Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-02-25
The Gigantic Morgan Carnegie
Combine Incorporated,
CAPITAL, THREE THOUSAND
Articles OF Incorporation Filed with
the County Clerk, Hudson Co., N.
J.-Oniy Three Directors.

| A'NN tVlht IVps HDt-tlllNltb vi inNOl
poratlon OF the United States Steel cor
poratlon were filed today at the office OF
the county clerk of Hudson county,
New Jersey. This concern is the gigan-
tic Morgan-Carnegle combine. The
agent OF the new corporation In New
Jersey is the Hudson Trust company Of
Hoboken. The objects OF the corpora
ton are to manufacture steel, iron. cop
per and other materials and to own, oc-
cupy and develop mines, and to own
means Of transportation. The provision
Is made that the corporation shall not
own a railroad in the State of Rev
Jersey.
The lncorporators are Chas. c. Cluff.
| William j. Curtis and Charles McVeagh.
The total authorized capital stock is
$4,000 divided into thirty shares Of 800
EACH The provision le made that the
stock may be increased at any time.
The papers were prepared by Stetson,
Jennings and Russell OF New York and
were witnessed by Francis Linde Stet-
son and Victor Morawetz
The company's capital Is divided
equally into 7 per cent cumulative
preferred and common stock. The OBJ
| Jects OF the company as set forth at
length In the incorporation papers are
10 manufacture iron, steel, manganese,
coke, copper, lumber and other mater
ials and all or any articles consisting,
or partly consisting, Of iron, steel, cop
| per, wood or other material or all or
any products thereof to acquire, own,
lease, occupy, use or develop any land
containing coal, iron, manganese, stone
or other ores or oil and any woodland
or lands with the purposes Of the COM
pany to mine or otherwise extract coal,
ores, stone or other minerals Of temper;
TO buy or sell such ores or the products
thereof; 10 construct buildings bridges.
! machinery, ships, boats, engines cars
or other equipments; railroads, docks,
ship elevators, waterworks, gas works,
electric works, viaducts equeducts,
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 corporation shall not
own railroad or canal In the State Of
New Jersey.
The corporation shall also have the
right TO apply for, obtain, acquire and
dispose OF trade marks, trade names
used in connection with the business of
the company, also the right to acquire
the stock. bonds or other obligations of
any corporation engaged in the same
line of business, the company may con-
duct business in the United States and
other countries and may keep books In
other States except such are required
by law to be kept In the State Of New
Jersey.
The authorized capital stock Is divided
into fifteen shares of preferred amount
Ing to $1,000 and fifteen shares Of COM
mon stock amounting TO like sum.
From time 10 time the preferred and
common stock may be increased accord
ing 10 law and may be issued in such
amounts and proportions as may be de-
termined by the directors OF the COM
pany. The preferred stock shall be en-
titled to yearly dividends of per cent
the dividends to be cumulative. After
the dividends on the preferred stock
shall have been paid the directors may
declare dividends on the common stock.
The number Of directors II more than
three, shall be some multiple OF three
The number may be increased according
to tho bylaws. The duration Of the
corporation is perpetual.
The $1,000 capitalization OF the United
States Steel corporation excited little
comment In Wall street as 1t was gen
orally understood that the promoters
had deemed II wise as precautionary
measure TO file its incorporation papers
at this time without regard to the
amount Of capital so as to secure the
validity Of its title. Another conference
Of all those interested in the corpora
ton took place at p. J. Morgan's Office
today II was stated on good authority
that the so-called terms Of the deal
heretofore published are nothing more
than guesswork. The exact terms OF
the deal II was said, have not yet been
settled and are not likely to be before
the end Of the week, II then.