New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-10-10
SEARCHING FOR SCHWAB.
Mr.. UN7ERMYER'S PLANS.
Wants Perkins and Pam, Too-Tert
of STOCK Selling Agreement.

fective committee. 70 o btain the attendance OF
&c, tain witnesses is sui,cyssful. The most i'm
nor tant rs these witne Tsas is Charles NJ. Schwah
the ex-presiderr OF the E-nIted States Steel Cor
rora = on. who =obd the Bathlehepl Steel Com
many 10 the I-rrssi4d States Shipbuilding Com
many. aror over two weeks Mr.. Cntermyer
messenger have hunted for Mr.. Schwab. calling
frequently at his office. AZ No. al Broadway
where caIe,s for ny schyVab told that little
IS known Of his present address 1t was re-
rorted Yesterday that Mr.. Schwa5 was In the
AdiroEdacks. where his wifi is said 10 be H.
According TO dispatches A. rom Pittshurg, MI.
Schwab was last heard fEEs1 ID LoIeO'O' anu -
thought TO be there yet.
II is understood that sal poena is also to be
served On George w. PerlSan :. II J. p. Morgan
e. Co. and it was reported yesterday that MI
Morgan might be subpenAs although as lar
.s oo,,l5 no learned she latter Tumor was ncor-
rect. Mr.. Perkins said yesterd ay afternoon; II
ANYBODY has subpoena for me viii not run
away from IT, Nobody has tried 10 serve me
with yet
A subpoena TO appear at next Tuesdays near
sng vas SERVED on Thursday il was learned
.z.,- an NFsx Pam Mr. Schwab's coun-
sci.
WHOM Mr. Tnter77yer waS Informed That
marty Of officers and directors Of the United
states Steel Corporation inciuPSinS Mr.. Perkins
were 10 leave the ci1y on sunday night on
tour-of inspection. he seemed 70 be much inter-
ested. and took a note OF the fact This is
very convenient time so go out of town. ne
said. I wonder if Mr.. Schwab viii 60 too
Never mind though. W. have lots o Things 10
keep us busy for weeks
Henry wollman Of counsel for the complain
ants in the pending action. yesterday made pub
lie the agreement between the Trust Company
OF the Republic Nessrs Dresser and Nixon,
Charles ". Schwab and Harris, Gates & Co.
under which the parties Of the first part-the
trust company and Messrs. Nixon and Dresser
guaranteed that none Of the Shipbuilding stock
EXCEPT a few thousand shares should be sold
until after the $4,000 shares each Of common
and preferred stock to be delivered TO J. 2.
Morgan & Co. and the $4,000 shares Of each
class 70 be delivered to Mr.. Sohwab should have
been marketed. and Harris. Gates & Co. agreed
that they would sell and dispose of the Morgan
and Schwab holdings in advance Of any sale
or disposition of any other stocks OF the United
States Shipbuilding Company. This agreement.
which bears date August IL 1902. the day on
which the Bethlehem Steel Company was sold
TO Messrs. Nixon and Dresser by J. P. Morgan
& Co, as syndicate managers, is as follows:
This agreement made and entered into this nth
Gay OF aug Us 81 81, ny aDo oSuTeeR me lTCsL
and Lewis nixon. parties Of the first part; Charles
Gates & Co parties Of the third part witnesseth:
Whereas. The parties OF the first part are about
Company 2e0oeO shares Of its preferred stock, and
250Ooe shares of its common stock Of which 25eel
the common stock are 70 be delivered to J. P. Nor
and 5000 shares of the common stock to be
stocks having been issued to said Dresser and
nixon IN 2a1 ST. {e S2ie ana I5@nsfeF
100000 shares OF the capital stock Of the Bethlehem
whereas OF the remaining 100 90 shares Of the
preferred stock and $4,000 shares OF said common
not TO exceed 15oco shares Of the preferred stock
,resel'fly fi-tTi,,te7 among me various vendors
o. property acquired by said shipbuilding com
are 10 he retained nv fbe said raTfies II The rsf
part for term not less than one year: and
Whereas one OF the considerations and induce
the stock Of the Bethlehem Steel Company. and
The funds 70 pay for the same. that said 25co0
shares Of the preferred stock and said $500 shares
OF the common stock delivered 10 J. 2. Morgan
snS common ' soC 5lt7 SItc STOCK
the preferred stock and l5@t shares Of the com
Tvisel issued bv The ehpfu5inr coronar1y sbo,,i5
h. jr INV su-.,-, yt.+-5l,-,.aS - $3.50 -'e
Whereas, said parties Of the third part have been
employed 20 manage the marketing, sale and dis
position Of The Breferred stock and common stock
o. the nItec states Silpbliding Company. and
the party ~ the second part. when sold shall be
and said parties Of the third part are familiar with
the conditions and agreements for the prior sale
the second nari and far greco r IN 80 30 pa OF
rneut Of the marketing and Sale Of said stocks 70
hrSt sell and dispose Of said stock so delivered TO
sala J. = Morgan q Co, and to said second party.
Now. therefore. it is agreed between the parties
First-Said parties Of the first part hereby agree
and common stock Of tie United states s6ipb1 1
ING company. excepting 50 much only Of said
Of The common stock which IS now to be dis
trlbuted among said vendors. shall be distributed
shares Of the preferred stock and the Is 600 shares
OF the common stock 70 be delivered 10 J. p Nor
stock and 5000 shares OF the common stock 10 De
covered REQ 10 ne party Of The second part shall
Second-Said parties OF the first part hereby agree
that al the SAID remaining shares Of the preferred
stock and the shares OF the common stock OF said
IL states shlp5UIcing Company shall be
nc Republic as trustee, 10 be held by Il. and not
stocks 70 be delivered 10 said J P Morgan a Co
ara 70 said party Of the second part shall have
rhre-said parties Of the third part agree that in
- - aDout nc marketing and disposition and sale
United States Shipbulding Company and in and
and 5isos 80 81, ineIt thereof they VIII first sell
= 20 STOCK and 1900 shares 81 said common stock
$3.50 shares Of The said preferred stock and $500
- ~ "a II salq common stock be delivered
po 20 any sale or disposition Of any other stocks
sbatr arf,rt ,eeG 9talss shpbullcng Company. and
Alsls slLoI Is ~ ana about the management and
marketing Of said stocks shall be exerted as eToe
and dispose Of ssd 1res eSo6siy as possible to sell
mon stock so deveres -, SO STOCK and said com
Hno 70 sale party a the second part within ad for
the prices sno The values next hereinafter states
said parties Of the third part Tns aFt agrees that
ferred stock and common stock of the f-p55,e1
30 him and J. J. Morgan q Co al S,b iIEtsreo
a. WI. le, m 10 e - =, Morgan & Co. re-
stock and IS per share for each share Of he o
nartv nav from tine 70 trne consent -, second
therefor But sad pa tles q the third part snail