New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1892-06-04
COMBTNA OF WdLL-PAPER MEN.
A CERTIFICATE OF INCORPORATION OF CON
PANY WITH A CAPITAL or s14 100000
FILED AT ALBANY.

Albany June 3-The long-talked of combination Of
wallpaper manufacturers became accomplished iact
this afternoon, when a certificate was hhd win tle
Secretary OF state incorporating the National Wall
Piper Company, with capital Of S14,OoO,oo divideh
into 300 shares. The company is to manufacture
and deal in wall paper and other interior house ae'ora
tions and may hold stock In other corporaons having
ANYTHING to do with its line OF business ana eNcn"hsc
ITS stock for the stock OF such corporations III ado
lon to the usual power TO borrow money ana ouer"Ne
create Obligations tie corporation has power to Issue
form Of obligation in the nature Of certificates OF In
dordness TO the extent OF sB0OO00O. which snail be
known rs delenturc stock. These bonds may be SOFA
or exchanged for property or assets purchased pS
The coipolation. or may be exchanged for stock
OF other like corporations. Tile bonds sNal
be entitled TO dividends amounting TO per cent
Annually when the earnings Of the company are
sunccnt 10 nav such dividend. The business will b.
transacted I'm all the Staes and Territories and In for
eign COUNTRIES wherever It's products can be most "a
vantageously manufactured, purchased or sold
The principal business Office will be In New-lork
CIV and branch Offices will be established In other
states and in foreign countries The directors are
S6arie, Is stout Jaincs Y Corey. John W. d: Dober
Frederic, Keim. sidney ; Nicholas. Rudolph Euler,
Edward L. Barnes and Alfred Dahme, Of New. York
Of Mount HlS Vernon i'9 and Robert " Mcintosh Eliza
beth, " J. The corporation paid an ORGANIZATION Iax
of 81 800 to the State Treasurer today.
The formation of an organization has been under
crs for over month"; but only assumed definite shape
within the last few days. former trust existed for
seventeen years but dissolved few years ago. be
cause all allegations that several OF the firms which
comprised it cutting rates.
Colonel Farrnan Warren, senior member Of the firm
OF Warren Fuller & Co.. Of this city, had drawn up
and circulated among manufacturers blank agree
ment of consolidation for their approval In speaking
Of the matter yesterday, he said: The National Wall
Paper Company will not really be trust. We do not
expect or control the entire wall paper bus
ness There will be exOrbtant prices charged, our
object being increase the profits Of business by
decreasing the cost Of manufacture
Among the firms which are said 10 be most inter
csted In the new organization Warren. Fuller &
co., n. ii. Hobbs CO., the NewYork Paper Company.
Limited; the Manhattan Wall Paper Company, Fred
erick Beck d Co, Peak & Co., the Robert Graves Com
uany the +. l.. james Company Melrs q Co. and
Howell & co.
Members Of the trust rcticent n the
method Of Crganzation but II is dcrtool that each
member OF the trust will hand his entire good
Will and plant " It, a committee will be appointed
10 appraise the fixtures and property Of each indl
vldual member. These plants TO be paid for by the
preferred stock OF the trust, which Is expected to
per cent. The value Of the entire corporati0l VIII
be determined by calculating It's profits for three
dividing by three and multiplying the remainder by
sixteen. The members will not be Obliged to sell the
real estate Of their plant the trust but will simply
lease IL Il number OF years. probably ten. with the
privilege of renewal ut the expiration Of that time at
the rate of Il per cent interest
several large firms are not included in the agree
raent These are said to have objected tp the COM
ldnatIon on the ground that, while it offers T. pay
per cent profit, II shows no guarantee that IL VIII 90
90 a. il does not explain where the money VIII be
derived, except from the profits. which may or NAV
not be rs large expected.
The opponents OF the trust also say that firms en-
tcrIug into the agreement may not receive iair treat
n,cnt n, the decision OF the committee which IS TO
decide upon th- value Of plants j. tO be nnal; IhcN
say that they confident that the new cohDna.lVn
cannot I'm anv way work them an INJURY, ao IL VIII
merely control prices among its own members