Harrisburg telegraph. (Harrisburg, Pa.) 1879-1948, September 15, 1919, Page 9, Image 9

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    MONDAY EVENING,
The National City Company
buys $10,000,000 of
Firestone Preferred Stock
Firestone production is increasing so rapidly under demand
from our 42, 000 dealers that this additional capital was required
\
Although the two great Firestone plants at Akron policy and is an index of the character of the Com
are turning out daily 22,000 tires and 25,000 tubes, pany's products,
the demand from passenger car owners and truck
operators continues to outstrip production. The National City Company is in the business of
buying and distributing through its many correspon
. * , ii f ™ dent offices the securities of corporations that are so
Additional equipment already ordered for Plant we jj managed, so conservatively financed and whose
No, 2, which is devoted exclusively to the manu- products fill such a public need, that they measure
facture of inch tires and tubes, will increase the U p to j ts exac ting standards of what should con
output of this one manufacturing unit to 16,000 tires stitute a ime i nves tment.
a day; while in the parent plant increased equipment
for the manufacture of Cords is steadily building the It ; s a high tribute to the quality of Firestone prod
output to its capacity of 20,000 tires daily, which uc t s an( j to the great dealer organization through
will give a total capacity of 35,000 tires a day. which they are distributed that the demand for them
should so increase as to require this additional capital
These equipment requirements and the need of a new meet it. And it is a tribute to the character of the
steel plant that will double the output of Firestone Fir ? sto ™: A t f hat d J sti ; ibutlo n of this
Rims, are being met by an issue of $10,000,000 entire $10,000,d00 Preferred Stock issue should be
7% Preferred Stock, the entire amount being taken undertaken by The National City Company.
by The National City Company, the world's largest o i i i • -i i
distributors of high grade securities. S , ee that y° u £ et ,se in mileage and service
that are responsible for this demand for Firestone
Tires and this standing of the Company Whatever
On the financial page of this paper you will find an tyP e °f d re use, there is a Firestone to suit your
advertisement signed by The National City Company, needs of a quality that assures you the economy
which gives some interesting facts about the financial of MOST MILES PER DOLLAR. Ask your
strength of the Firestone Company a strength dealer for Firestones. Have them put on every
that is founded on twenty years of sound business wheel of your car or truck. *
Firestone employes number 17,000 Firestone invested in a fabric mill to insure first quality,
Firestone resources exceed $73,000,000 steady supply and lowest costs
The company's volume of sales last year was over
$75 nnn ono Firestone built a separate factory and designed special
machinery for it to make a big saving for users of
Daily output of the factories at this writing is 22,000 tires—enabling the main plant to concen
tires and 25,000 tubes Tate on cord tires and truck tires
When equipment now ordered is installed, the output Firestone has branch houses in 63 leading cities of the
will be 36,000 tires and 40,000 tubes daily United States
Firestone makes rims for over half the makes of passen- 42,000 dealers sell Firestone Tires
ger cars built Firestone men have homes of their own in Firestone Park
Firestone makes demountable rims for 62" of the differ- The Firestone Clubhouse is enjoyed by thousands of fac
ent trucks that equip with giant pneumatic truck ory wor ers
tires The Firestone Park Bank makes saving easy and allur-
Firestone makes the tires on which over half the truck in^>*
tonnage of America is carried The Firestone Insurance Fund gives confidence and sta-
Firestone maintains an organization in the Far East at bility to workers
Singapore, the rubber headquarters, to insure best Over 90% of Firestone workers own stock in the corn
grades at lowest costs pany
MOST MILES PER DOLLAR
HARRISBUHO TELJEGRuSLPIX
SEPTEMBER 15, 1919.
9