The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-07-19
NEW YORK MEN PLAN
VASE REALTY COMPANY
Will Be Capitalized at $780,
100000, at Least.
MANY CONCERNS TO COMBINE
George i. RULER Construction Company
With Capital o. sao.ooo,ooo 10 Be NJ
cleus-VandeTb..t, Morgan, and Other
Great Financial Interests in Deal.

NEW YORK, July 1g.-TLe greatest
realty company ever seen. with = capital
% $50. oo9. 90e, IS 2ow Seing planned b.
New York zeal esra;e and financial men.
The New York Realty Corporation, the
Central Realty Bod anE Trust Company
and tbs George 4 Fullec Construction
Company, threa of the leading companies
a. tnsis k!sd in the country, AID num-
Der o. o;her veil known real estate and
CONSTRUCTION companies. VII, according
&c tEe 2-ese2. plan, 5aIa TIE corporation
IN TIE la; Sc years real estate
operations. N New York especially, have
assumed = stUpendous character. To &c
more explicit, tie sums involved in the
principal deals 81 any week c. Month
have rise. fron the thousands into the
millions, The small Office buildings
costing sevsTaI hundred thousand dol
lars hare been suPplanted, as q result
Of the growth of the real estate market,
By skyscraPers walked at many millions
o. dollars, and most OF these vast i'm
companies
Undoubtedly enc 81 the greatest fac
tors in bringing about these changes
has been the rcalt= companies. and
the majority Of II real estate experts
think that the time has come for the
creation % a real estate company ~ith
6 capital OF at least $50, Gee. GOO
No Agreement Yet Signed.
No company has get signed an agree
ment to become a part of the proposed
corporation Tho mater has been dis
cussed only at an informal meeting OF
come Of The persons principally inter
ssted in the success Of the project. Il
is not likely that the corporation viii
be formed before another month has
passed, and the organization may not
take place until about the middle of
September.
Il may be that the new. corporation
will comprise the New York Realty
Corporation, the Central Realty Bond
and Trust Company, and the George i.
Fuller Construction Company, and no
DJher companies If the corporation is
organized. those companies viii GER
taiply form part Of it.
L was learned yesterday from one OF
the originators Of he project that the
president Of the proposed company
would not be a real estate man, bat
nan prominent IN financial circles Il
is said that one or two representatives
Of J. Pierpont Morgan are likely TO be
stockholders.
The Fuller Company.
The George 4. Fuller Construction
Company was incorporated under the
laws OF New Jersey on April I. 1901,
and succeeded the George A. Fuller
Company. Of Illinois. It was capitalized
with $4,000, 900. s.. GOO coo preferred
and SIS. 00o, 900 common Harry 8 Black
IL the president; Richard c. Babbage,
secretary, and Byron n Fellows, treas
uTer- The directors are James Still
man. Hugh J. Grant, Henry MOrgen-
THAI. Harry s. Black. S. P. Mcconnell.
and ThOrwald StallBecht
The Central Realty, Bond and Trust
Company Is capitalized at 81, 000, 600.
Henry Morgenthau IS president; Ernest
Ehrmann, secretary, and Judson " 3.
Mills, treasurer. James Stillman and
Hugh J. Grant are directors also OF TINS
company, and souls Of the other diTeC-
tors are &nthony y Brady, John D
CrimEnins, and Hecry o. Havemeyer. Il
Is said that Charles NJ Schwab, presi-
dent Of the United States Steel Cor
poratiou, j. a large stockhoIder Of the
company
The New York Realty Corporation was
Incorporated with capital OF 50, 600, 600.
Bradish Johnson is president, Robert E.
Bowling and Albert Flake are vice presi-
dents and active managers and Morris
3. Mead is secretary Among its direc-
tors are Cornelius vanderbilt James
Speyer. Charles H Tweed, James Il
Hyde. and Charles Steele