The times. [volume] (Richmond, Va.) 1890-1903, 1902-10-11

1CSSO
the fact is cited that from pairs of shoes sold
in the year ending July l, 1898, the business has
steadily increased to pairs Tor the year end
ing july l. 1902, or more than million pair increase
The manufacturing plant is right up to date.
equipped with every modern device. About one-half
Of the present factory has been built ana equipped
with machinery and paid for in the past four years
new power plant, sufficiently large to meet al
demands that may be made upon it for several years
misunderstanding plant, facilities are provided for
largely increased business. The manu1acturlng
plant machinery, and all the 81 retail stores through
out the country are free from lncum brance OF any
sort and the company has sufficient cash on hand to
conduct business Of s5,ooo,ooo annually without
borrowing money.
Shoe Co. is owned by me. am the president OF the
corporation. am 81 years OF age, have no Other
large interests and desire to provide for the PerPctu-
1 am in perfect health, physically sound and
mentally active, and expect to continue at the head
of the w L. Douglas Shoe Co. as long as live. The
business has always paid good profit, and is now
paving better than ever.
1 believe that the best way to perpetuate the
business is to let the people it aud control It.
have therefore, capitalized the business for two
million dollars one million dollars OF which is pre-
ferred stock and one million dollars common stock
The preferred stock is offered the public at par.
The shares Of the value OF 500 EACH and will be
sold at their face value only All stock is sold by
direct.
at par is non-cumulative and preferred both as to
dividends and assets. Every dollars worth OF stock
more than dollars worth Of actual tangible assets
behind it.
This investment is the chance Of lifetime It
is as safe as savings banks government bonds and
returns the holder Of the stock double the dividends
Dividends will be declared semi-anually, pay
able On January Is and Juy Is, and will be payable
in funds current in New York or Boston.
There is nothing whatever of speculative
nature about the purchase OF this stock It old
established business, manufacturing staple article
of merchandise. The business has been continu-
ously successful for than quarter Of century,
and is prosperous to-day than at any period OF
its history It should be remembered that 1 am 70
remain president of the corporation, and that
retain a half interest in the business My interest,"
in the business is represented by the common STOCK
and cannot receive cent Of dividend on my
stock until the full per cent dividend has oeen Pa1o
on all the preferred stock.
AS safe, secure and permanent 1nsest1ne1 =
have never known OF anything better, ana = anu
president Of the Peoples Savings Bank ana o1rector
Of the Home National Bank both OF BrocSton, Mass
do not hesitate to predict that WITHIN one year
the stock will be selling at a premium
To my friends and patrons OF many years nm
hesitatingly recommend the pnrchase " tnls STOCK
as a safe, sound, conservative Investment
and Subscriptions are Solicited
LEGGED to examine and verify the companys statement
re every facility and verlhcatlon Will
avabe to and address all letters to
BROCK TON MASS