New-York tribune., 1907-10-13
Financial.
10 FOR
NONE EY?
SUBSCRIBE FOR ERIE Preserving PREFERRED


New York and vicinity it is certain
that my predictions of few days ago
will have been verified.
stated that I had been authorized
to receive subscriptions for LOCO shares
of the Z per cent cumulative preferred
stock of the Erie Preserving Company
at 500 par, and give, as bonus with
each three shares purchased, one share
of the common stock. / further stated
that the high character of this invest
ment rendered it probable that the
small allotment at my disposal. on the
terms proposed, would be eagerly
sought by those who prefer that their
money shall earn Z per cent per year
instead of the 315 or 4 per cent allowed
by savings banks.
Inquiries and direct applications have
been coming in steadily, and I am ac-
curate when say that large proper
tIOn of the one thousand shares have
already been applied for. TO-day's
mails bring many additional letters
from interested investors.
l find a widespread and fixed desire
on the part of large number OF cofi-
servative people to place their money
where il will earn what Ii is WORTH
per cent or more per year-and L am
still receiving orders for this admirable
security.
1t may be that I shall have to re-
strict the number of shares Obtainable
by any one person in order to deal.
squarely and fairly with all of my cor
respondents, but as nearly as possible |
will deliver on all good faith reserva-
tiOns.
1t is very necessary that those who
want a few shares of the per cent
cumulative preferred stock Of the Erie
Preserving Company should wire, write
or call on me at once.
feel that this is one Of the most at
tractive offers I have ever made because
ii furnishes an opportunity to become
interested In a long g-established, we'll
managed, solid, prosperous business
the business of the Erie Preserving
Company, with headquarters at Buffalo,
and extensive plants located in five live
towns in Western New York-Irving.
Fenton. Lockport, North Collins and
Model City.
The Erie Preserving Company was
organized thirty-fOur years ago by Ben
jamin FentOn, who was at the begin
ming and still Is president and chief
executive. The capital stock Is $500
600, OF which S45OOO0 Is Z per cent
cumulative preferred stock and SSJ0,OOO
common stock. full paid and nOn-assesS-
able. The quick assets are $500, ,243.19,
exclusive of good will and stock on
hand or IN process of manufacture
81, = -,
ferred stock The profits. over and
above the amount required to pay a
per cent dividend on the common stock
are more than 100000. and the surplus
in the treasury is sufficient 10 pay a
per cent dividend on the preferred stock
for the next three years.
Thus. II will be seen, not a single ele-
ment of chance enters into this invest
ment. II Is the only kind can conSci-
entiOusly recommend-the only kind
ever did or ever will recommend. Eff
forts TO list this stock on Change where
ii will become an object of manipula-
tion by stock gamblers will be resisted
in the future as they have in the past.
During the recent decline in the values
of railroad and; trust securitieS-de-
clines amounting 10 hundreds of mill
tive preferred stock of the Erie PreServ-
ing Company has remained firm at its
par value of 500 a share, and it will
remain there permanently. 1t will stand
true to its actual worth because il will
never be infected with the taint of spec
ulation. II will continue desirable as a
conservative. safe and reliable invest
ment because the business of the Erie
Preserving Company was never in a
more prosperous condition.
1t preserves and cans more than 100
varieties of fruits, vegetables and table
delcacies and distributes annually
among the people of the United States
and foreign countries more than 10000
600 packages of its unsurpassed prod
ucts. It's employees. $500 men and
women in the five towns. are sheltered
by thirty-nine factory buildings and
twenty-five warehouses. At the present
moment advance orders approXlmating
S1,O00,O00 for this seasons pack have
been filed and thousands OF dollars
worth of additional orders are coming
in daily. So tremendous Is the increase
in the business of the Erie Preserving
COMPATIBILITY 90 per cent over any
previous seasOn-that expansion of ia
cilities has become imperative.
1t was decided TO provide for this ex-
pansion by the sale of Z per cent cumu-
lative preferred stock, taken from the
treasury where IL had repOsed since it's
issuance was authorized by the laws of
the State OF New York.
The same prudence that has made the
Erie Preserving Company the mammoth
house 1T is to-day prompted President
Fenton to place the disposal of this
stock In my hands. He knew that not
only would the interests of the Erie
Preserving Company, but the interests
Of the investors as well, be best con-
served by this course.
St. James Building. Broadway and
Street, New York, Oct. 18th, 100