Show PATRONS SHARE I IN THE PROFITS Walkers Store to Issue Bonds or Stock to Friends IL WILL DRAW 7 PER CENT CENTs CENTt s t k c CAPiTALIZATION 37 f TO 19 O BE BEIn B j CR In order orl r to Hp k ee p abreast of ot t the he theto th to enable customers custom ip o share r in n tho hc profits f of the business ind fur further further ther t trade the th WL Sy 1 eh i s Dry DiJ ds company has decided to amend amend its articles of incorporation to permit of an increase of capital capit l stock from to the present prese t stockholders taking all the Increase In r ase and lh lii addition add Issue more motet either in preferred pi ferr d stock bear bearIng Ing 7 per cent issue or 01 in first mort mortgage mortgage gage bonds bearing the same rate ratemaking making maIng a total capitalization of The Thc additional over and above the he capitalization will be dis disposed disposed posed po ed of ot by the company to its cus customers customers The preferred stocks or pr bonds will IH be he sold to t the purchasers ir In blocks according to their wishes Speaking g of the matter last evening J T R Walker Valker said eald I Chance For Tor Customers It seems s ems to be ba the popular Idea nowadays with mercantile companies and other companies to have a larger l number of ef t stockholders and it is i for this reason re son that this t ls company desires d s res resto to give its patrons and friends an op opportunity opportunity opportunity If they thoy desire to accept it of purchasing and owning stock in ln the company from which they make their purchases The proceeds of the preferred stock or bonds whichever Js is issued will be used for treasury ry purposes pur and the en entire entire tire assets as ts of the company amounting to over will be security for forthe forthe forthe the Issue During the past seven years the net profits of the company have been over on a capital of ot besides c having paid about to the bank bankas as Interest and exchange which will willbe willbe willbe be materially reduced by the new issue At the time the inventory wars waa w s taken in January the company was owing less than for merchandise end and this was vas not due for the highest discount for cash cashAt cashAt cashAt At the th present time a large amount of money mone Is being expended in the store in putting in new fixtures It Is the purpose of the new owners to make the establishment a strictly store and one that will compare favor favorably favorably favorably ably with any in the east of the same same size Mr Shelp the manager is now v in the east with seven buyers making the th purchases for the spring trade At the stockholders meeting of the Walker Bros Dry Goods company held heldon I on Wednesday Feb 18 Joseph R It Walker was elected president of the company C A Walker Valker was as made vice president and secretary M 11 J T Chees Cheesman Cheesman Cheesman man was elected treasurer and S V Y Shelp manager These together with M 11 H Walker Valker Sharp Walker and George R B Walker alker form the board of or directors |