Alma record. (Alma, Mich.) 1878-1928, 1916-08-24
LOCAL MEN FILL OFFICES
G.. H. Burr of New York Elected
Director of New Company
at Recent Meeting

A complete reorganization OF the
Republic Motor Truck Company of
ihis city under the laws of the state
of New York was furthered in New
York City last week. The papers of
organiza ton provide for slight al
teration in the name of the company,
an increase in capital stock and
directorship of five men instead OF
seven as was found under the old
organization. +. w. Ruggles, Charles
G. Rhodes, Thomas A. Burt and Geo.
W. Moore, who have been prominent
IN connected with the concern since
its first organization, represented the
ccmpany's affairs at the reorganiza-
tion meeting in the east.
With few slight changes the di-
rectors and officers of the new COM
pany are the same. f. w. Ruggles
will head the company as president
and general manager. Thomas A.
Burt and Francis iKng, were elected
vice presidents, Geo. w. Moore treas
urer. and Charles G. Rhodes, secre-
tary. George II. Burr was made a
director of the company. Mr.. Burr
of the George Hs Burr & Company,
ar investment. securities company,
holds a prominent position in tinan-
cial circles not only in New York, but
throughout the country. 1t is under
stood that Mr.. Burr will have charge
of the company's affairs in the east
Under the new organization the
company will be known as the Re
-
and will have a capitalization of ST.
100000. per cent cumulative pro-
ferred stock and 62.500 shares of
common stock. AT present $750,OOO
has already been issued and paid into
The company
The three years history of the Re
public Motor Truck Company is pro-
nounced by authorities in the indus
trial world as one of the biggest sue
cess that has yet occurred IN the
motor truck business. In July 1913
the Alma Motor Truck Company was
organized with a capital of $4,000.
i year a half later the company
raised its capitalization TO S25O,OOO,
which was followed in September of
the same year (1915) by another
raise which placed the company's
capital at half a million. The first
six months following the organization
of the Republic company saw 90
trucks sold to the trade. This number
has been doubled, tripled and thrice
tripled in an effort to meet the de-
mand. During the first six months
of 1916, 5000 truck were sold. The
Republic has representatives in prac-
tically every country in the world,
who are constantly calling for more
trucks stating that it is impossible to
keep abreast of the trade.
The company has expended on
buildings and equipment during its
three years of life approximately
100000. At present there are 700
employees on the pay roll and with the
completion of the new half ton truck
plant. which is now under construc
ton. from 300 TO 500 men will be ad-
ded before the beginning of the year.
At a meeting of the stockholders
held in this city previous to the re-
+. organization in New York 20 per
ceit dividend was declared, 10 per
cent to be paid now and the remainder
at a future date. A motion was also
passed by the stockholders transfer
ing all the stock of the old company
tc the new organization.
Figures taken from the pay roll of
the Republic Motor Truck Company
. and given out with authority by e..
NJ. Orr, indicate that the bonus sys-
tenn, recently adopted by the company
TO increase the individual efficiency Of
the men and at the same time increase
the output, is successful thus far in
the various departments where 1t is
actually being worked. MI. Orr states
that the men are taking very kindly
10 the plan and daily appreciating
what the system is doing for them.
The bonus system will be gradually
installed in all the mechanical depart
ments of the factory.
The bonus system has been work
ing about a month at the Republic
factory and during that period the
bonuses have been gradually increas-
ing. At the first pay day two weeks
following the installation Of The sys-
tenn the factory paid out $37.2S in
bonus money. They pay checks last
weS showed that Sl99.77 was paid
TO the men above their regular wages.
This is an increase Of Sl62.49 in
twelve DAYS time The highest bonus
paid 70 any of the men was S1709
for two weeks Many of the employ
es made $40, $l2 and SIS while others
were only able to reach SO and 81
over their wages.