The Maryville times. (Maryville, Tenn.) 1884-1944, 1916-06-29

Although he gave all his attention to the Chevrolet
after the loan, one of his lieutenants 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 a day. He had
shown so 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 never 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 was returned
to the control of the company he created
Motors always has paid per cent on its pre-
ferred. few months ago it paid SO per cent
dividend on the common and just recently the
common was placed on a twenty per cent year
per cent quarterly-divdend basis with very
good prospects Of melon cutting at the end of each
year.
General Motors today is doing business of
$120, 900 year. It's common stock is only
$14,0000000 and it's preferred SIG O0O,0 900. Every
financial forecast made by Durant as to the pro-
spectve earnings of the company or 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-
bilites than any other living man. 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 10000, 900 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
plants at Oakland, Calf St. Paul, MINI;
st. Louis, Mo-; Atlanta, Ga. 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
manufacturer, builder and distributor, Mr.. Du-
rant might have made fortune comparable to that
Of Carnegie in a few years if few with mon
ey could have the automobile business as he
saw it. He was in New York one day and had
that with HenryFord at the Belmont Hotel. Mr..