New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-09-30
ALLIANCE Not N COMBINATION
NO LONGER PART OF THE UNITED
STATES REALTY AND CONSTRJC-
TON COMPANY.

Announcement was made hv advertisement yes
terday that the Alliance Realty Company is no
longer part Of the United States Realty and
Construction Company. Another advertisement
called upon stockholders in the Alliance company
to deposit their stock for the purpose of acting
in unison The following official statement was
made last night by the committee Of the United
States Realty and Construction Company.
Ha6rv Mo2ganfhau. Fl 8 Biack Albert Flake and
r. +. Downing. having IL charge the formation #
pany. have concluded to avail themselves Of their
privilege to abandon the absorption OF ne AID
stockholders. who can withdraw their deposited
York This Will reduce the amount OF preferred
stock TO $500, and the common stock TO be
United States Realty and Construction Company
$4,000 Of ,d ne PREF fb 81 ash %aga a
in or September % 1902. by the syndicate and the
and the Network Realty Corporation.
W T Rosen Of Ladenburg, Thalm & Co.
F : Smithers. of F. s. Smithers & Co. and
George L. Peabody. of Lee Higginson & Co. yes
terday issued advertisement calling upon stock
holders in the Alliance company to deposit their
stock with The Atlantic Trust Company. for the
purpose of acting in harmony and taking immed-
action with them committee Mr.. Rosen
said last night that the committee had already
ma iorty OF the stock but wanted all stockholders
represented. The course OF action to be pursued
either in fighting the United States company or
in negotiating with it, he would not discuss.
The Alliance Realty Company is the chief owner
of the Broad Exchange Building. OF the %2o6l00a
capital stock of the building, the Alliance holds
s1.Ioocoo and the George A. Fuller Company $500
900
There was an informal meeting Yesterday after
noon at the office of the Central Realty Bond and
Trust Company of Henry Morgenthau president
of the Central Realty Bond and Trust Company;
Albert Fla Ike. vce-president Of the New-York
Realty CORPORATE II s. Black, president Of tn.
George a. Fuller Company and Frederick Middle
brook II was said yesterday that the stock Of
ne Company ed with
the Central Trust Company, as under the printed
agreement made between the deposting stockhoId
and Messrs- James Stillman. Henry Morgen-
thau, Albert Flake. Robert f Downing and II :
Black The number of the Alliance shares do
posted under this agreement 1928 out Of a to
vision made ny which the stockholders could FER
inmate the agreement withdraw the stock
There was provision however. enabling Mr.
Stillman and the other members of the committee
before they directed the exchange Of stock 70
abandon this agreement
out Of 5000 shares of the Network Realty Cor,
poration. $500 shares have been deposited Cf
the 600 shares. common. Of the George 4 Fuller
Company . 400 shares sent md tba
5000 preferred shares 1890 deposited with
the Central Trust Company As to what win he
done with the shares the Alliance stool hoIderz
would have got in exchange for their own shares
it has been decided to place them in the treasurL,
Of the United States Realty and CONSTRUCTION
Company
Frederick Southack. president of the Alliance
Realty Company, was in his office. No III Broad
way. yesterday afternoon. bur declined to see anv
newspaper men. '