The Black Diamond Volume 24

The Black Diamond Volume 24

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1900 edition. Excerpt: ...before that date, as the future form of the organization has been under consideration for some time and the plan is now about fully matured. The corporate form for the large and growing business has been determined upon in preference to the limited partnership organization for its obvious advantages. The objection to the corporate organization has been overcome, a way having been found by which deserving employes can be interested and received into the company from time to time upon exactly the same terms as others have been admitted in the ast. All the various interests, including the H. C. Frick Co e Co., will remain as now, under Pennsylvania charters; the steel company taking a Pennsylvania corporate charterinstead of renewing its articles of imited partnership. As no charter can be obtained under the laws of Pennsylvania under which all the various departments and interests of the Carnegie Co.'s can be consolidated, it will necessary to obtain a charter under the laws of New jersey, which will enable the control of the interests concerned wherever situated in any State or Territory of the Union. Other powers are also thus obtained which are essential to a concern whose sphere of operations has grown to embrace the mines and markets of the world, with railroads and fleets; something never contemplated when Pennsylvania's present restricted laws were adopted. The stocks and bonds of the new corporation, instead of being offered to the public, as once contemplated, are taken by the present owners themselves. The basis of the corporation proposed last year has been agreed to as the basis for the new corporation y all the parties, and will be adopted, rendering new negotiations unnecessary, but this is a matter of no public concern, since...
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Product details

  • Paperback | 298 pages
  • 189 x 246 x 16mm | 535g
  • United States
  • English
  • black & white illustrations
  • 1236864956
  • 9781236864956