The evening times., 1898-09-07
GREAT COMPANY FORMED
Syndicate Organized to Devel-
Op Cuban Industries.
HEAVY CAPITAL INVESTED
Eighteen Millions of American
Money to BE Employed I'm the Is
land-The West Indies Corpora
fion Granted q Practically Uniim-
tied Charter.

New York. Sept 7.-ArticIes of incorpor-
alton of the American Indies Company,
with capital of s1S,0cO, COO, were filed
yesterday with the secretary of state Of
New Jersey. at Trenton
The incorporators of the company are:
Thomas Dolan, P. A B. Widner and W. L.
Elkins, Of Philadelphia; Thomas F. Ryan,
Frederick B -Olcott. A. N Brady, r. A c.
Smith, Henry D. Macdona, j. n. Ceba1los,
GuillermO de Zaldo, y. 2. Booth and h
G. Runkle, of this city
This is the company concerning which,
for the past month. so many rumors have
been circulated on the street and concern
ing which it has been impossible to obtain
exact information.
The preliminary negotiations which
brought together the strong influence rep
resented among the incorporators, have
been conducted with secrecy, and not un-
III the filing of the papers was anything
definite about it made public. Ii is under
stood that the insiders will contribute all
the necessary capital and that there will
be no public subscription.
Under its charter the American Indies
Company has the power TO generate. ac-
cumulate, distribute and supply eIectrici-
" Tor light, heat, power and signaling
purposes; 10 construct. own and operate
lines for the conveyance of electrical cur
rent for telegraph, telesrnone and other
purposes; 70 construct, own and operate
telephone exchanges; to manufacture and
supply gas for fuel and Illuminating pur-
poses 10 light cities. buildings and plac ..
both public and private, BY gas and cleo
trlcity; 10 acquire, own and manage real
estate timber. mineral and oil properties
and rights, and 10 carry on the business
of mining, smelling. rern;ng and coke
manufacturing; 10 build. own and operate
reservoir, sewage drainage, sanitary. wa
| ter and all other public or private i'm
prOvements.
The company is also authorized TO build
purchase, or otherwise acquire, steam
ships or vessels Of any other class. and
TO establish and maintain lines Of steam
ship, or other vessels, and to enter into
contracts for the carriage Of passengers.
mules and goods to, from and in the
West Indian islands, either by its own
vessels, railways or conveyances. or by
or on the vessels or railways of others;
TO construct acquire improve. deveioD
operate and manage steam. electric or
other lines of railway in said islands; TO
build walls, piers, docks, harbors. canals
tunnels, bridges. yiaducts. pipe lines and
other buildings or work capable of being
advantageousIy used in the transfer of
passengers and freight; to carry on the
business OF railway contractors, ship
owners and engineers, and 10 manufact-
ure. sell and distribute ice OF refrigerat-
ors.
The incorporators are all representa-
tive men. connected with powerful bank
ing and business corporations Thomas
Dolan, of Philadelphia, is the president
OF the United Gas Improvement Com
pany, Of that city. concern which oper-
ateS gas plants in various cities of the
United States. with daily capacity of
about $50, coo cubic feet. He is also
prominently identified with the street car
sytem of New York and Philadelphia.
P. A B. Widner. w. L. Elkins and
Thomas F. Ryan hold leading interests In
the MetrODOlitan Street Railway of New
York. and all have extensive interests Of
the same kind in Philadelphia. Pittsburg
and Chicago. Mr. Ryan is also a direc-
tor in several large steam railway corpo-
rations and mOneyed institutions in this
city.
F. VI. OIcott is the president Of the Cen
trail Trust Company Of New York
4. y. Brady is one of the largest stock
holders of and the moving spirit in the
Peoples Gas Company of Chicago
B. a. c. Smith Is president of the
American Mail Steamship Company and
vice president of the American Surety
Company
GuiIIermO de Zald0 is the senior MEM
Der of the firm of Zaldo & Co formerly
HidaIgO & Coz, bankers and merchants
He Is agent of the American Sugar Re
ining Company in Cuba and correspon-
dent of August Belmont & Co
J. II. COballos is the head of the firm
of j. y. CobalIos & Co. agents Of the
Campania Transatlantic the Spanish
steamship line doing business between
Spain. Cuba and Mexico, and New York
Cuba and Mexico.
N P. Booth is the president of the New
| York and Cuba Mail Steamship Compa-
| ny. generally known as the Ward Line.
| Henry D. Macdona. one of the incorpo-
| rators and the secretary of the company,
says:
| The company has been in process of
| formation for several months. and was
| organized for the purpose of taking ad-
| vantage of the extraordinary economic
| transformation now az work in Cuba
and Porto Rica- 1t intends to renovate
| old enterprises and create new ones IN
| those prodigiously rich islands, and TO
| that end il secured the cooperation of
| some of their most enlightened and con-
| Servtiye citizens, men of wealth and en-
! terprise who. even under the late restrict
| i've and oppressive regime. have gained dis
! tinction as merchants and administrators
| and who. representing the now CONNER
| cial aspirations of those communities.
have enlisted both capital and experience
| in this undertaking
| Under the new commercial conditions
| industries. especially those concerns op-
| Grating public franchises. will need re-
| adjustment, reorganiza ton and develop
| ment. This is the work the American In
| dies Company was organized to accom-
! plish."
| Sheehan & Conlin are the attorneys of
| the company. and ElihU Root is its cOun-
/ sell