New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-01-13
finanrial.

Electric Vehicle Company
1850, 1882 and 1884 Broadway, New York.
ORGANIZED UNDER THE LAWS OF THE STATE OF
NEW JERSEY.
ISSUE OF S25O.0OO
8 per cent. Preferred Stock.
AUTHORIZED CAPITAL Stock
Fifty thousand shares = per cent. non-cumu-
Iative preferred stock. 500 ench.
Fifty thousand shares common stock. 500
eRch.
OF THE PREFERRED STOCK 900 SHARES HAVE
ALREADY BEEN ISSUED: 800 SHARES ARE No"
OFFERED. AND THE BALANCE REMAINS IN THE
TREASURY OF THE COMPANY. ANY DIVIDENDS
DECLARED AFTER THE COMMON STOCK Shall
HAVE RECEIVED sS ARE TO BE DIVIDED PRO
RATA BETWEEN THE COMMON STOCK AND IHE
PREFERRED STOCK THEN OUTSTANDING
Officers and Board of Directors:
G. r. KISsEL. New York
Acting President.
ISAAC l.. RICE, new horA'
vicc-Prc>ident.
| NORMAN HENDERSON. New York.
Secretary md Treasurer.
EDWARD TUCK. Paris.
PHILIP LEHMAN. new 'orH'
MARTIN MALONEY. Phil"deiphi".
w. W. GIBBS PhfInde'phie'
THE ABOVE $40 go OF STOCK HAS BFEN CNpDf'-
WRITTEN BY A GUARANTY SYNDICATE.
The entire amount $4,000 be expended FOR the
benefit O, the Company no part OF Il for paena nan
chises. Underwriters commissions.
TIE shares Of preferred have been usrd IN the
ACQUISITION OF the rights patents and Inventions con-
tracts including fourteen cabs now IN wv vi
the Electric Carriage and Wagon Company
Contracts have been placed 10y the construction ana
complete equipment 50 coupes and 80 hanson cabs OF
an imp ved model.
The prices which these contracts have been placed
$4,000 will suffoe to build the 100 cabs equip
station complete for economical opera
ton and ample amount FOR working cap!'a!.
1t IS expected TO have the carriages in cp~nt'on
early in spring The premises 1880 loS2 1854 Broad
way have been ,or Companys principal station
For further Information refer 10 the following letter
from N- rsaae l. Rce President .: the Electric storage
Battery Company Of Philadelphia and former President OF
the Electric Carriage and Wagon Company
New York December sist. 1897
M...rs KEssr.ER 3 co:
Dear sir: The Electric Vehicle Company having taken
property and rights Of the Electric car
rage Wagon Company. OF which was the Pre"aeh''
| 7 beg to submit a Statement, Of what has been accom-
plished the past and what Upon conservative esnAte
may be expected IN the future
The economical reasons which led the displacement OF
animal power by Electric Traction in the Street car ser
vice appy 10 all kinds o. For the purposes 81
commercial ties; II deemed advisable to establish an
electric station for period Of time sufficient 70 juose
the matter and not rom .heores Ire Eiec-
tr.c Carriage Wagon Company established such sta
ton a, No 40 Both Street. New York and has
operated fourteen cabs since January last Experience
proved N. practicabty OF the electric vehicle In that us
use is perfectly safe that II attractive to the pub
lie ard the Invited enlargement OF the
business.
tho obtained from the operation OF fouF'een
cab, can state that the ne, from the operation
hundred cabs should be ample to pay an esh, per
cent dividend on the OF the Electric Vehicle
Company Preferred Stock surplus applicable
10 the Common stock
tslgneD ISAAC 1. RICE
On behalf o. the Underwriting Syndicate. we are au-
hor,zed TO receive subscriptions par Tor $500 shares
esooOo Of the preferred stock OF the Electric Vehicle
Company. subscriber 20 receive in addition 10 eacn
share OF preferred sock subscribed ard paid for by him
one share Of fuipaii noa-assessable common stock
25ee o. the OF subscription is payable n eash
al the tine OF the balance In three instruments
Q. 2s each upon days notice hy mall payment OF In
| stalrnents may be anticipated
Subscription receipts showing number Of shares sub
scrbcd FOR and paid will be issued TO subscribers
a. the time Of payuen, Of first insta.nen.
The right or reduce subscriptions
Subscriptions will received at the ONCE OF the under
signed srd also al -he once OF Z. W. CLARK CO.,
/ PHIL.A DELPHIA. an at the STATE STREET TRUST
| Co. BOSTON.
! The subscription books will close January
II mt 3 T.. VI. Form of subscription eau be
| attained Mt the offices of the above named or
of
Kessler 6 Co.,
| x. WALL STREET. NEW YORK CITY.