New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1907-05-19
Financial.
a High

have been authorized to for public subscription
allotment consisting of 5000 shares of the cent
cumulative preferred stock of the Erie Preserving Company
Buffalo, New York, at par. 500 Il share.
offering this stock the investors of America am
pleased with all the of which
am capable consider this exceptional opportunity to
become with of the oldest most substantial
divdendpaying enterprises in the United States
You who are reading these words if you have been
reader of written from time time during the
years first financial agent, know senti
securities which are the object of manipulation
by the gamblers of the Stock Exchange or the Curb
You know that have refused to allow my name to
with any stock Of speculative nature You
know that I sympathy with gambling gamblers
that receive consideration from to be even
thought of which may be handled through office
business proposition must represent not speculation not
gamble uncertainty, chance-but true bona
investment.
per cumulative preferred stock of the Erie
Preserving Company offering for subscription stock
possesses every that good investment should
possess without Il single Il speculative character.
For 81 years the Erie Preserving Company has been
recognized institution commercial life of the nation
grown small large and from large to great
1t started modesty 1t is to-day of the largest concerns
the confines of the United the
world
1t has paid a dividend per upon its preferred
stock for many years
For the past the St Gay or Deccnncr
1906 profits of the company have been su
cien to pay only per upon pre-
but the the stock also
As there is approximately twice much pre-
ferred stock this is the same as saying that the company
has sufficient profit pay the fixed dividend
upon the preferred stock three times
This stock which am now privileged to offer to in
has been lying dormant in the of the
pany since its incorporation 1t is offered for the pr
pose of expansion In authorizing the subscription the
stock exclusively through my office the management of the
company has taken what ii believes be the way
9cbT The ull 10 of he State
Old staunch and conservative the Erie Preserving Com
pany is headed and differed by whose business trad
lions and environment such make them abhor the
uctuates il neither down 1t is cent
stock There will be paid il there will be
dividend of they will continue be paid
dividend Money invested in the stock the
ing Company as safe as money deposited in bank-and
il twice much interest
1t would have been easy matter for President Ben
amin Fenton founded company was its first
president and its president today have offered
shares of stock which he and his associates decided
the Curb In that the dividend
paid upon the security would have made 1t worth premium
But this abnorrent President Fenton. It Is
contrary his policies his ideas and his
has par value of 500 figure
was his belief 1t earns honest annual dividend Of
let it continue that who put their
money into it, his argument
There something of pride Fentons atti-
understanding OF pride and something Of sentiment
we'll! He organized the company He has president
all the third Of century Of its life. it grow
from its day small things present greatness And
has always been his boast that every invested
dollar in his company received cents year
of it.
That why instead of going the exchanges or the
stock sold at premium. Mr. consent and
by the advice of his directors offered me
the exclusive privilege dposing shares of
stock in the Erie Preserving Company to investors
1t gave me pleasure to carefully investigate