The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-03
financial
AMERICAN uInSEED COMPANY.
New York. May 20. 1901.
OF the

New York. May q. 1901
70 ~, Stockholders OF the
AMERICAN LINsEED COMPANY:
The Board of Directors are pleased to re-
port to the stockholders that after mature
consideration and elaboration a most de-
sirable arrangement has been effected for
an exchange Of the stock OF the AMER
1CAN LINSEED COMPANY for the stock
of the UNION LEAD nj OLE COMPANY.
The capital stock Of the Union Lead and
OIL Company. including that necessary 10
acquire all the capital stock of the Amer
lean Linseed Company on the terms here
matter mentioned. to be Seventeen Million
Dollars 017.o0o.OoO said stock being all OF
one class. Common Capital Stock, one hun
dred and seventy thousand Q7o 5000 shares.
Of one hundred dollars 600 each.
The stock of the American Linseed Com
psny shall be deposited under the agree
MICROSCOPES Of which are on file with the
tlepositaries hereinafter mentioned-to be
exchanged for the stock Of the Union Lead
and Oil Company on the following basis or
terms:
Each share of the Preferred stock
OF the American Linseed Company
b. shall receive Forty-elght Dollars
Qe4s) In the stock of the Union Lead
and OIL Company.
Each share Of the stock
of the American Linseed Company
shall receive Eighteen Dollars
a t*1SD in the stock of the Union Lead
~ W
The Union Lead and Oil Company re-
serves the right to refuse to make such
exchange unless there is deposited for such
exchange two-thirds t2-5 of each class of
stock of the American Linseed Company.
The holders of large amounts Of the stock
OF the American Lnseed Company have al
ready signified their approval of the ar
rangement. and your Board of Directors
urge the prompt acceptance thereof by the
balance of the stockholders.
Certificates of stock. duly and regularly
assigned and Endorsed in blank, duly wit
messed. with proper revenue stamps at
tached for transfer. should be deposited
with the NEW YORK SECURITY AND
TRUST COMPANY, NO. 40 WALL
STREET, NEW YORK CITY, or the
ILLINOIS TRUST AND SAVINGS BANK,
CITY OF upon deposit of which
transferable receipts will be issued, ex-
changeable for the stock Of the Union Lead
and OH Company upon the consummation
of the arrangement.
DEPOSITS MUST BE MADE On OR
BEFORE THE 5TH DAY OF JUNE, 8Ol
, after which date no deposits will he re-
ceived except in the discretion Of the Board
of Directors Of the Union Lead and Oil
Company and on such terms as they may
prescribe.
BY authority Of the Board of Directors.
GUY G. MAJOR, President.
New York. May %. 1901.
70 the Stockholders Of the
AMERICAN LINsEED COMPANY,
The undersigned. stockholders of the
XMERICAN LINSEED COMPANY, having
drefully considered the proposed arrange
ment between the stockholders of the Amer
lean Iinseed Company and the Union Lead
and Oil Company, have decided to exchange
ou- stock as per said arrangement for the
stock of the Union Lead and Oil Company.
We believe that the contamination of the
proposed arrangement will decrease ex-
penses and lower the cost OF manufacture.
resulting In larger net earnings applicable
to dividends
Inasmuch as the Union Lead and OIL
Company have reserved the right to refuse
TO make such exchange unless two-thirds
(2-0 of each class of stock of the American
Iinseed Company is deposited. We urge the
prompt deposit of your stock.
Faithfully yours.
GUY &. MAJOR.
FRANK II. RAY
WILLIAM r. ORR,
AUGUSTUS n. EDDY,
JOHN l.. SEVERANCE,
CONFER f.
GEORGE q. METZGER,
JOHN W.. HlRST,
ROBERT H.. ADAMS,
JOHN W. DANIELS.
A. G. EDWARDS 4 SONS Of No. All
, Olive Street. st. Louis, will receive and
forward certificates of stock to the deposit
tory without cost to advertisers.