New-York tribune., 1901-02-26
STEEL CHARTER FILED.
COlIPANY TO BE KNOWN AS
Z. s. STEEL CORPORATION.
NOMINAL CAPITALIZATION SO. S3.O0O-LIKELY
TO BE INCREASED To S1SOOO 100000
REPORTED TERMS OF EX-
CHANGE OF STOCK
CHANGE OF STOCK.

REPORTED TERMS OF En-
CHANGE OF STOCK.
The gigantic consolidation of steel companies
which J. Pierpont Morgan and his associates
have for several weeks been engaged in form
ing came into legal existence yesterday, when
the articles of incorporation of the United
States Steel Corporation which is to be the
style of the combination, were filed in the office
OF the clerk of Hudson County, N j., and
hour or two later in the Office of the Secretary
OF State Of New-Jersey at Trenton The initial
authorized capital is nominal. only $1,000 but
provision is. of course. made that the capital
may be increased at any time. The corporators
are William J. Curtis of the law firm of SuIli-
van & Cromwell. the senior member of which
William Nelson Cromwell. has taken an active
part in the drafting of the charter and the per-
fecting OF the legal details incident to the con-
sol!dation; Charles MacVeagh. an officer and
director of the Federal Steel Company and
Charles c. Cluf, and the names of Francis
Lynde Stetson and Victor Morawetz are ap-
pended to the instrument as witnesses
BY filing the charter yesterday the name
agreed upon has been secured TO the new COM
pany, although the arrangements for absorbing
the various subsidiary companies may not vet
be fully perfected and opportunity is given to
counsel 10 amend the instrument If il should
prove necessary. before the great corporation
assumes it's final form.
Mr.. Cromwell. President Gary Of the Federal
Steel Company. Max Pam representing the
American Steel and Wire Company and Francis
Lynde Stetson. who is one of Mr.. Morgan's con-
hdential advisers were in conference the greater
part OF the day. With them from time to time
were representatives OF the various concerns
which are TO form the great corporation. There
were unconhrmed statements that committees
representing these companies had prepared cir
cular letters to be sent To their stockholders:
that these letters gave exact terms and all
details. and that the shareholders would be
urged 10 accept the terms set forth. A director
OF the American Steel and Wire Company said
Of this: Il don't know what the directors of the
other companies interested may have done but
can say that Yet we have prepared no letter
for our shareholders"
1t had been confidently expected that a formal
statement giving details of the plan of CON
sodation would he issued In the course Of the
day by J. F. Morgan & Co. but late in the
afternoon Robert Bacon. of that firm. announced
that IT had been found impossible to complete
the statement before to-day. and that its pub
HcatiOn must therefore be deferred. 1t is under
stood that it will be issued some time to-day
TERMS OF THE CHARTER.
The charter Of the United States Steel Cor
poration is as follows:
We the undersigned. in order TO form a corpora
tion for purposes hereinafter stated under and
pursuant to The provisions OF the of the Legis-
the acts amendatory thereof and supplemental
L. The name Of the corporation Is United States
of 4 nf IS at of NS rs PpS2 m G in n the s
of Hoboken. County of Hudson. The name of the
agent therein and In charge thereof, upon whom
Td hS G oc may be served
registered office Of said corporation - 'e '''e
Ill The objects for which the corporation is
To manufacture iron. steel. manganese coke
copper. lumber and other materials. and all or
steel. copper. wood or other materials and all or
To acquire own lease occupy. use or develop
any lands containing coal IRON manganese. stone
lands for any purpose Of the company i1
To mine or otherwise to extract or remove. coal.
ores, stone and other minerals and timber from
any lands owned acquired. leased or occupied by
the o bTT and & from on ahy to e or to traffic
in, iron. steel manganese copper stone ores. coal
coke. wood. lumber and other materials. and any
Of the products thereof any articles consisting.
or 6 partly rG S0nsistPg hta hsTeHf S,Sr rar s,Ds
boats. eng Ines cars and other equipment rail-
works and electric works viaducts aqueducts
canals and other waterways and any other means
wise to dispose thereof. or to maintain and oper-
ate the same except that the company shall not
maintain or operate any railroad canal in the
State OF New Jersey.
AS TO PATENTS AND TRADEMARKS
To apply for. obtain, register purchase lease
otherwise TO acquire. and to hold. use, own. oper-
and Introduce and to sell. assign. otherwise
to dispose of, any trade marks. trade names pat
ents, inventions, improvements and processes used
in connection with secured under letters pat
ent of the United States. elsewhere. other
wise and TO use, exercise develop, grant licenses
in respect Of otherwise TO turn to account any
such trade marks, patents licenses, processes and
the like any such property or rights
To engage in any other manufacturing, mining.
construction transportation business of any kind
or character whatsoever, and to that end to ac-
qure hold, own and dispose of any and all prop
erty, assets stocks bonds and rights of any and
every kind; but engage in any business here
under which shall require the exercise of the right
of eminent domain within the State of New-JerSey.
To acquire by purchase. subscription or other
wise and to hold to dispose OF. stocks, bonds or
any other obligations of any corporation formed
for or then or Heretofore engaged in or pursuing
any or of the kinds OF business. purposes.
objects or operations above indicated, or owning or
holding any property of any kind herein mentioned;
or of any corporation owning or holding the stocks
the obligations Of any such corporation.
To hold for investment, or otherwise TO use, sell
dispose of any stock. bonds other obligations
any such other corporation to aid in any manner
Continued second page.