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About The Conservative (Nebraska City, Neb.) 1898-1902 | View Entire Issue (April 4, 1901)
"Che Conservative * 13
Directors heartily approved of the
arrangement and instructed the officers
of the Company to put it into effect
without delay. A supply of circulars
like the enclosed has been sent to you
today , containing particulars in regard
to this offer to employees. We wish
you to give one of these circulars to
each one of your employees.
We think it is unnecessary to direct
your particular attention to the liberality
of our proposition to employees to buy
stock for them and to allow them to pay
for it in installments. The Company
has no stock of its own to sell to
emyloyees. When applications from
employees are received , the Company
will buy the stock at the best price
obtainable and hold it for them , in
accordance with terms named in circular
letter. Of course , it is not practicable
for us to purchase one share , as the
expense of so doing is much heavier in
proportion than when fifty or one
hundred shares are bought at one time.
It is our intention , therefore , to purchase ,
say , fifty or one hundred shares at one
time , as the number of applications may
warrant , thus giving the employee who
wants one share the benefit of the
quantity price. While we wish to have
applications from salesmen , foremen
and heads of departments , it will give
us particular pleasure to receive them
from the younger employees of your
, plant. We have a few managers who
are not Stockholders. We shall , of
course , expect them to head the list at
their respective plants , either with an
application for purchase of one share on
the installment plan or to buy for them
from one to five shares for cash. Until
further notice , we will receive applica
tions for purchases of shares of Pre
ferred Stock on the installment plan at
$92.50 per share. At this price , the
stock pays about 7 } per cent. If you
want any additional particulars m rela
tion to this arrangement , we will bo
glad to furnish them to you upon appli
cation. The essence of the whole matter
is , however , that this is an opportunity for
each one of our employees to become part
owners of the business from which they
derive their livelihood ; that they will
receive their mone.y back with interest at
the rate of 4 per cent if they should , for
any reason , fail to pay in full for the
share of stock which they have made
application for , and t/tat they will get at
least 7 per cent interest , dating from the
time of first payment , if they make com
plete payment for it , as long as they pay
$100.00 per share , or less. For the post
tliree years the Company has earned
twice as much money as was necessary
to pay the dividends on the 'Preferred
Stock. The Company appreciates the
advantage of having its employees
interested in its welfare ; hence it will
pay all brokerage fees , transfer charges ,
and any other expense connected with
the purchases of stock for them , in
accordance with the terms of circular
dated 21st inst. , signed by Mr. Green ,
Chairman of our Board of Directors.
Wo expect to receive a number of appli
cations from your plant within the next
three or four days as an indication of
your hearty sympathy with this move
on the part of our Board of Directors.
In addition to a supply of circular
letters which are forwarded to you
today , we are sending you some blanks
with instructions in regard to their use.
Yours very truly ,
B. F. CRAWFORD , President.
H. F. VORIES , Vioe-Prest.
WHITEBREAST FUEL COMPANY ,
IOWA AND CLEVELAND.
S. A. FORBUSH.Jr. , Gen. Sales Agent , OTTUMWA , IOWA.
NATIONAL SHAWMUT BANK ,
FEBRUARY 14 , 1901.
Capital - S3OOOOOO.OO ,
Surplus and Undivided Profits - 1,962,442.32
Deposits - - - - 31,330,831.39
Accounts of merchants , trustees and corpora
tions respectfully solicited.
DIFFBRBINT AIND BBTTBR
than aiiythiug you have ever used. It's
AND IT "COMFORTS ALL HURTS. "
A specific for all external inflammations of the
Believes Pain , Controls Fever and Prevents
FOR GUTS , BRUISES , BURNS , SCALDS , ETC.
Yes , your druggist has it or can get it ; if not , we will send it postpaid
on receipt of price and his name. 25c and 50c a Bottle.
SKENB & WlbSON ,
041-643 Unity Bldg , CHICAGO. Sole Agents for Chicago and Northwest.
GREAT CHANCE FOR HUSTLING AGENTS-WRITE US.
Use Rock Salt for Brine , Pickles , Hides , Meats ,
Ice Cream , Ice Making , Fertilizing , and Refrigeration.
Kansas Lump Rock Salt
GROUND ROCK SALT C"t C4sslr MINES&WORKS
FOR STOCK , r Or OT.QGK. LYONS&KANOPOLISKAN
PUREST , MOST HEALTHFUL , BEST , HIGHEST AWARDS AND MEDALS FOR PURITY ,
WORLD'S EXPOSITION , CHICAGO , 1893 , TRANS-MISSISSIPPI EXPOSITION , OMAHA , 1899 ,
WESTERN ROCK SALT CO. , ST. LOUIS , MO.
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