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

assets in which pubcs could possibly be represented
these:
Bank dcposts-the cash itself. soo|'44o
Accounts receivable Includes advances for materials and
for advertising and ST. 80 advanced to the Emerson
Truck and Tractor Company, which intends to enter
Il ,.o,o b;, " 1892
,,..;l .l. and natt.rrs .... 1906
O.nix,;o and rcI;ninarv expenses ..... 94,048
r., s463 OO4
We have said that the amount of money put into Emer
son Motors Company shares by the public between
one and one quarter and and one-hat million
dollars, say. .S'o/o'ooo
From this it appears that only 1919 of each dollar in
public be accounted for the tangible assets or
the Emerson Motors Company.
But wonderful part is still to On September
80 last with 1907 44S cash and $23 66 materials tools and
patterns the Motors Company intending enter the
business the plane of what called quantity produc
ton and in 1917 reach capacity Of 10000 motor cars
year which would the ten largest automobile pro-
ducng companies in the country.
AT the end of September the principal physical evidence Of
the of the Emerson Motors Company to enter the motor
business was what called temporary factory in Long Island
CITY, This leased floor of fair sized building equipped
with power lathe and several benches with pipe ves Eight
evdence also wheels and incomplete parts for
perhaps There engines And there was no
other plant The first S250000 glass and concrete unit still
a picture
During October several things happened The idea of
$3.50 900 glass and unit supposed be building
abandoned for the that the site selected
yard and municipal ordinance forbade railroad switching be-
and p. m. Instead idle plant was found at
Kingston N T. and purchased stood On October IA T. A.
Campbell president letter the stockholders of the Emerson
Motors Company said
The establishment of the Kingston plant does
that propose abandon the maintenance of a
factory near the Metropolitan section of New York Our
temporary factory Sixth Street Long Island City will
be retained and continued in full operation and in due
The Kingston plant however. will soon assume the
of greatest activities for the Company. enabling
to go ahead with quantity production plans with
out delay
The temporary factory referred the leased floor in Long
Island City.
The cash investment the Kingston plant understood
have been approximately 100000 The purchase price
what 500 000 but there mortgage Of $4,000 The
building contains plant but equipment for assembling
manufacturing motors That has yet to be provided
The Tribune began its investigation Of the Emerson
Motors Company about the middle of October On November
the writer of Tribune representatives who by appoint
T. A. Campbell the president and NJ r. Wilson, the
promoter the Offices of the company discuss its affairs The
interview lasted more than three hours.
We began by stating the Emerson idea understood it.
in the following terms
First the Emerson be manufactured but
embed That the parts be bought from the
makers of automobile and assembled into known the
Emerson Four.
Second that the Emerson Motors Company undertook
produce this 10000 Emerson Fou beginning
in 1917 sell them 1896 each and make profit of $50
Third that the profit Of $50 calculated upon pro-
ducon of least 80 900 year. That say
would have be that give the company the benefit Of
what called quantity production and enable it make the
profit advertised.
That's correct said Mr.. Campbell.
And the Emerson Motors Company able to do this3
Absolutely" said Mr.. Campbell
That of you covered everything
will have buy produce that quantity said You
covered all the parts and materials assemble
Fours sell them 1896 each and make profit Of 500
per carp?
Absolutely said Mr.. Campbell again
May the evidence?
What do you m by hatP
The by which you covered with the makers of
your engines your wheels your bodies frames springs
and all other things
Why man. said Mr.. Campbell. showing irritation. you
think crazy Do suppose going