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About Omaha daily bee. (Omaha [Neb.]) 187?-1922 | View Entire Issue (Oct. 24, 1917)
THE BEE: OSfAHA. ok TO -PEOPLE lOTflro STOCK IH TIRE- COMPARES m Mmx&3 : 1 : ; : V&wJ (Hi i Van. '70 4 lSrf AVfrT.R E 1 W4ttMMlV'M ir THE COMPANY The Sprague Tire & Rubber Company is incorporated under the laws of the state of Nebraska- for $1,500,000, of which $1,000,000 is cumulative, participating, voting, 7 preferred stock, and $500,000 is common stock. It is a part of, the Articles of Incorporation that the preferred stock shall always remain 7 cumulative, participating, and that no vote of the Directors can ever change this- The preferred stock of the Sprague Tire & Rubbev Company is now offered to the public for the first time. This first allotment is offered at its par value, $50 per share. They will accept subscriptions at that price until the first $125,000 of preferred stock is subscribed. Remember, thai; with every two shares of preferred stock you buy at $50 per share, the company gives you one share "of common stock free. The common stock has a par value of $50 per share. For example If you buy twenty shares of preferred stock the company makes you a gift of ten shares of common stock. The company believes that this first $125,000 of preferred stock will be over-subscribed at $50 per share. They reserve the right to return any subscription when the $125,000 is subscribed. This stock is fully paid and non-assessable. Be wise. Act at once. Here is a chance to get in on the ground floor and make money. E. H. SPRAGUE s& .ill I s van a , .tst m arm r. ..iC.iub e Mr. Sprague is the President of the Sprague Tire & Rubber Com pany. For thirty-two years Mr. Sprague was connected with the United States Rubber Company. For fifteen years he was President and Manager of the Omaha Rubber Company a branch of the United States Rubber Company. For twenty-one years Mr. Sprague had charge of the business for the United States Rubber Company in Omaha and his agents sold more goods for that company than any other agency with the single ex ception of the Chicago branch. Mr. Sprague knows as much about the tire and rubber business and is as well and favorably and gen erally known as any rubber dealer in the United1 States. Mr. Sprague had 12,000 people who bought rubber goods from him and told for him. For twenty-one years Mr. Sprague had the rubber and tire business of Omaha bottled up and he will soon have the tire business bottled up for tho Sprague Tire & Rubber Company. Selling eoods it the biggest factor JI in business and he knows how to sell tire better than anybody. THE FACTORY The Sprague Tire & Rubber Company intends to build a tire factory on the principal street in the business part of Omaha. They expect to start this factory the first day they open for business, turning out two hundred tires per dajr and one hundred and fifty tubes per day. They will bIso maintain at this factory the best All Day and All Night Service Station to be found anywhere. . They will have room in the Service Station to take care of sixteen automobiles at one time. The factory, when completed, will have five stories and a basement. " , It will be 66 feet wide and 264 feet in length. It will have a floor space of from 75,000 to 100,000 square feet. The picture of the proposed factory found on this page is the picture of the factory they intend to build and at the outstart it will have but three stories and basement. ESTIMATED PROFITS The Sprague Tire & Rubber Company canbuild as good a tire as is built anywhere today and 'sell all their tires to net the company an average profit of better than $6 00 per tire. They can build as good an inner tube as is built today and sell all their tubes to net the com pany an average profit of $1.50 per tube. , They expect to begin building 200 tires per day and 150 tubes per day. Taking three hundred working days per year will give them the first year 60,000 tires and 45,000 tubes. 60,000 tires at $6.00 net profit per'tire gives the company $360,000 net profit. 