New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-05-30

interests in the latter concern that sny
such trar saction would be consummated
In May. lss'. II was absorbed by the Amer
lean TOBACCO Company. which issued sl2.-
500 O0o Of its common stool, In exchange for
the Union company's ,2lOO 900 stock
The Consolidated Tobacco Coupanv was
Incorporated In New Jersey IN June. 1901
With go 10000 capital stock later increased
to tp"~""' by the interests controlling
the American and Continental companies
| Designed as security holding company. n
issued in exchange for the common stock
Of the other two companies its own per
cent hfty-year bonds and the offer was
accepted by the holders Of all except a
trifing amount OF the common stock ~
each OF these two companies
The present American Tobacco Company
was incorporated on October 10 lao4. al
Trenton as q merger OF the old American
| TOBACCO company. the Continental To
bacco Company and the Consolidated To-
/ bscco COMPANY The merger vas not ac-
complished without much Litigation. the
| first suit seeking TO prevent II. being
brought by Julius Ickelheinler and three
other compleinants. and George A Beling
and Richard Dana brinstng actions
later 10 set aside III. arrangement The
capitalization If the present American To-
bacco Company consists Of 10000 coo au-
| thorized common stock on the outst andin &
$40 2i2. 400 of which 10 per cent DIVIDENDS
were paid IN 1910, $50 900 per cent Gu
mulstive preferred stock. without voting
power. Of which s7Sss9 100 Is outstanding
SSar 800 forty-year Der cent gold bonds
| and ga, 1870 per cent bonds. neither
issue being secured bv mortgage and
SS.s+s 600 still outstanding Of the Consoli-
dated Tobacco Conpanys Der cent col
lateral trust bonds
The Havana Commercial COMPANY was
organized in May 1890. by r. z Hollins &
Co. and took over leading tobacco con
Germs in Cuba. and IN MAJ. laoo. the Ha-
vana Tobacco Company was incorporated
In Nav Jersey as consolidation Of the
Havana Commercial conpanv, the Henry
Clsy-Bock Company and y De Caosnas y
Carbs IA. q concern controlled b. the CON
solidated Tobacco Conpa,v. The orinc'pal
men in the American Tobacco Company
Tere elected directors o. RE Havana To-
bacco COMPANY. a majority ~ the 81 so -
ooo common stock 81 which Is now owned
~ the American Tobscco COMPANY
In August 1901 The Havana America
COMPANY was incorporated 81 Trenton. as
a consolidation Of cigar manufacturing
concerns at Rev West Tampa. New or
leans. Chicago and Havana The control
Of this COMPANY was taken over BY the
American Cigar Companv which had beer
organized In January II the same year,
and the majority ~ the 80 go 80 each Of
common and per cent cumulative pre-
rArred stocks Of which Is held bv the
American Tobacco Company.
The American SNUFF COMPANY vas
formed IN March 300 in the interest 81
the American Tobacco Company. az q con
solidatton 81 the chief snuff concerns Of
the country, and the present American
Tobacco Company owns majority ~ its
81 ool 7cN common stock. The latter also
through the American cigar Company.
controls the American Stogie Company. in
corporated az Trenton IN july 1908, which
took over the s-oeie and toby manufact-
urtnz business If the other companies in
the trust The American Tobacco Com
pany also holds majority OF the se.ool cn)
stock OF the corporation of United cigar
Stores. which. organized IN 1sa. owns
The entire capital stock ot the United
cigar Stores COMPANY The McAndrews
z Forbes Company and the 7 Young
COMPANY. II vas brought out on their trial
ir 1905 for alleged violation q the Sherr1an
Law. IN rnonopolirinz the licorice paste
bus iness Of the country. charge UPON
which they UsrA convicted ard fined. we're
controlled hv the tobacco trust
The American Tobacco COMPANY IN 1901
turned its attention 70 Europe ss reid
.or business ard bough, ~ the important
English concern known as Ogden's. Lin
tied THIS move led 70 the organization
h. English tobacco concerns. in selt-ds-
fence end in retaliation. ~ the 1mperial
Tobacco Compsrv 4 bitter trade contsEt
followed which Tss terminated ~
Thomas RYAN Vhc vent - London n
IRE summer 81 1872 and conducted thers
negotiations which resulted N peace
agreement th- leading features II which
wara the transfer of Ogden = Limited. 70
the Imperial Tobacco Company ana me
formation Of the British-Anierican TOBACCO
.-or1ranv. - handle the export business
Of both The Imperial snd The American
Coropsrv which control tvs stock