New-York tribune., 1907-10-03
Financial.

subscription 1000 shares of the per cent GU
nulativc preferred stock of the Erie Preserv-
ing Co at its par value of SIoo share With
each three shares subscribed for | will give, as
a bonus, one share of the common stock OF
the Erie Preserving Co
The actual assets OF the Erie Preserving
Co., over and above the amount required for
the payment of per cent dividend on the
preferred stock, establishes for the common
stock solid, indisputable book valuation of
$o7 share The earnings of the Erie Pre-
serving Co., over and above all its preferred
stock liabilities, now approximates 100000
year, and inasmuch as a big substantial dlvl
dend on the common stock may be expected
next year, it is obvious that by the ordinary
process of computation the common stock of
the Erie Preserving Co, one share of which I
shall give as bonus with each three shares
OF the per cent preferred stock subscribed
for, is easily worth SIoo.
In making this liberal offer have in mind,
and desire to appeal to conservative investors,
and | urge all such, with all the strength |
can command, 70 take immediate advantage of
this opportunity.
On the generous basis described have been
authorized to dispose OF but 1000 shares. 4
number, sincerely believe, too,lirnited to meet
the demand that will follow this interesting
announcement.
The Erie Preserving Co. is a New York
State concern founded thirtwfour years ago
by Benjamin Fenton, who has been during
all these years and still is President and
Chief Executive OF the Company Beginning
in small way, Mr. Fenton has developed, BY
gradual degrees but surely and sol;dly the
Erie Preserving Co, until today It IS one OF
the largest concerns OF its kind In the United
States, transacting business that runs into
the millions, Its products are known IN every
home, and are favored wherever introduced
So popular are the canned fruits and vege-
tables OF the Erie Preserving Co.. that more
that 100000 worth OF advance orders for
this seasons pack have actually been received
and now await fulhlment
| have personally visited the enormous
plants of the Erie Preserving Co at North
Collins, Erie County; Fenton. Erie COUNTY;
Lockport, Niagara County; Model City. Nj
agara County, and Irving New York
know by direct and close observation, and
by the reports of my expeyts, that the per
cent cumulative preferred stock OF the Erie
Preserving Co, 1000 shares OF which I am
now authorized to receive subscriptions for, IS
one OF the safest investments that can be made
-absolrte1v safe and sure
The capitalization OF the Erie Preserving
Co. IS SI,3ooooo of which S45oooo. IS 7 per
cent cumulative preferred stool, and $4,000
common stock.
The net value OF the Conpany's assets ls
500, ,24s.Io or double the amount Of the
Company's preferred stock at par This IS II
respective of good Will and raw material on
hand or IN process Of manufacture Each Of
these facts have verified, and unhestatlnglv
and unquahhedly declare that a more honor
able more legitimate or more successful
enterprise has never been conducted in the
United States
consider that those who have money that
should be earning more than the diminutlve
as a privilege 10 subscribe for the per cent
cumulative preferred stock OF the Erie Pre-
serving Co, and receive with each three shares.
as bonus, one share Of the common stock.
worth $o2-a valuation that will greatly in
crease.
| am opposed TO stock gambling, speculation
and market-rgging of all kinds and descrip-
ton. The Erie Preserving Cos stock Is un-
listed. and therefore not an object OF attack bv
the professional plunderers OF Wall Street
Its value. during all the storms and panics that
have rocked and wrecked listed securities, has
Entire Second Floor St James Building.
Broadway and Goth Street. New York
OCTOBER 3, 1907,