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This newspaper page contains 10 articles. Subscribers can read the full text of each article.

Newspaper

New York Times

Location

New York, New York, United States of America

Date

Jun 22, 1912

Page

18

Financing of American Wire and Steel Turbulence

Government hearings on the formation of the American Steel and Wire Company reveal pools and alliances from 1896 to 1898. Witnesses describe the soup house era of sharp competition between Carnegie and Illinois Steel, with pools like the Pneumatic Association and the structural pool shaping early steel markets. Financial details show a $28 million cash syndicate for the New Jersey entity and complex stock allocations to promoters and bankers.

American Steel and Wire Company United States Steel Corporation Powell Stackhouse Cambria Steel Company Cambria Iron Company Dickinson Steel Corporation Carnegie Illinois Steel Companies Cambria Structural Plate Association Pneumatic Association R. V. L. Lindabury Illinois New York Chicago Mr. Stackhouse Stackhouse Frederick Strauss Banking House Theteel Corporation American Steel and Wire Company of New Jersey New Jersey Corporation

State Convention approves income tax for public service firms

The New Hampshire State Constitutional Convention favors a direct income tax on public service corporations. The amendments also redraw representation with a 36 member Senate and a 240 member House, replacing the current 24 and 409 respectively. The measures go to voters at the next election. The convention plans to adjourn tomorrow noon after finalizing these questions.

Concord N. H Thema Senate House

Salisbury elected president of national credit men group

Fred P. Salisbury of Minneapolis was chosen President of the National Association of Credit Men at the seventeenth annual convention in Boston. Charles B. Meek and Enoch Rauh were named First and Second Vice Presidents, with Meek a former secretary-treasurer of the association.

New York Times Boston Fred P. Salisbury Minneapolis National Association of Credit Men Minneapolis Association Charles B. Meek Fourth National Bank of New York Enoch Rauh Pittsburgh Meek National Association New York Rauh Pittsburgh Association Roberts Weeks Massachusetts Charis Bayly Denver Rosson Baltimore J. L. MecWheter Nashville R. W. Ramsey Oe Sar E. D. Page

Brooklyn transit notes oversubscribed as $40 million offering ends

Financial notes report the Brooklyn Rapid Transit notes syndicate of $40 million oversubscribed and no further applications accepted. Chauncey H Murphey named Assistant Treasurer at United States Mortgage and Trust Co 125th Street branch, William T Law becomes Assistant Secretary, and R H Timpson appointed manager of the same branch. Friday June 28 opens cotton deliveries under July contracts at the local exchange as market activity rises on delivery expectations. Co B McWilliam joins Gilbert t Co bond department after leaving Foster & Adams, and Peck & Co 14 Wall Street issues a note on National Transit Co and its subsidiary.

The Central Trust Company Kuhn, Loeb & Co Kidder, Peabody, & Co Brooklyn Rapid Transit Notes Syndicate Chauncey H. Murphey Mana 125Th Street United States Mortgage and Trust Company William T. Law Peck & Co Wall Street National Transit Company

Central Bank praised by Virginia banker at meeting

William C. Cornwell of J S Bache & Co told the Virginia Bankers Association in Old Point Comfort that a Central Bank would work in the United States and praised France’s Bank of France as a model. He argued against anti Central Bank prejudice and discussed the role of clearing houses and the National Monetary Commission bill.

New York Times Old Point Comfort William C. Cornwell J. S. Bache & Co Virginia Bankers’ Association United States Cornwell Bank of France French Chamber of Deputies France America Clearing House Money Trust New York Clearing House Congress Newark Clearing House National Monetary Commission New York City Eprint New York

Time for Tort Creditors in Metropolitan Case

The Public Service Commission set a hearing next Wednesday for tort creditors of the Metropolitan Street Railway who have not accepted the reorganization offer. Claims totaling nearly 400 000 dollars remain unanswered, and an extension is granted to exchange for New York Railways Company bonds under favorable terms.

Metropolitan Street Railway New York Railways Company Public Service Commission Willcox Maltbie Metropolitan Bondholders Committee Metropolitan

Receivers Named for Alabama Consolidated Coal and Iron

Vice Chancellor Howell appointed receivers for the Alabama Consolidated Coal and Iron Company in a suit by American and British Manufacturing. Halsey M. Barrett, Parry Coffin, and Harrison S. Matthews named. company shows $8.75 million capital, $9 million bonds, and $726,485 current liabilities with a $40,000 payroll due.

Trenton N. J Howell Alabama Consolidated Coal and Iron Company American British Manufacturing Company Coal and Iron Company Halsey M. Barrett Newark Parry Coffin Baltimore Trust Company Maryland

Manhattan Banks Report Large Assets and Liabilities in 1912

The articles present detailed balance sheets for The Corn Exchange Bank Manhattan Company Fidelity Bank and related entities as of June 14 1912. Reports show extensive assets including U S bonds public securities loans and discounts trust company balances and real estate along with liabilities such as capital stock surplus deposits and borrowings. Notable figures include total deposits around 76 million and total liabilities near 92 million across the institutions.

