The Providence news. (Providence [R.I.]) 1891-1906, 1903-05-14
BICYCLE
TRUST
GOES OUT
Pope Manufacturing Co. Buys
Ont the American BiCycle Co.
for S3,500,000.

New York, May li.--Ionay I ne blc!Cle
Trust" as the American Bicycle company
has been known. becomes truly defunct.
as far as its having any further influence
In the bicycle business is concerned and
a new regime is begun by the recently or
ganized Pope Manufacturing company,
which, with its capital just increased to
s22, 500, 900. holds all the working assets of
the American Bicycle company, and VIII
henceforth run the business.
The Pope Manufacturing company
bought from the parent concern, the
pany for .0OO. the sale being made oy
the receivers. on the approval OF the
court. and all that remains of the trust is
some odds and ends of realty and stock
affairs in the hands OF the receiver.
The Pope Manufacturing company
bought fro mthe parent concern, the
American Cycle Manufacturing company,
the International Motor Car company.
and the Federal Manufacturing company.
the last being the parts making branch.
With these in hand and everything
ready. the Pope Manufacturing company
starts Its new career today with Colonel
Albert A. Pope at its head.
To reporters Colonel Pope said: start
ing now. at a time OF year when bicycle
manufacturers usually owe LOT OF
money. we are free from debt, have
plenty OF capital and a determination 10
restore the bicycle 10 the place where II
belongs. Bicycling has run down. OF
/ course IL has, when those I'm charge did
everything they could to Kill 1t. They
made the cheapest and traSh;sat sort OF
/ wheels and would not adTe-tise. and hal
10 sell without profit
BUSINESS PRINCIPLES.
I've will do business N business orin
cia'es and you can be sure there are not
roing 10 be any more bic|clts made AT a
.oss II We did that we would not have
/ ary money with which TO advertise, ana
I never shall be entirely happy until ]
am once more the biggest adVer,lser IN
America. If you have good thing you
have got 10 let the people know Il ana
Ike, y II before them.
II haven't any cut and dried plans.
II had I would not give them away
Let me then say briefly that ! prefer
to stand on fufilment rather than prom
ise. What have done is the best as
surance ] can give of what | VIII try
TO do or am likely 20 do have sought
turing and selling business on sound
business principles. have tried to let
/ no chance slip to promote and expand II.
"I have worked year after year tor
the extension of good roads. and tried
to forward in every way the interests
Of the League OF American Wheelmen
and of riders generally in every country
l am not worrying over the sickness oi
the BICYCLE business. A healthy recovery
/ % ui sense
treatment The bicycle is indispensable
n will carry weight with less resistance
and travel faster with less power thar
any other form OF vehicle. Out of fash
ion? Who put II out? It's standarc
thing now-not the novelty that attract'
for feeting season.
STILL IN FASHION.
Were Prince Henry OF Germany anc
his wife ruled out OF fashion the othe
day when they were riding two new Am
ericsn made bicycles In one of the Ber
|, lin public gardens. and were held up fo
running their wheels on the Sidewalk
out OF the mud? Was there ever so oil
an attendance at bicycle races as ther'
was In Madison Square garden IN Dec
) ember at the six day contest?
In reply TO questions Colonel Pope sai'
; he proposed to do more work for goo'
All the brands OF BICYCLES now bein,
made all continue 10 he manufactured
but the different factories will be mana
ged on competitive basis. The Pop
. Manufacturing company will, he said
have a racing team on the circuit tn!
year and encourage the sport In othe
ways.
, lie prophesied the completion OF tn
New York and Chicago highway, sal
: the day .s not far distant when the hors
will be missing from the streets and men
toned II as hope OF his to see an ele
waited roadway around Manhattan for III
use OF bicycles automobiles and pedes
: trians. win paths on It exclusive 10
each class OF light travel, all the vehi
cles on the path moving III the same II
rection and no limit as To speed.
He said as Z is now the tail end OF tn
] season for manufacturers TO sell tha
! the big advertising OF the company wou
: not be begun until next year, but tina
; ''ag end OF the season as IL is, there vi
! he more done than there was by the trus
altogether"