The times. [volume] (Richmond, Va.) 1890-1903, 1891-07-01
STOCK COMPANY ORGANIZED.
The Great Tobacco Manufacturers, ?. LOr-
Hard 4 Co., Announce This
PRESIDENT HARRISON MUST STEP ASIDE.
General AIeer says Blaine VIII be the hepuD-
lican Candidate for the Presidency
New York News
NV York BUREAU. RIcH~oND ! ihLs'

June ~. l''is
Oeo;ol announcement was made to-day that
tbe nropertv and business Of p. Lorillard "
o. Tho tobacco manufactures, had Deeh
.,,rnod over 10 A stock company TO be known
as tho p. Lorillard Company. Messrs. b"Iihg'
SIepoun & Co., Of New York ana Mes'fs'
Kidder Peabody& Co.. Of Boston. vs." receive
,,,,sorinfiors At par for s2O0O,OoO per cent.
acc,uulative preferred stock OF the company.
Resides tho preferred stock there's also issued
a. nm 000 Of common stock, which, however,
,s mo-, for sale it having been taken In IT'S en-
firefv bv the vendors j. part payment OF 'hV'
,ropertv and good will he company mas no
bonded or mortgage debt auo the cie@tioA Ga
such debt Is prohibited by charter ana 9N uyr
law. except with the consent OBJ holDoi9 VI
record of at least ~ per cent. OF the iieleiIeu
stock. ILL.,. -.1.
and close on or before July 9th. lreleIence
I'm allotment will he given 10 empiof IS ana
customers Of Messrs. +. Lorllard TO-
ruE NEw COMPANY
The new company will begin business win
a working capital Of 40 least -9JD.NVJ. ~ ~
intended to have the stock listed on the NO"
York Stock Exchange. ....
The control Of the property VIII De Trans
forrod Tomorrow The new company mas
been iucorporated under the laws ~ Sew
Jersey The new directors or the trst yehl
are Pierre IOrillard. Pierre IOTllfrd' H.
George d. Finay, Ethan Allan ana George J..
Crane. II is intended TO continue the business
which was established IN 1860. under the pres
emit management and three OF the present part
uers agreed 90 remain IN charge for AT leasI
five years at salaries aggregatlng Stz,OOO o
year which can. under certain cOndlLlons 10
reduced 10 5000 The firm employs over
three thousand hands and IT'S average yearly
sales exceed 5000 600. i. LOrulaId ana /.
Lorilard, Jr., agree not TO engage III any
competing business.
HARRISON MUST STEP ASIDE.
A special from Chicago quotes General Rus
seii s Al0er AS saving. MI Blaine stopped
aside in 1855 and permitted General Harrison
10 carry of the honors If Mr.. Blaine Is the
choice next year General Harrison, feel as
sured, will be one OF his most ardent support
ers. i Is no slight TO an outgoing President
when he Is chosen AZ bis own successor: III
certainly will not be looked on IN that hight II
Mr. Blaine i- the choice at the next Repubh-
can Convention. The conditions of the coun-
try at present demand that Mr. Blaine accept
the Republican nomination IN 1917 10 lead Inc
party 10 certain success
THB TIN-ILATE TARIFF.
That part Of the Mckinley tariff law which
affects the duty on tin-plate imported from
England will 90 into effect tomorrow The
present duty is one cent per pound. After
tomorrow The duty will be two and two
tenths cents per pound
As a consequence there is much activity
among importers who are anx Gus to get M
coming steamers past the custom-house
Every steamer which has left British ports
within the last month has brought over q
cargo of the metal. and the number Of cases
filled with tin which have been landed in New
York city has been enormous.
PERSONAL AND GENERAL.
Postmaster Van Colt wants 20 establish n
pneumatic tube line service between this city
and Brooklyn for the mails
At meeting of the directors Of the United
States National Bank this afternoon Dr.
James H. Parker was elected president.