The sun. [volume] (New York [N.Y.]) 1833-1916, 1915-10-06
TRICKS TO JOIN
SCHW AB IN BIG
STEEL MERGER
Another Great Enterprise
by "carmcgic's Boys"
Reported.
TNION OF BETHLEHEM
WITH LARGE PLANTS


,sr,,s boys" came fast yesterday when
II became known that another powerful
,sv lm,lganation was almost COM
,,s,.d with Charles NJ. Schwab. Henry
r Frck and Mr.. Frick's son, Childs
rrirk as the central figures.
Nhile negotiations In two deals
rbieh may result in these two strong
.,eel interests coming together were
,o.uc on IN New York yesterday the
in,orporation of the Midvale Steel and
ordnance Company. with s100.0o0.oOo
,,ni,,l raised from less than 100000
too carital Of the old Midvale company,
GAS announced from Dover. Del. This
4. the Rockefeller Corey Converse COM
pny
Interest in these great deals was
sririts had received their training under
Andrew Carnegie, and. as "Carnegie's
BOYS. were wearing the mantle OF
leadership that their mentor the great
,ronmaster, had laid aside. These four
are Mr. Schwab and Mr.. Frick. who
figure in the newly reported undertake
NIrg. and Alva c. Dinkey and william
j. 'oreI' VINO are III '"e 'u'"e
prise.
n"utn .,,..,,, 80 ~
wal SUt''. III tle eN,l'.'". v, .ne
oeshni"s "a I've" p''o, ,,na..
ti,s If tension and wild rumor TO the
DAYS ur formation %. the Steel Corpora
ZION that these forI-S would 'iltimat .ly
joln with the Schwab-Frick interests,
ue UN''.'oo' Vi WIS
"e
-. c,.,.,o.
The Bethlehem Steel Company is the
eeHtrr of the great combination now in
process Of forming. Charles VI. Schwab Is
the leading figure. Henry Z. Frtck and
Childs Frick are the head ana shouiders
IN The financing arrangements. Ihe w"
tg properties to he taken over ~ tae
rev company are the fennsyivania
Steel company ami 'he cambria Stee'
Company. A number u MINOR corr
panes have also been mentioned.
Ihe negotiations Whi'h are eA'rV'ea
to culn'lnate ~ the Dig be.hiehrm heai
are golns on along wv" p''nS' "''o' 'p-
parent! are heading ,o"'r" ''n ,'.'r:
'halIes NJ Schwao anu "Ssoc'"te"
Pennsylvania steel company ana II II
believed. are SO close To success tn'e
On announcement vi purchase may u"
Hane ~ any tni'e'
h'nIN =, frlcK IL ai'er 'he '"i'ipi'a
zee company thtNusn Il" optIo" on q
, con' o''hs amount Oh ts STUN, "~'no'' ~
mas ,"hg peen he'o ID! r. - Dou'o.' :
president "t the 'ahnria ana cnair.'aI,
o' ire bolrd OF the fenns!Nah'a Stee'
company; Nho iela'eu 10 VT ~
Is uh'erS'o"" th"' MT Do',e' "eo
ass an option on 'oh'roi Oh ''e ie""-
slgah'd steel company .,-
lhe pennsylvania faiiroao coht,o's
Doth OF these steel companies Mr
fHcN j. dlre''or OF the fa''roau a"u
IS reported the largest ihu.Viuua'
owner OF pennsylvania Railroad STOCK.
MI fr'k mas long peen cohsiuerlns
We purchase OF the cambria company
mas been generally understood ps
eld and Pennsylvania would ultimately
,s,a' ~. c,,,.h ,o,s tho pennsv,-
,,,1. ,,'a Nn rr;o,, ,ho Cambria n
,hs &. ,to rasu,, -, ,he neyo,iatiors
,a - -, ,,.ro 40 ,i,,is
-. tL ,oodiro h,rL.r,
slo. ~ '', in,,n,,.aJ and
Ys, ~ uls Prope'.'es III, a.
NV" '"'l '''' '"' ''' '
.. -.
a, "I.' 'he uH'tlns OF the 'h,erestS VI
'r S'h"ab ana MI fricN Is sun
question OF some ihdennitohess, II Is
Let mat Mr.. Schwab Is dennitefy ar
ranging to buy Pennsylvania steel. An
important meeting was held yesterday
ai his office at Ill Broadway. Present
a. this meeting. in addition TO Mr.
sch~db and Mr. Donner were Eugene
Il Grace president of the Bethlehem
e,eel COMPANY r T. Stotesbury, direc-
tor Of the Pennsylvania Railroad and
partner in j. T. Morgan & Co. ant
nrexel & TO-. the PHILADELPHIA house
Henry T,tu,Il. ylce-president and direc.
,or of 'n, parus>lvania RAILROAD. IL 8
SNYDER se,o,d ,,ico-nresidert and :, di.
r.c,or f ,ha ta,hiahar, XylIio,n NJ
Bsrrur, , ta,,i,tn,' a,,no,or and prsS.
tlsr, ~ - I,,,I TO,
WnrLs nl,hI ,h,,,,a.',
"'' i'''"'c"e'" @"''''"s'
u.., - Am
""'" -N""'' '""'
While the conference was going or
bethlehem steel on the Stock Exchange
lad cr Ssrd the 400 mark for the frs
TINE ~ 7.e accompaniment Of cheers from
u" floor other war stocks were crack
lug WIDE open on the selling movement
Llat developed about O'Clock. but
be1hI"h'n kept on its way upward, ap
Iro'ol" the new century mark b,
WV Th" closing WAS 10 points lower
WI '.t Philadelphia exchange cam
r." 80" f'hhsS wanna steel were quiet
Perrs,l.'.,,' '"'" we previous u"S' ""'