New-York tribune., 1899-07-13
1NDUsTRIAL COMBINATIONS
,NrzArIoN OF THE NATIONAL TUBE
COMPANY COMPLETED.

, TRUST. CONSOLIDATING MANY PLANTS AND
,,vrSe A CAPITAL OF ssoOcoooo. is THE
.pcrsr OF ITS KIND N THE WORLD.
--.. oreanization Of the National Tube Com
q consolidation Of the wrought steel iron
- and pipe industry Of the United States.
completed yesterday by William Nelson
,--orueu and Edmund c. Converse the con-
,sation purchasers at the office OF the syndi-
20 bankers ]. P. Morgan & Co. The National
~ company constitutes the largest tube con-
I'm IN the wcrld. and II is the third largest
.,ael and iron corporation in the world only
.he Krupps and the Carneges exceeding II. II
.,,braces the controlling interest in the steel
,,,ha and iron industry, and owns and is now
o,erating the following plants:
National Tube Works Company. McKeesport
ra,n. Riverside Iron Works-blast furnaces.
-orling mills and pipe works at Wheeling. w.
va United states Seamless Tube Company
Crhristv Park Penn. National Rolling Mills,
,fcKeesport Penn; American Tube and Iron
companv's plants at Youngstown, Ohio, and
nnsdletown. Penn: National Forge and Iron
company McKeespOrt. Penn; Pennsylvania
r,,be Works. Pittsburg; Boston Iron and Steel
COMPANY McKeesport Penn; Allison Manu-
featuring Companys tube mills at Philadel-
mia: Monongahela Furnaces. Mckeesport'
pm. Morris Tasker & Co.'S Delaware iron
nlant az Newcastle Del; Republic Iron Works
Pt,tsburg: OIL Well Supply Company's Cont
mental Tube Works and Elba Iron Works at
p,.tsburg; National Galvanizing Works. Yer
,ajlles. Penn. Chester Pipe and Tube Company
chester. Penn: Monongahela Steel Works Nc
Keesport Penn; Hooven Plant at Norristown.
penn: oil City Tube Works. Oil City. Penn.
Tube Company, Warren Ohio. and the Western
Tube Company contract until 1902 and one
third stock ownership Kewanee. III.
Tbesa works are now turning out about
100 600 tons Of ali classes Of tubular goods OF
wrought iron and steel, embracing hundreds OF
varieties from ore-sixteenth OF an inch 70 three
feet in diameter The company gives employ
r,ent 10 twenty thousand men. The com
pany was originally incorporated at Trenton as
the United States Tube Company. with an au-
thorized capital OF $4,000. On June =
amended articles Of Incorporation were nled
changing the name of the company 10 the Ma
+ioDaI Tube Company and increasing its au-
thorized capital TO SSO,OOcOO, or whlch e4O'-
10000 was 10 be per cent cumulative pre-
fe~red stock and S40OO0OO common STOCK Al
q full meeting Of the Board Of Directors heia
Yesterday the following officers were elected'
President. Edmund c. Converse; CHAIRMAN OF
the Board Joshua Rhodes; hrst ce-presiuen'
IN charge Of manufacturing. F. J. Hearne; sec
ond vice-president dn charge Of mercantile az
fairs) Horace Crosby, third Vice-presloenI
1N-anciaD Francis L. Potts: general manager
nanufacturing department A. ;. Matneson;
treasurer Arthur F. Luke; assistant treasurer
Iat P.ttsburg) william H Latshaw; general
counsel Sullivan Cromwell -.
The list Of officers Is the same as that pun
Nsbe3 In The Tribune on May 26. The changes
in the Board Of Directors comprise the supsIItu- @
80 ~ William s Eaton for .. W. Hitchcock
and the addition 10 the Board Of three repre-
sarratives Of J. P Morgan & Co.-Messrs COS
ter Hamilton and Gillard. ,,
Tn corrnanv starts with abundant working
capital including several million dollars III CASH