New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-09-14
Relevant Facts

Vulcan Steel Products Company
Announcement was made yesterday that
General r. C.. du Pont has been added
IN the directorate of the Vulcan Steel
Products Company. Other new mem
bers on the board are Frank II. htcn-
cock. who has assumed the duties OF
ice-president, and l.. w. BALDWIN, OF
the Empire Trust Company. The Nul-
can Steel Products Company was moor
porated under the laws of the State OF
New York in September, 1916. The
capital stock authorized was 100000,
but only $4,000 was paid IN at that
time. Business was started the tolIO" :
ING October. The working capital OF
the corporation was increased to w.
900 on January 1 of the present year.
The company is engaged in the steel OK
port business.
stinghouse-C rucible Suit.--LItiga-
ton arising out Ct contract for 1000
600 rifles for Russia which the west
inghouse Electric and Manufacturing
Company closed early in 1915 is now
pending in the Federal District Court
for New Jersey. The plaintiff seeks to
collect 100000 from the Crucible Steel
Company, which, it is alleged, was paid
to it as an Advance on contract for
100000 rife barrels which were never
delivered. The Cruciole Steel Com
ia N a
claim for $4,000 for alleged breach Of
of contract on the part of the plaintiff
Remington Arms Union Metallic
Cartridge.-H. S. Kimball, president,
announced yesterday that the company
had Just completed an adjustment OF
its Russian rife contract on salts
factory basis. He said: "The settle
ment concludes the company's diff
culties with respect TO this contract
and materially improves the financial
position of the company"
Rock Island.-N. L. Amster, chairman
of the executive committee OF the Chi
cago. Rock Island & Pacific Railway, is
sued this statement yesterday:
THE proxies sent out by the Off
Gals of the company in the name of
Messrs. German, Shedd, Hayden and
French were sent out without my
knowledge and consent as a director
and chairman of the executive COM
mittee Of the Railway Company, al
though a proxy coming from the COM
pany, signed by the officials and mailed
at it's expense. would naturally mislead
stockholders into the belief that dl-
rectors' meeting WAS held empowering
Messrs. German, Shedd, Hayden and
French to issue proxies in their names
at the expense of the stockholders.
"The sending out of these proxies
without calling a directors meeting Is,
to say the least, irregular and unusual;
it is, however. in line with the meth
DDS of the old directors when they
plunged the company into receivership
without holding directors meeting or
notifying the directors.
This move of soliciting proxies in
such way is. in my opinion, the last
attempt by the old crowd TO entrench
themselves in full control of the Rock
Island. having been defeated in the
attempt they made TO sell the stock
holders out through the Wallace Com
mittee, or through the receivership
and the so-called Peabody Committee.
at is not strange that they should
now make an attempt TO really get
possession of the property after the
stockholders have saved 1t and put in
$50 600 900 new cash.
MY committee and ! are absolutely
set against the old crowd or any Of their
affiliations getting more representation
on the board than they are entitled to.
! am determined to make this last night
the most strenuous we have had 70
make during the past three years, and
unless the stockholders are as ignorant
as some people think they are, they
will see through this transparent at
tempt on the part or the old interests
to secure control of the property, and
| am sure they will send their proxies
to my committee TO elect directors rep
resentative of the stockholders who will
Loyalty and steadfastly stand by the
stockholders TO protect and conserve
their rights and interests.
"Our proxies will be sent out IN
the course of the next two or three
days"
South Porto Rico Sugar. On the sale
of 100 shares this stock broke 81 points
Yesterday TO l59. This price compared
with a high of POS this year and 24O
in 1916. The company is paying regu-
lar dividends on the stock ut the rate
OF 20 per cent year. In July an ex-
ira dividend Of 1912 per cent was paid.
Last year 40 per cent in all was paid
on the common.
Extra Dividends Declared. -Director
of the Phelps Dodge Company have de-
clared an extra dividend of $3.50 a
share and the regular quarterly dis
bursement OF $3.50 a share, payable
September % to stockholders of record
September "a. These dividends are the
same as in the preceding quarter. Dur
ing 1916 the company paid total divi-
dends of S52.50 a share, and for 1917 TO
date, including the present declaration,
total dividends amount TO 500 share.
The Eastman Kodak Company has de-
clared an extra dividend of 7l2 per
cent and the regular quarterly dividend
of 212 per cent on the common shares;
also the regular quarterly dividend o.