The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1900-03-22

which finally eliminated in the sign
ing of an agreement. both for them
selves and their friends and those allied
in business with them
The agreement covers not only all the
points at issue between the two leaders.
but also the taking into the comblna-
ton of all the allied companies in which
they were individually Interested The
conference between the two great man
ufacturers took place at the Hotel
Brighton, Atlantic City and lasted for
two days. All the points at issue were
discussed with frankneSs on each side
Mr.. Carnegie was able to convince his
former partner that he had no un-
friendly spirit and that there were
most cogent reasons why they shouid
both work together in harmony That
the conference resulted in the most
friendly relation between the two men
may be inferred from the fact that they
came to New York together and that all
traces of bitterness had disappeared
The practical agreement was reached
on Monday night, and an agreement
reached for a meeting on Tuesday, at
which the contract was to be executed
That meeting took place and there were
present F. F. Lovejoy, Lawrence y
Phipps, and Mr.. Carnegie, Charles M
SchWab Andrew M. Moreland, James
Gayley, Thomas Morrison and Daniel
NJ Clemson. The meeting was long
and interesting one and it was not u11-
til late Tuesday afternoon that an
agreement was reached
When at last this agreement was
reached it was formally drawn up and
signed by all persons present, not only
for themselves, but also for all the
stockholders in the concerns that they
represented.
There were two main points in the
agreement. First that all old dl1fer-
ences should be settled and all litigation
stopped at once. Second, that those
present, acting not only for the firms
which were in litigation, but also for All
their individual holdings in outside
companies agreed that all those allied
companies of whatever kind and ma
ture should be combined in one common
concern and put under the manage
ment of one immense corporation, IN
corporated under the laws OF New Jer-
sew with a capital Of 2OO,00O,OOO.
How far reaching these agreements
are is shown by the fact that they COW
er not only the Carnegie steer company.
with its $4,000. 600 of paid in capital, but
| also the coal mines, the fleet OF ooaJS
on the Great Lakes, the iron mines, the
| railroads. the transportation lines the
| immense coal fields and the coke inter
ests and, in addition to these, many
/ other interests in subsidiary companies.
which have their existence and draw
| their support from these primary ones
All these are merged into one colossal
| corporation. The details of the corpor-
alton were agreed on, and the various
/ amounts of the stock in the new corpor-
alton that should be taken by each of
| the allied cOmpdHleS III c@ACAidh6C Aoh
| their holdings were settled.
Mr. Carnegie, it is said, met the men
| who have been opposing him, in
/ friendly spirit; that all differences be-
I tween them were settled and that the
utmost cordiality now exists between
/ the hitherto sturdy opponents. Ihe
charter of the new corporation is to be
\ drawn within a. few days, and as soon
as the necessary papers can be prepar-
/ ed the Incorporation will be completed.
| CONFIRMATION-
New York March 22.-The CONNER
| cial Advertiser today says.
Authoritative confirmation was OBJ
| tanned today of the report of a settle
| uent of the contest between Andrew
Carnegie and Fl. G. Frick. They have
! agreed to drop all suits and have signed
! articles for a great steel and iron COM
| bination, the details of which are to be
| arranged tonight or tomorrow at Pitts
i burg, whittier the lawyers in the case
I are going today. The capital of the
! concern will be $500. .000, 900, or perhaps a.
4 little less.
SILENCE AT PITTSBURG.
| Pittsburg, Pa, March 22.--The per-
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