The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1911-01-27
|7HOs. NEAL NAMED
! HEAD Of GENERAL
MOTORS Co.
well-Known Detroit Manufacturer
Chosen President Of Giant Concern
/. By Directors in Meeting In
I New York Today.
Managerial and Manufacturing Head
quarters To Be Here-Gross Assets
Now Close To 100000.

II was announced In Detroit, Thurs
day afternoon, that In a meeting oil
the board OF directors Of the General
Motors Co., in the banking quarters
Of sthe Central Trust Co.. of New
York, at noon, Thomas Neal. OF Dc
troit, was chosen president of the
General Motors Co. Mr.. Neal thus
becomes the active head Of this large
organization. which, from the stand
, point OF the amount OF capital In
vested In It's various plants, and the
volume OF its business, Is probably
the most important in Detroit or
Michigan.
This step is merely one In further
ance of the plan which was con-
templated at the time the control OF
the company was taken over by east
ern banking interests. to, as soon as
an experienced manufacturer accept
able to the board OF directors could
be secured, place him In charge as
the chief executive. Since that time.
the condition of the General Motors
company has been most healthy
one. II is stated. on the highest
authority, that the gross assets OF the
General Motors Co. now approximates
$50. 000, 900, scattered in varying
amounts among the twenty or more
Independent concerns which are con-
trolled and dominated by IL. Tie
amount of sales for the coming year,
based upon the business done in
prior years, will exceed $60,000.000.
The selection OF Mr.. Neal Is not
only a compliment to him, but also
to Detroit. For the past three
months, the directors have had un.
der consideration the names OF some
OF the most successful and prominent
manufacturers !, in the United States
for this position.
Mr.. Neal will, of necessity, devote
most of his time to the demands OF
the General Motors Co.. but 1t Is I'M
derstood that by reason OF his con-
nection with the Acme White Lead
&c Color Works from it's very origin,
he will continues to serve In an I'M
portant advisory capacity In the AZ.
fairs of that company.
Mr.. Neal has evolved system In
connection with the affairs OF the
Acme White Lead & Color Works.
including an operating board OF man.
agers and Q finance committee, as
result OF which he Is enabled to keep
In close contact with that company,
although assuming the new duties OF
president OF the General Motors Co.
His ability to organize has especial
~ qualified him for the head OF this
concern and undoubtedly attracted
and influenced the eastern interests
In the selection.
! James T. Shaw, of j. 8. Lapham
& Co., has been recently appointed
treasurer of the General Motors Co.,
and will enter upon his duties Feb. 1.
The selection Of Mr.. Neal and Mr..
Shaw is understood to be q forerun-
ner of announcements OF equal i'm
portance In connection with the
choice OF other wellknown and repre-
sentative men in the industrial and
financial circles for other important
offices In the organization Of the Gen.
erai Motors Co. When the full com.
plement of officers shall have been
chosen and the various plants and de-
partments of that company working
as planned. the organization win IN
doubtedly be among the largest and
efficient of any Industrial organization
in the United States.
The headquarters Of the General
Motors Co. have been definitely estao-
lished in Detroit and the Offices are
now being prepared. That the head
quarters of the General Motors activi.
ties. both managerial as well as manu-
featuring, should be located in De-
troit. is most potent step In main
tanning Detroit as the great center OF
the automobile industry of the world
James ]. Storrow, of Lee, Higginson
e Co., will continue as permanent
head of. the finance committee, in full
charge of the fiscal operations Of the
company.