CARNEGIE-FRICK SETTLEMENT REACHED, CHASING THE YAQUIS, AND ANCIENT ORDER OF HIBERNIANS BANQUET

 

Henry Clay Frick.

Andrew Carnegie.

Cortland Evening Standard, Friday, March 23, 1900.

SETTLEMENT REACHED.

End of Carnegie-Frick Difficulty in Sight.

NEW CONCERN TO BE ORGANIZED.

All Equity Proceedings to Be Dropped. Stocks and Bonds of New Corporation to Be Taken by Present Owner—Schwab to Be President.

   PITTSBURG, March 23.—The differences between H. C. Frick and Andrew Carnegie have been settled. This announcement was made officially by the Carnegie Steel company, limited, late yesterday afternoon.

   The parties interested have agreed upon a plan of reorganization, the new concern to be incorporated under the laws of New Jersey.

   The effect of the proposed reorganization will be to terminate all equity proceedings now pending.

   The stocks and bonds of the new corporation are to be taken by the present owners themselves and not offered to the public as once contemplated.

   Mr. Schwab will continue as the executive head of the new company.

   The Carnegie Steel company, limited, becomes a stock company with a capital variously estimated at from $200,000,000 to $250,000,000, the famous "ironclad" agreement is wiped out, all litigation between the partners in the Carnegie company is dropped and H C. Frick, the former president of the company, virtually secures all he has contended for. These facts are embodied in an authorized statement issued last night by the Carnegie Steel company. The Atlantic City conferences resulted in an agreement signed by all the parties interested except Mr. Frick and John Walker, the latter the principal plaintiff in the suit against the H. C. Frick Coke company. The document reached Pittsburg [sic, "h" was added later—CC ed.] yesterday and after a comparatively brief conference between the two gentlemen was signed by both of them. The stockholders' meeting, at which the terms of the agreement were sanctioned was attended by all officials and consulting partners of both companies, with the exception of Mr. Carnegie and those who are abroad and in distant parts of the country.

   On the basis of $250,000,000 capital of the new company, Mr. Carnegie's holdings 58 1/2 per cent, will be worth $146,250,000; Henry Phipps, Jr.'s, interest, 11 per cent, $27,500,000, and H. C. Frick's 6 per cent will stand him $15,000,000. George Lauder owns 4 per cent and President C. M. Schwab 3 per cent.

   It was learned last night from one in close touch with the Carnegie company that the new organization will be capitalized at $350,000,000. This cannot be definitely confirmed, but the authority is considered reliable.

   The same gentleman says Mr. Frick will remain in the new company in the same relative position he held just previous to the beginning of his suit.

 

KENTUCKY'S IMBROGLIO.

Democratic State Troops Guarding the County Court House.

   FRANKFORT, Ky., March 23.—State troops recognizing Democratic Governor Beckham were in possession of the county court house and jail last night, and will do military duty here under orders from Governor Beckham during the examining trials of Republican Secretary of State Caleb Powers, Captain John W. Davis and W. H. Culton, which are set for hearing before Judge Moore. The military is also reinforced by 75 special deputy sheriffs who were sworn in by the civil authorities yesterday afternoon.

   The indications last night were that the trial of some one of the defendants will be acted upon today. The commonwealth will demand that the defendants will be arraigned separately. County Judge Moore has issued an order to Sheriff Sutor directing him to exclude everybody from the court house today except attorneys, witnesses and members of the press.

   There has been no confirmation here that armed bodies of citizens from the mountain section are coming to Frankfort, and the rumor is not generally credited.

 

CHASING THE YAQUIS.

Mexican Troops May Have to Travel on Uncle Sam's Railways.

   MONTEREY, Mexico, March 23.—The Ninth regiment of infantry, stationed in this city, has received orders to proceed immediately to the scene of the Yaqui Indian war and join the forces of General Louis Torres in the campaign now being waged against the rebels.

   It is probable that permission will be asked of the United States government by President Diaz for this regiment and other military forces to pass through the United States by way of Eagle Pass, Tex., and Nogales, Ariz., as that is the only railway route to the scene of the rebellion.

