The Ann Arbor Organ Co.

Tlio Ana Arbor Organ Co., establi-hccl Ifl 1872 ly I). F. Allmeiidinsir, was imo!ii(raU.'(l ia April 1888. On .lamuiry l&b, 18S9, $12,000 capital 1Viks pald Ín, diviilcd amóos 12 etock!,oUlei-s-. Jan. 1, 1895 thc pa-oíttts of ilic past sis yoaiK, and 1He additiooal i takiii by tlie original stockkolders, made the tabal capital stock $39,906. The present stbckholders are, with four exceptions, the samo as those organizing the eompany. In the year 1888 f rom Apr. 2nd to Dec. 31st, 9 months, 75 organs were made. In 1895 in Marcti alone 97 organs were shipped, or 22 more than the entire nurnber made the first year of the incorporaron, ïhe Company in 1838 emplóyed 12 men. At present, in factory aud retail departme-nts over 40 are employed. The past year the Company paid for salaries and páyroll upwards to $20,000, aud for lumber over $10,000 a year, most of which was bought in this section. Eacb year's business since the incorporation has shown agoodprofit. The past twoyears, owing to the extreme hard times, show a smaller gain, but in the first six years of the Company's business, even though placing a comparatively new organ on t.lie market. buildina od areoutation for it, experimenting vvith new patterns and new styles of cases, etc., to produce the most salable artiele, and hampered by lack of proper facilities and machinery, the resulta shown are very satisfactory. During the past two years new machiuery has been added, and improved methode introduced which reduced the cost of organs over 10%. If a new factory be erected, this can be still more reduced. Tliere is a profit in wholesaling organs of 15% to 20%, or from $5.00 to $10.00 on each organ. If 3,000 organs be made, and only $1.00 net profit made on each, a 6% dividend could be paid on a capital of $50,000, whereas experience shows there ought to be at least $4.00 to $6.00 clear made on each organ in this quantity. Soinething on the care iu management and making credits is shown by the fact that under the present managemeut, the largest amount charged for bad accounts in any one year bas been $327, while $936 covers total loss for last six years' business; It is desired to increase the capital .stock to $50,000, and a resolution was made by the board of directora at their meeting last Tuesday eVening for tuis purpose. Of this amount it is proposed to expend about $4,000 in the erection of a new brick addition to tho present brick poFtion of the factory, tearing down a part of the old, inconveuiejjt, wooden purtion which hasstobd solong. ÏTearly $1,000 will be used in erectinü a new, moilern dry kiln, and irom $7 ífiMiu useci tor tue purenase 01 1 new 75 trorse power engine, tbe present 25 horse power engine being entirely inadequate, l-'rom -the fact tliat orders are already 011 the books from the first class houses for from 2,500 to 3,000 01gans ayear, and the present capacity is not to evceed 1,000 the necessity for a larger factory is apparent. The Ann Arbor Organ Co. is 110 longer an ment. it is an assured success. rneir nstruments possess such inerit that bey compete in the market with the lder and botter known companies, nany of them liaving from $200,000 to 300,000 up to one milliou capital, and n competition with tliese companies he Ami Arbor Organ Co. has been able o secure orders frorn tlie largest jobbing ïousee in this country. Having passed lirough the experimental stage, and roven to our satisfaetion that orgañ aanufacturing along. the lines we have nirsued is a great success, and having a market establislied and the goods sold n advance, we invite tnoso aesinn nake a safe, paying investment, which will give large returns as well as build upalarge and Worthy inanufacturing enterprise in our city, to cali and secure whatever facts and infortnation they inay desire regarding tbis businoss. ïlio Aun Arbor Organ Co., L. II. Clement, Seo'y & Mgb. Fkedeick Schmid, Pees.