Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-03-24
'ALL MATTERS OF DISPUTE
BETWEEN THE Prick AND CAR
NEGIE INTERESTS HAVE
BEEN ADJUSTED.
AMOUNTS OF STOCK
AGREED UPON.
CARNEGIE'S INTEREST $50. OOO, 900,
AND TRICKS $4,000 200.
The Paper Containing the Signatures
One Showing the Largest Amount
OF Actual Worth Ever Signed in
the Mercantile WOrld-Authentic
Details of the settlement.

DetaliS OL the Scttlcihcuts
PITTSBURG, Pa, March 23.-The
Associated Press is enabled tonight to
present to the public the following abb
solutely true status of the Carnegie
Prick controversy at this time:
All the parties in interest in the
great Carnegie-Frick controversy were
in attendance at the board room of
the Carnegie Steel Company from II
o'clock this morning until 5 o'clock to-
night, and as a result it is stated
authoritatively that not only have all
matters of difference been settled and
adjusted, but that the separate and
distinct amounts which each party is
to receive from the great combined
capital has been agreed upon. The
charter of the Carnegie company has
been signed by all the parties in in
terest, some So in all, and the first
names in the certificate are Andrew
Carnegie, followed by Henry Phipps,
Jr., and Henry Clay Prick, thus indi-
eating to the world that the old friends
and recent litigants are again united
and standing together heading the list
of those interested in the combined in
dustries to the represented by the Car
negie company with it's capital of one
hundred and sixty million dollars and
its securities amounting to perhaps as
much more.
Pittsburg therefore has the credit of
organizing the greatest corporation
that the United States has ever known,
if not the world, in that it starts out
with one hundred and sixty million
dollars of stock subscribed for, over
the Signatures of t%hirty-six men who
are fully able to respond to their sub
scriptions for this vast sum.
Of this amount Andrew Carnegie
subscribed over $780, 0O, 900, Henry
Phipps about s1S, O00, 900, Henry C.
Frick about SIG, 000, 900, Charles M.
schwab about SIS, O0O, 900, and Francis
T. F. LoVejoy about $4,000, 900. The
rest are in scattering amounts, al
though the list is said to contain, and
certainly represents in the neighbor-
hood of $40, 900, 900.
1t is stated, too, authoritively, that
IN not n paper has there ever been
signatures representing a greater
amount of actual worth in the mercau-
tile world.
The result of the conference was also
an agreement on all minor points of
detail and the execution of a power of
attorney signed by all of the incorpor-
ators giving a general power Of attor-
ney to James D. Dill, the New York
corporation lawyer, who brought about
the organization and in whom all par
ties seem to have so much confidence
that he probably is the representative
under a power of attorney in an
amount exceeding any sum heretofore
known to be represented.
The charter in the case is likely to be
filed on Monday of next week, and it is
proposed on Tuesday and Wednesday
of next week to close all of the pre-
liminaries, to hold the directors meet
ing here at Pittsburg and to elect the
officers of the company and arrange
every other matter of detail, all of
which at present are fixed by agree
ments in writing but which are not
accessible to the public.
There was a conference this evening
at the Duquesne Club between Mr..
Dill, as representing Mr.. C~arnegie's
interest primarily, and Mr.. H. C. Prick,
Mr.. Henry Phipps, Jr., Mr.. Lovejoy,
and others. The object of the confer
ence could not be ascertained, but it
was supposed to be to arrange some
minor matters of detail.
Mr.. C. M. Schwab, president of the
company, left for New York tonight,
it is supposed, to confer with Mr.. Car
negie and others in that city.
1t is absolutely safe to state that all
of the matters of difference have been
adjusted, the suits have been with
drawn, the properties are all arranged
for transfer under the power of at
torney as stated above, and the on
ferences which may be had from now
until the close are simply to arrange
matters of detail, possibly, involving
the question of the relative subordin-
ate positions in the large company.
Rad N1fSfca