The Detroit times., 1910-12-31
1910 BANNER YEAR
/ IN COMMERCIAL
HISTORY OF CITY
Al Nuinher Of New Concerx> .csx.-
iZeu' capital Invested and Exten.
sions Made Figures Set New
Record.
|Ahaiysis OF Situation Shows, How
ever, That Field FOR Auto Industry
; Is About Filled.

analysis made by the Board OF Com
Il mefce OF the articles of association
hleu by manufacturing corporations In
% iSio shows that in This respect. as in
every other business line, the year
Just closing has been the banner one
IN the history OF The city. The pre-.
"A cedihg twelve months ranked among
M the best, but the 1910 figures surpass
UeVen the large totals OF that year. TIE
(tcomparson between the two follows:
- 1909. 1910.
accompanies incor-
tN porated .. 907 2l2
kYNdLliI author
sN ized ...........sto.estllO Sl2.7Os.5tJ
i2Cepital sub
scribed .......S 7.l16.99O S.aS2, 1856
capital paid in. ) I.6OC.397 G.679.576
Clu companies In
MI creased Capital 81 50
fH AmoGtN of in
N crease ........ 81 1925. 500 sIG,5l0.30o
~ The aggregate increase OF capital by
~ old comp MES was swelled in 1909 by
H the Packard Motor Cat Co.'S increase
n from $500 600 to $4,000, 900. represent
n Ing the growth OF number Of years.
r I'm 1910 there were only three increases
&of over $500, 600 each, and the totals
NJ did not aggregate S4,000000 In any
n one month. The unusually large ag.
NJ gregate was made up or many SUBJ
M stantial additions scattered through
81 out the year.
The number OF companies incorpor-
lated does not. OF course. represent the
Number actually established. Some OF
the companies are tentative or specu.
lative In their character. Some are
Incorporated OH the estimated value
Il OF a patent right. or on a model for
which a patent has been applied. and
others for the manufacture OF articles
known TO be marketable. but for the
manufacture OF which the owners have
y not the required capital Some of
Lkhese experimental interpretations ma.
terialize In productive industries; 9th
ers do not; the proportion Is probably
about the same from year To year. so
81 that comparisons based OH the actual
Hrecord would ordinarily hold good.
"a The assembling OF automobiles and
the making OF their parts and acces-
H1sories play, as usual, an important part
n In the articles Of incorporation and
Il the increases OF capital. This portion
u of the articles indicates that the UNI
4 precedented growth and large profits
y OF this industry have led to some
n speculative attempts. Among the
many companies which incorporated
during the year for the manufacture
gof automobiles and accessories there
twere 23 that started in with more ex.
spectations than cash. Their author
1xed capital aggregated $3.50, 900; of
tbs only $25.900 was paid in cash,
while 81 ,36l 900 is put uoun AS paid in
I"other property" this "other property"
Iconsisting chiefly OF patent rights,
models and drawings. or these COM
panies two found inducements in other
cities In the way OF free sites, bonuses,
etc, one started in Detroit but soon
came into financial straits, and four
+ others have started business in a
Il small way in this city. The rest seem
not to have sold sufficient stock TO go
into any kind of active operations. II
4 f. evident that notwithstanding the
large profits OF some OF the old con
Germs. Deti II people have not yet
gone Wild over automobile investment.
The articles OF incorporation add
again TO the great vari y OF products
for which Detroit is already noted. In
addition to many kinds of automobile
accessories they include new devices
in gasoline engines. aeroplanes and
their parts: motorcycles, electric
n stoves, fire-proof thing. metal castings
| of all sorts. general foundry works,
vacuum cleaners. chemicals, food
l products. toilet articles. tanning, and
| clothing in different lines.
The building construction in connec-
tion with manufacturing plants was
much greater tan In any previous
year Including Offices. warehouses
and boiler houses, as well as factories
| proper, the number Of struct res con
nected with such plants for which per.
mits were issued numbered 231. with
an estimated cost of almost 5000 goo.
or this, just about an even million dol
lars was for buildings connected with
automobile plants. These figures in
clude only construction within the city
limits. To the total should be added at
least 100000. beonging properly to
Detroit. but located Just outside the
city boundaries These include the
Office and new factory building Of the
Ford Motor Co and the large struc-
ture OF the Brush and ..iden-SampsOl.
companies I'm Highland Park. -
Lozier company a.. d some smaller
plants In the vicinity Of Mack.ave. and
Connor's Creek. anG number OF
plants In Hamtramc.- vnage. If =
troit embraced within s city limits
the populous adjacent villages whose
business is transacted with Detroit
capital its manufacturing building
record for the year would approximate
81. 900 900. its ofPsjal I. 'ustrial stats
tics would ha, e a substantial increase.
and I'm population II would be well
along in the half million class.