New-York tribune., 1899-01-15
f,nanridl.

AMEklLhN H, o'LL.
AND WIRE COMPANY
.s. mast the holder. Of a large por-
buring severa ,ne American Steel and Wire COM
non Of the sA a,s,ully concidertns the adv"aoin"
pany hA' s., purchase or reorsani1s"o" 0'N' .n
Of oe oesn IN the United states a'0"e 49, -
wire pol,ng Mil Company OF Ns' | TO- -heor,h
.ncurers Of PIX 49, a.. various forms and the Wash
ceei As we" " ,n,fscturing Company. OF worcester
-, Moen MAn" -,
ps'' and waukegsn H. . ,. oo.er .conomv
xsss' ,,.vss that there would result s'ea's'
Is -, and operation. and thereoS ue % "
% manas 49,. stockholders Of the several companies
ARE 70 all ue s,,sation OF the several properties
AreF ''' actual as well relative the acau's'-
and he'r va, r,,e plants has been assured upon
.,on o. the foo""e
W. W. ,s fair basis; .,ur,,r Conn
1as.h,rn 1as Mocn M"n"'"e'"s
Of worcester Mass IN"
Ill - Wire Company of Woreester'
Aa,s Aas,.,apd RoIiing-Min company Oh
| land ONO acr steel Co. Pittsburgh.
Pa ,,,-. COMPANY of Pittsburgh. Pa.
Oliver wire Nail Company or New
Newca'"e
ea".',.burgh Wire Company OF r'''""rs" "'
Pa. -, uarbed-Nire Fence Company OF
',nnoti Ohio. ,,.
Sr,aIav Bale ana lie '"'"P'
4 M and Kansas aitH NV -. r,xv
/ -.ac. Kan, and Johe', III c ~,
fhurch Wire and Nail '""p""'
xewburgh. " l. -es,o, I've following plan
To accomplish me ""'
-, ,ssn agreed upon; ,,> ,>,ro 1Op
',cprrAIENTs HAVE BEEN ENTEhhD N IN 49, .,p,I,
~ npc ANIZATION or y CORPoHAIION - ~
I Ihn Tvs OF THE STATE OF NEW JEkshl, ~
4 pr KNOWN As THE AMEh4OAN -, ,-i, ,Ii- rIt,.r AN
n,,p,Nv THIS CORPORATION Viii hN nv ~ -
CuNiee,o+1rr c,PITAI. STOCK OF S9OOmcW Or
NJ, ~ s,ooooc 600 WILL BE SEVEN PER CENI
',~.r.TIvE PREFERRED STOCK AND S'V'oOVoO'
4 vii BE COMMON sTOck' ,..o-
- ,-a,ior Will acquire the above properties ei'her
80, osnershp or through the ownership OF not ess
.4,ri,v Of the capital stock where II is not
.o.hs % purchase the properties themselves.
svvn,c.rE HAS BEEN FORMED WHICH WILL
4 ,rpvrsY THE NECESSARY CAPITAL FOX InH
a ,poyE PURCHASE. AND IN ADDITION ,II,
Do,rr,1vG THE NEW COMPANY WITH "Ohh-
-'-.rrr,f or ABOUT $4,000 600. EXCLUSIVE OF
~ ~ r-opt-rvc CAPITAL. OF THE SEVERAL CON
1ryys WHICH WILL ENTER THE NEW CORR Foh<,- @
ZION WHATEVER MAY Re NECESSARY or M ! NJ"
4 ropvryc CAPITAL. NAY BE USED FOR THE rOl'-
- NOis ~, ort4rp PROPERTIES WHICH MAY BE
d ,nprrn 1-poN HEREAFTER. THE ENTIRE AMOUNT
or r,p1rAr. TO BE FURNISHED BY THE sfNDi-
CATE BEING S2s0ooooo -, ,,.
~ .y,si,a,e agreements will provide that the New
Issv conpany shall acquire such OF the oapIlal s'o0A -
,s American steel and Wire Company OF Illinois no,
4 less than majority thtie91' iV"''N'' 90 '
4 On the following basis
4 For each share of the prefcrreo S,oc
tha Illinois corporation the holder 'here"i
/ - oo.ive one share of the seven per
/ cent cumulative preferred stock OF the We"
| Jer.ey corporation. and in addition 'here'"
|
/ a, The New Jersey corporation; Tor each
i share of the common STOCK OF '"e
4 cornorution the holder thereon shhh recci'o
1 n .na ,,xotenths shares of the common
/ stock of the New Jersey corp"r"'ion'
- ronced that the banking-house
,IS W sEIIGMAN a CO. OF NEW foHN
CITY or it's agent for that purpose -,
! ILLINOIS TRUST AND sA\iN0s DAMN VI
4 CHICAGO. ILL.), will exchange the cer""
cate. of the American steel and wire 'o"-
1 - 80 rui,ois on the nbove-named basis,
/ nrovided the same are presented nhu ue-
posited ut either OF the offices above hnnhe" ~
4 on or before TUESDAY. JANUARY IL loo''
that I'm event of delay in issuing 'he eei
,iacate, of the New Jersey corporation IL"
Il .erim certificates will he issued esch""se-
Il sble for the engraved certificates when IS
.ued The interim certificates viii he Is
sued by either j. a W. seigm"n ~ 90 or
their agents Uhc Illinois Trust ana savings
Bank at Chicago. A.,
Jersey corporation onuence January /. 1899 ana 10
that enc the plan must consummated at the earliest
possible date therefore the stockholders In the American
sssl and Wire Company Of Illinois. are requested 10
present and deposit stock promptly 50 that the same
may be speedily without delay exchanged ana 'he
organization Of the New Jersey company facilitated
Books Of transfer Of the American Steel and Wire
Company O: Illinois. closed on Wednesday January
4h. 1893 and VIII be reopened until about January
18Th 1899 and books Of the New Jersey corporation
viii e opened as soon Is The engraved certificates are
ready for delivery. later. however. it Is believed
than January 25ih. 1899.
1T Is PROPOSED THAT THE NEW CON-
PANY WILL DECLARE REGULAR QUAR-
TERLY DIVIDENDS on THE PREFERRED
STOCK OF ONE AND THREE-QUARTERS
81 PER CENT. BEGINNING ABOUT APRIL 1ST,
1880.
The undersigned. comprising the entire Board OF
Directors Of the American steel and Wire Company. OF
ILLINOIS, after careful consideration. believing that the
ensummaon q plan proposed will earnings
oscTeAse expenses result in stable cost Of manu-
aeuTe and more satisfactory results TO the stockholders
lave decided exchange their the Illinois
corporation for shares in the New Jersey corporation
"A ppon The above-named basis:
n j. w. GATES,
A. CLIFFORD,
i. l.. ELLWOOD,
CHAS. DOUGLASS,
WIN. EDENBORN,
s. II. CHISHOLM,
JOHN LAMBERT.
Il +. BAACkES,
i f.. ii. GARY,
n l.. j. BURLINGTON.
"A w. ii. ROWE.
II January T. 1899
NEW YORK, JANUARY, z, 1899.
10 THE HOLDERS OF THE PREFERRED
AND COMMON STOCK OF AMERICAN
STEEL AND WIRE COMPANY:
NJ ARE NOW PREPARED TO RE
OLIVE Tp- DEPOSIT OF CERTIFICATE
VI SAT- STOCK. UNDER AN AGREEMENT