The Wichita daily eagle. [volume] (Wichita, Kan.) 1890-1906, 1900-03-25

until nearly 5 O'Clock tonight. and as
result it is stated authoritatively that MOI
only have all matters of difference beer
settled and adjusted, but that the sep.
arate and distinct amounts which each
party IS to receive from the great com.
bined capital has been agreed upon The
charter of the Carnegie Steel company
has been signed by all the parties in i'm
terest, some thirty-six in all, and the
three first names in the certificates are
Andrew Carnegie, followed by Henry
Phipps Jr., and Henry Clay Frick. thus
indicating 10 the world that the old
friends and recent litigants are again
united and standing together, heading the
list of those interested in the combined
industries to be represented by the Car
negie company, with its capital Of $780,
0O0 900 and its securities amounting to
perhaps as much more. OF this amount
Andrew Carnegie subscribed over sS0,000,-
200, Henry Phipps about $4,000, 600, Hen
~ c. Prick about SIG, 900, coo; Charles NJ.
Schwab about s18OO0,0O0, and Francis T.
F. Lovejoy about s80O0,0OO. The rest are
in scattering amounts, though the list is
said to contain, and certainly represents.
in the neighborhOod Of twenty million
aires.
The result of the conference was also
an agreement on all minor points of de-
tail. 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 the prelimin-
aries, to hold the directors meeting here
at Pittsburg and to elect the officers of
the company and arrange every other
matter of detail.
Pittsburg, Pa. March 23.-The new Car
negie company will he established under
the New Jersey law, but the charter
will be very different from those Of the
various large corporations formed within
the last year or so. 1t is promised that
the new charter will he as firm as the
principal product of the company that
will operate under it.
One of the principal features Of the
Carnegie company plan will be the pro-
vision that if any stockholder wishes to
dispose OF his interests he will make
known the fact to board of appraisers,
consisting Of three stockholders who will
declare its value, and the company will
buy the stock at the price thus fixed.
The formation of the big corporation out
of the steel company interests and the
coke company will bring back into the
iron and steel making industry many
men who in years gone by figured with
much prominence in its manufacture
Necessarily, there will be a number of
changes in methods of management, al
though the general plan now pursued is
to be followed. The executive affairs. it
now seems, will be in the hands of a
board of directors made up of men who
know the business of steel making from
beginning to end. E. r. F. Lovejoy, who
his position as secretary of the
steel company and joined hands with Mr.
F'rick in the fight, will very likely again
occupy a high official position. There
will be other oId-time officials of the
Carnegie company in the harness again,
as well as some new blood, brought in
by the continuance of the policy of An
drew Carnegie in making partners of de-
serving and bright young employers. The
settlement has caused universal rejoicing,
not only among the Frick and Carnegie
adherents, but also among the bankers
and business men. 1t is known that for
several days banker friends of both sides
have been trying to sec a way to settle
he fight, as they saw in it unrest for
both contestants, injury to the business
md fortunes of both the partners, and
injury to the business Of Pittsburg in
general and especially the iron and steel
ministry