The Detroit times., 1914-07-10

American Car & Foundry Co.
TO put on full force Of men.
The Studebaker corporation
plans to Increase the output OF
Its Detroit factory.
Investors over-subscribe for
stock in the Merchants National
bank.
spirit Of optimism is general
says John BaIlantyne, leading or
eanizer of the new bank.
Enthusiastically, the country is on
a sound basis" asserts Joseph
Mack, proprietor Of the Mack
Printing house.
Increasing evidence or returning
prosperity, indicating that Detroit is
about TO enter upon period Of boom
ing business, continues 10 present it.
self daily.
The Mack Printing house, a firm
which is devoted largely TO the pro
duction OF catalogues and circulars
for manufacturers and wholesalers
who do business on national scale
is putting out larger volume of pro
duct than ever before. According TO
Joseph Mack. its proprietor, his regu
lar customers are placing their orders
even earlier than usual.
The American Car e. Foundry Co,
whose Detroit plant has been practi.
cally closed down for several months
during which it has employed only
about 200 men, has announced that IL
will begin taking on more men next
Monday in order to be in position 10
fill the orders that are coming I'm, II
Is expected that before the week is
NHn w.la yrrfn }. ,fy,s. fgNl1
blast with about 1000 men on its
payroll
At the same time the Studebaker
corporation announces plans for the
enlargement of its factory: while a
large oper-subscription TO the stock
of the $3.50, 900 Merchants National
bank, which is being organized,
shows the faith of the investing pub
lie in the immediate financial future
OF the city.
"It is peculiar thing about this
hard times talk" said Mr. Mack 10
The Times, Thursday, that in each
case. at least those OF the men with
whom | happen to have come in con
tact, the particular individual doing
the talking raises a howl about how
bad things are. but adds that his own
exception TO the rule.
'They all seem to be exceptions.
That seems TO me to lend support 20
the argument that the dizziness OF re-
cent months has been psychological
one, OF course II may be that have
touched only one side OF the subject,
for you see we deal with the people
who actually are manufacturing and
selling products rather than with
those who are looking after the finan.
ciaH side OF industry. Industrially
speaking, conditions seem 10 be
SQUAD"
Man in financial circles, too. look
upon the present situation as very en-
couraging. The spirit of optimism
seems 10 me TO be general said John
Ballantyne, who is actively engaged
in the organization Of the Merchants
National bank, Thursday. Men who
see others going ahead are encour
aged to push their own affairs Big
crops are coming on and the railroads
are going TO have all the traffic they
can carry perhaps more. The coun
try certainly is not going TO the bow
vows"
- Insofar as our own affairs can be
taken as indication OF conditions gen
orally. they are very favorable. We
have received numerous letters and re,
quests for more stock in the new bank
Some OF them are for large blocks OF
shares coming from persons who had
already subscribed We have been
forced TO turn them down II we had
encouraged subscriptions instead OF
holding them in check. they would
have run two for every one that we
have accepted"
Mr. Ballantyne and his associates
are busily engaged in working out the
detsffs of the banks organization
They hope 10 be ready to- open IL for
business in August
officials OF the Studebaker corpora
ton not only deny the rumor that the
concern was TO quit Detroit. but as
sert that its plant will be enlarged
President Benson The company
has no intention OF leaving De
troit Instead we are planning
for an increased production, en-
larging our manufacturing facil
tiles. and will either lease or erect
additional factory buildings. We have
Just leased, for a term Of years, the
plant OF the American Harrow Co
which will give us 100000 square feet
Of AIDED nOOr-Space.
The Soithbend factory OF the com
pany N doing some Of itH automobile
manufacturing, Mr. Benson said mere
~ because the business had grown toe
last for IL all 10 be taken care OF in
Detroit
The large amount Of building going
On in Detroit continues 70 keep MP
Construction work will BE begun next
week on an addition TO the Offices oi
he Peoples state bank on Congress
md Shelby.sts The building which
las bern designed by Donaldson and
Meier will be similar 10 the banks
present buil8ng in height.a interior
inish II costs viii be Adopt S275.O 0(
,r $500 900.
The contract for enclosing the build
ng has been let 20. the George A. Fli
er Co. or New YORK. which "a now
erecting the new Statler hotel here
r. The cities OF Tim and Frankfort. II
Germany, are trying a novel plan FOL
housing their teachers, They are sell
iDg 10 their teachers land at a low
price and accepting a mortgage on !
A. Iow interest