The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-04-21

The Mermod & Jaccard Jeweiry Company
Saturday absorbed the entire business, stock
> and good will of he Merrick, Walsh IL
Phelps Jewelry Company for a cash consid-
Grafton OF about s275,Wa.
According to the statement of Goodman
King. vice president and general manager
Of the Mermod & Jaccard company, his
concern is now the largest jewelry firm in
the world. Its stock is the largest, its floor
space the largest and its capital stock will
soon be increased from S59c.0oe to 5000 900.
1t is stated authoritatively that. the Com
moav'ealth Trust Company, OF which
Charles II. Turner is president. viii secure
the lease of the quarters at the southeast
corner CT Sixth and Olive streets. formerly
occupied by the Merrick. Walsh & Phelps
Company. and the uneXpired lease held by
the absorbed firm will be transferred to the
Mechanics Bank. which viii remove there
from its present location at the southeast
corner Of Fourth and Pine streets.
The deal for the sale was engineered by
Barr G. Widen. at whose Office in the Com
: mercial building Goodman King of the Mer-
mod & Jaccard Jswelry Company and. Har-
risol II. Merrick, president of the retiring
company. met and agreed upon the details.
BANKS ADVANCE
NECESSARY FUNDS.
The German Savings Institution and the
Bank of Commerce advanced the necessary
funds. The entire amount of the purchase
price will have been paid over to the stock
holders of the retiring company within three
days.
About s5o,Gao OF the capital stock of the
Mermod & Jaccard Jewelry Company will
be distributed among the employees of the
hrm, and il a measure it will be operated
on a cooperative basis. Nearly all of the
employees of the retiring firm will be re-
tanned b. the Mermod & Jaccard Company.
The stock will be removed to the Mermod &
Jaccard building in about three months.
In the contract for the purchase the SELL
ing firm agrees to retire from the jewelry
business in st. Louis. and the entire stock
will be concentrated at the store of the
Mermod & Jaccard Jeweiry Company, at
the corner Of Broadway and Locust street.
The deal is the largest of its kind ever
made. 1t is said to leave a clear field for
the absorbing company west of New York.
In point of magnitude the company now
SURPRISES Tiffany's in New York.
The officers of the MerYnod & Jaccard Jew
elry Company are: A. S. Mermod, presi-
dent: Goodman King. vice president and
general manager: c. T. Mathey, treasurer;
E.. A. Jaccard and r. o. Bolt. directors.
Officers of the Merrick. Walsh G. Phelps
Jewelry Company were as follows: Harrison
H. Merrick, president: Eugene r. Cuendet,
. secretary; William Walsh. director. The
capital and surplus of the firm amounts to
about $250.00O. MIR. Phelps retired from the
firm several years ago, and neither Mr..
Merrick nor Mr.. Walsh were prepared TO
make any statement concerning their future
plans. On OF the two may become identi-
fed with the Mermod & Jaccard company.
Mr.. Eugene Cuendet said Saturday that
he had not yet decided what his future
business relations would be.
GOODMAN KING
DISCUSSES THE DEAL.
In speaking Of the absorption, Goodman
King said Saturday:
We have purchased the assets, good will
ana everything pertaining to the Merrick,
Walsh & Phelps Jewelry Company, and also
the entire assets that came into their pos
session at the time of the bankruptcy pro-
csedings of the Eugene Jaccard Company.
I estimate the total valuation at $500. coo.
We have already paid part, and the bal
ance will be forthcoming within two or
three days: in fact, as soon as the state
ments and accounts have been verified. Our
representatives are now busily engaged in
checking up.
1.-THE deal was strictly upon a cash basis.
/ am not prepared to state. the exact
amount agreed upon. Having obtained
these institutions at a bargain and reaiiz-
ing the enormous outlay of money 1t is our
intention to dispose OF the stock at retail
as quickly as possible. We must have the
money to meet the obligations assumed. We
were assisted by the German Savings In
s~tituion and the tank OF Commerce.
CAPITAL STOCK
: WILL DE INCREASED.
son capital stock at present is s5oo.eo.