New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-10-12
So 600 900 first consolidated 4 per cent. BONDS OF
the Brooklyn Edison Company has, IT is undcr-
stood. been largely oversubscribed.

So 600 900 first consolidated 4 per cent bonds OF
the Brooklyn Edison Company has. 1t is undcr-
stood been largely oversubscribed
FEDERAL. STEEL OBSERVATION-DISCLOSURES
all of the securities OF the Minnesota Iron COM
pany the Illinois Steel Company and the Elgin'
Joliet and Eastern Railway Company have Deen
deposited under the plan OF consolidation Into
the Federal Steel Company.
UNION FERRY COMPANY.--The directors OF
the Union Ferry Company. at their meeting yes
terday. reelected the Did board Of officers as
follows: President. W. II. Male: vice-president'
Alexander E. Orr: treasurer and general man.
ager. II. X. Knapp: secretary. n. Bunker.
TO REDUCE THE CAPITAL.-There was
special meeting yesterday afternoon at the
Clearing House Of stockholders Of the New-fork
Clearing House Building Company. to discuss a
proposal to reduce the capital stock from 5000
600 TO S640000 Under the recent legal decision
In favor Of the company. about 100000 was
paid pro rata to the banks composing the Clear
ing House Association, and the necessity for the
present large capital therefore, no longer ex-
lists The proposition to reduce the captaliza-
ton was unanimously carried.
NEW ASSOCIATION.-At a meeting yester-
dav Of the Suburban Underwriters Assoca ton
in the rooms Of the New York Board Of Fire
Underwriters II was voted 70 disband the or
ganizaton This step taken. according to
Secretary Snow OF the Executive Committee. be-
cause the rules Of the association permitted GER
tain cooperative members to enjoy privl-
leges not possessed by the regular or loyal mem
bership. Immediately after the dissolution Of
the old association a new was organized.
founded on the lines Of but eliminating certain
features which had proved detrimental TO the
welfare OF the former association. The new as
ISOLATION starts with a membership OF sixty
four. The officers Of the old association and its
Executive Committee were reelected tempo
rarily, and a committee TO nominate officers and
a new Executive Committee was appointed. This
committee will report in the course Of a fort
night
ELECTED DIRECTORS.-At the annual meet
ing of the directors Of the Rutgers Fire lnsur-
ance Company yesterday afternoon the following
officers were elected: President. Edwin c. jane
son: vce-presdent William II. Gibson, and sec
rotary Henry Kreiser re-elected).
APPOINTED CASHIER-LewIs Pierson. who
has been discount clerk Of the Hanover National
Bank. was yesterday appointed cashier Of the
New York National Exchange Bank. at Cham
bers-st and West Broadway. succeeding Isaac
Rowland resigned. Mr. Persons appointment
is the latest Of a series Of changes made within
the last few days in the management of the
New York National Exchange Bank. About
week ago IL may be remembered James Row
land elected a director in place Of julius H.
Caryl, and last Friday three other directors re-
tired one Of the chosen tn succeed them
being James NJ. Donald. vice president Of the
Hanover Bank and Mr.. Rowland was elected
president succeeding Daniel b. Halstead. who
had filed that Office for many years.