's principal establishment embraces
Nos 142 IA, 14O, iis and 1JD Worth st, New York
City, with auxiliary establishments IN Nandowater
st. and Wayerlcy Place