Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1899-12-18
MONOPOLY.
This Company Has II.
Patents In All Great
Nations of World.
Claimed That Earnings
Will be Large.
Finished Product Made From
Waste Material.
Books For Stock Subscriptions Were
Opened Today.

Books for subscription to the stock
of the Artificial Lumber company of
America were opened by the North
American Trust company in New
York today. These will be closed
Dec. %. The company's plant is
located in a portion of the buildings
of the American Strawboard COM
pany at Barberton.
Subscriptions are authorized at 10
per cent of the par value for $780,
600 OF the preferred stock. The COM
pany is capitalized at $l2,0O0,O00. OF
this $S,500,00o is six per cent pre-
ferred and $s,50O,O0O common.
The money received from the sub
scriptions will be placed in the
treasury of the company, giving it n
cash working capital of over 81 O00,-
600. There will also relnain in the
treasury sl,500,00O preferred and
81 800, 900 common stock,
The company has all the rights and
patents Of Oliver l.. Gardner for the
manufacture of artificial lum Der.
Whe material has been manufactured
for period of twelve years and is
gradually taking the place of lumber
for inside decorations of railroad
cars and all classes of buildings. 1t
can be used as a substitute for plas-
ter and lath. 1t is sound, tempera-
ture and fire proof. The economies,
by its use, are large. 1t is made OF
the waste material from straw board
plants. New patents have been OBJ
tanned recently in the United States,
Germany, Canada, Mexico, Great
Britain, France, Belgium, Austria,
Russia and Australia, giving the
company an absolute monopoly.
The company now has orders which
guarantee continuous demand.
The earnings from the Barberton
plant will, after paying six per cent
interest on the 81 100000 of perferred
stock issued, pay five per cent on
the common stock issued; and after
the erection of the plant in the vicin-
ity of New York city, in the West,
and in Canada, the earning capacity
of this company will be $l,sOO,OOO
annually
Applications are now in hand from
prominent European bankers to Or
ganize corporations to manufacture
and sell this artificial lumber in
England, France and Germany, and
asthe United States company own
and control the foreign patents, a
large percentage of the profits of the
foreign companies will revert to the
Artificial Lumber company of Amer
lea.
The directors are Alvah Trow-
bridge, president the North Ameri-
can Trust company; Hugh H.
Hamill, president the Trenton Trust
& Safe Deposit company; Frank g.
Smith, secretary and treasurer Adj
rondack Railroad company; George
r. Crawford, president Westchester
Fire Insurance company; Melvin
Stephens, director Second National
bank, Jersey City; A. r. Kuser, Sec
retary and treasurer Trenton Gas &
Electric company; ]. Wesley ALI
son, vice president Wood Motor Ve-
hicle company; Thomas Russell,
president the Union Selling COM
pany, New York; II. e. Otis, presi-
dent Peoples Brewing company,
Trenton, Nj; General w. P. Orr,
president Citizens National bank,
Piqua, Ohio; l.. A. Wiley, secretary
Peoples Gas Light & Coke company,
Chicago, ILL.,; Charles r. Hedden, OF
V. d. Hedden & Sons, Builders, New
York; Adjutant General II. s. Peck,
Burlington, Vermont.
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