   It is authoritatively announced in military circles in Monterey that Secretary of War Bernardo Reyes has determined to send at least 4,000 reinforcements to the troops now in the Yaqui country.

 

Edwin Duffey.

A. O. H. BANQUET.

PREEMINENTLY SUCCESSFUL LAST NIGHT IN EVERY DETAIL.

An Elaborate Spread—Wit, Interspersed with Song, Flows Freely—Syracuse Well Represented—Common Council Guests and Mayor Holden Responds.

   Division No. 1, Ancient Order of Hibernians, fairly outclassed all previous like attempts at their third annual banquet given last evening in Empire hall. Not only was this strikingly evident in the elegant, sumptuous and deliciously prepared spread which was so neatly served by the ladies, but also in the torrent of wit, in the flow of oratory and in the loftiness of sentiment expressed by the talented speakers. Nor least among all that added pleasure or profit to the occasion were the inspiring solos rendered by undoubtedly some of the best array of musical talent that musically inclined Cortland possesses. McDermott's orchestra, attune to the menu, was a happy addition.

   After full justice had been done to the spread Chairman J. E. Lonergan introduced District Attorney Edwin Duffey as toastmaster of the evening. Mr. Duffey spoke cordially of the practice the A. O. H. has established in giving an annual banquet. In reference to the toast list he rather anticipated the difficulty that might arise in responding to some of the toasts in view of the friendly spirit shown by the queen toward the little Emerald Isle and the willingness of England to extend the olive branch. However, Ireland would not be eager to accept, and there must be better assurances of good faith than as yet has been shown. Mr. Duffey's remarks were brief but forceful, and they formed a pleasing introduction to what was to follow.

   Rev. Father J. J. McLoghlin responded in a happy manner to the toast "The Day We Celebrate." He paid a glowing tribute to the Irish saint in his coming to Ireland and in his preparation for the mission he was to perform. His review of the history of the Irish people was touching, and the well selected words and rounded periods, together with the beautiful sentiment they conveyed, were listened to with the greatest interest.

   "The Aims and Object of the A. O. H." was responded to by Mr. James E. Dolan of Syracuse. Mr. Duffey in introducing the speaker stated that he knew of no one better qualified to speak of the order than was Mr. Dolan, and the speaker prefaced his remarks by alluding to the fact that five years ago he was invited to the then village of Cortland to organize a division which had proved to be one of unusual prosperity and growth. The speaker reviewed the history of' the order and justified the claim of the toastmaster that he was competent to speak of the A. O. H.

   The next member on the list was introduced as the man whom the charter left without an office, and as alliances had been frequently alluded to, as one who had so far failed to make an alliance. Mr. T. H. Dowd responded by saying that he owned up to being a little delinquent in this matter, but he was not alone in this, but like the district attorney was doing his best to fulfill his duty. He spoke of the charter and his lost job and tried to intimate that his small loss was Cortland's greater gain. He referred to the civil war only in pointing out the obstacles in the way of an Anglo-American union. Mr. Dowd was earnest and thoroughly [filled] with his subject.

   Of the mission of the Irish race Mr. Barrett of Syracuse, after extending a friendly greeting from the order in Onondaga county, said that each nation had a mission to perform, and gave in outline what this had been in various countries. Asia had failed in its mission and America was to go forward and accomplish it for her. Mr. Barrett has a strikingly pleasant voice and left a favorable impression with his hearers.

   Mr. E. W. Hyatt of Homer next appeared and was alluded to by Mr. Duffey as his adversary during the weeks that had just passed. He said Mr. Hyatt had kept him pretty busy in those days and now he would pay off the debt by keeping him busy for a while. The ardent defender of Truck had a large stock of stories which he used to a good advantage in making answers to the toastmaster's attack on him. During his address he laughingly alluded to Homer as the city's suburb. Mr. Hyatt glowed with enthusiasm as he concluded with a tribute to national allegiance.

