The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1903-05-31
shown by cash returns above cost.

That is the bushes. record Of the Doyle Bur
ner: not nm estimate. but a record,
shown In figures on the books OF the poyh
Air Burner Company.
We are obliged TO reiterate our statement Of
last Sunday. that no more orders can be
taken for Doyle goods except for delivery after
completion OF the new plant The orders IN
hand for furnaces and gas stoves aions mo-
nooolize the entire presen. facilities OF the COM
pany. running night and day. and ye. the ordns
continue to accumulate. especially since our ans
announcement th-e. weeks ago. Cwith!n tvsney-
four hours after or Washington demonstratins
plant was opened. our representative there ~
ceived one order for rs furnaces. It Is. of
course. only natural: everybody wants TO save &c
per rent OF his fue, hiii: and everybody uhrS
a Doyle Burner will save that or better.
Nor Is IT from private consumers alone that
the demand comes To the company. Two OF the
greatest railroad systems in this country have
already offered 20 take up Mr. Doyle's invention
as applied to locomotive boilers. building tbs
engines in their ow1 shops. Proposals have also
been made By English capitalists to ~purcha.s
the invention as applied TO lighting. showing
tina: Mi. Doyle's discovery is already receiving
substantial recognition abroad
None OF these propositions. however. have been
accepted by the company. for obvious reasons
It has proved with a comparatively small amount
OF money. wha: can be done In furnaces and
ssbHN-. - NV hAS sSAAe t"AAS ~
other lines. developing them. like the stoves,
and furnaces. to the point OF commercial
success. and then secure far better terms.
II will be readily understood that with the vaH-
Gus lines to which the Doyie discovery Is APP
pl.cabie thus developed the necessary subcor1-
panies can be organized on term. much more
profitable to the parent
The parent company does not care 10 sell any
more Q. its stock than is necessary for the con-
duct Of its present manufacturers and the
aboye-!ndicated DEVELOPMENT Of its ether lines.
When Its s~ub-compan.es are in active operation
it will practically cease to be Itself a ranufac-
turer. while a large amount Of It's treasury stock
Will remain unsold. thus largely increas-
ing the dividends payable to the
stock now being issued.
Some indication OF its enormous earnings may
be derived from the fact that while less than
S5O0.G0O OF stock is TO be sold this year. yet
the business already in hand shows definite
profits Of over 500. o let. The other fact
that the books Of the company show over S20,.
600 net profits realized on ga, stoves alone
in 1862. IN less than 100000 employed IA
their manufacture. is suggestive in this connec-
tion.
We did not consent to become identified Filth
this company. either as stockholders or financial
agents. until the commercial success Of the dis
cnvery had been definitely and finally proved
b. the manufacture. sale and daily Use OF its
proCucts. showing a net pfOht o. 30 per
cent to over 100 per cent net. The business
done proves that handsome dividends can be
paid on the conpany's entire capitalization from
the manufacture and sale Of It's
and Ens stoves alone. Just as soon as It's
facilities for production can be increased to meet
the current demand. =
When tie company can make such profits On
the manufacture OF only two lines Of goods,
what dividends can 1t pay with Its subcompanses
manufacturing all linesg
The greatest .rofts IN indu.tr.aIs come from
the patent-protected enterprises. Only one in
twenty-five OF the competitive industries pays
more than ) per cent to 6 per cent annually.
while the successful patents paw 10 the original
investors 2S per cent to 20O per cent.
The Doyle patents will save the people OF the,
United States alone over 500. 900 annually. !,
and mankind In general ten times as much.
The present issue Of stock is solely for thu
purpose OF increasing Its manufacturing facfM+
ties and working ~capitaI. which means a durrs-
spending increase in its earnings. The demand
for the stock coiacides with the demand for the
stoves: and the subscriptions to this issue, al
!otted TO tie sold at