The Savannah morning news., 1904-02-16

paid regular quarterly dividends on its
preferred stock at the rate of per
cent. per annum since the beginning.
The first dividend of / per cent. on
the common stock was declared Aug.
Is, 1899, payable Oct. Is, 1899, and since
that time dividends have been paid
on the common stock regularly every
quarter at the rate of per cent. per
annum.
The total number of stockholders of
the company Immediately after its or
ganization was about 1900. The total
number now is 7,50S. OF this number
1,754 are employees of the company;
under the plan enabling employees to
buy our preferred stock, paying for IL
in installments, they have purchased
5,29S shares. This, of course. is ex-
elusive of the large amount of stock
both common and preferred, held by
our directors, officers, and principal
managers.
The balance sheet of the company,
herewith presented, shows it's present
financial condition. 1t has ample cash
resources for the conduct of it's busi-
ness, and its officers have no financial
anxieties.
The profits of the company. as we'll
as the sales, have shown each year
an increase over the preceding year,
the year just closed being no excep-
tion to the rule.
The financial statement does not tell
the whole story of the year just closed.
A great work has been accomplished
IN the Improvement of our organiza-
ton. 1t has not yet reached its high
est efficiency, but we have passed the
experimental stage and our aim Is to
make it perfect. We know that the
policy we are pursuing is the right
one; and each year the business OF the
company becomes more stable and its
position more secure.
The quality of our goods is maintain
ed at high standard. The sales of
our advertised package goods are con-
stantly increasing, and we are always
enlarging the scope of our advertising,
with the effect that the value of our.
goodwill, which has become our most
valuable asset, is continually increas-
ing.
In our last report we stated that we
were building two large factories, one
in New York and one in Chicago. es-
pecially for the manufacture of Uneeda
Biscuit. Various things conspired TO
delay the completion of these buildings.
The one in New York has just been
completed and is now in operation.
having proved a complete success. A
fire-proof building one hundred feet
stories and basement. equipped
throughout with newly invented ma
chinery especially adapted for the
manufacture and packing of Uneeda
Biscuit. lighted and operated by elec-
tricity-we have no hesitancy in saying
that it is the most complete biscuit
factory in the world.
This factory is built next to and ad-
joining an existing factory which we
L.. Ia.
of Fifteenth street and Tenth ava
nue., extending through to Sixteenth
street. That factory was the largest
bakery in the country: in il was man
ufactured our general line of goods,
including sugar waters. When we put
the new sugar wafer. Nabisco, on the
market and advertised it. IL immedi-
ately developed such a large sale that
the space occupied for that branch of
and at the same time the
business on our general line
OF goods manufactured in our Tenth
avenue factory so increased that not
only was there no space to furnish fur
ther room for the development of the
Nabisco business in that factory, but
the business Of our general line of
goods required even the room occu-
pied by the sugar wafer department.
nNAGlOAEf MlAC AAlE OIiEGQd DlSEuil
Works were in course Of construction
during the past year, piece of ground
one hundred and twenty-five feet front
on Fifteenth street by about eighty feet
deep, adjoining the new Uneeda Biscuit
Works, was secured on long lease, and
on that plot of ground we at once COM
menced the erection OF another fire.
proof building. six stories and base
ment, which is nearly completed, the
upper three stories and basement of
which will be devoted exclusively to
the manufacture OF feNabisco and other
varieties of sugar waters. the lower
stories being devoted to our offices.
1t may be OF interest TO state that
this plant. practically all under one
roof, though separated by fire walls
into distinct buildings. is the largest
baking establishment in the world and
the largest manufacturing plant in
New York. An idea of its size will
be perhaps best understood when we
state that II has twenty-one acres Of
floor SPACE.
II will also interest our stockholders
70 know that IL viii not be an idle
plant; we have business already cree
ated to keep II reasonably busy, sim