The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-07-13
ANOTHER GIGANTIC 3
THE WROUGHT srnEr, ~
TUBE INDusrairs
Formed a Trust--It n - d
National Tube Company. q.
Capital of $50, 900, ~ "

| New York, July 12.--copso,,..
wrough steel. iron and tub. i,.s
the country was effected tod. ss
Nelson Cromwell and c. 6. c.s.
consolidation purchasers. ~.
pany will be known as IN. \. ~
company 1t is the largest d g
OF the world and is the third I.
steel and iron corporation. M \. -
only by the Krupp and Carpes,. ~
The property controlled Il. ~. y
Tube Works company, McKss.s Y s'''
Riverside Iron Works and Bla.,
Rolling Mills and Pipe Worr, !,
w. Va; United States ss.n,. -.
company, christy Park, Va
Rolling mills, McKeesport. pa ~. ~
Tube and Iron company's plant ~
town. Ohio, and Middleport, ~.
company. McKeesport. Pa; p.,s.','
Tube works. Pittsburs; Bostc, Il,
steel company. McKeesport, >. \.
Manufacturing company's tube IN,
adelphia; Monongahela furnace. X
port, Pa; Morris. Taske & Co,.n.,.-
iron plant, Newcastle, DEL: Renr,u.
works. Pittsburg; Oil Well SunrIs
pany, Continental Tube works ~
Iron works of Pittsburg; Nations M -
nizing works, Versailles. Pa fh...''s
and Tube company, Chester. pa r..
gahela Steel works, McKeesno,, ~,
Hooven plant, Morristown. pa. m
Tube works, Oil City, Pa; Syrasu.s
works, Syracuse. N. Y; Ohio TuAs !.
pany, Warner, Ohio, and Western y
company, Kewanee, Ill.
Besides controlling the domestic hn,,.
the new combine will invade tba pS.,
Bulgarian, Japanese and Canadlar y
kets, where it already supple, M
goods for the oil wells Of thesa r.
tries. 1t will sell merchant Dine. !
the other nations of the world. rrs,
i've thousand men are employed
William Nelson Cromwell. general ~.
sci for the combine, said tonisht I!
the net earnings for the current NJ, :
be between six and seven million dob
while the annual savings In expeuas
be from two to three millions II. n
italization is SS0.0O0,O00, divided NM
per cent cumulative preferred stoct
SAG, 100000 and common stock Of III. /,
amount. The preferred stock diyidnl
s2,S00,000 and is limited to that ,r,s
and is made cumulative. There Is 40 MI
gage lien on any OF the properti.s q
none can ever be placed upon any NJ
OF the company without the conssn. i
per cent of the stock, common aud 4
ferred. All dividends exceeding taMa
go TO the common stockholders
The heads of the old concern be.d
directors in the new one. The bolsh
directors chosen today is as isusi|
Joshua Rhodes. j. j. VANDERBILT, OH
H. Coster, William B. Rhodes, 7.
Harne, j. N. varne, John Eaton, lta
Potts, E. R. Tobey, Jonathan Rsrn
Daniel O'Day, o. c. Barber, Henry d
John Don. Edmond Converse, VIZ
Nelson Cromwell, William 5. Eaton, N
Luke, William K. Curtis, William 7. q
lton and A. H. Gillard.
The executive officers are: predh
Edmund c. Converse; chairman 4
oiard, Joshua Rhodes; first vice pres2
n charge of manufacturing, E. J.. I'm
second vice president in charge Of nta
lie affairs, Horace Crosby; third vice y
dent, financial, Francis L. Potts; sel
manager of foreign department !
treasurer, Arthur F. Lfs;
;istant treasurer at Pittsburg Wlllia
.atshaw; general counsel, Sulliri'
Cromwell,
The officials headquarters will
View York; the manufacturing hsidis
ers in Pittsburg.