New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1897-12-13
financial.
OFFICE OF THE
MARSDEN
COMPANY,
$50 Drexel Building.
Philadelphia, December 10th. lsV''
orELoJders of the Wdrsdca Company

To the Stakeholder of the Warsdca Company:
The Directors desire announce that after the e"
penditure Of much time thought and In the per
lection Of methods OF manufacture. and the deter
nation Of merits Of the products produced they ~
met with great success and reached point wheie NV
are producing very superior article OF livestock Oou
free from cellulose and fine quality OF eeiuiose "'
from fibre: that the food produced is OF muo"
better grade than that used in the experiments naue ~
the Agricultural College and individuals from winch s
favorable results obtained. and that 'he 't'luio
produced much higher grade than that origh"i'
used in the made by United States naval auhorl-
tlcs which the adoption Of this maeria lo
the packing OF the warshlps OF our navy
Not only have our efforts resulted in Improvement
In the quality Of these articles but also IN the
Of the cost Of production the recent operation o
the new mill at Greensboro. KY, We are aoe u HsNN
definitely as 20 the capacity ~ machinery ana 'e
cost Of production. We have market IN SIGHT s"''
to absorb all food that we can produce IN t'e "
now erected contemplated and with the OBJECTS
received from for the construction Of 'e
batteshps OF TIE states Navy. and whht we eN
pee, from the trials arranged for with foreign Govern
rens and what Will be required Tor the other spe''"o
appcations OF cellulose that have peen deereu' We
should have marc, FOR greater supply OF TINS poHuo
than the facilities existing and in contemplation VIII
produce.
We feel. therefore that the time has arrived wheh
n-ovislon should he made for rapid development OF
the business a large and profitable scale VIZ ""''
located six additional plants in the corn belt "here pe
s,ipply Of raw material assured. VIZ. at Lincoln
Farmer CITY Chenoa. Fairbury. Midway, H. ana l"n
den Ind. These with the two plants now competed
Will give rs a minimum capacity Of two hundred ana
FORTY thousand tire year ls9S the value ol e
on,ru % these factories 70 their capacity shouId
after paving all expenses. leave us margin OF proH'
available for dividends the cose of the year leoS
moro than sufficient pay six per cent upon II" "''
preferred stock Issued and authorized TO be issued up 10
this date Including the stock now offered ana an a'1
,onal dividend Of ut per cent upon the to'a'
outstanding preferred and common stock
The utility and markc: ability Of the products of the
Company are no longer experimental: the merits OK ire
product. have fully determined nHd large market
for the same IS open before Us
The E5ari o. Directors order TO provide the capita!
necessary for oomp''n and operation ~ the aaa
tonai plants have authorized further Issue OF Ten
thousand shares = the preferred stock
The basis onetei exceedingly favorable one ana
Win undoubtedly resul, largely to tho benefit ana pFoht
= the sub. ribers This Issue ~ stock should IN OUT
Judgment enable Company to increase It's operations
~ stated above. sufficiently to put the Company upon
dividend raylng basis.