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Newspaper
Scranton Tribune
Location
Scranton, Pennsylvania, United States of America
Date
May 01, 1900
Page
6
A historical survey of railway, telegraph, cable and postal progress marking the century’s transport revolutions. It traces steam, ocean cables, the transcontinental railroad, the rise of the telegraph and telephone, and the impact on global commerce and travel.
Prospectus announces 200000 shares of 6 percent cumulative preferred stock to be offered with full dividend rights before common stock. Dividends secured by trust deposits in New York and Chicago, with life pensions after ten years for disabled employees. Siegel-Cooper will take over both New York and Chicago stores July 1900, starting without debt, and promises strong employee and patron benefits.
The same leaders who founded Siegel Cooper Co in Chicago and later its New York sister store pledge to remain at the helm of the new company. They commit to a term of years and will deposit all their stock with Central Trust Company of New York to secure the pledge.
The Central Trust Company and Siegel-Cooper Co announce subscriptions for 200000 shares of preferred stock. Subscriptions start May 7, 1900, from 10 a.m. at 54 Wall Street New York and Siegel-Cooper stores New York and Chicago, for 20 percent per share with receipts issued. Balance due by July 5, 1900 upon stock allotment.
The proposal outlines distributing remaining stock by subscription size, giving one share to single subscriptions, two shares to two-share subscribers, three shares to three-share buyers, and continuing in order for larger amounts until all 200,000 shares are allotted. The aim is to extend benefits to as many patrons as possible.
Fragmentary OCR text references a person unable to attend a father, talk of prosperity, and business discussions in Detroit Free Press. Details are indiscernible, with many garbled phrases and names missing.
Court transcript shows defense acknowledging the charge of beating a wife while the defendant claims the victim won’t admit being beaten. The exchange underscores contested allegations and judicial proceedings in a domestic violence case.
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