New-York tribune., 1907-09-12
JUDGE GARY AS HEAD.
1LLIS-CH1IMERS SHIFT.
L. S. Steel Man to Hare Manage
ment of Mil1cdukee Company.
TBv TeI.s-aph 70 The Tribune !


Milwaukee, Sept 11.-Judge z. H. Gary. one
of the prime factors in the United States Steel
Corporation. is to become the managing head OF
the Allis Chalmers Company. It stated TO-
day.
Judge Gary has been connected with the Allis-
Chalmers Company since its formation put
never has taken an active part in its manage
ment. Now he is to take hold of the active
management OF the big company, and or1hs 10
its aid the large financial support he has oach
of him.
W. V. Kelly who became president or the
American Steel Foundry Company. wnen II
stood in need Of rejuvenation, is to be Juuse
Gary's right hand man in his new role
Charles Als Of Milwaukee, one OF the largest
stockholders has rendered his resignation as
chairman OF the executive committee, and E ID
Adams Of New York. has rendered his resleha-
ton as chairman of the finance commtee
Judge Gary will head the directory OF the COM
psny and Mr.. Kelly will become chairman OIL
the executive committee
The change in management VIII enaole TIC
AIlis- Chalmers Company to carry out the ldlee
contracts II has on hand TO capitalize which was
A source Of embarrassment TO the management
The working capital. 1t was stated. was mace
ouate to enable the company successfully 10
carry out its work.
These changes it is said will he officially an
nounced at the annual meeting of the company
on September %.
The AIIis- Chalmers Company was incorporate"
in New Jersey in 1901. and is the largest pr
ducer tf heavy machinery in the United States
It's authorized capital stock is S26.ooV'ouo co"'.
mon of which s1e.s2oooO is outstanding; and
500 600 600 : per cent cumulative preferred OF
which s1s.15oooo has been issued No DIVIDENDS
have heen Maid on the preferred since Feoruary'
1904 In the middle OF August there was sharp p
fall IN the market prices OF It's stocks. which
gave rise to runors that the company was imam
cIaIlv embarrassed. These reports were Pfoi"P'
" denied by leading officials OF the company
and have not been revived since
The officers OF the Alis-Chalmers Company
e-a. = II Garv chairman Of the board: E D.
Adams. chairman OF the finance commi'tee'
Charles Allis. chairman OF the executive com
rnittee; Walter H Whiteside president; L. +
Rover first vice-president: Henry Woodland
second yiCe-president and treasurer; W. NJ
Nicholas. third vice-president and secretary.
Judge Gary said last night that he knew
nothing about tho report that Messrs. Allis and
Adams we're 10 retire from the offices now held
nv them IN the company. Asked about the
statement in the dispatch that w " Kelly
was 10 leave the presidency OF the American
Steel Foundry Company 20 become president OF
the Allis-Chaluers Company, Judge Gary an
swered that he was not prepared TO talk about
that He added that he himself had been chair
man Of the board for about two years having
been elected 10 succeed William W Allis. but
that his part in the executive management had
been a nominal one
The Judge denied that any connection existed
between the United States Steel Corporation.
in which he holds the Office Of chairman Of the
board and chairman OF the finance committee.
and the AlIis- Chalmers Company.