Show l t I io ati i j f I 1 j t r 4 r j t I T J Tl yr ur J JT h 1 0 i 4 t r 1 1 i I I T J 1 1 1 1 Jl r J I f t 1 2 l' l a L C r 1 i F V GH I P. 4 tr io I t f J t r f f 1 If I f Iti i. t. t pry t It I- I t s. s r r- 14 4 k kr J r If t n 1 1 t f 11 3 i. i t t i f. to t I POST that o t h 1 H soli I Its It's the Wake Wake- Wake Wake-Up Up Food t. t Yo U need an energy food these summer mornings P but you want it light and easily diS digestible Try a II heaping bowlful of oC the Wake Wake-up Food Foo Post 3 Here's Heres a n delicious breakfast that's as light as toasted 4 r flakes finites can make it and full o of energy to fight off that lazy hot bot weather that is i feeling Energy quickly re released Ie c leased to the body its it's eo so easy cay to di dig digest t. t z And how those crunchy flakes tempt the appetite j Delicate flakes from the tender hearts of selected white co corn toasted golden crisp and ond seasoned to lakes a k f. f flavory goodness Every member of the fans family votes G for this quick-energy quick breakfast the Wake-up Wake Food c 4 f Post 4 t n And dont don't forget theres there's theres there's just one ono way to get the tho th ti a t. t j t. t Wake-up Wake Food A Ask fc your jour grocer for Cor Post r x J In the red and ellow ed I. I yellow Tap wrapped wax package f 1 CO COMPANY INC BATTLE CREEK MICH C 1929 P. P Co loc r dj I New Issue 0 j t ti t e I R if Western News Newspaper a Union n A Delaware C Corporation 1 Fi Fifteen Year Fifteen een Year 6 Convertible Gold Debentures Dated August 1 I 1929 Due August I 1 1944 Interest payable February 1 and August 1 without deduction for norm normal Fed Federal rat income tax tu not exceeding 2 The Company Com Coin ft pap pany Y will agree to refund to h holders upon proper application an any State income t tax not uce exceeding ding per r annum and andin in in Massachusetts f not exceeding 6 per r annum n and d personal property Y and security taxes in in certain States Mates as pro pro- i vided in in the Trust Indenture Red Redeemable at any time time as a 3 whole or in fn part on on 60 days' days published notice at accrued interest C Debentures in denominations of oC and and Coupon upon interchangeable 1000 as to principal only Central Hanover Dank and Trust Company Trustee Debenture will wilt be convertible COD at the dlf option of the holder horder at any time prior to m maturity or up to five fie days day J prior to earlier redemption into Common Stock at the rate rat of 40 share bani for lor each JJ 1000 principal am amount amount q H. H H. H Fish Fisli Esq Pr President of the Com Company any summarizes from his letter to us as follows BUS BUSINESS I N E S S Western Vestern Newspaper Union s successor to a company of the same name and a business founded in in 1865 serves more than daily and weekly country newspapers maintaining fully fully equipped plants in 36 key cities of the United States from California to Massachusetts The Company supplies these newspapers with ready printed inside pages or with columns of prepared plate containing various feature stories serials and special articles selected by the newspaper publishers places national advertising ing in their papers and prepares cuts and copy for local advertising campaigns The Company also does a a large volume of commercial printing prints in their entirety entirety various various maga magazines nes and trade journals and is responsible f for r the mechanical production of rr many of the feature services of The Associated Associate Press t 4 Ii FINANCIAL During the past 20 years net profits of Western Newspaper Union after all charges including ing depreciation depredation but before Federal taxes averaged more than annually and in no J single year were such net profits less than Net profits after depreciation depredation but before Federal taxes fo for the past 4 years years as certified by r Arthur Andersen Ea 6 Co after eliminating operations of the paper mill which is being b sold coincident with this financing and after other adjustments arising from the Is reorganization reorganisation as stated in their certificate were as follows 1925 4 1926 ff rJAY 1927 r f t f f I 1928 I Such net profits as above have averaged about annually and for the year year ended December 31 1928 amounted to equivalent to more than 3 times the annual Debenture interest requirement After deducting from such net profits in 1928 Debenture inte interest cst requirements Federal Taxes parent company at 12 1 and Preferred Stock dividends the balance amounted to over or about per share on the shares of Common Stock Stock to to be presently outstanding The net assets of the Company available for the these e Debentures based on the balance sheet F Fas as at April Aril P 30 r 1929 I adjusted J to give effect to the present financing including the sale of the paper mill were vere in ex excess of 1 01 MANAGEMENT A NAG E IVI E N T Since the death in 1916 of the former owner George A. A Joslyn his widow and other heirs have owned the majority of the Common Stock of Western Newspaper Union control of which is now being b acquired by the executives who have been r responsible for its successful operation during the past 13 years All legal l details will rill be e upon b s hj Moor Hard SI Main Cr Case t c I won nan non 6 55 r Roan ROlUS r o oj of C cco and by oj j X t i F. F FA A. A Willard Co Ames S l Co Inc New York Philadelphia t. t Chicago ti Nc New Y York 1 k and contained in to e abo mentioned letter tad and mt summary the information ita the accurate accepted summa have c a 3 c Wc ut no errors omissions or misstatements m ice said taul letter leUer o 0 or summary shall give guc C 1 rise rhe to any y rl t or clam claim against us w. July 1929 l f |