The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1910-04-09
]. S. MOTOR CO. To
ABSORB THE BRUSH
Brokers Circular Makes Announce
ment, But Local Firm Says Deal
Is Not Concluded.

According 10 a circular being sent
broadcast among financial men oy
Dudley a. Tying & Co. big Chicago
brokers. In answer 10 many inquiries
FOR detailed information as 10 the
newly organized United States Motor
Co, that concern has absorbed iie
Brush Rdnabout Co. or Detroit. While
THIS is denied in the Office OF Frank
Brscoe president OF the Brush Run
about Co, II is admitted that the com
ANY probably viii be absorbed" IL
the near future
In automobile circles generally. The
Brush RunaDout is considered one G.
the best proposit ,ons going. It's sue
cess has been phenomenal and ouly
recently the company moved into m
extensive new pant in Hamtramck.
The output of the plant this year VA
Se about 10000 care IL Is estimat'G
Frank Briscoe, president OF III"
brush. is n brother of Benjamin Bris
roe, president Of the United States
Motor Co. Rumors CI the purchase ~
the local plant b. the United co, have
been in the air for several weeks. hay
ing had their origin in the visit or
benjamin Briscoe 10 Detroit in Jan
nary. just after Inc United States No
tor Co was formed The story at that
time wae denied 10y both Benjamin anc
Frank Briscoe.
The Brush car has proved one of the
most popular OF the little cars on the
market. II was the pet design ot
Albert p Brush. probably the foremost
- h.. - ~ ~
chief engineer OF the General Motors
60.
The officers OF the Brush Runabont
Co. besides Mr. Briscoe, are; Vice-
president, John A. Boyle: secretary
Frederick A. Harris; treasurer, Emil
d. Moessner.
The brokers circular referred t.
which purports to deal only with facts
aid figures. makes no qualification OF
the statement that the Brush has been
absorbed.
The company Omitted States Motto
Coz now controls rhe Maxwell Briscoe
;he Columbia and the Brush Run
about" IL reads Negotiations are
pending cor other companies, and y
mas 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
mgs II is stated, are the earnings oi
the Maxwell-Briscoe Co, which are
eiven. From s303.2O4.1i. in 1906, the
let profits increased to- Sl,0lS.SS2.4i
for the year ending Aug. 81. 1909.
BUSINESS sor the year ending Aug. 81,
1910. is estimated at s10265.000. ana
The estimated net profit is sl,600,OOo.
The actual and tangible assets OF the
MAXWELL Briscoe on Jan. /, 1910, Were
upward Of s3,230.000.
ARRANGEMENTS already made for
production for the fiscal year follow
.ng the present one will result in the
manufacture of over 10000 automo-
biles by only two of the constituent
conApanies." the circular continues
the net profits on which should be
over $4,000 700. and Upon this BASIS
earnings OF 90 pei cent 70 30 per cent
can be ieonservatively estimated on
the common stock.
'Inasmuch as the one offering CT
stock by the company was so largely
over.subscrlbed. it il 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
a. 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"
The United States Motor Co. has
sn authorized capitalization of $4,000
0Oc preferred per cent cumulative
stock and ss.000,000 common stock.
,he mar value of all shares being 800.