TIIE SUNDAY OREGOXIAN, PORTLAND. NOVEMBER 27. 1910.
Coin Machine Manufacturing- Company's
Plain Statement
Fact
of
to
the
Business
Men
of
Portland:
A TPfeT TV IE? CI T&i T"s double Pae s tie largest advertisement we have published. It is the largest we will ever publish. We realize that the
J.&J v Jt-i-K. JL JLOiLl N importance of this message demands your attention. We are conscious of the large number of small advertisements in this
iSSUe and the consequent insignificance of attempting to convey the following information in any other way. Our adver
tising expense is not large and is not intended to be large. It is definite. We have a certain allowance for advertising purposes. We have not exceeded this amount and will . not do so.
THE MACHINE
TIIE POTTER AUTOMATIC CHANGE
COMPUTING MACHINE is the only me
chanical device in the world that will automat
ically compute and pay the exact amount of
change in anv transaction, from ONE CENT
to ONE HUNDRED DOLLARS; that will
total the amount of transactions due to its op
eration, up to ONE HUNDRED THOUSAND
DOLLARS; that will print upon the face of
every sales slip the exact amount of the pur
chase; that will pay either paper money or
coin, at the will of the operator; that answers
every demand that has been prevalent among
mercantile houses for a quarter of a century.
This machine, with its wonderful versatility, Is
made of 1200 parts, many of them duplicates,
and each operated by positive action instead
of springs.. It is essentially mechanical, re
markably durable, easily operated and a mar
vel in the performance of its functions, accu
rately, promptly and regularly. It is impossible
for the machine to make a mistake, while er
rors of the operator are immediately detected.
Cable Ai!lr: Accounts
Code: Weatern Union.
Wm Whitfield & Co.
Wm. Whitfield.
Chartered Aocountant.
Affenta for
M'tAREN, (iOODE CO,
Certified Public Accountants,
San Franclsro. Lou Angeles. New Tork.
Chicago, London,
ACCOUHTA7TTS AVD ACTHTORS,
COMMERCIAL CXtTI BCTLXtRrO,
POBTUUrXK OBLEOOST.
November 26th, 1910.
To the Coin Machine Manufacturing Co., 720 Corbet Building, Portland, Oregon 1
Dear Sirs: We hereby certify, that from an examination of the took and records of ytrar company
we find that from August 25th, 1910, to November 25t 1910, inclusive, there hare been five hundred and
sixty-one (561) shares sold of the treasury stock, formerly consisting of nine thousand (9000) shares, par
value nine hundred thousand (900,000) dollars. In addition, Mr. T. Irving Potter has contributed to the
company from his personal holdings, one hundred and seventy (170) shares, par value seventeen thou
sand (17,000) dollars, which have been used to purchase a thirty-acre factory site in Pennsylvania.
Making a total issue during the period of 731 shares.
"Eighty-five (85) shares have been sold during three days of this week.
Yours faithfully, WM. WHITFIELD & CO, .
' Accountants and Auditors.
The above report shows the total sale of the capital stock of the COIN MACHINE MANUTAC-
TUEINO COMPANY to be $73,100
Sales made yesterday, November 26, add 35 shares, or 3,500
COIN MACHINE MANUT AC TUBING COMPANY-
$76,600
THE DEMAND
Department store men of prominence on the Pacific Coast have been called upon to pass
judgment upon the practicability of the POTTER AUTOMATIC CHANGE COMPUT
ING MACHINE, as applied to their own lines of business. "Without exception, they have
pronounced it perfect and eminently adaptable for the purpose for which it was designed.
Each one of them has expressed a desire or intention to install the machine the
moment it is ready for use. Conditions are the same the world over. Wherever there is a
store, there is room for one or morcof these machines.. Why shouldn't there be? The
very inaccuracies, errors and troubles that the machine corrects have long been the prime
source of greatest annovance to large mercantile institutions. The cost of installing a
complete system of POTTER AUTOMATIC CHANGE COMPUTING MACHINES
will be saved in a very short time by the time and labor it saves and the convenience
which it adds to patrons. Portland, alone, as the result of careful inquiry, will use from
500 to 1000 machines within one year from the time of first manufacture. Seattle, Spo
kane, Tacoina, Oakland, San Francisco and Los Angeles will use as many or more. The
Pacific Coast will purchase 10,000. The United States can easily use 300,000. European
countries will demand more, in addition to these, than it will be possible to- supply To--many
years to come.
THE PROFIT
In determining the probable pfofit to be. derived from the sale of the POTTER AUTOMATIC CHANGE
COMPUTING MACHINE, capable men have been consulted. The small number of parts required in the
construction of the machine, as well as the duplication of many of them, is a prominent feature in
reducing the cost of production- The consensus of opinion places this cost at considerably less than $50
each in quantities. This is approximately the same cost as that of a prominent adding machine now upon
the market, which has three times aa many parts. To be very conservative, we will say that the cost of
manufacture is $100, with the following results:
Manufacturing cost $100.00
. Selling commission 125.00
Office and, advertising expense 50.00
TOTAL COST : $275.00
Seasonable selling price . .$375.00
NET PEOHT PER MACHINE.: $100.00
For extra conservatism, we will estimate that the net profit per machine is only $75. "With an out
put of only 10 machines per day, as against 400 cash registers and 450 leading typewriters, there results
a daily profit of $750, a yearly profit of $225,000 for 300 working days, or a net profit of 114 per cent oo
the total capitalization of $2,000,000. This, recollect, is based upon one machine, in one country. With the
world for a field, several other valuable devices and the foreign rights of the Potter Cashier, a healthy
return is assured for every investor, regardless of the amount invested.
