Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1900-04-05
STOCK WILL BE ADVANCED
First Annual Meeting of American Con-
fectionery Company Shows
Promising Condition.

l
| The FIRST annual stockholders meeting
OF the American Confectionery company,
OF Montpelier and Boston, Mass, was
held Tuesday, March Il. at 10 O'Clock a.
m. in the rooms in Blanchard block for
mcrly Occupied by the Vermont Telephone
company for the purpose of completing
the organization.
| Mayor Joseph G. Brown was made tenn
'porarv chairman and eX-Mayor George
W. Wing temporary secretary. The ny
laws of the company We're adopted and
the board of directors We're authorized to
issue additional capital stock over ami
above the amount already subscribed for
the purpose of opening new and purchas-
ing established properties.
The stockholders voted to create a
board Of u directors and the following
named officers, "A president, first vice-prcs-
idcnt. second vce-president. secretary,
treasurer, general manager and three au-
ditors.
Al tho directors meeting at O'Clock p.
IN. the organization was completed ny the
detection of these officers for The ensuing
year:
President and general manager. w. A.
Lane OF Boston: first vice-president. May
or Joseph q. Brown of Montpelier; second
Vicc-prcSident. ID. Il. Frovan of ProVi-
d"ncc: secretary and treasurer, Hon. q.
w. Wing of Montpeiier directors, Hon.
g. j. Fell of Walden. b. l.. Kent OF Bur
hngton. James Nirdin of Don n, Del
There are five vacancies ON IN" board Of
directors to be filled.
\ committee was appointed on contract
and agreement consisting of President w.
\ Lane j &. Erown and =. l., Kent.
which was authorized 10 proceed to So
cure established properties and begin ac-
tive operations al once and also secure Il
Superintendent. The directors also Vo.ed
to Offer an additional 5000 shares capital
stock. beginning April NJ, at par value, 81
pei share. Unit. further notice, and that
on and after that date no more company ;
stock Will be offered at les than par
value.
The American Confectionery company,
as the names on the dirvctorat" show. is
la Vermont company, backed ny Vermont
'capitaLThc headquarters OF The company
are in this city and i;oStun. and most of
the business thus far in organizing has
been done from Montpelier.
The company Is organized under the
= laws of Delaware. with a capital stock
81 sl,w0ooo, tor the purpose Of establish
ing and operating confectionery store, in
2 any part of the country
In starting business the company viii
conflnc itself to Boston and New England,
but later intends to branch out.
The first -0.00n shares which We're offer
ell for promotion purposes has with TN"
exception of between 5000 and i0o0 bee
either paid in or subscribed for. They
, were offered to the public at half the par
value. The stock mas been subscribed for
, by some Of the best people in Vermont
who are not accustomed to going into
/ things unless they arc fully acquainte d
with what they are doing
!, the committee on contracts and agree
mcnts will go to Boston in a few days to
|. complete arrangements for taking 'he
first properties. and active operations will
\ begin by April at the latest.
The business OF the company will lie
= strictly a cash business. stores will h.
established in communities capable OF
, furnishing an enormous trade. Options
have already been secured on establish,
:, properties. and these will now be turned
over TO the new company. The company
- viii make all its own goods and sell di-
rect to the consumer, thus saving inter
V mediate dealings and thereby making
greater profits.
d Investors who have looked into the en-
.terprise have been gratfied with the re-
= suit Of their investigation. The company
$ desires the fullest investigation possible
d believing that it's business Is capable TT
# standing on its merits. The company
r stock Is not offered as a speculation bu
a as an investment.
i Those who have studied the Confection
cry trade in the United States say tina
N there are Tower failures in this than il
4, any other Industrial line. 1t is pontc'
IL ont that more money is made and sure
n
Ia ness than in any other industry.
=, The company advcrtiscs the stock as al
&C eight per cent Investment. The capita
so utilized to start with is not very large
a but as new properties are taken il will h
"a increased. However, it will be the polio
SO of the company to strengthen It's positio
NJ by putting the earnings into new bushes
,t rather than by the issue Of more STOCK
when such can be done
nd An Evening Argus reporter Intervene
of an officer of the company this mornin,
Said he: This company has been organ
lied for the purpose OF buying, scllin
4 and manufacturing a general line of cor
fectionery and goods of a similar natur
ana for the purpose of opening, maintain
ing. operating and acquiring by outrigt
~ purchase any number of established r,
n tail confectionery stores, together wit
such manufacturing plants may
' necessary 10 supply the same in sue
cities and towns as may be decided upo
y providing constantly increasing strict
! cash business, steadily and permanent
4 profitable
\ THE company's business affairs are an
will continue to be conducted by boar
of 70 directors elected from the stool
holders, whose policy will be the mo
Y vigorous prosecution of every intere
\ that will secure the largest returns fro
the smallest outlay of capital consste
with progressive, up-to-date methods.
wv. A. Lane. the president of this cor
pany, has had many years experience
the confectionery business and there is
part of it witt which he is not fully co
' versant, He commenced the format
- and promotion of this company abo
- three years ago, since which time he h
given his whole attention to matters 60
nected with this enterprise.
( His acquaintance with the conf,
tionery business, especially the retail 1