Ohio Incorporation Details for Capital Stock
Incorporated under the laws of Ohio for an authorized capital stock of 1 000 000 dollars with 500 000 dollars preferred stock and 500 000 dollars common stock.
This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 8 articles. Subscribers can read the full text of each article.
Newspaper
Carey Times
Location
Carey, Ohio, United States of America
Date
Jan 15, 1920
Page
8
Incorporated under the laws of Ohio for an authorized capital stock of 1 000 000 dollars with 500 000 dollars preferred stock and 500 000 dollars common stock.
The Carey Pico and Rubber Company is an Ohio Corporation organized to manufacture and sell rubber products. It states its purpose to produce Carey Tires and Tubes for the immediate period.
Organizers selected Carey after reviewing sites for its unique shipping advantages. They have bought fifteen acres in the factory district next to Hocking Valley and Northern Ohio Railroads to house a modern brick and reinforced concrete plant with a daily capacity of 500 tires and 600 tubes.
The Curey Tire and Rubber Company announces I A Seebach as superintendent bringing Mason Tire and Rubber expertise. Officers and directors are experienced, well known businessmen, pledging to make investments safe and profitable while advancing their own holdings.
The rubber tire industry remains in its infancy with production lagging demand. The rising automobile output drives higher tire and tube needs, while foreign markets broaden the field. Experts expect demand to exceed production for years to come.
The first year will be below capacity with projected output of 500 tires and 500 tubes daily. Annual profits estimate $525000 from tires and tubes, after reserve and stock distributions, with $185000 remaining for common stock distribution. Industry demand and rubber profits are noted as ongoing positives.
A dealer promotes buying preferred stock with a liberal bonus of common stock. It argues the common stock carries high upside once the factory is profitable, while preferred acts as a first mortgage with guaranteed but capped dividends. The text claims common stock yields immense profits through corporate value.
A formal invitation explains that information will be furnished on request and invites the reader to visit the Carey office to discuss an investment proposition. It emphasizes no obligation for inquiry and promises prompt attention to responses.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.