Show TOBACCO COMBINE FORMING trust to have capitalization of ter II 11 on dollars A meeting of the american the con eolida ted and the continental tobacco companies was held in jersey city for action on the agreement for the mer ger or consolidation of the three corn canles which had been adopted by th directors of the consolidated tobacco company on september 9 1904 the plan submitted proposes a cons ollda alon of the three concerns with a total bond and stock liability of about something like less than the aggregate of that of the three companies at present it Is proposed that all of the present condoll dated tobacco companies collateral trust bonds shall be withdrawn and that the only bonds to be left ing shall be the per cent and the 4 per cent direct obligations of the new company |