The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1892-03-29
BETTER THAN BANKS,
THE LEADING AMERICAN IN
DUSTRIAL DECLARES
Another Dividend-An Unusual
Opportunity for Wide-awake
Investors to Secure Shares in a
Company Whose Stability and
Earning Power Are Unequalled.


Company Whose Stability and
Earning Power Are Unequalled
H. H. Warner & Co., Limited, hav'
ing declared au interim dividend of
per cent. on the preferred and 5 pei
cent. on the common stock, dividend
checks will be mailed to the American
shareholders on April by the Central
Trust Company, of 81 Wall street.
In November last this Company de-
clared dividend of A per cent. on the
preferred and 10 per cent. on the COM
mon stock. The end of their tiscaI
year will be July 81. In order to
secure tor our readers some idea of the
mount of divide I'd that will then be
declared, our reporter called upon Mr.
Warner, at so Broadway, as also to as
certain anything further in regard to
the recent report that II. H. Warner
g. Go. were about to double their COM
mon stock. In reply to the scribe's
questions, Mr.. Warner said;
The dividend which the company
has lust declared is merely an interi n
Jne. Such dividend is liable TO be
declared at any time, The Company
nas very large reserve, and | suppose
the Board of Directors are dtsirOus of
Getting rid of some of the COmpany's
iccumulations. They, therefore, de-
clared this dividend regardless of The
one to be declared at the expiration of
our fiscal year"
"Well, Mr.. Warner, what do you
estimate will be the amount of divi
dend the Company will pay at the
close of the present fiscal year"'
"I cannot give any exact figures,
but, as near IS can approximate, the
Company will have about S4 1000 to
distribute at the end of this fiscal
year, in addition to the amount that
will have been previously distributed
n the course of the yer, and have
every reason to believe that the next
dividend will be at the rate of, at
least 80 per cent. on the common
shares. In fact, after paying the reg
lar dividend of per cent. on the
preferred stock, / believe that the
Company will able to pay, if they
choose, at the rate of 40 per cent. on
the common stock; but the Company
may conclude that it is wise to pay
nut, say, at the rate of 80 per cent.
dividend on the common stock and
use large amount of their surplus to
cancel the remaining debenture bonds,
which now amount to less than S425, =
100, over $3000 900 Of these debentures
having been cancelled last year, be-
sides paying l74 per cent. on the com
mon stock. You will see by these
figures that the Company will make
even better showing this year than
ever before"
$50, Mr.. Warner, the prediction
that was made by you few days ago
to the effect that you believed the
Company would shortly double its
common shares is likely to come true
sooner than you anticipated"
"No, | csnnet say that. l do be-
lieve, though, that the capital stock of
the common shares Will be doubled
during the next fiscal year, commenc'
ing August /. / cannot well see what
IL to become of our surplus, unless we
pay extraordinarily large dividends
which / do not think wise-oT double
The common stock of the company.
You see, our business is growing better
continually, and our common shares
only amount to $1,700 900. There is a
bright possibility OF being able to
make half as much as that in the
future from the Baking Powder alone,
which we are now putting upon the
market in addition to our present
business which would permit our
paying over so per cent. dividends on
tue common stock. These facts, hg
ured in connection with the regular
profit which has for years been derived
from Warmers safe Cure and Warner
safe Yeast, almost warrant the belief
that W. will earn net profit Of ovel
ST. 90 900 per year. III so this vast
sum would all 90 to the common share
holders, after paying the comparatively
small dividend of s per cent. on the
preferred stock and the interest on the
remaining debentures il not cancelled
With the business continually I'M
proving and its record since beinf
capitalized into company, of ne
profit from Warmers safe Remedies
alone, of over million dollars in tw'
years, my prophecy becomes almost
realty"
| are you SUN oGllilS JOul HhoASH
Mr.. Warner?P
Il shall few more shares to on
patrons, at the rate of S75 piece 70
the common and $50 piece for tn
preferred, the par value of the share
being Gl0, or about $50 each"
Are you willing 10 continue to sci
your shares at this price. the pu'
chasers to have the dividend whie
has just been declared of 8 per cent
on the common aud per cent. on tn
preferred %
"Yes, l shall sell few more share
up to the time the dividend is actuall
paid, at the prices have just give
you, the purchasers to have the div
dend After the dividend shall has
been paid | do not EXPECT tosell man
more shares, but if am satisfied
can benefit the business by using Ia
means OF advertising il, / shall sell
few, but at an advanced price"
Is there anything further you wis
10 say about the business ?"
mo; there is nothing further
say, aud, in fact, do not care TO "a
anything. l am willing that the bus
ness should speak for Itself. l clail