THE PLANS
THE COIN MACHINE MANUFACTURING COMPANY purposes to sell
a sufficient amount of 6tock to provide funds for the erection of a perma
nent factory on its 30-acre site, immediately adjoining the property of
the Westinghouse Electric & Manufacturing Company, near Pittsburg,
Pennsylvania. This site has been purchased by this company and tho
deed is in its possession. Meanwhile, a preliminary plant will be erected
at the corner of Grand Avenue and Hoyt street, a lease for which has just
been signed by the officers of the company. At this place, all model ma
chines will be built, all dies will be made, all plans will be drawn and all
machines intended for Pacific Coast distribution will be assembled.
Erection of this plant will be started very soon. The building of the
permanent plant will bejrin aa soon as the directors believe that the
amount of stock sold justifies such action. The plant will then be hurried
to completion and during the interim, the necessary machinery for tho
big plant will be built, to be ready for installation the moment the build
ing is ready to receive it. While these things are in progress, a competent
sales force will be organized, whieh, as a matter of fact, is now being
developed, so that the opening of sales agencies in all parts of the United
States will follow the production of the first machines.' An adequate
advertising campaign will be prosecuted, in connection with a careful,
personal canvass, to establish a market for the machines, from the very
outset, sufficient to tax fhe manufacturing capacity of the company.
TIME REQUIRED
While the enormous amount of work ahead of the company
has been systematized to the smallest detail, and economical
and effective methods have been and are about to be in
stalled, to facilitate the accomplishment of definite results,
the officers of the company are satisfied that at least two
years will be required to hegin the manufacture of machines
in commercial quantity. Investors, therefore, are urged -to
consider this point when contemplating a subscription to
the stock. The opportunity for investment suggested by
this company, although magnificent and certain, is not phe
nomenal. The profit is legitimate and well founded upon
commercial principles of the most substantial character. To
introduce a novel, mechanical appliance, regardless of how
worthy it may be, contemplates the revolution of old meth
ods, as well as the qualification of the new. This consumes
time, and investment in the stock of such a company must
be made with the expectation of allowing a reasonable length
of time for the completion of all the preliminary steps. Upon
them rest the integrity and permanency of the. company.
Results will follow after that.
THE COMPANY
THE COIN MACHINE MANUFACTURING COMPANY is strongly in
trenched. Already years ahead of any possible competition in the charac
ter and simplicity of its devices, the company is especially favored with
a set of officials who are successful men, of ability, integrity and com
mercial standing. The officers of this company actually perform the
duties incumbent upon them. The directors give plenty of time to direct
the efforts of the company. Being men of high business standing, the
operations of the company may be relied upon to conform strictly to the
most approved lines of procedure. The COIN MACHINE MANUFAC
TURING COMPANY is peculiarly fortunate in having interested such
men as know the value and field of the POTTER AUTOMATIC CHANGE
COMPUTING MACHINE. Absolutely knowing the wide demand for
such a device, these gentlemen are not only interested as directors, but
are enthusiastic over the possibilities and probabilities of the future. The
following directors are well known to the business men of Portland:
H. C. WORTMAN, of Olds, Wortman & King; H. D. RAMSDELL, Mana
ger, Lipman, Wolfe & Company; T. IRVING POTTER, Vice-President
and Assistant Manager, T. B. Potter Realty Company; T. B. POTTER,
President and General Manager, T. B. Potter Realty Company ; A. D.
BOWEN, President Pacific Western Cmpany; W. J. CLEMENS, Insur
ance ; L. E. KERN, Brick Manufacturer, Portland.
Officers and Directors
II. C. Wortman.
II. D. Itamsdell.
T. Irvins Potter.
T. B. Totter.
A. D. IJowen.
XV, J, Clemens.
L. E. Kern.
OTHER DFVTCES
The Coin Machine Manufacturing Company has several other devices in process of formation, some of them
so well along as to be about readv to put into the metal. Each of tbes is as valuable in the particular line
for which it is designed as the Potter Automatic Change Computing Machine. Principal among them is a
simplified adding machine which promises wonderful results the moment it becomes merchantable. The
other devices are not in shape to make public The field for the manufacture of coin-handling devices is a
marvelous one. There is no end to the utility to which such devices can be devoted. Mr. Potter has spent
the major part of his life in studying the adaptability of automatio machines of this character to com
mercial use. His designs have all been pronounced practical by those who are familiar with them, and the
Coin Machine Manufacturing Company will have the sole right to manufacture and market them.
THE STOCK
The COIN MACHINE MANUFACTURING
COMPANY is incorporated under the laws of
the State of Oregon for $2,000,000. The par
value of the stock is $100, fully paid and non
assessable. The first 1000 shares have been
offered for sale at $60 each and the company
reserves the right to raise the price $5.00, or
more, per share, beginning with the idea of
advancing the price after every 1000 shares
have been sold. Upon this basis, the stock
will be selling at par when 7000 shares have
been placed. About 800 shares have already
been sold, during a period of six weeks.
Even at this rate, which has been handi
capped by the introduction of' a new in
vestment, the stock will have reached par
within a year and two months. As a matter of
fact, the value of the machine is now so thor
oughly established in the minds of conserva
tive investors of Portland that the stock will
probably sell rapidly from this time on. Spe
cial attention is called to the fact that there is
not a share of promotion stock for sale. Every
share is issued direct from the treasury.
OFFICES
Coin Machine
Manufacturing Company
720 Corbett Building