Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1901-04-08

AuS tram the Otner Gay, ana saved hel
lie at the peril Of his own. In pulling
her to a place of safety Muller tore he,
skirt from the waistband and damaged
the garment almost beyond repair. The
next day he was summoned to the Ter
minal, where he was asked to pay for
the skirt. His explanation of the affair
settled the claim
A SIGNIFICANT SECTION.
Charter of Great steel Company
| Gives Great Latitude To Directors.
/ New York, April S.-The New York
stock exchange has been requested
to list the preferred and COM
mon shares of the new United States
Steel Corporation. S550,00O,0Oo of each.
The application may be acted upon at a
special meeting of the governors, as the
regular meeting vii not take place at
once.
Charles Steel said that de-
Iliveries of the stock have already begun
and that While no date had been get for
the reorganization of the company, it
would be arranged without delay
a significant section of this immense
new company's charter was discussed in
Wall street. This section has been Curl
ousy omitted from previous published
texts 1t permits the directors of the
company to make any radical changes
such az charter amendments, increase
or decrease of capital stock tlissolution
merger or consolidation with another
company on the consent of two-thirds
OF the stock of each class which may be
represented at a meeting in person or
by proxy. This Will be far reaching in
its effect. for previously two-thirds Of
all outstanding stock was necessary to
effect such changes in other words
tour shares of stock voting in favor of
radical change at a meeting where
only six shares We're represented would
be effective.
In respect to the present company. the
possibility Of such action by handful
of Interested persons has two-fold sig
nificanee In the first p,ace, on the au-
fhorlty of lawyers who have studied
the charter ii centfalizes centro. of a
pil'i0r dollar concern in he hands of It's
directors and possibly in the hands of a
fen OF its directors aud, secondly. the
articles of Incorporation We're thus
amended. it WAS said. after and MT be-
fore Stcckholde.s III the constituent
Hecnipaniss had agreed 70 the syndicate's
terms of merger. thereby abandoning
control! In other words. they deposited
their stock apparently without know
ledge II the amendment 10 the articles
of Incorporation which was vital 10 the
interests II representative vote was 10
control
The law wi:s' anf,roved blythe COVER
nor q New jersey ON March % last.
During ts course ir the legislature ii
ped general attention. II Went thru
In hurry and Will no doubt be the
baair Of interesting appeals 10 the
courts = connection With actions by
stockholders TO tes, its cons,itutionali-
~.
Evety Where Yesterday the venture
was referred ~ as n one-inan power. z
NOR. or less dependent upon Mir. Nor
gains liking 70 insure smooth sailing.
The most Nporiant railroad interests
are represented by j. Pierpont Morgan.
He IS tbs controlling influence In tho
Goa roads, Sitll which the steei trust
MIL have a great dsdi to do I'M matters
of transportation. Standard Oil inter-
etss are strongly represented John ID.
Rockefeller, Jonn D. Rockefeller. Jr..
and Henry r Rogers. These Interests
are identical With thosesof the Lake SUI
rerior Consolidated Iron Mines. which
s.,.,,a,,; las los'grea ana
'''hii - rock
.,,,,,,,, - Z, ,.'isi directors OF the
,,,,s = l.oesfs is d
m ~, .i'..'l.'s'' 'l'sl'ii''tses
etion on the board Of directors In Will-
~ 49, ,.'sa - y. tsela. Inc
go, ala 'asi.'lllsa WIN the american
So, go, 2sssi'aiS' sne <a'neficah
~, 49,, .ia.,ss Wy American
(. 40, a'u 'lle -saeiohal
10 ,y,,,,a Z, =, at' y men eofrpa
- slooie = alrec,or.
~, ~ "''asiouea ny me
,prear s rs,,re .n' ,s ss - NJ ~ nor
: . o. 1he Amer
COMPANY X. IS represented, however, by p
iliaae.i''ila Alfred