Evening star., 1901-02-25
Incorporation Papers Filed at Tren-
ton This Morning.
CAPITAL STOCK ONLY So, 600
This, However, May Be Increased
at Any Time.
OBJECTS OF NEW COMPANY

NEW YORK, February 25.-Articles Of in
corpora ation of the United States Steel Cor
poration were filed today at the office of
the county clerk of Hudson county, N. j.
This concern Is the gigantic Morgan-Car-
negie combine. The agent of the new
corporation in New Jersey is the Hudson
Trust Company of 81 York street, Ho-
bCken.
The objects of the corporation are to
manufacture steel. iron, copper and other
materials and to own, occupy 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
New Jersey.
The incorporators are Charles c. Cluff,
William j. Curtis and Charles MacVeaSh.
The total authorized capital stock is $1,000,
divided into thirty shares of 800 each.
The provision is made that the stocks
may be increased at any time.
The papers were prepared by Stetson.
Jennings & Russell of New York, and were
witnessed by Francis Lynde Stetson and
Victor Morawetz.
Division of the Capital.
The company's capital is divided equally
into per cent cumulative preferred and
common stock. The objects of the COM
pany, as set forth at length in the incor-
poration papers, are to manufacture iron,
steel, manganese, coke, "copper" lumber and
other materials. and all or any articles con-
sisting or partly consisting of iron, steel,
copper, 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 other lands
with the purposes of the company; to mine
or otherwise extract coal, ores, stone or
other minerals of temper; to buy or sell
such or the products thereof; to con-
struct buildings, bridges, machinery, ships
boats, engines, cars or other equipments,
railroads, docks. ship elevators, water
works gas works, electric works, viaducts,
aqueducts canals other waterways and
means of transportation, or to sell dis
pose of the same, or to maintain or operate
the same. But the corporation shall not
own a 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 connec-
ton with the business of the company,
also the right to acquire the stock, bonds
or other obligations of any corporation en-
gagged in the same line Of business. The
company may conduct business In the
United States and other countries and may
keep books in other states, except such as
are required by law to be kept in the state
Of New Jersey.
The authorized capital stock Is divided
into fifteen shares Of preferred, amounting
to $500 and fifteen shares of common
stock, amounting to a like sum. From
time to time the preferred and common
stock may be increased according to law
and may be issued in such amounts and
proportions as may be determined by the
directors of the company. The preferred
stock shall be entitled to yearly dividends
of Z per cent; the dividends to be cumula-
tive. After the dividends on the preferred
stock shall have been paid the directors
may declare dividends on the common
stock.
The number Of directors If more than
three, shall be some multiple of three The
number may be increased according to the
bylaws The duration of the corporation
Is perpetual.
Anent the Capital Stock.
The $1,000 capitalization Of the United
States Steel Corporation excited little COM
ment in Wall street, as it was generally I'M
derstood that the promoters had deemed it
as a precautionary measure to file It's cor
poration papers at this time without regard
to the amount of capital so as to insure the
validity Of its title. Another conference Of
all those interested in the corporation took
place at j. Pierpont Morgan's office TODAY.
1t was stated on good authority the So
called terms Of the deal heretofore pub
lished are nothing more than guess work.
The exact terms of the deal,-it was said
have not yet been settled and are not like.