New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-04-12
BIG OPERA PROFITS.
EXCELLENT RESULT OF THE SEASON AT
THE METROPOLITAN OPERA HOUSE.


THE METROPOLITAN OPERA HOUSE.
The annual meeting OF the Maurice Grau opera
Company held at the Metropolitan opera
House last evening and 1t most happy one
1t Is already generally known that the opera
season which Is just ending has been the most
prosperous in the history Of the house. but only
those who had seen the figures realized how hand
somely the company to treat the stockholders
At the meeting of the Board OF Directors week
ago a dividend was declared, which was announced
to the stockholders last night The stock OF the
company is divided into two classes. common ana
deferred. 1t Is stipulated that interest at per
cent on their investments shall be paid to the mold
ers Of common stock before any profits are paid
and that after that all profits shall be divided
equally between the holders of common stock and
the holders of deferred stock The per cent In
terest is provided for in the present case ana
dividend of 30 per cent Is declared on the common
stock. which counting the interest with IT, makes
practically dividend OF 80 per cent. Nor Is this
all. considerable sum is retained in the treasury
as a reserve, for a short time, but II Is likely tnat
before the opening OF another opera season an
other dividend OF 10 per cent will be declared
Mr.. Grau made a report to the stockholders
which was in part as follows
Presenting brief resume Of the record made by
the company during the last year, / cannot refrain
from availing myself OF the opportunity which the
occasion presents TO thank you sincerely LOT inc
PRESIDENT Of YOUR company and as it's managing
director when despite the illfortune which mas az
tended the predecessor company YOU cneeriuIi ny
though your investments might have seemed 70
you more than usually hazardous. ana nave inc
vanity to believe that your suoscrlpuons 10 the
stock OF the company were inspired IN the nrst m
stance rather by the feeling OF confidence IN ana
friendship for me than as a mere business venture
The report Of the treasurer which VIII 0e SUD SUP
mitted to you, shows that the company mas
achieved almost unprecedented success durlng inc
season now closing. and. while few performances
slightly affect the net result OF this year venturs,
the profits of the company may be safely set Gown
as not less than 10000 which has been reaIiized
on a capital Of $4,000 S20,WO OF the authoIlLeu
shares OF the company still remaining in IT'S treas
ury No encouragement that could possibly De
afforded by the metropolitan opera ana heai tbSs
company Its designation OF representative on on
your Board OF Directors It's constant interest III
every matter tending to the prosperity OF TINS 9tnr
the expiration Of the present one al tns emu ol
next wear upon terms in some respect more tayor.
able than those now prevsng are evsed in the
| two companies have all tended largely 10 ou' suo-
. 100000.
| identity Of mana cement. that has existed In the
| mast between the London management or grand
opera and its manage ent III ms ely WI u, ~
probability be maintained In the future greatly 20
he sdvantage of both enterprises. At the present
time no specific or detailed Information regarding
the plans for next season can ne spreda H. 10
| which has been maintained by this company gu.
| ing the past will not In any respect De lo"ereu al
the future.
The old Board OF Directors was reelected as fol-
lovs. Maurice Grau, Edward Lauterbach, FRANK
! w Sanger Charles Frazier Robert Dunlap, Henry
Dazian and Frank NJ. Dodd. After the meeting OF
| .,ockboldars tho directors met and elected the fol
iowing ofcers: President, Maurice Grau; vice, pres
| ;dnrt Edward I,auterbach; treasurer, FRANK w
! Sanger and secretary, Ernest Goerhtz.