The Washington times., 1902-03-25
FINANCIAL.
FINANCIAL.
Extraordinary Opportunity
for Investors!
Valuable Securities at Auction.
Public Sale OF Profitable Newspaper Property
Controlling Interest Of the Philadelphia Record.
SALE, MAY Is, 1902.

GALL, NlAI lOOA.
By eastern
District of Pennsylvania April Term 1899 No 81 entered Au
% 1901, will for sale public auction
THURSDAY May H. 1902 at room FOL in the Philadelphia Bouse
at Philadelphia, Pa, the following securities:
Nine thousand and fifty (9,05O) Shares
of the capital stock of The Record Publishing Company of Pha
depha Pa value hundr ed dollars $500 per share and
four hundred and seventy thousand dollars
(S47O0O0) first mortgage Bonds
x 6 cent? interest payable January and July executed by
The Record Publishing Company and maturing July L. 1880 Said
securities will be sold all claims and liens
of all the parties to this suit and of all parties and
claiming by, through, under them
The of sale will be follows:
All said stock will be offered first parcel and all of
said bonds parcel No bid will accepted said bonds
less than the value thereof and their accrued interest The
bonds before the struck off such purchaser unless he
shall purchase both stock and bonds which the
money first paid shall the second purchase
The purchaser of said property shall in cash the of
s5ooOoo to The Special Master Commissioner within ten days a
be applied for IT, the shares and bonds be
hundred thousand dollars which represent pro
portion the amount of his bid shall bear to the aggregate bid for
shares and bonds The balance of the purchase be paid
equal insaments the
SALE evidenced promissoy pur
chaser bearing interest at from the day of sale payable
to the Special Master Commissioner and to be secured by the de
post the registry said all tie stock and bonds pu
chased but for the certificates of stock so sold the purchaser
certificates be issued in his the be
forthwith deposited with of attorney security
If the purchaser purchasers shall fail comply with the
of the bid order of the relating the
nation of said purchase then the paid in by said purchaser
purchasers shall be forfeited as penalty for noncompliance If
such deposit shall be returned to the bidder:
Claims against William snge secured by said stock and
bonds received the Special
of the to be paid the purchase of said
such price value would be equivalent the dstrbutive
that the holders
in the entire amount of the bid paid in cash
Incorporated Pennsylvania
publishes daily and Sunday The capital of the
pany S1OooOoo divided into 10000 shares of
which will sell $3.50 shares There funded debt of 100000
first mortgage per bonds July $780,
sell s470OOO bonds Above bonds mortgage
upon real estate rights and other property therein mentioned and
of of ground in the bust
centre of Philadelphia and situated the Post Office
5 feet wide by about hundred and forty three depth
The lot contains in front said Chestnut Street fifty go
Street distance of hundred and twenty ODD feet In the
of the building piece of ground fifty 900 feet in width and
800 feet depth which would
uction of additional buildings upon which heavy foundation
walls been The granite building
cuped part by The Record Publishing Company
ing space rented at an annual rental of over $4,000
The Record Publishing Company complete irstclass
extuple and sixteen Mergenaer linotype machnes
Gcien for printing sixteen 80 page daily newspaper
copies An important part of the equipment has been purchased
within the last three out of the earnings Of the Company
for which about Sl5oOoo has been expended The Record Pub
fishing Company also owns the Associated Press franchise
The profits for years commencing July
ending June oh 1901, without deducting
debedr'ss, average for each year. s2i2SGs.49.
The advertising patronage of THE Record is and for
many years past very large profitable The proper
N without doubt of the most valuable newspaper proper
Interest its bonded Indebtedness is paid January
1902 It's Indebtedness outside of its bonded debt is relatively
small and can be paid of cash hand (Which January
1902 amounted SOB and
the earnings of the 1895 S200000
previously existing has been paid full and valuable and
improvements made
Detailed information will be furnished intending purchasers
to
pamphlet has been containing picture building copy
bond reports Edward Moxey, expert
and special expert of the Comptroller of the Currency of the United
of H. H. Gust of the New York COMMERCIAL
detail columns
advertising each month July 1892 January
inclusive: description of real and plant
equipment and all other necessary information. opportunity
like application will he afforded intending purchasers
reasonable the plant may
be
Address all enquiries to
at.. JAMES NJ BECK
Special Master Commissioner,
OFFICES ROBINSON KANE
si2 GiRARD BUILDING, PHILADELPHIA
NJ. THOMAS & SONS,
tuctio