Ellsworth American. [volume] (Ellsworth, Me.) 1855-current, 1905-07-12
COTTON YARN MILL.
(Conliaued from paae I.l

fully si50ooo. This extra 100000 we I'M
tend shall be provided for from the sur
plus earnings during the next five years,
so as not to tax the stockholders for it,
and this viii increase the value of their
original investments very materially.
Cost Construction aud Equipment
This win be SIC per spindle for build
ings, machinery and all equipment, or
s3o0,000 to ss25,oOO.
Production We shall produce special
high grade hosiery and mercerized cotton
yarns American and Egyptian cotton in
natural and colors and novelties, which
have been so popular with the trade for so
many years from the Sanford spinning
eompany's mill and to-day they cannot
supply the demands. Their specialties
afford good profits, being out of the rut of
common compositions; so we have the
business firmly established to commence
with and the old management to conduct
same, eliminating absolutely all expert
ments in regard TO managing the company.
Earnings The Sanford spinning COM
pany was organized in the year 1893,
500, 900 capital, with Arnold b. Sanford
as president and Arthur II. Mason treas
urcr. Mr.. Sanford created the business.
Ii was very successful one; so much so
that il was bought up by syndicate, who
paid the stockholders a handsome bonus
over par value for their stock. The cor
poration paid steady dividends of to z
mar gnt f~r ha-
sides paying of debt of $4,000 ON their
plant and accommodating a surplus OF
nearly 100000 when they were absorbed
by the syndicate. These statements are
not estimates, the figures can all be veri-
fed. Under Mr.. Sanford and Mr.. Mason's
administration the net earnings were fully
16 per cent and some years 20 per cent. on
the capital stock.
The opportunity is even more propi-
tious for greater success for the new San
ford, owing to the facts of many years.
experience and knowledge gained in the
business, with new opening and calls for
special novelties offering larger profits.
The new mill with the same management
and finer equipped plant should easily
pay its stockholders 8 per cent. dividends
and create handsome surplus fund for
further extension in equipment of he
extra 10000 spindlss, so as to fill mill to
Its fullest capacity, thereby increasing its
! earnings fully 33A per cent.
Income-The income for 5000 spindles
will produce an average OF 10000 pounds
per week, selling at profit of to cents
per pound, but to be safe we will call it
SO, 900 to $50, 600 per annum or is to II per
cent. on $4,000. 5000 spindles will
produce so per cent. more product, in
creasing earnings fully 33h per cent, or
$4,000 to $4,000 per annum, 20 to y per
cent. The stockholders then are very
sure of their per cent. with the chances
OF better returns and handsome increase
in value of their stocks. The
management will be conservative
and the corporation will not COM
mence business with any debt
| on their investment, and with $500
cash capital the mill can be finely and well
equipped and free from any debt on the
plant.
Mr.. Sanford will be president and gem
eral manager of the corporation, giving to
it his name, years of experience, both as a
manufacturer and selling agent with
established trade connections, all of which
will prove valua BILE assets to the Sanford
| cotton spinning mills of Ellsworth, Maine.
Capital stock, $4,000, paid in ten
equal instalments of 10 per cent. of 800
each, commencing august 10, and allow
ing rebate OF 5 per cent. for all prepaid
assessments, and as follows on a ten-share
subscriptions: