Show i BO n Considering Matter Ma I Ier tier of or l or r rU U 11 8 H Steel SId BOlth Pa March hold haid holders holders ers ore of or bond Issue hsue of ot the Carnegie company ate me now non the exchange of ot them for or handset of o sun n liar amounts and terms of o the I States Steel Ite 1 consolidation The has hun boen brought to the tIme attentIon of ot the stockholders by u IL circular signed by b C CM cI CM I M I Schwab Ire W W Black Blackburn burn secretary anti and L I C treasurer It I was stated today to d 1 that I Andrew Andre Carnegie has agreed to nn ten In ex exchange IX eXchange I change e of ot bonus bonds If It nil all nl of ot the tho others ire are retired at the same time as aa his own n and I new ones Issued For l or the tire most part pat the tho bonds will vill wi be b exchanged In time same annie manner as I the stock Is H being disposed of ot It I ID is II the tile In to return nil all al bonds that tha would bi Ih t underlying thoro of ot tho the National Tube company National Stool Steel corn com company pany nany lInn American Steel A Wiro company mind and other combines In addition to the Carnegie company that will wi he be ab lb absorbed The same ame proposition It I In Is Mid stith 1111 has been 11 n or om will wi be bo submitted to the I holder holder of ot them as ns a has hns been or orwill r I will wi ili lie be submitted to the Carnegie e i people Of Ot the tile total Issue Isue Andrew Car at nele negie will 1 Ilu receive In addition to the payment pam nt of ot U In cash for tor his total holdings holding of ot stocks and bonds bond i I II |