Ees Fanna Brooklyn Banks Williamsburg Trust Company Eae Eerie Grieetae Eee Cyetrad Ea Cetsce Rere Reteete Center Serenue State of New York County of New York Alexander Walker George Sg. Carr Colonial Bank Columbus Ave City of New York George 8. Carr Alexander C. War Notary Public New York Co Spee M. M. Belding, Jr John Williams Broadway Trust Company Broadway GEO. W

Appeal Tap Line Cases Move To Commerce Court

An effort started in Washington to overturn Inter-State Commerce Commission findings in tap line cases. Louisiana & Pacific Railway Woodworth Louisiana & Central Railway and others petitioned the Commerce Court to require trunk line railroads to grant through routes and joint rates claiming the commission lacked authority to classify certain top lines as plant facilities rather than common carriers.

Washington Inter-State Commerce Commission Commerce Court Louisiana & Pacific Railway Woodworth & Louisiana & Central Railway

Metropolitan Bank Condensed Statement of Condition June 14 1912

The Metropolitan Bank reports a condensed condition as of June 14 1912 including capital stock reserves profits deposits from individuals and banks and trust companies. It lists totals for deposits cash on hand due from banks real estate and securities with figures totaling several million dollars across categories.

U. S U.S Matal Aananit New York State

Also Mentioned on This Page

Steel Bankers Steel Trust New Hampshire Credit Men F. P.salisbury Charles E. Meek Financial Notes Central Bank Alabama CO Coal and Iron Concern Falls Drrten National Bank Resources Ein Bank Reports OF National Banks Eport Corn- Exchange Bank Vulit National Nassau Bank OF New York State of New York Bans, Zee Undivided U. 8 Rogan Odie Walter E. Frew Fred’k T. Martin Corn Exchange Bank William Street City of New York H. WM. M.uckley Kings County New York County N. Y Fidelity Bank Manhattan Company Total Cond Bank OF the Metropolis Hprus A. W. Gilbart John P. Noonan Pea Adank Altlebl Edward Harl John Munro Augustine J. Smith National Reserve Bank National Banks Stephen BA D. H. Pierson Manhattan Company, & Bank Superintendent of Banks Stephen Baker J Wallace Johnso Tuna Vian Edwin Laffey Bank of the Metropolis Union Square Edwin 8. Laffey M. A. Fowler Central Trust CO NY 7 Waut Sis Auouee E. Francis Hyde Ferguson Central Trust Co O M. Ferguson Seal Publicies Notary Cy . Co N. Y. Co. Sa N. Y. Co. Register Metropolitan “Trust Seacee Lvls Tokon Asa Edward H. Peaslee Eugene W. Dutton Madison Avenue Seventy-fifth Street Edw. H.peaslee E. W. Dutton E. A. Henderson Notary Publi County of Westchester N. YF Wuss Suse SU Amn Ea Orci Pater State of County of R. B. Minis van Brunt Pearce Royall Victor Jas. G. Newcomb William O. Allison Germania Bank OF Bank OF America Jane Ee Wvince SI Security Ibank OF New Saseinesa COTO cee wessees_ee Eeteee I. W Beckley Jacob B. Toch New York Register Corrett I F. Hutchinson, WM. OH. Pobrich, David D. Wylie Eat En- SP Ceeseck Eeres S. R. Ross Appleton Louis V. Ennis Security Bank of R. Ross Appleton Robert Roy, Jr Kings Co William H. Perkins Walter M. Bennet William. H. Perkins Denzler International Bank IERE Thomas H. Hubbard H. Green John ‘Hubbard View Alfred J. McGrath Chas BE. C. Schaefer Loftin Love Germania Bank Bowery Edward C. Schaefer Emil T. Fuess Notary Publi New York Co Arletrte Brayton Ives Bertram Cruger A. E. Vogler New_York County Commission NEW York Produce Exchange Bank New York Clearing House Association Forrest H. Parker Adelbert H. Alden John R. Wood Thomas B. Nichols New York Commercial Co. Produce Exchange John E. Berwind Berwind- Howard C. Rice Rice, Quinby & Co Corn- White Coal Mining Co Mission Merchants Grain and Flour Onabesa Benzess Albert Ontario Car &8 R.R. Cotton Merchants abNerd Brothers & Co John East 57Th Street James McMahon New Yorkdustrial Savings Bank Public Bank OF Vuur Vital Woodeters Seers Tateree Joseph S. Marcus Joseph J. Bach Delancey Street Borough of Manhattan Joseph 8 Marcus Herman Gottlieb Public N. ¥.Co Pacific Bank Banks and Trust Co Livi New York Times Weekly Financial Review Adv Financial Review
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