Norwich bulletin., 1911-07-22
HOPKINS S ALLEN ARMS COMPANY
Agreement Made Whereby Controlling Interest and Pos sibly All Capital Stock will be Sold-Business will be Continued Here-No Firealms Concern Interested in the Deal

| There was sent to the. stockholders l of the Hopkins & Allen Arms Co. on Friday the following circular by Pres | ident Arthur H. Brewer of the com pany:
 Norwich. Conn, July 20. 1911. l ITO the Stockholders of The Hopkins & Allen Arms Co.,:
 The undersigned has been ap- preached by members of a reputable banking house with view to the pur- chase of a majority of the outstanding capital stock of the Hopkins & Allen Arms Co. The writer would only consent to enter into negotiations up- on the condition that every share holder of the company should be treated alike, and that. if offered. the proposed purchaser should take the entire capital.
 As an outcome of the negotiations, the writer. for himself and associates, has agreed to deliver, on or before August 20. 1911, at least majority of the capital stock. upon payment as of that date of fifty dollars per share in cash, and the purchaser has agreed to take and pay for a the same rate all shares up to twenty hundred and sixty shares which shall be offer ed by the shareholders and certificates endorsed in blank. deposited with the Thames National bank prior to Au- gust 20, 1911, and fifty dollars per share with interest at five per cent per annum from August 20, 1911, on or before January 1. 1912. for all shares so deposited prior to August 20, 1911, in excess of twenty hundred and sixty shares.
 Security for the performance of this agreement has been given by, the de- posit in the Thames National bank of sum of money and of certain col lateral agreements.
 If you desire to avail of this oppor- tunity, you are invited to deposit your certificates of shares, endorsed in blank and properly witnessed, with the Thames National bank of Nor wich, which will deliver its receipt therefor.
 The writer deems it proper in this connection to state that the declared object of the purchasers, among whom are men experienced in the manufac- ture of arms, is to operate the plant to it's capacity and with the hope of future enlargement. Upon no ether assurance would the writer have en- tertained the negotiations.
 Very respectfully,
 ARTHUR H. BREWER.
 For the past month negotiations to this end have been under way, and for the past week it has been the topic of discussion on the street and at the factory. The rumor has been steadily spreading that the control was being secured by the Winchester Repeating Arms company Of New Haven, put lnsS s denied oy President Brewer, and also by one of the new purchasers.
 Buyers Not Known.
 Concerning the deal. President Brewer stated that he did not know who the buyers are. the transaction having bean put through by a New Haven brokerage firm in behalf of those interested in securing the con- troi It was about six months ago, he said, that the first step was taken, winch he was approached concerning the sale of his interests, and later further conference was held and there have been men here to look at the fac tcry For over two weeks the nego- tiations have been under way and re- suited in the agreement being reached whereby the purchasers are assured of the control, and under it all the stockholders who are willing to turn over their stock at that figure must be settled with.
 To Continue Here.
 The two salient features of the deal, said President Brewer. are that all the stockholders must be treated alike and the concern is to be operated here Re-