The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1901-05-19
The Edward P. AIIis Co. of Milwaukee. Wis.
Fraser s Chalmers, Incorporated, of Chicago, III.
Gates Iron Works, of Chicago, I'll.
Dickson Mig. Co., of Scranton, Pa.
Exclusive Of Locomotive Works.

All property acquired is to be conveyed m fec ma rec from uortgage or
9e q g@ can b placed 3o as geoasrs without the assem- Of % per
a#an sa@o{ Of I'M ne n DG' oss 6 a@t he eim9ts ets value Of n paas eaA1ns
u ind S6e plants an rgna8s o. q 1 4BT fullest Jules D sso.@ -s 04 TSs ea+ n5so +.
seven Or eight years and all the works are in good eonddon ana rlanIz mgo6-
The security Of the Preferred stock rthou my soasasr-4aa for tn. al
earning capacity OF the united Companies win be su6sanraly .oSows
O which sum a5oao win be expended n the erection Of an ID
valuation as above Of existing plants owned infss and free orna-~- aa@oo
=, Total present value Of eaagea property sa4soa
than their valuation as above stated ana Of which total issue there Wi be
o. the Total Preferred stock s2aoe has been accepted by the original Com
e eampan p hs The % s saaa IN p% @a 0s5ns s a5 5F 5asF PT f%8st g 6 5% S9ayS %s e e. @ aA
the ramanag thereof being provided By the sale Of common stock areadv con-
The aaeoms Of the several concerns have been examined by ue=z Zones
Caesar & co-char@red a"oamams who certify chat the combined o~as Of
fns9 g G9%o @rs+ IN eeh ct p at 5 NO asssly years after making @l nroyts
%%t @ @a@ s[s@a a@ te o mems m@%T p %G #noot 6Rn43g Interest aa mnass-
q5att a 1T@ a%Psat Fe@ %a amount amount 1t was vas, lot uml He last 9ear
Of mamflst1rng cpaoy. or for he 9conordel o onsofaa+fo or incresss oS
Preferrsd stoas ana about 4per cent n ao@@oo Of common stsS 5aoa91
pay per cent dividends on both es5es Of stoeS " mount
The anne omeas similarly ssfna9e that mon the completion Of the SECTIONAL
Per emit 3 sssnoo q Pnpersd sto:Em and 70 per cent on aaoo6o Q comm.n
the Ans Fraser & chalmers ana GATES Fonworas plants have been oDer-
me business Of eRese concerns Win more than o pr cent increase Of ca
Dasb md ample ASH capital win ns e9aagoed by The Neags ANS ad R@-
Gates and. Hyt Of Gates Iron works who have successfully managed their re-
spedve works for many years
The Board Of. Directors has been constituted as follows:
EDWARD D. ADAMS, New York. CHARLES ALLIS Milwaukee
MARK z. cox. Orange N j. WILLIAM w ALLS. Milwaukee
WA L. ELKINS. Is. PhnaddphH- FRANK BIGELOW, milwaukee,
EBERT H GARY, New York N.J-CIALNERS, Chicago
HENRY w HOYT Chicago JAMES II ECKELS, Chicago
WILLIAM A. READ. New York. MAX PAM Chicago
JAMES sTILIALAN. New York EDWARD REYNOLDS Milwaukee
CORNELIUS VANDERBILT, New York
The regularity of the Incorporation Of the Ani%Chahmes company and the
aHdtv of the issue Of it's securities are certified to by AIessrs. Strong & Cad
WaIader of New York and @NIe&% Pan, Calhoun & Glennon Of Chicago
me account of the company will be- regularly audited by chartered account
ants.
SUBSCRIPTIONS FOR THE ABOVE-DESCRTBED PREFERRED STOCK
WILL 81 RECEIVED AT THE OFFICES OF THE UNDERSIGNED. UNTIL
TIE CLOSE. OF BUSINESS on TUESDAY FILE GST DAY OF MAY. SUB-
jet TO THE RIGHT RESERVED TO REJECT ANY OR ALL SUBSCRIP-
TONs. AND TO. CLOSE THE SUBSCRIPTION AT ANY TINE WITHOUT
NOTICE TEMPORARY RECEIPTS WILDE ISSUED PENDING THE
PREPARATION OF ENGRAVED CERTIFICATES
The entre amoun Of this issue has been UNDERWATER p
After personal investigation with the asastanee of experts {n their respective
lines. Of ne properties business and executive administration to % represented
by the AIE-chanes company we recommend its preferred stock unnufac-
turing Investment in the security earntugsa and management OF WMch.W We have
entire confidence.
Vermilye & Company,
NEW YORK AND BOSTON.