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This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Washington Star
Location
Washington, New Jersey, United States of America
Date
May 03, 1900
Page
7
In Franklin area, residents debate a proposed sixty foot miles road with central tracks aiding a tram program. Some oppose, others advocate compensation and incentives for labor, while community tensions rise around the Edison plant and railroad progress. Local figures, events, and sites color a tense civic scene.
Prospectus for Siegel Co Operative Stores New York and Chicago outlines 2 million in common stock and 200000 shares of 6 percent cumulative preferred stock with a life pension provision for long serving employees. It emphasizes double assurance to preferred holders and details dividend priorities and trust arrangements. The document notes ongoing cooperation with Chicago and New York establishments and aims to reward employees with profit sharing and patronage.
The document asserts thousands of stockholders will boost patronage and earnings for the new company, with assets including fireproof store buildings and real estate in New York City. It claims the cooperative will start without debt, using trust deposits to secure dividends on preferred stock, while withholding full business details from competitors and the public.
News notes from Belvidere chronicle a pledge by Siegel Cooper & Co veterans to manage a new firm while depositing holdings with a New York trust. The column also covers local civic updates including a Justice of the Peace appointment, a Junior Mission League, school and church changes, a fire of social events, and community concerns over water, schools, and the upcoming lottery drawing.
The text notes continued growth in subscriptions, with a target of 200,000 shares. It mentions Gowr ed, SE EL-COOPER CO and stores in New York and Chicago, indicating broader distribution and a fundraising or issuance event across major markets.
The Central Trust Company announces public subscriptions for 200000 shares of preferred stock. Subscriptions may be made in person or by mail using blank forms at Central Trust, 54 44 Street New York, and Siewils Cooper in New York, starting Monday May 7, 1900, for one week with possible one day notice. Subscriptions require payment of 10 percent ($10 per share) by money, money order, or draft, receipts issued by the trust. Allocation notices follow. balance due by July 5, 1909 upon delivery of stock.
A garbled excerpt lists visits and social events in Newark and nearby towns. Mentions include Mrs Atyra Collard of Newark visiting Gilsphe, Rev Rangie visiting a relative, and church activities at Hackebtslows. Also notes Arbor Day school outing, Sunday school officers elected, and local residents attending gatherings. Productive entries include references to Miss Florence Stout and Miss Ratiertsots with Arbortide events.
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