New-York tribune., 1898-12-16

THE AMERICAN TIN PLATE COMPANY IN
CORPORATED AT TRENTON


CORPORATED AT TRENTON
Trenton. y. J.. Dec. l5-The American Tin Plate
Company incorporated here this afternoon.
with capital Of $50 600 900. II which t20O0co1 is
per cumulative preferred stock and sO 900 900
IS common stock The lncorporators James r.
Dill. of East Orange. " j.. and this city. counsel
for the company. who subscrltes for ninety shares
Of the par value Of 500 each. and Howard *. Wood
and Duncan T McLarcn of East Orange. who sub
scribe for five shares each. Nh DIE. ii may be re-
marked. also Of the incorporators of the
OTIS Elevator Company. representing a combina-
tlor OF most OF the elevator manufacturing con-
Germs of the United States which company was In
corporated at Trenton on November 2s. with a cap
ital of 81 10000.
An unusual feature OF the certificate Of incorpora
tion OF the American Tin Plate Company is that II
restricts the powers OF Board OF Directors and
keeps In the hands of the stockholders the final de
cisiye vote all important matters. The power
to make mortgages is specifically taken from the
directors. and provision Is made that no mortgage
upon the companys property whatever shall be
valid without the consent in writing Of two-thirds
OF the stockholders.
The integrity OF the stock an Investment Is pre-
served by forbdding the creation Of any Hen by the
Board or Directors which stands on a par with the
preferred stock. The payment Of dividends Is as
sured by forbdding the directors TO reserve sur
plus fund not chargeabe with the payment oI the
dividends The stockholders are To elect tne fNecu-
well as the directors The objects Of the corpora-
ton stated to De the manufacture of tin teIne
black plates. steel sheets ana Ike metal pTolucts
The corporation H. authorized to carry on business
In any part OF the world. 10 Manufacture iachih-
cry and to acquire the lights and Undertake Inc
liabilities OF any other corporation
The directors are divided into five classes TO
spectively and thereafter every year class Is to
be elected to serve for five years.
manufacturers accepted the consolidation plan
when 1t was first suggested and that the remaining
lat. hon "A fnt nAX
combina tiOn. The company Will start active bust
ness with about G.ovOcw in cash. besides all the
properties OF the companies in the combination
An the holders Of stock in the consolidating com
panics had the option of taking cash for their hold
them took the stock In preference TO cash. The
chief influence which broush, about the formation
put an end TO the costly competition between me
mills have a yearly capacity OF nearly eight mill
ion one-hundred- pound boxes OF tin. The ful list
OF the mills in the American Tin Plate Company -
,F,tna standard Iron and Steel Company. Bridge
port Ohio. eight mills American Tin Plate Com
PIaly Ind six rmHI' miIIs Atlanta Steel and fin Plate Com
company. Lisbon. Ohio six mills Briiton Rolling
Mil Company. Cleveland, three mills; Cincinnati
Crescent Sheet and Tin Plate COMPANY six mills
Md2 sI1s & It pnd tn opnav pae '9mpany
city. Penn. five miles; Falcon Tin Plat and Sheet
TGmPany ynf Nes oG TolIe, In fnnr mis- Iinmprr
rim Plate Company. Connesville. Penn. SIX mills
lrOndalt Steel ana iron tOIHifinN, MluhlrloNi lnd
six mills Johnstown Tn Pate Company. Johns
own PENN four milIs & l." BelS Kim rGg %o, W9TSs n
pany. Martins Ferry. Ohio, fourteen mills; Mar
shall Bros. 4 CO. Philadelphia. six mills. Monon.
gahela Tin Plate Company, Pittsburg. fourteen
mills. Morewood Company. Gas Ci'y. Ind, light
mills: Morton Tin Plate Company. Cambridse
derson. Ind. six mills: National Tin Plate Com
pany Monessen. Penn. fourteen mills: Neshan-
mock Sheet and Tin Plate Company. Newcastle
Penn. six mills New Castle Steel and Tin Plate
COMPANY, New Castle Penn twenty mills; Norton
Bros haywood IL. eighteen Norton machines
Norton Tin Plate and Can company Baltimore. six
teen sets: Ohio River Sheet and TIN Plate Company
Remington. Penn. TWO mills PGnnsylvania Tin
Plate COMPANY New w-Kensington. Penn. six mills.
Pittsburg Tin Plate company, New-k"ns.ngton.
Penn. six mills: Reeves iron COMPANY. Canal
DovDi Onto four mills: Shsnango Valley Steel
COMPANY Sew-Caste. Penn. thirty mills; Somers
Bros Brooklyn. three mills: star TIN Plate Com
pany' PITT sburg. eight mills. StickneN Iron Com
psny. Baltimore, .wo mills; St Louis STAMPING
COMPANY St Louis eight mills; United States Iron
ana Tin Plate Manufacturing Company. Demmler.
penn. eight mills: wallace. L3anhold C Co. Iron
dale Ohio four mills Washington Steel and Tin
Plate NILS Washington. Penn. four mills.