Pittsburg dispatch. [volume] (Pittsburg [Pa.]) 1880-1923, 1892-11-15
MILLIONS IN MILLS.
Division Of the Capital Stock Of Car.
'negie Company, Limited.
NAMES OF THE SHAREHOLDERS
Officially Registered Yesterday in the Re-
corder's Cffice.
THE BASIS OF TIE REORGANIZATION

| Without question the greatest aggrega-
tion of capital in a limited partnership In
| Pittsburg is the Carnegie Steel Company,
with stock of $25, 900, 900. The main
facts in the reorganization of the firm are
known, but many of the details have not
been published. Within short time the
transaction in its entirety was recorded
in the limited partnership books at the
Court House. The array of figures is large,
and the sumo total is divided among %
stockholders.
Of the shareholders all except four are
citizens of Pittsburg or Allegheny. j. w.
Vandervort halls from Pasadena, Los
Angeles county, CAL; G. L. Strobel and j.
G. Fleming live in Chicago and j. Ogden
Hoffman claims vote in Philadelphia.
The old firm of Carnegie Bros. & Co. was
organized April 1, 1881, to run 20 years.
The new company is continuation of the
first firm, and is to exist for the same num-
Der Of years dated from 1881; that is to say,
the present organization will have life of
nine years. The capital stock of Carnegie
Bros. & Co. was 5000, 900, and this sum
has been increased to S25, 900, 900. The record
states that the Carnegie Steel Company was
formed under the act that restricts the liza
bilities to the capital stock subscribed ex-
cept under certain conditions.
A Million Paid in Cash.
Of the capital stock the original consti-
tutes S., ,000000 which was paid in as fol-
lows: S1,000,000 in cash in four equal
monthly installments and 100000 in
property. The statement says that the re-
manning $50, 900, 900 are to be paid in cash
on or before June 80, 1892.
1t will be interesting to know just how
the capital is divided and the individual
it was reported frequently that Andrew
Carnegie no longer held the controlling
interest Ill the company, but the figures in
the Court House dispel that illusion. He
owns more than half of the cap
ital stock. The original capital of
IS, 600, 900 in Carnegie Bros. & Co.
was divided as follows: Andrew
Carnegie, 50, 766, 666 e.; Henry Phipps, Jr.,
$780, 900; H. c. Frick, $685. George
Lander, SOC, 1000; W. H. Singer, 100000;
H. NJ Curry, 100000; H. M. Borntraeger,
$1,000 j. G. A. Leishman, S100, 900; w.
L. Abbott, $50, 1000; Otis Childs, $50, 900; j.
w. Vandervort, $4,000; G. L. Strobel, $685.
1888 33; +. 7. F. Lovejoy.- s33, ,3SS 50; Pat
SIG, CSC 81; w. P. Palmer, L. G.
Phi pps, Alexander R. Peacock, J. Ogden
Hoffman and John G. Fleming are
each credited with 1866 67; ]. H. Simp-
son, S12, 500; II. P. Bope, S5,555 90, and F.
T. f. Lovejoy, trustee, $1S3,611 10. These
amounts added make s, 100000, and show
what the stockholders held sin the old CON-
pany.
Increase of Individual Holdings.
Now for the new deal. Andrew Carnegie
off IrIth
holdings of $11, ,066, ,666 Is, making his
stock S13, s3S, 1888 80, having more
than 10000 above the controlling
interest in his own name. The others run
as follows: Henry Phipps, Jr., increase,
50, 200, 900, total stock, g, 750, 900; H. c.
Frick increase, So, 200, 900, total, s. 75O, 900;
G. Lander, increase, $sO0,OOO, total, 81, ,0O0,
600; w. H. Singer, increase, $500, 900,
total, S500,000; H. M. Curry, increase,
S4O0, 900, total, $500, 900; H. w. Borntreager,
increase, S4OO, 900, total, $500, 900; J.. G.. A.
Leishman, increase, S4O0, 1000, total, $500, 900;
w. L. Abbott, increase, 5000, 900, totai, $780,
600; Otis H. Childs, same as Mr.. Abbott;
j. w. Vandervort, increase, S160, 900, total,
$780, 900; G. L. Strobel and Secretary Love-
joy, increase, S133, 333 33; total, S166, ,666 &C;
Patrick r. Dillon now holds S125, 900; and
w. w. Blackburn, W. P. Palmer, Law
renee C. Phipps, A. R. Peacock, j. o. Hof-
man and j. c. Fleming each SS3. 333 33; j.
H. Simpson, S62, 500; Il. P. Bope, S27,777 II,
and f. T. F. Lovejoy, trustee, $685. ,O55 81.
The officers of the new company are H.
c. Frck, chairman; H. NJ Curry, treas
urer; F. I. F. Lovejoy, secretary: board
of managers: II. G. Frick, George Lander,
w. II. Singer, Ii. NJ. Curry, j. G. A.
Leishman, L. c. Phipps and Secretary
Loveioy. They went into office July l,
1892.
The works included are the Edgar Thom-
son, Homestead Duquesne, Upper and
Lower Union mills, Lucy furnaces, Key
stone bridge works, Beaver Falls mills,
Scotia ore mines in Center county, Larimer
coke works in Westmoreland county and
the Youghiogheny coke works in Allie
gheny county.