The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-07
fHB CARNEGIE COMPANY
List of the Properties Owned by
the Corporation.
Twelve Concerns Within Its Control.
Organized March -, 1900, With
100000, 900 Bonds and $780,
100000 stock. the Par Value BE-
ing SI.G0O-The Deal With Morgan.

PITTSBURG. Feb. 7,-Omcials of the
Carnegie Company are in communication
with New York trying to learn something
regarding the sale of Andrew Carnegie
interests to J. P Morgan. H. c Frick and
others.
With the exception Of Mr.. Prick there
vas no one about the Carnegie building who
knew anything of the deal. It was con-
ceded that Mr.. Frick is in the reorganiza-
ticn and that he will be active managing
executive of the new combination He
said he knows nothing about the deal
The Carnegie Company was organized
on March "a 1890. The authorized capital
stock is $3.50, coo coo bonds and S160 600, 600
stock, the par value of the shares being
81 600 OF the capital stock 1856, 500 600
has been issued The remaining So. 100000
was held in the treasury to be given TO
deserving employees taken in as partners
The bond Indebtedness is: Collateral
trust. 5 per cent 1O0-year gold bonds.
dated April ?. 1900. maturing April l. 20o0;
sinking funds, $500 600 per annum after
April. 1905; bonds for sinking fund being
subject TO call at 105 and interest, $780,
000, coo.
Following Is a list Of the properties and
plants owned by the Carnegie Company:
Carnegie Steel Company Edgar Thomson Steel
Works nine blast furnaces. four l5-tOn BeSsemer
steel COnverters, and two rail mills; DUquesne
Steel Works, four blast furnaces BeSseIner
steel plant, open-health steel plant
twelve 5G-ton furnaces two billet mills angle
bar mill. continuous bar mill; Carrie Furnaces,
two COMPLETED blast furnaces: Lucy Furnaces two
completed blast furnaces: Homestead steel Works,
Bessemer plant. forty open-hearJh furnaces four
blooming mills four structural trains, two slab
bins mills. four plate mills. one l3,ct9-ton and
one 10.co0ton press; Howard File Works; Lower
Union Mills: Upper Union Mills.
h c. Frick Coke COmpany-uWns 1900 acres
Of coal lands 5000 acres OF surface lands and
II .C52 coke ovens IN Westmoreland and Fayette
counties: also the production Of Ice" outside
ovens: the FricS Company also owns 2,6e2 stand
ard railroad
Carnegie Natural Gas Cosnpany-Lease 9s 600
acres OF gas TERRITORY in Pennsylvania and West
Virginia. 80 producing wells and 1880 miles OF
main and branch pipe lines
Union Railroad CoInpany-owns $50 miles and
leases 1851 miles Ct track,
Pittsburg -Conneaut Dock Company-Operates
docks on Pittsburg. Bessemer. and Lake Erie at
Conneaut; also owns 1875 per cent Of stock OF
Pennsylvania and Lake Erie Dock Company and
% per cent OF stock OF New York, Pennsylvania
and Ohio Dock Company.
Trotter Water Company Pumping plant on
Youe allegheny River, one and one-haH miles above
COnnellsvIIle: Youghirgeny Northern Railroad
Company line from Bradford TO Summit, Fayette
county. "a miles
Yeughiogheny Water COmpany-Pumping plant
at Bradford.
IIoun1 Pleasant Water Company-Pumping plant
1T Bridgeport. Favette county
Pittsburg. Bessemer and Lake Erie Railroad
Operates 2O2 81 miles Of railroad between Con
nesut tohio), Erie pa, and North BesseTEeF
tPa)
Oliver Iron Mining CoInpany-0~ps Netropoli-
tan Iron and Land Company norris. Aurora, and
Tfden mines Gogebic) $50 per cent Of
stock Of Lake Superior Iron Company (Aount2In
IRON Hesabal. IS per cent OF stock o. Security
ard E,rslor ion
put of mines, 100000 tons
Pirtsburg Steamship COmPany-cwns eleven
steamships and two tugs
Pittsburg Limestone COMPANY Limited -OPeE-
ates quarr:es at Tyrone and Williamsburg, Blair
county, and Wick, Butler county. Pa
The reports from New York about the
amount CT Andrew Carne2ie's holdings are
declared TO be incorrect He has always
held IS per cent of the capital stock OF
the Carnegie concern. OF the S160, GG0s-
o00 capital stock of the-company he holds
sc. 37e shares. the par value of which is
81 GOO per share, or sS6, 379, go. He has
an equal amount in bonds. or $IT2, 75s. 006-
IN all proba bility he will hold the bonds,
which bear per cent interest, and what
was laid for his stock viii probably
never become known About S90,oo0, coo,
ii is thought, bought his stock
When Mr.. Frick and others secured an
option from Mr. Carnegie on his holdings
in the then Carnegie Steel Company. Lin
tied. nearly two years ago, Carnegie's
price was $751;. 1856. 000 There were no
bonds in existence at that time. Allow
ing for present half stock an dhaH bonds
conditions. then the price on the optioned
stock would be SIS, 975 0O0 The amount
paid By Mr. Frick for the option was
$117o 600. This was clear profit 10 Car
negie. The failure Of Frick 10 buy cut
Carnegie al the time, il is COW claimed,
was due TO Carnegie wanting what would
IT. Ia fret mn -fcrne- all
partnership assets. thus gaining pref
erence over all the partners The deal
with Mr. Morgan kills the project TO
erect a $12. O0O. 0O0 tube plant al COnneaut
HarbOr in opposition 10 ]. P. Morgan'6
National Tube Combine.