The sun. [volume] (New York [N.Y.]) 1833-1916, 1907-10-11

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e4Hitlphoae Op-sa'ins ,umpsnv ~. ms'u
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- S~sl-y'- business s--rta'a ~ several
ysers staining. Manly " Oaliam ~
wouitnt 40 polite ether 10 overlook the
bsc~n,ty s~Tuired hsai ~ Tho publc,tv end
81 tho rnulurhons hab-ne--. H"nrv ~
DAxsai. anihor ~ th"@~ al. shich are -~ni
txs homes, folk -currving 10 ~" bank Tor
sks w~her~withsl "a invest t-frrs The stock
tA jsckcd up another PEG
For p~r-"Sr- Who hay- ts.n ie, bu ~
for NJ last year making both ends Ine~t
20 bother about placss 20 invest their sur
riss q few words - explanation - the
ofulnphone proposition are In order. In
the first plscr. a multi phone il n nickel in the
elct mussc box which has n uIne capacity
~ twenty-four and stands when full grown
b. n height ~ SIX feet. Commuters Who
nse the Jersey Central have doubtless seen
On or more 81 them ON tbe'r sav 70 work.
while others y have the drink habit IN a
email way NAV have run acre ~ ~ In various
factions of Manhattan and Brooklyn and
even over in Jersey,
The ~muluphon- was H. heard ~ a.
far back a. islI when theMuluphone Com
psny was incorporated. wth Edwin J.
SsIley. william "A Pntchard and Allison
A. Pratt ~ directors. and Seliey and
Pritchard president add secretary. re-
spectively. The capitalization was only
$1,000. but the c~ompany's charter allowed
10 TO go about "a far ss IL liked In the way
Of putting multiphsnes OF the market.
In May. 1905. the Muluphone Operating
Company was incorporated. with about
the same powers rs the original company,
and with the sameo officers. with The addition
Of Isaac Thorman treasurer. The capital
stock OF the second company was 500 .OO.
each share having a par value OF Sfp.
At = stockholders meetng last Deem
Der. at which Manly VI. Gillian presided,
it was decided 10 boost the capital stock
mp 10 81 ON. 600 and make the par value of
each share $40. thus putting the stock
within reach OF us all. Al the marked
Town price the stock went like hot cakes,
and the directors soon decided that a
further hike up TO s. ,OD0, 600 would be about
right. There isn't "A great amount Of in
formation forced upon the public M To
what happened at the stockholders meet
ings' when the capitalization was boosted
beyond the fact that the company makes
AFFIDAVIT that Mr.. Gillian presided. At
that time Mr.. Gillian was doing all The ad-
vertising for the Multiphone proposition,
md was doubtless glad to preside.
Not even the prospectus itself can tell
the inquirer about the grand plan about
which the Multiphone Operating Company
IN built 40 we'll as Henry G. Pagan. head
Of tho department of publicity.
TEere are two distinct companies. rs you
already know. firsi. there IL the Multi
phone Company. OF which the siocitholder
hss nothing 10 dos The Muitiphonet ompany
makes multiphones at $3.50 TO $500 apiece.
according TO the cabinet. and sells them to
the Multi phone Operating Company. No one
else esn buy them al any price. Out OF the
proceeds from The sale of the machines the
company pays all the ONCE expenses.
An the money received from the sale of
the stock goes TO buy more multi phones. so II
can readily DE seen that the higher the cspi-
Salvation and the greater the amount Of took
that Is sold the greater wall be the dividends
pn account of the greatly increased humber
Of multiphones put out. Our only trouble
now Is to turn out the machines fast enough
60 take up all the money subscribed for stock,
We have IA lot OF money idle In the bank now.
because we haven't enough machines.
Mr.. Pagan says that the Multiphone
ntock is better than railroads and real
estate. because the rolling stock and the
O&0OC VI aitI ftbt w ittINCuvI1
repaired and sometimes renewed Alto
ret6er. IL il better than savings banks,
booSnse you don't know where the banks
are putting your money, and for all you
know they may IN putting IL where you
wouIhn't want II TO go yourself II you knew
Abapt it.
1kc statement is made constantly 10
advor tisements and in the side talks by
Mr.. Pagan. Mr.. Selley and others con-
nectpd with the company that all tbs divi- |
denA. nave been paid from the earnings. |
Mr.. Pagani points 10 the fact that each
mso6ine In earning $40 q week as proof of
his statement that the I per cent dividends
can easily be paid and have been since
lnot October. when the first was declared.
A humble seeker for information, who
had his doubts about the dividends being
paid from earnings. asked MIR. PaEani IL he |
would be willing to show by the COM |
pany's books what the monthly dividends |
have been up TO the present time. what
the monthly earnings were upon which
the dividends were based and also how ]
msny machines were In operation during /
that period and where they were.