Word: packards
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Dates: during 1920-1929
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Meanwhile, in Detroit where Packards are made, President Alvan Macauley of the Packard Motor Car Co. wrote a letter to stockholders. He wanted to tell them that Packard is Packard, that it performs with distinction for distinctive individuals, that it will always do so. Wall Street, inspired by the Chrysler-Dodge merger, had been talking about more mergers and Packard had been mentioned. Here is what President Macauley wrote...
Coincidentally, Packard issued last week its statement for the nine months ending May 31, showing a net profit of $17,803,304 or $5.92 per share of common stock. This is nearly double the earnings for the same period...
...position of Packard in the fine car field is largely the work of Alvan Macauley. He began as a lawyer in Washington, D.C. A good friend, Edward Rector,* recommended him to the National Cash Register Co. as a patent attorney. There, he soon turned himself into an inventor and engineer. Later, he went to the American Arithmometer Co. and turned it into the potent Burroughs Adding Machine Co. In 1910, when Packard was making four-cylinder cars, 2,000 a year, Mr. Macauley became general manager. James Ward
...Packard, who designed the first Packard after a careful study of European cars, retired from the business in 1915. He died three months ago (TIME, Apr. 2), beloved by his neighbors in Warren, Ohio, to whom he left $100,000 for a town library. Last year some 35,000 six-and eight-cylinder Packards were sold and Mr. Macauley said: "We keep only those men who, we believe, are personally interested in the work itself...
...Packard...