The morning news. [volume] (Savannah, Ga.) 1887-1900, 1892-03-05
HOW To MAKE MONEY.
What the Leading American Indus
trial Has Done.
A Hat Which Nay Prove a Rare Op-
portunity for Investors.

A Hat Which Nay Prove a Rare Op-
q, portunity for Investors
6et0 York Commercial Advertiser
A rumor became current on the Greet
yesterday that Il. q. Warner & Co., one Of
the most prominent Industrial institutions
of America, and which has been capitalized
in London, was about TO double its common
stock. The standing and Importance Of
this company in abe financial world quite
naturally caused this rumor to become the
subject OF much oonversation and comment.
The phenomenal success this company has
attained. a1d the large dividends it has
paid, naturally made the rumor impor tant
and justified an investigation. Therefore a
representative OF this paper called at the
New York Office of the company, so Broad
way, ii order TO ascertain the falsity or
verify the truth Of the rumor.
Mr.. Warner, the president OF the COM
pany, is genial gentleman, beaming with
kindness and good nature, bat he became
quite uncommuuicative when approached
by the writer.
"Mr. Warner, it IS reported that II. II.
Warner 81 Co. is about to double its COM
mon stock. Is this truer'
"Who told you thatp' asked the gentle
man in surprise.
ut is a current rumor. Are you pre-
pared TO deny itF'
Mr.. Warner thought carefully for a few
moments. and then said:
Frankly, l think such will be the case.
The fact is, the business was capitalized at
far too low a figure originally; as its earn
ings and dividends clearly show. Both
earnings and dividends justify three times
the present amount Of Its common stock.
was so convinced of this when IL was
originally capitalized that purchased in
the open market on the London Stock Ex-
change a large proportion Of the common
stock myself at so per cent. above its par
value, well knowing it was the best invest
have verified my belief"
May / ask what the earnings have
beenP
Certainly. Il is no secret The first
year o per cent was paid upon the debent-
ure bonds, 5 per cent. upon the preferred
and l7112 per cent upon the common stock,
while $3.50. 66S was carried to reserve fund
For the second year 6 per cent. was paid
upon the debenture bonds, per cent upon
common stock, while 100000 of the
debenture Ebonds were Cancelled and $780,
600 was carried TO reserve fund. In round
figures the company has earned during the
past two years over $1,000, 900. The earn-
ings in the United States alone for the
seven years prior to its capitalization was
about SO, 100000 Thus, you see, the bust
ness since its capitalization has largely in
creased in earning capacity"
THAT is certainly most wonderful show
ing. Have you any idea that 1t will con-
tinuep
II believe 1t will double. While the Safe
Cure is the most popular remedy in Amer
lea, Austria, England and Germany to-day,
1t has never been introduced into France
and Belgium, where we are about putting
it on the market Not only that, but we
are now manufacturing a baking powder.
which, as you are aware, is one of the most
profitable Of businesses, one concern in this
country having made an annual profit of
$l,00O,000 for several years. These facts
lead me to believe that the earnings of
the company can easily be doubled
How many common shares are therep
"Thirty-five thousand OF 4l0 each, which
amounts in our money to trifle less than
81, 700, 000."
"Will every holder Of the stock receive
double the amount of his stock In the event
that this change is etfectedp
Most certainly. That will be a necee-
sity. Quite naturally, the present holders
are pleased at this prospect, aud are hold
ing on to the stock tenaciOusly. /, however,
am such believer in the fact that the
talking public is the best advertising me-
dunn as to be willing to ALLOW a limited
number Of my shares to be secured by the
right parties"
'For what purposew
"For the purpose of securing what we
call free advertising. Every one holding a
few shares of this stock will be a jealous
advocate of the merits of the business in
which his money is Invested. / would not
under any circumstances part with more
than 10 per cent. OF my holdings which
amount to some 81, 000. 900, and only then to
those who are my patrons. | would not
consent to sell more than twenty shares of
the common or ten shares eacn of common
and preferred stock to any one individual
The rate for these shares is $40 for the com,
mon aud $50 for the preferred stock, their
par value being $50 each"
And how may they be obtained"
'By applying to the Central Trust Com
pany. No. "a Wall street, New York: H. Fl,
Warner ~ Co., Rochester, N. Y, or 30 my
New York city office, No. so Broadway,
Ten per cent. of the purchase price must ac-
company the application, when the stock
will be issued by the Central Trust Com
pany and delivered when the balance il
paid"
And how about accrued diYidendsp
'The buyers of these shares participate In
the profits of the business from July 81 last,
and they will also participate in the doubling
OF the common stock OF the company, 10
case that is decided upon.n
There can be little doubt that this large
industrial company. which manufactures
Warmers Safe Cure and Warmers Safe
Yeast, which is placing q baking powder
upon the market, and which has its
branches In successful operation In nearly
every civilized country upon the globe, will
soon double It's stock. Parties who have felt
the beneficial effects of the Safe Cure, and
who have seen the thousands of people who
have been restored to health by its use, can
readily understand the secret Of its pros
perity. 1t is founded upon the needs Of the
public, and hence it is popular with the
public. Such people, IL any there be, who
are seeking an Investment certainly cannot
do better than to secure the few shares of
. this stock which can now be- obtained, and
which are more than likely to double in
Value. baI1as having aa thew hava alwn 1s