The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1899-09-01
A GIGANTIC BICYCLE TRUST
PERM1NENT ORGINTZITION COM
PLETED IN NEW YORK.
A. G. SpauIding President and Col.
George Pope First Vice-President-All
the Leading Concerns of the Country
Aretn the Combine, Including All the
Pope Interests in Hartford-The Issue
of Stock.

New York, Aug. 31.-The American
Bicycle company completed its perma-
nent organization to-day by the election
of the following officers and directors
Albert G. Spalding. president; Colonel
George Pope, first vice president; j. e.
Bromley, second vice president; A.
Garford, treasurer; G.. w. Dickerson,
secretary. Directors: Albert G. Spald-
ing, Seabright, N. j.; Colonel Albert A.
Pope, Boston; A. Featherstone, Chi
cago; E. c. Stearns, Syracuse, N. y;
r. S. Crawford, Hagerstown, Md. :;
Charles L. Ames, Chicago; r. Philip
Gormully, Chicago; Harry A. Lozier,
Sr, Cleveland. The others of the per-
manent board of directors, which will
consist of fifteen members, will be Sc
lected at a subsequent meeting.
For the purchase of the various plants
which include the Oldest and most
prominent bicycle concerns in the Unit
ed States there will be issued $l0,000,-
900 per cent. twenty-year gold deben
ture bonds; $10,000,O0O per cent. pre-
ferred stock and $20,000,000 common
stock leaving in the treasury ample
means for the purchase of such addi-
tional plants as may be desirable and
for the extension of the business, espe-
cially in foreign countries The manu-
facturers have taken all the $4,000 900
preferred stock and the $2,000,000 COM
mon stock and have subscribed for
substantial part of the debenture bonds
The members are very enthusiastic
about the future prospects of the COM
pany and most of them announce their
intention of holding their stock and
bonds as permanent investment.
The following concerns have been
purchased by and have become part of
the American Bicycle company: Acme
Manufacturing company, Reading, Pa;
American Saddle company, Cleveland;
Ames & Frost Co., Chicago; Barnes
Cycle company, Syracuse, N. Y; Black
Manufacturing company, Erie, Pa;
Buffalo Cycle Manufacturing COM
pany, Buffalo, N. Y; H. A. Christy &
Co., Chicago; Cleveland Machine Screw
company {steel ball and stamping de-
partment) Cleveland; Cotton Cycle
company, Toledo. O.; Crawford Manu-
featuring company, Hagerstown, Md.
Columbus Bicycle company, Columbus,
O.; Tanning Cycle company, Chicago;
"a. Featherstone & Co., Chicago; Fay
Manufacturing company, Elyria O.;
Geneva Cycle company, Geneva, o.;
Gormully & Jeffery company Chicago;
Grand Rapids Cycle company Grand
Rapids, Mich; Hart & Cooley Manu-
featuring company, Chicago: Hartford
Cycle company, Hartford, Conn; Hart
ford Rubber Works, Hartford, Conn;
Indiana Bicycle Works, Indianapolis;
Indiana Novelty Manufacturing COM
pany, Plymouth, Ind. indianapolis
Chain and Stamping company Indian
apolis; Indianapolis Rubber company,
indianapolis; Lamb Manufacturing
company, Chicopee Falls, Mass; H. A.
Lozier & Co., Cleveland; A. D. Meisel-
bach, Milwaukee; Milwaukee Engineer
ing company Milwaukee,; Milwaukee
Manufacturing company, Milwaukee,;
Monarch Cycle Manufacturing COM
pany, Chicago; North Buffalo Wheel |
company Buffalo, N. Y; Nuttall Man
company. Nyack, N. Y; Pc |
oria Rubber and Manufacturing COM
pany Peoria, ILL.,: Pope Manufacturing |
Hartford, Conn; Shelby Cy- |
Gle Manufacturing company, Shelby, |
o.; C. H. Smith & Sons company, Mil |
waukee; E. c. Stearns G. Co., Syracuse |
N Y; Sterling Cycle Works, Kenosha |
Wis; Slower Bicycle Manufacturing |
Freeport ILL.,; Syracuse Cycle
Syracuse N. Y: George l.. |
Thompson Manufacturing company,
Chicago; Viking Manufacturing COM
pany, Toledo O.; Western Wheel
Works, Chicago; White Sewing Ma
Cleveland