New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1911-06-09
AUTO NEWS Of THE DAY
Eaton Mcmillan, Denver Racer,
May Contest in East.
ROCKLAND COUNTY RACES
Lozier Motor Company Increases
It's Capital from S2,00O,O00
os3,OOO,0O0 for Expansion.

Fran, ont Of the West comes another speed
king who in the future may contest in the
East. The National company is now ne
got.ating with Eaton Mcmillan. the winner
Of the two hundred mile race on the Sable
rpeedway. near Denver. on May 50. for his
services in the future long distance events
that the National will enter Mcmillan.
While not an inexperienced driver, has had
little experience with one Of tie big blue
cars before this season. and his performance
in whipping off the victory in such record
tine oter the three and one-third miles
course shows that he has the markings Of
successful Ions distance driver
The dirt course was particularly hard on
tires. many of the cars in the light division
being obliged 70 change seven and eight
times. while Mcmillan drove his car in such
careful manner that very few stops were
made for this purpose
Prom tho very start there was never n
time that the Nationals chance for first
place was jeopardized. Lap after lap he
threw the biz machine around the dangerous
turns. maintaining a pace that put his near
CT COMPETITORS ont of the running. There
was never time that Mcmillan was obliged
10 open the throttle 20 the last notch, so
iifdA the nlNfi -fililf tl iiNlii CID OF WHICH
his car was capable was not called for The
tine was 80 30 while many laps were
done AT a seventy-fye mile an hour rate.
Mcmillan won $l,2O0.
Tho Rockland County. y Y. Driving
club will hold three automobile races on
July al the Oiangeburg track. There will
be one Tor 20-horsepower cars one for T.
horsepower cars and free-for-all race
rr a fo~- -,t- L. 4
the entries viii close on the day Of the races
a the track Edward Long Is chairman u
The committee. lie may be addressed before
that date al Pearl River. y. j. Silver cups
will be the prizes.
Stockholders Of the Lozier Motor Com
pany ~ a meeting on Monday afternoon
authorized an increase in the company
capital stock from $1,000. 200 TO 5000. 600
TIE increase authorized consists Of $500
90 IN : per cent cumulative preferred stock
and an equal amount Of additional common
stock. The latter Will not be issued al pres
ont.
The increase in capital stock Is FOR the
purpose II providing capital for an enlarge
ment OF manufacturing facilities made nee.
o. sarv through tho rapidlv increasing de-
uand for the LoZier cars and also for tn.
purpose OF bringing out and placing upOr
ne marFet the new line Of Lozier trucks
IL was announced AZ the meeting that the
first two samples # heavy duty LoZiel
trucks would be- completed within six week.
an deliveries commenced this fall.
According 10 tho statement ~ II. A. 10
ZiCr president of the company the $500 90,
Preferred stock VIII be secured by assets
amountinc 10 over five times that amount
Last August the net assets of the COMPANY
amounted TO $-.00000o. With the add
tonal capital the companys assets vii
amount 10 100000. The companys earn
inSs for The last year were more than eigh
. lines enough To pay the per cent dividend
on the new stock
Mr.. Lozier announced that business con
ditions were most satisfactory.