Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1901-05-18

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SEVEN PER CENT. CUMULATIVE AND CON-
VERTIBLE PREFERRED STOCK.
OFFERED BY THE UNDERSIGNED FOR SALE AT los PER CENT
FayaTS @ @ with ,o accrued dividend at the of per Ger" per %
gs9 per cent. May sA,1@o'
will engraved certificates
sS Ts nss, as s0on a. .oc they can be PREPARED s @ in ,
to the amount of its par value and accumulated dividends
further cent nonumuaye
It is Convertible into Common stoct share for share at the option
of the holder first May until and including May 1921
additional than
The certificate cone authority the Board of
Directors their discretion declare and dividends the Common
Stock with the Preferred Stock when earned and applicable
The fiscal May lst The Preferred
Stock Dividends payable quarterly commencing August lst 1901
The Alscmlmers Company represents the prop
builders heavy machinery:
T Tne Edwa;S .a p Al Co., of Mwantse va sc,Ad w' .
Dickson Mfg Scranton Exclusive OF Locomotive works.
All property acquired is to be conveyed in fee and free from mortgage
mortgage placed upon
seentyve per cent of the amount OF Preferred Stock outstanding
examinations that he estimates the value the
plants taking into % account the real estate s buildings m o. mashne % tG pat pat
Getting into full operation but estimating anything for good WILL at
further reports under April 5th 1901 as follows
of in comparatively in
the last eight and all the works are good condition and
security stock without
of the several companies long and Voy known all over the world
for the earning capacity the united companies will be substantially
Of which sun, sa5coooo will be expended in the cree,
| ton of an additional plant to double the present ca
! ~ the Alls works.
of existing pants owned in fee
free OF lien ''''''.. a9oWW
Total of tangible property soos5,ooo
The preferred against this poperyS SlG2ooo
all which issued or lieu of cash for the
be more than 81 per- cent in cash. and will be in property that
produces much than the cumulative dividend to which the preferred
or preferred stock the os
veye Company
mortgages for
remainder thereof being provided
stock already consummated
Jones Caesar Co., chartered @ who certify that the combined
bad debts but without
ana salaries exceeded the amount required to pay per cent
dividends upon $62oO preferred stock whilst for the last fiscal the
defined considerably exceed such amount
The net profits for the fiscal year ending May are estimated bv
the chief conpane without
increase manufacturing for the economies
preferred per on 500
dny anticipated by period
should pay dividends
that
$ld25oooo Of preferred stock and
S2ooooOo Stock with material addition the surplus
Ai Chalmers and plans
e
capacity declined that period much business they have been able
of e. p. &
G aged their respective
0 The Board Directors has been constituted follows:
IEDWARD ID. ADAMS, HENRY w. HOYT, Chicago.
CHARLES Milwaukee. JAMES II. ECKELS, Chicago
MARK n. J.. WILLIAM a. READ,
"a WILLIAM w. AIIIS Milwaukee, MAX PAM, Chicago
l.. Philadelphia, JAMES SrIIIMAN,
FRANK BIGELOW Milwaukee, EDWIN REYNOLDS,
!, ELBERr H GARY, New York coRNELlus VANDERBILT New
10 Nv. j. CHALMERS Chicago York
Aishamcrs
Messrs
OF
Icago.
Subscriptions the stock will be
1st day Of May subject the right reserved reject all subs
the time without
certificates
entire of this Issue underwtten
the properties business administration
its
security
agemen Of which We have entire confidence
VermilYe e, COmDany