New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-17
flnanrial.

AMERICAN STEEL
AND WIRE COMPANY
..v.rai months past the hoioe,s OF larse po'
Dunhe .s.re, Of the American steel and Wire Com
,toa OF inc 49,, carefully considering the advisaelity
psny nav :. purchase or reorganization other leading
Of oo'' -,. IN tn, United States. among them 'he
vir -, Rolling MIL Company OF Cieveahu' o"'o man
Cs'' ~ mig iron. Bessener steel ana open hea''n
uise'Se =, =. wire IN It's various forms and the Wash
~, Moen Manniac'u''"S
pun I'D Wsukegan. ILL.,
Nsi ,Isvea that there would result greater economy
II ,,,snt and operation. and thereby be OF advan-
- " ~ the stockholders OF the several companies
"ss ,o,oueh investigation OF the several properties
A'e' ..,uss actual well as relative the acouisi-
ana ~. following plants has been assured upon
"" .rs fair basis
JUS. s.hhurn & Noen Manufacturing Conn
pany oil
III. ,,r Wire Company of Worcester.
MAS. .,.,snd RoiIinE-Mii Company of Cieve-
"a Ohio -
ia AMER & snyder steel Co. of Pittsburgh
Pa n,,er Wire Company OF Pittsburgh. "a.
ono.tIe Wire Nail Company OF New
castle. ~" Corr,rx Of Pittsburgh
Pa.,,uati Barbed-wire Fence Company OF
,,,cinnatt. Ohio. ,,.
",.,alaw Bale and Tic 'o"p""' VI ""
-, I'd kansas City. Mo.
ID, oi,duted Barb Wire Company OF Law
KAN and Joliet, Ill.
"x.hurgh Wire and Nnh company
xewburgh. y. l. ., ~. ,ouor,np n,an
TO accomplish no o''F
h'' serrNENTs HAVE BEEN ENTERED INIo FUn
Az opcAN1zATION OF A CORPORATION CNNEn
TIE Avs OF THE STATE OF NEW 1EhsE1. ~
Ihh ,xov-x AS THE AMERICAN STEEL AND WIRE
81 ~. nus CORPORATION WILL HAVE AN
Oo ..nropIzrn CAPITAL STOCK OF ssOo"ooo OF
e',,,.u Gao oooo 600 WILL BE SEVEN Pen CEN;
,,rr ALIVE PREFERRED STOCK AMI S'V'V"''''"
VII BE COMMON STOCK. ,..
49,, ornorstlon will acquire the above properties e.
ownership ,r through the ownership OF not Tess
I" cav" o,,,,,v ~ the capital stock. where II Is nor
...h,s 70 purchase the properties themselves.
PS~>.ntcAru HAS BEEN FORMED WHICH WILL
-,rpvIsH The NECESSARY CAPITAL fon I'm
sD-.r rr-pruAsE AND IN ADDITION IHENEIo
AbVnL - = -r1Ir NEW COMPANY WITH WORK
,. ctpITA1 OF ABOUT SIS. OOo EXCLUSIVE OF
-ur WORKING CAPITAL OF THE sENEhAL ~.
r,pvs WHICH WILL ENTER THE NEW COhr n-,.
T1oy WHATEVER MAY BE NECESSARY or -, r,,,S
-ropvrxG CAPITAL MAY BE USED FOR THE ~
49, or orErR PROPERTIES WHICH MAY BE
.nnvrn Upon HEREAFTER. THE ENTIRE AMOUNT
~ c.p1rAr TO BE FURNISHED BY THE sfNDi-
CATE BEING sss0oooVV' 49,. 49, ~v
~, ,v,.,,,,e agreements will provide that the Ne"
-, eoronanv shall acquire such Of the capital stock OF
70. -, s,e. and Wire Company. OF Illinois not
~ -. ra,or,ty thereof. however, as may De onere'
on the following basis .o.L ~
For each share OF the preferred s'
~ minois corporation the holder 'here"i
hall receive one share OF the se'e" "
.n, cumulative preferred stock of the new
,x,entb. of one share of the common STOCK
NJ the New Jersey corporauoh' i'
.hare of the common STOCK Oh inc
sarnorst,op.t holder thereof shall receive
90 and tvo-tenths shares OF the co"""''
stock of the New Jersey corporation
.ur,h.r arranged that the bankihg -houro
III a w. sELIGMAN co. OF NE" iO
CITY or its agent for that purp or
uIINoIs TRUST AND sANiN"o DAMN
cuYcAGo ILL., will exchange the cer""-
~, american Steel and Wire Com
- % ulinois on the above-named OASIS
crowded the same are presented An"
nosited Mt either of the onices aboNe "hi n
on or before TUESDAY, JANUARY H. i''o'
TINT I'm event of delay In issuing the GER
,iocafes Of the New Jersey corporation IN
,or,r certificates will be issued exchange
able for the engraved certificates when Is
,ued, The interim certificates VIII ne 10
sued by either j. & W. sehgmnn a 90 OF
,be,r agent. uhe Illinois Trust and savings
Bank at Chcago). . 49,.
4 /. very desirable that the nscai year Of the New
Jersey CORPORATION oImence January J. 1902 and 10
that end plan must he contaminated at the earliest
possible therefore. the stockholders IN the America"
Steel and Wire Company Of Illinois. are requested 10
present and deposit their stock promptly 50 that the same
nay be speedily without delay exchanged. and the
organization OF the New Jersey company facilitated
Books OF transfer OF the American Steel and Wire
Company Of Illinois were closed on Wednesday January
9TH 1900 and Will be reopened until about January
18th 1899 and the books OF New Jersey corporation
will be opened the engraved certificates are
ready for delivery. later. however, It Is believed
than Jansary 25th. 1890.
1T is PROPOSED THAT THE NEW COM
PANY WILL DECLARE REGULAR QUAR-
TERLY DIVIDENDS ON THE PREFERRED
STOCK Or ONE AND THREE-QUARTERS
PER CENT, BEGINNING ABOUT APRIL 1ST,
1882
Ths undersigned. comprising the entire Board OF
Directors Of the American Steel and Wire Company OF
Illinois after careful consideration believing that the
contamination Of the plan proposed will earnings,
cecFeas expenses. result IN stable OF manu-
iaeure and satisfactory results the stockholders.
have decided exchange their shares the Illinois
corporation for shares the New Jersey corporation.
upon the above-uamec basis;
J. w. GATES,
A. CLIFFORD.
j. l.. ELLWOOD,
CHAS. DOUGLASS,
WIN. EDENBORN,
s. II. CHISHOLM,
JOHN LAMBERT,
+. BAACKES,
f.. H. GARY,
e. J. BURLINGTON,
w. IL. ROWE.
January T. 1894
NEW YORK. JANUARY. 7. 1899.
~ THE HOLDERS OF THE PREFERRED
and COMMON STOCK OF AMERICAN
STEEL AND WIRE COMPANY;
WE ARE NOW PREPARED TO RE-