Los Angeles herald. [microfilm reel] (Los Angeles [Calif.]) 1900-1911, 1909-07-29
AFFAIRS OF AXLE
COMPANY FLOURISH
DIRECTORS MAKE HOPEFUL
REPORT
Two Cars Already Equipped with
Patented Differentlal Axle Give
atsfaction-Future
Bright

Affairs of the American Differentia
Railway Axle company, owner OF
patented car axle which, 1t is said, vii
reduce wear and strain on wheels
axles and roadbeds. are in excellent
shape according to a report made the
stockholders by the board of directors
| yesterday.
This report, which was submitted by
President James M. Auery, is in part
as follows:
1.-THE directors beg to submit to the
stockholders their report for the year,
and to congratulate them upon the al
most unprecedented advancement of
their principal asset, namely, the Sea-
brook Box differential railway axle
coupler, owned Jointly by the Ameri-
can Differential Railway Axle COM
pany and the SeabrookBoX Diferen-
tial Railway Axle company.
Great credit is due the Western En-
cheering company for making such
complete success of the first oil-tank
car No. 96307 and the first electric car
No. 6, which are now in service. The
directors consider that the arrange
ment made with The Western Engi-
neering company by your board or the
previous year was very good one; the
arrangement gave the Western Engl-
neering company the exclusive agency
and 2,50O, 900 shares of the capital
stock of the company, out of which
they disbursed the stock to those en-
titled to it in the old company, ana
have been and are financing the work.
Under this arrangement there will re-
main in the treasury of the Seabrook-
Box Differential Railway Axle COM
pany an amount of stock equal to the
amount of stock remaining in the
treasury of the American Differential
Railway Axle company from time to
time as the stock of said American
Differential Railway Axle company
might and would exist, as the same
is sold or otherwise disposed of, it
being the understanding, also, that the
stock of the Seabrook-Box Dlfferentlal
Railway Axle company is to be issued
to future purchasers of stock OF TINS
company who shall place their STOCK
in escrow as the present holders have
done, as an inducement to keep such
stock in escrow until such time as this
corporation is fully financed.
1--WE think it essential that the stock
be still held in escrow until the axle
company is fully financed in accord
ance with the terms of any contract
or agreement which may, as heretofore
suggested, be drawn up by the Amer
lean Differential Railway Axle COM
pany and the Western Engineering
company 0ncorporated) as fiscal
agents of the company, to the effect
that when all cars now ordered are
equipped (this to include train of
not less than so cars), and when the
work Is completed and paid for, then
the company shall be considered nm
anced, and the escrowed stock returned
to the respective owners
1.-THE directors appreciate the pusl
ness which has been entrusted to them
in the past year, and with the con-
tinued good wishes of both axle COM
panies and the Western Engineering
company they feel convinced the
furtherance of the axle device is as
sured and it is for the best interest
of the directors and stockholders to
support The Western Engineering COM
pany by assisting them in every way
possible"
with the report is a signed statement
from a large number of persons COM
mending the axle made by this COM
pany and now in use on a street rail-
way car operated by the San Ber-
nardino Valley Traction company. This
is the first street railway car ever
equipped with a differential axle. Santa
re oil-tank car No. 36307, equipped
with the Seabrook- Box Gifferential
railway axle coupler has been in opera
ton between Olinda and Victorvllle,
Cal, since March II, 1909, and is Civ
ing perfect satisfaction, showing no
beam stress or wheel fiange wear.