New-York tribune., 1902-12-31

formed Union Steel Company had been consolf-
dated under the style of the latter. with S10.-
600 900 capital. which was to be increased to
600; this news being speedily followed
by the announcement that this company Wh1cn
from the location of its plant would be 1or-
midabe rival of the United States Steel Cor
poration. had been acquired by the latter, Whlch
would issue in payment S4aOOOOOo new bohds
The largest independent steel concern in the
United States is also in the Pittshurg district
the Jones & Laughlins Company. Whlcn las last
summer increased its capital stock from ~
900 600 to 500 600 600; and another avoWed RI
val which it may by and by be eXpedient 10
absorb is the LackaWanna steel COMPANY
which formerly located at Scranton, Penn, mas
lust completed and brought into operation at
Buffalo a great new manufacturing plant
equipped with the most modern appliances ana
which has increased it's capital stock from go
000,0 600 to $+0OOO,NOO.
Not only however, does the United States
Steel Corporation turn out Ia ger quantllS oi
finished products than all its competitors 10
gether but its controlling interests also plan
to have q continuing demand from several lil-
portant sources. The recent great acuNlIy III
huilding has caused the enlargement or old
construction companies and the Iormatioh Oh
new ones several of these companies ANdnS AdninS
last summer been consolidated into the 500
0OO O00 United States Realty and CONSTRUCTION
COMPANY The erection of steel structures 10
the principal part of the business OF tnls ols
company, and Charles NJ SchWao. pIeslueIlt VI
the United States Steel Corporation, is a mem
her of its executive committee Inc AlllS-e IaI- n
mers Company incorporated STdi ~
Mav with $50 250000 capital stock, is con-
solidstion of several machinery making col-
Germs and Ebert H Gary, chalrndll ol .hI
executive committee of the Cnteo StacSS afrec
CORPORATION is chairman or us podlo VI ulLe et
tors The S40000,000 combination OF s.eel c"eI ~
ing compan:es organized last June as the I+ AlieI
icen Steel Foundries has as It's plesluehc
Ia,,b Z Schwab brother of the president or
the United States Steel Corporation Inc @ @p-o'
600 600 combination of maleapie IRON Collo , 10
comnIeted the other day, to give anotner eH-
f was formed by interests prominently
identified with the United States steel corpora
ion The Chicago Pneumatic Tool C0mpahy'
orsan nized about year ago, IS ?t'ooo'oOo -. 80
aS;5a+ion of American and English properues'
On its executive committee are Charles NJ
Schwab and Max Pam. OF the oilleu Ssa.e0 St!
bniIding Company, Incorporated last June win
500 600 900 capital stock, as como -, %
eight shipbuilding companies supseq tiS ~
over the Bethlehem Steel COMPANY Will n, s. ,d
49,, purchased year previously by Presloent
Scbwah of the United States Steel corporation;
Until the forna ton OF the ~ GhlS@I 5I@ev stood
fvornorati the Standard on Company sIoou
Haeeyninent in the public mind as the leadlng
ttrust" !" Much has been written apout TINS
rraa+ and conspicuously aggressive ana sue
easef,,l corporation. It's starting point was III
conartnership formed by John d. hocheIeiel %
and his associates in CleveIdhu SUN In sI6
discovery of petroleum in pennsylvania. III Ioao
the frn was converted into corporat1on' the
STANDARD Oil Company, of Cleveland having
81 400 600 capital. This capital was soon III
corsose6 and similar companies were chartered IN
other States the control of all passing III 100
to the old Standard Oil Trust, the nrsl OF tt the
ac+uaI Industrial trusts. A few years later the
Courts of Ohio decided that the STANDARD OH
Trust was illegal, and placed II IN nQuldatloll. Q
mr. trust had issued certificates, in exchange
for the stock of It's controlled companies, to the
amount of S97 600 The liquidatlns trustees
gradually exchanged these certlncates 1or new
certi6cates giving the holders full rights IN the
ownership of the subsidiary companies. In 1899,
the LIQUIDATION of the trust having oeen V1rtu-
eIIy comnIeted the Standard Oil Company of
New-Jersey, one Of the subsidiary concerns, in
creased its capital from S10,OOO.0O0 to S110.-
100000 of which S10,o0oo0o since cancelled,
was 6 per cent preferred stock. This company
thus became the parent company. exchanging
its stock it is understood, dollar for ooilar Tor
the shares of the other Standard OIL concerns,