The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-03-23

armor plate department and thirteen fin
ishing mills; the Carrie blast furnaces,
Rankin, Pa; the Upper Union mills,
Pittsburg, Pa; the Lower Union mills,
Pittsburg, Pa; the Larimer Coke works,
Larimer, Pa; the Youghogheny Coke
works, Douglas, Pa; the Carnegie Nat
ural Gas company, the Youghiougheny
Water company, the Mount Pleasant
Water company, the Trotter Water com
pany, the Union Railroad company. the
Slackwater Railroad company, the
Youghiogheny Northern Railroad COM
pany; the Pittsburg, Bessemer and Lake
Erie Railroad company; all the coal and
coke property of the H. c. Frick Coke
company in Fayette and West Moreland
counties, Pennsylvania, including 10000
acres of unmined coal, 100000 acres of
surface lines, 1000 coke ovens, 250O rail-
road cars and $500 dwellings; the Pitts
burg & Conneaut Dock company. 1885 per
cent of the capital stock of the Pennsyl-
Vanta & Lake Erie Dock company: one
fourth of the capital stock of the New
York, Pennsylvania & Ohio Dock COM
pany; the Oliver Iron Mining COMPANY:
all Of the stock of the Pioneer Iron COM
pany, 1913 per cent of the stock of the
Lake Superior Iron company 98 per cent
of the stock of the Security Land and
exploration company, one-half of the
capital stock of the Pewabic company:
the Pittsburg Limestone COMPANY linn
ted; the Pittsburg Steamship company.
including all of its vessel property. etc.
eleven steamships and two barges, with
carrying capacity of 100000 tons per
annum.
TALKS WITH PRINCIPALS
Mr.. Frick refused to discuss the plans
of the reorganized company in detail
when questioned by an Associated Press
representative this evening. He said that
the arrangements entered into were salts
factory to him, or he would not have
signed the agreement. When asked what
would be the value of the stock he would
control in the organized company, Mr.
Frick replied that 1t was impossible at
present to answer that question, as the
capitalization of the new company had
not yet been determined He would, like
all other stockholders, be given stock in
the new proportiofate with the percen-
tage he held In the limited partnership
concern. When asked about the iron
clad" Mr.. Frick smiled and said that
nothing of the kind could legally exist
under an incorporated stock company, so
he was giving the matter no concern. The
ex-chairman refused positively to discuss
the matter further, saying that all the
information necessary for publication had
been sent out by the company's press
agent
President c. M Sehwab who will be
the head Of the big combination, was met
in the Carnegie building Immediately
after the stockholders meeting. He was
jubilant over the happy turns affairs had
taken. When questioned as to the capt.
talization Of the reorganized company,
Mr.. Schwab said that was a matter for
future consideration. The first step only
had been taken. he said, and there were
many details to be arranged before the
organization was complete.
Secretary A. NJ Moreland, of the Car
negie Steel company, said that 'the capt.
talization Of the new Carnegie Steel COM
pany has not yet been determined, conse-
quently I cannot tell what will be the
value of Mr.. Frick's share"
''Will Mr.. Frick receive s12,0OOOOO in
stock?"
YES fully that amount, If not more
"Will there be any agreement similar
to the famous iron-clads entered into by
Mr.. Carnegie and his fellow stockhold-
ers?"
Certainly not. Under the rules OF the
charter to be granted, a-steekholdera wish,
ing to sell out his interest can do so
whenever he secures a purchaser. He is
free to dispose of his interest to the per-
son or persons paying the highest price
for the same"