The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1919-10-09
New Motor Corporation An
nOunces Plans For Manu-
facture of Autos At
Indianapolis, Ind.
C. ". nash HEADS COMPANY
Equipment of a Factory At Indianapo.
lis Begun and More Definite An.
nouncement Will Be Made In Near
Future - Buy Stereotype Plant.

Charles W. Nash, president of the
Nash Motors Company, is named as the
head of another big motor making cor
poration which was organized at Indi-
annapolis on Monday and which will at
once open big plant in that city for
the manufacture of car to be known
as the Lafayette car. Messages from
the Indiana city to the News today an
nounce the plans of the company as
follows:
Announcement was made yest o~day
that the automobile to be manufacturers
by the corporation, which recently pur-
chased the Stereotype plant, will be
known as the Lafayette, and that
Charles W. Nash of Kenosha, Wis,
president of the Nash Motors Company,
will be president of the new corpora
ton, which will be known as the La
fayette Motors Company, with CAPT
talization of $6,000,000.
While Mr.. Nash Is identified with the
new organization as its president, ac-
| tive control will develop largely, it is
said, upon D. Mccall White and Earle
C. Howard, both of whom are interna-
tionally known in the automobile indus
try, Mr.. White as an engineer and
designer, and Mr.. Howard as sales
executive.
Mr.. Nash has achieved a prominent
place in the industry as a manufacturer
of passenger and commercial cars, and
| figured conspicuonsly in TIE war prep
| arations of the United States in the de-
signing and making of motor vehicles.
Other officers Of the company, as
shown by the articles of incorporation,
are: D. Mccall White, Indianapolis,
vice president; Earle c. Howard, Indi-
annapolis, vice president; ands James
j. Storrow, Boston, chairman Of the
Board of Directors
Prominent in Auto World
Mr.. Howard formerly was general
sales manager Of the Cadillac Motor Car
Company in Detroit. Mr. White is
known for his success as designer of
the English Daimler and Napier en-
gines and the Cadillac '8'' in Ameri-
ca. Both he and Mr. Nash were
prominent in the creation of the Liberty
Motor for the American aircraft forces,
Mr.. White as supervising designer and
Mr.. Nash as production manager. Mr.
Storrow of Boston is one of the best
known financial figures in America. He
is at the head of the Lee, Higginson
and Company, we'll known financing
organization.
Frederick W. Allen, New York City,
is associated with the organization on
the, Board of Directors. Mr.. Nash IS
association with the company large
/ lv will be in an advisory capacity,
with Mr.. Howard and Mr.. White in
charge of the plant.
Equipment Started
! The company has chosen indianapolis
as its manufacturing and distributing
center because of the established econ
omic grouping of motor industry facili-
ties here. 1t has started to equip it's
factory at Mars Hill. The car has been
designed by Mr.. White and it is the
present intention of the company to
manufacture all chassis units in the
| plant here.
The company is capitalized for
$6,00Q,000 of non-voting cumulative pre-
ferred stock with par value of 800
and 10000 shares of common stock of
no par value. The present issue of
preferred stock is 100000. With the
100000 shares of preferred stock will
be issued 10000 shares of the common
stock. Apart from the shares thus Sc
cured by the purchasers of preferred
stock, the common stock will be held
by Charles w. Nash, d. Mccall White,
Earle g. Howard and Lee Higginson &
Co. The preferred stock is to bear cum
ulative dividends at per cent year
the first two years and per cent there
after. The company will receive the
entire proceeds of this offering, all of
which will be devoted to cost of plant
and equipment and to working capital. y