The sun. [volume] (New York [N.Y.]) 1833-1916, 1899-06-17
MORE STANDARD OIL STOCK.
NEW JERSEY COMPANT'S CAPITAL
INCREASED 500, 900, 900.

Original Capital Stock Was 10000, 600
Tho Increase Is Said to Mean That the
Control of All the standard Interests
viii Pass to the New Jersey Corporation.
TRENToS. N. j.. June 16.-The Standard Oil
Company OF New Jersey filed a certificate to-
day in the office OF the Secretary OF State
amending its original articles OF incorporation
so as to increase the amount Of the company's
capital stock from $40 100000 to $110.000.000
The certificate 10 signed by Henry NJ FlaRler.
President, and L. d. Clarke. Secretary Of the
company There are appended also the sig
natures OF the owners OF 67.631 shares OF
stock. which 10 somewhat In excess OF tho
two-thlrds OF the whole number OF shares re-
auired by the New Jersey law to Increase tho
stock issue. John d. Rockefellers name ap-
pears az the owner OF 26.411 shares Of
the company's stock. William Rockefeller 10
named as the owner OF 1896 shares: o. H.
Payne. Alp shares: Charles W. Hardness.
5.032 shares: G. NJ. Pratt. trustee 5.141 shares,
and II. NJ FlaGer. 2.S79 shares.
The new articles NJ incorporation provide
that $4,000. 900 OF the stock is to be preferred
and entitled to u dividend not to exceed y
per cent. quarterly. IL 10 provided that the
stock already existing shall be preferred stock
and that common stock may be issued In OK
change for 1t. The directors are empowered
to use any surplus earnings for the purchase
OF property or the company's stock. and the
property or stock SO purchased shall not be
made available for paying dividends unless the
dire ,tors arst Sanction. such action. The
directors are: further authorized to appoint an
ExecutiveICo mmittee Of three. with full power.
to manage the company's business. The
States fee for filing this certificate Is $4,000.
and check for the amount accompanied the
document.
NJ. F. Elliott, attorney for the Standard Oil
Company. made the formal statement at the
office OF the company, 26 Broadway. Yesterday
ton before the close of the day Increasing the
Jersey from $40, 100000 to S1l0.600,00o. Mr..
Elliott declined to state the reason for the in
creass. which. he said. had been authorized at
q meeting OF the company's stockholders held
The Standard OIL Company OF New Jersey
10 ono OF the component companies OF the
sapSaTa o TF o hsrs are ssS
York. Indiana. Kentucky and Ohio. the last
icing the Oldest. As unde rstood in Wall street
the New Jersey company means that the con
troll of all the Standard Oil properties will
an exchange Of stock. The liquidation OF the
Standard Oh Trust. which has been progress
ing for several years. is now said to be about
Under the plan OF reorganization. as told in
Wall street, the present constituent COMPANIES
are not to lose their identity, but Will retain
their present forms. this being necessary by
reason Of the dlyersit. of the interests in
volved and the different State charters under
which they conduct their business There Is
nothing. however. that would prevent stock
holders in tho present ompanies from selling
or exchanging their stock for the stock OF the
New Jersey company. The last named COM
pany would in that event obtain control OF all.
According to re port the old trust certificates.
or stock in the various companies are to be
exchanged for the Increased stock Of tho New
Jersey company on the basisof share for share.
The original trust Certificates amounted to
S97.250.OOO. so that q balance Of new stock
would remain which. for the present. 10 tc stay
in The treasury.