New-York tribune., 1902-08-01
FULL DETAILS GIVEN OUT.
G. NJ. sCHwAR ONE OF UNDERWRITERS
AND DIRECTORS OF REALTY
SYNDICATE.

Most of the principal details regarding the Or
ganization of the 100000 real estate and
tion company which is TO be known as the oii'ou
States Realty and Construction Company were OF
acialIv announced Yesterday at meeting ar which
II s Black president OF the George A Fuller
Company: Henry Morgenthau. president OF the
Central Realty Bond and Trust Company; Albert
Flake and Robert E. Dowling. active managers ana
rice-presidens respectively Of the New-fork f>eol9
C.orporstion and Ernest Ehrmann, secretary. ana
w Judson B. Mills. treasurer. Of the Central realty
Bond and Trust Company, were present the meet
ing was an informal one. to make PUBIC some Vi
the most interesting facts concerning the roFlid
ton of the great realty and construction company
yet to be incorporated.
The capital stock has been underWrltten oE d
syndicate comprising James Stillman. president OF
the Natnoial City Bank: Charles NJ. Schwao' preSi-
dent of the United States Steel Corporation; Albert
Flake Robert E DoN,ling, II. s. Black. Henry Nor
genthau the Mutual Life Insurance Company. the
Equitable Life Assurance Society. the Central Trust
Company and other banking interests
This syndicate has set aside 100000 in preferred
stock and an equal amount in common to be eN-
changed for the stock of the three companies ana
the realty holdings of the Central Realty Bond ana
Trust Company which will be absorbed The re-
naming sll 600 will be paid by the syndicate IN
cash in return for preferred stock and an equal
amount of common The basis for the exchange OF
stock will be follows:
The George A. Fuller Company for every one
hundred shares of its preferred stock will receive lIe
shares of the new preferred ana nIlE, sIIai
new common. For every one hundred shares OF It's
common stock 1t will get forty-rVe snares OF ne"
preferred and seventy-f1ye Of new common
The Alliance Realty Company VIII receive Iot
every one hundred shares l29 shares or ne" pre-
ferred and 10 of new common. The real estate
holdings of the Central Realty Bond and trust
Company will acquired by the new corporation
bv the payrnent of preferred and common STOCK
TSe for thsT 7s RT Which h' tbe Realty
noration will be acquired will he made public ater
For meste INN te wD6g s caa sa RsE
been received for Underwriting more than t be
1 made in a few days The Board OF Dlrect0rs OF
| the new corporation will comprise James Su!nah
Charles NJ Schwab. James H Hyde of the Equit-
| Flake Robert E. Bowling. H MoTganthau and
| Hugh J. Grant of the Central Realty Bqnd ana
Trust Company; James Speyer, BradIsh Johnson, on
William II. Mcintyre, fourth vice-president OF tne
Tweed John J. Mitchell, Charles Steele A: d: JUL
lizard and g. G. Haven of the Mutual LIE 6nsur-
ance Company. Henry Bulge of ftallgarten q O.
| George G Clark. c F. Adams. ID and Henry J.
| A abody B. Aymar Sands and S. P. Mcconnell
of George A. Fuller Company
| 1t was also announced yesterday that the Unlted
| States Realty and Construction Company Would
| of the LAWYERS Title Insurance Company The
capital stock of the Lawyers Title Insurance Com
pany increased s150000o Its capital at pres
ent is 81 Oe0GG9 and its surplus sl50oooo The new
| stock will be sold at $500 a share.
The Executive Committee of the United Sta tes
Realty and Construction Company Will be James
StiInian. Charles NJ. Schwab. II. S. Black. Albert
Flake Robert E. Downing II. Morsenthau and eX-
| Mayor Hugh J. Grant
The George A Fuller company was incoT ated
under the laws of NewJersey on April !, 1901. and
succeeded the George A. Fuller Construction Com
pany OF Illinois