Greenbrier independent. [volume] (Lewisburg, Va. [W. Va.]) 1859-1980, 1900-10-04

stock. as may be found practica BILE. y
Then follow the names OF five pump COM
panics. accompanied by the statement
that these companies are estimated 10
transact ninety per cent OF the steam
pump business OF the United States, eS-
elusive of high-duty engines. The ma
jority OF the companies also manufacture
such engines.
Sample Case of Trusts.
One OF the companies. taken into the
combination had assets estimated at d
little more than six million dollars; an
other company had assets estimated al a
!i:tlc more than three millions; the thlrd
company had assets estimated AZ little
moro than one million. The fourth COM
nany had assets estimated at elght nun
,trrG thousand dollars. and the afth COM
panY had assets estimated at seven num-
Grcd thousand dollars. The good Will was
rot estimated in the above figures. Inc
total assets. therefore, of the five COM
panies. nor including the good will. were
less than twelve million dollars. and the
prospectus states that the combined net
profits of .he five concerns Tor the year
1928. estimated on the business OF ten
months of the year. would amount 10
rwelre hundred thousand dollars. Under
III" head of ESTIMATED additional earn
lngs from consolidation" I find che fol-
lowing:
Each OF the five companies now main
tairs agencies in the principal cities OF
the United States. The Worthington and
Blake companies have stores. and carry
stock in London. Hamburg. Vienna. and
other cities. Some OF them have eNpen-
s;ve salaried managers. All these agen-
ciss in this and other countries VIII be
consolidated. The stores and agencies
maintained in the cities of this country,
nd ha
necessary to conduct them. will be united
aud decreased. involving an estimated
saving OF ut least s5Gg,U0Q year. The
expenses Of each company for its draught-
ing department. incident Tn thn elaborate
drawings. and specifcatiCn for estimat-
Ing of york. vii! bring ABOUT a further
r",IuctIon. The sian,!ars!izi.g of the pat
terms for farm and domestic work. which
is ROW under way in he Worthington fac
l0ry. wh"n applied 10 the entire business
hr the new COMPANY. will result IN an
estimated saving Of at lcaS. 500 10g pc:
year"
And then follows in black type this sig
riiicant statement:
,,.,. c,,.,,,,
y conservative estimate Hi tue W.
iania%"$ derived from CONSOLIDATION IS
believed TO be Sl.%~.'Cp over me present
futrra nor EARNINGS wIth tho estimated
earnings based on ten months of the
rsar's business O. &" 200 coo OF !; Der cent
on rho nr.forrsd sock and Over eleven
n.- conf On ,ha ,,nrn,or stock Of The
nav. co,,,,nr"
r. will rb,,s bo s,o,, ,ro,,, tho nrosncc.,:s
t;o. 80 .,,T,.,,,,.,,,. ...,,rt IA. rho ru,
ting down OF expenses. will double the In
i,a -, ,,,..,I.a 80 III, -odrc.ion m
he ,,s,,,,,, NJ -, roken from
.i,a t,n,..I;ra ,,o- 49,, 80 hornI knnn
49,. go ~ .iIaSa 49,, Tho H,ery
, go. 49,, .n',.s,o,'. nnd ,ron,
ntsa,s ,,.t, -. ~, * Gi.cb,ree NJ
r,,:a1;,r r,rssra, c,srl,e 90 viii ali
hc ,ddad to rho nroTrs of rho no1opolv.
.rho eron,, VS. - NO ,roIa-eJ ara nrircs
,rot,..,;,ad ~ ~ ,.i,.iI,r+s mon fir,i-
tio,,s o.,tr,,
~ 80. frr,,,- ,r,ro,tso that rho
1900. 80 ,,.,,ran,,,s sa,,s that the
,-ir.ir,i r,.., c,,,,,,c.,d ,vI.h rho yarjors
'l,;' at;so,I viii
10y 'i',''' "'".4 .,n, .at 49,, 80
,''t C"'''p"nS Gnu "Gu'u 49, 49,, 49,
EuE"EH !" Il me ""s''ieSs ,'' 60 -
hut VIZ au'"a we puu'.| .;s r,n,enoi,,
"HIse ma :"e pu'i'C '"I, t,''' -, b,,r,,,
WEI no. as pII "a. - ,oss,iIa n',r
''.'''''o ~ i.iTn al ~" i,SnrobIa ~
W. :. ,t. I, F,.r oIirnf1-
t-spttI lil'tN NsI'0 '''''IDi''S' 49, -''''''