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Show $10,000,000 j The Firestone Tire & Rubber Company Nlv Yojx Seven Per Cent Cumulative Preferred Stock Par Value $100 Dividends payable quarterly on the fifteenth of February, May, August and November. Callable as a whol or in part at the option of the Company on any dividend date on ixt7 days' notice at 110 and accrued dividends. Stock exempt from the General Property Tax under the existing laws of the State of Ohio, and dividends exempt from the present normal Federal Income Tax. CAPITAUZATION Upon completion of present financing Common Stock $25,000,000 $ 3,500,000 7 Preferred Stock (thU usue) 40,000,000 10,000,000 6 Preferred Stock 10,000,000 10,000,000 We call your attention to tie fo!!crzi-.Kg summary of a Iriier from Mr. II. S. Firestone, President of tht Company : BUSINESS: Tnt prprnt Company is successor to a company of the sarrt? name found ed in 1900. Its products consist of solid rubber tires and pneumatic tires and . tubes for passenger cars and trucks, tire rims, steel bases for solid tires, and ' , a miscellaneous line of rubber goods, including boots and shoes, bicycle and motorcycle tires, and tire accessories. PURPOSE OF The proceeds will be used for: Additional equipment to increase the output ISSUE: f plant Xo. 2; enlarinj the output of cord tires in the main plant; con structing a new mechanical building and a new steel rim plant ; additional working capital. SECURITY i -he Company will maintain at all times Net Quick Assets equivalent to 125fe, and total Net Tangible Assets equivalent to 200fo of the aggregate par value of both classes of Preferred Stock then outstanding. If 25fi or more of the holders of this stock object, the Company will not issue any debenture bonds maturing later than one year from their issue, or place any mortgage or other lirn upon the assets of the Company, or permit any of its present or future subsid:ary companies to do so or authorize anv i additional stock with rights equal or prior to the rights of the lo Preferred i-tock. ASSETS:! The total Net Tangible Assets as of July 31. 1919, after giving effect to the present financing and after deducting the outstanding amount of 6 Preferred Stock, amount to over $48,000,000. ' , EARNINGS: During the last 8J4 years the average annual net income after payment of dividends on the 6 Preferred Stock was $3,148,805, or over 4 times the dividend requirements on this issue. The annual average of the net earnings for the 34 years ended October 31, 1918, was $4,652,592, or over 6zi time the dividend on this issue. PREFERENCES: This stock is entitled to 7 cumulative dividends after providing for the dividends and redemption charge on account of the c'yo Preferred Stock. If called for redemption, or upon any distribution of the Company's assets, whether by dissolution, liquidation, merger or consolidation, this stock is entitled en-titled to 110 and accrued dividends after providing for the 6ft Preferred stock at the same price. j SINKING FUND: Beginning in 1921, not less than 10fe of the net income after providing for ! dividends on and redemption of the 6 Preferred, and dividends on the 7 Preferred, shall be used for the redemption of this stock at 110, if not obtain- j able in the open market at a lower price. i All legal matters pertair.'rg tq this isue will be passed opon for us bv Me-srs. Snearmaa 5: S'erl-'nr Ken- York, and by Messrs. Milier, Oorham & Wales, Ci-.cago, tor the Company. The accounts have been audited bv Messrs. Haskins & Sells, Certified Public Accountants . I We offer this stock for subscription, subject to allotment, if, as and when issued and received . by us, and subject to approval of Counsel at 100 and accrued dividend Temporary certificates will be ready on or before October I,. I Complete circular upon request. The National City Company Correspondent Offices in more than 50 Cities in the' United States and Canada Chicago 137 South La Salle Street The National City Com ran? through its ex-ptrts has made a careful anaij-ais of the oS-.eiai statement, eaT-n?-r. tr.d t-a'-ces th$ p.-uperucs oi th- Coaany, and while it dees not g-uarantee tatrn, it believes the statements in tius id eruseeut lo be c-rrect aid has iticil acted u;a uch tnioroauoa. Mother knows ! will heal it i She has been through it so many times before that she neverhesitates r.O' When anyene in the family comes to her with a spot of eczema ! or an itching rash, she gets out the I jar of Resinol Ointment and gives ! prompt relief. And a few appiica-! appiica-! tions seldom fail to clear away the I irritation completely.- 1 Resinol 0;.n'-Tr.r.t 15 an ficeRer hea'ine ! dressmc, too, for burns, .calds, cuts and stuo-I stuo-I born littie ma. Soli by all Jmipo, tet sar-pie free, write to Dept. 41-R, Resmo!, 1 Baltimore, Md. V14 Kttuvl Sfr Mu. lo une tan loucn Your Valuable .Papers If they are seuurely l ' tucked aivay in one cf jl your safety deposit i boxes. A courteous custodiau : in charge is always I I ready to serve you. We have the box to f 1 suit your personal jp needs. ; Jlodest rental. iJ - MAIM W. S. MeCornick, Pres. Anthbn II. Lund, Vice-Pres. George Albert Smith, Vice-Pres. Fred M. Jlichelsen, Cashier. D. E. Judd, Assistant Cashier. j GIRLS WANTED Pleasant working conditions. Good pay. Steady em- I j ployment. Apply at once. - S j SWEET CANDY COMPANY I j 213 SO. FIRST WEST. ,,,,,LAKE' . 1 '"v-'", h XK PP'rt unities to y-J Tribune Want IT r you have lost or toun-1 anvthinsr, set the searching e-ye? pt The Tribune Lost and lo und Column a, 'work. |
