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-gn 1.;-,nn :mn THE m WN GUARD1i\l~1’_~.-1 , .. . ~ I ' ' 'rmn_'wlu»~ _ FEBRUARY 14, 1914
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but
PROSECTU  
“The Soverign Silvei°Black Fox Company Limited”
Authorized Capital _ ' I $750,000.00 I
Stock Issue for 15 pairs I 375,000.00 =
Shares Each _ $10.00 »
_ HEADt OFFICE   _ _ 0
St. Louis, Prince Edward Island, Canada
OFFICERS I I P
WILLIAM P. CALLAGHAN. President and Manager; President St.-Louis Dairying Company and one of the
executive of the Silver Fox Association of Prince Edward Island and senior 'partner of WP Callaghan
fs? Co., General Merchants, St. Louis. - r ‘
RICHARD E. SPILLETT, Ch’town, Vice-President, Managing Director of Spring Parlc Silver Black Fox Com ‘
` pany’
and a member of the firm of Dillon B Spillett. the largest buyers of Dairy Produce on Prince Edward Island.
]. A. CALLAGHAN, St. Louis Secre
, tary Treasurer and junior partner of the firm of W. P. Callaghan &'T Co., St. Louis
B0/XRD OF DIRECTORS 1 'i
Chas. H Dalton, M. D. Brookline, Mass. Chairman, Hon. _Iames A. M cl\leil, Com. of Public Works, Ch'town, P. E. I.
, Michael Lux, Merchant, Boston,_ M ass. S T. Gallant. M. P. P. Piusville. P. E. I.
D. O. M. Reddm, Druggist. Chftown, P. E. I. S; H. Gillis, M. Il. St. Louis, P. E. I. '
]ohn E. Yeo, Farmer. Northam. '
'l' I SOLICITURS
_ _ Bell Es? Tanton. S’Side, P E. I.
' REFERENCES
Royal Banlcof Canada, Canadian Bank of Commerce and Bank of Nova Scotia, P. E. I. - .
Foxes  I '
The Soverign Silver Black Fox Company, Limited” will have on the first day of September, A. D. 1914 at least Hfteen pairs of Pure Bred Island Silver Black Foxes and all. will be registered
in the highest grade or Class “A”. This will include four pairs of foxes that were purchased from the St. Louis Silver Black Fox Company. The St. Louis Silver Black Fox Company in 1913 paid a
dividend of 400 per cent. All the foxes of the Soverign Silver Black Fox Company will be certihed as to quality by the Hon. Charles Dalton before they will become the property of the Company. This
alone will be a guarantee to the investors that nothing but the very highest grade stockiwill be allowed in the ranch both for their breeding qualities as well as for their pelt value and fecundity. As an
illustration of this the Company now has the offspring of the most prolific fox in the world. This female produced forty-five pups in seven years, and they will also have the direct decendants of a full
brother of the fox whose pelt brought the highest price ever obtained for a single pelt. Read what Mr. Dalton says of the stock purchased from the St. Louis Silver Black Fox Company.
Tignish, P. E. I.
August 12th, 1913.
“This is to certify that in the year of 1912 I sold to W. P. Callaghan o_f St. Louis one pair of Pure Bred Black Foxes. These came from my very best stock and were as
good foxes as I ever bred in_Yny ranch and they produced a litter of four this last spring. I have also sold him one Pure Black Male of best quality and a tested breeder that I
know have produced three litters. This male is now three years old and the first-mentioned pair are one year old. These three foxes have in their ears aluminum buttons _ ,
with my name and address on each one which I do not attach to any only the best stock.
- (sea) - CHARLES DALTON . _ _ .~ 1- »
Of the litters born next spring 1914 of the four pairs purchased from the St. Louis-Silver Black Fox Company, all with the exception of two pairs will be sold and the proceeds applied to pay a' dividend on the
capital stock is_sue_ocl_ tche compgpy not later tl}_ai_; October 1914, and the Company guarantees that said dividend shall not be less than ten per cent ‘B
nc u e in our t ` i
 een pairs w e three pairs of decendants of the celebrated Oulton three legged Vixen and three pairs of Dalton; James Raynor Stock which will be just as good as the pair they sold in 1913
before they were eight months old for $18000.00 the highest price ever obtained for a young pair of foxes.
The Ranch will be constructed under the personal supervision of the Board of Directors in one of the very best localities for fox ranchin . It `
F T g will be constructed along modern lines and of the veiyitiestiinaterial.
