Norwich bulletin. [volume] (Norwich, Conn.) 1895-2011, 1912-03-06


American Thermos Bottle company
arrived here TO remain today. Mr..
Walker stated that the object of the
visit at this time Is to get the plans
for The building under way. He has
not fully decided just what kind Of
a building will be erected, either as
to the material or number of stories.
When they first considered building
here they had in mind a one-story
building, but their consulting engineer
IN New York has teen advising a Two
or three story building The engineer
who is an engineer for the General
Electric company, stated that it had
been found there wac a saving in such
a structure over a big one-story build
ing, and be cooler. Because of that 1t
had been found there was a saving
be TWO or three stories high, about
300 feet long and 70 wide. TIE mat
ter of excavating for one big. one
story building, President Walker
thought, would be a large expense, as
it will need quite q little grading 10
get the ground leveled off. Approx
mately the location of the building on
the LIT VIII probably be settled to-
day.
Favors White Glazed Tile.
AS to the material to be used in the
construction of the building, Presl-
dent Walker states that brick, con-
crete and glazed white tile have been
considered. He seemed faYorably i'm
pressed vita the glazed white tile,
which he states is AS durable as the
others and as cheap SIS brick. This
would make clean and attractive
building, In which there viii be many
large windows for plenty of light.
New Large Containers.
Since he was here the last time,
President Walker stated that advices
had been received from Germany to
the effect that experiments had result
ed in the construction Of containers
which viii hold from five to seven
and a half gallons For a long time
they have been at work on these, they
being the largest size made in q vac
uum bJttle By the contract with the
foreign company, the rights to these
Zig containers belong to this company
IN this country. Such large bottles
are wanted for water tanks for build
ings and offices where tie witer will
be kept cool for many hours without
any Ice, and also for hot water tanks
for soda fountains and the like. thus
doing away with the continual expense
of gas consumption to keep the water
hot. 1t will mean a doubling Of the
business In supplying such trade.
President Walker states that z. T..
Perry assumed his duties as sales
manager with the company the first
of the month and will remain in New
York until the company moves here.
Other Concerns.
Relative to some of the concerns
which he has been urging to come
here, President Walker said that he Is
still at work on that. He is vefy anx-
ious to get a glass factory next to his
plant, and if it is not possible to get
the German concern to establish one,
the Thermos company may put in a
couple OF Pots and get the right to
make it. which would mean the max
ing Of glass for others as well as their
own use. Such a plant has to be run
night and day.
Frederick Mua by of the Mark Cross
Co. states that he IS ready 10 estab-
.ish his plant here. It is now located
in New York, where irs lease runs out
in a short time. and he believes Nor
wich can do business with this big
company, makers Of leather goods.
POOfit Of s7s,s12.7s.
Secretary Boggs of the TnermUs
company on the first Of March sent
out the annual statement OF the Am
erican Thermos company Of Maine and
New York, which showed the net sales
for the year to have been s421, 1895.
The total earnings were $4S4, S06.17.
The cotal expenses were $404,Sy3.44,
and the net profit for the year end
ing December 81 was S79,912.73.
Tuesday evening President Walker
said the January business was 100
er cent. larger than last year and
the February business ITO per cent.
larger, showing that It is constantly
growing and there is need Of more
room to take care of it.
The company has a credit balance
to the profit and loss account Of
$207927o1, as certified to Dy I. 3.
Dixcy, a public accountant.
Annual Statement.
In his letter to the subscribers, sent
out with the annual report, President
Walker says.
In presenting the combined state
ment IF the American Thermos Bottle
company (Of Maine) and your subsi-
diary company, the American ThermOs
Bottle company of New York we again
latter company is owned in its entirety
by your company and its entire CAPT
tai stock CT $4,000 is carried in your
treasury. Therefore, all of the earn
ings of the American Thernos Bottle
company Of New York win go to your
company either in the form Of royal
ties or dividends.
For the purpose of comparison, and
in order to simplify this report, the ac-
counts of the two companies are
merged in the appended balance sheet,
income account and profit and loss
statement, just as II the new company
had never been organized rs was done
in the last annual report for the year
ended Dec. 3lst, 1910.
The combined income statement
shows a net profit for the year Of
$79,91273. There has been deducted
from the income account S69, 342.02 for
advertising expenditures, a large por-
ton or all of which might be properly
treated as an asset. Treating this item
as an asset and eliminating it from the
income account would show a net
profit for the year of S149,254.75, or
nearly Is. per cent. on your capital
stock.
Your balance sheet shows a substan-
tial increase in the net earnings for
1911 over 1910. This is accounted for
by the economies effected in improved
machinery and the purchase Of raw
materials at reduced prices
All arrangements have been com
pleted for taking over without cost
s50,10O OF the 100000 capital stock Of
the Thermos Bottle company, Ltd, Of
Canada, which company owns the
Canadian Thermos patents, trademarks
and has an established business with
plant and general Offices at Nos II and
IA Sheppard street, Toronto, Canada.
This increase in the assets of your
cn1,nranN has haen made Mnssihla