The Bourbon news., 1899-09-05
BICYCLE TRUST.
The American Bicycle Co. Has Com.
pleted Its Permanent Organization.
1here VIII Be Issued $4,000, 900 Five
Fer Cent. 2O-Year Bonds, $4,000
900 Per Cent. Preferred and
$2O,OOO,OoO ommon stock.

NEW YORK, Sept. 1.-The American
bicycle Co. completed its permanent
organization Thursday by the election
OF the following officers and directors:
Albert 6. Spaulding, president; Col.
George Pope, first vice president; j.
T. Bromley, second vice president;
A. l.. Garford, treasurer; C
W. Dlckerson, secretary; directors
A. 6. Spaulding, A. A. Pope,
A. Featherstone, of Chicago
R. Coleman, New York; J. w. Kiser,
Chicago; E c. Stearns, Syracuse; R. S.
Crawford, Hagerstown, Md; Charles
Ames, Chicago; r. Philip Gormully,
Chicago; Harry A. Lozier, ST., Cleve-
land.
The others of the permanent board
OF directors, which will consist of IL
members, will be selected at a subse-
quent meeting.
For the purchase of the various
plants, which include the oldest and
most prominent bicycle concerns in
the United States there will be issued
$4,000, 600 per cent. 20 year gold de
benture bon ds, $40, 600. 600 per cent
preferred stock, and $40, 600, 900 com.
mon stock, leaving in the treasury
ample means for the purchase of such
additional plants as may be desirable
and for the eXten sion of the business,
especially in foreign countries. The
manufacturers have taken all the $1O.-
coo, 600 preferred stock and the $40, OOO.-
600 common stock and have subscribe
for substantial part of the debenture
bonds.
The manufacturers are very enthu-
siastic about the future prospects Of
the company and most of them an
nounce their intention of holding
their stock and bonds as a permanent
investment. The following concerns
nave been purchased and have become
part of the American Bicycle Co.:
Acme Manufacturing Co., Reading,
Pa; American Saddle Co., Cleveland;
Ames & Frost Co., Chicago; Barnes
Cycle Co.. Syracuse, n. Y; Black Man
ufacturing Co., Erie, Pa; Buffalo Cycle
Manufacturing Co., Buffalo; H. A.
Christy & Co., Chicago; Cleveland Ma
Cycle Co., Toledo; Crawford Manufac-
turing Co., Hagerstown, Md; Co
iumbus Cycle Co., Columbus, o.; Craw.
ford Manufacturing Co., Hagerstown,
Nd; Columbus Bicycle Co., Colum bus,
o.; Tanning Cycle Co., Chicago; A.
Featherstone & Co., Chicago; Fay Man.
ufacturing Co., Elyria, o.; Geneva
Cycle Co., Geneva, o.; Gormully & JEFF
ferry Co.. Chicago; Grand Rapids Cycle
Co., Grand Rapids, Mich; Hart & Cool
ley Manufacturing Co., Chicago; Hart
ford Cycle Co., Hartford. Ct; Hartford
Rubber works, Hartford Ct; Indiana
Bicycle works, Indianapolis; In
diana Novelty Manufacturing Co.
Plymouth, Ind; indianapolis Chair
& Stamping Co., indianapolis
Indianapolis Rubber Co., Ind annapolis
Lamb Manufacturing Co., Chicope'
Falls, Mass; H. A. Lozier 81 Co., Cleve
IdnOs "A. II. MelSeIOdcu, MIIWdukec
Milwaukee Engineering Co., Milwau
kee; Milwaukee Manufacturing Co.
Milwaukee; Monarch Cycle Manufac
turing Co., Chicago; North Buffalo
Wheel Co., Bnffalo; Nuttal Manufac
turing Co., Nyack, N. Y; Peoria Rub
Der s. Manufacturing Co., Peoria, Ill.
Pope Manufacturing Co., Hartford, CT.
Shelby Cycle Manufacturing Co., Shel
by, o.; c. ]. Smith & Sons Co., Mil
waukee; E. C. Stearns & Co., Syracuse
n. Y; Sterling Cycle works, Kenosha
Wis; Slower Bicycle Manufacturing
Co., Freeport, ILL.,; Syracuse Cycle Co.
Syracuse, n. Y; George L. Thompsol
Manufacturing Co., Chicago; Vikin
Manufacturing Co., Toledo; Wester
wheel Works, Chicago; White SEWN
Machine Co., (bicycle Department. Cleve
land.
Star Pointers Great Mile Race.