The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-04-08
U. S. MOTOR Co. TO
ABSORB THE BRUSH
Brokers' Circular Makes Announce,
ment, But Local Firm Says Deal
Is Not Concluded.

According TO a circular being sent
broadcast among financial men by
\ Dudley A. Tying a Co, big Chicago
brokers. iii answer to many inquiries
4 for detailed information as to the
newly organized United States Motor
CO., that concern has absorbed the
Brush Runabout Co, OF Detroit. While
this is denied In the ONCE OF Frank
B1scoe president OF the Brush Run
about Co., II is admitted that the coil-
Iany probably viii be absorbed" In
the near future
In, automobile circles generally, the
Brush Runabout is considered one OF
the best propositions going. Its sue
cess has been phenomenal and only
recently the company moved into an
extensive new plant in Hamtramck
l'he output of the plant this year will
be about 10000 cars. II is estimated.
Frank Briscoe. president OF the
brush. is brother OF Benjamin Bris.
zoe, president of the United States
Motor Co. Rumors OF the purchase d;
the local plant By the United Co. have
been In the air for several weeks, hav-
ing had their origin In the visit OF
benjamin Briscoe to- Detroit in jan
nary. just after the United States Mo-
tor Co. was formed The story at that
time was denied by both Benjamin and
Frank Briscoe.
The Brush car has proved one Of the
most popular OF the little cars on the
market. II was the pet design Of
Albert p. Brush, probably the foremost
designer IN the business, WHO IS now
chief engineer OF the General Motors
Go.
The officers OF the Brush Runabout
Co., besides Mr. Briscoe, are: Vice
president, John A. Boyle: secretary.
Frederick A. Harris; treasurer, Emil
d. Moessner, ... ..
The brokers' circular referred to-
which purports To deal only with facts
aud figures. makes no qualification or
the statement that the Brush has been
absorbed.
The company UNITED States Motor
Coz now controls rhe Maxwell-Briscoe,
the Columbia and the Brush Run
about" 1t reads Negotiations are
pending for other companies, and IL
has been reported that control OF the
Ford has passed to the United States
Motor Co.. this information, however,
cannot be confirmed"
The only data available as to earn
ings. IL Is stated. are the earnings OF
the Maxwell Brlscoe Co.. which are
given. From s302.20414. in 1905. the
net profits increased to $1,0ls,SS2.47
for the year ending Aug. 81. 1909.
Business ;or the year ending Aug. 81,
1910, Is estimated at $10,265,000. and
the estimated net profit Is S1.600,000.
The actual and tangible assets OF the
Maxwell-Briscoe on Jan. l, 1910, were
upward Of $3,230.000.
ARRANGEMENTS already made for
production for the fiscal year follow
ing the present one will result in the
manufacture OF over 10000 automo-
biles by only two of the constituent
companies,Y the circular continues.
"the net profits on which should bo
over $4,000, 900; and upon this basis
earnings of 20 per cent to 80 per cent
can be conservatively estimated on
the common stock. ------------.----s.-
"Inasmnch as the one Offering CT
srock- by the company was so largely
over-subscribed, il is difficult to secure
data. II is reported that the common
stock will be placed on a per cent
basis not later than Aug. l. Inasmuch
Go the Columbia, one OF the constitu-
ent companies of the United States
Motor Co, owns the -Selden patents,
the possIbility Of earnings in the
United States Motor Co. can be read
lily seen" "~n --
The United States Motor Co. has
sn authorized capitalization of $1,000
0Oc preferred Z Der cent cumulative
stock ami SS,000,000 common stock.
tl1 mar value NJ all shares being 300