Clipped From The Journal News
was which a ill- Mr. the and SHOPlERGER SAVINGS SEEN H. O. R. and Niles Departments Affected by New Plans 'I know nothing of it; I had eard the rumor. There has been eeting and no organization," was he concise reply given to an inquiry adc of James K .Cullen, president e Niles Tool Worfe Co., respecting report, that he is to become an of the Board of the General hmery Corporation, which has ac- uired control of the Niles Tool orks Co. and the Hoovcn-Owens- !nlsch!er Co. Mr. Cullen was not able to hen an organization meeting of cnera , 1 Machinery Corporation is to e held, if any such meeting is or was he able ta speak of other orKs respecting matters of policy organization except in the most *en- eral terms. It is the purpose of the General say the r V- FÂ»II"Â»Â»E ui wie lieneral Machinery Corporation to effect certain economies by consolidating certain departments am! eliminating needless duplication.' Among such departments to be thus affected, Mr. (Jullen indicated, arc the drafting departments of the Niles Tool Works and thc Hoovcn-Owcns-Rcntschler Co Further than this he would not KO, staling that the plans have not been fill y developed and in their present status are subject to change. Until these plans have been definitely adopted it will be impossible, Mr. Cullen indicated, to predict what changes in policy and personnel will be made. It is the understanding of Mr. Cullen that the headquarters of the General Machinery Corporation are to m Hamilton.