The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1902-10-04
w, L. DOUGLAS,


fe, Sound, Conservative Investment. q"
the fact is cited that from 72 1924 pairs of shoes sold
in the year ending July 1, 1898, the business has
steadily increased to 79s 600 pairs for 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 and equipped
with machinery and paid for in the past four years
A new power plant, sufficiently large to meet all
demands that may be made upon it for several years
installed two years ago. With the existing
manufacturing plant, facilities provided for
largely increased business. The manufacturing
plant machinery, and all the Ga retail stores through
out the country free from incumbrance OF any
Sort and the company has sufficient cash on hand to
conduct business of S5,0oo,Ooo annually without
borrowing money. ~
Shoe Co. is owned by me. I am the president Of the
corporation I am 81 years OF age, have no other
large interests and desire to provide for the perpeu
alton of the business.
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
paying better than ever.
I believe that the best way to perpetuate the
business is to let the people it and control it.
1 have, therefore, capitalized the business for two
million dollars, million dollars of which is pre-
ferred stock and one million dollars stock.
The preferred stock is offered the public at par
The shares are of the value of So0 EACH and will be
sold at their face value only All stock is sold by me
direct.
The preferred stock which is offered to the public
at par is non-cu1nulative and preferred both to
dividends and assets. Every dollars worth of stock
offered the public in this successful business has
than dollars worth Of actual tangible assets
behind it.
This investment is tie chance of lifetime. 1t
is as safe savings banks government bonds and
returns the holder Of the stock double the dividends
Dividends will be declared semi-anually, pay
able January Is and July Is, and will be payable
in funds current in New York or Boston.
There is nothing whatever of a speculative
nature about the purchase of this stock 1t is old
established business manufacturing staple article
of merchandise The business has been continu-
ously successful for than quarter of century,
and is more prosperous to-day than any period of
its history. It should be remembered that am to
remain president of the corporation and that
retain half interest in the business. My interest
in the business is represented by the stock
and I cannot receive cent of dividend my
stock until the full per cent dividend has been paid
on all the preferred stock.
AS safe, and permanent investment,
have known Of anything better, and
president of the Peoples Savings Bank and director
Of the Home National Bank, both of Brockton, 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 I'M
hesitatingly recommend the purchase of this stock
as safe sound, conservative investment.
and Subscriptions are Solicited
legged to examine and verify the companys statement
every facility for examination and verfcation will
ayable to and address all letters to
3ROCKTON, MASS