Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1900-05-03
COOPER co. COOPERATIVE 5
NEW YORK AND CHICAGO.
Profit Sharing with Our Patrons-Co Operation with Our Employees

The great success attained since 1887
by Siegel, Cooper & Co. has induced and
given Warrant to the enterprising owners
to further ingratiate themselves into pub
lie favor by consolidating their two mann
moth establishments into cooperative
enterprise a pro1t-sharing basis.
They reooe nize the tendency Of the pres
ent age to be in the direction Of cooper
alton of employers with employees, as
we'll as in proht-sharing with patrons.
To accomplish this desired condition
new company, the Siegel-OOoper Go. CO.
operative Stores, New York and Chicago),
has been incorporated under the laws of
the State of New Jersey, with capital
stock of s24, OOO, 900, of which S14.25O-
900 is divided into 2e6,OOO shares 81
cumulative Preferred Stock of $50. 90 par
value, and $e,76O,OOO into 10000
shares Common Stock of $50. 90 par value.
The charter of the Company provides
that after full dividends of 81 per annum
have been paid on the Preferred Stock,
and full dividends of 81 per annum have
peen paid on the Common Stock, all addi-
tional dividends shall be apportioned and
paid on the basis of Is in amount on the
Preferred Stock and 90 in amount on the
Common Stock
To carry out the plan of cooperation
with it's employees 100000 of the
Common Stock has heen placed in trust,
the annual dividends Of which will be
distributed among such employees as
have been or may hereafter be with the
New York or Chicago establishment for
a period Of three years, during their salts
factory continuance in the service of the
new Company; such dividends will also
be continued and paid to employees for
life who, after ten years of service with
the new Company, become incapacitated
for further employment thereby practi-
cally providing pension fund for faithful
employees in their old age
To carry out the plan of Profit Sharing
it is proposed by the present owners, who
are the owners Of all the stock of the new
company, to offer to the public through
the undersigned 100000 shares fully
paid and non assessable) of the 81 cunu-
lative Preferred Stock at par; upon which
the full 6x dividend must always be paid
before the Common Stock receives any
dividend whatever, the Preferred Stock
also having q prior right to all the assets
of the company.
In order to give double assurance to
the general public, whom it is desired TO
interest as stockholders instead Of specu-
lators) and who may not be fully con-
versant with such investments, the money
required to pay dividends on said 100000
shares has been set aside and will remain
OF deposit with the Central Trust Com
pany Of New York and the Illinois Trust
and Savings Bank Of Chicago respectively
to secure the dividend Of Is per annum
payable 8. seni-annually, for period Of
Eve years l. G., until July 1st, 1905, on
all such Preferred Stock as may be aliot-
ted in their respective territories, and
each certificate OF stock allotted will
have an Endorsement by said Trust COM
panies respectively to that effect We
thereby offer not only an absolutely safe
Is investment but one which will without
question yield considerably mora