C. W. Matheson

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C. W. Matheson - TAKES ISSUE ON AUTO CRITICISM Declares J. J....
TAKES ISSUE ON AUTO CRITICISM Declares J. J. Hill Wrong About Money That Is Tied Up in Motor Cars C. W. Matheson, well known in the automobile industry, takes up the cudgels of makers and users of motor cars in no uncertain terms in resenting the widely published allegations against automobiling as a pastime and automobile manufacturing as a business. James J. Hill, president of the Great Northern and Northern Pacific railroad companies, has declared that automobiles are an extravagance; prominent bankers are credited with saving the manufacture of motor ears is a waste of capital, and bond dealers and real estate men are attributing the falling off of the market for their wares to the craze for automobiles. Mr. Matheson thinks a great injustice has been done the pastime and industry as a whole. "That the public demand for automobiles Is growing greater all the time is sufficient answer to any criticism from no matter what source," says Mr. Matheson. "It is quite possible that the public has been fooled so often in the matter of extravagances in the way of stocks, bonds and real estate that the opportunity of obtaining something from which real, tangible enjoymen at least can be obtained is a welcome sensation. Watered ._£tcck, unwarranted bond issues and real estate of doubtful value have never been seriously criticised by those in high places in the financial world as proper channels for using up the surplus income of many people. The novelty of securing something in return for an Investment of possibly greater intrinsic value than a beautifully engraved certificate or a deed must be strange indeed in some quarters. "The tremendous raise in the scale of wages brought about by the manufacture of automobiles can never be overlooked by anyone seriously studying the conditions as they actually exist. A market for skilled labor and all graded labor employed in the making of motor curs was in a sense created with the appearance of the first automobile, and this market has increased by leaps and bounds with wages being paid on a scale unknown to the railroad companies. "The tremendous amount of capital invested in the manufacture of cars, tires, accessories, etc., the vast army of labor engaged directly or indirectly In the making and distributing and the thousands employed In the distributing of machines— these details present figures which rightly enough place the Industry so high on the list of our products. If this is all wasted capital nnd extravagance then there is something seriously lacking with the American public. "Surely the owners of the 500,000 automobiles that are estimated to be ln use at the present time ore not nil guilty of wilful extravagance. Credit the average purchaser as being the possessor of common sense and his decision In favor of a motor car as against stocks, tends, real estate, etc., speaks for itself. As an industry the automobile is In its Infancy and purchasers of cars, both for business and pleasure purposes will Increase in every section of the country, content In the knowledge that tlie pleasure and business returns will prove their investment a sound one with manifold advantages accruing -all comments to the contrary notwithstanding." i

Clipped from
  1. Los Angeles Herald,
  2. 19 Jun 1910, Sun,
  3. Page 16

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  • C. W. Matheson

    aklostan – 13 Mar 2014

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