| Show I Cooper Hewitt Co Selling Out I Special t THE HERALD Examiner Dispatch NEW YORK Aug 3It has been known to a few people in Wall street fa several days that Cooper Hewitt Co wore about Ito Ito I-to turn their interests over to a stock company I com-pany and the shares were to be floated in j the English market On Saturday it was I i I definitely learned that the CooperHewitt i I corporation had been launched in London under favorable auspices and that efforts I were making to dispose of the shares upon I I I a valuation which it Is thought will matte the venture a success The fact that Cooper Hewitt Co were trying to s ll i I out to foreign investors excited no little comment especially when taken in connection j con-nection with the fact that in the published I prospectus neither the name of Mr Cooper nor t > f Mr Hewitt appealed among the directors di-rectors Tho directory accoraing to the I names which have been published in London i Lon-don seems to be made up of a mixture of Americans and Englishmen and tho combination com-bination from a Wall street standpoint has appeared strong Among the Americans cans upon the board of the now corporation corpora-tion the name of John W Mackay appears with that of Senator Jones while several of their English colleagues are men of equal responsibility The feature of the transaction however which has excited tho greatest comment is the fact that arm a-rm with such big iron interests asCooper Hewitt Co should seek foreign investor rather thah sell out in the home market |
