Omaha daily bee., 1903-04-08

The Shares of Ii BOOKLOVERS LIBRARY
Corporation have had an unparalleled record. The
stock is held in the United States, Canada and Eng
land by widely known literary, professional and
business people. Among the library's shareholders
are hundreds Of names familiar to almost every
cultured home. No broker, or banker, or under
writer has had a hand in the sales. The sole back
ing of the concern has been its enterprise, its con
tinuous push, and it's farseeing business policy.
Every dollar invested shows a hundred cents worth
of extended and established earning capacity.
The plans outlined from time to time have been carried for.
We said We would Do We planned 70 extend the Bost!ogsr,
there. We promised to include Canada; the two successful
Se1ters ! Of Montreal and Toronto ARE are the result ed from these Is
towns. We made arrangements for extending the work to Eng
Ing books throughout Great Britain and includes among its pa.
an auxiliary library to take care Of the field not occupied by the
SsS Tsesnt exchange sS Ts'f IS extending IS%; %It9 the s' u FSvG5yi P4iv GGgs,si to th Ssa
sands Of country towns; the earnings Of t@, Oe departures
only &c one eeT twentieth d@S Of the Sed coyeSred' This new library si de
RSre sn e wn S1sr tspn Ulty i ysSy 1i s excess sn ae eTen Of e te j B. q.
lovers, Last fall we announced the preparation of a monthly
lovers MagGsins sells out its complete edition BY the afteeptS q
parent company, and presents all the elements of an excenen'
We are building into the future; the whole bool
and publishing trade is undergoing rapid and fOlA
reaching changes; there is a new book published liz
the United States, every hour. day and night, and this
enormous output must have it's distributing mae
chinery. Millions invested in central storehouses on
granite or marble can never change the pOpulap
current. The American people want an up-tOdate
service in books as we'll as in newspapers, and they
are willing to pay for it with their own cash. There
is no denying the fact that the BookIoverS is already
a tremendous power among the book interests of the
country; it has battled its way to the front, where
it means to stay.
We need a central library and office building Of
our own, and we intend to build one just as soon as
a desirable central property in Philadelphia can be
secured. This is the next important thing to be
done. The block of 5000 Shares of Stock referred
to below has been set aside largely for this purpose.
In connection with this public offer of a com.
~paratively small block of BookkoUers stock there are
four inside facts which 1 want to make public over
my own signature: 1. The BookL0Vers earnings
during the three months ending February 2Sth
were the largest in the history of the enterprise; 2.
The operating expenses per library member were
never smaller than at the present time; 8. The fused
books" are wholly taken care of at good prices by
auxiliary library departments; 4. The Corporation
pays cash, and has no debts other than its current
monthly accounts.
No additional capital is needed for the BookIovevi the in
Ta5ard Inn and other departments; these auxiliary libraries are
InrSs: + to r. sO "bT ln SOd SSs pest Sf tha Ht STsSs.S o. me enterprise tSsT ors al
opportunity for very large profits.
The Corporation is capitalized for $4,000, OOO
100000 Shares at $40 EACH. OF this amount 100,
900 Shares have already been subscribed and paid
for at the par value of $40, making the present cash
capital 81, 100000. There remain in the Treasury
only 10000 Shares. OF this remaining block the
Directors nave authorized the treasurer TO set aside
$4,000 shares to be offered for sale on May 18th next
at $12 a Share. The remainder, consisting of 10000
Shares, is now offered to the public in lots of Tel
Shares or more at $40 a Share. The terms are II
per cent with the application and the balance il
sixty days. Stock applied for by telegraph will b.
held five days to await deposit and formal applica
ton. (See form of application below) The sale o
this block of 10000 Shares at $40 and Of the remain
ing block of $4,000 Shares on May 18th at $12 will
give the Company a completely paid-up Capital
This announcement gives investors the last OppOr
tunity they will have of buying BookLoUers at $40
Share.
The BooELoUers Corporation has paid dividend
at the rate of 10 per cent per year since August /
1900. The last half;yearly dividend was paid OF
February Goth. The half-yearly dividend period
end June Both and December Dist, respectively. Tn
Corporation has no bonded debts, and its stock whel
fully paid is worcestershire. All Shares becOm
dividend-bearing from the date Of final pay
ment. Dividends are payable in February ant
August.