The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-03-27
A MILLION FOR HIS FEE.
The Price 10 E.e Paid 10 the Carne-
Efe-Frick PencemRIzer

Efe-FricL PencemRIzer.
NEW YORK. March 27.-James B. Dill.
corporation lawyer, has broken the record
of his kind by earning fee OF 81 900. O00
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 a new Carnegie cor
poration, the most gigantic In all the world
OF iron and steel and coke. Mr.. Din Is
now in Pittsburg putting the finishing
touches on the task Of few weeks that
VII net him his fee OF a million.
Mr DilTs professional ministratiOns have
nipped in 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 Il anticipation of a boom Mr. FrlCk's
coke company accumulated so large a STOCK
Of that fuel that IL ran short OF cash be
fore the expected boom appeared on the
horizon.
So Mr.. FTick. who was also member
Of the Carnegie Steel Company, went to
Nir. Carnegie and contracted TO sell him
the entire stock OF coke at the price then
prevailing-Sl35 a tOn-tCgether with al
that should be manufactured fer a period
Of five years
Presently the boom came. and coke was
salable az over 81 q ton. When mr.. Frici
insisted On having the contract abr0gated
Dir. Carnegie asked for his resignation. aud
offered him S5.G00 900 for his steel compa-
ny stock Then the fight began 4 week
ago no solution outside the courts seemed
possible. and there was a difference be
tween Mr. Carnegie and Mr. Frick OF about
$50. 600 600.
Here is where James b Dill enters on
.n..-
a reporter on the Chicago Tribune Now
be is dean of the C0untrys fraternity OF
corporation lawyers. with a splendid suite
Of Offices at p Pine Street He is author
OF a book entitled. Dill on New Jersey
Corporation Laws" and is a 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 al Atlantic
I City. They reduced their differences to
$500 GOO There they stuck.
Mr. DilIs arrival was the signal FOR all
TO depart but Mr. Carnegie aad Henry
I 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 a table
and Mr. Dill dealt the hands" Passing
a sheet Of paper TO Mr. Carnegie and an
other 10 Er Phipps be said:
Gentlemen. you viii please write en-
enc side Of the sheet your estimate OF the
value OF your property and on the other
what you think Ir. Tricks interest will
be worth under the proposed pooling ar
] rargsmeut.~
NJ Din finally arranged all. Mr. DilTs
| 81 OC0 coo fee was earned The result viii
I be a corporation combining all The inter
, $3.50 COO. 600 and today the Carnegie and
/ rrick interests stand s3lidly together in
/ determined attempt 10 control the iron and
( steel interests Of the United States.