The evening times., 1900-03-27
A MILLION FOR HIS FEE.
The Price to Be Paid to the Cnrne-
gie-Frick Peacempker.


NEW YORK. March 27.-James b. Dill
corporation lawyer, has broken the record
of his Fiad by earning fee of 81, 900, ,000
This is the amount he is to receive for
making friends and business partners OF
those erstwhile bitter enemies, Andrew
Carnegie and Henry c. Frick. Incidental
| ly he engineered a pool CT their interests
which is the basis of new Carnegie cor
I poration, the most gigantic In all the world
! of iron and steel and coke. Mr. Dill is
/ now in Pittsburg putting the finishing
| touches on the task of a few weeks that
will net him his fee Of a million.
! Mr. Dilfs professional ministrations have
J nipped III the bud immense litigation which
| was rapidly involving the most powerful
| legal and financial resources available in
| the United States. The trouble began in
1890. Ii anticipation of boom MT. Frick' S
coke company accumulated so large a stock
Of that fuel that it ran short OF cash be-
fore the expected boom appeared on the
horizon.
SO Mr.. Frick. who was also a member
cf the Carnegie Steel Company went to
Mr.. Carnegie and contracted to sell him
the entire stock of coke at the price then
prevailing-Sl35 a tOn-tCgether with all
that should be manufactured fer period
of five years.
Presently the boom came. and coke was
salable at over 81 a ton. When Mr. Fricb
insisted On having the contract abrogated
Mr. Carnegie asked for his resignation. and
offered him $4,000 900 for his steel compa-
ny stock. Then the fight began. A week
ago no solution outside the courts seemed
possible. and there was a difference be-
tween Mr.. Carnegie and Mr.. Frick Of about
$50 600 900.
Here is where James B. Dill enters on
the scene. Mr.. Dill twenty years ago WAS
a reporter on the Chicago Tribune" Now
be is dean of the country's fraternity of
corporation lawyers with a splendid suite
Of offices at 27 Pine Street He is author
of book entitled, "Dil on New Jersey
Corporation Laws" and is celebrated lee
tureT on that subject Many of the larg-
est Eastern corporations were organized
by him.
Mr. Carnegie and eight of his business
friends and enemies gathered at Atlantic
City They reduced their differences to
$1,000. GOO. There they stuck.
Mr. DilIs arrival was the signal for all
TO depart but Mr.. Carnegie aad Henry
Fhipps. the latter representing the com
bined opposition. Mr.. Carnegie and Mr..
Phipps, friends OF many years standing
had been enemies only year or so, and
were very eager TO shake hands again.
The trio seated themselves at table
and Mr.. Dill dealt the hands" Passing
a sheet Of paper to Ar. Carnegie and 'aa-
other TO Mr Phipps he said.
Gentlemen. you will please write en-
Cne side OF the sheet your estimate Of the
value of your property and on the other
what you think Mr.. Frick's interest will /
be worth under the proposed pooling ar
rangement"
Mr.. Dill finally arranged all Mr. Dill's I
81. 000, eco fee was earned The result will /
be a corporation combining all the inter |
ests involved. with a capitalization Of |
$3.50 COO. GOO. and today the Carnegie and |
Frick interests stand soIidly together in a !
determined attempt 10 control the iron and |
steel interests Of the United States.