The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-01
financial
LInSEED COMPANY.

New York. May 20. 1901
. ~ kAs Stockholders Of the
AMERICAN LINsEED COMPANYs
HE Board Of Directors are pleased to re-
port to the stockholders that after mature
co .s1deraton and elaboration a most de-
s.Iable arrangement has been effected for
N exchange Of the stock Of the AMER
ICAN LINSEED COMPANY for the stock
Of the UNION LEAD AND OIL COMPANY.
T capital stock of the Union Lead and
OH Company. including that necessary to
acquire all the capital stock Of the Amer
lean Linseed Company on the terms here
matter mentioned. to be Seventeen Million
Dollars G17. 100000. said stock being all Of
enc class. Common Capital Stock. one hum
dred and seventy thousand Q70, 900 shares,
Of one hundred dollars 600 each.
The stock OF the American Linseed Com
pany shall be deposited under the agree
ment-copies Of which are on hle with the
depositaries 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
shall receive F~orty-eight Dollars
O4S) in the stock Of the Union Lead
and OIL Company.
Each share Of the Common Stock
Of the American Linseed Company
shal receive Eighteen Dollars
((16) In the stock Of the Union Lead
ma O1l
he Union Lead and on Company re-
yes the right to refuse to make such
Echange unless there Is deposited for such
Sxchange two-thirds C-0 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 signi0ed their approval Of the ar
xangement and your Board OF Directors
urge thu prompt acceptance thereof by the
balance Of the stakeholder.
Certificates Of stock. duly and regularly
assigned and tndorsed In blank, duly wit
Messed. with proper revenue stamps at
Q for transfer. should be deposited
With the NEW YORK SECURITY AND
HRUST COMPANY, NO. 40 WALL
STREET, NEW YORK CITY, or the
IILIIu0IS TRUS AND SAVINGS BANK,
CITY OF CHICAGO, upon deposit of which
franaferahle receipts will be issued, ex-
changeabls for the stock OF the Union Lead
and Oh Company upon the contamination
DEPOSITS lust BE MADE ON OR
DHV0RB THE eth DAY OF JUNE, 1901,
aftar which date no deposits will be re-
Doav0d except In the discretion Of the Board
e Directors Of tho Union Lead and Oil
0ompeny and ON such terms as they may
b authority Of the Board of Directors.
@. LABOR, President.
= New York. May .. 1901
h ~ Aeekkasdes Of tie
AMDnlCAN LIN6EED COMPANYs
= ne undefsigned, stockholders Of the
'ARD2IOAN LINSEED COMPANY, having
NearsfuIly considered the proposed arrange
\Qnt between the stockholders Of the Amer
lAnseed Company and the Union Lead
Qn Company. have decided to exchange
tock - per said arrangement for the
Of the Union Lea and OIL Company.
believe that the contamination of the
posed arrangement will decrease ex-
snseo q lower the cost Of manufacture.
s0uiting IN larger net earnings applicable
b dfvidendA
4 Inasmuch a. the Union Lead and OIL
Company have reserved the right to refuse
70 make such exchange unless two-thirds
% Of each class OF stock of the American
lanseed Company II deposited, We urge the
prompt deposit Of your stock
Faithfully yours,
GUY G. MAJOR.
FRANK II. RAY,
p. ORR.
n. EDDY.
JOHN L. SEVERANCE.
CONFER z.
G. METZGER.
JOHN W. hrs
ROBERT H. ADAMS.
JOHN w. DANIELS.
4. q. EDWARDS 4 SONS Of No.. A12
0lave Street. 81. Louis, will receive and |
forward certificates Of stock to the deposit |
eogY without cost to advertisers.
Il