The Seattle star. [volume] (Seattle, Wash.) 1899-1947, 1911-11-16

ans machine on the market Tor
pulling stufnps.
Although this machine has only
been offered for sale about usonth
the demand IL far greater than the
factory can supply with its pr~ssas
capacity. Up 10 the present time
tho American stump Paller has
never been shown or demonstrated
outside of Seattle. Orders viii
come IN thick and fast az aeon "a
The machine IL demonstrated Ia the
various to~ns located 10 imh~F
and iogEed-off sections.
PLANT MUST BE ENLARGED.
In order to enlarge the present
plant and Increase the output. the
American Machine Works 10 Offer
ing some Of I,s stock for sale. This
company IL Incorporated for 900
600. divided into 100000 shares Of
the par value Of 81 each.
Unlike moat enterprises. the men
who devoted year and many
thousands Of dollars working ont
and perfccslng thia stump pulIcr.
have no; taken n controlling inter
eat In the company. although they
were fully Justified In doing 20
All these mon received for their In.
yention. efforts and expenses was
30. 600 shares of STOCK. the balance
Of 10000 shares being placed in the
compnny'a treasury.
INDICATION or MERIT.
One Indication OF the merits OF
this stump paiier IL the fact that
offers have already been received
from local capitalists. who want
70 purchase all Of the stock In the
treasury. This would sivo them
absolute control, and the skilled
mechanics. who have worked night
aud day for almost year on this
machine would be az the mercy Of n
few men OF money. who know the
demand for a machine OF this kind
and the profit that can be made out
of IL. II IL this profit that they
are after. and In order 10 get IT
they would be willing 20 purchase
all OF tho compgny's treasury
stock.
The men who invented the
American Stump Fuller are the
officers and directors OF the
American Machine Works. These
men are capable mechanics aud
know the merits OF their machine
and the demand that exists for II.
They need capital 20 enlarge their
business. but they refused point
blank 10 sell controlling interest
IN their company to one man or a
clique OF men.
The frat investors In any new
enterprise are entitled 10 a little
more than those who invest after
the company IL well established and
on n good paying basis The Ameri
can Machine Works Ia following
the example set by Mr.. Smith. who
started the Smith Cannery Ma
chimes Company. and are offerine
a small block OF stock 10 the first
investors at 80 cents on the dollar
or 30 cents per share. During the
past week $4,000 worth OF this stoef
was taken by conservative Seattle
men. whose names can be learned
at the companys office. Iudgina
from present indications, the com
pany will raise all the capital need
ed TO enlarge the present plant
within very few days, at which
time the price OF stock will DO In
creased to par, 81 per share.
SUBSCRIPTIONS LIMITED.
The company has plnced a limit
OF 5000 shares, or $1,000. as the
largest subscription that will be &C
cepted from any one person. This
Ia done to prevent the control OF
the company getting into the hands
OF n few men. No subscription
will be accepted for less than 100
shares. Stock can be paid for in
four monthly payments II desired
II the American Machine Works
makes but one stump puller each
day the profit will be sufficient to
pay Id per cent per annum on the
par value OF the total capitalization.
which Is 100000. This would
mean a profit OF 30 per cent per
annnm TO the first investors who
secured stock at soc per share. II
the company makes five machines
per day, the yearly profit to the