lty of certain grades of goods over which it will have entire
control, thus avoiding the direct competition incident to the general
trade. Yet it will to a limited extent handle a general line of goods
common to this class of business.

Management.--The management of the Company will be in the hands of those
well known and experienced in the business, as practical furniture
makers and able financiers, whose standing will bear the closest
investigation for high moral and business character.

Mirrors and Mantels.--This business now becomes one of the branches of
the Company, by purchase on highly favorable terms, and which at once
enables it to possess a business of profit and thoroughly established,
and ensures an income which places the Company at once on a
dividend-paying basis.

Display Racks.--In addition, the Company has secured in like manner the
entire control of these, the most valuable articles of store furniture
that have ever been put on the market, and which have already received
substantial recognition of their value and demand among merchants and
traders throughout New England. This business has likewise become
already established, and only requires the usual attention of standard
goods to ensure a large and profitable income.

Factory.--The Company will for the present retain its factory on Beverly
Street, which is well supplied with every facility for a large business,
and in due time will secure proper warerooms in some desirable locality
near the centre of trade in Boston.

Business Outlook.--Considering the outlook of the manufacturing
interests for the coming year, investors are all agreed that whichever
party may triumph in the approaching presidential election, the incoming
administration will practically stand committed to a vigorous policy of
encouragement and support to our manufacturing interests. Hence our
far-seeing capitalists are wisely counting on a remarkable activity in
this branch of industrial development; and consequently are predicting
such a boom in manufacturing stocks the coming year as characterized
mining stocks during the years of '78, '79, and '80.

Our Stock as an Investment.--That the Stewart Manufacturing Company's
Stock will commend itself to the careful consideration of the most
conservative investors there can be no questions, for the reason that it
starts off on a dividend-paying business, founded upon a line of
specialties over which it has supreme control. Thus,