Officers of New Company

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Officers of New Company - OFFICERS OF THE NEW COMPANY Niles-Bement-Ponfl...
OFFICERS OF THE NEW COMPANY Niles-Bement-Ponfl Organization Organization Occurs Today E. C.Td'Kinney Certain to be Made President to of Charles L. Cornell Slated For Secretary Secretary and Treasurer. Other Niles People In Directorate, rtanagement of Plants to be Unchanged. At a meeting of the stock-holders of the new Niles-Bement-Pond Company, Company, organized by E. C. MeKiuney and other officers of the Niles Tool Works Company, and embracing tho four biggest machine tool plants of the county, to be held this afturnoon in New York, the office! s of the new corporation will be chosen. Now York dispatches say tliat it is practically practically certain that these officers will be named: President—Robert C. MeKiuney, of Hamilton. Secretary and Treasurer—Charles L. Cornell, of Hamilton. Board of Directors—Robert C McKinney, McKinney, Hamilton; Thomas T. Gaff Gordon Shillito.Dauiel H. Holmes At •^ H. C. Moore, of the firm he M -_ n1n _ Maxwell & Moore is in on two a of Manning, Maxwell & Moore Fred W. Gordon of the Philadel phia Engineering works; Colone Alex Gordon, president Niles Too Company, of Hamilton; Clarence A Bement and Fred B. Miles, oE Bern oat, Miles &Go., of Philadelphia; A O.StebbBUB, Qeorga T. Reiss, Jams K. Cullon and Walter L. Clark Pond Machine Tool Company, Plainfield.N. J.; Colonel Clarence E. Burke, of Cleveland, and W. S. McKinuey, o£ Pittsburg. Concerning the purposes of the new company the Associated Press this, morning sends out the follow- ing'dispatch from New York: The Niles-Bement-Poad company, incorporated at Trenton, N. J., is spoken of in financial circles as a •tool trust," although its organizers declare that they are not seeking to establish a monopoly. The company company has a capital stock of $8,000,000 ija 000 000 which is common and $3,000,000, $3,000,000, six per cent, cumulative pre- erred. It Is said that the management of ho separate plants will continue as .erotofore. Upward of 5,000 men will be employed in the four factories. The central offices will be in New York. The list of officers and direet- up of distance aves who him brother^ turned ors has not yet been determined upon. upon. It is undrrstood, however, that Col. R. C. McKinuey will be president president of the company. The new concern is a consolidation consolidation of the Niles Tool Works Company, Company, of Hamilton,Ohio; Pond Machine, Machine, of Plainfleld N. J.; Bement, Miles and Company, of Philadelphia Eu"iueering Works. These four companies companies are said to control tte heavy machine tool trade, including the manufactures of gun carriages, of this country. In the organization tf the new company the public will not be invited to participate. The entire issue of stock will bo taken by the members of the constituent concerns. concerns. ^

Clipped from
  1. The Journal News,
  2. 15 Aug 1899, Tue,
  3. Page 5

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  • Officers of New Company

    cruther64 – 22 Jun 2013

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