MANAG .MEN     l~ 
The ranch will be under the personal management of W P Callaghan who was the mana r of the St Louis Silv Bl k F
_ _ _ _ _ _ . _ _ _ __ _ _ _ ge . _ er ac ox Company. Mr._ Callaghan during his experience in the fox ranching has ’iii3Ver:lost
a single fox, in fact he never had a sick fox in his ranch. This is attributed to his adaptibilityto, the busine of F R h
I I I
ilfif
ss ox anc ing and also to the advice he received from the Hon. Charles Dalton
I cosrf or RANCHING ' I
The cost to be paid out of the profits will be the actual cost of ranching. This should not exceed five per cent, and with ordinary success will not exceed two per cent of the annual profits'
Reasons why you should become a shareholder in the Soveri n Silv Bl lc F
g a iv en m ‘ at least 10 per cent from offspring of four pairs now owned.
(2) Because our Company started with fifteen pairs of foxes and our authorized ca tal b th la
_ pi eing e rgest of any Company at this date. The number of foxes can ‘be doubled at any time and I ill th
of the lar st ranch known. _ '
we w en have one
(gf Because the Pioneer Fox Rancher The Hon Charles Dalton, the man who demonstrated to th rld th
Cha __ th bo d f ____ _ rs _ e wo at the precious Silver Black .Fox could be raised in captivity is largely interested in o C
son is irman o e ar o ire_c o _ _ .
1 (4)
 .-£22;
ur _ ompany and his
Because all of our thirty foxes are bred in the purple and eligible for the highest class of registration. _ _ l .
Because the_ranch_ing _will be done at actual _cost and will be between two and five pei' cent of the value of the increase. Some Companies are nowchaiging their shareholders as high as 33 er c nt fo 
Because by investing in a large Company with a greater number of foxes the average returns will b at th ~ '
p e r ranc mg.
e gre er an in a smaller Company. 1 V ~ 4- » _
7) Because the small s arehqlders have the same rig its and privileges as the large ones.
i
_ _ . g i. er ac ,ox Company, Limited.
(1) Because we uarantee d' id d' fall of 1914 of 'I I
5. 5
1 lil
l‘ oi
8 Because the officers and directors of the Company are largely interested and in safeguarding their own interests will safeguard the sliareholders. "
Because at a conservative estimate the fifteen pairs will roduce forty-tive pups in the season of 1915 and if '
advance hiqherhit will give at this value a dividend of $240,000.00 N lg our estimate is made much below those rices present prices of $12’000'00 per pmt is maintained and we have reason to believe that’ thy Wm sim i
_ . . GY
- - - D - -- ~ - .. . ' "P Qt’  '
(10) ecause our _ranch is under tried and expert management _ _ " 'Y " ‘
11 Be th
_cause e investments in the fox business are _safe and can _never be tied up as in real estate. - ~ ‘ _ - _' ’ » A  I
fl $12 Because at a pelt valu our fo be th h ` ` `
tl ‘li
e, xes ing of e ighest_ grade in the world wi l pay the largest dividend. ` 'E `
3 Because none of the foxes will be over four ears old in 1914 . `
y .
i" 1, £4 Because the St. Louis Fox Company in 1913 paid 400 per cent. nd b be `
1 _ _ ,
_ a y coming a shareholder you own part of the stock l i
15 Because the only fox elt of the Dalton strain put on the L d M k `
E . _ _ on on ar et in 1912 was from a young fox six months old that died in October and sold for £410 or about $2000.00 th ' i  I iw;
Dalton. It is obvious to a fur rnan_t at had.the_pelt been rime it w uld h b '
is was shipped by Holi. Ghas.
_ p 0 ave rought fully one third more. _ ~ ._ » ' .- " _
19; Because the capitalization_per pair is moderate when the hi_gh quality of the pedigree. stock is taken into consideration. `
1 Because the value of furs is rapidly advancing Silver fox avin a va d '50
_ _ _ _ _ g nce . p. c. at C. M. Lampsons & Co., Ltd.,January sales 1914 and it willibie many years before the su pl will be to th d ma Li 
I8) Because fox_ranching_is the best proposition to-day in the world on account of the cost of the ranching being so low. - r 4 P y up e e  .
19) Beca_use_by investing in the Soverign Silver Black Fox Company you rovid a ' ~ - '
_ _ p e n annuity for your old age. _. _ _
Application for stock may be sent to any of the oflicers or directors of the Company or to any branch o the Royal Bank of Canada in any part of the world, or to the Canadian Bank of Comi_i_1_erce. Alberton Branch .
» Forrn. of Appllottlon I ` _ ‘
lhereby make ap licati n to the So r' Sil Bla k‘F _' ’ an L' °ted, fSt. L0 'A ,P. E. I.t tak th be fi h A ` thé' V 't l t k f th  Y ' I -
set opposite my signatureliielowi) Par valueildf §iiiresv§I0.00 ieachtlx Comp y lm! 0 " ms 0 e e num r Q S ares m cam a` S oc 0 e pan
I enclose 50 p. c. of the Amount of each Share soapplied for _and will 'pay the balance on or before the expiration of 60 days from date. ~ ‘ `
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J. A. Callaghan, Secretary, Treasurer, St
04-2-7Ms2iEml i