The Bridgeport evening farmer., 1915-11-24
SEE $500, 100000
 GAIN IN VENTURE IN WORLD TRADE
Backers of $5O,OOO, ,OOO For eign Investment Concern Get Charter of Broad
 Scope.

 ed yesterday in a formal announce ment made by Frank A. Vanderlip, president of the National City Bank, that the scope of the new organization is even wider than was first reported. The company has been incorporated at Albany as the Amer. ican International Corporation, with a charter that permits it to do almost every conceivable kind of business, and it's promoters are already actively at work perfecting their organization. Not all of the capital subscribed will be called for at once, but 10 per cent. will be paid on Dec. Is, and another 10 per cent. one month later.
 It is quite possible that the capital will be increased from $50,oo0.00O as the company extends it's operations, but it was pointed out yesterday that under the plan of marketing securi- ties this amount would permit the in- vestment of several times that sum; in foreign enterprises. It is proposed to sell securities of foreign companies, and of municipalities and govern ments direct to investors where such securities arc well known, and when this is done the American Interna- tiona1 Corporation will assume no risks, leaving it's capital free as soon as securities are sold. Other issues, both stocks and bonds, will be pledged as collateral for debenture bonds, to be issued by the corporation. These debentures will be secured by all of the assets of the company, and be- cause their greter security will pay a smaller rate of interest than the securities underlying them It was said yesterday that with the capital of $50,000,oGo it should be possible to invest $500,OO0,000 in foreign is sues.
 Financial Leaders as Directors
 The new corporation has a most impressive list of Directors. There are to be twenty-four Directors. of whom twenty-one have so far been chosen, as follows:
 J. Ogden Armour, Armour & Co
 Charles A. Coffin. General Electric Co.
 William E. Corey, Mtdvale Steel and Ordnance Go,
 Robert Dollar. Dollar Steamship Co.,, San Francisco.
 Joseph F. Grace, W. R. Grace &
 James J. Hill. Great Northern Rail way Go.
 Otto H. Kahn Kuhn. Loeb & Co. < Robert s. Lovett. Union Pacific Railroad Go.
 Ambrose fonell. International Nic- kel Co.
 Henry s. Pritchett. Carnegie F,oun- .dation Go.
 Percy A. Rockefeller. Standard Oil
 John p Ryan, .Anaconda Copper
 Charles A. sabin, Guaranty Trust
 William l. saunders, 1nsersol1- Rand Go.
 James A stillman. National City Bank.
 Charles A. Stone, stone < Web t5 s II
 Theodore N. Vail. American Tele- phone and Telegraph Go.
 Frank A. vanderlip. National City Bank.
 Albert H. wiggin. Chase National Bank.
 Beekman Winthrop. Robert Win tirop & Go.
 A feature new to this country is mon and managers stock. Of the SEC, 1000, 900, $1,OOO.O00 is to be set aside for sale to the men who are active in the management of the com pauy. This stock will be sold at par. like the $49 ,00,0 900. but after z per cont. has been paid on the $505000,0O0,. 20 per cent. of the profits remaining will go to the holders of the man agers' shares, and 80 per cent to the other S49sO00 900. This provision was adopted Abecause it was felt that something more than salaries would have to be paid to the men who are. responsible for the success of the company.
 VanderIip for Chairman.
 Only such directors as are actively engaged in looking after the work and 'the more important officers and en- playes will be allowed to subscribe to managers shares. Tn doing so they must agree to sell their stock back to the company at it's market val4e in the event of their severing their con-. nection with the enterprise.
 Tn addition to the oficers announce. ed yesterday morning, who were Charles A. Stone of Stone & Webster, as president, and Willard D. Straight as vice president, MT. Vanderlip will be chosen chairman of the board R. F. Tinsley, who for 25s years was asso- ciated with the Standard Oil Co., will be secretary and treasurer. MT. Tins ley resi- gned as treasurer of the Stand ard Oil Co. of New York, where he was succeeded by H. H. Stein. MT. Stone will retain his interest in Stone &, Webster. but will make his. home in. this city in future and will devote all his time to his new duties.
 In announcing the outline of tine new corporation, MT. Vanderiip said yesterday:
 ''I think it will be recognized that we have secured A wonderful group of successful men for the board. The management will be the very heart of the attempt, and the widespread operation contemplated made itsessen- tiaI to obtain men who have been con- spicuousIy successful in big things. We have made a great beginning by getting MT. Stone to head the com pany.
 What. is the reason for forming this company? We are in a very extra ordinary state of world affairs. Those sources of capital that were drawn upon for new projects in var ious parts of the world are closed by the war. They are likely to remain closed for some time. The result is that in many countries going com cerns are urgently in need of capital. n,r rn c.car1airn fc fIaa ITrnited Sfa tes