The Cycle Age And Trade Review, Vol 25, No 151

Articles in this issue

• Annual Meeting of the American Bicycle Company: Financial Report Shows Net Profit of $600,000 — No Dividend to Be Paid

  The first annual meeting of the American Bicycle Company revealed a net profit of $605,579 for the ten months ending July 31, 1900, with total assets of $41.9 million including $30 million in plant investments, but the directors voted to pay no dividend and the Cycle Age commented that the company remained heavily over-capitalized — its plant values needed reduction to roughly one-third of current book figures to reflect true worth, and the common stock held value only for those who controlled the combine.

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