45,000 tubes at $1.50 net profit per tube gives the company $67,500 net profit. $360,000 plus $67,500 gives the company a net profit of $427,500. Out of this amount they can pay 7 on $1,000,000 of preferred stock, which will require $70,000. That will have $357,000 in profits to be divided between the $1,000,000 preferred 'stock and the $500,000 of common stuck. This will mean 30 dividends on the -$1,000,000 of preferred stock and 23 dividends on the $500,000 of com. mon stock and, remember, the common stock is a gift. -.. The Sprague Tire & Rubber Company believes that no man will have his money1 in this company to exceed twenty months before he will receive dividends equal, or nearly equal, to these estimated profits. READ HOW DOLLARS HAVE GROWN WHEN INVESTED - IN THE STOCK OF TIRE COMPANIES Republic Rubber Co., Amount Invested $1,000, became worthy. Fisk Tire & Rubber Co., Amount Invested $1,000, became worth Diamond Rubber Co., Amount Invested $1,000, became worth. . B. F. Goodrich Company, Amount Invested $1,000, became worth .- , . .... . .. Authority Chicago Herald, March 18, 1917 The Mohawk Rubber Company began business in 1913 at Akron, Ohio. Up to December, 1916, an original $1,000 investment in this company had become worth. ..... Up to December, 1916, an original $1,000 investment in the Firestone Tire & Rubber Company had become worth . . . Up to December, 1916, an original $1,000 investment in the Goodyear Tire & Rubber Company had bcome worth. . . . . . . ., $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $1,000 $ 80,000' 120,000 150,000 696,000 12,000 120,000 250,000 Authority Andrews & Company, Investment Bankers, Chicago, New York, Philadelphia, Pittsburgh, Cleve land, Detro't. Statement Issued December, 1916. V t !if23 w&z u wM SOy rf t - V TIRE USERS IHII out and man toaay before it . ' . ... .... - . .. .. . ' C I. C MA 1 I f U wiyMymmmmsmmm 5 '. . ' .-.t ........ ...iJ It is a part of the Articles of Incorporation that every stockholder in this com pany shall Jbe able to buy his tires at a discount of 20 from this company's list price and this cannot be changed by a vote of the directors. Hence every stockholder in the Sprague Tire & Rubber Company, whether he owns one share of preferred stock or one hundred shares of preferred stock, is allowed to buy tires of this company at 20 from their list price. Fill out and man today before it is too late one of these three coupons TWO GOOD BUYS First A Liberty Bond. Second Stock in the S mpany. . We will accept your Liberty Bond as cash. Second Stock in the Sprague Tire & Rubber Company. . ' REFERENCE On E. H. Sprague Any bank or business house in Omaha Cash Coupon No. 1 Sprague Tire & Rubber Company 1106-7 W. 0. W. BIdf., B Omaha, Neb. I hereby authorize the Sprague Tire t Rubber Company to issue and deliver to me chare of its 7 preferred., cumulative, participat ing, voting itock at its par value, $60 per share, which stock is fully paid and non-assessable, according to the company's sub scription plan. It is understood that there shall be issued and delivered to me one share of its com mon stock free with each two shares of pre ferred stock which I purchase. I herewith enclose Dollars, payment in full. Maif stock certificates to the following name and address: Name Street '. k.....' City or Town. State Cash Coupon No. 2 Sprague Tire A Rubber Company 1100-7 W. O. W. Bldg., B Omaha, Neb. I hereby authorise the Sprague Tire 4 Rubber Company to issue and deliver to me one share of its 7 preferred, cumulative, participating, voting stock at its par value, ISO per share, which stock is fully paid and non-assessable, according to the company's subscription plan. As I am purchasing only one share of stock it is understood that I receive no com mon stock, but by owning one share of stock I receive the privilege to buy my tires at 20 discount' from this list price, the same as any . other stockholder. I enclose herewith luU, payment In full. Hail my stock certificate to Name Street City or Town State ( Information Coupon Sprague Tire & Rubber Company 1106-7 W. O. W. BldK. B Omaha. Neb. Please send me full particulars re garding the Sprague Tire & Rubber Company. If satisfied that the investment is good I might invest. . ..... .Dollars This coupon obligates me in no way whatsoever to buy stock. Name.. Street City or Town State.... 0)A 1106-1107 WOODMEN OF THE WORLD BLDG. u lit I If ff nn A U A IM r D D A C rs 4