   Three absentees were then reported, among whom was Mayor McGuire of Syracuse. Mr. Duffey especially regretted the Syracuse official's absence, as Cortland's mayor and some of the aldermen were present and had the mayor from the older city come down, he could tell them of deficits and how to be reelected to office. In view of the fact that the first mayor of Cortland had been fit to grace the A. O. H. banquet he knew that all would be pleased to hear his words of fatherly advice, The mayor extended thanks to the order for the invitation that brought him and the trustees to the banquet. Mr. Thompson immediately corrected him by saying that he must call his associates aldermen. Mr. Holden spoke impromptu and was given an ovation.

   Dr. Milne was introduced as the Scotchman and showed conclusively that an Irishman is a Scotchman before he is an Irishman. Of fraternal organizations the speaker said that the good to be derived depends upon what is put in the organization. He contended that fraternal work brought men shoulder to shoulder and heart to heart. His remarks were of a high order and magnificently delivered

   After the list was exhausted, though the hour was well advanced, the toastmaster called upon Messrs. John Barry, Sheriff Brainard, Father John McLoghlin of Tully, M. F. Cleary, John T. Davern and Hugh Duffey, who responded good-naturedly to the attacks made upon them by the one whom they characterized as the unscrupulous district attorney.

   Of the singing it may be said that each of the four young men whose names appear on the toast list did his part well and it is but justice to say that not a little of the great success which the Hibernians met with last night can be credited to them. Each one did his part well and responded to an encore. The toast list and committees follow:

TOAST LIST.

 

Town Board to Meet.

   All bills against the town of Cortlandville should be duly verified and presented for audit at the office of the town clerk, Thomas H. Dowd, before March 31, 1900, as the town board will meet upon that day to audit bills and to transact such other business as may be brought before it.

 

Died In New York.

   Mrs. Sarah Johnson Hough, the widow of Rev. Joel J. Hough, formerly of Homer, died in New York last week Friday. She is remembered by many people in both Homer and Cortland. The remains will be placed in the spring by the side of those of her husband in Berkshire, N. Y.

 

BREVITIES.

   —New display advertisements to-day are—M. A. Case, About corsets, page 6.

   —There will be a private dancing party at Empire hall this evening at 9 o'clock.

   —Cortland commandery, No. 50, K. T., will confer the order of Red Cross this evening.

   —The robins have appeared. Several are reported by different people to-day in various parts of the city.

   —Cortlandville grange has a meeting to-night and expects to entertain a delegation from the McGrawville grange.

   —The board of directors of the baseball association will hold a meeting to-night in the Wallace block with Mr. Thomas Kane.

   —The Y. W. C. T. U. will meet at the home of Miss Jennie Rosecrans, 102 Clinton-ave., Saturday evening, March 24, at 7:30 o'clock.

   —There will be a meeting of the Athletic Field association to-night in Fireman's hall at 8 o'clock. It is expected that a board of directors will be elected at this time.

   —The jury in the case of Tobias L. Rose vs. Harrison Wells which was on trial in county court, brought in a verdict of $75 for plaintiff yesterday. Court was then adjourned.

   —Helena Frances Bell, daughter of Mr. and Mrs. Frank E. Bell, died at her home, 85 Lincoln-ave., yesterday afternoon. Her age was 2 years, 5 months and 19 days. Funeral Saturday at 2 o'clock at the house.

   —The Gillette Skirt Co. is moving today from the Wells block on Clinton-ave. to the building on Homer-ave., formerly occupied by the Cortland Corset company. Mr. Gillette expects to be ready to start business Monday morning in the new quarters.

   —You can usually tell whether a man has any gimp to him or not by the way he shakes hands. I don't care how "smart" a person is apparently, he betrays the lack of the honest conviction of his position, unless he shakes hands with a friend as though he had some interest in the matter.—Norwich Sun.

   —The trustees of the Cortland Savings bank at their meeting yesterday decided to leave the matter of the proposed removal to the Keator block in the hands of the officers of the bank with power to act, if considered desirable and if the terms could be satisfactorily arranged. It is probably that a removal will follow at an early day.

   —Now is the time in which every one is looking for houses to rent. The "Want" column of The STANDARD is eagerly scanned every night by hundreds of readers. If you have anything to rent tell those hundreds of readers about it through the columns of The STANDARD, and get a tenant. If you want a place to live, say so in the "Want" column and get a place to suit you.