New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1899-01-15
AUTO-TRUCK AND AIR POWER.
CROKER, LETTER AND OTHERS FORM
TWO BIG COMPANIES.


TER TALKS OF THE PLANS OF THE
TWO CONCERNS. WHICH WILL
WORK TOGETHER.
Trenton, ~ j.. Jan 14-Articles OF incorpora-
tion Of the international Air Power Company
and the New-York Auto-Truck Company were
flied here to-day with the Secretary Of State
The capital Of the former company is placed at
1000 OOO Of which 100000 Is TO be 3 per cent
cumulative preferred stock ard SG4O00O0 COM
mon stock. The preferred stock will he issued
only for cash and the common stock for prop
erty The incorporators Robert l. Mckins-
try. Joseph II. Hoadley William knight and
Harry f. Knight of New-York. and Edwin F.
Glenn OF Philadelphia.
The New-York Auto-Truck Company will have
a capital Of 81. 100000 all common stock, to be
500 share. The incorporators are Richard
Croker. Nathan Straus, l.. Dixon. Arthur =.
German. Joseph II. Hoadley and Robert l. Nc
Knstry.
These two companies are authorized to manu-
facture. buy. sell and deal in compressed air,
electrical machinery and apparatus, locomo-
tives, engines, trucks and cars, and to manu-
facture all machinery for the supplying OF cleo
trc. compressed air and other motive powers.
It Is said that the international Company will
Company will use the same in New-York City
and elsewhere 1t is understood that Joseph
Letter of Chicago. controls the patents used by
the two companies.
Richard Croker, when seen last evening about
his connection, with the AutoTruck Company,
said: This company has great field for opera
ion. but do not to go into details about 1t.
| will make statement about 1T Monday but
inst I Ea.o 70
Joseph Letter was seen at the Waldorf-Astoria
last evening and said that the Air Power Company
building machines largely on patents of Walter
T. Knight "We-known engineers and contractors
in the matter" said Mr.. Letter. and prominent
men Of wealth interested. Some Of them are
Messrs Elklns, Wdener and Doan, OF Philadel-
phia, who are large shareholders In the Metropol-
an Street Railway Company. Of this city"
Mr.. Letter says that numerous contracts are wait
ing TO be signed for furnishing automobiles, and the
International Air Power Company has secured tho
Rhode Island Locomotive Works and the Green.
Wheelock Company OF Worcester, Mass for the
manufacturing end OF the concern
Mr. Letter says that the new automobiles can
be charged in thirty seconds, and run from fifteen
20 twenty-five miles on each charge They can run
for hours he said. II n sufficient supply OF COM
pressed air taken in.
THE new idea is not to be confounded in
way" said Mr.. Letter. with the Hardie air motor
tried some time ago the Manhattan Elevated
road here"
No officers have been elected in the newly in
corporated company, Mr. Letter said He declared
that he shareholder and that he will prob
ably occupy the craftsmanship Of the Board Of Di-
rectors in the company and attend TO the nego-
tiatlng and the foreign business.
We are negotiating for the acquisition Of
additional plants" said Mr.. Letter. This move IS
made necessary By the tremendous Influx Of orders
for automobiles People are very anxious to get
1old = them y We don't caro- 50 nsrh about ths
ca buslness x kgugh ". should Ike to d. that. too
but there IL az Immonse business in coal Ice AMI
ether carriage traffic from boats entering this port
Why one pier gets thousands Of tons OF freight, OF
which the cost OF removing would be reduced one
ha'f 10y the Introduction Of automobiles"
Mr.. Letter said that his company owned the
patents OF the Horseess Carriage Company and
number Of other companies. He says he is not IN
terested financially in the Auto-Truck Company OF
New-York but he will try to organize one In Chi
cago on similar basis Many trucks are Already
manufacturing he said. for the New-York busi-
ness
An interview credited to Joseph II. Hoadley. who
appears in the Trenton dispatch an incorporation
OF both the companies mentioned, printed in
The Tribune on December %. Mr. Hoadley. who
is president OF the Compressed Air Company. with
Offices at No. 253 Broadway. was quoted at the
time as explaining as follows the objects OF the
Auto-Treck Company and the Internal tionai Air
Power Company. The New York Auto-Truck Com
pany is TO be purely an operating company The
trucks and compressors will be manufactured oy
the American Wheelock Engine Company,
Worcester Mass, and by the international Air
Power Company which is being incorporated in
New-Jersey, and OF which Joseph Letter. OF Chi
cago, is to be president. An existing plant has
been bought by him for s3co0,OOO and the plant will
be In operation within sixty days. The Interna-
tonal Air Power Company represents 100000.
''Mr. Letter has Interested the Rothschilds and
other European capitalists In the introduction of
auto-trucks and they will be first operated in
London TO be followed IN Berlin and Paris. All
foreign shipments Will be made by him. Edwin S.
Cramp. the Philadelphia shipbuilder, is president
Of the Wheelock Company. The Auto-Truck Com
pany will enter the field OF general trucking. but
trucks will first be operated in the hauling Of coal
Then we propose TO take up other large trucking
Industries and work down to the handling of gem
eral tralIic The trucks be introduced i'm
mediately after the organization Is completed The
machinery for the central station. for the generat
Ing of the compressed air power, is ready for ship
ment here. We have obtained the ground and have
enough trucks ready for the start. With two large
co apanlcs manufacturing them there should Se no
difficulty In supplying present demands. and be
lleve that I'm Il years time there Will be two hun
dred OF the trucks operating in this city The
trucks have been In use In the Worcester factory
for eight months hauling loads Of five tons each
ard proving satisfactory in every respect.
we may enter into municipal contracts. for
intend to enter the field for the operation Of any
thing that be handled on wheels TO advantage.
our machines could clean block OF snow I'm an
hour after a heavy snowfall First. would send
what we call tractor. pushing n heavy plough
before IT, That would be followed by a sweeper.
and that again by "A scoop. The machines would
not he handicapped horses are by the weather
conditions. The autotrucks simply ocaza-
ton OF the railroad in force and hauling power
Take your average trucking wagon. which is six
sect IN 81 feet ca
and you have a hauling capacity OF two tons 10
twelve feet The auto-irucks six feet in length
with a hauling capacity Of eight tons. It's an easy
proposition for a trucking man. The speed OF the
auto-trucks would be governed simply by the cond-
tlons In round numbers there are 10000 horses