New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-03-17
INDUSTRIAL COMBINATIONS
THE AMERICAN sHIP-BUTLDING COM
PANY INCORPORATED.
NOT ONLY TO BUILD SHIPS, But TO CARRY
ON A TRANSPORTATION BUSINESS AS
wErL-ALso MINING AND MANU-

NOT ONLY TO BUILD SHIPS, BuT ~ |AfN"i
ov TRANSPORTATION BUSINESS AS
wErd,-ALso MINING AND MANU-
FEATURING OF ALL KINDS.
Trenton. ~ j. March 1.-THE American snip
,,,,S,ra Germany was incorporated here to-day
,,h can,tal stock of $50 co 900, of which $h"H"o
Is per cent cunula tive preferred stock ana s'"o
40 common stock. The corporstors were James =.
mn OF New-York City; Frederick W Klein on
Cleveland Ohio. and w. T. Coleman Carpeh'e' Vi
Orange ~ J. The charter of the American snip
puud,nr Comnanv as drawn. indicates that that
corporaton intends not only TO make the snlis puo
sis6 10 mine the metal and manufacture an uI ~
materials which go 20 as stated in the
corporation papers. being the ouIehs anu ne
.rensnortation of goods and passengers also manu-
featuring and mining Of all KINDS
The American ship-Building Company IL salo 10
,o,,ae all ~ the shp-building plants on the Great
Iakes with the exception OF the Union DrSuo@A
COMPANY OF Buffalo. and the Davidson YARD a.
Raw CITY Mich Both Of these concerns l.
understood however are under contract with me
new, company, which is reported TO have SET "s'ue
q ,oo mn of ,ts nreferrod and S50OoD common STOCK
for the purpose OF taking them over. ana 10 nave
MANNED 10 use the rest OF the capital for 'he
ACQUISITION by purchase OF certain leading steam,
shin lines on the lakes, so that the company VIII
no, only control the shipyards but VIII also 90
general transportation business.
The financing Of the combination has been unoer
the charge OF James II. Hoyt Of Cleveland ONO
r.ho Is connected with the Western Reserve BANK
Tho cornnsnv begins business with t3OOOWO OF cash
cens,sl equally divided between James Is plu'
Trederick " Klein and ". T. Coleman carpenter,
rrnmedis+ elv after me fling Of the Charter the
stockhoders met and formed temporary orshh 10
tion II appears from the list or oIncFrs t,Lu
directors sled Yesterday that the subscripers 70 ne
stock were elected as temporary bSaau :" n1~aaei
rcefors ana that James y. Dill was chossn Iros,rr
don't Frederick w Klein secretary ana W. l.
COLEMAN Carpenter. Vice-president ana treasuItI'
This organization. II is understood Is o'nS tenn
The certificate ~ the payment or the $4,000
canita' IN cash was also fled yesterday afternoon
REPORTED COMBINATION OF TANNEflh0'
TO RE CONSOLIDATED INTO THE AMERICAN HIDE
AND LEATHER COMPANY WITH
CAPITAL OF 100000
According 20 a dispatch from Chicago twenty
Eve of the thirty leading tanneries Of the United
States are 10 be consolidated into tho American
1fi5e and Leather Company with a capital Of $50
oooo0 Of which $50 900 100 IS to BE- per cent non
cumulative preferred stock and 100000 common
stock The Chicago Title end Trust Company Is
named In the option agreement as the buyer OF the
Wants hitch Il Is said will he taken over by the
consolidated company on July !: and j. & W. Selig-
man Co of this city, the dispatch adds, are the
underwriters.
ANIMAL GLUE CONCERNS MAY UNITE
T. 20 understood that negotiations arc IN progress