This circular, presenting the Financial Statement as of February 1, 1894, was sent to the company's stockholders. After listing the company's resources and liabilities, they had an excess of $98.70, which was not enough to pay the tax bill of $316.50. The board of directors had therefore decided to sell sixty six shares of stock, and this circular asked current stockholders to buy at least a few shares each. It was sent out over the name WM. G. Mathes, secretary and treasurer. On the blank parts of the circular, someone has worked several arithmetic problems in pencil.