Hopkinsville Kentuckian., 1900-08-17

Something About the plans Of the
Kugler Syndicate and It's Stock
Offer to Investors.


money, according to the amount Of
capital actually invested, as do the
FIVE and ten-cent stores. OF the
three hundred and forty in ex-
istence in the United States alone
none has ever failed, but, on the
contrary, all are doing very
prosperous business. The chief
reason for this agreeable condition
of things is due to the fact that
they are all owned by syndicates.
which control from twenty to sixty
stores each, and when buying their
goods they have to obtain such a
large stock that very substantial
discounts are given. which in turn
serve to yield handsome profit,
even though the retail price of the
goods is below that usually
charged by outside stores. The
number of articles that can be sold
for five and ten cents is truly
amazing, and therefore the stores
have a remarkably large patron
age.
For over a year The Rugler Syn
dcate has operated a store at
Richmond, Va. where it has had
such a decided success that it is
not only fitting up another one in
the same city, but it also prepar
ing to open stores at Charlotte,
Roanoke, Raleigh and Greensboro,
N. c., and other good Eastern and
cities. For the purpose
of successfully operating the large
system to be built up, the Syndicate
has been Incorporated under the
laws of the State of New Jersey,
with a capital stock Of S150,OO0, of
which S50,000 is common and $780,
900. preferred stock. The par
value of the shares is $780,, and the
preferred stock Will have a priority
over the common stock in respect to
all assets of the company.
A limited amount of this stock is
now being offered for subscription
at par, a 20 per cent bonus in COM
non stock being given with all sub
scriptiOns to the preferred stock.
All proceeds of the sale of the stock
will be used to exteDd the business
and open more stores, and all the
stock in the Richmond store goes in
as common stock, and as security
70 the purchasers of preferred
stock. The owners of the old busi-
Tess take entire payment for their
in common stock, which is
placed behind the preferred stock,
md the affairs of the company will
De managed by a board of Ave di-
-ectors, who will be elected by the
stockholders. ALL stock will be
.ully paid and non-assessable, and |
under no circumstances will the |
part with more stock than
It believes necessary to fully carry
out its plans FOR opening new stores.
the whole matter is a
proposition from the start,
and not a stock-jobbing scheme.
Among several important items
to be considered in connection with
the FIVE and ten. cent store may be
noted the following: The manu-
facturers. merchants and importers
supply this trade at net prices,
dating, while there is no
danger Of overlooking on season
able goods. The gross sales of the
up-to-date FIVE and ten-cent stol e
range from $4,000 to 100000 per
year, according to the size of city
and stock. the average profit is
about so per cent. while the ex-
penses of operating is compara-
lively small, rent being the largest
single item. Some few managers
work on a salary together with
share of the net profit of his store.
The dominating parties in The
Kugler Syndicate are men of the
highest character aud standing,
and have had years of experience.
also being able to furnish bank
references from several States and
hundreds of commercial references.
The officers are: Henry e. Holmes,
President; Frank Swansburgi
Vice President, and Jeremiah H.
Kugler, Secretary and Treasurer