AN AUTOMOBILE TRUST.
|Topics: Anglo-American Rapid Vehicle Company
The New York Times
April 12, 1900
Special to The New York Times.
DOVER, Del., April 11.—To gain control of all the automobile manufacturing and transportation companies, Philadelphia and other capitalists have organized the Anglo-American Rapid Vehicle Company, and steps are now being taken to amalgamate the various concerns in a gigantic trust. W. W. Gibbs, President of the Pennsylvania Electric Vehicle Company, is President of the Anglo-American Company.
The company's charter was issued by the Secretary of State to-day. The capital stock is $75,000,000, all of which is common stock, divided into 750,000 shares of the par value of $100 each. The incorporators are H. B. Twyford, Windley, England; Ernest Martin, New York City, and James Virden, Dover, Del. Richard Croker is said to be among the projectors.
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