The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-02-03

The firm of Measrs.Journeay d Burnham
OF brooklyn, Importer aud Dealers In
Dry Goods. was established in January,
las4 by Mr.. Henry z. Journegy and Mn
Lyman $, Hnrnham. In The following
year Dir. Hugh lloyd be,amc partner,
and the nrm remain unchanged until tine
death OF Mr.. Journeay year AeO uecessi-
lated organization. and its conversion
INTO "A corporation was accom- plshed.
The reputation OF the firm for honora-
bic irallnK aud Tor the high class OF goods
which IL handles, has always been rerog.
niEed. and It's ere lit nnd that of the Com
pauy succeed Y IL, is the highest accord
"a hy the Commercial Agencies OF the
country. IL has over 10000 pntrons not
only IN Brooklyn. but throughout the
New England States, New York, New Jer-
sey, Pennsylvania and Maryland, aud er-
tending as far South as Texas, and a, lar
w est IN Iowa.
Its career has been one Of continued
prosperity, the sales for upwards OF forty
years past hav.hg amounted To over s =
$50. 900 per aunuln. For the Luroe
months ehding DECEMBER Slst. 1sIl-tue
first complete quarter OF the Con p 1ratiun
Its gross business amounted to $40 Jb5,-
II. beng ffi,gI34S greater than the BUS
moss OF the firm dur ny the same period in
the preceding year, The net .rotlts for
the quarter We're *il,777.lS neiug at the
annual rate OF per cent. upon the pre-.
fVrred stock, ! per cent. upon the uum-
mon stock, ana surplus equal to ll-lJO
per cent upon both, making in all 10 IL
100 per cent. upon the Preferred stock and
II ll-luJ per cont. upon the common soc
II Is, however, expected that the business
viii show much greater IncreRse after
Marcn list, upon which dale the Company
Will remove from its present limited aud
Iuconycnieuily located premises on At
la6t.c Avenue to its new and commodious
bu Ing now nearly completed at the
junction Of Fulton street and Flatbush
Avenue.
THIS site was selected after due eonsid-
Grafton and II is believed to he the most
udNani ugeous location i'll the city of
Braohlyn for dry goods business. 1t ID
r. achei 10y seven different lines of street
cars is opposite the station OF bot tie
Waited Railroads and within two blocks
! of the Long island RailrOad station,
| whereas the plesedt location ia reached
by but two lines OF street cars. The re-
uoNal IL IN response to a popular de.
| nand. and universal assuri ces of APP
- Nnl have 'ren received OF the con-
I templates change.
T6e Company ia managed, under the
control OF its Board of Directors, BY the
surviN ing members of tie iate firm. iie /
by iis well known, reliable and expert
eHeed stda OF employees. Messrs Lyman
:. Buruuam aud lIugh lloyd and Mr.. Joan
/ ~. JOnklin, Tor III ny years associated
! with the late lirm, have enter d into an
agreement with the Company to remain
Va Ills service untfi july list, 1896 aud tor
SUCH longer period as their services may
he required.
! The STOCK now offered is the balance of
thai issue by the Company 10 acquire the
interest OF the deceased partner Tho
eight per cent. stock VIII ch Vas offered in
! July last WAS largely oVer-subScriued and
VIII allotted pro rata among nearly six
| hundred applicants. 1t Is now quote l0j
OK dividend lid, with no stock offered.
CONDITION or SUBSCRIPTIONS.
Ten per cent, upon applicat ion. balance
| within ten days utter allotment, fne
right is reserved, should the applications
exceed the amount offered, 10 Aiiot a less
amount than that slhscrlb d for. Prefer
enee In allotment will:Oe xivcu so far rs Is
prattCabIe to the customers of the house.
Pro-I eCtus anu form OF application car
he obtained from ne undersi- ned and mp
plicatiuns may be made to them direct OIL
through local bank.
HAMILTON TRUST COMPANY,
1871 Montague Street, brooklyn.
OR
CHASE NATIONAL BANK
10 RasSaa otIse., New YORK.
f--Jts