New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-11-12

amt
that way. HH
hen what have you got2 How are you covcredp"
We've got estimates and prices
Have you placed the orders. them
Well take the stuff as need it. quotes u nx
this and that for given quantity and need we ord
the stuff
But cant he change his pnce2
What of thap" said Mr., Campbell very impatient, son.
things go up and go down You make what you h.
another But why do you want this information"
It's very important said Since you first adverS.l
that you could produce a sell for 1896 and make pro
500 prices have been advancing fast especially steel and m
prices Basic products have than doubled va.
Wages also have been going up Your profit governed BY H.
difference between what for parts and materials and w
get for the parts and materials up profit m
fall IF you have covered yourself with then you h
made of the margin Of profit and that would be big asset
We can do what we say. said Mr. Campbell CAVITY
take my word for itp
We have to give our word said and can't do IL,
unless the proof Show the estimates haven't any
contracts Show us the correspondence with the makers Of yo
parts and materials
Mr. Campbell became final You have right to ask or
that information and going give to That.
tied. Now go o something else
IF we cannot find the material with which you going to
construct the cars said then let consider the facilities you
have for constructing them provided you get the materials W.
that aside We have the Kingston plant 1t unequppd
except for power Some working about painting and
cleaning up isn't plant 1t has motor assembling
equipment In short all the motor producing plant and equip
of the Emerson Motors Company that have been able
find would represent very moderate nvestmentsay the
side 900 That high This November You under
take reach year production of 10000
Where and how2 When will the Kingston plant begnp"
When have invested $4,000 in machinery shall b.
ready to begin at Kingston said Mr. Campbell BY the middle
of spring we ought to be producing 1000 cars month
That the of 900 year. To get profit
$50 you have produce at the rate of 80
What will be profit per with production the
10000 year,
Il can't tell you that.
But there of production you have touch before
you make any profit at all. What is that ratea
Mr. Campbell didn't know what that but he knew
lot about the automobile business and proceeded instruct
US in it
You couldn't jump right in your maximum. You had
up gradually And unable to imagine
ducng 80 900 Emerson ous and earning 400
the money actually the business that because knew
little about it. We had idea how fast turned itself
At this point Wilson interrupted with very frank statement
This he said is the situation: With the money have
shall be able by spring reach production Of 1000
cars month"; the of 1000 year In order get the
profit of so shall have production the
of 1000 and to do that shall have
$780, 900 That why selling preferred stock
the public We going to raise that 1t harder
do because of the criticism that has been passed the methods
employed in the sell Emerson shares We did not like
those methods ourselves but the only way knew how
the money You have do things they be done
SO now said, we have arrived a definite place The
ability of the Emerson Motors Company produce 1000
year profit of $50 advertised contingent upon two
things namely One whether $450000 money can Be
raised by the sale of preferred stock the public and two
whether the materials and for producing the
bought the prices originally estimated that fair state
mentp" asked.
AS far as it goes, said Wilson.
How much further could gop
Il should think you ought in all fairness say that the
honest and efficient and make good
You remember that anayze any thing
What would you say plans specifications, drawing
six million nine hundred and ninety thousand doas
Mr.. Wilson grnned. Il guess anybody would know what
that he said 1t might that the promoters wanted
to keep control of the company in common stock
So there is the Emerson Motors Company Inc. into the
shares OF which the public has already put between and one
quarter and one and one half million dollars