New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1893-02-25
,nr NEW OPERA COMPANY.
,,,,rn TO BUY THE METROPOLITAN.
FOR GRAND OPEHA-THIRTYFOUR BOX.
f'N nrRs TO SUBSCRIBE $50 900 EACH.

Avs FOR GRAND OfEhA-ihihih QUA
f' uo1pERs TO SUBSCRIBE $50 900 EACH.
so,,,ed at last new company is formed
~, will buy the Metropolitan Opera House and
WIZ .,ore II and fit 1t for future production OF
VIII oro There will lie opera at the Metropolitan
81 noxt winter unless some terrible and unfOre-
ss" a,.oster. like the fire which happened last sum-
see" Events IT, and as lightning seldom strikes twice
he' came Mace that Is not likely TO occur. The
o.coniza,ion IS to Ic called the Metropolitan
W. W" and Real Estate Company meeting Of the
s.cJhcrs TO the plan for new opera company
s.u,a,ed by the committee appointed n few days
"" he the present owners Of the Metropolitan opera
a . yeas held Yesterday afternoon In the directors
HUI ~ the Mutual Life Insurance Company. at
~ 90 Nassau-st. These subscribers will be tie
....rholders of the new company All these stock.
w. or boxholders. who vii! lie enumerated
Sortv were represented at the meeting. except
80, Goclet. Robert Goc!ct ana Luther Kount2e.
osrhaace r. Gerry presided and George L. Rivers.
,,-ssr Of the new company and the old company and
- the other companies connected with the Metro
1u,an Opera House. was secretary The committee
oo,nted by the ten men who bought the house at
-. recent auction sale for the purpose OF forming
new opera company. consisted of G. G.. Haven.
,,Lso Isel!n and Elbridsc r. Gerry. Mr.. Haven re-
80 IN behalf OF this committee that subscrp
- had been received for new company, on
,s understanding that each subscriber for fifty
..rss Of stock should be entitled 20 parcrre box.
rsrs are 10 be thirty OF these boxes. and each
IN have six seats. Each share Is TO have par
zine Of $780, the fifty shares thus making sub
..Jn,on Of 10000. The thrty-iour boxes. 1t was
,orted had all been subscribed for and the list had
49,, closed The committee had received a few adj
.,,,nsl applications for subscriptions but had been
hcsd 10 decline them. his report approved
and accepted.
A form for a certificate of incorporation was pre-
,.rsd under the Business Corporations law of the
SAFE Of NewIor. II provides for the Incorporation
n company TO be known as the Metropolitan Opera
ana Real Estate Company. with n board Of thirteen
directors. and a capitalization of $1,000, 600 The
,mpany Is TO consist Of hriy-four members. and the
o,ow1nc are their names George G.. Haven, Adrian
,s.Nn Ebridse r. Gerry. samuel ID. Babcock, George
Baker II. G. FahnestOck. J. Picrpont Morgan.
william c. Whitney. \. j. Juillard Edward Cooper
George Peabody wc,morc, John Jacob Aston, Heber
pishop D. 0. Mills. George S. B0wdoin. Charles
r Burney Perry Belmont, George Henry Warren.
Thomas Hitchcock. W. Bayard Cutting. Henry Clews.
II Mex Twomby, a. T. Van Ness, W. ID. sloane,
cornelius Vanderbilt, William X. Vanderbilt Frederick
Vanderbilt w. Seward Webb, Ogden Goelet, Robert
Goelet, r. r. Wilson. j. Hood Wright, Adrian lselln
,r and Luther Kountzc.
The following board OF directors was elected :
Samuel d. Babcock. George +. Baker. George =
Bovdoin, Robert Goelet. George c. Haven. Adrian
Issud A. D. Juillard. Luther kountze. d. o. Mills,
/ Yerpont Morgan ". X. Vanderbilt. George Pea
BODY wemore ard William c. Whitney.
When the company is incorporated tho directors.
who held an informal meeting yesterday after the
principal meeting had adjourned will probably select
The following officers President. George q. Haven
vceprsident Adrian Isclin treasurer. George :.
Bowdoin: secretary Hugh NJ. McLaren: the executive
committee 10 be composed Of the president, vice
president and treasurer, with W. {. Whitney ana
Robert Goelet.
The property Of the opera house Is TO be sold 10
the new company By the present owners OF IL 10Y
u425OOO, the sum PAID for 1t at the auction sale OF
last week To this is to BE- added the estimated cos,
Of reservations and improvements in the building
$4,000 making S1,675,OOO. The subscriptions OF
thirty fon, boxhohcrs at $4,000 each will make
100000. This will fall $4,000 short OF the sum
needed 10 buy and restore the opera house n,,s
ss5S0O0 will be raised by mort gage. aud In oru'r
to bring the capitalization OF the company to rouhu
ssooo0oo resort will probably be had to ~ Issue
Of $4,000 OF bonds treasury stock. IL l. pro
posed 10 assign the thirf four boxes TO the stock
holders by lot on March 90 .a.u
from Abbey. Schoefel Grau for lease OF the prop.
W for the Of giving grand arS =" I ana sf
completed. Mr. AS6cys plans have rrEn published
part Of the opera company which he had here last
Winter. with few additions. notably that Of Nine
made between his firm and the directors Of the new
company. and that he will have the use Of the hou.e
There was some surprise yesterday because James
A. Roosevelt, the president OF the old Metropolitan
Opera House Company, was not among the subscribers
10 the new one. HIS for not Joining il was
that he had had smuch 10 do with the old company
and with the sale OF the property that he had Insisted
on its sale when asked for a pOstponenent: That ne
had himself bought behalf OF the men now owning
H. and that II he were now to be member OF IN;
company to buy II again II might appear that he had
Interested motives In his previous action.
Tie arrangement for the new company IS MOI much
unlike that suggested and urged by Henry Clews at
the time when the auction sale OF the opera house was
approaching. He proposed thlrtyfour subscribers AT
eA0 900 each. His list was not completed at the time
set for the sale and the property was bought by a
combination OF ten men. with Mr.. Roosevelt At their
head. and Is held by them I'LL III. newly. formed com
mani hill h IN off their hands,