New-York tribune., 1902-01-08
THE FLlNTS SELL CONTROL,
FORMER MINORITY INTERESTS DOAlI-
NATE FLINT. EDDY AND AMERI-
CAN TRADING COMPANY.
TIoNAL WORKING CAPITAL-C. R. FLINT
STILL A LARGE STOCKHOLDER-

STILL a LARGE STOCKHOLDERS
The published statement by Trenor L. Park,
| that he and his friends had recently acquired
the control of the Flint, Eddy and American
! Trading Company, excited much interest yes
terday in Wall Street. It announced a
week or so ago that certain new interests had
entered the company, but IL was not at that
time generally understood that the transaction
was connected with the transfer of control from
Charles R. Flint and his associates to Mr.. Park
and his friends who controlled the American
Trading Company when 1t was consolidated with
the corporation of Flint. Eddy & Co Mr. Flint.
although he has parted with some of his stock
in the Flint, Eddy and American Trading Com
pany, is still large stockholder. Mr. Park and
his associates in addition to purchasing block
of the Flint partys holdings. have bought all
the treasury stock. thus adding several hundred
thousand dollars to the working capital of the
corporation. the operations OF which world
wide.
Flint & Co.. were in the beginning shipbuild
ers and shipowners. operating line of clipper
ships IN the South American trade. A general
import and export trade which included the
importation of rubber. was gradually estab-
lshed in connection with the shipping business.
and about ten years ago the export business was
organized as a separate department In 1895
this branch was consolidated with the we'll
known house Of Coombs, Crosby & Eddy under
the style Of Flint. Eddy & Co. In July, 1900
the corporation OF Flint, Eddy & Co., then capi
talized at S3,5O0.OO0, and the American Trading
Company, with capital of S250O00 We're con-
sodated into the Flint, Eddy and American
Trading Company. having 100000 per cent
cumulative preferred stock and 81, 100000 COM
mon stock. At that time the statement was
made that 1.-The business of the American Trad
ing Company bears the same relation to China
Japan and the Far Fast does the business of
Flint, Eddy & Co. to the business of Central
and South America. Australia, Africa and the
Philippines"
The officers and directors of Flint, Eddy & Co.
We're Ulysses D. Eddy, president; Thomas A
Eddy, vice-presdent: Wallace B. Flint, secre-
tary; Henry F. Crosby, treasurer; Charles r.
Flint, William j. Coombs, Alfred de Buys,
George L. Duval and William II. Stevens The
officers and directors of the American Trading
Company were James r. Morse, president; Will
lam H. Stevens Zone of the directors of Flint
Eddy & Coz treasurer; Frederick B. Jennings
and Trenor L. Park. The Flint, Eddy ana
American Trading Company organized oy
the election of Ulysses D. Eddy president;
Messrs. Morse. de Buys, Duval and t. A. Eddy
vice. presidents: w. II. Stevens. treasurer. and
these six men, with Wallace B. Flint, c. r.
Flint W. NJ WINS and Messrs Park and Jen-
nings, as directors. Although Flint, Eddy q
Co. was identified in the public mind most
prominently with Charles r. Flint, it is said
that as matter OF fact Mr.. Flint had not for
several years taken any active interest in the
management Of that corporate