The Maryville times. (Maryville, Tenn.) 1884-1944, 1916-07-13
All Who Are Interested In
TheAutomobile World, See What's Doin
WILLIAM G. DURANT, Master Man of the Motor World

Although he gave all his attention to the Chevrolet
after the loan, one of his leutenants, Charles W.
Nash was president of the General Motors. Nash,
who had been a farm hand, had come to Durant's
carriage factory and worked for So day. He had
shown much native ability and skill that he had
been promoted first to be foreman and then SUI
perintendent of the Durant-Dort Co. Nash was in
that position when Durant lifted him up to the Cen
eral Managership of the Buick.
In the five years that the General Motors was
under the voting trust Mr.. Durant sold
share of the stock. Neither did any of his friends
1t declined to 80 When the notes were paid in
full, last October he bought back at 500, shares
that had been offered to him at 80
Barring Bethlehem Steel there is nothing in
recent stock market history to compare with the
tremendous appreciation in the value of General
Motors stock. From 80 it climbed to 558. At the
recent annual meeting, Mr.. Durant returned
to the control of the company he created.
Motors always has paid per cent on its pre-
ferred. A few months ago it paid so per cent
dividend the common and just recently the
common placed twenty per cent year
per cent quarterly-dvidend basis with very
good prospects of melon cutting at the end of each
year.
General Motors today is doing a business of
$120 900 900 year. It's common stock is only
$4,000, 900 and it's preferred $4,000 ,OOO Every
financial forecast made by Durant as to the pro-
spective earnings of the company any unit of it
has been verified and more than verified. Every
forecast he ever has MAIDEN regard to the develop
ment of the automobile business itself has been
verified and more than verified. The automobile
call him the wizard. They credit him with
knowing more about the automobile and it's posi-
bilities than any other living He has greater
plans for the General Motors than in the past. AS
a part of this plan he proposes to make Chevrolet
the head of all his automobile interests General
Motors stock being exchanged for Chevrolet on a
basis of one share of General Motors for five of
Chevrolet. Chevrolet has $80,O0O,0O0 of common
stock. There is no bonded Indebtedness.
The Chevrolet company itself is young giant.
Although only two years old it is shipping cars to
every part of the world. 1t hardly can keep up
with it's expanding demands. There are nine units
to the concern. There is the Chevrolet Motor Com
pany, of Delaware, which is the holding company
There is the Chevrolet Motor Company, of New
York, with plants at Tarrytown and New York City,
There is the Chevrolet Motor Company, at Flint
where there is an enormous plant. Then there are
proposed plants at Oakland, Calf; ST. Paul, MINI;
ST. Louis Mo-. Atlanta, Ca; Dallas, Tex; and Osh-
ava, Canada
Talk about romance and money, there is moth
ing like the automobile trade for furnishing them.
Aside from the tremendous profits he has made as
a manufacturer, builder and distributor, Mr.. Du-
rant might have made fortune comparable to that
of Carnegie in few years if few men with
ey could have seen the automobile business as he
saw it. He was in New York one day and had
chat with HenryFord at the Belmont Hotel. Mr..