The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1896-04-08
DIVIDENDS DOUBLED.
BRADFORD SHoDDY MILLS INCREASE
THEIR EARNINGS.
Large Sums Carried Over to Reserve
Funds-Orders For s5.O0O,0OO of New
business Held by One Mill - British
Stockholders Are Congratulated.

Honus-Oruers FOR 6o,OoO,OOO Oh new
Business Held by One Mill - British
Stockholders Are Congratulated.
No two Bradford houses are better
known in the United States, either
among our dry goods houses or consum-
ers, than those of Messrs. A. d S. Henry
q Co., (Limited) and Messrs. Lister q
Co. of the famous Manningham mills.
The former, simply as merchants and
shippers, the latter as manufacturers, are
regarded as the business leaders of Brad
ford Were il not for the enormous trade
the Henrys do with us and the sub
stantial slice the Listers have secured
from American manufacturers they
would today still be but common fry.
AS the Henry house is the king of Brad
ford's Anglo American shippers, let us
note what this present tariff has done
for it. The chairman of the company,
Sir Henry Mitchell, speaking at its an
nual meeting less than a month ago,
said:
When the shareholders assembled II
months ago. il was at the close of very
trying and very difficult year, and the
directors had TO put before them business
results which were considerably less than
the average for number of years past,
and even less than in any year since the
company was formed. He was very glad
TO meet the shareholders with very
much more satisfactory report and very
much better results. Hear Hear As
they would see from the balance sheet,
81 .fe-,I , Il. re- oh
900 more than they were last year, and
nearly $40, 900 more than the highest
amount realized since the company was
formed. He hoped that the results would
be considered satisfactory. Then, speak
ing of the general prospects of trade, be
said those shareholders who were at the
last annual meeting would remember
that he held ont some hope of improved
trade, and stated that the company had
orders on their books of upward of
$500, 600 to commence the business of
the year. He was now very glad to be
able TO say that at the present time the
orders amounted to nearly Ct 600, 600.
Applause. So that their prospects, at
any rate, were somewhat encouraging
for the new year.
The first year of our Democratic tariff
III the free raw material of our wooden
manufacturers has enabled British
wooden manufacturing concern TO re-
cord profits of 1.-THE highest amount
realized since the company was formed. "
1t also began the second year of our free
trade experiment with orders in hand
that amounted to nearly So, 600, 900. No
wonder the British stockholders greeted
these remarks of Sir Henry with zap
plause, as they compared the two an
nual reports of 1894 and 1895, a digest
of which is given in the following par
allels:
A. s. HENRY co. (LIMITED), BRADFORD.
Annual report, 1894. Annual report 1895.
Profit ......... f630l0 Profit ......... f95 10S
Dividend 3 per cent Dividend. 4 per cent
Reserve fund .fS5 900 Reserve fund. 100000
Carried forw'd.. G9l0 Carried forw'd. fl6, 70e
Although only per cent dividend
was paid, yet the chairman explained
that the company had really earned IL
per cent, but that this was one Of the
years when it was prudent to add
large sum to the reserve fund.
But what have Lister 81 Co. done?
tuty pltStllb 81 lOSCdlC
statement as their neighbors, yet their
100 per cent increase III dividend is
considerable. Here is their balance
sheet also:
LISTER & CO., MANNINGHAM MILLS, BRADFORD.
Annual report, 1854. Annual report, 1895.
Profit .........-lj,2.3 Profit ......... f73, 3Ss
+Dividend. g pr cent Dividend 49,. a per cent
Carried forw'd 49, Carried forw'd ga, GSS
*The profit Of al5223 being insufficient to
meet the payment of dividend, the directors
took f34, 437 15s sd. from the reserve fund so as
to cover els, 437 los. I'd. deficiency. This enabled
them TO pay per dividend for 1894.
What American wooden manufacturer
can present SO favorable a statement of
his last years trade us either of these
two British concerns? And still the
Democratic adherents profess TO believe
in free trade, and by their professions
try to make others believe that they are
Americans while they practically place
orders for $4,000 600 worth of goods,
with but one British manufacturing
firm, as a starter for its new years
trade.
Expose Their Scheme.