The evening times., 1899-06-26
AUTOMOBILE BUSINESS BOOM.
Many Millions Invested In HOrscless
CarrinRe Manufacture.

New York. June 26.-Spread Is interest
in automobile vehicles began in this coun-
try last winter and extends from day to
day. New companies for manufacturing
the vehicles, or parts of the vehicles.
companies for operating the v.nicles. and
subsidiary companies for manufacturing
equipments are formed every week. Trade
papers are founded to record the move
ment; races and trials are continually
made or proposed: patents on motors and
structural parts are filed by the dozen
each week in the Patent Office; exhibitions
in Europe are attended by hundreds of
Americans, and American carriages are
now displayed, even on the streets of Lon
don and Paris.
The United States was three or four
years behind France, and less time be-
hind Germany and England, in developing
automobiles. The general fact is ad-
mitted, though exact figures are not OBJ
tainable in an industry which grows in
week Baron Zuylen de Nyevelt, President
of the Automobile Club of France. in the
recent annual address before the club said
that there were 600 builders of motor
vehicles in France. ITO in England so in
Germany. and 90 in the United States.
That address was prepared a few weeks
ago. so that the number in each case can
be increased. Thomas A. Edison says:
Until six months ago the French auto
mobile was ahead of the American, but in
the last six months We have made won
derful progress in this idea, and in the
next six months We shall be ahead Of the
world. On an average at least four new
companies for the manufacture or use of
motor-vehicles are incorporated in the
United States each week Some of the
larger companies recently incorporated
are:
Authorized
capital.
The Automobile Company Of America. s5.0Oo. ono
The International Vehicle Company of
New York. Observation-Disclosures. 5000 GOO
Inc chicago Electric Vehicle Company 100000
The Woods Motor Vehicle Company Of
Chicago ........................... 1OOJO 600
Inc Whte Motor wagon Company. 10OOO.O00
The Lewis Motor Vehicle Company 10000 900
The Columbia Automobile Company. 100000
The Illinois Electric Vehicle and Trans
portation Company. ny................ 25OOOO 600
The New England Electric Vehicle and
Transportation Company. ....... $4,000 600
The New York Electric Vehicle and
TRANSPORTATION Company. :...:....... 25,Ooo,Ooo
The Pennsylvania Electric Vehicle
Company :.........:..........:.:.. 6ooO,Ooo
The General Carriage Company Of New
Jersey ........:....: :...........:.... eoOoo,Ooo
Sixteen companies Incorporated for
100000 each by the sorcalled Elec-
trio Vehicle Syndicate, to operate in
Tennessee, Georgia, Ohio, Kentucky,
New Jersey, Louisiana. Delaware,
California, Michigan, % Minnesota,
Iowa, Maryland, Wisconsin, Indiana,
Missouri, and Virgins =: ;1..::... 100000
The Canada Lewis Motor Vehicle Com
pany .................... 100000
The National Bicycle and Motor Com
pany Observation-Disclosures. 100000
The Rikef Electric vehcle Company. 1000 600
The Leads Motor Vehicle Company. 100000
Total. .sl6S. 100, 900
The great companies; capitalized for mil
lions. usually have chArters which permit
them ito manufacture tOr, rpse." The sum
Of $l63. .000. 900 is not neaEly the whole sum
Of capital authorized. Probably, with all