The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1899-11-09
THAT "AUT0"
COMBINE.
The Anglo American Rap
id Vehicle Company
Has Big Capt al

A dispatch to the Philadelphia inquirer
this morning said:
For some time past New Workers. have
been talking about new automobile
trust" which has u capital Of soc, 900 600
and at whose head was to be one Of New
Yurk's greatest ananciers Yesterday the
new company became an accomplished
fact, but at its head is not New Yorker
but Philadelphia, and the authorized
capitaI Of S75, 900, 900 instead Of 22O0, 10000.
During the past week the representative
of large English syndicate and some
prominent American capitalists have been
together In this city. and yesterday CLOSED
the final arrangements for the organizat-
ion of company to undertake the horse'
less vehicle business on very large scale
The organization is the Anglo American
Rapid Vehicle Company, incorporated at
Dover, Delaware, ON Monday, and the
president is w. w, Gibbs. president of
Worden Smokeless Powder Company
and formerly president Of the Electric Ve-
hicle Company.
An Inquirer reporter saw Mr.. Glbos
Yesterday and received tho following state.
ment from him:
"The charter Of the new company wa
taken out at Dover. through the Corpora-
ton l'ru,t Company, Of Delaware. The
incorporators are H. b. Twyford, Of
Wyndley Grange, England; Ernest Mar
Tin, Of New York. and James Nirdon, of
Dover, Del. The company. will CONSOLE
du several companies in Great Biitaln
AHA this country. the furmost among tAe
British companies being the Humber and
the British Motor. For the present. at
least We shall pay no attention to the E.
lectric Vehicle; all our efforts will be de-
voted to the development Of oil and gas
o,ine motor Neither shall we ate npt to
acquire any interests III concerns now en-
gagged In the manufacture of electric We
hicles
The Anglo American Company cover
ing the manufacture Of oil and gasoline
motors for the leading countries Of the
world will own some two hundred pa
tents, and we shall es ablish agencies for
tho sale OF the vehicles In all civilized
countries. The entire manufacturing
will be done by carriage and bicycle man.
utacturing concerns having facilities for
the work and established regulations in
the trade.
Mr.. Gibbs showed tho reporter several
kilograms which he had received from
Lond on and New York, being orders for
vehicles given Us soon u, the organization
of the company had been announced.
"You will see," he con iDued, that /
have here orders for over 10000 vehicles
already, Ten thousand Of these are for
export. Beginning like this looks promls-
ing. Among the companies in Greh'
Britain that our company has absorbed l.
one which Is building a line of oil motor
vehicles Glrenly in operation in Londo II
and other cities. 1t is claimed that they
can make run OF hundred miles success
fully. The cost for al oil or gasoline mos
tor vehicle is much less than for electri C
vehicles and the quoted price OF the FORM
er Ia about 1900 for II carriage, with car
ryng capacity Of four people. This COM
pany also builds omnibuses which arenow
running very successfully In London and
have beeu most favorably referred to In
the London news papers.
Tho $75, COO. 900 stock will be all COM
mon full paid, par 100 But only about
$500, COZ will 90 upon the market aud