MOTOR VEHICLE CORPORATION.
|Topics: Consolidated Motor Vehicle Company
The New York Times
February 18, 1900
New Jersey Company a Consolidation of Several Western Concerns.
NEWARK, N. J., Feb. 17.—The Consolidated Motor Vehicle Company, which recorded articles of incorporation with the County Clerk yesterday, was formed, it is said, for the purpose of consolidating several Western motor vehicle companies. A statement to this effect was made to-day by James B. Dill, President of the New Jersey Registration and Trust Company, who appears as counsel for the Consolidated Company. The new concern was incorporated with a capital stock of $1,000,000.
It was also intimated by Mr. Dill that the incorporation of the Consolidated Company and that of the Shelby Steel Tubing Company, which was incorporated a few days ago, was not entirely disconnected. He intimated that the manufacture of automobiles and bicycles was practicaly controlled by the Shelby Company, as the latter has almost a monopoly of the manufacture of tubing for these vehicles. The Shelby Company has a capital stock of $15,000,000. Mr. Dill denied that the Consolidated Company was the completion of a project for the merging of all the companies engaged in the manufacture of automobiles and bicycles.
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