New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-02-22

NE.W1ORk. February l-tn lsco.
TO holders Of Certificates OF the Manhattan
Trust Company issued under the plan of
reorganization of the Disabling and Cat
tie Feeding Company:
ore II first steps following the organization Of the
AMERICAN SPIRITS MANUFACTURING COMPANY
has been bring formation of distributing
company capable of handling, if necessary, its entire
product
Such corporaticn known as the SPIRITS DIS
TRIBITING COMPANY, has been organized under
the laws Of the state Of NewJersey with capital stock
a. follows:
First Preferred Cumulative per cent stock e. 10000
Second Preferred Non-cumulative per cent.
Stock I".'o'
Common oo'oooo
ro,,, 81. 900
The entire issue Of and share OF the
second preferred VIII be owned by the AMEHlCAN
SPIRITS MANUFACTURERS COMPANY.
Holders Of MANHATTAN TRUST COMPANY'S y. G.
C. f. Co. certificates offered the opon 10 subscribe
at par frs, preferred stock OF the Distributing
Company the Of six cent OF The par value
Of their holdings any part Of such holdings receiving
in addition fifty per cent OF the amount OF their sud
scrlpiion In second preferred stock.
For the Il certificate holders the Manhattan
Trust Company has consented 10 act az deposary ana
to ascertain holders the transfer books II certificates
for Dlsting and Cattle Feeding Companys stock will
close Monday February 24th. ls.c At p. b. and open
Wednesday, February 10Th. 1896 at 10 \. NJ
Blank 81 subscription be obtained upon app
cation 10 the MANHATTAN TRUST COMPANY. Wall
<, corner Of Nassau New York. subscriptions
must be delivered at the Office of the Man
haitian Trust Company not later than l. W.
on saturday, March 9Th. Is0n, together with
check for the first instaIment of II per cent.
Second lnsta.men 10 per cent payable Oh Mareh ISL
1896.
Third and fourth instruments Of II per each.
able respectively as called notice by mall Of not less
than 10 days to the registered holders Of the subscription
receipts ana al intervals II not less than Ii days
II r not at presen. call the remaining four
instruments Of per each That amount is designed
to provide for the possible extension Of the business OF
The Distributing Company other than that
now contemplated. for future requirements
Temporary receipts will be issued by the Manhattan
Trust Company. upon which will be Endorsed payment OF
each instament.
Ipon payment OF fourth instament Of 10 cent
and surrender Of the temporary receipt subscribers will
receive the Of rs preferred stock 90 per cent
paid together the second preferred stock 10 which
they Will be entitled
The privilege now offered holders Of Manhattan Trust
Commands D. 4 C. +. Co. Certificates has been under
written by syndicate.
Appllcatlon to list the stock Of the Distributing Com
pany On the NewYogk Stock Exchange will be made I'm
Inedlatey.
In consequence Of the formation OF the SPIRITS DIS
TRIHt-TiNG COMPANY. THE AMERICAN SPIRITS
MANUFACTURING COMPANY has been enabled to make
advantageous ARRANGEMENTS FOR the distribution II rs
urolac, in the territory Buffalo and Pttsburg
AMERICAN SPIRITS MANUFACTURING COMPANY
VIII control the distribution 4 its product Of Buffalo
and Pitsbug through the ownership Of majority Of the
stock 4 the spirits Distributing Company.
Under contract with the Manufacturing Company
the Distributing Company VIII take the product the
shufeldt Dstery at Chicago and the 81 Paul Ds.lery
at ST Paul. and II required will also take the product
Of ten additional bushels daily for distribution
in the East This produc, taken b the Distributing
Company at price and is paid FOR in cash. the
A 10 business
minimum Of 81 The Manufacturing Com
pany leases The Distributing company for the term
If 300 years the H. Shuieii; CO. Distributing Plant
with all It's appurtenances and machinery. and WILL pur
suaut 10 Il written contract. make fixed annual
rnent Distributing company ~ si2OorO payable
quartery beginning May 1896 In the event u the Dis
trhilng Company extending IT. business above
yIcl and calling UP the remaining instruments Of 10
cen, cac on the First Preferred stock the Manufactur
ing COMPANY will provided IA such contract make
further annual payment OF $4,000 for each additional
insalmen ~ 10 per cent paid In the total annual
rnent being limited 20 S2oooeo The be
received annually by the SPIRITS DISTRIBUTING COM
PANY viii be sufficient for the dividend Of per
upon the paid in its First Preferred Stock
THE AMERICAN SPIRITS MANUFACTURING COM
pANY under the arrangement described above. controls
an inleperent and powerful distributing agent handle
rouct without the expense heretofore paid for The
service practically without cost. the estimated
earnings Of the Distributing Company general
business IN addition TO the fixed annual payment from
the Manufacturing Company above referred TO-
the belief they Will be sufficient to dividends
upon the Common held by the Manufacturing Com
pany
The opportunity participate In the profits Of the dis
trbutng business is offered 10 the stockholders OF
the American Spirits Manufacturing Company
o.. 0~~~a..