St. Johnsbury Caledonian. [volume] (St. Johnsbury, Vt.) 1867-1919, 1893-01-05
OUR BOSTON LETTER.



Wbat the international Button-Hoie
Machine Company are Doing.
Knowing that so many readers OF
the CALEDoNIAN are intcres ed in the
doings OF the foreign patents OF the
Rcece Button Hole Machine Compa-
ny, it has been my purpose to send
YOU the latest items OF news that
could be gained by visit to the
Office OF the company.
Mr.. Shay, the treasurer, was very
cordial, 80 presenting your card OF
introduc on and sad II am glad to
see YOU l.cause the earnings Of the
COMPANY have been fully is per cent.
more f., ,lc last six months than
for anr half year previous. Now II
you wll be seated, continued the
treasurer II have nothing pressing
to do, so that | will tell you every
thing y -@hlc ~ reference to our
ways OF conducting te foreign bust
ness ana any other alters chat You
may suggest.
We have in all three agents. These
speak the language OF the country IN
which they work, and are thorough
ly acquainted with the best ways OF
pushing trade III their own terri
tory, as well as with all foreign
method, Of payment The agents
are not paid a salary, but a commits
sion ON what machines they sell; so
if they sell nothing we are under no
expense, not even for office rent.
Two of the agents. the on" in Canada
,n.l nGJc .uut - the
W... .......u. ...i oui.nts sole
" on what their commission brings
them. This would certainly give one
the assurance that they Will sell all
the machines they can.
In London the agent is a large
wholesale dealer and is well known.
lie is sure pay the moment the ma
chimes are sold, and sends us large
orders ut q lime. We have lately be-
gun to send machines 10 Australia,
and to broaden the business by plac-
ng them in collar and cuff factories.
OF course every machine sold is the
best kind of an advertisement for
their merit, ana we feel that the
progress i, even and steady and the
hcl charging"
Then there is no trouble, Mr..
Shay, about our dividends at pres
eut." why certainly not, and every
cent earned will be distributed or 90
into a reserve fund without any
leakage for expo ses. SO that your
dividends will increase exactly as the
earnings.
at has been the wish OF some that
NJ Rcece himself should go abroad
and attend to the business there;
but we feel he is not needed and that
our own agents are dong all that can
be done. 1t has perhaps been a
mistake that we have not given the
public more information in reference
to the business, We have taken no
tlibC W wv llilS bSSduaS psi Solldlly
1T makes no difference to MS what is
the price of the stock, as we have none
ol our own to sell at the Office. Some
times a person will bring stock here
to be sold for them under the necesSi-
ty OF settling an estate; then we are
glad to favor them and sell their
stock, but from personal motives all
we have given any thought to is the
earnings Of the patents. or course
the dividends would he the same if
the stock sold for % cents or $25.
Nov, at the price OF SEA share, as
you get interest on $40 for every
$500 invested, this gives you the
same as per cent. ON your money,
and you have all the chance of a rise
from this low figure We can think
of no reason why the stock is low,
only that the working field is so far
away that but few of the public
know that the patents exist even, or
what they are doing,
"Il any machines are sold at the
Worlds Fair to foreigners, this
money of course goes into the inter
national dividends. We are looking
forward to great results from the
Fair, because manufacturers from
every country will see our methods
of doing business, which are 50 much
more rapid and enterprising than
theirs, and they, catching the
American spirit OF energy and push
will return to their factories with
new plans, taking the machines with
them.
LET me say that we have the ma
chimes adapted to making button
holes in every kind of cloth or leather
and that therei no competition from
any other patent that we know of ii
foreign country, and that it is on,
purpose to push the earnings OF tn,
company as fast as possible. W,
have felt that this was truer wa,
than to have anything to do witt
the speculative methods OF raisinj
the price of the stock"
ANNIE l.. GoRHAM.
COUNTY MINERS.
Gov. Fuller has appointed the fol