Evening star., 1900-08-08
EADYTOBEGIN OPERATIONS
STANDARD BUTTERINE co. PRO-
CrREs PERMIT FOR BUILDING.
Structure to Be Erected Mt Cost OF
S3O.OOO-The Prospectus
Issued.

Early in July there was extensively cir
culatcd among tinanciers and others 'i
Washington the prospectus OF the STANDARD
Butterine Company. 1t was signed py w.
p Wilkins, president, and upon the htle
page was the announcement that the COM
pany was incorporated under the laws of
the state of West Virginia, with capital
stock of 81 1,GoO,O00.
The prospectus contained a statement of
the. exact cost of and profits in the manu-
facture of butterine. as follows:
Cost Cshowfng proportions used for each
100 pounds: Olco. oil, 20 pounds, at 3ia
cents per pound, S3.04; neutral lard, il
pounds, at s12 cents per pound, s.. i4l2; cot
ton oil II pounds, at > cents, So cents;
milk II pounds. at l cent per pound, II
cents; salt, pounds, at Il cent per pound
3la cents; moisture, 10 pounds. at 90 per
pound. 90; cost per 100 pounds, SOD. La
Dor, parchment paper, tubs, &c, Sl.3s; in
ternal revenue, 2 cents per pound, 81; total
cost SS92
The above cost. when deducted from the
market price of $13 per 100 pounds, shows
net profit of S4.hS.
1T will be seem" said the prospectus,
that even if the company produced only the
400 900 pounds per month for which it now
has definite orders. a net profit of over
slG?22o a month, Sl95,S40 year, would
be assured
The CaD1tal1zat1On
The prospectus. continuing, stated that
the million dollar stock was divided as
follows: Five thousand shares, preferred
full pat, worcestershire; par value, 500
per share; s5NO,OO; 5000 shares common
stock, $4,000.
The prospectus declared, also, that pre-
ferred stock was guaranteed to pay per
cent per annum and that the common
ought by conservative estimate, to pay
''at least Is per cent after the first year
% business"
After a long dissertation on the super
iority of "butterine" to genuine butter and
a reference to the statement of DR. Wiley,
chief chemist Of the Agricultural Depart
ment, that "oleomargarine' was a nutri-
tious and wholesome article of food, COM
posed practically of the identical ingre-
dents of butter'-the only place in the
prospectus by the way that the word "oleo-
margarine was used-the document con-
tinued follows:
THE preparations of the Standard Butter
inc Company to engage in the manufacture
of butterine ample and comprehensive.
The president of the company, Mr.. w.
p. Wilkins, has been engaged in the but
terine business for many years, and is GER
tainly thoroughly competent to place the
company on an immediate paying basis
THE company has secured eight and
three-quarter acres of ground on the Balr-
more and Ohio railroad, within sight OF the
Capitol at Washington. D. C. This tract
Is known as the Clark Mills property, and
is especially adapted to the purpose OF
making butterine account of its mex
| haustible supply of perfectly pure spring
water.
Mr.. Wilkins has just returned from Eu-
rope. where he made careful examina-
| ton of all the great butterine manufacto-
rles"
Thirty-ThOusand-DO Structure.
| A few days ago the company, through
| Mr.. Walter P. Wilkins, its president, who
| in turn was represented by Builder George
c. Hough, applied for permit to build g
| $4,000 structure on the Clark mills prop
| erty fronting the Bladensburg road. To