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Rainbow Ranche Collection

Letter from Chas. A. Ross to Directors and Shareholders of Cambridge Corporation, October 1909 Ross, Chas. A. Sep 30, 1909

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 Branches,   TORONTO
WHOLESALE      DEPARTMENT Winnipeg
"""^ " QUEBEC
Cambriogt Corporation Eimiteo,
f     General Publishers and Importers
00F*> HEAD    OFF.CE:-L,NOSAY    BUIL.OINO COPY.
MONTREAL.
To the Directors,    hareholders, of the Cambridge Corporation Ltd.
I have tiro honor to suhmlt for your information certain data in
connection with the present standing of this Corporation.
The annual statement of the Auditors rendered last spring taken
as of Jan. 31st. showed t'rat *.he retail Bept. was unable to earn its
dividend! and was even a greater loss than tie year previous. In fact
rime necessary to manage it was reducing every day m  effort to
, or increase t    leeale, an.. Kail Order Dopes, u-ic; are
undoubtedly the more profitable. The routine of work finally resolved Itself into one of finance,        ilf sapped the enthualaam
of all interested in producing buatne;      wo must do in order to
make a profit.
About .. April last, the '.  . er>.      :;ipany, en
tered into negotiate   ^r our »iddl® iloor, half the top story,and
permission to eut openings, on eac!. floor. For this consideration
we received #4,000,00 in cash, and an undertaking from Ufa. not t©
enter corupetitioi    us,     meant their retirement fro© the
iness, Booh,    Statleaery.      as an excellent arrang -
■ us. However a i-iore satisfactory solution or      ill
problem presented itself in August, vdien negotiations t.ere opened
•with Sereiiie* for    taking over <     major portion of the re-
.tail stock, wit mm  a - ire lease.  Pinal arrangements resulted aa
follows: Bcroggle purchased at inventory price $18500.00-and #15000
■for furnttur    fixturesfcaking a total of #20,000,00 in value. /
», §. . anouf pur.     n tna eduoal    atock in use m afcthe
mtreal schools, %\ ounta to ;iearl* #3,000,0© also   retuii ®f
124,500,00 pre. s^ock, and #5*000 cobjeiob- this called       surrender of hla charter, anfl Foster Bro^n la to take 12,000,00 at dost
price, fnia represents a sale of $25,000,00. We  have still left on
ad (value ■questionable) about #7,000,00 in Merchandise, and fixtures
its in detail means out covered our pur-
price for ti   tail.  ?hls cost us $40,000,00 in cash.
-
THIS   IS   A   SAMPLE   OF   OUR   EXCELSIOR   TYPEWRITING   PAPER   No.   23 +—!r-
WHOLESALE      DEPARTMENT
Branches, TORONTO
WINNIPEG
QUEBEC
Cambrtbgr Corporation Etmiteb,
General  Publishers and Importers
head   Office:—Lindsay   building
MONTREAL.
.".''00,00
aXua$a   I
IX ranim
IX  2
HO©  |3
m iraawifvrt to adult
aXXo*
ion
owaii to
ligations %m |l?fi
of i2Xf050*00a
#2%f700f00      Without  t*
Sn -tata 0U3
000a00 ScroggjU* p.
-if, a
,000,00
\ paid off tjy
?,00 which Ifl-
>riviiegeo al-
Ltd.
. it inteet,
iff a iitrie
to ia you
"    ?.^.y  ..-: , ■■o-,;., vi,  ■
iota, hu
period of iiq'uldatlo
,?!lty.QT&* '**1   t
wort 11 eons ide mb*
ectors
eelpt of I at ar
eretofore«
aX s tat distant*
• i:
mfe-        i took«
m at
nd 1 fcruat fc]
flM a tl
aoout
it  is
ela ate
"•■ ■-,„.
a riled is
, namely.
eon**
>leeale
As W* S       .    -oiiey 1 l
tinuation of what I had planned to
fLSvL1   »     I    %m* sprin, .       ip in Broome,
stores, i the otne?- oaaibUitiea in lar
ger tows, whore our prices can be lower, » local .. ire ant
**T '^ cut-Pile leu he special arrangement
;ohhers, ana »anuiactor- not have to stock,  out pur-
ise as needed, time saving vy stock carrying charge.
r;
THIS   IS   A   SAMPLE   OF   OUR   EXCELSIOR   TYPEWRITING   PAPER   No.   23 WHOLESALE      DEPARTMENT
Branches, TORONTO
WINNIPEG
QUEBEC
Camurioge Corporation Eimtteb,
General  Publishers and Importers
HEAD    OFFICE.-LlNDSAY    BUILDING
MONTREAL.
• • ' A:    : :
Jha
Ri;#*  as it
*%   fit 1
til order n
'.3,    t<>
»le<S un~
re will
t* Facile
■t.
ce
we      .an exoe    quart i
11 aoecKouat
ing, wi 4n t0
of sj;-ic< .  ho rental i« £i,ooo,oo a rear*
^ill Ocllege .aire.
the
■ for lactt
outloo]
i  ar
- »1000 a       WJl i x 0
.oa it* j r- -    g |0
ir-
■rcint    train, on all
* "f PAX  i        ith
Xliv Q4T^*kf V tr
(Signed)
Chaa.  A.  Boca.
THIS   IS   A   SAMPLE   OF   OUR   EXCELSIOR   TYPEWRITING   PAPER   No.   23

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