Evening journal., 1916-05-06
GIGANTIC MOTOR
MERGER PLANNED
Pennsylvania R. R. and du-
Pont Company Officials
Named in the Deal
MANY COMPANIES
IN THE COMBINE

DEF ROIT, Mich, May 6.-lhe Michi-
gan Manufactures and Financial Record
IN it, ISSUE today announces that there
is boa process OF formation "the most 81
pontic combination of interests ia the
history of the automobile ndustry."
"ln capita aud number OF plants in
vol,ed." says the Manufacturer. "it Is
comparable only with the billion dollar
United State. steel Corporation. Conc
pletion of present plans now nearing
ffuition viii make Detroit and Michigan
The mqucsiioued automobile centres OF
the world.
Increased transportation facilities,
duo To the entrance into Detroit oi q
great trunk line which heretofore has
not entered this hdd. together with the
bringing of several industrial plants
with employees estimated at as many as
S00lO in number. are assured.
"lhc-c are some of the results which
will accrue from q series of conferences
held in Now York last week aud the
carly part of this week. al which prac-
tically all but the minor details of the
Immense transaction were completed.
Companies IN Combine.
"The automobile companies involved
ire:
Tho General Motors Company.
The Chevrolet Motor Company.
The Maxwell Motor Company, lncor-
porated
The Studebaker Corporation.
The motor manufacturing companies
involved are
Tho Continental Motors Company
The chevrolet Motor Company Of
Michigan.
"The newcomer in the transporta-
ton field is the Pennsylvania Rail-
road Company. Among the minor
companies which the Pennsylvania
Company Is expected 10 bring here
is the Lima Locomotive Works,
which now has a plant covering -
acres at Lima. o.
Long unsolved and the subject OF
myriad rumors and conjectures. the
final disposition Of the General Mo
tors Company and the Chevrolet
Company now is settled.
"W. c. Durant is to be the domi-
nant and commanding force OF The
automobile world. The DUPONT mil
lions and those other millions of cap
ltal which a glance al the director
ate Of the companies involved shows
now are interested in the industry
gives some idea of tho immensely o
the projected combination. Such
names as A. Barton Hepburn. Of the
Chase National Bank; Frederick
Delaheld l.. G. Kaufman. Louis Wort
helm. !. J. Storrow and Charles Sahil
indicate that the Morgan. Standar
oil. Guggenheim. Lee Higgison q Co
and other great powers the worh
M finance have given the force NJ thei
names and their energy TO the combl
nation.
"Tho entry Of Pierre DUPONT a
chairman Of the board indicated TIA
financial strength which Durant IN
brought To his affairs, and now tn
story is that Mr.. Nash has become a
enthusiastic supporter Of the Duran
policies and will remain active j
General Motors affairs until. at leas
The final merger is completed
Pierre S. DUPONT who is presidcn
n the dupont Company. was out Of ia
city today. He is interested financial
~ i'm the General Motors Company an
the Chevrolet Company. as also an
John J. Raskob and II. c.. Haskell VIII
are officials OF the DUPONT Compan
and directors Of the General Motor
Company. Their interest i'm the m'
tors company is entirely as indiviC
uals. and moi in behalf Of the duPor
Company. Il was explained today. tf
DUPONT Company as a company. ha'
ing no interest in tho General Motor
or Chevrolet companies. No stat'
ment could be obtained from the Wi
mingtonians named as to the rumoro
merger of motor companies.