The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-12-31
1910 BANNER YEAn|
IN COMMERCIAL
HISTORY OF CITY
In Number of New Concerns Organ.
lied, Capital Invested and Exten.
sions Made Figures Set New
Record.
Analysis of Situation Shows, How.
ever, That Field for Auto Industry
Is About Filled.

merce OF the articles OF association
filed by manufacturing corporations In
1910 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-
ceding twelve months ranked among
the best, but the 1910 figures surpass
even the large totals OF that year. The
comparison between the two follows:
Companies incor-
porated ...... 2O7 2l2
Capital author
Capital sub
scribed .....S 7I=6g9O $3.50 asa
Capital paid ms 4,eO6.as7 5 o.s7s.57s
creased capital 81 So
Amount OF in
crease ........ s16.32s. 500 s16,510,300
The aggregate increase of capital by
old companies was swelled in 1909 by
the Packard Motor Car Co.'S Increase
from $500, 900 to $4,000 900, represent
ing the growth OF number OF years
In 1910 there were only three increases
of over 100000 each. and the totals
did not aggregate $4,000 900 in any
one month. The unusually large ag-
gregate was made up OF many sub
stantial additions scattered through
out the year.
The number OF companies incorpor-
ated does not, of course, represent the
number actually established. Some OF
the companies are tentative or specu-
latiye in their character Some are
incorporated on the estimated value
OF patent right, or on a model for
which patent has been applied, and
others for the manufacture of articles
known to be marketable, but for the
manufacture OF which the owners have
not the required capital Some of
these experimental interpretations ma
terialize in productive industries; 9TH
ers do not; the proportion Is probably
about the same from year to year
that comparisons based on the a.
| record would ordinarily hold go
The assembling OF automobiles
the making OF their parts and
sorles play as usual, an important
In the articles OF incorporation
the increases OF capital This poi
OF the articles indicates that the
precedented growth and large prom
OF this industry have led to soma
speculative attempts. Among the
many companies which Incorporated
during the year for the manufacture
OF automobiles and accessories there
were 20 that started in with more ex-
0ectations than cash. Their autnor-
izedw capital aggregated $3.50, 900; OF
this only $25.900 was paid In cash,
while 81 1861 900 Is put down As paid in
other property this other property"
consisting chiefly OF patent rights,
models and drawings. OF these COM
panies two found inducements in other
cities In the way of free sites, bonuses
etc, one started In Detroit, but 500
came into financial straits, and TO
small way in this city. The rest seem
not TO have sold sufficient stock TO go
into any kind of active operations. 1t
is evident that notwithstanding the
large profits of some of the old con-
Germs, Detroit people have not yet
gone wild over automobile investment.
The articles of incorporation add
again to the great vari ty 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
stoves, fire proof thing. metal castings
OF all sorts, general foundry works.
vacuum cleaners, chemicals. food
products, toilet articles, tanning, and
clothing In different lines.
The building construction in connec-
ton with manufacturing plants was
much greater than i'm any previous
year Including offices, warehouses
and boiler houses. as we'll as factories
proper, the number OF structures con-
nected with such plants for which per-
nits were issued numbered 231. with
an estimated cost OF almost 5000, 900.
OF this, just about an even million dol
lars vast or 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-Sampsoh
companies IN Highland Park. -,
Lozler company I'D some smaller
plants In the vicinity OF Mack.ave. and
Connor's Greek. and number OF
plants In Hhmtramc" vniage IL e.
troit embraced within IS city limits
the jojpyops adjacent villages whose
business IN transacted with DetroiS
capital It's manufacturing busilding
record for the year would approximate
81, zoo. 900, and In population II would
be we'll along In the halr million class.
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