The Washington times., 1902-05-05
FINANCIAL.
Extraordinary Opportunity
for Investors!
Valuable Securities at Auction
Public Sale of Profitable Newspaper Property.
Controlling Interest Of the Philadelphia Record.
Valuable Securities at Auction.
SALE, MAY Is, 1902.

BY decree of the Circuit Court Eastern
District of PENNSYLVANIA April Term 1s99 No. 81 entered Au
Thursday May Philadelphia Bourse,
at Philadelphia Pa, the following securities:
Nine thousand and fifty (oO5O) Shares
of capital Publishing Company
depa Pa value hundred dollars $500 per SHARE and
four hundred and seventy thousand dollars
(s470O00) first mortgage Bonds
x per cent? payable January July by
The Record Publishing Company maturing July 1890 Said
securities will be sold from claims interest
of all the parties this suit and of all parties and
claiming by, through, under them.
The of sale will be follows:
All said will first as parcel all of
said bonds parcel No bid will be accepted said bonds
less than the mar value thereof and their accrued interest The
of sO0O shall be paid by the purchaser of said stock
bonds before the is struck off purchaser, unless he
shall purchase both stock and bonds in which the
money first paid shall the second purchase.
The purchaser Of said property shall in cash the sum Of
S50OOOu the Special Master Commissioners within days af
ter such sale the expiration of which period confirmation of sale
be applied for IT, however, the shares and bonds be
of the five hundred thousand dollars which will represent the pro
portion the of his bid shall bear the bid for
shares and bonds The balance of the purchase price be paid
in equal nsaments in three and six months front the date of
sale the be evidenced by promory of the pu
chaser bearing per from the day SALE payable
the Special Master Commissioner and be secured by the de-
post the registry of said of all tie stock and bonds
chased but for the certificates stock sold the purchaser
certificates to be issued in his the to be
forthwith deposited with of attorney security
If the purchaser purchasers shall fail comply with the
terms Of the bid order of the court relating to the
nation of said purchase then the paid by said purchaser
purchasers shall be forfeited penalty for compliance
which made confirmed by the
such deposit shall be returned to the bidder.
Claims against William NJ Singery secured by said stock and
of the be paid the purchase of said property
such price value would be equivalent 10 the dsrbuve
that the holders of said claims would be entitled
n the entire of the bid paid in cash.
The Record Publishing Company of Philadelphia is
pany soOo6oo divided into 10000 shares of 800 each of
mortgage per bonds due July t $780, of which will
sell $4,000 bonds Above bonds secured by mortgage
described
of Philadelphia and situated the
m t wide NV about cnc bnndrcd and d in denI
contains in said Chestnut Street fifty
depth from Chestnut Street called Ludlow
distance of hundred and twenty coo
rear bndng piece ground fifty
sixty depth which would be available the
The granite building referred
cuId in part by The Record Publishing Company and the
ing space reHted at an annual rental of over $4,000
and modern equipment ncudng oss sexe and four Hoe
fcien printing sixteen daily newspaper of 25OOOO
copies An important part of the equipment has been purchased
within years earnings of the Company
which about sl5OOOO has been expended The Record Pub
fishing Company also the Associated Press franchise
and ending 80 1901 deductng bonded
Indebtedness, average for each year. S24z, 86s. 49,
The advertising patronage of 1.-The Record is and for
many years and profitable The
without doubt of the most valuable
Interest Indebtedness paid January lst
Its Indebtedness outside of its bonded debt relatively
be paid out of cash hand (Which January
1902 amounted 3sl963 large cash balance
the earnings of the since 1898 mortgage of 0O0O
previously existing has been paid full and valuable and
improvements made
Detailed information will be furnished intending purchasers
application the Special Master Commissioner For this purpose
pamphlet has been printed containing of building copy of
bond full reports of Edward MOXcy certified expert accountant
special of the Comptroller of the Currency of the United
States II. II. York Commercial"
giving in detail gross receipts net income and columns
advertising for each month from July 1892 To january lst
ncusive description of real plant mechanical
equipment and all other information An opportunity
like application will he afforded intending purchasers to make
reasonable examination of real and plant
be necessary.
Address all inquiries to
JAMES NJ BECK
Special Master Commissioner