The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1892-01-08
PROSPECTUS

cprIuSHSlu, MASS.
PROSPECTUS:
The business OF the UNITED STATES
BOOK COMPANY is the manufacture, pub
lishing and sale of books. 1t has acquired by
purchase the entire business, stock in trade
goodwill trade marks, copyrights, manuscripts,
&C., of the John w. Lowell Company, including
in that purchase an enormous publishing plant
consisting of stereotype and electrotype plates
to the number of more than 1 ,25O,OOO. Its stock
of books consists of more than 1000 900
volumes, of the value at cost of manufacture of
more than 81, 100000.
The Company thus controls great number of
important publications heretofore produced by
the following well-known publishing houses
from whom and others these plates were ac-
qllired:
w. L. Allison, n. Y. LIB. Lyon, Albany, NY
Alden Book Co., N. n. Bedford, Clarke u Co.,
U. W. Dillingham;, NY. Chicago.
podd, Mead & Co., NY. Donohoe &Henneberry
Empire Pub. Co.. n. Y. Chicago.
FRANK /. Lowell & Co., Hubbard Bros Phila.
New York. Keystone Pub. Co..
]. S. Ogilvie, N. Y. Philadelphia
Norman l.. Munro N.Y.lJ. b. Lppncott Co..
Frank A. Mmsey & Co., Philadelphia.
New York. Aldine Pub. Co, Boston
National Pub Co., N. Y. Estes & Lauriat, Boston
Pollard & Moss, n. Y. De Wolfe, Fiske s. Co.,
Worthington Co., n. Y. Boston.
From the plates owned by this company are
printed more than three thousand different
volumes, embracing, among others, such stand
ard works as those Of Dickens, Thackeray,
Walter Scott, Carlyle, Cooper, Irving, George
Eliot, &c., &c. More than twelve million copies
OF the books printed from the plates now con-
trolled by this Company were sold during 1885,
thn df,,c, fl,a
The UNITED STATES BOOK COMPANY
virtually controls within the United States
the publication of most of the popular
standard works, business in which the
ordinary profits are very large. This profit
Will be greatly increased by the freedom
from competition and the economies of
management which are secured by the CON
centration of the various interests into one
company.
In addition to the very large and profit
able business above referred to, this Com
pany has contracted with over seventy of
the Leading English authors, whereby it
acquires the exclusive right of publication
and sale of the works of these foreign
authors In this country during the term of
their copyright, which is for twenty EIGHT
years, with renewal i'm certain cases for
fourteen years. Under the new copyright
law of the United States all foreign works
must be printed here to obtain copyright.
included IN the assets of the Company are
noted, which have been appraised as of mar
ket value OF So 900 900 by competent experts
who state thatthey give this valuation biased
upon the condltlon and character OF the plates
and our knowledge OF the magnitude of the bust
BOOK COMPANY
The. Company's charter givesit authority to
issue bonds and to execute mortgages to secure
such bonds. Under this powder the Company
mas issued 81 100000 twenty-years per cent
ponds. Inc plates whose appraised value, as
three fhQ dad
ueDt, are included In the property covered by
the mortgage. A copy of the mortgage, with a
llst OF the plates, may be inspected at the Office
OF MessrS. JOHN Ii. DAVIS q co.
As further security to the bondhoIders,
the mortgage provides for an annual sink
ing fund payment, beginning january,
1895, to be applied to the retirement of the
bonds through their purchase in the mar
ket at not exceeding 81 ,15O per bond.
The Company's principal establishment EN-
braces Nos 142 IA LAG, 148, and $50 Worth
ST., New York City, with auxiliary establish
ments IN Vandewater St and Wayerey Place.
The interest charge upon the entire
bonded debt of the Company is SEC, 900 per
year.
The net profits of the Company for the
five months of 1890 after Organization
times the interest for the entire year. For
the period of fifteen months ending Octo-
Der 81, 1891, the net profits were $500, $685.
Oh, as shown by income account and bal
BROOKS g. DONNELLY, Public Account
ants, copy of which may be seen at the Of
flee of JOHN III. DAVIS g. co. This shows
a surplus of 1924, 633 over and above full
interest charges for that period upon the
81 ,OO0,o 600 bonds, and a surplus of nearly
&25, 900 after payment of the per cent.
dividend upon the preferred stock.
subscriptions for these bonds will be re-
ceived by the undersigned at par fiat. A
bonus of 10 per cent. upon the par value
of the bonds subscribed for win be given to
each subscriber in the per cent. preferred
stock of the Company, thus returning to the
purchaser an income OF 6 $40 per cent.
upon the cost.
subscriptions will be payable as follows:
so per cent. ON application.
so per cent on January 81.
Subscribers paying in full upon appiica-
ton will be entitled to interest upon antici-
pated payments at the rate of q per cent.
per annum.
THE SUBSCRIPTION LISTS WILL,
CLOSE NOT LATER THAN FRIDAY,
JAN. Is, AT O'CLOCK T.. M. THE
RIGHT is RESERVED TO CLOSE THE
BOOKS AT AN EARLIER DATE, TO
REJECT APPLICATIONS, OR TO ALLOT
A SMALLER AMOUNT THAN THAT APP
Piled FOR.