The evening world. [volume] (New York, N.Y.) 1887-1931, 1901-02-25

with Its president. Charles NJ. SChwaD
Guaranteed "A salary OF sa-,ss ~ y.al
and AN immediate prospect ~ snrninl
is psr cent. Tor IT, Stockholders. IN.
United states Steel Corporation r".n-'
into existence TODAY Hlth The gisan's'
capital OF n.i",v".
This l. tn Steel Trust. "rraniZ-d ~
J ricrpon, Morgan. The final details
w.r. arranged last ni.ht "a, c"nfrr'
.rce In the Waldorf and tn. article. %!
| INCORPORATION are 10 be iii.i at Trenton
to-day or Tomorrow.
II il the greatest combination "i
capital ever organized. !t- president
! gets the biggest salary ever drawn nS
any man In the commercial! world.
Th. demand for such salary stag
r.r.d even IN, inaEns:r VIII" took rar'
In thc ,i.ai aud VIII, usually hshr" III
thousands OF dollars
but In making !, Mr. schwa" was
bacred by Andrew Carnegie.
scnwab offered his services at 's'''.'
n wear and asked q tre year cohV 'e'
besides.
Andrew Carnegie laid he would upse'
tho whole teal unless Schwab was p'acfu
al III. head .: the new company
Ana :, !. Pierpont Morgan AMI inc
other rin,nci.rs yielded and Mr Se"""'
Will for the next I'VE YEAR earn "a Gems
,or every tick NJ The clock In the TWEEN
Is four hours Of each day
This will give him more than -l'5'
,,,,u,. n, an nour and E.isi u day.
q, Saturday night. II he should draw
hi. nay in the manner OF most ORDINARY
u,ortals. he would be handed Out an
with the comfortable sum OF
fEls, -.
And less thin score of year. az" MI
Irhw., wa. drawing 4 salary OF "
Conr~rms In the Trust.
Eirh, concerns 20 Into The new cor
p1r.tlon. They ar. the Carncs'" ''h'
pnny. ,hr Federal Steel Company. III"
National Tube COMPANY III. American
Steel and Wire Company. tn" american
Tin Plate Company. tn" Sa'!ona! steer
company. the American steel Hoop
and the American Shee; Steel
COMPANY.
The new corporation WI issue "r
-tock in return Tor theirs tn" com
pani.s hay. combined earnings ~ NOR"
tnau Sivl.0.,yJ annually. and AL OF thc'n
hay. large surplus funds.
or "a, u.UD.O)00 capital ~ the trust
t,s.O,OD viii be 5 per cent, general
mortgage bonds. 3i1o.ooo.o"o will be per
ant. stock and ipO.9',s1 S,ll b. COM
mon stock
IN. men selected 10 enter the airecto-
rteS %. the various companies and hold
control until other companies are an
.orbed ara; Judge Gary. Of Federal
y eel: Judge Moore. Of tine American Tin
Plat. Trust: John ". Gates. Charles ~,
schwab AMI J. Pierpon, Morgan.
Tho chart. roi the trust has been pre-
pared by legal commi'te" "n" hav"
every aspect OF the trust 4ues.
Non, This COMMITTEES consists OF
Francis I.ynic S,ots"n. Mr. Morgans
personal counsel: william Nelson crom.
well, general counsel ~ the Naiionai
'lui,r concany. Judge E:ibe,1 u! Gary.
~ ,!;r Federal Steel COM
nam. Nnx Fam. Of Chicago. counsel for
m. American steel and Wire Company.
and Victor Nor,w-iz. These h'e nS'i
Mr MDrgaH's interests IL thS
matter
Th... lawyer, Win J. P.rr-ron; Nor
gan. Woncrl HacoH anI Charles y.
steele. NJ. MorHan's partners. Pr" silent
,.hpric. 81. Suhawb. o. tho taTIcrit
COMPANY. Chairman John W. Gates. o!
tho American Steel and Wire i!recio-
rate; Judge william II. Moore, ~ China
go. who promoted and represents the
National Steel American Tin Plate.
American Steel Hoop ana American
Sheet steel Companies. and President T..
{. Converse. OF the National Tube Com
many. were among those WHO took part
in the mai conference.
|, way then that the question OF Mr..
;chwnb'r salary was arranged. and ,hat
The hitch over the contro! OF several Of
inc cumbIninb concerns WAS .ira!sit.
mel but. These companies we're the
American Steel Hoop. the American
,heet Steel. the National Steel AMI tho
tslcstcan Tin Plate. Judge Moore nnalix
y = - s+iat