The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-03-24
COMBINE
AIN ASSURED
CERTAINTY.
The New carnegie-Friek Combine the
Largest Ever Formed In Thia
or Other Countries.
ARTICLES OF Incorporation
To be Filed 1rOnday-Mr. Frick Re-
ceivss Sixteen Million Dollars
as Els Share.

PITTSBURGH, Pa. March 2a.-The
Associated Press is enabled tonight to
present to the public the following abs
soluteiy true status of the Carnegie
Brick controversy at this time:
All the parties in Interest in the great
Carnegle-Frick controversy were in at-
tendance at the board room Of the Car
negie Steel Company from II o'clock
this morning until 8 o'clock Tonight
and as a result It Is stated auth0rita-
lively that not only have all matters
OF difference been settled and adjusted.
but that the separate and distinct
amount each party is to receive from
tho great combined capital has been
agreed upro. The charter OF the Car
negie Company has been signed by all
the parties in interest, some S6 in all,
and the three first names In the GER
tlhcate are Andrew Carnegie. followed
by Henry PhIpps. Jr., and Henry Clay
Frlck thus indicating to the world
that the old friends and recent lltfgants
are again united and standing together,
heading the list Of those interested in
the combined Industries to. be repre-
sented by the Carnegie Company, with
its capital of $3.50. 100000 and its securi-
ties amounting to perhaps as much
more.
Pittsburgh, therefore, has the credit
Of organizing the greatest corporation
that the. United States has ever known,
II not the world, in that 1t starts out
with Sl6O, 900, 900 OF stock subscribed for,
over the signatures Of sc men who arn
fully able to respond to their subscrfp'
tlons for this vast sum.
OF this Andrew Carnegie subscribed
over $SO,OOO,OOO, Henry Phipps about
SlS,OOO,OOO, Henry C. FrIck about $1s,-
100000, Charles NJ schwab about S1S,-
100000, and Francis T. F. Lovejoy about
SS,90OO00. The rest are in scattering
amounts, although the list is said to
contain and certainly represents In the
neighborhood Of S2O,OOO.0O0.
1t is stated too, authoritatively, that
on not one paper has there ever been
signatures representing a greater
amount Of actual worth in the mer-
camille world
The result OF the conference was also
an agreement on all minor points OF
detail, and the execution Of power OF
attorney signed by all the incorpora-
tors giving general power OF attor-
ney to James b. Dill, the New York
corporation lawyer who brought about
the organization, and in whom all
parties seem to have so much conf
dence that he probably is the repre-
sentative under II power OF attorney In
nm amount exceeding any sum hereto
fore known to be so represented.
The charter in the case is likely to
BE- filed on Monday Of next week, and
1t is proposed ON Tuesday and Wednes-
day Of next week to close all of the
preliminaries, to hold the directors
meeting here at Plttsburs, and to elect
the officers Of the company and ar
range every other matter OF detail, all
OF which at present are fixed by agree
ments In writing, but which are nor
accessible 10 the public.
There was a conference this evening
Mt the Duquesne Club. between Mr..
Dill, us representing Mr. Carnegle's in-
terest primarily. and Mr.. H. c. FricIz.
Mr.. Henry Phipps, Jr., Mr.. Lovejoy and
others. The object Of the conference
could not be ascertained. but It was
supposed to be to arrange some minor
matters OF detail.
Mr.. c. NJ. schwab, president OF the
company, left for New York tonight,
It is supposed to confer with Mr.. Car
negie and others In that city.
It 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. and the conferences
which mas. be had from now until the
close are simply to arrange matters Of
detail, possibly. involving the question
Of the relative subordinate positions in
the lnrgp company