The Birmingham age-herald., 1907-02-04
Oliver COnfers in New York With Other Contractors and
 FinanCiGrS
CHAS, + ACKERT ID LOOK
 AFTER TRANSPORTATION
R. A. Chester with R, A. c. Smith, New York Traction Magnate, is to Finance Corporation if Knox
 vile Man Gets Contract.

New York February 3.-William J. Oll- yer of Knoxville, the lowest bidder for the construction work on the Panama canal, had a conference here tonight with the other contractors, who will, it is under stood, be associated with him, in the event that his bid is accepted. The pur- pose of the conference, it was said, was to discuss the formation of corporation which would be prepared to undertake the wcrk on the isthmus.
 Those present in addition to MT. Oliver were John NJ. Mcdonald and John Peirce Of this city. George Peirce of Maine, T. Walsh of the Walsh Contracting com pany of Davenport, Iowa; P. T. Brennan of the Brennan Constructing company of Washington: Robert Russell of New York, who has been associated with MT. Oliver in many enterprises; W. H. Sayre O. the International Contracting company of New York; Charles H. Ackert, third vice president of the Southern railway; R. c. Chester of the National Bank of Commerce, Washington, and R. A. C Smith of this city.
 MT. Oliver declined to make public the outcome of tonight's meeting, but said that something might be made public in few days.
 Announce Plans.
 A representative of Mir Oliver subse- quently announced some plans that have been agreed upon, in addition to those al- ready made known. MT. Mcdonald will if the corporation to be formed is award ed the contract. have general supervision O. the construction work.
 George Peirce and John Peirce, who have interests in the largest quarries in this country, will have charge of the mason work, and Mir. Walsh will have supervision over the work of excavation. MT. Brennan will have portions of the construction work to do. Robert Russell will be, 1t is said, in charge of this work.
 Vice President Ackert, of the Southern railway, will look after and have general charge of all transportation to the canal, not only of men employed, but of the machinery used
 R. A. C. Smith and Mir. Chester each will have charge of the financial end of the corporation. Mir. Smith Is a director of the Metropolitan Street Railway com pany and also director and officer in many other banks and corporations.
 It was said this evening that the con- tractors in the company would associate with themselves such other contractors as might seem necessary from time to time. Among others consulted tonight by the contractors named were P. +. Me Carthy, who Is associated with Mr. Walsh in the latters constructing com- pany George o. Tenny, an expert on con- crete work of Spartanburg s. C.. L. C. Gunter, who has been associated with MT. Oliver in previous enterprises, and Geo. F. Parker, representative of the Title Guaranty and Surety company of Scran- ton, Pa. The latter has arranged for the g., ,000,0 COG bond
 Draw Papers Today.
 The final papers for incorporation. it was said. will be drawn up tomorrow. MT. Oliver has until next Wednesday to comply with the requirements of the government: first, that he should asso- ciate with him at least two other expe- rienced contractors, and second, that he should incorporate a company with a cap ital stock of $5,000000, but 1t is under stood the government will be notified to- morrow of the incorporation of the com pany and it's personnel.
 Theo P. Shonts. former chairman of the Panama canal commission, when seen at the Waldorf Astoria. said he had nothing to do with the new construc- tion company, and would not be inter eSted in it in any way.