The Bennington banner. [volume] (Bennington, Vt.) 1858-1894, 1892-12-16
AUTHORIZED CAPITAL, $4,000 900.
SHARES, 100 EACH, DIVIDED INTO
10000 SHARES
COMMON OR GENER NJ STOCK 81, OCO 900.
20 900 SH \RES
PREFERRED STOCK, OF WHICH $500
SHARES REMAIN IN THE TREAS
URY, LEAVING PRESENT
ISSUE, St,75O 900.

This company is formed to acquire control O
and continue the business here ofOre conducted
by the Pratt and Whitney Company Of Hartford
manufacturers of machinery and tools in th
country. The business has been establi, he'd oyel
thirty years. and has been constantly increasing
in volume and profits.
VENDORS STATEMENT.
The property has been appraised bv Mr. ]. F
Holloway, NIce President and Treasurer of Henry
r WorthinRton (incorporated). New York, as
sisted by MIR. John K. Hills, of IL irtford in vau
ing the real estate.
Adding to their appraisal the book accounts
bills receivable, and cash, makes the
Total sets........................ 50 $4,000
exclusive of patents, good will, or trade marks
bel g $3S4,OOO in excess Of Preferred Stock
now issued
The books were examined for 1899 1890 and
1891 nv Messrs DelOietie Dever Grifflths & Col
Their report shows earnings equal to 8 pei
cent. on the Preferred Stock. 10 per cent. on thu
Common, and leaves sufficient surplus for salal
ries, management. and contingent expenses.
Detailed ports of the appraisers and account
ants may be seen at the office OF any of the bank
ers, or prospectus containing them will be SEM
on application.
The Secretary of the company writes
HARTFORD, Nov. 5th, 1892
Present indications are that the volume d
business and the profits Of the company in TIL
y
average for the last three years. Orders ar
coming in as freeJ now as at any lime in the eX
istence of the company, aud prices are easil
maintained
The Preferred Stock remaining in the treasury
or such part as may be required, will be sold du
ing the progress of cOnttn plated extensions
Buildings. The ass'ts will be- increased to tl
full amount of the additional stock issued, an
the manage express belief that this course W
increase the earnings $50 900 to $4,000 per a
mum
The customers of the company consist of Il
railroads and manufacturing interests OF the cou
try and extensive sales are also made abroa
THE BUSINESS Is INDESENDEN L OF TIL
QUESTION OF TARIFF, AND DOES NC.
RELY UPON PROTECTION.
The present man gers of the company agree
remain fof a period of five years at modera
salaries, the maximum of which is fixed.
The following gentlemen have consented
serve as Dire ctOrs: Mr. f. A. PRNIT Mr.. AMQ
WHITNEY, Hon. HENRY q. 10 INSON, NJ
ROWLAND SWIFT, Pre- .ident American Natio
al Bank, Mr.. JOHN X REDFIELD, Preside
National Exchange Bank, Hartford; Mr.. r.
BLODGEIT. Mr.. j. L: WOODBRIDGE,
GEORGE W. M REED Hartford, Mr. @. GU
LER OF Cuyler, Morgan and Co.; MIR VILLA
NJ. KIDDER OLA M. Kldder & Co., New York
TRANSFER AGENTS IN NEW YORK,
Messrs. A. NJ KIDDER & co.
REGISTRAR OF STOCK,
NY. GUARANTY AND INDEMNITY co
COUNSEL,
MESsRS. CARTER & LEDYARD, New York
HON. HENRY c. ROBINSON, Hartford, Conn
AUDITORS,
Messrs. DELoIETTE. DEvER, GRIFFITEs
COMPANY
THE SUBSCRIPTION LISTS WILL OF
ON THURSDAY. DEC. Ism. loy2. AND CLIO
ON OR BEFORE SAL URDAN, DEC.lIth, ls9
Payments will be made as follows:
10 PER CENT ON App ICATION.
PER CENT ON ALI OTMENr.
so PER CENT ON JAN. 81, 1893.
The right is reserved TO reject or reduce
application. Upon final payment provisio
negotiable receipts will be issued by the
York Guaranty aud Indemnity Company, to
exchanged for engraved certificates Of stock
due course.