The Telegraph-courier. [volume] (Kenosha, Wis.) 1888-1946, 1920-02-12

The purchase of half interest in the
control Of the Seaman Body Corpora.
tion of Milwaukee at a cost of more
than $225,000 by the Nash Motors Com
pany of Kenosha, is announced in the
annual statement of the business Of
the company as given out by G. w.
Nash, its president. The announcement
is of special interest to Kenosha, as it
shows that the company not only has
extended its holdings with view of
safeguarding the body supply of the
plant, but it also shows the wonderful
contribution which the Nash company
made to the industrial life of Kenosha
during the fiscal year and in Noyem-
Der 80, 1919. The report shows that the
total business of the company for the
year was in excess of $41, 100000 and
that the amount paid out in wages at
the Kenosha plant was $7,204 400. In
his report President Nash says:
Clean Up War Work.
cit took the company until February
to clean up its war work. It was
then necessary to take a physical in
ventory and readjust our factory for
the production of passenger ears on
large scale and the continuation Of
trucks for domestic USE
There was also the steel strike in
September which handicapped produc-
tion on account of the lack of steel,
and the coal strike in November
which also interfered.
Vast Production of Motor Cars.
During the year ending November
30, 1919, your company produced 25,114
passenger cars and 4727 trucks. The
saes for the year were $41, 754,0 The
parts business, including parts shipped
to the government, amounted approx
matey to $3,75o,0Oo. There are now
Deary 5000 peope employed at the Ke-
nosha plant. The payroll during the
year amounted to $7,2o4,499. During
the year there has been added to CAPT
tai account at the Kenosha plant
for real estate, buildings and equip
ment $704,712.
New Milwaukee Plant.
Within the past year your directors
decided that it was necessary to the
safe conduct of its business that the
company should add a four-cylinder
passenger car to its line. Accordingly,
the company purchased at Milwaukee
a tract Of forty-one acres. Buildings
or II
ultimate aim of having a thoroughly
well-equipped plant for the production
of four-cylinder ear. There had been
put into the Milwaukee account up to
November 80, 1919, $130,510.
Buys Milwaukee Interest.
On account of the rapidly growing
demand for closed bodies and in order
to safeguard our supply, it was decided
to purchase an interest in the Seaman
Body Corporation Of Milwaukee. This
company had been furnishing us our
closed work for the past two years.
We therefore, bought half-interest
in the company for $255,031 and this
sum was added to the Seaman com
pany's assets to enable it further to
increase its production.
The company has retired 100000 at
par value of its preferred stock and
sold at 500 per share, two thousand
shares of common stock to employees
whom we are anxious to interest as
partners in the business. The company,
previous to January ], 1920, had pur-
chased for temporary investment &C.
count an additional 100000 Of its pre-
ferred stock so that the amount of our
preferred stock actually outstanding in
the hands of investors was reduced from
one original $5,ooo,000 to $4,191, 900.
Outlook for Business Good.
The outlook for business for the COM
ing year seems bright. Your company's
passenger cars and trucks continue to
gain friends rapidly. We now possess
strong selling organization throughout
the United States. The export business
is also growing. Your company now
is doing business of about twenty au-
tomobiles per day for export trade.
The company expects, during the
coming year, to encounter shortage in
many kinds of material and it is prob
able that this will hamper our pro-
duction."