The Jersey City news. (Jersey City [N.J.]) 1889-1906, 1899-04-01
TRUSTS OF
A MONTH.
Two Hundred and Fifty New
Companies Formed With
a Billion and a Half
Capital.
BIG INCOME FOR The STATE
New Jersey Received $l26, 900
for Incorporating the
Companies
BIG INCOME FOR THE STATE

Especial to 1.-THE Jersey City News."l
TRENTON, Apri1s1 /, 1S99.-During the
single month of March. companies having
an aggregate capital stock of nearly OF
one and a half billion dollars were incor-
+ ated under the laws Of New Jersey.
I gigantic combinations of capital that
sought refuge under the New Jersey laws
during the past month far eclipse all
former records in point of size and num-
bers. Nearly fifty of the companies so
formed had a capital stock of a million
dollars or more each.
From these great companies together
with the scores of others ! that receive
charters almost daily, New Jersey re-
ceives a princely revenue, which, if it
Were certain to continue, would almost
warrant the State in going out of bust
ness and retiring to live upon its income.
The filing fees salone for the mont of
March amounted to s126, 900. which is
about double the high water mark OF
any previous month. These fees are
simply paid by the companies when
they receive their charters, and do not
include the annual tax which they pay
on their issued capital stock.
Two hundred and fifty certificates of
Incorporation were filed with the Secre-
tary of State during the month and one
hundred certificates of increase of capital
stock. OF the former thirty-four com
panies alone had an aggregate capital
stock of I'LL. $50, 900. The capital of
eleven of his number amounts to the
handsome sum of s317,00O, 900.
The recent increase in the corporation
business in the State has been enormous
and is unparalleled in the history either
of this or any other State. New Jersey
has always for a long time been noted
for the uniformity of her corporation
laws, and it is to this fact mainly that
the influx of companies to the State is
attributed. During the past thirty years
New Jersey statutes relating to corpora
lions have remained practically un-
changed and this has led projectors of
companies to favor the State in selecting
their headquarters.
Scarcely a day PASSES without the for
mation Of some concern whose capital
stock runs into the millions, and a com
pany with a capital stock of only a single
| million is hardly regarded as worthy of
mention.
Yesterday the American Tobacco Com
pany filed a certificate increasing its capi-
tai stock from So, 900. 900 to S70.OO 600. This
was lone in accordance. with a resolution
adopted by the Board Of Directors held in
Newark on Tuesday. Another tobacco
| company which is said7to be the nucleus
| of a tobacco trust was formed during the
month of March. 1t is termed the
Egyptian Tobacco Company of America.
and has a capital stock of 81, 500, 600. This
| amount, it is understood, is soon tosbe
! largely increased.
The largest companies formed in Marc1
are to deal in. a variety Of articles, in
| Guiding wool, ice, baking powder, sugar
! beets, steel, salt, copper, bricks. furniture,
| tobacco. fish, electricity, salt, cement,
| fruit and many other articles. Many of
| them are what are commonly designated
as trusts, and will attempt to control a
| large part of the output of the articles in
| whose manufacture they are engaged.
Among the largest companies formed
in March are the following
American Wotien Co............. s65, 000, 900
| American Ice Company........... Gu, COY, 0V0
n g Cast IRON and Foundry Co. 30, 900, 900
American Ship Building Co....... 0,000, 000
| international Steam Pump Co... q, 500, 900
! New England Electric Vehicle
| TRANSPORTATION Co................ 25s000,0 0u
Roval baking Powder Co........ 20, 900, 00C
| Havana Commercial Co............ 20,UU0.0Vt
United Electric Co. of New Jersey 10000, 09..
American Beet Sugar Co........ 20, 100000
tinted Fruif o......... 10000, 00C
consolidated Street Car Con-. Is, 000, DOC
Indo-Egyptian Compress Con-. 5000, COG
Compressed Gas Capsule Co...... l5,000,0 IVY
National Salt o...4............. 12,00O, 0Wll
Park Steel Co. 10000. 00(
American Brick Co........... 10000, 00(
Continental Cement Co........... 1000 ,00l
American School Furniture Co... l0,O00 ,0Ol