The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-01-07
ISSUE AMOUNTS TO 100000.

Last summer the board OF directors OF
the Aetna-s Standard Iron & Steel Com
pany was authorized to issue bonds to
the extent OF 5000. 900. in order TO make
certain contemplated improvements at
the newly acquired plant OF the juno
tlon Iron Company, at Minso Junction.
The board has Just decided to issue
bonds for 100000. and a notice to that
effect has been sent to the stockholders
OF the company. II Is intended that the
stockholders shall have the first oppor-
tunlty 10 take up the bonds. After a
reasonable time has elapsed the bonds
remaining unsold will be placed before
the public.
The following notice has been sent to
the stockholders of the company, and is
signed by President W. Il. Graham:
TO provide funds for contemplated i'm
provements at the Mingo Junction works.
and for the redemption Of si9o,ao bonds
OF tho Junction Iron and Steel Company.
which were outstanding at tho time OF
the consolidation with that company, the
board OF directors has Instructed the nego-
tiation OF such part OF the 100000 bonds
authorized by the stockholders at their
necessary. Under this instruction 5000
bonds will be offered for delivery at the
subscribers convenience any time prior to
July !, 1898, on the payment for same at
par and accrued Interest. Pending the
preparation Of the bonds. which may re-
ceipt will be given for paid subscriptions
and interest allowed on same from date
at the rate OF Q per centum per annum
and tho receipt accepted In exchange for
the bonds when they are ready for Issue.
The opportunity to secure these bonds
will be given first to the coinpany's stock
holders and n reasonable time allowed for
their subscription before It Is extended to
the general public.
These bonds will be secured by q mort
gage on the Mingo Junction and Aetna
Vile works, which will OF course be q first
mortgage on these properties, when the
Junction bonds already referred to are re-
deemed and the mortgage securing them
released: they Will bear date January 3.
1895. be Issued In denominations OF $500
md $1,000, made payable IN ten years and
redeemablc at the option OF the company
interest payable s~eml-annually on the first
days Of January and July. Interest cou-
pons will be payable Mt First National
Bank of Bridgeport, First National Bank
OF Bellairc. or the City Bank of Wheeling.
1t Is hardly necessary to offer stockhold-
ers. who are familiar with The value OF
property m~ortgased. and who recognize
that this will be increased by additions
equal TO the amount OF the bond issue. ex-
cept for the sl00,59 Junction bonds to be
redeemed. and who are also aware of the
large free or working capital OF the con-
pany and Its successful career, n assur-
anc of the reliability Of these bonds as
an investment. and tho following state
ment Is submitted more for the purpose
of establishing clearly In their minds the
ability Of the company to carry the In
debtedness with ease. and without inter-
fering with any dividends to STOCKHOLM
ers, than 10 afford further assurance Of
safety.
The statements are taken from the books
Of the two companies MS OF the dates OF
their July, 1897, inventories and which
united represent the assets and liabilities
Of the consolidated company as they would
then have stood: