a commercial business as sound as this one and buy 7% Preferred Stock at $10 per share? There is no doubt in my mind that you are familiar with the Henry Ford Motor Proposition, also the Douglas Shoe Company. I claim our proposition is second to none if properly financed and handled. As to my ability of handling this proposition, I will leave that to the Public. To further increase the profits of this business, I intend to take one entire floor in the main building and equip in it a monumental and mausoleum department. On another floor a mourning goods department will be installed, where clothing of all descriptions can be had, including millinery. I also intend to establish a great many more branch offices within a radius of 100 miles, and possibly later on, all over the country, all of which will add large profits to the business which will be a benefit to every stockholder. The extent this business might grow to is unknown and cannot be predicted by anyone. If you have $10 or more to invest, don't hesitate when you can get into a commercial business established for 19 years, knocked from pillar to post by the Undertakers' Association, better known as the Trust, survived all storms and to-day stands out as the largest undertaking establishment in the world. Come in and go through the plant and visit the various branches, examine the books and reports if you will, and be convinced for yourself. In our certificate of incorporation we have the privilege of manufacturing coffins, caskets and monuments, building vaults, controlling cemeteries, manufacturing mourning goods, automobiles and furniture, or everything else pertaining to woodwork. This will be very beneficial in enabling us to produce for our own use and for the purpose of sale to other dealers, all things usually used by any undertaker. I also have connected with my establishment one of the largest florist departments that has ever been controlled by any undertaker in the world, doing close to $25,000 worth of business yearly, which also can be increased to double the amount. We have also built, in the home office, at the rear of the main chapel, which has a seating capacity of 400, one of the most up-to-date crematories, built by the F. B. Branklin Co., of New York. After we have received our permit from the State to operate same, we will positively be able to handle the cremating for the City of New York and surrounding territories, as we will be able to do the cremating at probably one-quarter the cost charged by the cremation companies. Through my incorporating and having associated myself with thousands of families who will purchase this 7% Preferred Stock at $10 per share, I will have a Fort established that the Undertakers' Association could never break into. The stocks will be transferable on the books of the Company at any time. One of the greatest and most important things in my Incorporation that should interest thousands and thousands of people, especially those who cannot receive life insurance and others who do not believe in it: You can purchase five shares of my 7% Preferred Stock for $50, or you can purchase ten shares of my 7% Preferred Stock for $100, and I feel safe to say, receive your 7% dividend during your lifetime, and if you have no life insurance or any money at the time of death, the five shares can be paid into the Company for a $50 funeral, which is as good as ever furnished by any other undertaker for $100, or the ten shares can be paid into the Company for a $100 funeral, including a new grave, which is equal to any funeral furnished by any other undertaker for $200. This $100 funeral that I offer in this proposition, including a new grave, is positively only to stockholders. My business is established for the past 19 years. I started without a dollar, and have positively to-day the largest undertaking establishment in the world, and to more fully convince you as to how well my business is established, and on how good a paying condition it is, look up my certificate, filed with the Income Tax Bureau of the State of New Jersey, and see the amount of taxes I am forced to pay as a positive net income, and you can bet your life there isn't anybody padding his income tax report. You should not hesitate. Sit right down and send in your application for five shares of the 7% Preferred Stock or ten shares if you choose, and take advantage of the above offer. HOW THIS ESTABLISHMENT GREW During 1895 I conducted 46 funerals. During 1896 I conducted 93 funerals. During 1897 I conducted 102 funerals. During 1898 I conducted 137 funerals. During 1899 I conducted 162 funerals. During 1900 I conducted 243 funerals. During 1901 I conducted 207 funerals. During 1902 I conducted 216 funerals. During 1903 I conducted 297 funerals. During 1904 I conducted 427 funerals. During 1905 I conducted 415 funerals. During 1906 I conducted 392 funerals. During 1907 I conducted 636 funerals. During 1908 I conducted 940 funerals. During 1909 I conducted 1,278 funerals. During 1910 I conducted 1,904 funerals. During 1911 I conducted 3.146 funerals. During 1912 I conducted 4,118 funerals. During 1913 I conducted 4,820 funerals. Total number of funerals conducted since established, 21,123. Gross amount of business done since established, $2,227,990.00. Total number of funerals conducted in January, February and March, 1914, 1,542. Gross amount of business done in January, February and March, 1914, $172,740. Yours truly, WM. NECKER. OFFICERS WILLIAM NECKER, Pres. and Treasurer. THOMAS MCCLELLAND (Banker), Vice-President. BOARD OF DIRECTORS EDW. W. BERGER (Banker), GEORGE LIMOUZE (Retired), THOMAS HENRY (Building Supplies and Banker), CHAS. NIELSON (Contractor), CHAS. SINGER, JR. (Real Estate), THOMAS MCCLELLAND (Banker), WILLIAM NECKER. EXECUTIVE COMMITTEE WILLIAM NECKER CHAS. SINGER, JR. GEO. LIMOUZE THOMAS MCCLELLAND. BOND HOUSE LETTER N. W. HALSEY & Co. 49 Wall Street New York, Philadelphia, San Francisco, New York, Sept. 28, 1912. Pacific Gas & Electric Co. General & Refunding 5s, 1942 We ask careful consideration of the enclosed circular because we believe these bonds are unusually safe and some of the reasons are as follows: First. The market equity is more than $29,000,000. Second. During the last seven years over $11,500,000 has been put into the property from earnings. Third.-Net earnings for three years have been about double interest charges. Fourth. The Company is paying dividends as follows: 6% on $10,000,000 Preferred Stock. 5% on $31,998,750 Common Stock. Contrast these facts with the present price of 911 and interest at which the bonds yield about 5.60%. The price certainly looks very, very cheap, and it is cheap. The Company is now making application to list on the New York Stock Exchange. We recommend that you telephone or telegraph us to reserve a certain amount of these bonds for you pending investigation, for the preliminary sales have been large, and the price is strictly subject to advance. JSA:S Yours very truly, N. W. HALSEY & CO. UNDERWRITING SYNDICATE AGREEMENT1 REPUBLIC OF CUBA FIVE PER CENT BONDS OF 1904 SYNDICATE AGREEMENT Dated February 16, 1904 SPEYER & CO., Syndicate Managers. PARTIES AGREEMENT made this 16th day of February, 1904, by and between Speyer & Co., of the City of New York, hereinafter called the "Syndicate Managers," parties of the first part, and the subscribers hereto, severally, each of whom is hereinafter termed a "Subscriber," and all of whom, taken together with the said parties of the first part, are termed the "Syndicate," parties of the second part. DESCRIPTION OF BONDS WHEREAS the Republic of Cuba acting under the law of February 27th, 1903, as amended by the law of January 25th, 1904, proposes to issue Thirty-five Million Dollars ($35,000,000) five per cent gold bonds, to be known as "Republic of Cuba five per cent. Gold Bonds of 1904,” which said bonds are to be coupon bonds of denominations to be hereafter determined, with the privilege of registration, to be dated March 1, 1904, and to be payable March 1, 1944, except so far as previously retired by the Sinking Fund, and to bear interest at the rate of five per cent. per annum, payable semi-annually on the first days of March and September in each year, both principal and interest being payable in the City of New York in United States gold coin of the present standard of weight and fineness, and in such European cities and in such foreign moneys as may be designated, and are to be exempt from all kinds of Cuban taxes that now exist or may be imposed hereafter; and 1 Exhibit No. 52 in connection with testimony taken before the Legislative Insurance Investigating Committee of New York. |