: Story of the automobile: Its history and development from 1760 to 1917 With an analysis of the standing and prospects of the automobile industry by Barber H L Herbert Lee - Automobiles History

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anufacturers Securities from a Financial and Investment Stand-point 171

Economic history, and its relation to stock trading in the automobile industry--securities traded in on New York stock exchange and curb--securities on exchanges in other cities, and data for 1916--principal securities not generally traded in--prices and terms--newer entrants--security issues of tire companies--comparison of automobile with other securities--present and possible future trend--graphic charts and comparative tables.

Passenger Automobiles Manufactured in the United States 219

Range of prices in effect April 1, 1917.

Gasoline Trucks and Delivery Cars Manufactured in the United States 231

Range of prices and other data prior to April 1, 1917.--Courtesy of Everybody's Magazine.

INTRODUCTION.

"What did Benjamin Franklin have to do with the automobile?" a great many readers of this book will ask.

Benjamin Franklin was many-sided, and he had a great deal to do with much that affects the birth of the American nation; and if it had not been for what he and other patriots, statesmen and diplomats did, the automobile business might have been in this country today exactly what it is in England today--and that is a very insignificant industry.

Among other things Franklin was a signer of the Declaration of Independence, and it was the American Revolution that made the automobile industry of today possible; for, had there been no revolution, we would probably still be a dominion of Britain beyond the seas, and it is pretty certain that England would have had in force in the colonies the laws she kept on her statute books until 1896, practically prohibiting, by the imposition of excessive road tolls, the use of the public highways to horseless carriages.

For, strange as it may seem to us in this country, which Emerson epitomized as another name for opportunity, the English horse owners and people generally resented, as early as 1840, the progress represented by the automobile, and stifled all development of it from that time to a date when France, Germany and the United States had made it a real factor in transportation.

If, therefore, Franklin had not helped to free this land from the British yoke, the automobile industry might have been in the United States what it is in England today. France and Germany might now have been doing the automobile business of the world, with England and this country buying from them, as England and France are now buying from the United States, whose automobile supremacy at this date is unquestioned.

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