Norwich bulletin., 1911-10-25
STAND m FOREFRONT
or THE ENTERPRISE.
Presidx11 Wright and Treasurer Jsr-
ofi1S lave Grsatiy Helped Develop

CftSse17Aye 3redtiy 7eiPeo DsssSP
rasnt NJ s. Finishing Co.
The anI3M report of the U. s. Fin
ishing e0m3,Rny for the year ending
June 80, 1871, shows net earnings OF
$661,75S. says a recent issue OF Fibre
and Fabric. After paying bond inter-
est. dividends in the preferred stock
and dividends on the common stock,
a surplus remained of S59,253, which
addedb to the accumulated surplus
brings the item of surplus up to ST.
620.sS0. During the year the company
finished 286,471,647 yards of goods,
from which Their esaawclothiMcI A
from which there was a gross Income
of $4,941,956. The yardage finished Is
equal to 162,768 miles of cloth. II cost
$3,535,221 to produce these goods and
general expense and maintenance call
ed for the further expenditure of $685.
123. This latter expenditure included
renewals of buildings and machinery
and $91.928 for interest on current
bills payable.
From the s561.763 net earnings.
$172,500 was paid for interest on bonds,
$4,000 for the Z per cent. preferred
dividends on the $3,090,000 preferred
stock outstanding, and 100000 for the
per cent. dividend on the $4,000, 600
common shares issued.
The U. s. Finishing company oper-
ates plants at Norwich and Sterling
in Connecticut, Providence and Paw
tucket in Rhode Island, and Passaic in
New Jersey. The equipment is the
best that money and expert knowledge
OF requirements can secure, and the
combined properties give the company
the largest cloth finishing and print
ing works in the country. Their els
nothing in It's line of work that the
company Is not prepared to accept,
from the finest qualities right down to
the lowest grades, and Its reputation
for thoroughness and despatch place
1t in an enviable position 1 nthe trade.
The development of such proper
ty is not the wofk of months, but of
years, yet two men stand in the fore
front of the enterprise, j. II. Wright
president of the Z. S. F1nishinf Co.,
and F. s. Jerome, it's treasurer, being
the two men. Mr.. Wright is the cre-
alive genius who with his far-seeing
judgment foulded the present great
enterprise into a successful working
property, and Mr.. Jerome, the treas
urer, has exercised his rare gifts as d
and in conjunction with PRESIDENT
Wright bringing it up to its present
high state of perfection.
1t Is times like those Of the pa st
two years that test the merits of the
men responsible for the conduct ct
Industrial enterprises and it is seldom
the industry we repr asent will be call
ed upon to pass through such a bad
twelve months as those making up the
| fiscal year of the United States Fin
'shing company. The figures contained
| in the annual report show how well
the active directing heads of this
company. President j. Fl. Wright and
Treasurer F. S. Jerome, have looked
after the interests of their stockhold-
ers. Each year they are adding te
! surplus and returning more or less OF
! the bond obligations, and each yea1
they are improving and enlarging the
| United States Finishing company
properties to provide space and equip
ment to handle an increasing trade te
| the best advantage. Some idea of the
magnitude of the United States Fin
| ishing company may be gained from
! the fact that the average number Of
employees in service during the fisca
| year, a year of curtailment and shut.
downs, was 1856, who received in sal.
/ aries and wages, $1,797 s00t2.
| The plants of the United States in
| ishing company are very conserva
| lively carried at $7,960.16S, and the Sc.
curities owned are shown as $1.0o0,oa'
and they are worth easily $1,503,00i
! in today's market. Copper rolls ant
supplies are carried at about the meta
value and with accounts receivable
/ and cash of $677,016 give the com
pany current resources of $2,570,914 tt
cover current liabilities of $690,451.