Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1901-03-02
MORGAN CARNEGIE DEAL.
Evidence of Its Completion Given in
the Filing of Incorporation Pa
pers at Trenton, N. ].
UNITED STATES STEEL CORPORATION.
The Initial Capital is Not very
Large, But According to the Ar
ticIes of Incorporation There is
Plenty of Room md Opportunity
for Expansion.

New York, Feb. 26.-Articles OF in-
corporation of the United States Steel
corporation have been filed at the
office OF the county clerk of Hudson
county, New Jersey. This concern IS
the gigantic Morgan-Carnegie com
bine. The agent of the new corpora
ton in New Jersey is the Hudson
Trust Co., Of 81 York street, Hobo
ken.
Objects of the Corporation.
The objects of the corporation are
to manufacture steel, iron, copper
and other materials, and to own, oc-
cupy and develop mines, and to own
means OF transportation. The provi-
sion is made that the corporation
shall not own a railroad in the state
of New Jersey.
The incorporators are Charles c.
Cluff, Wm. j. Curtis and Charles Nc
Yeagh.
Initial Capital Not Very Big.
The total authorized capital stock
is $4,000, divided into 30 shares Of s11G
each. The provision is made that the
stocks may be increased at any time.
The papers were prepared by Stet-
son, Jennings & Russell, of New York,
and were witnessed by Francis Lyude
Stetson and Victor Morawetz.
scope OF the Corporation.
The company's capital is divided
equally into seven per cent. cumula-
tive preferred and common stock. The
objects Of the company as set forth
at length in the incorporation papers,
are to manufacture iron, steel, man
ganese, coke, copper, lumber and 9th.
er materials, and all or any articles
consisting or partly consisting, of
iron, steel, copper, wood or other ma.
terial, or all or any products thereof;
| to acquire, own, lease, occupy, use OF
develop any land containing coal, iron
manganese, stone or other ores or oil,
and any woodland or other lands with
the purpose of the company; to mine
or otherwise extract coal, ores, stole
or other minerals or timber; to buy
or sell such ores or the products there.
of; to construct buildings, bridges.
machinery, ships, boats, engines, cars
or other equipments; railroads, docks,
ship elevators, water works, gas
works, electric works, viaducts, aque.
ducts, canals or other waterways and
means of transportation, or to sell or
dispose of the same, or to maintain
or operate the same. But the corpo.
ration shall not own a railroad or
canal in the state of New Jersey.
other Rights GRANTED.
The corporation shall also have the
right to apply for, obtain, acquire or
dispose of trade marks, trade names
used in connection with the business
Of the company also the right to ac-
quire the stock, bonds or other obli-
cations of any corporation engaged
N.u tine same line of business. The
caue-nF uay conduct business in the
United States aaa lHer countries
and may keen book "a o5aer states
eacyp, sueh as are required bv law
to be kept in the s.yt o. New Jersey.
Division of the Capital stock.
The authorized capital stock is di-
yidcd into Is shares of preferred,
amounting to $1,000, and Is shares OF
common stock, amounting to a like
sum. From time TO time the pre-.
ferred and common stock may be in,
creased according TO law, and may be
issued in such amounts and proper
tions as may be determined by the
directors of the company. The pre-
ferred stock shall be entitled to year.
ly dividend Of seven per cent; the div-
jends TO be cumulative. After the
dividends on the preferred stock shall
have been paid the directors may de
clare dividends on the common stock.
OF Perpetual Duration.
The number of directors, if more
than three, shall be some multiple Of
three The number may be increased
according to the bylaws. The dura-
tion of the corporation is perpetual,
SLAUGHTERED BY CHINESE.
Twenty Missionaries and Nine Chill