New-York tribune., 1907-06-02
Financial.


must be content with returns upon their
hard-earned or slowly saved money.
1t is the hypocritca pretence of these eminent fnan
that respectable rates interest for the of the
people dangerous These officials of savings banks and
companies like the Pharsees of DID, the people
from the field of good Investments and adequate in
come.
For years have been fighting this poisoning
of the we'll of honest Investment and proud Of the
success that has crowned my efforts. l happy. with
those investors who have Joined with in the conflict at
the tangible results in the shape of larger dividends received
by them and the radical change that has been and is still
going on in the minds of investors generally and that
ages the complete upsetng of this false structure reared
in the past by the Eminents.
Banks OF New York, Boston, Chicago Philadelphia
plus accounts and distributing to stockholders
profits The rate of dividend paid to stockholders of these
institutions varies in reaching high 1907,
but the rate paid depOstor is everywhere practically the
same- 32fo, and here and there 4? It would appear
to be the idea of the bankers to make all they for
themselves and keep the earnings of depOsors down the
My argument is that the people who furnish the money
the depositors In the of bank the stockholders
the case of an Industrial enterprsougb to rean t least
portion the This is the slogan that have
ing An American dollar in the hand of an American cit
zen is worth than paid in interest by savings banks
and trust companies.
that an annual dividend of 10 upon the cumulative
preferred stock of the Erie Preserving Company
than the stakeholder entitled to- 1t what might prop
erly be termed square deal"
To permit your money remain In a bank or trust
company when opportunity offers to invest it in this
stock which I unquafedly recommend one Of the best
of the safest conservative propositions
presented equivalent TO throwing away your
income
The Erie Preserving Company Is capitalized at
S13O0OOO of which S450OO0 is 10 cumulative preferred
stock and SS50OO0 is stock The preferred Is
preferred both to principal and dividends The company
has no bonded debts There encumbrances its
properties The preferred is therefore the
first mortgage bond and IS much of a lien upon the
properties as such a bond would be.
These properties include five extensive plants located In
the towns of Irving FentOn LOckpOrt North Collins and
Model City, In Erie ChaUtauqua and Niagara counties,
New York. Each is the line of the Erie Pennsylvania
New York Central Nickel Plate railroad aording excel
lent facilities for shipment of the company products all
parts of the country.
The plants composed 80 factory buildings Of
sufficient families beside of course
the steam boilers engines and other equipment necessary
10 carry on the cOmpanys business.
The Erie Preserving Company, with an annual output
Of 100000 of packages Of preserved fruits and vegetables
annually the product exclusively of 700 Of carefully
cultivated land IN western New York and fruit in
Florida and California, has under careful manage
ment In third Of century from small business packing
in 1878 only 1000 cases Of goods the product of 30
Fit for the Presidents table has always the
companys motto, 1t is the proud boast of President
Benjamin Fenton. who organized the business that
always lived TO this motto At all the international
positions in this country and Europe, beginning with
Centennial Exhibition at Philadelphia IN 1875 ITS exhibits
OF preserved fruits and vegetables have received the highest
awards for superiority IN preservation of
excellence OF preparation.
The company has been built up o merit and honor
On the forging ahead among the leading
preserving and packing industries of the country.
The maintained high quality OF the Companys products
has been the least wonderful growth The
100 varieties of fruits and vegetables bearing the companys
trademark the of good things grown plant
bush tree and be found of