The daily morning journal and courier., 1904-02-13

Sucn a large sale that the space 0ccu- pied for that branch of the business be- came insufficient; and at the same time the business on our general line of goods manufactured in our Tenth avenue fac tory so increased that not only was there no space to furnish further room for the development of the Nabisco bus mess in that factory. but the business of our general line of goods required even the room occupied by the sugar wafer department. Therefore, while the Uneeda Biscuit 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, ad- joining the new Uneeda Biscuit works, was secured on long lease, and on that plot of ground we at once commenced the erection of another fire proof build ing. six stories and basement, which is nearly completed, the upper three sto- ries and basement of which will be de- voted exclusively to the manufacture of Nabisco and other varieties of sugar waters, the lower stories being devoted to our offices.
 It may be of interest to state that this plant practically all under one roof, though separated by fire walls into dis tinct Buildings, is the largest baking es- tablishment in the world and the largest manufacturing plant in New York. An idea of it's size will be perhaps best un- derstood when we state that it has tWenty-one acres of floor space.
 It will also interest our stockholders to know that it will not be an idle plant; we have business already created to keep it reasonably busy. still leaving us some room for the installation of new as our trade grows. In fact, it gives us the opportunity to seek a further increase of our business along profitable lines, which we have been un- able to do up to this time from lack of proper facilities.
 The Uneeda Biscuit works in Chicago is practically finished, the last of the new machinery being now in course of installation. That factory when fin- ished and in operation will be practical ly duplicate in it's efficiency of the Uneeda Biscuit works in New York and between these two factories we shall be able to turn out over half million packages of Uneeda Biscuit a day. We may add that we do not believe this amount to be the limit, by any means, of the consumption of Uneeda Biscuit.
 The total cost of these three new buildings with their equipment, when completed and in operation, will be about $1,500,O0O upon which there has already been paid the sum of s1 ,311 ,017.- 7S.
 We recognize that the expenditure of this large sum of money brings to the bilities, because the expenditures must be justified in the future balsnce sheets of the company. We are confident that this result will be attained. We feel that it is no ordinary spirit which ani- mates the officers and employees of this company. As our organization becomes perfected, the loyalty and enthusiasm of the men in the company becomes more marked, and the pride in the com pany becomes greater. The devotion to the interests of the company manifest in all the departments, is a source of great qualification to the officers of the company, and we know it will be to our stockholders. We are all animated by one great ambition-to make the Ma tional Biscuit Company the ideal indus trial corporation.
 A. w. GREEN, Chairman of the Board of Directors.
 F. o. Lowden, J. B. Vredenburgh and A. w. Green whose terms as directors expired. were reelected. F. L. Hine, vice. president of the First National Bank, New York city, was elected direc- tor to succeed William T. Baker, de- ceased. The remaining directors of the company whose terms have not yet ex- pired are D. F. Bremner, L. D. Dozier, H. J Evans, J. w. Hazen, s. s. Marvin, Norman B. Ream, J. D. Richardson, c. E. Rumsey, B. F. Crawford, T. $. Olive and H. F. Worries.
 The directors met previous to the stockholders meeting and declared the regular quarterly dividend on the pre- ferred stock of 1 3-4 per cent, payable February 29, 1904; transfer books to be closed from February 17th to February 18th, both inclusive; and the regular quarterly dividend of 1 per cent. on the common stock, payable April 15, 1904; transfer books to be closed from March 18th to April 18th, both inclusive
 Immediately after the adjournment of the stockholders meeting, the directors met and elected officers as follows:
 A. ". Green, Chairman of the Board of Directors.
 B. F Crawford, President.
 H. F, Worries, Vice. President.
 Frank o. Lowden, Second vice-P -Presi- dent.
 F. E. Bugbee, Secretary.
 J. A. Lewis, Assistant Treasurer.