The daily morning journal and courier., 1901-03-20
AN OFFER TO EMPLOYES.
Made by the National Biscuit Compa

Made by the National Biscuit Company
 The directors of the National Biscuit
 company, desiring to supplement the in
 terest in it's welfare already shown by
 it's employees, have authorized the fol-
 lowing offer to assist employees in in-
 vesting their savings in the company
 preferred stock
 Any employe who wishes to buy ont
 share of preferred stock, to be paid for
 in installlnents, at price which will be
 quoted about twice each month, can
 make application to do SD to the mana
 ger of the plant with which the employe is connected on blank provided for this purpose, which can be had from the manager The first partial payment to-
 ward the stock must accompany the ap-
 plication, partial payments to be in
 amounts of five ($5OO) dollars or muiti- | pie thereof. The manager to whom
 partial payments are made will receipt
 for each payment to the employe. An
 account will be opened with the employe
 on the books of the company at it's gen.
 eral offices in Chicago, and all partial
 payments made against the purchase of
 the share of stock referred to will be
 credited to this account. Interest will l be allowed to the employe by the com- pany on each partial payment at rate or per cent, per annum, dating from the first of the month after it is made.
 As son as the employe shall make full payment for the share of stock, 1t will be transferred in the name of the em- ploye on the books of the company and the stock certificate delivered to him or her, without any additional expense. af- ter which any dividends declared on
 such stock will be paid to the employe,
 who then has vote at the meetings of stockholders of the company. Any divi-
 dends which shall have accrued on the share of stock between the time it has
 been bought by the company and the
 date on which If is transferred to the employe, will be given to the employe
 when he or she makes full payment for 1t, less interest at the rate of per cent. per annum on the amount the company has paid for the share, this interest to be computed from the date of applica- ton from the employe for the acquire ment of the share to the time when it has been transferred to him or her. It is understood that the employe does not become the owner of the share of stock purchased until 1t is paid for in full. Should the employe allow six consecu- tive months to elapse without making any partial payment, interest will cease to accrue and the sum to the credit of the account will be returned to him or her upon application therefor. Should full payment for the share of stock in question not be made by the employe within two years after the application Is received, the company reserves the 1 right to cancel the arrangement by re- l turning to the employe the amount he ! or she has already paid in, with accrued | Employees making payments { on the foregoing plan and for any req son, desiring to discontinue them may { have their money returned, with ac- crued interest. by making application to the manager by whom they are em- ployed. In case an employe leaves the Ol iilc tuiiipeihy ioi dby ne or she must then pay up In full for he share which has been subscribed for md receive a certificate therefor. or ake the money stapdng to his or her account, with accrued interest.
 The foregoing does not preclude the purchase of stock for cash by employees through the general offices at Chicago in employe who has not already an application for share of tock on the installment plan which is lot fully paid for, can at any time make application for one or more shares of tock not to exceed five, for cash, The rice of the stock will be furnished by nail or wire upon application from the ocal manager, so the exact payment an accompany the application. The { ompany will pay all expenses connect ( q with cash purchases of stock of this { ature for employees up to five shares, { ut reserves the right to discontinue l his part of the arrangement at any $ ime The managers of the various plants ! nd selling agencies will furnish de- : ailed information in regard to the fore . oing plan or answer any questions it when they are asked to do 3. Of the preferred stock of the corn- { any there is now $23,S25,10000 out | owned by 2,492 persons, more nan one thousand of whom are women. his stock has paid for the past three ears, and Is now paying dividends at le rate of per cent. per annum, or lat ar cent. every three months The mar ct value at the present time is about F 50 per share The officers, directors, and ex-managers of the Iants. and their families own over $10,- 0, 000.00 of this stock. It is the earnest asire of the officers and directors of the ,mpany to have every employe associ- ed with them in the ownership of the lsiness, that there may be commu- ty of interest existing between all ersons connected with the active work
 the company, from the chairman of s board of directors to the youngest an or woman on it's pay-rolls. ARRIVING CONCEALED WEAPONS'I