The sun., 1903-11-20
s., REALTY COMPANY SPLITS
CONSERVATIVES IN 1T OBJECT
TO FULLER co. MANAGEMENT.
Messrs. Hyde, Juilliard, Speyer and still
man Demand Radical Changes and
Appeal for Stockh0lders' support
-Disgusted with Parks Revelations.

The dissatisfaction which has existed
for long time among the more conserva-
tive interests connected with the United
States Realty and Construction Company
on account Of the management of its con-
struction department, the Fuller company,
eliminated yesterday in an appeal to all
stockholders to cooperate with these in
terests to effect an entire change in that
management. The apparent friendship of
the management of the Fuller company
toward Sam Parks, the convicted walk
ing delegate, as brought out in Parks's
trial, was particularly dttasteful to a
number of the directors and led largely to
the present action.
James H. Hyde, A. d. Juilliard F. p
Olcott, James Speyer and James Stillman,
the most prominent interests in the realty
company, have issued, as a stockholders
committee, circular to all stockholders,
asking them to cooperate in making "radi-
cal changes IN the administ ration Of the
company, and especially in its construction
department. by depositing certificates of
stock with the Equitable Trust Company Of
rs Nassau street on or before Dec. Is.
When James H. Hyde Of the Equitable
Life Assurance Society and Charles II.
Tweed Of Speyer & Co. became members
Of the executive committee Of the Realty
Corporation, some months ago, 1t was ex-
peeled in Wall Street that changes in the
company's policy would result. 1t was
generally understood that members OF
the old New York Realty Company, which
included James Speyer, Bradish johnson,
Robert Downing and others, were not in
complete harmony with the Fuller COM
pany's policy.
The revelations in the Parks trial, which
apparently brought out the fact that Parks
frequented the Office of Judge 8. ?. MoCon-
| pany, and that that company had cashed
one OF the checks obtained by Parks through
alleged extortion, stirred further the wrath
of the prominent financiers connected
secret that the part OF the committees
| circular which speaks OF radical changes
in the administration, especially in the
| construction department" (the Fuller com.
| pany) is directed at Judge Mcconnell and
Harry s. Black, originally Of the Fuller
| company and now chairman of the board.
The widespread comment on the evil
dence adduced at the trial of Parks is un-
doubtedly referred to by the committee
when it speaks in the circular OF securing
for the company "the confidence of the
communities in which its business is to lie
transacted"
Other causes of dissatisfaction lie in the
failure of the underwriting syndicate to
HHTkeU INC company > otOchS
much of the stock and very little cash being
returned to the syndicate members, and
the passing of the last dividend on the
preferred stock Within year The pre-
ferred stock has dropped from 10 to IS
and the common from rs to s.
Both stocks were strong yesterday,
apparently in anticipat ion of the good
results to follow the action Of the COM
mittee. The preferred advanced l point
1t was recalled yesterday that the Fuller
company, in addition to its troubles with
the labor unions here, one OF which. the
strike of the bricklayers, has at last been
claims for work done. There is dispute
over the Macy building, by which $500 900
or so is held up, and similar disputes with
Henry c. Frick and the trustees of the
Union Club building. In the Frick case,
year, a building worth 50 500 900 was
put up for Mr.. Frick in Pittsburg. Mr..
Frick disputes claim for more than $780,
600, asserting that the work is not accord
600 is proper sum. The dispute about
the Union Club building is over an out
standing claim of $4,000.
The Fuller company has engaged largely
in speculative building for some years, one
of the largest of the buildings erected for
the company being the Flatiron building,
where the company occupies floor as
offices.
Judge Mcconnell said yesterday to Sun
reporter that the company was not worry
ing over the suits. The construction de-
partment would go along, taking such con-
tracts as were safe. The company was
ready for any safe contracts
In tho Frick case, he said, Mr. Frick
asserted that the granite work was not
up to the specfcat io MS About the $50 900
held up on the Union Club building there
was misunderstanding,
THAT case has not reached the courts,
and will be settled without reaching them"
Mr. Mcdonnell said
The bricklayers, who were. on strike
against the company returned to work
yesterday morning The only strike the
concern now has is on the Rogers Building
at Fourteenth street and Sixth avenue,
where there is strike Of all the unions on
the Board of Building Trades in sympathy
with the stonecutteT.
The striking bricklayers receive about
4l2 900 for waiting time" In settling their
strike.
RI DEAD IN ILLINOIS WRECK.