The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-02-10
IRON CLAD AGREEMENT.
a True Copy. of the Famous Carnegie
1ron-Clad Agreement, Which Will
Probably Figure In Mr.. Frick'sI
Case Against the Frick Company.


Probably Figure in Mr.. Friek's
Case Against the Friek Company.
PITTSBURGH. Pa, Feb. s.-The Post
tomorrow win. publish the following:
When the cass Of II. q Frick against
the Carnegie company d heard in court
the document, of which this is true
copy, viii be one OF the most important
and interesting features OF the case. It
is n supplment to and really u part OF
the famous ''lron-clad" There is a sin-
gular fateful connection between the
two papers. Every partner must sign
the "lron-clad" before he is really a
partner. The document is desIgnatad
'.The agreement of sale" The last Of
hcIal act OF retiring partner is to at
tach his signature 10 It in the presence
of the compapy's notary. This Is the
agreement of sale in form and COM
plete:
This agreement, taking effect by and
between the Carnegie Bros. & Co, Linn
ited, and Carnegie. Phipps & Co, Linn
lted, hereinafter styled the association,
and (name OF retiring partne) all Of
Pennsylvania
"The said tname OF retiring partneT)
for and In consideration OF the coven-
ants and agreements hereinafter men-
toned, to be kept. done and performed
by the said tretiring partnerl assocla-
tion, and for and in consideration fur
ther Of cash payment this day made
on account of this agreement, as evil
denced by certain receipt vouchers OF
even date with the signing hereof; does
now covenant and agree, or himself,
his heirs, executors and assigns. 10 sell
on demand as provided hereinafter, to
asslgn, set over and transfer in such
manner and form as may be deemed
necessary, or advisrd By COUNSEL to
said associations OF to either Of them.
or to sucn person or persons as they
shall designate;
IAN and singular the interests held
by him, the said retirlng partner) in
the following named association and
companies, to wit;
"of the paid up capital Of Carnegie
Bros. & Co, Limited number Of
shares), Carnegie. Phlpps & Co, Linn
tied.
III. c, Friek Coke Co.
"Keystone Bridge Company,
Union supply Company, Limited.
"YoughIoghcny Railroad Company.
Limited,
..Youghlogheny Water Company.
Mount Pleasant Water Company, to-
rether with all undivided or surplus
profits in any way applicable thereto
at date Of sale (of retiring partner) and
all dividends declared on or after the
same date.
ION the part of the said association
1t is agreed;
ITO account TO the said tretlring part
ner) for the full book value Of the said
interests herelnbefore mentioned tat the
dale of retiremenD and after 'deduct-
ing from their aggregated value as
aforesaid, such charges and claims rs
0
may properly and lawfully appear In
their account with him, to nay the ball
ance remaining In cash or notes, as pro-
yIded in a certain agreement dated
January 10, 1881, and further, upon the
establishment of the book value OF said
interests at time of retirement to make
dp a statement of account, showing the
balance due the said Cretlring partner),
and 80 soon thereafter as the parties In
interest may be able to'confer to make
settlement thereof as before provided
at is further Understood and agreed
that this agreement is to be considered
as a part OF and supplemental to cer-
tain like agreements, dated January 10.
1881, currently known as the Iron
clad" agrcGmcnts, the one between ths
partners composing the association Of