The sun. [volume] (New York [N.Y.]) 1833-1916, 1903-04-19
FINANCIAL
RAPID VEHICLE, COMPANY
FINANCIAL


he Rapid Vehicle Company 10 q profit .sAaY.
Ing undertaking. under trusteeship protection.
founded upon the automobile business. Ths
Knichsrtootsr Truss Company Of New York.
the Anssrican Audis Company. and ths or.
porations Organization have been utiHssd 70
create an environment Of trusteeshfps which
assures permanent protection 70 public sloek.
holders and piaoos their rights beyond ~ On.
croachmcnt Of any management. Charles z.
Duryea. the pioneer automobile manufactures
OF this country. Is vicc-Prcsldent Of Tie Rasid
Vehicie Company. He 10 the inventor and
maker OF the best combination yet made Of
power creating and power trsnsmittine ma
chlnery for automobiles. permitting . universal
undergear adapted TO an kinds Of carriaee bodies
for pleasure and many kinds of wagon bedses for
business. satsfyins In price and utility tbs sysWse
needs OF the average man over Ame ricAn reads-
Charles JsrTott. . motor expert OF woy1d vide
reputation. 70 another vioe .Pressdeas TAeSs meu
and experienced associates hold tho c6mmss sock
OF the Rapid Vehicle Company. which man.
sEsmont stock and cannot be sold. They ars
thus yohsd together for the oommsa hsssssts
OF the Company and receive no consideration On.
Preferred stock always ahead. TIE sntirs hsus
Of the Preferred stock to be sold for the treasury
OF the Company and Is deposited With the Kaiohsr.
booker Trust Company for such purpose. 70 can.
not be withdrawn from the trust until full payment
therefor has been deposited viii that Trust Com.
pany. The American Audit Company has become
suditor and 10 obligated 10 send 70 stoekhsjders
tregistered at the once OF the Knlckerbockes
Tv1ast
10 time showing how the directors are using the
money thus deposited. which can only b used
under explicit stipulat,ons for the Companys busi.
meas. This Preferred stoct. each share 60 is
placed within reach OF the pubic through .Rishts.-
which are options good until January. 1904. Ttsss
Rapid Vehicle Rights can b bought ON ~ New
York Curb for siA per shsrc; u per shaw has q.
ready been deposited on these Rights vish the
Knickerbocker Trust Company.
For Nk per share. therefore. the buyer yin ~.
ceve the benent Of the previous deposit and ~
option on the Preferred stock until January. tsoS.
The certificate which rccords thsse Rishu also
beags upon II ID ccrtincatou Of the Enseaer.
booker Trust Company that nrst deposit has been
made; cD the bearers privilege OF purchase until
January. 1904 81 statement Of preferential rights of
the Preferred stock: 20 certincation that the
American Audit Company has become obligated
A. above set forth. Unless the rishts are cold dur.
ing 1908 the holder should make payments a. follows
u per share Jpusry I'd. 1904: o. July Ist 1901: and
the last u January I'd. 1905. This will make Ss7s
the total cost Of each s,o certificate. These pay.
ments can be Anticipated. After these amounts
have been deposited With ths Knickerbockes Trus,
Company the holder win receive certificate for cor
responding amount OF Preferred shares full paid and
registered. This Preferred stock Is entitled TO
an annual nxed payment Of y cents per share
(which win pay over per cent. os investment
without counting dlytdends, and these annual
payments ere cumulative With compound Interest.
The President and Vice Presidents cannot receive
salaries while any such payment Is overdue. All
net earnings will be equally divided between the
Preferred and Common stock. both unlimited.
- 10 amount OF divdends- The annual payment
referred 10 above 10 70 the extent Of q cents per
share, priority Of lien and priority - - time
OF payment In favor OF the Preferred shsrss In the
event Of dissolution. the Preferred stock b paid
Oh In fun.
Interested readers arc invited 70 the Compsny's
once. Mills i'uildng. New york. where the machine
can be examined and road tests arranged. A
conspicuous feature OF CONSTRUCTION = . eonbiaA.
ton Of metal horse and metal harness. making .
un,vssssi undergear. suhed V variuus garbage
bedics or business bodies. Ths Aut deliveries
nov partially constructed win DO 90 huHdssd
light touring cara luxurious for tve and sdASsah,s
for sis persona No matter wnAt bodies mAy -
selected. the motor always easy Of aeccsa and shs
parts interchangeable. 20 thst every swver.
equipped With duplicate parts st insisniacaai coss
can be biz own mechanic. and evefy msas shed his
own repair shop. Mr.. Duryea with limited fsrtu.