1 62 



CHARLES S. GLEED 



company. The application of the new stock was substantially 

 in round millions, as shown in the following table: 



Companies. 



Carnegie 



Federal pfd 



Federal com 



Steel and Wire pfd. . . 

 Steel and Wire com. . 

 National Tube pfd.... 

 National Tube com. . . 



National Steel pfd 



National Steel com . . . 



Tin Plate pfd 



Tin Plate com 



Steel Hoop pfd 



Steel Hoop com 



Slieet Steel pfd 



Sheet Steel com 



American Bridge pfd . 

 American Bridge com 

 Lake Superior Mines 



New 

 Common 

 Million— 



125 

 "56' 



51% 

 "50 " 



40 

 '35' 



19 



■24%' 



32 

 38% 



Mr. Carnegie personally is supposed to have received 

 about two hundred and twenty five millions of the new bonds 

 for his bonds and stock. 



The capitalization of the new company as above shown 

 (one billion one hundred million dollars in stock and three 

 hundred and four million dollars in bonds) may instructively 

 be compared with the capitalization of other well known cor- 

 porations and with other statistics. This capitalization ex- 

 ceeds the combined capitalization of the following railway 

 companies : The New York Central, Canada Southern, Mich- 

 igan Central, Chicago and Northwestern, Union Pacific and 

 Southern Pacific. It exceeds the combined capitalization of 

 the Pennsylvania, Illinois Central, Missouri Pacific and Atchi- 

 son, Topeka and Santa Fe. It exceeds the combined cap- 

 italization of the New York, New Haven and Hartford, the 

 Central of New Jersey, the Delaware and Hudson, the Dela- 

 ware, Lackawanna and Western, the Erie, the Chesapeake 

 and Ohio, the Baltimore and Ohio, the Southern railway, and 

 the Central of Georgia. It exceeds twice the amount of the 

 capital stock of all the national banks in the United States. 

 It is about the same as the average annual supply of currency 



