. Review of reviews and world's work. llys-Overland, Chevrolet, Dodge,Studebaker, and Maxwell. In less thanseven years the annual value of automobilesproduced in the United States has increasedfrom $250,000,000 to over a billion dolhn>.The gross earnings of a single compan\. theGeneral Motors, are larger than the receiptsof a great, prosperous railroad such as theChicago and Northwestern. With this fran-tic advance in automobile production .uid tliecorres|>onding daring speculation in motorsecurities, there have been serious misgivingson the part of coed observers. ( )uc factor ofsafety
. Review of reviews and world's work. llys-Overland, Chevrolet, Dodge,Studebaker, and Maxwell. In less thanseven years the annual value of automobilesproduced in the United States has increasedfrom $250,000,000 to over a billion dolhn>.The gross earnings of a single compan\. theGeneral Motors, are larger than the receiptsof a great, prosperous railroad such as theChicago and Northwestern. With this fran-tic advance in automobile production .uid tliecorres|>onding daring speculation in motorsecurities, there have been serious misgivingson the part of coed observers. ( )uc factor ofsafety in the financial situation is the ab-sence of bonded indebtedness in most in-stances. In the early days of the expansion•if the industr>, bankers were so distrustful(jf the permanence t)f its prosperity that cijii-tali/ation was kept within decent bounds ;indgenerally restricfecl to issues of preferred .indcommon stock. Thus, with the .ilino i un-believable pros|)erif\ that has come, the piin- 374 THE AMERICAN REVlEiy OF REVIEWS. AT THE JUNCTION OF BHUAUwAi, mi ui AVENUE. AND TVXENTY-THIRDSTREET, NEW YORK CITY (During the transit strike in New York passengers were carried in allkinds of motor vehicles. In the illustration will be seen a Fifth avenuedouble-deck motor bus, and in the foreground a great motor truck usedtemporarily for carrying employees. Many thousands of autolnobiles and •trucks are thus available when street cars stop running) cipal companies have large actual tangibleassets behind their stock issues with fewdebts, and, in several instances, enormousholdings of actual cash. The Ford balance-sheet shows $50,000,000 in cash, the GeneralMotors $26,000,000, and Willvs-Overlandmore than $20,000,000. Motor Trucksin War The figures of car productiongiven in the preceding para-graph are for passenger less remarkable is the growth of thetruck and delivery wagon business. Con-stantly new uses are found for the automo-bile commercial vehicle. The jitney an
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Keywords: ., bookcentury1800, bookdecade1890, bookidreviewofrevi, bookyear1890
