The Detroit times. [volume] (Detroit, Mich.) 1903-1920, 1915-11-22

is a continuance Of the management
OF General Motors. which has made
il so successful in the past few
years,
In connection with the resigna-
ton OF Thomas Neal as chairman
of the board OF General Motors.
while neither Mr.. Neal nor Emory
W Clark, the other local leader in
the big company, will discuss the
matter in any way, IL is the impress
sion among Mr.. Meals friends that
he stepped out largely because he
considered his work done. For five
years he has been in the thick OF
the reconstruction and coordination
which has been going on. Now the
big company is running like some
well-oiled piece OF machinery in the
hands OF entirely skillful and COM
petent operators and the RESPONSE
bilities Of the chairman OF the board
do not extend so very much further
than presiding over board meetings
which President Nash finds 1t incon-
yenient 10 attend.
Referring TO the control OF Gen
eral Motors, which II was an
nounced Mr.. Durant mad assumed
most interesting story, is told.
Last August meeting Of the ex.
ecutlve committee was held. TO go
over the figures OF the annual state
ment, the fiscal year ending on July
/. AT that meeting appeared Mr..
Durant, who announced that he had
again secured control Of the corpor-
alton. and proposed TO have a lead
ing voice in its management there
after.
OF course there is a lot OF Cen
eral Motors stock on the general
market. Thousands OF shares are
held by investors all over the coun-
try. and IL was pretty hard to YER
ify the statement made by Mr.. Dur
ant that he had secured control.
And II was equally hard for Mr..
Durant 10 prove his statement In
fact, It does not appear that he at
tempted any great amount OF proof.
II was evident to- anybody, how.
ever, that there had come into the
company at the Instance Of Mr.
Durant some eastern capitalists who
were not 10 be held lightly by any
body. SO there followed a series
OF conferences, the result OF which
vas the agreement TO raise the
number on the board OF directors
I from IA 10 II, and elect a sort Of
I compromise board. on which both
the old crowd" and the Durant in.
I terests would be represented.
( Al the annual meeting few days
/ ago, the change In the number OF
board members was put into effect
and the slate selected several
months ago was duly elected AS
for radical changes in the manage
ment Of the company, however.
there weren't any. and there Is moth.
ing 20 show that Mr. Durant and
las friends have any snch holdings
as will enable them 10 make any
lu the immediate future.
One significant point in connec-
lion with the matter OF control Of
General Motors Is the fact thai
neither q tie two companies in
which DIrant and his friends have
figured 10 largely In the past moath
or two. Chevrolet and Chandler.
seem 10 be any nearer merger Nth
the General Motors than they we're
I before the annual meeting The
tory was sent broadcast shortly
7 before the annual meeting that &C.
'ion would probably be taken al the
meeting looking 20 including The
80 companies IN the big concern.
40 such action mat rialized. and
it is thought that The prcsent man.
agcmcnt 81 General Motors, with
every constituent comLany making
money satisfactorily. will Be rather
slow to disturb fhe present com
bination And the present man
agcmcnt which is the same a. the
management for the past few years.
seems 90 be rather completely in
the saddle